Orthopedic Prosthetics Market 2018: Global Industry Top Key Players Ohio Willow Wood, Stryker, Zimmer Biomet, Smith & Nephew, Advanced Arm Dynamics, Fillauer, Otto Bock, Össur, Touch Bionics Inc., Blatchford

The key players of the Orthopedic Prosthetics Market are making moves like product launches, joint ventures, developments, merges and accusations which is affecting the Orthopedic Prosthetics Market and Medical Devices Industry as a whole and also affecting the sales, import, export, revenue and CAGR values.

We at Data Bridge Market Research take the help of Porter's Five Forces Analysis that explains what the threats of new entrants, threat of substitutes, bargaining power of customers, bargaining power of suppliers, and Industry rivalry to the organizations are.

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Market Definition: Global Orthopedic Prosthetics Market

Orthopedic Prosthetics is an artificial replacement or substitute of bones in different parts of the body. The typical orthopedic prosthetic devices are for hip, knee, elbow, ankle, leg among others.

Major market drivers and restraints: Global Orthopedic Prosthetics Market

• Rising number of amputations leading to use of orthopedic prosthetic devices
• Technological advancement in developing prosthetic devices
• Weak reimbursement policies
• High cost of devices and hence low adoption rate

Market Segmentation: Global Orthopedic Prosthetics Market

• By product type the market for Orthopedic Prosthetics is segmented into upper extremity prosthetics, lower extremity prosthetics, liners, sockets, and modular components. The upper extremity prosthetics segment is further sub-segmented into hand prosthetics, elbow prosthetics, shoulder prosthetics and lower extremity prosthetics segment is sub-segmented into foot & ankle prosthetics, knee prosthetics, hip prosthetics.

• By technology the Orthopedic Prosthetics market is segmented into manual prosthetics, electric powered prosthetics, and hybrid prosthetics.

• On the basis of end-users the Orthopedic Prosthetics market is segmented into hospitals, clinics, rehabilitation centers, and others.

• On the basis of geography, Orthopedic Prosthetics market report covers data points for 28 countries across multiple geographies such as North America & South America, Europe, Asia-Pacific, and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, North America is expected to dominate the market.

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Competitive Analysis: Global Orthopedic Prosthetics Market

The Orthopedic Prosthetics market is highly fragmented and is based on new product launches and clinical results of products. Hence the major players have used various strategies such as new product launches, clinical trials, market initiatives, high expense on research and development, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of mass spectrometry market for global, Europe, North America, Asia Pacific and South America.

Market Analysis: Global Orthopedic Prosthetics Market

The Orthopedic Prosthetics Market accounted to USD 1.9 billion in 2016 growing at a CAGR of 5.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

Major Market Competitors: Global Orthopedic Prosthetics Market

Blatchford Ltd.,
Touch Bionics Inc.,
The Ohio Willow Wood Co.,
Össur,
Otto Bock HealthCare GmbH,
Fillauer,
Advanced Arm Dynamics,
Smith and Nephew plc,
Biomet Inc.,
Zimmer Holdings Inc.,
Stryker Corp.,
Among others

Frequently Asked Questions:

- What will the market size be in 2024?
- What are the key factors driving the global market?
- What are the challenges to market growth?
- Who are the key players in the market?
- What are the market opportunities and threats faced by the key players?
- What will be the growth rate in 2024?
- Which strategies are used by top players in the Global Orthopedic Prosthetics Market?

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