Orthopedic Prosthetic Devices Market Size, Share, Growth Analysis Report By Type (Lower Extremity Prosthetics, Upper Extremity Prosthetics, Sockets, Others), By Technology (Conventional, Electric-Powered, Hybrid), By End User (Research Institutes, Hospitals, Diagnostic Laboratories, Others), and By Region - Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2024–2033
Report Snapshot
| Study Period: | 2024-2033 |
| Fastest Growing Market: | Asia-Pacific |
| Largest Market: | Europe |
Major Players
- Ossur
- Braun Melsungen AG
- Smith & Nephew
- Johnson & Johnson
- Others
Reports Description
The global Orthopedic Prosthetics Market size was estimated at nearly USD 1.73 billion in 2021 to $1.96 billion in 2022. As per our study, the market is anticipated to reach a value of USD $3.97 billion by 2030 showing a CAGR of 9.5%.
Scrutinizing the uncertainties of the COVID-19 pandemic, our research team is constantly tracking and assessing the impact of the pandemic on the Orthopedic Prosthetics market. These comprehensive insights are included in our market search report as a key market contributor.
Orthopedic Prosthetics Market: Overview
Orthopedists engage in wide-ranging orthopedic prosthetic implants that replace missing bones or joints for supporting the damaged bone. Common prostheses used by orthopedics include hip and knee prostheses, as they enable patients to recover their complete motion in a short period.
As per the National Center for Biotechnology Information, orthopedic disease condition accounts for around 70% of lower limb amputations, which are mostly caused by diabetes or vascular disease. Other causes for lower limb amputations include malignancy, trauma, and congenital deformity. Various Orthopedic Prosthetics types include Upper Limb Prosthetics, Lower Limb Prosthetics, Microprocessor controlled prosthetics, and prosthetics for children. Further, CPO prosthetics used methods such as Rotationplasty, Osseointegration, and robotic surgery.
Orthopedic Prosthetics Market: COVID – 19Impact Analysis
The COVID-19 pandemic had a negative impact on the orthopedic prosthetic market, attributed to the decline in prosthetics consumption. A number of prosthetics surgeries were delayed during the pandemic owing to the non-availability of doctors as well as postponing surgeries to curb the spread of the virus.
This resulted in a loss of revenue. For instance, according to the British Journal of Surgery’s report, nearly 6.3 million surgeries worldwide concerning orthopedics were canceled or postponed owing to COVID-19. The outbreak of COVID-19 resulted in decreased demand for electric prostheses. However, orthopedic clinics started providing online video consulting appointments. With the relaxation and growing vaccination drive, the number of COVID patients declined and hospital operations came back to normal. A gradual recovery was noticed during Q1 of 2021, and it is expected to further experience growth during the coming years.
Orthopedic Prosthetics Market: Growth Drivers
Surging investments in healthcare infrastructure and an increasingly obese population
Increasing investments worldwide, particularly by the government sector, is one of the key factors boosting the market growth. As per research by the Peter G. Peterson Foundation, the US is witnessing a high rise in its healthcare expenditure.
The national healthcare expenditure is anticipated to account for approximately USD 6.2 trillion by the end of 2028. Also, according to the American Medical Association, in 2020, US healthcare spending increased by 9.7% reaching USD 4.1 trillion. This growth rate is significantly higher than the 4.3% witnessed in 2019. One of the prime reasons for growth in Orthopedic Prosthetics surgeries is the rising rate of obesity in a number of economies worldwide. This is due to the growing consumption of processed and junk food and an unhealthy lifestyle. Since obesity directly impacts the knees and can result in difficulty in running, walking, or sitting. Thus, the growing obese population and rising expenditure on healthcare are boosting the market.
Surging R&D investments
Surging research and development proficiencies, particularly in developed as well as developing countries, referring to medical devices and instruments are expected to offer prosperous market growth opportunities. R&D capabilities in the material sciences field are also bolstering the market for Orthopedic Prosthetics. These include growing developments in CAD/CAM technologies.
Orthopedic Prosthetics Market: Segmentation Analysis
The Orthopedic Prosthetics markets are segmented into product, technology, and end user. By product, the lower extremity prosthetics segment is expected to hold over 50% of the total market.
