Press release
Orthotics & Prosthetics Market Expected to Grow from $7.6 Billion in 2024 to $15.3 Billion by 2034 at 7.2% CAGR | Overall Study Report
Orthotics & Prosthetics Market
Market Size, Share & Demand Analysis:
The Orthotics & Prosthetics Market is anticipated to grow from $7.6 billion in 2024 to $15.3 billion by 2034, representing a CAGR of approximately 7.2%. In 2024, the market recorded a volume of roughly 150 million units, projected to reach 200 million units by 2028. The prosthetics segment commands a market share of 55%, fueled by increasing incidences of limb loss due to diabetes and vascular diseases. Orthotics hold a 45% share, driven by rising musculoskeletal disorders and an aging population. Technological advancements, especially in 3D printing and microprocessor-based prosthetic knees, are driving growth, offering enhanced customization, comfort, and functionality. The Orthotics & Prosthetics Market is witnessing strong demand across hospitals, clinics, rehabilitation centers, and home care settings.
Click to Request a Sample of this Report for Additional Market Insights:
https://www.globalinsightservices.com/request-sample/?id=GIS21179
Key Players:
• Ossur
• Blatchford
• Ottobock
• Fillauer
• Willow Wood
• Touch Bionics
• Spinal Technology
• Naked Prosthetics
• College Park Industries
• Trulife
• Proteor
• Steeper Group
• Becker Orthopedic
• RSLSteeper
• Ability Dynamics
• Coyote Design
• Medi USA
• Ortho Europe
• Freedom Innovations
Market Segmentation:
• Type Orthotics, Prosthetics
• Product Lower Limb Prosthetics, Upper Limb Prosthetics, Spinal Orthotics, Upper Extremity Orthotics, Lower Extremity Orthotics
• Services Custom Fabrication, Fitting Services, Repair and Maintenance, Consultation Services
• Technology 3D Printing, CAD/CAM, Microprocessor Knees, Myoelectric Technology
• Component Sockets, Knees, Feet, Ankles, Joints
• Application Trauma Cases, Congenital Conditions, Vascular Disease, Neuromuscular Disorders
• Material Type Carbon Fiber, Thermoplastics, Foam, Silicone
• Device Braces, Artificial Limbs
• End User Hospitals, Clinics, Rehabilitation Centers, Home Care Settings
• Functionality Passive Prosthetics, Active Prosthetics
Buy Now and Get a 25% Discount on this Report @ https://www.globalinsightservices.com/checkout/single_user/GIS21179/
Market Dynamics:
Technological innovation is the key driver in the Orthotics & Prosthetics Market. Advanced materials like carbon fiber, silicone, and thermoplastics, along with AI-driven customization, are enhancing device performance and user comfort. The rising elderly population worldwide contributes significantly to market expansion, as age-related conditions often necessitate orthotic or prosthetic interventions. Furthermore, favorable reimbursement policies, government initiatives, and growing healthcare awareness are increasing adoption. However, the market faces challenges, including high device costs, scarcity of skilled professionals, regulatory complexities, and regional disparities in access and awareness, which can impede growth.
Key Players Analysis:
Prominent players in the Orthotics & Prosthetics Market include Ossur, Ottobock, Hanger Inc., Blatchford, and WillowWood. These companies maintain substantial market shares through product diversification, strategic partnerships, and continuous research and development. Recent developments include Ottobock's collaboration with Microsoft to integrate AI into prosthetic devices, Össur's acquisition of orthopedic bracing companies, and Hanger Clinic's launch of sensor-enabled prosthetic limbs. Such innovations are strengthening market positions while driving advancements in functionality, user experience, and accessibility.
