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Orthopedic Prosthetics Market by Product, Technology, and Geography - Forecast and Analysis 2023-2027

  • Published: Nov 2022
  • Pages: 162
  • SKU: IRTNTR43428
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The orthopedic prosthetics market is estimated to grow at a CAGR of 5.55% between 2022 and 2027. The size of the market is forecast to increase by USD 756.75 million. The growth of the market depends on serval factors, including the growing number of trauma, accident cases, and birth defects, the availability of technically advanced orthopedic prosthetics, a growing number of amputation surgeries, and a focus on restoring mobility and independence among amputees.

This report extensively covers market segmentation by product (lower extremity orthopedic prosthetics and upper extremity orthopedic prosthetics), technology (conventional, electric-powered, and hybrid), and geography (North America, Europe, Asia, and Rest of World (ROW)). It also includes an in-depth analysis of drivers, trends, and challenges. Furthermore, the report includes historic market data from 2017 to 2021.

What will be the size of the Orthopedic Prosthetics Market During the Forecast Period?

Orthopedic Prosthetics Market Size

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Parent Market Analysis

The reports categorize the global orthopedic prosthetics market as a part of the global healthcare supplies market that primarily covers manufacturers of medical products, including all categories of supplies, such as consumables and disposables, such as safety needles, syringes, and catheters. The parent global healthcare supplies market covers products and companies engaged in R&D of a variety of product categories spanned across medical consumables that are used for the diagnosis and treatment of various diseases. Our research report has extensively covered external factors influencing the parent market growth during the forecast period.

Orthopedic Prosthetics Market: Key Drivers, Trends, Challenges, and Customer Landscape

The growing number of trauma, accident cases, and birth defects is notably driving the market growth, although factors such as the high cost of prosthetics may impede the market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.

Key Orthopedic Prosthetics Market Driver

The growing number of trauma, accident cases, and birth defects is notably driving the market growth. Globally, the number of trauma, accidents, and children born with birth defects is increasing at an alarming rate. People sometimes lose body parts such as elbows, limbs, feet, and toes, which requires replacement with artificial limbs. According to Annual United States Road Crash Statistics (ASIRT), more than 46,000 people die in car crashes each year. Around 22% of all lower extremity amputation surgeries are caused by road accidents. 

Also, around 9,000 children undergo amputation surgeries due to lawnmower accidents in the US. Birth defects in newborns require lifelong use of orthopedic prosthetics. In Spain, around 5,000 amputation surgeries are performed each year due to accidents and birth defects. Due to the rise in the number of trauma, accident cases, and birth defects, the demand for orthopedic prosthetics is increasing in hospitals, prosthetics clinics, and rehabilitation centers, which provide treatment to people who have lost their body parts. Thus, the growing number of trauma, accident cases, and birth defects is the major factor that is expected to drive the growth of the market during the forecast period.

Key Orthopedic Prosthetics Market Trend

The emergence of mind-controlled humonics is the primary trend in the market. Mind-controlled humonics solutions are the future of orthopedic prosthetics. In the medical device industry, mind-controlled humonics will be a remarkable clinical breakthrough as it can change the dynamics of the market in the long term. Humonics go beyond bionic devices and have the capability to fulfill the unmet needs of lost sensation, volitional control, and the development of human-like aesthetics like gestures, which are lacking in orthopedic prosthetics that are currently available in the market.

Humonics with sensory feedback technology will provide mind-controlled user-centric prosthetics that return the control of the prosthetics to the user. These devices with advanced technologies can change the life of people who have lost their body organs due to trauma or diseases. These factors will lead to the growth of the market during the forecast period.

Key Orthopedic Prosthetics Market Challenge

The high cost of prosthetics is the major challenge impeding market growth. Though the market is growing at a steady rate, the high cost of prosthetics will hinder its growth of the market. The high cost will discourage most people in developing countries from adopting prosthetics. Also, the cost varies depending on the level of amputation and the type of prosthetics chosen.

The average cost of electricity-powered orthopedic prosthetics ranges between $40,000 and $60,000. The cost of upper extremity orthopedic prosthetics ranges between $3,000 and $60,000. For instance, the cost of the Michelangelo electronic hand is around $60,000. Thus, the high cost of orthopedic prosthetics can become a major challenge for the growth of the market during the forecast period.