The dominance of the segment is attributed to rising incidences of medical ailments, such as diabetes, which can result in lower body issues. Additionally, several foot and ankle-related disorders require surgical interventions. On the other hand, upper extremity prosthetics are majorly required in case of sports injuries. Based on technology, the market is classified into electric-powered, conventional, and hybrid. The electric-powered segment is projected to witness a high CAGR during 2022-2030.
The developments in electric-powered technology, owing to rising R&D activities, have better functional outcomes.
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 1.73 billion |
| Projected Market Size in 2030 | USD $3.97 billion |
| CAGR Growth Rate | 9.5% CAGR (2022-2030) |
| Base Year | 2023 |
| Forecast Period | 2024-2033 |
| Prominent Players | Ossur, B. Braun Melsungen AG, Smith & Nephew, Johnson & Johnson, Exatech Inc., Hanger Inc., Touch Bionics Inc., Howard Orthopaedics Inc., Medtronic Spinal, Globus Medical, Wishbone Medical, OrthoPediatrics, Arthrex, Pega Medical, Integra Lifesciences, Advanced Arm Dynamics, DJO Global, and Others |
| Key Segment | By Type, Technology, End User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors, and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfill your requirements for research. |
Key Insights:
- As per the analysis shared by our research analyst, the Orthopaedic Prosthetics market is estimated to grow annually at a CAGR of around 9.5% over the forecast period (2022-2030).
- In terms of revenue, the Orthopedic Prosthetics market size was valued at around USD 1.73 billion in 2021 and is projected to reach USD 3.97 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a noteworthy rate.
- Based on product segmentation, the lower extremity prosthetics segment was estimated to hold the maximum market share in the year 2021.
- Based on technology segmentation, the electric-powered segment is expected to witness a high CAGR during 2022-2030.
- By end users, the hospital segment is expected to show a high growth rate during the forecast period.
- On the basis of region, the North American region was the leading revenue generator in 2021.
Recent Development
- February 2022: Ossur unveiled the company’s new Power Knee microprocessor prosthetic knee system. The new system is a motor-powered “smart” prosthesis and is implemented with advanced algorithms that help to detect human movement patterns, learn, and adjust the user’s speed and pace in real time.
- December 2021: WillowWood Global and Blue Sea Capital LLC entered into a strategic partnership. The partnership is aimed at increasing funding for WillowWood with an aim to introduce new advanced products.
Regional Landscape
The North American region is anticipated to lead the market throughout the forecast period. The key factors propelling the growth of Orthopedic Prosthetics in the region include the presence of major regional players, a robust distribution network, as well an advanced healthcare infrastructure.
The use of new polymers along with the development of technically advanced products is a recent trend observed in the region. Further, the players operating in North America are focused on the development of lightweight Orthopedic Prosthetics to fulfill the wearer’s needs. In 2020, In2Bones Global Inc. launched its ”Avenger Radial Head Prosthesis System”. The rising investments in the R&D activities by the players in the region are one of the key factors propelling the growth of the Orthopedic Prosthetics market.
Competitive Landscape
The market for Orthopedic Prosthetics is highly competitive with four key players, including Ossur, B. Braun Melsungen AG, Johnson & Johnson, and Smith & Nephew, contributing to over 50% of the total revenues. Moreover, the introduction of new and advanced products is the key strategy adopted by players operating in the Orthopedic Prosthetics market.
A number of players are investing in 3D printing technologies for delivering personalized products to users. The market is also witnessing growth in public-private partnerships. In the near future, market competitiveness is expected to further increase.
The global Orthopedic Prosthetics market is segmented as follows:
By Type
- Lower Extremity Prosthetics
- Upper Extremity Prosthetics
- Sockets
- Others
By Technology
- Conventional
- Electric-Powered
- Hybrid
By End User
- Research Institutes
- Hospitals
- Diagnostic Laboratories
- Others
On the basis of Geography
North America
- U.S.
- Canada
- Mexico
- Rest of North America
Europe
- Germany
- France
- U.K.
