Orthopedic Prosthetics Market 2023 - Growth Factors, Business Developments, Industry Segmentation, Future Technologies And Outlook By 2032

The Business Research Company's Orthopedic Prosthetics Market Report 2023 identifies increasing number of trauma cases as the major driver for the Orthopedic Prosthetics Market's growth in the forecast period. The trauma cases and accidental injuries are caused by various factors such as road accidents, sports injuries, other medical complications, and work-related accidents. Most of these injuries may require amputations and prosthetic devices to replace the lost body part. For instance, 2.1 million people are living with limb loss in the USA, and that number is expected to double by 2050.
The global orthopedic prosthetics market size will grow from $1.86 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The orthopedic prosthetics market size is expected to grow to $2.42 billion in 2027 at a CAGR of 5.4%.

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Major competitors in the Orthopedic Prosthetics Market are Otto Bock HealthCare GmbH, Blatchford Ltd., Zimmer Biomet Inc., DePuy Synthes, Stryker Corporation.
A key trend in the Orthopedic Prosthetics Market includes technological advancement. The acquisition would make Hanger a private company and help it better serve its customers and continue its growth. Hanger inc is a US-based manufacturer of Orthotic and prosthetic patient care services and solutions.

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The Orthopedic Prosthetics Market is segmented -
• By Product Type: Upper Extremity Prosthetics, Lower Extremity Prosthetics, Sockets, Other Products
• By End Users: Hospitals, Prosthetic Clinics, Rehabilitation Center, Other End Users
• By Technology: Conventional orthopedic prosthetics, Electric-powered orthopedic prosthetics, Hybrid orthopedic prosthetics
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Orthopedic Prosthetics Market.

The Business Research Company's "Global Orthopedic Prosthetics Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.

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The Table Of Content For The Orthopedic Prosthetics Market Include:
1. Executive Summary
2. Orthopedic Prosthetics Market Characteristics
3. Orthopedic Prosthetics Market Trends And Strategies
4. Orthopedic Prosthetics Market - Macro Economic Scenario
5. Orthopedic Prosthetics Market Size And Growth
……………………………………….
26. Africa Orthopedic Prosthetics Market
27. Orthopedic Prosthetics Market Competitive Landscape And Company Profiles28. Key Mergers And Acquisitions In The Orthopedic Prosthetics Market
29. Orthopedic Prosthetics Market Future Outlook and Potential Analysis
30. Appendix

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