Orthopedic Prosthetics Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2023 Orthopedic prosthetics is related to the identification, manufacturing and fitting artificial custom made limbs in the patient to replace missing part of the limb lost through trauma, disease, or congenital conditions. These custom fabricated orthoses and limbs require very high strength with weight as low as possible, therefore these are made up of very specialized materials such as carbon fiber, kevlar and titanium. This allows restricted movement of the artificial limb along with control over it and reduction in pain. The very advanced CAD/CAM technology is developed to manufacture these products as per individual requirements.
The increasing number of old age population and growing trauma cases all over the world are creating the high rise in demand for orthopedic prosthetic products. According to World Health Organization (WHO) report, as many as 50 million are injured every year due to road crashes leading to severe injury to body parts and sometimes resulting in loosing body parts such as limbs whereas this figure will increase by 65% in next 20 years. Out of total number of death in road accidents, 91% are from poor or developing countries. At the same time increasing old age population is also one of the reasons of growing demand of these products. All these facts represents the massive demand for the orthopedic prosthetic products globally and the increasing trend of the requirement in coming future. The technological advancements in orthopedic prosthetics in terms of better fixation, wearresistant material and cement less design along with this suitable reimbursement circumstances and increasing number of trained healthcare professionals are driving the growth of the market. On the other hand high cost involved and limited reach of these facilities in developing countries may hinder the growth of the market. In last couple of years, various companies have done technical improvement in the orthopedic prosthetics products such as robotic prostheses consist of biosensors; these sensors detect signals from the user’s nervous or muscular systems and acts accordingly. Recently FDA has approved robotic prosthesis which is controlled by muscle contractions and nerve impulses developed by DEKA Integrated Solutions.