- Italy
- Spain
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- New Zealand
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
Table of Contents
- Chapter 1. Preface
- 1.1 Report Description and Scope
- 1.2 Research scope
- 1.3 Research methodology
- 1.3.1 Market Research Type
- 1.3.2 Market research methodology
- Chapter 2. Executive Summary
- 2.1 Global Orthopedic Prosthetics Market, (2022 – 2030) (USD Billion)
- 2.2 Global Orthopedic Prosthetics Market: snapshot
- Chapter 3. Global Orthopedic Prosthetics Market – Industry Analysis
- 3.1 Orthopedic Prosthetics Market: Market Dynamics
- 3.2 Market Drivers
- 3.2.1 Surging investments in healthcare infrastructure
- 3.2.2 Growing obese population
- 3.3 Market Restraints
- 3.4 Market Opportunities
- 3.5 Market Challenges
- 3.6 Porter’s Five Forces Analysis
- 3.7 Market Attractiveness Analysis
- 3.7.1 Market attractiveness analysis By Type
- 3.7.2 Market attractiveness analysis By Technology
- 3.7.3 Market attractiveness analysis By End User
- Chapter 4. Global Orthopedic Prosthetics Market- Competitive Landscape
- 4.1 Company market share analysis
- 4.1.1 Global Orthopedic Prosthetics Market: company market share, 2021
- 4.2 Strategic development
- 4.2.1 Acquisitions & mergers
- 4.2.2 New Product launches
- 4.2.3 Agreements, partnerships, collaborations, and joint ventures
- 4.2.4 Research and development and Regional expansion
- 4.3 Price trend analysis
- 4.1 Company market share analysis
- Chapter 5. Global Orthopedic Prosthetics Market – Type Analysis
- 5.1 Global Orthopedic Prosthetics Market overview: By Type
- 5.1.1 Global Orthopedic Prosthetics Market share, By Type, 2021 and 2030
- 5.2 Lower Extremity Prosthetics
- 5.2.1 Global Orthopedic Prosthetics Market by Lower Extremity Prosthetics, 2022 – 2030 (USD Billion)
- 5.3 Upper Extremity Prosthetics
- 5.3.1 Global Orthopedic Prosthetics Market by Upper Extremity Prosthetics, 2022 – 2030 (USD Billion)
- 5.4 Sockets
- 5.4.1 Global Orthopedic Prosthetics Market by Sockets, 2022 – 2030 (USD Billion)
- 5.5 Others
- 5.5.1 Global Orthopedic Prosthetics Market by Others, 2022 – 2030 (USD Billion)
- 5.1 Global Orthopedic Prosthetics Market overview: By Type
- Chapter 6. Global Orthopedic Prosthetics Market – Technology Analysis
- 6.1 Global Orthopedic Prosthetics Market overview: By Technology
- 6.1.1 Global Orthopedic Prosthetics Market share, By Technology, 2021 and 2030
- 6.2 Conventional
- 6.2.1 Global Orthopedic Prosthetics Market by Conventional, 2022 – 2030 (USD Billion)
- 6.3 Electric-Powered
- 6.3.1 Global Orthopedic Prosthetics Market by Electric-Powered, 2022 – 2030 (USD Billion)
- 6.4 Hybrid
- 6.4.1 Global Orthopedic Prosthetics Market by Hybrid, 2022 – 2030 (USD Billion)
- 6.1 Global Orthopedic Prosthetics Market overview: By Technology
- Chapter 7. Global Orthopedic Prosthetics Market – End User Analysis
- 7.1 Global Orthopedic Prosthetics Market overview: By End User
- 7.1.1 Global Orthopedic Prosthetics Market share, By End User, 2021 and 2030
- 7.2 Research Institutes
- 7.2.1 Global Orthopedic Prosthetics Market by Research Institutes, 2022 – 2030 (USD Billion)
- 7.3 Hospitals
- 7.3.1 Global Orthopedic Prosthetics Market by Hospitals, 2022 – 2030 (USD Billion)
- 7.4 Diagnostic Laboratories
- 7.4.1 Global Orthopedic Prosthetics Market by Diagnostic Laboratories, 2022 – 2030 (USD Billion)
- 7.5 Others
- 7.5.1 Global Orthopedic Prosthetics Market by Others, 2022 – 2030 (USD Billion)Chapter 8. Orthopedic Prosthetics Market – Regional Analysis
- 8.1 Global Orthopedic Prosthetics Market Regional Overview
- 8.2 Global Orthopedic Prosthetics Market Share, by Region, 2021 & 2030 (USD Billion)
- 8.3. North America
- 8.3.1 North America Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.3.1.1 North America Orthopedic Prosthetics Market, by Country, 2022 – 2030 (USD Billion)
- 8.3.1 North America Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.4 North America Orthopedic Prosthetics Market, by Type, 2022 – 2030
- 8.4.1 North America Orthopedic Prosthetics Market, by Type, 2022 – 2030 (USD Billion)
- 8.5 North America Orthopedic Prosthetics Market, by Technology, 2022 – 2030
