Key Factor Supporting Prosthetics & Orthotics Market Development in 2025: Demand For Prosthetics And Orthotics Expected To Surge Due To Increase In Sports Injuries And Road Accidents

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How Large Will the Prosthetics & Orthotics Market Size By 2025?
The size of the prosthetics & orthotics market has seen consistent expansion in the past few years. It is projected to rise from $8.39 billion in 2024 to $8.8 billion in 2025 with a compound annual growth rate (CAGR) of 4.9%. The uptick in growth during the historical period is likely due to an increase in disabilities and amputations, technological advancements in materials and manufacturing methods, heightened awareness and acceptance of prosthetics, the development of healthcare infrastructure, as well as growth in the sports and rehabilitation sectors.

How Big Is the Prosthetics & Orthotics Market Size Expected to Grow by 2029?
The market size for prosthetics and orthotics is projected to experience robust expansion in the immediate future, rising to a substantial $11.2 billion by 2029 at a Compound Annual Growth Rate (CAGR) of 6.2%. Several factors contribute to this growth within the forecast period, including the advent of patient-tailored prosthetic solutions, the incorporation of artificial intelligence and robotics in prosthetics, the use of sustainable and environment-friendly materials for prosthetics, growth in the field of pediatric prosthetics and orthotics, as well as the embracing of telehealth for orthotic services. Notable trends predicted to grace the forecast period are neurological-controlled prosthetics, adherence to regulations regarding prosthetic safety and standards, intelligent prosthetics equipped with sensory feedback, individually tailored prosthetic solutions, and openness in the pricing and insurance of prosthetics.

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Which Key Market Drivers Powering Prosthetics & Orthotics Market Expansion and Growth?
The prosthetics and orthotics market is significantly propelled by the rise in sports-related injuries and road accident incidents. Road accidents often occur due to distractions while driving and excessive speed, leading to numerous disabilities that require the application of prosthetics and orthotics for rehabilitation and resumption of regular daily activities. For example, a report released by the US-based National Highway Traffic Safety Administration in April 2024 indicated that distracted driving resulted in the death of 3,308 individuals and injured approximately 289,310 more in 2022. In addition, the predominant source of sports injuries is the continuous engagement of athletes in a single sport, leading to an increased injury rate. Moreover, the National Security Council, America's nonprofit safety champion, reported that 3.6 million individuals received treatment in emergency departments due to injuries from sports and recreational equipment in the US in 2022. Consequently, the escalating instances of sports injuries and road accidents are projected to enhance demand for prosthetics and orthotics in the future.

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What Are the Key Trends Driving Prosthetics & Orthotics Market Growth?
The emergence of technological advancement is a prominent trend that's making waves in the prosthetics and orthotics industry. Prominent enterprises in this sector are heavily investing in the distribution of technologically progressive products to solidify their standing within the market. These firms are taking a futuristic approach by integrating cutting-edge technologies such as automation, AI, microprocessors, neuromuscular signal technology, and sensory control into their products and related services, with the aim of facilitating smoother, more natural movements and functionality. For instance, in February 2022, Ossur, an Iceland-based company specializing in orthotics and prosthetics, unveiled their product, dubbed POWER KNEE. This ground-breaking product is the first actively powered microprocessor prosthetic knee, designed specifically for individuals with limb differences or above-knee amputations. The key feature of POWER KNEE is its ability to generate motion by providing active powered assistance, whilst simultaneously identifying whether the user is sitting, standing, or walking on varying surfaces, inclines, or declines.

What Are the Emerging Segments in the Prosthetics & Orthotics Market?
The prosthetics & orthotics market covered in this report is segmented -

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

Subsegments:
1) By Prosthetics: Lower Limb Prosthetics, Upper Limb Prosthetics, Cosmetic Prosthetics, Hybrid Prosthetics, Pediatric Prosthetics
2) By Orthotics: Ankle-Foot Orthoses (AFO), Knee-Brace Orthoses, Spinal Orthoses, Wrist-Hand Orthoses (WHO), Custom Orthotics

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Who Are the Global Leaders in the Prosthetics & Orthotics Market?
Major companies operating in the prosthetics & orthotics market include 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.

Which are the Top Profitable Regional Markets for the Prosthetics & Orthotics Industry?
North America was the largest region in the prosthetics orthotics market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the prosthetics orthotics market share during the forecast period. The regions covered in the prosthetics & orthotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

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