Prosthetics and Orthotics Market, Prosthetics and Orthotics Industry, Prosthetics and Orthotics Market 2018, Prosthetics and Orthotics Market Size, Prosthetics and Orthotics Market Share, Prosthetics and Orthotics Market Revenue, Prosthetics and Orthotics Market 2025
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Prosthetics and orthotics market
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Prosthetics and Orthotics Market Analysis Development, Key Driven
Factors, Segmentation And Forecast To 2025| Grand View Research,Inc
The global prosthetics and orthotics market size is expectedto reach USD 12.28 billionby2025, according to a new
report by Grand ViewResearch, Inc., exhibitinga 5.1% CAGR during the forecast period. Increasing incidence of
sports injuries,risingincidence of osteosarcoma, and expandinggeriatric populationbase are key factors driving
market growth.
Rising geriatric population across the globe has become one of the key factors driving demand for prosthetics and
orthotics. For instance, as per the United Nations, the number of people aged 60 years or over globally is expected
to more than double by 2050, increasing from 962 millionin2017 to 2.1 billionin2050. Geriatrics are more
susceptible to conditions such as osteoporosis and osteopenia,making them common users of various orthopedic
solutions.
Increasing incidence of osteosarcoma in young adults and childrenis also driving the market to a great extent.For
instance, Childrenwith Cancer UK, a member of the Association of Medical Research Charities (AMRC), reported that
osteosarcoma is the most common bone tumor in children and everyyear around 30 new cases in children are
diagnosed in U.K. Osteosarcoma is generallytreated with the help of chemotherapy, surgery, and radiation. Patients
recovering from this surgery generallyneedorthopedic devicesand prosthetics as a part of post-surgery treatment,
which is slated to drive the market in the upcoming years.
Browse Details of Report @ http://www.grandviewresearch.com/industry-analysis/prosthetics-orthotics-market
“The global prostheticsand orthoticsmarket size was estimated at USD 8.15
billion in 2017.
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Further key findings from the report suggest:
In terms of revenue,the orthotics segment is projected to ascend at a CAGR of 5.2% over the forecast period.
Increasing cases of diabetesrelated amputations across the globe is acting as the drivingfactor for this
segment
By revenue,AsiaPacific is expectedto exhibitthe highestgrowth rate over the forecast period. Rising
awareness and supportive governmentinitiativeswill fuel market growth
Some of the key companies presentin the market are Ossur; Zimmer Biomet HoldingsInc.; Blatchford Inc.;
FillauerLLC; Ottobock Healthcare GmbH; The Ohio Willow Wood Company; and Ultraflex SystemsInc.
Grand ViewResearch has segmentedthe global prosthetics and orthotics market on the basis of type and region:
Prosthetics and Orthotics Type Outlook (Volume,Units Sold; Revenue, USD Million, 2014 - 2025)
Orthotics
o Lower limb
o Upper limb
o Spinal
Prosthetics
o Upper Extremity
o Lower Extremity
o Liners
o Sockets
o Modular Components
Prosthetics and Orthotics Region Outlook (Volume,Units Sold; Revenue, USD Million, 2014 - 2025)
North America
o U.S.
o Canada
Europe
o U.K.
o Germany
APAC
o Japan
o China
LATAM
o Brazil
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o Mexico
MEA
o South Africa
Browse Related Category Reports @ https://www.grandviewresearch.com/industry/medical-devices
Table of Content of Prosthetics and Orthotics Market
Chapter 1 ResearchMethodology
1.1 Informationprocurement
1.2 Data Analysis
1.3 Approaches formarketestimation
1.3.1 Approach1: DemandAnalysis&Bottomup Approach
1.3.2 Approach2: Top downmarketestimation
1.3.3 Approach3: Commodityflowandbottomupmarketestimation
1.3.4 Approach4: KoL perspective basedmarketsizing
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 IndustryOutlook
3.1 Market segmentation&scope
3.2 Market DriverAnalysis
3.2.1 Increasingincidencesof sportsinjuries
3.2.2 Risingincidence of roadaccidents
3.2.3 Increasingprevalence of osteosarcoma
3.2.4 Risinggeriatricpopulation
3.3 Market RestraintAnalysis
3.3.1 Highcost of prosthetics
3.3.2 Lack of adequate healthcare infrastructureinlessdevelopedanddevelopingcountries
3.4 Penetration&growthprospectmapping
3.5 Prostheticsandorthotics - SWOT Analysis,ByFactor(political &legal,economicandtechnological)
3.5.1 Political andLegal
3.5.2 Economic
3.5.3 Technological
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