- 8.5.1 North America Orthopedic Prosthetics Market, by Technology, 2022 – 2030 (USD Billion)
- 8.6 North America Orthopedic Prosthetics Market, by End User, 2022 – 2030
- 8.6.1 North America Orthopedic Prosthetics Market, by End User, 2022 – 2030 (USD Billion)
- 8.7. Europe
- 8.7.1 Europe Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.7.1.1 Europe Orthopedic Prosthetics Market, by Country, 2022 – 2030 (USD Billion)
- 8.7.1 Europe Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.8 Europe Orthopedic Prosthetics Market, by Type, 2022 – 2030
- 8.8.1 Europe Orthopedic Prosthetics Market, by Type, 2022 – 2030 (USD Billion)
- 8.9 Europe Orthopedic Prosthetics Market, by Technology, 2022 – 2030
- 8.9.1 Europe Orthopedic Prosthetics Market, by Technology, 2022 – 2030 (USD Billion)
- 8.10 Europe Orthopedic Prosthetics Market, by End User, 2022 – 2030
- 8.10.1 Europe Orthopedic Prosthetics Market, by End User, 2022 – 2030 (USD Billion)
- 8.11. Asia Pacific
- 8.11.1 Asia Pacific Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.11.1.1 Asia Pacific Orthopedic Prosthetics Market, by Country, 2022 – 2030 (USD Billion)
- 8.11.1 Asia Pacific Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.12 Asia Pacific Orthopedic Prosthetics Market, by Type, 2022 – 2030
- 8.12.1 Asia Pacific Orthopedic Prosthetics Market, by Type, 2022 – 2030 (USD Billion)
- 8.13 Asia Pacific Orthopedic Prosthetics Market, by Technology, 2022 – 2030
- 8.13.1 Asia Pacific Orthopedic Prosthetics Market, by Technology, 2022 – 2030 (USD Billion)
- 8.14 Asia Pacific Orthopedic Prosthetics Market, by End User, 2022 – 2030
- 8.14.1 Asia Pacific Orthopedic Prosthetics Market, by End User, 2022 – 2030 (USD Billion)
- 8.15. Latin America
- 8.15.1 Latin America Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.15.1.1 Latin America Orthopedic Prosthetics Market, by Country, 2022 – 2030 (USD Billion)
- 8.15.1 Latin America Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.16 Latin America Orthopedic Prosthetics Market, by Type, 2022 – 2030
- 8.16.1 Latin America Orthopedic Prosthetics Market, by Type, 2022 – 2030 (USD Billion)
- 8.17 Latin America Orthopedic Prosthetics Market, by Technology, 2022 – 2030
- 8.17.1 Latin America Orthopedic Prosthetics Market, by Technology, 2022 – 2030 (USD Billion)
- 8.18 Latin America Orthopedic Prosthetics Market, by End User, 2022 – 2030
- 8.18.1 Latin America Orthopedic Prosthetics Market, by End User, 2022 – 2030 (USD Billion)
- 8.19. The Middle-East and Africa
- 8.19.1 The Middle-East and Africa Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.19.1.1 The Middle-East and Africa Orthopedic Prosthetics Market, by Country, 2022 – 2030 (USD Billion)
- 8.19.1 The Middle-East and Africa Orthopedic Prosthetics Market, 2022 – 2030 (USD Billion)
- 8.20 The Middle-East and Africa Orthopedic Prosthetics Market, by Type, 2022 – 2030
- 8.20.1 The Middle-East and Africa Orthopedic Prosthetics Market, by Type, 2022 – 2030 (USD Billion)
- 8.21 The Middle-East and Africa Orthopedic Prosthetics Market, by Technology, 2022 – 2030
- 8.21.1 The Middle-East and Africa Orthopedic Prosthetics Market, by Technology, 2022 – 2030 (USD Billion)
- 8.22 The Middle-East and Africa Orthopedic Prosthetics Market, by End User, 2022 – 2030
- 8.22.1 The Middle-East and Africa Orthopedic Prosthetics Market, by End User, 2022 – 2030 (USD Billion)
- 7.5.1 Global Orthopedic Prosthetics Market by Others, 2022 – 2030 (USD Billion)Chapter 8. Orthopedic Prosthetics Market – Regional Analysis
- Chapter 9. Company Profiles
- 9.1 Ossur
- 9.1.1 Overview
- 9.1.2 Financials
- 9.1.3 Product Portfolio
- 9.1.4 Business Strategy
- 9.1.5 Recent Developments
- 9.2 B. Braun Melsungen AG
- 9.2.1 Overview
- 9.2.2 Financials
- 9.2.3 Product Portfolio
- 9.2.4 Business Strategy
- 9.2.5 Recent Developments
- 9.3 Smith & Nephew
- 9.3.1 Overview
- 9.3.2 Financials
- 9.3.3 Product Portfolio
- 9.3.4 Business Strategy
- 9.3.5 Recent Developments
- 9.4 Johnson & Johnson
- 9.4.1 Overview
- 9.4.2 Financials
- 9.4.3 Product Portfolio
- 9.4.4 Business Strategy
- 9.4.5 Recent Developments
- 9.5 Exatech Inc.
