Orthopaedic Prosthetics Market Research Report

Orthopaedic Prosthetics Market:

Growth opportunities in the Orthopaedic Prosthetics Market look promising over the next six years. This is mainly due to the ongoing investment by the leading players in research and development activities and the introduction of products to sustain their leadership.

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Orthopaedic Prosthetics Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The major driver contributing to the growth of the global orthopedic prosthetics market include the augmenting cases of trauma, and accidental injuries, the launch of customized implant products, the surging occurrence of vascular diseases, osteoarthritis, and diabetes, along with the expanding emphasis on constraining healthcare expenditure and distribution. Also, the accelerating geriatric population and the increasing prevalence of lifestyle diseases and disorders such as obesity will further strengthen the orthopedic prosthetics market size. The ongoing technological innovations in orthopedic implants are driving the market growth. However, the entry barriers as per the regulatory guidelines, lack of well-equipped rehabilitation centers, and unfavorable reimbursement policies may hinder the orthopedic prosthetics market share.

Product Type Segment Drivers

Based on the product type, the lower limb is predicted to expand at a higher CAGR during the forecast period. This is primarily due to technological expansions in the field of healthcare. On the other hand, the upper limb is projected to lead the market over the forecast period owing to their increasing endorsement among healthcare professionals and patients led by their characteristics like high stability and advanced technological properties. Additionally, wide accessibility and fuelling demand for personalized orthopedic prosthetics will further raise the market growth.

End User Segment Drivers

Based on the end-user, the market is segmented into hospitals, prosthetic clinics, and rehabilitation centers. Technological advancement in the healthcare industry along with increasing research & development activities are likely to drive the growth of this segment. Prosthetic devices have been playing a crucial role in healthcare facilities, especially in hospitals and prosthetic clinics, owing to their various advantages, such as they are user-friendly, stable, technologically advanced, and nearly restores the normal function of the missing body part. Healthcare practitioners are increasingly using technology platforms to serve the growing hospitals and patients' needs.

Orthopaedic Prosthetics Market’s leading Manufacturers:

· The Ohio Willow Wood Co.

· Touch Bionics Inc.

· Otto Bock HealthCare GmbH

· Zimmer Holdings Inc.

· Biomet Inc.

· Hanger Inc.

· Blatchford Ltd

· Stryker Corp

· Johnson & Johnson

· Smith and Nephew plc

Orthopaedic Prosthetics Market Segmentation:

Segmentation by Product Type

· Upper Limb

· Lower Limb

· Others

Segmentation by Technology Type

· Conventional Technology

· Electric Powered Technology

· Hybrid Technology

Segmentation by End User

· Hospitals

· Prosthetic Clinics

· Rehabilitation Centers

· Others

Segmentation by Region:

· North America

o United States of America

o Canada

· Asia Pacific

o China

o Japan

o India

o Rest of APAC

· Europe

o United Kingdom

o Germany

o France

o Spain

o Rest of Europe

· RoW

o Brazil

o South Africa

o Saudi Arabia

o UAE

o Rest of the world (remaining countries of the LAMEA region)

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