Prosthetics and Orthotics Market Analysis Development, Key Driven Factors, Segmentation And Forecast To 2025| Grand View Research, Inc
“The global prosthetics and orthotics market size was estimated at USD 8.15 billion in 2017.
The global prosthetics and orthotics market size is expected to reach USD 12.28 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 5.1% CAGR during the forecast period. Increasing incidence of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving market growth. Rising geriatric population across the globe has become one of the key factors driving demand for prosthetics and orthotics. For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050. Geriatrics are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions. Increasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent. For instance, Children with Cancer UK, a member of the Association of Medical Research Charities (AMRC), reported that osteosarcoma is the most common bone tumor in children and every year around 30 new cases in children are diagnosed in U.K. Osteosarcoma is generally treated with the help of chemotherapy, surgery, and radiation. Patients recovering from this surgery generally need orthopedic devices and prosthetics as a part of post-surgery treatment, which is slated to drive the market in the upcoming years.
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Further key findings from the report suggest:
In terms of revenue, the orthotics segment is projected to ascend at a CAGR of 5.2% over the forecast period. Increasing cases of diabetes related amputations across the globe is acting as the driving factor for this segment
By revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period. Rising awareness and supportive government initiatives will fuel market growth
Some of the key companies present in the market are Ossur; Zimmer Biomet Holdings Inc.; Blatchford Inc.; Fillauer LLC; Ottobock Healthcare GmbH; The Ohio Willow Wood Company; and Ultraflex Systems Inc.
Grand View Research has segmented the global prosthetics and orthotics market on the basis of type and region: Prosthetics and Orthotics Type Outlook (Volume, Units Sold; Revenue, USD Million, 2014 - 2025) Orthotics
o
Lower limb
o
Upper limb
o
Spinal
Prosthetics o
Upper Extremity
o
Lower Extremity
o
Liners
o
Sockets
o
Modular Components
Prosthetics and Orthotics Region Outlook (Volume, Units Sold; Revenue, USD Million, 2014 - 2025) North America
o
U.S.
o
Canada
Europe o
U.K.
o
Germany
APAC o
Japan
o
China
LATAM
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
o
Brazil
o
Mexico
MEA o
South Africa
Browse Related Category Reports @ https://www.grandviewresearch.com/industry/medical-devices Table of Content of Prosthetics and Orthotics Market Chapter 1 Research Methodology 1.1 Information procurement 1.2 Data Analysis 1.3 Approaches for market estimation 1.3.1 Approach 1: Demand Analysis & Bottom up Approach 1.3.2 Approach 2: Top down market estimation 1.3.3 Approach 3: Commodity flow and bottom up market estimation 1.3.4 Approach 4: KoL perspective based market sizing Chapter 2 Executive Summary 2.1 Market Snapshot Chapter 3 Industry Outlook 3.1 Market segmentation & scope 3.2 Market Driver Analysis 3.2.1 Increasing incidences of sports injuries 3.2.2 Rising incidence of road accidents 3.2.3 Increasing prevalence of osteosarcoma 3.2.4 Rising geriatric population 3.3 Market Restraint Analysis 3.3.1 High cost of prosthetics 3.3.2 Lack of adequate healthcare infrastructure in less developed and developing countries 3.4 Penetration & growth prospect mapping 3.5 Prosthetics and orthotics - SWOT Analysis, By Factor (political & legal, economic and technological) 3.5.1 Political and Legal 3.5.2 Economic