- 9.5.1 Overview
- 9.5.2 Financials
- 9.5.3 Product Portfolio
- 9.5.4 Business Strategy
- 9.5.5 Recent Developments
- 9.6 Hanger Inc.
- 9.6.1 Overview
- 9.6.2 Financials
- 9.6.3 Product Portfolio
- 9.6.4 Business Strategy
- 9.6.5 Recent Developments
- 9.7 Touch Bionics Inc.
- 9.7.1 Overview
- 9.7.2 Financials
- 9.7.3 Product Portfolio
- 9.7.4 Business Strategy
- 9.7.5 Recent Developments
- 9.8 Howard Orthopaedics Inc.
- 9.8.1 Overview
- 9.8.2 Financials
- 9.8.3 Product Portfolio
- 9.8.4 Business Strategy
- 9.8.5 Recent Developments
- 9.9 Medtronic Spinal
- 9.9.1 Overview
- 9.9.2 Financials
- 9.9.3 Product Portfolio
- 9.9.4 Business Strategy
- 9.9.5 Recent Developments
- 9.10 Globus Medical
- 9.10.1 Overview
- 9.10.2 Financials
- 9.10.3 Product Portfolio
- 9.10.4 Business Strategy
- 9.10.5 Recent Developments
- 9.11 Wishbone Medical
- 9.11.1 Overview
- 9.11.2 Financials
- 9.11.3 Product Portfolio
- 9.11.4 Business Strategy
- 9.11.5 Recent Developments
- 9.12 OrthoPediatrics
- 9.12.1 Overview
- 9.12.2 Financials
- 9.12.3 Product Portfolio
- 9.12.4 Business Strategy
- 9.12.5 Recent Developments
- 9.13 Arthrex
- 9.13.1 Overview
- 9.13.2 Financials
- 9.13.3 Product Portfolio
- 9.13.4 Business Strategy
- 9.13.5 Recent Developments
- 9.14 Pega Medical
- 9.14.1 Overview
- 9.14.2 Financials
- 9.14.3 Product Portfolio
- 9.14.4 Business Strategy
- 9.14.5 Recent Developments
- 9.15 Integra Lifesciences
- 9.15.1 Overview
- 9.15.2 Financials
- 9.15.3 Product Portfolio
- 9.15.4 Business Strategy
- 9.15.5 Recent Developments
- 9.16 Advanced Arm Dynamics
- 9.16.1 Overview
- 9.16.2 Financials
- 9.16.3 Product Portfolio
- 9.16.4 Business Strategy
- 9.16.5 Recent Developments
- 9.17 DJO Global
- 9.17.1 Overview
- 9.17.2 Financials
- 9.17.3 Product Portfolio
- 9.17.4 Business Strategy
- 9.17.5 Recent Developments
- 9.1 Ossur
- 7.1 Global Orthopedic Prosthetics Market overview: By End User
List Of Figures
Figures No 1 to 27
List Of Tables
Tables No 1 to 77
Report Methodology
In order to get the most precise estimates and forecasts possible, Custom Market Insights applies a detailed and adaptive research methodology centered on reducing deviations. For segregating and assessing quantitative aspects of the market, the company uses a combination of top-down and bottom-up approaches. Furthermore, data triangulation, which examines the market from three different aspects, is a recurring theme in all of our research reports. The following are critical components of the methodology used in all of our studies:
Preliminary Data Mining
On a broad scale, raw market information is retrieved and compiled. Data is constantly screened to make sure that only substantiated and verified sources are taken into account. Furthermore, data is mined from a plethora of reports in our archive and also a number of reputed & reliable paid databases. To gain a detailed understanding of the business, it is necessary to know the entire product life cycle and to facilitate this, we gather data from different suppliers, distributors, and buyers.