Regional Analysis:
North America dominates the Orthotics & Prosthetics Market, driven by advanced healthcare infrastructure, high R&D investment, and a growing aging population, with the United States leading overall growth. Europe ranks second, supported by technological innovation and favorable reimbursement frameworks, particularly in Germany and France. Asia Pacific is experiencing rapid expansion, led by countries such as China and India, owing to rising healthcare awareness, government initiatives, and increasing disposable income. Latin America, primarily Brazil and Mexico, is witnessing steady growth due to improved healthcare infrastructure, while the Middle East and Africa are gradually emerging as key markets, driven by increasing healthcare expenditure and government support.
Browse Full Report @ https://www.globalinsightservices.com/reports/prosthetics-and-orthotics-market/
Recent News & Developments:
The Orthotics & Prosthetics Market has seen strategic developments, including AI integration into prosthetic devices, acquisitions to expand portfolios, and sensor-based innovations enhancing user interaction. Regulatory updates from agencies like the FDA aim to accelerate approvals for smart prosthetic devices. Venture capital investments in startups specializing in advanced prosthetic technologies further signal strong market growth. Additionally, 3D printing adoption has transformed customization capabilities, reduced production timelines, and expanded access to advanced prosthetics.
Scope of the Report:
The Orthotics & Prosthetics Market report provides a comprehensive analysis, covering market forecast, competitive landscape, key drivers, trends, restraints, and opportunities. It assesses market dynamics across type, application, technology, and region, offering insights into local consumer behavior, regulatory environments, and competitor positioning. Strategic evaluations include mergers, acquisitions, product launches, collaborations, and R&D initiatives. This detailed scope empowers stakeholders to make informed decisions, mitigate risks, and capitalize on emerging opportunities in the global Orthotics & Prosthetics Market.
Discover Additional Market Insights from Global Insight Services:
Herceptin Market:
https://www.globalinsightservices.com/reports/herceptin-market/
Keytruda Market:
https://www.globalinsightservices.com/reports/keytruda-market/
Medical Device Clinical Trials Market:
https://www.globalinsightservices.com/reports/medical-device-clinical-trials-market/
Medical Gas Outlet Market:
https://www.globalinsightservices.com/reports/medical-gas-outlet-market/
Medical Implants Market:
https://www.globalinsightservices.com/reports/medical-implant-market/
Contact Us:
Global Insight Services LLC
16192, Coastal Highway, Lewes, DE 19958
E-mail: info@globalinsightservices.com
Phone: +1-833-761-1700
Website: https://www.globalinsightservices.com/
About Us:
Global Insight Services (GIS) is a leading multi-industry market research firm headquartered in Delaware, US. We are committed to providing our clients with highest quality data, analysis, and tools to meet all their market research needs. With GIS, you can be assured of the quality of the deliverables, robust & transparent research methodology, and superior service.
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Orthotics & Prosthetics Market Expected to Grow from $7.6 Billion in 2024 to $15.3 Billion by 2034 at 7.2% CAGR | Overall Study Report here
News-ID: 4233989 • Views: …
More Releases from Global Insight Services
Monopolar Electrosurgery Instrument Market Expected to Grow from $2.6 Billion in …
The Monopolar Electrosurgery Instrument Market is witnessing significant growth, fueled by advancements in surgical techniques and the increasing adoption of minimally invasive procedures. These instruments, designed to deliver monopolar electrical currents, are essential for cutting, coagulating, desiccating, and fulgurating tissues during surgery. The market encompasses a broad range of products, including monopolar forceps, electrodes, generators, cords, and cables, catering to multiple surgical specialties. Growing technological integration, rising surgical procedures, and…
Green Ammonia Market Is Anticipated To Expand From $0.7 Billion In 2024 To $55.6 …
Market Overview
