Orthopedic Prosthesis Devices Market Set for Steady Expansion by 2032, Driven by Innovation and Growing Surgical Volumes | DelveInsight

The orthopedic prosthesis devices market was valued at USD 2.11 billion in 2023 and is projected to reach approximately USD 2.96 billion by 2030, expanding at a compound annual growth rate (CAGR) of 5.88% from 2024 to 2030. This market is witnessing robust growth primarily due to the rising incidence of lifestyle-related conditions such as diabetes, a growing number of trauma cases from road accidents, and an increase in sports-related injuries. These factors are collectively driving the demand for orthopedic prosthetic devices throughout the forecast period.

DelveInsight's Orthopedic Prosthesis Devices Market Insights report provides the current and forecast market analysis, individual leading Orthopedic Prosthesis Devices companies' market shares, challenges, Orthopedic Prosthesis Devices market drivers, barriers, and trends, and key Orthopedic Prosthesis Devices companies in the market.

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Key Takeaways from the Orthopedic Prosthesis Devices Market Report

The Orthopedic Prosthesis Devices market is projected to grow at a moderate CAGR from 2025 to 2032.
As per DelveInsight estimates, North America is anticipated to dominate the global Orthopedic Prosthesis Devices market during the forecast period.
Notable Orthopedic Prosthesis Devices companies such as 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 several others are currently operating in the Orthopedic Prosthesis Devices market.
In March 2024, Proteor introduced the SYNSYS full-leg system, which incorporates hydraulic kinetic coupling and triple flexion at the hip, knee, and ankle joints to enhance mobility.
In December 2022, NYU Langone Health successfully performed its first surgeries using the only FDA-approved implantable prosthetic for individuals with limb loss available in the greater New York City area. This procedure, known as osseointegration, aims to improve the prosthetic-limb connection and overall quality of life for amputees.
In January 2022, Copper3D partnered with Prótesis 3D to manufacture orthopedic implants infused with antimicrobial copper. This collaboration led to the production of over 200 prosthetic devices for children with disabilities from underprivileged backgrounds.


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Orthopedic Prosthesis Devices Overview

Orthopedic prosthesis devices are artificial implants designed to replace or support damaged or missing bones and joints, helping restore mobility and improve the quality of life for individuals with musculoskeletal impairments. These devices are critical in the treatment of patients with traumatic injuries, degenerative diseases, or congenital conditions affecting bones, joints, and limbs.

Orthopedic Prosthesis Devices Market Insights

North America is projected to capture a substantial share of the orthopedic prosthesis devices market revenue during the forecast period from 2024 to 2030. This dominance is primarily driven by a growing number of joint replacement procedures, continuous technological advancements in prosthetic devices, and increasing regulatory approvals that support market expansion across the region.

According to 2024 data from the American Academy of Orthopaedic Surgeons, over 700,000 total knee replacement surgeries are performed annually in the United States. Additionally, the Arthritis Society Canada (2022) reported that gout-recognized as the most common form of inflammatory arthritis-affects around 1 million Canadians. The condition is more prevalent among men, impacting roughly 4% of males and 1% of females, with the knee being the joint most frequently involved. These statistics highlight the rising orthopedic needs in the region, further fueling the demand for prosthetic solutions.


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Orthopedic Prosthesis Devices Market Dynamics

According to the International Diabetes Federation (2022), approximately 537 million adults aged 20 to 79 were living with diabetes in 2021, representing nearly 1 in 10 people worldwide. This figure is projected to rise to 643 million by 2030 and further escalate to 783 million by 2045. Notably, over 75% of these individuals reside in low- and middle-income countries. Additionally, around 541 million adults were reported to have Impaired Glucose Tolerance (IGT), placing them at increased risk of developing type 2 diabetes. Orthopedic prosthesis devices play a vital role in addressing diabetes-related complications, particularly in the prevention and management of foot and limb issues. In severe cases involving diabetic foot ulcers or infections, these devices assist in limb salvage or support post-amputation rehabilitation. Prosthetic limbs are crucial for restoring functionality and enhancing the overall quality of life for amputees.

Furthermore, data from the World Health Organization's 2023 factsheet on road traffic injuries highlights that such accidents are the leading cause of death among children and young adults aged 5 to 29. It also indicates that approximately 20 to 50 million people globally suffer non-fatal injuries in road accidents each year, many of which lead to long-term disabilities due to bone fractures and joint dislocations.

Orthopedic Prosthesis Devices Market Drivers:

Increasing prevalence of lifestyle disorders like diabetes
Increasing instances of trauma cases resulting from road traffic accidents
Rising number of sports-related injuries that are acting as major factors contributing to the overall growth of the orthopedic prosthesis devices

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Coverage: Global
Study Period: 2022 to 2032
Key Orthopedic Prosthesis Devices Companies: 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. Competitive Landscape
4. Regulatory Analysis
5. Orthopedic Prosthesis Devices Market Key Factors Analysis
6. Orthopedic Prosthesis Devices Market Porter's Five Forces Analysis
7. Orthopedic Prosthesis Devices Market Layout
8. Orthopedic Prosthesis Devices Market Company and Product Profiles
9. KOL Views
10. Project Approach
11. About DelveInsight
12. Disclaimer & Contact Us

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