Surveys, technological conferences, and trade magazines are used to identify technical issues and trends. Technical data is also gathered from the standpoint of intellectual property, with a focus on freedom of movement and white space. The dynamics of the industry in terms of drivers, restraints, and valuation trends are also gathered. As a result, the content created contains a diverse range of original data, which is then cross-validated and verified with published sources.
Statistical Model
Simulation models are used to generate our business estimates and forecasts. For each study, a one-of-a-kind model is created. Data gathered for market dynamics, the digital landscape, development services, and valuation patterns are fed into the prototype and analyzed concurrently. These factors are compared, and their effect over the projected timeline is quantified using correlation, regression, and statistical modeling. Market forecasting is accomplished through the use of a combination of economic techniques, technical analysis, industry experience, and domain knowledge.
Short-term forecasting is typically done with econometric models, while long-term forecasting is done with technological market models. These are based on a synthesis of the technological environment, legal frameworks, economic outlook, and business regulations. Bottom-up market evaluation is favored, with crucial regional markets reviewed as distinct entities and data integration to acquire worldwide estimates. This is essential for gaining a thorough knowledge of the industry and ensuring that errors are kept to a minimum.
Some of the variables taken into account for forecasting are as follows:
• Industry drivers and constraints, as well as their current and projected impact
• The raw material case, as well as supply-versus-price trends
• Current volume and projected volume growth through 2030
We allocate weights to these variables and use weighted average analysis to determine the estimated market growth rate.
Primary Validation
This is the final step in our report’s estimating and forecasting process. Extensive primary interviews are carried out, both in-person and over the phone, to validate our findings and the assumptions that led to them.
Leading companies from across the supply chain, including suppliers, technology companies, subject matter experts, and buyers, use techniques like interviewing to ensure a comprehensive and non-biased overview of the business. These interviews are conducted all over the world, with the help of local staff and translators, to overcome language barriers.
Primary interviews not only aid with data validation, but also offer additional important insight into the industry, existing business scenario, and future projections, thereby improving the quality of our reports.
All of our estimates and forecasts are validated through extensive research work with key industry participants (KIPs), which typically include:
• Market leaders
• Suppliers of raw materials
• Suppliers of raw materials
• Buyers.
The following are the primary research objectives:
• To ensure the accuracy and acceptability of our data.
• Gaining an understanding of the current market and future projections.
Data Collection Matrix
| Perspective | Primary research | Secondary research |
| Supply-side |
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| Demand-side |
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Market Analysis Matrix
| Qualitative analysis | Quantitative analysis |
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List of the prominent players in the global Orthopedic Prosthetics market:
- Ossur
- Braun Melsungen AG
- Smith & Nephew
- Johnson & Johnson
- Exatech Inc.
- Hanger Inc.
- Touch Bionics Inc.
- Howard Orthopaedics Inc.
- Medtronic Spinal
- Globus Medical
- Wishbone Medical
- OrthoPediatrics
- Arthrex
- Pega Medical
- Integra Lifesciences
- Advanced Arm Dynamics
- DJO Global
- Others
FAQs
“North American” region will lead the global Orthopedic Prosthetics market during the forecast period 2022 to 2030.
Increasing investments worldwide, particularly by the government sector, is one of the key factors boosting market growth.
The key players operating in the Orthopedic Prosthetics market are Ossur, B. Braun Melsungen AG, Smith & Nephew, Johnson & Johnson, Exatech Inc., Hanger Inc., Touch Bionics Inc., Howard Orthopaedics Inc., Medtronic Spinal, Globus Medical, Wishbone Medical, OrthoPediatrics, Arthrex, Pega Medical, Integra Lifesciences, Advanced Arm Dynamics, DJO Global, and Others.
The global Orthopedic Prosthetics market is expanding growth with a CAGR of approximately 5% during the forecast period (2022 to 2030).
The global Orthopedic Prosthetics market size was valued at USD 2.10 billion in 2021 and it is projected to reach around USD 3.3 billion by 2030.