Press release
Global Orthopedic Prosthetics Market will be US$ 2.72 Billion by 2025 | Renub Research
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The market for Global Orthopedic Prosthetics Market is increasing year on year according to Renub Research analysis; the market is forecasted to be US$ 2.72 Billion by the end of the year 2025. Growth factors for this market are the prevalence of diabetics and rising sports injuries. North America is leading the market as compared to other regions of the world. The use of electric-powered, conventional and hybrid orthopaedic prosthetics are driving the market. According to Renub Research analysis, electric-powered orthopaedics will have significant market share. Innovation in medical devices and increasing per capita income, as well as financial support by government and NGOs around the world, are enabling the patient to buy orthopaedic prosthetics devices without any hurdle.
The impact of COVID-19 on Global Orthopedic Prosthetics Market
The growth rate of the global orthopaedic prosthetics market has been disturbed by COVID-19 pandemic as most of the healthcare companies are investing heavily in the research and development of Coronvirus treatment. The market for Global Orthopedic Prosthetics Market will decline in the year 2020 as a result of lockdown imposed by government authorities.
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Market Summary:
By Products:
This research report covered the market and market share of following products: Upper Extremity Prosthetics, Lower Extremity Prosthetics, Prosthetic Liners and others. According to Renub Research analysis, Lower Extremity Prosthetics is dominating the market.
By Technology:
The market and market summary of Electric Powered Technology, Hybrid Technology, and Conventional Technology are given in this research report. Electric Powered Technology will grow significantly in the forecasted years.
By Regions:
The market and market summary of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are covered in this research report. According to Renub Research analysis, North America holds a significant market share.
By Company:
The company overview, recent development and sales analysis of Zimmer Biomet, Stryker Corporation, Hanger Inc., Össur and Ottobock Healthcare are given in this research report.
Industry Related Opportunity:
Hip Replacement Market: https://www.renub.com/hip-replacement-market-global-forecast-p.php
Knee Replacement Market: https://www.renub.com/knee-replacement-market-p.php
About Company:
Renub Research is a Market Research and Consulting Company. We have more than 10 years of experience especially in international Business-to-Business Researches, Surveys and Consulting. We provide wide range of business research solutions that helps companies in making better business decisions. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
Also Read: https://renub-research.hatenablog.com/entry/global-orthopedic-prosthetics-market
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