Prosthetics and Orthotics Market Report and Forecast 2025-2034
Description
The global prosthetics and orthotics market size was valued at USD 9.22 Billion in 2024, driven by the increasing advancement of technologies and personalization in prosthetics and orthotics across the globe. The market size is anticipated to grow at a CAGR of 4.77% during the forecast period of 2025-2034 to achieve a value of USD 14.69 Billion by 2034.
Prosthetics and Orthotics: Introduction
The devices that are designed and created in prosthetics imitate the functioning of real body parts and appearance. The development of these devices is custom made to fit the exact need and requirement of person's anatomy.
Orthotics are used in cases of development and placement of devices that support or correct the musculoskeletal deformities or abnormalities. These devices could include braces, shoe inserts, and some other devices as supportive devices. Alignments can be corrected and improved by the use of these devices.
Prosthetics and Orthotics Market Analysis
Prosthetics and orthotics are specialized fields in which designing, placement, and fitting of artificial limbs is performed in order to replace or support the disabled body parts. These devices are used to enhance mobility and functionality, and general well-being of people who have lost limbs, deformities, or musculoskeletal conditions.
With the rising cases of sports injury and accidents, the demand for advanced prosthetics and orthotics is constantly rising. Due to the rising demand, key players are increasingly investing in advanced products in order to have an edge over the other competitors in the market. This has been favouring the prosthetics and orthotics market expansion and is likely to continue propelling the demand in the coming years as well.
The rapid advancement in prosthetic and orthotics field, such as the use lightweight materials and integration of technology in development of devices, is also aiding the prosthetics and orthotics market development. The integration of 3D printing and computer aided design is increasing the convenience of creating custom and personalized products for people, which is increasing its demand in the medical field as well. Along with the use of 3D printing, use of sensors is also an innovative step towards creating more secure and sensible devices in order to fit the requirements of the person in need.
Additionally, the increased emphasis on natural appearance, use of eco-friendly solutions, coordination with healthcare and digital health systems, are among the key factors aiding the market growth.
Prosthetics and Orthotics Market Segmentations
Prosthetics and Orthotics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product Upper Limb
Lower Limb
Spinal Upper Extremity
Lower Extremity
Liners
Sockets
Modular Component
Market Breakup by Region
The growth of the prosthetics and orthotics market is driven by several factors as increasing personalization, focus on natural appearance of devices, involvement of advanced technologies, and eco-friendly materials. The rising case of diabetes is also leading to increased demand for prosthetics and orthotics.
Prosthetics and Orthotics Market Share by Region
Based on region, the global market was dominated by North America during the historical period and the region is most likely to continue leading the global market. The dominance of the region can be attributed to the developed healthcare infrastructure in the region, favourable reimbursement policies by the governments, and the rising investment by the government, among others.
Prosthetics and Orthotics Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
Prosthetics and Orthotics: Introduction
The devices that are designed and created in prosthetics imitate the functioning of real body parts and appearance. The development of these devices is custom made to fit the exact need and requirement of person's anatomy.
Orthotics are used in cases of development and placement of devices that support or correct the musculoskeletal deformities or abnormalities. These devices could include braces, shoe inserts, and some other devices as supportive devices. Alignments can be corrected and improved by the use of these devices.
Prosthetics and Orthotics Market Analysis
Prosthetics and orthotics are specialized fields in which designing, placement, and fitting of artificial limbs is performed in order to replace or support the disabled body parts. These devices are used to enhance mobility and functionality, and general well-being of people who have lost limbs, deformities, or musculoskeletal conditions.
With the rising cases of sports injury and accidents, the demand for advanced prosthetics and orthotics is constantly rising. Due to the rising demand, key players are increasingly investing in advanced products in order to have an edge over the other competitors in the market. This has been favouring the prosthetics and orthotics market expansion and is likely to continue propelling the demand in the coming years as well.
The rapid advancement in prosthetic and orthotics field, such as the use lightweight materials and integration of technology in development of devices, is also aiding the prosthetics and orthotics market development. The integration of 3D printing and computer aided design is increasing the convenience of creating custom and personalized products for people, which is increasing its demand in the medical field as well. Along with the use of 3D printing, use of sensors is also an innovative step towards creating more secure and sensible devices in order to fit the requirements of the person in need.
Additionally, the increased emphasis on natural appearance, use of eco-friendly solutions, coordination with healthcare and digital health systems, are among the key factors aiding the market growth.
