Orthopedic Prosthetic Market, By Product Type (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, Modular Components, and Others), By Technology (Conventional, Electric Powered, and Hybrid Orthopedic Prosthetics), By End User (Hosp

Orthopedic Prosthetic Market, By Product Type (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Liners, Sockets, Modular Components, and Others), By Technology (Conventional, Electric Powered, and Hybrid Orthopedic Prosthetics), By End User (Hospitals, Prosthetic Clinics, Rehabilitation Center, and Others), By Geography (North America, Latin America, Europe, Asia Pacific, Middle East & Africa)


Orthopedic prosthetics are artificial devices used as a replacement for missing body parts such as legs, arms, or feet. They aim to restore the form and function of an absent body part. Technological advancements in materials and design have led to the development of lightweight and comfortable prosthetics that closely mimic the appearance and movement of natural limbs. Increasing incidence of trauma injuries and bone-related disorders globally are expected to drive the demand for orthopedic prosthetics over the forecast period.

Market Dynamics:

The global orthopedic prosthetic market is driven by the aging population, rising incidence of trauma cases and accidents, and growing prevalence of osteoarthritis and other musculoskeletal conditions. According to statistics, over 10% of the world's population aged above 60 years will require some form of orthopedic intervention by 2050. Moreover, progressive technologies related to designing, material, attachment, and manufacturing of prosthetics are offering patients more comfort and mobility, thereby increasing product acceptability. However, high cost of advanced prosthetics remains a major challenge for market growth. On the flip side, expanding medical insurance coverage and reimbursement programs in developing regions are opening new avenues. Ongoing R&D for lightweight, durable, and modular orthopedic devices also presents lucrative opportunities in the market.

Key Features of the Study:
  • This report provides an in-depth analysis of the global orthopedic prosthetic market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024–2031), considering 2023 as the base year.
  • It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market.
  • This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players.
  • It profiles key players in the global orthopedic prosthetic market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies.
  • Key companies covered as a part of this includes Ottobock, Össur, Hanger Inc., Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., Open Bionics, SYNERGY PROSTHETICS, and Fillauer LLC.
  • Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics.
  • Global orthopedic prosthetic market caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
  • Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global orthopedic prosthetic market.
Detailed Segmentation-
  • By Product Type:
  • Upper Extremity Prosthetics
  • Lower Extremity Prosthetics
  • Liners
  • Sockets
  • Modular Components
  • Others
  • By Technology:
  • Conventional
  • Electric Powered
  • Hybrid Orthopedic Prosthetics
  • By End User:
  • Hospitals
  • Prosthetic Clinics
  • Rehabilitation Center
  • Others
  • By Region:
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East
  • Africa
  • Company Profiles:
  • Ottobock
  • Össur
  • Hanger Inc.
  • Blatchford Limited
  • WillowWood Global LLC
  • Fillauer LLC
  • Howard Orthopaedics Inc.
  • Aether Biomedical
  • United Prosthetics
  • Advanced Arm Dynamic
  • TASKA Prosthetics
  • Steeper Inc.
  • Open Bionics
  • SYNERGY PROSTHETICS
  • Fillauer LLC


1. Research Objectives and Assumptions
Research Objectives
Assumptions
Abbreviations
2. Market Purview
Report Description
Market Definition and Scope
Executive Summary
Market Snapshot, By Product Type
Market Snapshot, By Technology
Market Snapshot, By End User
Market Snapshot, By Region
Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
Market Dynamics
Drivers
Restraints
Opportunities
Impact Analysis
Market Trends
Key Developments
Regulatory Scenario
Manufacturer Revenue
Acquisitions and Partnerships Scenario
Product Launches/Approvals
Funding and Investments
PEST Analysis
Porter’s Analysis
4. Global Orthopedic Prosthetic Market- Impact of Coronavirus (COVID-19) Pandemic
Overall Impact
Government Initiatives
COVID-19 Impact on the Market
5. Global Orthopedic Prosthetic Market, By Product Type, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Upper Extremity Prosthetics
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Lower Extremity Prosthetics
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Liners
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Sockets
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Modular Components
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
6. Global Orthopedic Prosthetic Market, By Technology, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Conventional
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Electric Powered
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Hybrid Orthopedic Prosthetics
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
7. Global Orthopedic Prosthetic Market, By End User, 2019 – 2031, (USD Bn)
Overview
Market Share Analysis, 2024 and 2031 (%)
Y-o-Y Growth Analysis, 2019 – 2031
Segment Trends
Hospitals
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Prosthetic Clinics
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Rehabilitation Center
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
Others
Overview
Market Size and Forecast, and Y-o-Y Growth, 2019–2031, (USD Bn)
8. Global Orthopedic Prosthetic Market, By Region, 2019 – 2031, (USD Bn)
Introduction
Market Share Analysis, By Region, 2024 and 2031 (%)
Y-o-Y Growth Analysis, For Region, 2019–2031
Regional Trends
North America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.S.
Canada
Latin America
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
Brazil
Mexico
Argentina
Rest of Latin America
Europe
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
U.K.
Germany
Italy
France
Spain
Russia
Rest of Europe
Asia Pacific
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
China
India
Japan
ASEAN
Australia
South Korea
Rest of Asia Pacific
Middle East
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country, 2019 – 2031, (USD Bn)
GCC
Israel
Rest of Middle East
Africa
Introduction
Market Size and Forecast, and Y-o-Y Growth, By Product Type, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Technology, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By End User, 2019 - 2031, (USD Bn)
Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019 – 2031, (USD Bn)
North Africa
Central Africa
South Africa
9. Competitive Landscape
Company Profiles
Ottobock
Company Highlights
Product Portfolio
Key Highlights
Financial Performance
Market Strategies
Össur
Hanger Inc.
Blatchford Limited
WillowWood Global LLC
Fillauer LLC
Howard Orthopaedics Inc.
Aether Biomedical
United Prosthetics
Advanced Arm Dynamic
TASKA Prosthetics
Steeper Inc.
Open Bionics
SYNERGY PROSTHETICS
Fillauer LLC
10. Analyst View
Wheel of Fortune
Analyst View
Coherent Opportunity Map
11. References and Research Methodology
References
Research Methodology
About us and Sales Contact
*Browse 32 market data tables and 29 figures on "Orthopedic Prosthetic Market” - Global forecast to 2031

Download our eBook: How to Succeed Using Market Research

Learn how to effectively navigate the market research process to help guide your organization on the journey to success.

Download eBook
Cookie Settings