Prosthesis deals with the utilization of artificial limbs in order to restore the normal movement of person with limb loss. However, orthotics refers to the design and development of orthoses with an aim to offer precision and accuracy to artificial parts. The integration of both the disciplines have potential to offer significant rehabilitation for the patients.
MARKET DYNAMICS
The prosthetics and orthotics market is expected to witness considerable growth due to increasing number of amputation surgeries. In addition, rising number of orthopedic procedures also represent significant opportunity for the growth of the market. However, high cost of surgical procedures are likely to hamper the growth of the global prosthetics and orthotics Market.
MARKET SCOPE
The "Prosthetics and Orthotics Market Analysis to 2028" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of Prosthetics and Orthotics Market with detailed market segmentation by product type and end user. The Prosthetics and Orthotics Market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in Prosthetics and Orthotics Market and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The prosthetics and orthotics market is segmented on the basis of product type and end user. Based on product type, the market is segmented as orthotics and prosthetics. Orthotics segment is further segmented as upper limb, lower limb, and spinal. Prosthetics segment is further segmented as upper extremity, lower extremity, liners, sockets, and modular components. On the basis of end user, the market is segmented as hospitals, ambulatory surgical centers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Prosthetics and Orthotics Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Prosthetics and Orthotics Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Prosthetics and Orthotics Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Prosthetics and Orthotics Market in these regions.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the Prosthetics and Orthotics Market based on various segments. It also provides market size and forecast estimates from year 2020 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The Prosthetics and Orthotics Market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting Prosthetics and Orthotics Market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Prosthetics and Orthotics Market in these regions.
MARKET PLAYERS
The report covers key developments in the Prosthetics and Orthotics Market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from Prosthetics and Orthotics Market are anticipated to have lucrative growth opportunities in the future with the rising demand for smart hospital beds in the global market. Below mentioned is the list of few companies engaged in the Prosthetics and Orthotics Market.
The report also includes the profiles of key players in Prosthetics and Orthotics Market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- Ossur
- Otto bock
- Zimmer Biomet Holdings Inc.
- Blatchford Inc.
- Fillauer LLC
- The Ohio Willow Wood Company
- Ultraflex Systems Inc.
The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Prosthetics And Orthotics Market - By Product Type
1.3.2 Prosthetics And Orthotics Market - By End User
1.3.3 Prosthetics And Orthotics Market - By Region
1.3.3.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. PROSTHETICS AND ORTHOTICS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. PROSTHETICS AND ORTHOTICS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. PROSTHETICS AND ORTHOTICS MARKET - GLOBAL MARKET ANALYSIS
6.1. PROSTHETICS AND ORTHOTICS - GLOBAL MARKET OVERVIEW
6.2. PROSTHETICS AND ORTHOTICS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE
7. PROSTHETICS AND ORTHOTICS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT TYPE
7.1. OVERVIEW
7.2. PRODUCT TYPE MARKET FORECASTS AND ANALYSIS
7.3. ORTHOTICS
7.3.1. Overview
7.3.2. Orthotics Market Forecast and Analysis
7.3.3. Upper Limb Market
7.3.3.1. Overview
7.3.3.2. Upper Limb Market Forecast and Analysis
7.3.4. Lower Limb Market
7.3.4.1. Overview
7.3.4.2. Lower Limb Market Forecast and Analysis
7.3.5. Spinal Market
7.3.5.1. Overview
7.3.5.2. Spinal Market Forecast and Analysis
