Orthopedic Prosthesis Devices Market to Showcase Robust Growth in the Upcoming Years | Major players: Ottobock, Boston Orthotics & Prosthetics, LeTourneau Prosthetics and Orthotics, Advanced Arm Dynamics, TASKA Prosthetics, NAKED PROSTHETICS, Steeper Inc,

Global orthopedic prosthesis devices market was valued at USD 2.22 billion in 2021, growing at a CAGR of 5.84% during the forecast period from 2023 to 2028 to reach USD 3.10 billion by 2028.

Factors such as the growing prevalence of lifestyle disorders such as diabetes, rising number of trauma cases, the increasing number of sports-related injuries, and technological advancements in product development among other factors are expected to drive the orthopedic prosthesis devices market.

DelveInsight's "Orthopedic Prosthesis Devices Market Insight & Forecast" report will offer an in-depth understanding of the Orthopedic Prosthesis Devices market, further benefiting the competitors or stakeholders operating in the Orthopedic Prosthesis Devices arena.

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Orthopedic Prosthesis Devices Overview

Orthopedic prosthetic devices are artificial structures designed to replace or augment a missing or impaired part of the musculoskeletal system, particularly in the field of orthopedic surgery. These devices are used to restore function, mobility, and improve the quality of life for individuals who have experienced limb loss, joint damage, or musculoskeletal abnormalities. Here are some common types of orthopedic prosthetic devices:
Joint Prostheses:
Hip Replacement: Total hip replacement involves replacing the damaged hip joint with a prosthetic implant made of metal, ceramic, or plastic components.
Knee Replacement: Total knee replacement is a surgical procedure in which the damaged knee joint is replaced with an artificial implant, typically made of metal and plastic.
Limb Prostheses:
Below-Knee (BK) Prosthesis: Also known as a transtibial prosthesis, this type of device is used to replace a below-knee amputated limb.
Above-Knee (AK) Prosthesis: Also called a transfemoral prosthesis, it replaces an above-knee amputated limb.
Below-Elbow (BE) Prosthesis: For individuals with below-elbow amputations.
Above-Elbow (AE) Prosthesis: For individuals with above-elbow amputations.
Foot and Ankle Prostheses:
Ankle-Foot Prosthesis: Designed to replace the foot and ankle joint, providing support and mobility.
Partial Foot Prosthesis: For individuals who have lost part of their foot but retain some natural foot function.
Spinal Prostheses:
Spinal Disc Replacement: Involves replacing a damaged intervertebral disc in the spine with an artificial disc to maintain motion and reduce pain.
Vertebral Body Replacement: Used to replace a damaged vertebral body in the spine.
Shoulder and Elbow Prostheses:
Shoulder Joint Replacement: Used to replace a damaged shoulder joint with a prosthetic implant.
Elbow Joint Replacement: For individuals with severe elbow joint damage, a prosthetic implant may be used.
Craniofacial Prostheses:
Facial Prostheses: Custom-made prosthetic devices used to restore facial features for individuals who have lost facial structures due to trauma, surgery, or congenital conditions.
These prosthetic devices are often customized to fit the specific needs and anatomy of each individual. Advances in materials and technology have led to improvements in the design, durability, and functionality of orthopedic prosthetic devices, enhancing the overall quality of life for those who use them. The fitting and adjustment of these devices are typically done by orthopedic surgeons, prosthetists, and other healthcare professionals with expertise in the field.

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Orthopedic Prosthesis Devices Market Drivers

Factors such as the growing prevalence of lifestyle disorders such as diabetes, rising number of trauma cases, the increasing number of sports-related injuries, and technological advancements in product development among other factors are expected to drive the orthopedic prosthesis devices market.

Orthopedic Prosthesis Devices Market Insights

Among all the regions, North America is expected to account for the significant market share in the orthopedic prosthetics market. North America is estimated to account for the dominant market share because of the increasing prevalence of osteosarcoma, high number of sports-related injuries, increasing prevalence of peripheral artery disease, as well as high awareness among people regarding disease management and ability to afford such devices and among other factors in the region.

One of the key factors supporting the growth of the North American orthopedic prosthesis devices market is the high prevalence of peripheral artery disease (PAD) in the North American countries, particularly the United States. As per the data provided by the Centers for Disease Control and Prevention (2021), near about 6.5 million Americans in the age group 40 and over suffer from PAD. People with advanced stages of PAD are at risk for amputation, more specifically of the lower limbs. Thus, the growing patient population of PAD in the country may result in increasing cases of lower limb amputations, thereby driving the product demand in the United States orthopedic prosthetics market.

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Orthopedic Prosthesis Devices Companies

Some of the key market players operating in the orthopedic prosthesis devices market includes Ottobock, Boston Orthotics & Prosthetics, LeTourneau Prosthetics and Orthotics, Advanced Arm Dynamics, TASKA Prosthetics, NAKED PROSTHETICS, Steeper Inc, Össur, medi GmbH & Co. KG, Orthotic & Prosthetic Lab, Inc, BioMetrics Prosthetic and Orthotic CT, Trulife, INTEGRUM, Mobius Bionics, Open Bionics, Blatchford Limited, inMotion Prosthetics and Orthotics, SYNERGY PROSTHETICS, Motorica LLC, WillowWood Global LLC and others.

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Table of Contents

1. Orthopedic Prosthesis Devices Market Report Introduction
2. Orthopedic Prosthesis Devices Market Executive Summary
3. Regulatory and Patent Analysis
4. Orthopedic Prosthesis Devices Market Key Factors Analysis
5. Orthopedic Prosthesis Devices Market Porter's Five Forces Analysis
6. COVID-19 Impact Analysis on Orthopedic Prosthesis Devices Market
7. Orthopedic Prosthesis Devices Market Layout
8. Orthopedic Prosthesis Devices Market Global Company Share Analysis - Key 3-5 Companies
9. Orthopedic Prosthesis Devices Market Company and Product Profiles
10. Project Approach
11. KOL Views
12. DelveInsight Capabilities
13. Disclaimer
14. About DelveInsight

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