The global prosthetics and orthotics market size was valued at USD 6.6 billion in 2022 and is expected to grow at a compound annual growth rate (CAGR) of 4.3% from 2023 to 2030. Increasing incidence of sports injuries and road accidents, rising number of diabetes-related amputations, and growing prevalence of osteosarcoma around the world are poised to drive the global market. According to John Hopkins University, every year more than 3.5 million children suffer from sports injuries in the U.S. Sports-induced injury is anticipated to drive the demand, aiding market growth during the forecast period.
During COVID-19, many regulatory agencies and non-governmental organizations responded to the changing scenario. For example, the National Association for the Advancement of Orthotics & Prosthetics (NAAOP) wrote an open letter to all state governors dated March 19, 2020, seeking the continuation of Prosthetic and Orthotic Care services as part of essential health benefits that patients must have access during the pandemic.
An alarming rise in the frequency of road accidents is also a leading factor in driving amputation. According to the World Health Organization, as of June 2021, around 1.3 million people die every year due to road traffic crashes. According to the Association for Safe International Road Travel (ASIRT), around 20-50 million people across the globe were injured or disabled owing to road accidents in 2018. Road traffic accidents account for the 9th leading cause of death, worldwide. ASIRT also reported that in the U.S., more than 38,000 people died in road accidents every year as of 2018. Such factors are fueling market growth.
Pandemic Impact |
Post COVID Outlook |
The market growth declined to 3.05% from 2019 to 2020 compared to 4.0% from 2018 to 2019 |
Orthopedic Clinics began offering online video appointments while most physical operations are expected to resume by the year-end, which will propel the market growth over in next few years. |
According to Ossur, the COVID-19 pandemic differently impacted the prosthetics & orthotics market. The demand for prosthetics solutions became stable due to servicing the existing amputee population with maintenance. |
During the first quarter of 2021, the market saw a gradual recovery in demand and sales of prosthetics as restrictions eased up and norms relaxed which is expected to impact the market positively |
The bracing and supports sales of Ossur declined by 15% to USD 257 million in 2020 due to lesser sports activity and the cancellation of elective surgeries. |
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Technological advancement in orthotics & prosthetics is expected to boost the market growth soon. 3D printed prosthetics by Limb Forge are expected to gain market penetration in developing regions due to their cost-effectiveness and ease of usage. Furthermore, in June 2020, Ossur launched the Balance Foot S and Balance Foot Torsion, Iceross Seal-In X Locking Liner for people suffering from limb loss and limb difference.
Based on type, the market is segmented into orthotics and prosthetics. Orthotics held the dominant share in the prosthetics & orthotics market in terms of revenue in 2022. This may be attributed to the increasing prevalence of osteoarthritis, rising incidences of sports injuries, and growing penetration of orthopedic technology. Upper limb orthotics accounted for the largest share owing to various benefits offered, such as reduced pain and rapid recovery in terms of movement.
Spinal orthotics is expected to exhibit the fastest growth rate owing to the factors such as the increasing number of spinal injuries, rising target population, and unhealthy lifestyle of youths. Orthotics are further segmented into lower limbs, upper limbs, and spinal orthotics. Prosthetics, on the other hand, comprise upper-extremity and lower-extremity prosthetics, liners, sockets, and modular components.
The prosthetics segment is expected to show significant growth during the forecast period. Major companies manufacturing this product are Ossur and Blatchford Inc. An increase in the disability rate across the globe is expected to drive the market in the coming years. For instance, as per the report published by Rehabilitation Research and Training Center on Disability Statistics and Demographics, in 2018, percentage of the people with disabilities, in the U.S., increased from around 11.9% in 2010 to 12.9% in 2017, thereby leading to rising demand for the prosthetics.
In terms of the region, North America was the leading market in 2022, with a market share of more than 37.0%, and is anticipated to witness the same trend in the near future. This growth can be attributed to well-established healthcare infrastructure, increasing R&D investments by companies, and favorable reimbursement policies.
Moreover, the rising prevalence of osteosarcoma and increasing incidences of sports injuries are expected to drive market growth. Moreover, the focus of the U.S. healthcare system on the quality of care and value-based services has led to a favorable market environment for prosthetics & orthotics.
