Prosthetics And Orthotics Market Size, Share & Trends Report

Prosthetics And Orthotics Market Size, Share & Trends Analysis Report By Product Type (Orthotics (Upper Limb, Lower Limb, Spinal), Prosthetics (Upper Extremity, Lower Extremity)), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-2-68038-553-3
  • Number of Pages: 125
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2023
  • Industry: Healthcare

Market Segmentation

  • Prosthetics and Orthotics Product Type Outlook (Revenue, USD Billion, 2018 - 2030)
    • Orthotics
      • Upper limb
      • Lower limb
      • Spinal
    • Prosthetics
      • Upper Extremity
      • Lower Extremity
      • Liners
      • Sockets
      • Modular Components
  • Prosthetics and Orthotics Regional Outlook (Revenue, USD Billion, 2018 - 2030)
    • North America
      • North America Prosthetics and Orthotics Market, By Product Type
        • Orthotics
          • Upper limb
          • Lower limb
          • Spinal
        • Prosthetics
          • Upper Extremity
          • Lower Extremity
          • Liners
          • Sockets
          • Modular Components
      • U.S.
        • U.S. Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Canada
        • Canada Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
    • Europe
      • Europe Prosthetics and Orthotics Market, By Product Type
        • Orthotics
          • Upper limb
          • Lower limb
          • Spinal
        • Prosthetics
          • Upper Extremity
          • Lower Extremity
          • Liners
          • Sockets
          • Modular Components
      • UK
        • UK Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Germany
        • Germany Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • France
        • France Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Italy
        • Italy Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Spain
        • Spain Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Denmark
        • Denmark Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Norway
        • Norway Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Sweden
        • Sweden Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
    • Asia Pacific
      • Asia Pacific Prosthetics and Orthotics Market, By Product Type
        • Orthotics
          • Upper limb
          • Lower limb
          • Spinal
        • Prosthetics
          • Upper Extremity
          • Lower Extremity
          • Liners
          • Sockets
          • Modular Components
      • China
        • China Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • India
        • India Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Japan
        • Japan Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • South Korea
        • South Korea Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Australia
        • Australia Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Thailand
        • Thailand Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
    • Latin America
      • Latin America Prosthetics and Orthotics Market, By Product Type
        • Orthotics
          • Upper limb
          • Lower limb
          • Spinal
        • Prosthetics
          • Upper Extremity
          • Lower Extremity
          • Liners
          • Sockets
          • Modular Components
      • Brazil
        • Brazil Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Mexico
        • Mexico Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Argentina
        • Argentina Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
    • MEA
      • MEA Prosthetics and Orthotics Market, By Product Type
        • Orthotics
          • Upper limb
          • Lower limb
          • Spinal
        • Prosthetics
          • Upper Extremity
          • Lower Extremity
          • Liners
          • Sockets
          • Modular Components
      • Saudi Arabia
        • Saudi Arabia Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • UAE
        • UAE Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • South Africa
        • Argentina Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components
      • Kuwait
        • Kuwait Prosthetics and Orthotics Market, By Product Type
          • Orthotics
            • Upper limb
            • Lower limb
            • Spinal
          • Prosthetics
            • Upper Extremity
            • Lower Extremity
            • Liners
            • Sockets
            • Modular Components

Prosthetics And Orthotics Market Dynamics

Driver: Increasing Prevalence of Arthritis

An increasing incidence of osteoarthritis is one of the key growth drivers of the market. It is the most common form of arthritis and affects people of all ages. According to the Arthritis Foundation, an anticipated 78 million people aged 18 years or above in the U.S. will be diagnosed with arthritis by 2040. Patients suffering from arthritis are the primary target population for orthopedic braces. Hence, the increasing prevalence of this disease is expected to boost the demand for these devices. Rheumatoid arthritis is another common form that affects the joints of the body and can cause muscle pain. According to RheumatoidArthritis.org, in 2016, around 1.3 million of the U.S. population and 1% of the global population were suffering from rheumatoid arthritis. The American Academy of Orthopedic Surgeons estimated that 90% of patients suffering from rheumatoid arthritis tend to develop some kind of symptoms in their feet and ankles. Thus, increasing the incidence of these chronic diseases can increase the demand for orthoses and propel market growth.

Driver: Increasing Incidence of Diabetes & Obesity

There is an overall increase in the prevalence of chronic disorders that are known to cause osteoarthritis. Throughout the globe, it is estimated that every 30 seconds one leg is amputated owing to diabetes. According to the CDC, 27.7% of adults who have arthritis are also obese. 33.7% of arthritic adults are also diabetic. According to the American Diabetes Association, there was a 62% increase in minor non-traumatic lower-extremity amputations (NLEA) and a 29% increase in major NLEAs, between 2009 and 2015. According to the American Journal of Managed Care (AJMC), around 82,000 diabetic amputations were performed in California between 2011 and 2017. According to the CDC, in 2017, around 85% of amputations performed on diabetic patients were due to foot ulcers. In addition, diabetes increases the chances of Peripheral Artery Disease (PAD), which is another major cause of amputation.

Restraint: High Cost of Prosthetics

The high cost of prosthetics is one of the major factors limiting the market growth. For instance, the price of a prosthetic leg can range from USD 5,000 to USD 50,000 and even the most expensive prosthetics can withstand only 3 to 5 years of wear & tear before they have to be replaced. Similarly, the cost of upper extremity devices can range from USD 3,000 to USD 30,000 and these devices also have to be replaced after a certain period. The high cost of prosthetics may impede product sales, especially in developing economies, where the overall purchasing power of consumers is low.

What Does This Report Include?

This section will provide insights into the contents included in this prosthetics and orthotics market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Prosthetics and orthotics market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Prosthetics and orthotics market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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