7.4. PROSTHETICS
7.4.1. Overview
7.4.2. Prosthetics Market Forecast and Analysis
7.4.3. Upper Extremity Market
7.4.3.1. Overview
7.4.3.2. Upper Extremity Market Forecast and Analysis
7.4.4. Lower Extremity Market
7.4.4.1. Overview
7.4.4.2. Lower Extremity Market Forecast and Analysis
7.4.5. Liners Market
7.4.5.1. Overview
7.4.5.2. Liners Market Forecast and Analysis
7.4.6. Sockets Market
7.4.6.1. Overview
7.4.6.2. Sockets Market Forecast and Analysis
7.4.7. Modular Components Market
7.4.7.1. Overview
7.4.7.2. Modular Components Market Forecast and Analysis
8. PROSTHETICS AND ORTHOTICS MARKET - REVENUE AND FORECASTS TO 2028 - END USER
8.1. OVERVIEW
8.2. END USER MARKET FORECASTS AND ANALYSIS
8.3. HOSPITALS
8.3.1. Overview
8.3.2. Hospitals Market Forecast and Analysis
8.4. AMBULATORY SURGICAL CENTERS
8.4.1. Overview
8.4.2. Ambulatory Surgical Centers Market Forecast and Analysis
8.5. OTHERS
8.5.1. Overview
8.5.2. Others Market Forecast and Analysis
9. PROSTHETICS AND ORTHOTICS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
9.1. NORTH AMERICA
9.1.1 North America Prosthetics And Orthotics Market Overview
9.1.2 North America Prosthetics And Orthotics Market Forecasts and Analysis
9.1.3 North America Prosthetics And Orthotics Market Forecasts and Analysis - By Product Type
9.1.4 North America Prosthetics And Orthotics Market Forecasts and Analysis - By End User
9.1.5 North America Prosthetics And Orthotics Market Forecasts and Analysis - By Countries
9.1.5.1 United States Prosthetics And Orthotics Market
9.1.5.1.1 United States Prosthetics And Orthotics Market by Product Type
9.1.5.1.2 United States Prosthetics And Orthotics Market by End User
9.1.5.2 Canada Prosthetics And Orthotics Market
9.1.5.2.1 Canada Prosthetics And Orthotics Market by Product Type
9.1.5.2.2 Canada Prosthetics And Orthotics Market by End User
9.1.5.3 Mexico Prosthetics And Orthotics Market
9.1.5.3.1 Mexico Prosthetics And Orthotics Market by Product Type
9.1.5.3.2 Mexico Prosthetics And Orthotics Market by End User
9.2. EUROPE
9.2.1 Europe Prosthetics And Orthotics Market Overview
9.2.2 Europe Prosthetics And Orthotics Market Forecasts and Analysis
9.2.3 Europe Prosthetics And Orthotics Market Forecasts and Analysis - By Product Type
9.2.4 Europe Prosthetics And Orthotics Market Forecasts and Analysis - By End User
9.2.5 Europe Prosthetics And Orthotics Market Forecasts and Analysis - By Countries
9.2.5.1 Germany Prosthetics And Orthotics Market
9.2.5.1.1 Germany Prosthetics And Orthotics Market by Product Type
9.2.5.1.2 Germany Prosthetics And Orthotics Market by End User
9.2.5.2 France Prosthetics And Orthotics Market
9.2.5.2.1 France Prosthetics And Orthotics Market by Product Type
9.2.5.2.2 France Prosthetics And Orthotics Market by End User
9.2.5.3 Italy Prosthetics And Orthotics Market
9.2.5.3.1 Italy Prosthetics And Orthotics Market by Product Type
9.2.5.3.2 Italy Prosthetics And Orthotics Market by End User
9.2.5.4 Spain Prosthetics And Orthotics Market
9.2.5.4.1 Spain Prosthetics And Orthotics Market by Product Type
9.2.5.4.2 Spain Prosthetics And Orthotics Market by End User
9.2.5.5 United Kingdom Prosthetics And Orthotics Market
9.2.5.5.1 United Kingdom Prosthetics And Orthotics Market by Product Type
9.2.5.5.2 United Kingdom Prosthetics And Orthotics Market by End User
9.2.5.6 Rest of Europe Prosthetics And Orthotics Market
9.2.5.6.1 Rest of Europe Prosthetics And Orthotics Market by Product Type
9.2.5.6.2 Rest of Europe Prosthetics And Orthotics Market by End User
9.3. ASIA-PACIFIC
9.3.1 Asia-Pacific Prosthetics And Orthotics Market Overview
9.3.2 Asia-Pacific Prosthetics And Orthotics Market Forecasts and Analysis
9.3.3 Asia-Pacific Prosthetics And Orthotics Market Forecasts and Analysis - By Product Type
9.3.4 Asia-Pacific Prosthetics And Orthotics Market Forecasts and Analysis - By End User
9.3.5 Asia-Pacific Prosthetics And Orthotics Market Forecasts and Analysis - By Countries
9.3.5.1 Australia Prosthetics And Orthotics Market
9.3.5.1.1 Australia Prosthetics And Orthotics Market by Product Type
9.3.5.1.2 Australia Prosthetics And Orthotics Market by End User
9.3.5.2 China Prosthetics And Orthotics Market
9.3.5.2.1 China Prosthetics And Orthotics Market by Product Type