The Asia Pacific market is expected to show lucrative growth of 5.0% during the forecast period. The region is driven by an increasing number of diabetes-related amputations, a rise in the number of road accidents, and supportive government initiatives. For instance, Asian Prosthetic & Orthotics Meeting took place in November 2018 in Thailand to foster cooperation between Asian countries and discuss the ongoing and emerging issues related to prosthetics & orthotics.
As per the report by Asian Diabetes Prevention Initiative, 60.0% of the diabetic population lives in Asia, currently, and by 2030 it is estimated that both India and China will have around half a million people with diabetes. The aforementioned factors are expected to propel the market during the forecast period.
The prosthetics & orthotics market consists of a blend of numerous global and local players. Otto bock is one of the leading players in the market. The company has implemented several strategic initiatives. For instance, in November 2021, Otto bock acquired suitX, a U.S.-based company specializing in the research and development of occupational and medical exoskeletons. Similarly, in September 2020, Otto bock launched two new products in the Taleo foot portfolio: Taleo Vertical Shock (VS) and Taleo Harmony. Ossur Corporate is also one of the major players in the market. Some of the key players operating in the global prosthetics and orthotics market include:
Ossur
Blatchford, Inc.
Fillauer LLC
Otto bock Healthcare GmbH
The Ohio Willow Wood Company
Ultra flex Systems
Steeper Group
Report Attribute |
Details |
Market size value in 2023 |
USD 6.9 billion |
Revenue forecast in 2030 |
USD 9.3 billion |
Growth Rate |
CAGR of 4.3% from 2023 to 2030 |
Base year for estimation |
2022 |
Historical data |
2017 - 2022 |
Forecast period |
2023 - 2030 |
Quantitative units |
Revenue in USD million/billion, CAGR from 2023 to 2030 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, trends |
Segments covered |
Type, region |
Regional scope |
North America; Europe; Asia Pacific; Latin America; MEA |
Country scope |
U.S.; Canada; Germany; U.K.; France; Italy; Spain; Denmark; Sweden; Belgium; Netherlands ;China; Japan; India; Brazil; Mexico; South Africa; |
Key companies profiled |
Ossur; Blatchford Inc.; Fillauer LLC; Otto bock Healthcare GmbH; The Ohio Willow Wood Company; and Ultra flex Systems Inc. |
Customization scope |
Free report customization (equivalent up to 8 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope. |
Pricing and purchase options |
Avail customized purchase options to meet your exact research needs. Explore purchase options |
This report forecasts revenue growth at global, regional & country levels and provides an analysis of the industry trends in each of the sub-segments from 2017 to 2030. For this study, Grand View Research has segmented the global prosthetics and orthotics Market report based on the type and region:
Type Outlook (Revenue, USD Million; 2017 - 2030)
Orthotics
Upper Limb
Lower Limb
Spinal
Prosthetics
Upper Extremity Prosthetics
Lower Extremity Prosthetics
Liners
Sockets
Modular Components
Regional Outlook (Revenue, USD Million; 2017 - 2030)
North America
U.S.
Canada
Europe
UK
Germany
France
Italy
Spain
Sweden
Denmark
Belgium
Netherlands
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
b. The global prosthetics and orthotics market size was estimated at USD 6.6 billion in 2022 and is expected to reach USD 6.9 billion in 2023.
b. The global prosthetics & orthotics market is expected to grow at a compound annual growth rate of 4.3% from 2023 to 2030 to reach USD 9.3 billion by 2030.
b. The orthotics type segment held the dominant revenue share of over 73% in the global prosthetics and orthotics market in 2022. This may be attributed to the increased prevalence of osteoarthritis, incidences of sports injuries, and penetration of orthopedic technology.
b. North America led the global market for prosthetics and orthotics with a revenue share of over 37% in 2022 and is anticipated to witness the same trend over the forecast period.
b. Some key players operating in the prosthetics & orthotics market include Ossur, Otto Bock, Zimmer Biomet Holdings Inc.; Blatchford Inc.; Fillauer LLC; The Ohio Willow Wood Company; and Ultraflex Systems Inc.
b. Key factors that are driving the prosthetics & orthotics market growth include the increasing incidence of sports injuries and road accidents, the rising number of diabetes-related amputations, and the growing prevalence of osteosarcoma around the world.
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