Global Orthopedic Prosthetics Market 2017-2021
About Orthopedic Prosthetics
Prosthetics is an artificial attachment that is used to replace body parts such as lower limb, knee, hip, hand, elbow, shoulder, and parts of the upper and lower extremity organs. Prosthetics have made it possible for people who have lost their upper or lower limbs to be equipped with artificial limbs, which work efficiently and resembles the original in appearance.
Technavio’s analysts forecast the global orthopedic prosthetics market to grow at a CAGR of 5.22% during the period 2017-2021.
Covered in this report
The report covers the present scenario and the growth prospects of the global orthopedic prosthetics market for 2017-2021. To calculate the market size, the report presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources.
The market is divided into the following segments based on geography:
Technavio Announces the Publication of its Research Report – Global Orthopedic Prosthetics Market 2017-2021
Technavio recognizes the following companies as the key players in the global orthopedic prosthetics market: Blatchford, Fillauer, Össur, Ottobock Healthcare, and Ohio Willow Wood.
Other Prominent Vendors in the market are: Advanced Arm Dynamics, Artificial Limbs Manufacturing Corporation of India, Hanger, Liberating Technologies, Steeper, TAL Innovative Solutions, and TRS.
Commenting on the report, an analyst from Technavio’s team said: “One trend in the market is growing focus toward customized orthopedic prosthetics. Customized prosthetics refers to fabricated prosthetics that are made according to individual needs. Off late, vendors are focusing on the developing customized prosthetics to cater to the growing demand from end-users.”
According to the report, one driver in the market is availability of technically advanced orthopedic prosthetics. Earlier, a broad range of conventional lower extremity and upper extremity orthopedic prosthetics were available in the market. These prosthetics worked in conjunction with custom made sockets to achieve a perfect fit. Nowadays, due to technological advancements, vendors are offering electricity powered and hybrid orthopedic prosthetics.
Further, the report states that one challenge in the market is risks and complications related to prosthetic devices. Most surgeries and amputations involve a certain level of risks and complications, which can affect the patient's life. Risks and complications after the implantation of orthopedic prosthetics rise depending on health condition, type of amputation, and age of the patient. Once an orthopedic prosthetic is implanted in a patient, infections near the target site are common.
Blatchford, Fillauer, Össur, Ottobock Healthcare, Ohio Willow Wood, Advanced Arm Dynamics, Artificial Limbs Manufacturing Corporation of India, Hanger, Liberating Technologies, Steeper, TAL Innovative Solutions, and TRS.