Orthopedic Prosthetics Market Growth Analysis, Demand, Overview and Top Players Blatchford Group, Touch Bionics Inc., The Ohio Willow Wood Co., Össur, Ottobock

Orthopedic Prosthetics Market analysis report adoption plays an essential role for the business growth as it supports with the better decision making, enhancing revenue generation, prioritizing market goals and results in profitable business. Requirements of industry have been understood at the fullest to endow them with the finest Orthopedic Prosthetics Market research report. This business report is a great resource providing current as well as upcoming technical and financial details of the industry for the forecast period. In this swiftly revolutionizing industry, market research or secondary research is the best approach to collect the information quickly and hence the market research report is vital.

Global Orthopedic Prosthetics Market is expected to rise from its initial estimated value of USD 2.11 billion is 2018 to an estimated value of USD 3.24 billion by 2026, registering a CAGR of 5.5% in the forecast period of 2019-2026. This rise in market value can be attributed to the increasing number of amputations leading to use of orthopedic prosthetic devices.

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Few of the major competitors currently working in the orthopedic prosthetics market are

Blatchford Group (UK),

Touch Bionics Inc. (US),

The Ohio Willow Wood Co. (US),

Össur (Iceland),

Ottobock  (Germany),

Fillauer LLC. (US),

Advanced Arm Dynamics, inc. (US),

Smith and Nephew (UK),

Touch Bionics Inc (US).,

Zimmer Boimet Holdings Inc. (US),

Stryker Corp (US),

DePuy Synthes (US),

Blatchford Ortopedi AS (Norway),

Exactech, Inc (US),

Globus Medical Inc, (US),

RTI Surgical Inc (US),

Wright Medical Group N.V.,(US),

Johnson & Johnson Services, Inc. (US),

Arthrex Inc,(US),

AlloSource (US),

others.

Global Orthopedic Prosthetics Market By Product Type (Upper Extremity Prosthetics (Hand Prosthetics, Elbow Prosthetics, Shoulder Prosthetics), Lower Extremity Prosthetics (Foot & Ankle Prosthetics, Knee Prosthetics, Hip Prosthetics), Liners, Sockets, Modular Components); Technology (Manual Prosthetics, Electric Powered Prosthetics, Hybrid Prosthetics); End User (Hospitals, Clinics, Rehabilitation Centers, and Others), Geography (North America, South America, Europe, Asia-Pacific, Middle East and Africa) – Industry Trends & Forecast to 2026

Key Developments in the Market:

In April 2019, Scheck & Siress announces the acquisition of Ballert Orthopedic. Ballert Orthopedic has89-years history as a leader in orthotics and prosthetics.  This will enhance Scheck’s ability to deliver best-in-class, convenient O&P care throughout the Chicago area.
In March 2019, Exactech acquires XpandOrtho. XpandOrtho is a designer of soft tissue balancing instruments for knee replacement surgery. Focus of this acquisition is to support Exactech’s growth strategy and commitment to improving surgeon experience and patient outcomes.

Competitive Analysis: Global Orthopedic prosthetics Market 

Global orthopedic prosthetics market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of orthopedic prosthetics market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.

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.

According to Stanford Children’s Health, there were an estimated 3.5 million sports injuries occurred, this significant number is expected to act as a driver to the market growth.

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In this era of globalization, the entire world is the marketplace and hence businesses are inclined to adopt such Global Orthopedic Prosthetics Market research report. This global market report studies the Orthopedic Devices industry at regional, local and international level by considering major geographical areas. The industry report also endows with complete background analysis of the industry which includes an assessment of the parental market. Besides, this global market report is structured based on the market type, size of the organization, availability on-premises and end-users’ organization type, and the availability in areas such as North America, South America, Europe, Asia-Pacific and Middle East & Africa.

Market Drivers

There is rise in number of amputations leading to use of orthopedic prosthetic devices is also expected to act as a driver to the market growth
Technological advancement in developing prosthetic devices is driving the market.

Market Restraints

High amount of costing of these equipment is expected to act as a restraint to the market growth

Segmentation: Global Orthopedic prosthetics Market 

By Product Type

Upper Extremity Prosthetics
Hand Prosthetics
Elbow Prosthetics
Shoulder Prosthetics
Lower Extremity Prosthetics
Foot & Ankle Prosthetics
Knee Prosthetics
Hip Prosthetics
Liners
Sockets
Modular Components

By Technology

Manual Prosthetics
Electric Powered Prosthetics
Hybrid Prosthetics

By End User

Hospitals
Clinics
Rehabilitation Centers
Others

By Geography

North America
Canada
Mexico
South America
Brazil
Argentina
Rest of South America
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Turkey
Belgium
Netherlands
Switzerland
Rest of Europe
Asia-Pacific
Japan
China
South Korea
India
Australia
Singapore
Thailand
Malaysia
Indonesia
Philippines
Rest of Asia Pacific
Middle East & Africa
South Africa
Egypt
Saudi Arabia
United Arab Emirates
Israel
Rest of Middle East & Africa

Reasons to Purchase this Report

Current and future of global orthopedic prosthetics market outlook in the developed and emerging markets
The segment that is expected to dominate the market as well as the segment which holds highest CAGR in the forecast period
Regions/Countries that are expected to witness the fastest growth rates during the forecast period
The latest developments, market shares, and strategies that are employed by the major market players

Customization of the Report:

All segmentation provided above in this report is represented at country level
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization)

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