Press release
Exploring the Prosthetics & Orthotics Market: Unfolding Market Size, Key Players, and Emerging Trends
Prosthetics & Orthotics Market
What Is The Projected Market Size Of The Global Prosthetics & Orthotics Market And Its Growth Rate?
• The prosthetics & orthotics market size has grown firmly in recent years. It escalated from $8.39 billion in 2024 to $8.87 billion in 2025, recording a compound annual growth rate (CAGR) of 5.7%.
• The growth resulted from the rising prevalence of disabilities and amputations, advancements in materials and manufacturing techniques, increasing awareness and acceptance of prosthetics, healthcare infrastructure development, and growth in sports and rehabilitation.
• The market is forecasted to register strong growth to $11.24 billion in 2029 with a CAGR of 6.1%, attributable to the integration of AI and robotics in prosthetics, sustainable and eco-friendly prosthetic materials, expansion in pediatric prosthetics and orthotics, and adoption of telehealth for orthotic services.
What Is Driving The Growth In The Prosthetics & Orthotics Market?
The prosthetics and orthotics market experiences substantial growth owing to the increase in sports injuries and road accidents. Distracted driving and speeding result in road accidents, causing disabilities and necessitating prosthetics and orthotics use for recovery and restoring normal functions. National Highway Traffic Safety Administration reports state that in 2022, distracted driving caused the deaths of 3,308 individuals and injured approximately 289,310 more people in crashes. Sports injuries are primarily due to athletes' year-round participation in a single sport. In 2022, 3.6 million individuals were treated in emergency departments for sport-related injuries involving sports and recreational equipment, as per the National Security Council. Consequently, the surge in sports injuries and road accidents is expected to drive the market growth during the forecast period.
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Who Are the Key Players Driving Prosthetics & Orthotics Market Growth?
• Fillauer LLC
• Bauerfeind AG
• Otto Bock Healthcare GmbH
• Zimmer Biomet Holdings Inc.
• Blatchford Limited
• Ability Matters Group Ltd.
• Steeper Inc.
• Össur hf
• WillowWood Global LLC
• Ultraflex Systems Inc.
• Hanger Inc.
• Mobius Bionics LLC
• Ohio Willow Wood Co.
• Esper Bionics Inc.
• ToughWare Prosthetics Inc.
• College Park Industries Inc.
• Hosmer Dorrance Corporation
• Kingsley Manufacturing Company
• Mica Manufacturing Company
• Carbon Copy Pathfinder
• Proteor SA
• Seattle Systems Company
• Bhagwan Mahaveer Viklang Sahayata Samiti
• Endolite Ltd.
• Freedom Innovations LLC
• Spinal Technology LLC
• Trulife Group Limited
• Fillauer Europe AB
• Ortho Europe Abingdon Ltd.
What Are The Key Trends In The Prosthetics & Orthotics Market?
Noteworthy trends in the forecast period include:
• Neurological-controlled prosthetics
• Regulatory compliance in prosthetic safety and standards
• Smart prosthetics with sensory feedback
• Personalized prosthetic solutions for individual needs
• Transparency in prosthetic pricing and insurance
What Are The Segments Of The Global Prosthetics & Orthotics Market?
1) By Type: Prosthetics, Orthotics
2) By Category: Upper limb, Lower limb, Spinal
3) By Technology: Conventional, Electric-Powered, Hybrid Orthopedic Prosthetics
4) By Application: Hospitals, Clinics, Rehabilitation Centers, Other Applications
Which Region Leads The Prosthetics & Orthotics Market?
North America was the largest region in the prosthetics orthotics market in 2024. However, the Asia-Pacific is projected to be the fastest-growing region during the forecast period. The report covers regions including Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.
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What Is Covered In The Prosthetics & Orthotics Market Global Market Report?
- Market Size Analysis: Analyze the Prosthetics & Orthotics Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the Prosthetics & Orthotics Market for effective categorization.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall Prosthetics & Orthotics Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the Prosthetics & Orthotics Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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