The global prosthetics and orthotics market size was valued at USD 6.11 billion in 2020 and is expected to grow at a compound annual growth rate (CAGR) of 4.2% from 2021 to 2028. Increasing cases of sports injuries and road accidents, the rising number of diabetes-related amputations, and the growing prevalence of osteosarcoma around the world are poised to drive the global market. During the pandemic, 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 continuation of Prosthetic and Orthotic Care services as part of essential health benefits that patients must have access to during the pandemic.
Nowadays, more people are choosing sports as a career. As per the American Physical Therapy Association (APTA), the annual sports injury rate in the U.S. was around 8.7 million in 2018. This factor is anticipated to drive the demand, aiding market growth over the forecast period. An alarming rise in the frequency of road accidents is one of the leading causes of increased cases of amputation.
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 are the 9th leading cause of death worldwide. In 2018, the ASIRT also reported that in the U.S., over 38,000 people die in road accidents every year. As per the Ministry of Road Transport and Highways, Government of India, in 2018, around 4, 67,044 people were injured in road accidents, which is further fueling the demand for prosthetics & orthotics.
Increasing incidences of osteosarcoma are also boosting the demand for prosthetics & orthotics products. A report published by the National Cancer Institute estimated around 3,450 new cases of bone and joint cancer in 2018, resulting in 1,590 deaths globally. Children with Cancer U.K., a member of the Association of Medical Research Charities (AMRC), reported that osteosarcoma is the most common bone tumor in children, and every year around 30 new children are diagnosed with the disease in the country.
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, 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 positively impact the market |
The bracing and supports sales of Ossur declined by 15% to USD 257 million in 2020 due to lesser sports activity and cancellation of elective surgeries. |
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Technological advancement in orthotics & prosthetics is expected to boost the market growth in the near future. For example, 3D printed prosthetics by LimbForge is expected to gain market penetration in the developing regions due to their cost-effectiveness and ease of usage. In September 2018, Ottobock launched C-brace with swing phase control to increase its market visibility in the orthotics space.
The orthotics type segment held the dominant share of over 74% in the global market, in terms of revenue, in 2020. This may be attributed to the increased prevalence of osteoarthritis, incidences of sports injuries, and penetration of orthopedic technology. Upper limb orthotics accounted for the largest share owing to various benefits, such as reduced pain and rapid recovery, in terms of movement. Spinal orthotics is expected to exhibit the fastest growth rate from 2021 to 2028 owing to the factors, such as the increasing number of spinal injuries, rising target population, and unhealthy lifestyles. On the basis of type, the market is segmented into orthotics and prosthetics. The orthotics segment is further segmented into lower limb, upper limb, and spinal orthotics.
Prosthetics, on the other hand, comprises upper extremity and lower extremity prosthetics, liners, sockets, and modular components. The prosthetics segment is expected to show significant growth over the forecast period. Major companies manufacturing this product are Ossur and Blatchford Inc. An increase in disability rate across the globe is expected to drive the growth of this segment in the coming years. For instance, as per a report published by the Rehabilitation Research and Training Center on Disability Statistics and Demographics, in 2018, the percentage of people with disabilities in the U.S. increased from around 11.9% in 2010 to 12.9% in 2017, thereby resulting in a rising demand for prosthetics.
North America led the global market with a revenue share of over 37% in 2020 and is anticipated to witness the same trend over the forecast period. This growth can be attributed to the presence of well-established healthcare infrastructure, increasing R&D investments by companies, and favorable reimbursement policies in the region.Moreover, the rising prevalence of osteosarcoma and increasing incidences of sports injuries are expected to drive the market growth. The focus of the U.S. healthcare system on quality of care and value-based services has led to a favorable market environment for prosthetics and orthotics.
Asia Pacific market is expected to be the fastest-growing regional market over the forecast period. The regional market is driven by a rise in the number of road accidents, increasing cases of diabetes-related amputations, and supportive government initiatives. For instance, Asian Prosthetic and Orthotics Meeting took place in November 2018 in Thailand for fostering cooperation between Asian countries and discussing the ongoing and emerging issues related to prosthetics and orthotics. As per a report by Asian Diabetes Prevention Initiative, 60% of the population in the region is diabetic.
There are several global and local players in this market. These companies have implemented strategic initiatives, such as mergers, acquisitions, collaborations, and new product launches, to gain higher market share. For instance, in September 2017, Ottobock launched pediatric prosthetic knee joints.In May 2018, Ossur introduced products, such as Ossur Formfit Pro Line of 3D knitted supports at OTWorld, to gain more market penetration. In July 2018, Blatchford launched a new sandal toe foot shell for its various products, such as Linx, Elan, and Echelon VAC, to improve its product portfolio. Some of the key players in the global prosthetics and orthotics market are:
Blatchford, Inc.
Fillauer LLC
The Ohio Willow Wood Company
Ossur
Steeper Group
Ottobock Healthcare GmbH
Ultraflex Systems, Inc.
Report Attribute |
Details |
Market size value in 2021 |
USD 6.39 billion |
Revenue forecast in 2028 |
USD 8.6 billion |
Growth rate |
CAGR of 4.2% from 2021 to 2028 |
Base year for estimation |
2020 |
Historical data |
2016 - 2019 |
Forecast period |
2021 - 2028 |
Quantitative units |
Revenue in USD million/billion and CAGR from 2021 to 2028 |
Report coverage |
Revenue forecast, company ranking, competitive landscape, growth factors, and 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; Sweden; Denmark; Belgium; The Netherlands; Spain; Japan; China; India; Brazil; Mexico; South Africa; Saudi Arabia |
Key companies profiled |
Blatchford, Inc.; Fillauer LLC; The Ohio Willow Wood Company; Ossur; Steeper Group; Ottobock Healthcare GmbH; Ultraflex Systems, Inc. |
Customization scope |
Free report customization (equivalent up to 8 analysts 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, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2016 to 2028. For the purpose of this study, Grand View Research has segmented the global prosthetics and orthotics market report on the basis of type and region:
Type Outlook (Revenue, USD Million, 2016 - 2028)
Prosthetics
Upper Extremity
Lower Extremity
Liners
Sockets
Modular Components
Orthotics
Upper Limb
Lower Limb
Spinal
Regional Outlook (Revenue, USD Million, 2016 - 2028)
North America
U.S.
Canada
Europe
U.K.
Germany
France
Italy
Sweden
Denmark
Belgium
The Netherlands
Spain
Asia Pacific
Japan
China
India
Latin America
Brazil
Mexico
Middle East & Africa
South Africa
b. The global prosthetics & orthotics market size was estimated at USD 6.11 billion in 2020 and is expected to reach USD 6.39 billion in 2021.
b. The global prosthetics & orthotics market is expected to grow at a compound annual growth rate of 4.2% from 2021 to 2028 to reach USD 8.6 billion by 2028.
b. The orthotics type segment held the dominant revenue share of over 74% in the global prosthetics and orthotics market in 2020. 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 2020, 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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