Prosthetics and Orthotics Market Segmentations
Prosthetics and Orthotics Market Report and Forecast 2025-2034 offers a detailed analysis of the market based on the following segments:
Market Breakup by Product
- Orthotic Products
- Prosthetic Products
Market Breakup by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
The growth of the prosthetics and orthotics market is driven by several factors as increasing personalization, focus on natural appearance of devices, involvement of advanced technologies, and eco-friendly materials. The rising case of diabetes is also leading to increased demand for prosthetics and orthotics.
Prosthetics and Orthotics Market Share by Region
Based on region, the global market was dominated by North America during the historical period and the region is most likely to continue leading the global market. The dominance of the region can be attributed to the developed healthcare infrastructure in the region, favourable reimbursement policies by the governments, and the rising investment by the government, among others.
Prosthetics and Orthotics Market: Competitor Landscape
The key features of the market report include patent analysis, grants analysis, clinical trials analysis, funding and investment analysis, partnerships, and collaborations analysis by the leading key players. The major companies in the market are as follows:
- Ossur
- Blatchford Inc
- Ottobock
- Bauerfeind AG
- WillowWood Global LLC
- Ability Matters Group
- Smith+Nephew
- Esko Bionics
- Mobius Bionics
- Boston Orthotics & Prosthetics
Table of Contents
350 Pages
- 1 Preface
- 1.1 Objectives of the Study
- 1.2 Key Assumptions
- 1.3 Report Coverage – Key Segmentation and Scope
- 1.4 Research Methodology
- 2 Executive Summary
- 3 Global Prosthetics and Orthotics Market Overview
- 3.1 Global Prosthetics and Orthotics Market Historical Value (2018-2024)
- 3.2 Global Prosthetics and Orthotics Market Forecast Value (2025-2034)
- 4 Global Prosthetics and Orthotics Market Landscape
- 4.1 Prosthetics and Orthotics: Developers Landscape
- 4.1.1 Analysis by Year of Establishment
- 4.1.2 Analysis by Company Size
- 4.1.3 Analysis by Region
- 4.2 Prosthetics and Orthotics: Product Landscape
- 4.2.1 Analysis by Type
- 4.2.2 Analysis by Technology
- 4.2.3 Analysis by Body Part
- 5 Global Prosthetics and Orthotics Market Dynamics
- 5.1 Market Drivers and Constraints
- 5.2 SWOT Analysis
- 5.3 Porter’s Five Forces Model
- 5.4 Key Demand Indicators
- 5.5 Key Price Indicators
- 5.6 Industry Events, Initiatives, and Trends
- 5.7 Value Chain Analysis
- 6 Global Prosthetics and Orthotics Market Segmentation
- 6.1 Global Prosthetics and Orthotics Market by Product
- 6.1.1 Market Overview
- 6.1.2 Orthotic Products
- 6.1.2.1 Upper Limb
- 6.1.2.2 Lower Limb
- 6.1.2.3 Spinal
- 6.1.3 Prosthetic Products
- 6.1.3.1 Upper Extremity
- 6.1.3.2 Lower Extremity
- 6.1.3.3 Liners
- 6.1.3.4 Sockets
- 6.1.3.5 Modular Component
- 6.2 Global Prosthetics and Orthotics Market by Region
- 6.2.1 Market Overview
- 6.2.2 North America
- 6.2.3 Europe
- 6.2.4 Asia Pacific
- 6.2.5 Latin America
- 6.2.6 Middle East and Africa
- 7 North America Prosthetics and Orthotics Market
- 7.1 Market Share by Country
- 7.2 United States of America
- 7.3 Canada
- 8 Europe Prosthetics and Orthotics Market
- 8.1 Market Share by Country
- 8.2 United Kingdom
- 8.3 Germany
- 8.4 France
- 8.5 Italy
- 8.6 Others
- 9 Asia Pacific Prosthetics and Orthotics Market
- 9.1 Market Share by Country
- 9.2 China
- 9.3 Japan
- 9.4 India
- 9.5 ASEAN
- 9.6 Australia
- 9.7 Others
- 10 Latin America Prosthetics and Orthotics Market
- 10.1 Market Share by Country
- 10.2 Brazil
- 10.3 Argentina
- 10.4 Mexico
- 10.5 Others