Key Orthopedic Prosthetics Market Customer Landscape

The report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Orthopedic Prosthetics Market Share by Geography

Global Orthopedic Prosthetics Market Customer Landscape

Who are the Major Orthopedic Prosthetics Market Vendors?

Vendors are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.

Zimmer Biomet Holdings Inc. - The company offers orthopedic prosthetics such as shoulder and elbow alignment, hip and femur, tibia, and pelvic replacements as its key offerings. Under this segment, the company offers orthopedic products in the US and other North, Central, and South American markets.

The report also includes detailed analyses of the competitive landscape of the market and information about 15 market vendors, including:

  • Advanced Arm Dynamics Inc
  • Arthrex Inc.
  • Artificial Limbs Manufacturing Corp. of India
  • B. Braun SE
  • Blatchford Group
  • Exactech Inc.
  • Fillauer LLC
  • Globus Medical Inc.
  • Hanger Inc.
  • Johnson & Johnson
  • LeTourneau Prosthetics and Orthotics
  • Orthotic and Prosthetic Lab Inc
  • Ossur hf
  • Ottobock SE & Co. KGaA
  • RTI Surgical Inc.

Qualitative and quantitative analysis of vendors has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize vendors as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize vendors as dominant, leading, strong, tentative, and weak.

What is the Fastest-Growing Segment in the Orthopedic Prosthetics Market?

The market share growth by the lower extremity orthopedic prosthetics segment will be significant during the forecast period. Lower extremity orthopedic prosthesis is used when people have undergone hemipelvectomy; amputation of the hip, above the knee, through the knee, and below the knee; ankle disarticulation; and partial foot loss due to certain diseases or trauma. The removed lower body part is replaced with artificial prosthetics to enable the movement of lower extremities. This was due to the high prevalence of lower amputation surgeries due to diabetes and road accidents. Lower extremity orthopedic prosthetics have helped amputees by providing convenience and comfort and enhancing appearance. These benefits will drive segment growth during the forecast period.

Orthopedic Prosthetics Market Size

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The lower extremity orthopedic prosthetics segment was valued at USD 1,835.56 million in 2017 and continues to grow until 2021The global lower extremity orthopedic prosthetics market is growing at a faster pace and is expected to dominate the market during the forecast period. 

The demand for lower-limb orthopedic prosthetics is growing faster in emerging countries such as India and China. The presence of a large population that suffers from diabetes and the rise in awareness programs about prostheses are the primary factors that drive the growth of the market. 

Which are the Key Regions for the Orthopedic Prosthetics Market?

Orthopedic Prosthetics Market Share by Geography

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North America is estimated to contribute 32% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

North America contributes a significant share of revenue to the market in the Americas in 2022. This was due to the rise in trauma cases and awareness among people about prosthetic devices and the rise in the number of amputations and sports-related injuries. Lower-extremity prosthetics have dominated the market in the US due to the high prevalence of lower-extremity amputations. US and Canada contribute to the major sales revenue in the region. North America has the largest share of the market due to advanced technology and the presence of a significant population affected by diabetes. The US and Canada will continue to grow during the forecast period due to the high prevalence of sports-related injuries and trauma cases. 

The outbreak of COVID-19 in 2020 significantly declined the demand for orthopedic prosthetics in North America. However, the lockdowns were lifted in the second half of 2020 owing to large-scale vaccination drives across North America. This led to the resumption of operations in clinics and hospitals that offer orthopedic surgeries and treatment since the first half of 2021, which increased the demand for orthopedic prosthetics devices. Moreover, companies are investing heavily in R&D to find a feasible way to treat orthopedic disabilities. Such factors are expected to open up new opportunities for orthopedic prosthetics and will drive the growth of the market in North America during the forecast period.

Segment Overview

The report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2017 to 2027. The market has been segmented by Product (Lower extremity orthopedic prosthetics and Upper extremity orthopedic prosthetics), Technology (Conventional, Electric-powered, and Hybrid), and Geography (North America, Europe, Asia, and Rest of World (ROW)).