The Green Ammonia Market is emerging as a cornerstone in the global transition toward sustainable energy systems. Valued at approximately $0.7 billion in 2024, the market is projected to soar to $55.6 billion by 2034, growing at an impressive CAGR of nearly 54.9%. Green ammonia is produced using renewable energy sources such as solar, wind, and hydropower, unlike conventional ammonia derived from fossil fuels. This environmentally friendly alternative is…
GPU as a Service (GPUaaS) Market Is Anticipated To Expand From $5.6 Billion In 2 …
Market Overview
The GPU as a Service (GPUaaS) Market is rapidly evolving as organizations worldwide embrace high-performance computing to power artificial intelligence (AI), machine learning (ML), big data analytics, and complex visualization workloads. The market enables access to cloud-based GPU resources, allowing businesses to process intensive tasks without heavy capital investment in physical infrastructure. As industries pivot towards digital transformation, GPUaaS has emerged as a vital enabler for scalable, cost-effective computing…
Pen Needles Market is anticipated to expand from $3.5 billion in 2024 to $6.8 bi …
Market Overview
Pen Needles Market is experiencing significant growth as diabetes prevalence rises globally and patients increasingly seek convenient, safe, and effective insulin delivery methods. Pen needles, small disposable needles used with pen injectors, are essential for administering medications such as insulin, glucagon, and growth hormones. The market encompasses a variety of products, ranging in needle gauge, length, and technology, designed to improve patient comfort, safety, and adherence to treatment. Increasing…
More Releases for Ortho
Global High Ortho-phthalates Sales Market Size by Application, Type, and Geograp …
USA, New Jersey- According to Market Research Intellect, the global High Ortho-phthalates Sales market in the Internet, Communication and Technology category is projected to witness significant growth from 2025 to 2032. Market dynamics, technological advancements, and evolving consumer demand are expected to drive expansion during this period.
The High Ortho-phthalates sales market is experiencing significant growth due to the expanding demand for plasticizers in various industries, such as automotive, construction, and…
Ortho and Osteobiologics Market Size and Forecast
𝐔𝐒𝐀, 𝐍𝐞𝐰 𝐉𝐞𝐫𝐬𝐞𝐲- The global Ortho and Osteobiologics Market is expected to record a CAGR of XX.X% from 2024 to 2031 In 2024, the market size is projected to reach a valuation of USD XX.X Billion. By 2031 the valuation is anticipated to reach USD XX.X Billion.
The impact of manufacturers on the market is significant across various industries, influencing supply chains, consumer choices, and economic growth. Manufacturers are key players…
Advanced Orthodontic Care at Quest Ortho!
At Quest Ortho, we're excited to remind you of our unwavering commitment to your orthodontic care and comfort. We proudly offer a suite of cutting-edge technologies, ensuring you receive the most effective and efficient orthodontic care available.
Our mission is to keep you informed about the advanced solutions we offer, so you can take full advantage of them, ensuring a seamless and comfortable orthodontic journey.
We understand the importance of utilizing…
Ortho Rinse Pick Reviews - Does Ortho Rinse Pick Really Work? Read OrthoRinse Pi …
Ortho Rinse Pick is a revolutionary oral hygiene tool that aims to enhance the oral care routine, particularly for individuals with orthodontic appliances such as braces, aligners, or retainers. This innovative device is designed to effectively clean hard-to-reach areas, ensuring optimal oral health during orthodontic treatment.
Orthodontic appliances often pose challenges when it comes to maintaining proper oral hygiene. The brackets, wires, and other components create intricate spaces where food particles,…
Ortho-Dichlorobenzene Market Research Report 2022
Due to the COVID-19 pandemic, the global Ortho-Dichlorobenzene market size is estimated to be worth US$ 78.23 million in 2022 and is forecast to a readjusted size of US$ 104.61 million by 2028 with a CAGR of 4.96% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, 99.8% min Purity accounting for 72.22% of the Ortho-Dichlorobenzene global market in 2021, is projected to value US$…
2019 Interlocking Nails Market | BioMedtrix, Innovative Ortho Surgicals, Biotek, …
Interlocking Nails Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis.
Download PDF Sample of this Report @
https://www.supplydemandmarketresearch.com/home/contact/318183?ref=Sample-and-Brochure&toccode=SDMRLI318183&utm_source=S2
Company Coverage (Sales Revenue, Price, Gross…