- 11 Middle East and Africa Prosthetics and Orthotics Market
- 11.1 Market Share by Country
- 11.2 Saudi Arabia
- 11.3 United Arab Emirates
- 11.4 Nigeria
- 11.5 South Africa
- 11.6 Others
- 12 Regulatory Framework
- 12.1 Regulatory Overview
- 12.1.1 US FDA
- 12.1.2 EU EMA
- 12.1.3 INDIA CDSCO
- 12.1.4 JAPAN PMDA
- 12.1.5 Others
- 13 Patent Analysis
- 13.1 Analysis by Type of Patent
- 13.2 Analysis by Publication year
- 13.3 Analysis by Issuing Authority
- 13.4 Analysis by Patent Age
- 13.5 Analysis by CPC Analysis
- 13.6 Analysis by Patent Valuation
- 13.7 Analysis by Key Players
- 14 Grants Analysis
- 14.1 Analysis by year
- 14.2 Analysis by Amount Awarded
- 14.3 Analysis by Issuing Authority
- 14.4 Analysis by Grant Application
- 14.5 Analysis by Funding Institute
- 14.6 Analysis by NIH Departments
- 14.7 Analysis by Recipient Organization
- 15 Clinical Trials Analysis
- 15.1 Analysis by Trial Registration Year
- 15.2 Analysis by Trial Status
- 15.3 Analysis by Trial Phase
- 15.4 Analysis by Therapeutic Area
- 15.5 Analysis by Geography
- 16 Funding and Investment Analysis
- 16.1 Analysis by Funding Instances
- 16.2 Analysis by Type of Funding
- 16.3 Analysis by Funding Amount
- 16.4 Analysis by Leading Players
- 16.5 Analysis by Leading Investors
- 16.6 Analysis by Geography
- 17 Partnership and Collaborations Analysis
- 17.1 Analysis by Partnership Instances
- 17.2 Analysis by Type of Partnership
- 17.3 Analysis by Leading Players
- 17.4 Analysis by Geography
- 18 Supplier Landscape
- 18.1 Ossur
- 18.1.1 Financial Analysis
- 18.1.2 Product Portfolio
- 18.1.3 Demographic Reach and Achievements
- 18.1.4 Mergers and Acquisitions
- 18.1.5 Certifications
- 18.2 Blatchford Inc
- 18.2.1 Financial Analysis
- 18.2.2 Product Portfolio
- 18.2.3 Demographic Reach and Achievements
- 18.2.4 Mergers and Acquisitions
- 18.2.5 Certifications
- 18.3 Ottobock
- 18.3.1 Financial Analysis
- 18.3.2 Product Portfolio
- 18.3.3 Demographic Reach and Achievements
- 18.3.4 Mergers and Acquisitions
- 18.3.5 Certifications
- 18.4 Bauerfeind AG
- 18.4.1 Financial Analysis
- 18.4.2 Product Portfolio
- 18.4.3 Demographic Reach and Achievements
- 18.4.4 Mergers and Acquisitions
- 18.4.5 Certifications
- 18.5 WillowWood Global LLC
- 18.5.1 Financial Analysis
- 18.5.2 Product Portfolio
- 18.5.3 Demographic Reach and Achievements
- 18.5.4 Mergers and Acquisitions
- 18.5.5 Certifications
- 18.6 Ability Matters Group
- 18.6.1 Financial Analysis
- 18.6.2 Product Portfolio
- 18.6.3 Demographic Reach and Achievements
- 18.6.4 Mergers and Acquisitions
- 18.6.5 Certifications
- 18.7 Smith+Nephew
- 18.7.1 Financial Analysis
- 18.7.2 Product Portfolio
- 18.7.3 Demographic Reach and Achievements
- 18.7.4 Mergers and Acquisitions
- 18.7.5 Certifications
- 18.8 Esko Bionics
- 18.8.1 Financial Analysis
- 18.8.2 Product Portfolio
- 18.8.3 Demographic Reach and Achievements
- 18.8.4 Mergers and Acquisitions
- 18.8.5 Certifications
- 18.9 Mobius Bionics
- 18.9.1 Financial Analysis
- 18.9.2 Product Portfolio
- 18.9.3 Demographic Reach and Achievements
- 18.9.4 Mergers and Acquisitions
- 18.9.5 Certifications
- 18.10 Boston Orthotics & Prosthetics
- 18.10.1 Financial Analysis
- 18.10.2 Product Portfolio
- 18.10.3 Demographic Reach and Achievements
- 18.10.4 Mergers and Acquisitions
- 18.10.5 Certifications
- 19 Key Opinion Leaders (KOL) Insights (Additional Insight)
- 20 Company Competitiveness Analysis (Additional Insight)
- 20.1 Very Small Companies
- 20.2 Small Companies
- 20.3 Mid-Sized Companies
- 20.4 Large Companies
- 20.5 Very Large Companies
- 21 Payment Methods (Additional Insight)
- 21.1 Government Funded
- 21.2 Private Insurance
- 21.3 Out-of-Pocket
Pricing
Currency Rates
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