9.3.5.2.2 China Prosthetics And Orthotics Market by End User
9.3.5.3 India Prosthetics And Orthotics Market
9.3.5.3.1 India Prosthetics And Orthotics Market by Product Type
9.3.5.3.2 India Prosthetics And Orthotics Market by End User
9.3.5.4 Japan Prosthetics And Orthotics Market
9.3.5.4.1 Japan Prosthetics And Orthotics Market by Product Type
9.3.5.4.2 Japan Prosthetics And Orthotics Market by End User
9.3.5.5 South Korea Prosthetics And Orthotics Market
9.3.5.5.1 South Korea Prosthetics And Orthotics Market by Product Type
9.3.5.5.2 South Korea Prosthetics And Orthotics Market by End User
9.3.5.6 Rest of Asia-Pacific Prosthetics And Orthotics Market
9.3.5.6.1 Rest of Asia-Pacific Prosthetics And Orthotics Market by Product Type
9.3.5.6.2 Rest of Asia-Pacific Prosthetics And Orthotics Market by End User
9.4. MIDDLE EAST AND AFRICA
9.4.1 Middle East and Africa Prosthetics And Orthotics Market Overview
9.4.2 Middle East and Africa Prosthetics And Orthotics Market Forecasts and Analysis
9.4.3 Middle East and Africa Prosthetics And Orthotics Market Forecasts and Analysis - By Product Type
9.4.4 Middle East and Africa Prosthetics And Orthotics Market Forecasts and Analysis - By End User
9.4.5 Middle East and Africa Prosthetics And Orthotics Market Forecasts and Analysis - By Countries
9.4.5.1 South Africa Prosthetics And Orthotics Market
9.4.5.1.1 South Africa Prosthetics And Orthotics Market by Product Type
9.4.5.1.2 South Africa Prosthetics And Orthotics Market by End User
9.4.5.2 Saudi Arabia Prosthetics And Orthotics Market
9.4.5.2.1 Saudi Arabia Prosthetics And Orthotics Market by Product Type
9.4.5.2.2 Saudi Arabia Prosthetics And Orthotics Market by End User
9.4.5.3 U.A.E Prosthetics And Orthotics Market
9.4.5.3.1 U.A.E Prosthetics And Orthotics Market by Product Type
9.4.5.3.2 U.A.E Prosthetics And Orthotics Market by End User
9.4.5.4 Rest of Middle East and Africa Prosthetics And Orthotics Market
9.4.5.4.1 Rest of Middle East and Africa Prosthetics And Orthotics Market by Product Type
9.4.5.4.2 Rest of Middle East and Africa Prosthetics And Orthotics Market by End User
9.5. SOUTH AND CENTRAL AMERICA
9.5.1 South and Central America Prosthetics And Orthotics Market Overview
9.5.2 South and Central America Prosthetics And Orthotics Market Forecasts and Analysis
9.5.3 South and Central America Prosthetics And Orthotics Market Forecasts and Analysis - By Product Type
9.5.4 South and Central America Prosthetics And Orthotics Market Forecasts and Analysis - By End User
9.5.5 South and Central America Prosthetics And Orthotics Market Forecasts and Analysis - By Countries
9.5.5.1 Brazil Prosthetics And Orthotics Market
9.5.5.1.1 Brazil Prosthetics And Orthotics Market by Product Type
9.5.5.1.2 Brazil Prosthetics And Orthotics Market by End User
9.5.5.2 Argentina Prosthetics And Orthotics Market
9.5.5.2.1 Argentina Prosthetics And Orthotics Market by Product Type
9.5.5.2.2 Argentina Prosthetics And Orthotics Market by End User
9.5.5.3 Rest of South and Central America Prosthetics And Orthotics Market
9.5.5.3.1 Rest of South and Central America Prosthetics And Orthotics Market by Product Type
9.5.5.3.2 Rest of South and Central America Prosthetics And Orthotics Market by End User
10. IMPACT OF COVID-19 PANDEMIC ON GLOBAL PROSTHETICS AND ORTHOTICS MARKET
10.1 North America
10.2 Europe
10.3 Asia-Pacific
10.4 Rest of the World
11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
12. PROSTHETICS AND ORTHOTICS MARKET, KEY COMPANY PROFILES
12.1. OSSUR
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. OTTO BOCK
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. ZIMMER BIOMET HOLDINGS INC.
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. BLATCHFORD INC.
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. FILLAUER LLC
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. THE OHIO WILLOW WOOD COMPANY
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. ULTRAFLEX SYSTEMS INC.
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
1. Ossur
2. Otto bock
3. Zimmer Biomet Holdings Inc.
4. Blatchford Inc.
5. Fillauer LLC
6. The Ohio Willow Wood Company
7. Ultraflex Systems Inc.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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