  • Product Outlook (USD Million, 2017 - 2027)
    • Lower extremity orthopedic prosthetics
    • Upper extremity orthopedic prosthetics
  • Technology Outlook (USD Million, 2017 - 2027)
    • Conventional
    • Electric-powered
    • Hybrid
  • Region Outlook (USD Million, 2017 - 2027)
    • North America
      • The U.S.
      • Canada
    • Europe
      • The U.K.
      • Germany
      • France
      • Rest of Europe
    • Asia
      • China
      • India
      • Singapore
    • Rest of World (ROW)
      • Argentina
      • Brazil
      • Rest of the Middle East & Africa

Orthopedic Prosthetics Market Scope

Report Coverage

Details

Page number

162

Base year

2022

Historic period

2017-2021

Forecast period

2023-2027

Growth momentum & CAGR

Accelerate at a CAGR of 5.55%

Market growth 2023-2027

USD 756.75 million

Market structure

Fragmented

YoY growth 2022-2023(%)

4.52

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 32%

Key countries

US, Canada, Germany, UK, and China

Competitive landscape

Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks

Key companies profiled

Advanced Arm Dynamics Inc, Arthrex Inc., Artificial Limbs Manufacturing Corp. of India, B. Braun SE, Blatchford Group, Exactech Inc., Fillauer LLC, Globus Medical Inc., Hanger Inc., Johnson & Johnson, LeTourneau Prosthetics and Orthotics, Orthotic and Prosthetic Lab Inc, Ossur hf, Ottobock SE Co. KGaA, RTI Surgical Inc., Smith and Nephew plc, Steeper Inc., Stryker Corp., WillowWood Global LLC, and Zimmer Biomet Holdings Inc.

Market dynamics

Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the forecast period.

Customization purview

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What are the Key Data Covered in this Orthopedic Prosthetics Market Report?

  • CAGR of the market during the forecast period
  • Detailed information on factors that will drive the growth of the orthopedic prosthetics market between 2023 and 2027
  • Precise estimation of the orthopedic prosthetics market size and its contribution to the parent market
  • Accurate predictions about upcoming trends and changes in consumer behavior
  • Growth of the industry across North America, Europe, Asia, and Rest of World (ROW)
  • Thorough analysis of the market’s competitive landscape and detailed information about vendors
  • Comprehensive analysis of factors that will challenge the growth of orthopedic prosthetics market vendors

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1 Executive Summary

  • 1.1 Market overview
    • Exhibit 01: Executive Summary – Chart on Market Overview
    • Exhibit 02: Executive Summary – Data Table on Market Overview
    • Exhibit 03: Executive Summary – Chart on Global Market Characteristics
    • Exhibit 04: Executive Summary – Chart on Market by Geography
    • Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
    • Exhibit 06: Executive Summary – Chart on Market Segmentation by Technology
    • Exhibit 07: Executive Summary – Chart on Incremental Growth
    • Exhibit 08: Executive Summary – Data Table on Incremental Growth
    • Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Exhibit 10: Parent market
    • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
    • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
    • Exhibit 13: Market segments
  • 3.3 Market size 2022
    • 3.4 Market outlook: Forecast for 2022-2027
      • Exhibit 14: Chart on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 15: Data Table on Global - Market size and forecast 2022-2027 ($ million)
      • Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
      • Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

    4 Historic Market Size

    • 4.1 Global Orthopedic Prosthetics Market 2017 - 2021
      • Exhibit 18: Historic Market Size – Data Table on Global Orthopedic Prosthetics Market 2017 - 2021 ($ million)
    • 4.2 Product Segment Analysis 2017 - 2021
      • Exhibit 19: Historic Market Size – Product Segment 2017 - 2021 ($ million)
    • 4.3 Technology Segment Analysis 2017 - 2021
      • Exhibit 20: Historic Market Size – Technology Segment 2017 - 2021 ($ million)
    • 4.4 Geography Segment Analysis 2017 - 2021
      • Exhibit 21: Historic Market Size – Geography Segment 2017 - 2021 ($ million)
    • 4.5 Country Segment Analysis 2017 - 2021
      • Exhibit 22: Historic Market Size – Country Segment 2017 - 2021 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Exhibit 23: Five forces analysis - Comparison between 2022 and 2027
    • 5.2 Bargaining power of buyers
      • Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027
    • 5.3 Bargaining power of suppliers
      • Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027
    • 5.4 Threat of new entrants
      • Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027
    • 5.5 Threat of substitutes
      • Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027
    • 5.6 Threat of rivalry
      • Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027
    • 5.7 Market condition
      • Exhibit 29: Chart on Market condition - Five forces 2022 and 2027

