Global Orthopedic Prosthetics Market By Product Type and Market Players

December 6, 2018

Author: Vrushali Girme

Orthopedic Prosthetics is a field concerned with the identification, designing and manufacturing of custom-made artificial limbs in a patient. The devices should be of high strength and low weight. Hence, materials, such as thermoplastics, metals, carbon fiber, EVA (Ethylene-vinyl acetate), or combination of these are commonly used for production. These devices are used to replace a damaged or missing body part caused by trauma, disease, or other medical conditions. In the recent years, the market for orthopedic prosthetics has witnessed significant developments in designing and production technologies. The products have an increased level of comfort, usability and increased resistance to wear and tear.

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The market is mainly driven by factors such as technology advancements in the area of designing and production of orthopedic prosthetics. Increasing cases of trauma reported globally along with increasing cases of road accidents are expected to fuel the market growth during the forecast period. However, the high costs of orthopedic prosthetics may limit the market growth.

Segmentation:

On the basis of the product, the market is segmented into Orthotics,

Arm prosthesis, Prosthetic legs Upper extremity prosthetics are used to replace body parts that have been amputated from the deltoid region to the hand, including arm, axilla and shoulder. Upper extremity prosthetics can be further divided into: hand prosthetics, elbow prosthetics and shoulder prosthetics. Lower extremity prosthetics is used for amputation of lower region from hip, thigh, leg, ankle and foot.

Global Orthopedic Prosthetics Market

Ottobock
Johnson & Johnson
Touch Bionics
Endolite
The Ohio Willow Wood
MatOrtho
Stryker
Ossur
Corin USA
Arthrex

Regional Overview:

From geographical viewpoint, the report covers the markets for orthopedic prosthetics across regions such as North America, Europe, Asia Pacific, and Middle East and Africa. Of these, the North America market is presently the leading contributor to the revenue of the global market owing to high awareness and a high level of affordability. Europe and Asia Pacific are also key regional markets with Europe representing one of the established regional markets while Asia Pacific representing a regional market with the most promising growth opportunities.

The high population and an increased rate of awareness in Asia Pacific are expected to lead to an impressive rise in growth opportunities in the next few years. Rising disposable incomes and rising expenditure on healthcare and wellness will also drive the market for orthopedic prosthetics in Asia Pacific in the near future.

Western Europe and Asia Pacific excluding Japan is expected to be the fastest growing market in terms of revenue growth in the global orthopedic prosthetics market.

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Major TOC Contents

1.1 Industry Definition and Types

1.1.1 Orthotics

1.1.2 Arm prosthesis

1.1.3 Prosthetic legs

1.2 Main Market Activities

1.3 Similar Industries

1.4 Industry at a Glance