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3.5.3 Technological 3.6 Industry Analysis - Porter’s 3.6.1 Bargaining power of buyers: Moderate 3.6.2 Bargaining power of suppliers: Moderate 3.6.3 Competitive rivalry: Moderate 3.6.4 Threat of new entrants: Low 3.6.5 Threat of substitutes : High Chapter 4 Prosthetics and Orthotics Market: Type Estimates & Trend Analysis 4.1 Prosthetics and Orthotics Market Type Outlook Key Takeaways 4.2 Prosthetics and Orthotics Market: Type Movement Analysis 4.3 Orthotics 4.3.1 Orthotics market, 2014 - 2025 (USD Million) 4.3.2 Upper Limb Orthotics 4.3.2.1 Upper limb orthotics market, 2014 - 2025 (USD Million) 4.3.3 Lower limb orthotics 4.3.3.1 Lower limb orthotics market, 2014 - 2025 (USD Million) 4.3.4 Spinal orthotics 4.3.4.1 Spinal orthotics market, 2014 - 2025 (USD Million) 4.4 Prosthetics 4.4.1 Prosthetics market, 2014 - 2025 (USD Million) 4.4.2 Upper extremity prosthetics 4.4.2.1 Upper limb orthotics market, 2014 - 2025 (USD Million) 4.4.3 Lower extremity prosthetics 4.4.3.1 Lower extremity prosthetics market, 2014 - 2025 (USD Million) 4.4.4 Liners 4.4.4.1 Liners market, 2014 - 2025 (USD Million) 4.4.5 Sockets 4.4.5.1 Sockets market, 2014 - 2025 (USD Million) 4.4.6 Modular components 4.4.6.1 Modular components market, 2014 - 2025 (USD Million) Chapter 5 Prosthetics and Orthotics Market: Regional Estimates & Trend Analysis, by Type 5.1 Prosthetics and Orthotics Market: Regional Movement Analysis
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5.2 Global Prosthetics and Orthotics Market Share by Region 5.3 North America 5.3.1 North America market, 2014 - 2025 (USD Million) 5.3.2 U.S. 5.3.2.1 U.S. market, 2014 - 2025 (USD Million) 5.3.3 Canada 5.3.3.1 Canada market, 2014 - 2025 (USD Million) 5.4 Europe 5.4.1 Europe market, 2014 - 2025 (USD Million) 5.4.2 U.K. 5.4.2.1 U.K. market, 2014 - 2025 (USD Million) 5.4.3 Germany 5.4.3.1 Germany market, 2014 - 2025 (USD Million) 5.5 Asia Pacific 5.5.1 Asia Pacific market, 2014 - 2025 (USD Million) 5.5.2 Japan 5.5.2.1 Japan market, 2014 - 2025 (USD Million) 5.5.3 China 5.5.3.1 China market, 2014 - 2025 (USD Million) 5.6 Latin America 5.6.1 Latin America market, 2014 - 2025 (USD Million) 5.6.2 Brazil 5.6.2.1 Brazil market, 2014 - 2025 (USD Million) 5.6.3 Mexico 5.6.3.1 Mexico market, 2014 - 2025 (USD Million) 5.7 Middle East and Africa (MEA) 5.7.1 MEA market, 2014 - 2025 (USD Million) 5.7.2 South Africa 5.7.2.1 South Africa market, 2014 - 2025 (USD Million) Chapter 6 Competitive Landscape 6.1 Strategy framework 6.2 Company Profiles
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6.2.1 Ossur 6.2.1.1 Company Overview 6.2.1.2 Financial Performance 6.2.1.3 Product Benchmarking 6.2.1.4 Strategic Initiatives 6.2.2 Zimmer Biomet Holdings Inc. 6.2.2.1 Company Overview 6.2.2.2 Financial Performance 6.2.2.3 Product Benchmarking 6.2.2.4 Strategic Initiatives 6.2.3 Blatchford Inc. 6.2.3.1 Company Overview 6.2.3.2 Product Benchmarking 6.2.3.3 Strategic Initiatives 6.2.4 Fillauer LLC 6.2.4.1 Company Overview 6.2.4.2 Product Benchmarking 6.2.5 Ottobock Healthcare GmbH 6.2.5.1 Company Overview 6.2.5.2 Product Benchmarking 6.2.5.3 Strategic Initiatives 6.2.6 The Ohio Williow Wood Company 6.2.6.1 Company Overview 6.2.6.2 Product Benchmarking 6.2.7 Ultraflex Systems, Inc. 6.2.7.1 Company Overview 6.2.7.2 Product Benchmarking
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About Us: Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, the company offers market intelligence studies ensuring relevant and fact-based research across a range of industries including technology, chemicals, materials, healthcare and energy. Contact: Sherry James Corporate Sales Specialist, USA Grand View Research, Inc Phone: 1-415- 349-0058 Toll Free: 1-888- 202-9519 Email: sales@grandviewresearch.com For More Information: http://www.grandviewresearch.com
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