    6 Market Segmentation by Product

    • 6.1 Market segments
      • Exhibit 30: Chart on Product - Market share 2022-2027 (%)
      • Exhibit 31: Data Table on Product - Market share 2022-2027 (%)
    • 6.2 Comparison by Product
      • Exhibit 32: Chart on Comparison by Product
      • Exhibit 33: Data Table on Comparison by Product
    • 6.3 Lower extremity orthopedic prosthetics - Market size and forecast 2022-2027
      • Exhibit 34: Chart on Lower extremity orthopedic prosthetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 35: Data Table on Lower extremity orthopedic prosthetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 36: Chart on Lower extremity orthopedic prosthetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 37: Data Table on Lower extremity orthopedic prosthetics - Year-over-year growth 2022-2027 (%)
    • 6.4 Upper extremity orthopedic prosthetics - Market size and forecast 2022-2027
      • Exhibit 38: Chart on Upper extremity orthopedic prosthetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 39: Data Table on Upper extremity orthopedic prosthetics - Market size and forecast 2022-2027 ($ million)
      • Exhibit 40: Chart on Upper extremity orthopedic prosthetics - Year-over-year growth 2022-2027 (%)
      • Exhibit 41: Data Table on Upper extremity orthopedic prosthetics - Year-over-year growth 2022-2027 (%)
    • 6.5 Market opportunity by Product
      • Exhibit 42: Market opportunity by Product ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Exhibit 43: Chart on Technology - Market share 2022-2027 (%)
      • Exhibit 44: Data Table on Technology - Market share 2022-2027 (%)
    • 7.2 Comparison by Technology
      • Exhibit 45: Chart on Comparison by Technology
      • Exhibit 46: Data Table on Comparison by Technology
    • 7.3 Conventional - Market size and forecast 2022-2027
      • Exhibit 47: Chart on Conventional - Market size and forecast 2022-2027 ($ million)
      • Exhibit 48: Data Table on Conventional - Market size and forecast 2022-2027 ($ million)
      • Exhibit 49: Chart on Conventional - Year-over-year growth 2022-2027 (%)
      • Exhibit 50: Data Table on Conventional - Year-over-year growth 2022-2027 (%)
    • 7.4 Electric-powered - Market size and forecast 2022-2027
      • Exhibit 51: Chart on Electric-powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 52: Data Table on Electric-powered - Market size and forecast 2022-2027 ($ million)
      • Exhibit 53: Chart on Electric-powered - Year-over-year growth 2022-2027 (%)
      • Exhibit 54: Data Table on Electric-powered - Year-over-year growth 2022-2027 (%)
    • 7.5 Hybrid - Market size and forecast 2022-2027
      • Exhibit 55: Chart on Hybrid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 56: Data Table on Hybrid - Market size and forecast 2022-2027 ($ million)
      • Exhibit 57: Chart on Hybrid - Year-over-year growth 2022-2027 (%)
      • Exhibit 58: Data Table on Hybrid - Year-over-year growth 2022-2027 (%)
    • 7.6 Market opportunity by Technology
      • Exhibit 59: Market opportunity by Technology ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Exhibit 60: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Exhibit 61: Chart on Market share by geography 2022-2027 (%)
      • Exhibit 62: Data Table on Market share by geography 2022-2027 (%)
    • 9.2 Geographic comparison
      • Exhibit 63: Chart on Geographic comparison
      • Exhibit 64: Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2022-2027
      • Exhibit 65: Chart on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 66: Data Table on North America - Market size and forecast 2022-2027 ($ million)
      • Exhibit 67: Chart on North America - Year-over-year growth 2022-2027 (%)
      • Exhibit 68: Data Table on North America - Year-over-year growth 2022-2027 (%)
    • 9.4 Europe - Market size and forecast 2022-2027
      • Exhibit 69: Chart on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 70: Data Table on Europe - Market size and forecast 2022-2027 ($ million)
      • Exhibit 71: Chart on Europe - Year-over-year growth 2022-2027 (%)
      • Exhibit 72: Data Table on Europe - Year-over-year growth 2022-2027 (%)
    • 9.5 Asia - Market size and forecast 2022-2027
      • Exhibit 73: Chart on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 74: Data Table on Asia - Market size and forecast 2022-2027 ($ million)
      • Exhibit 75: Chart on Asia - Year-over-year growth 2022-2027 (%)
      • Exhibit 76: Data Table on Asia - Year-over-year growth 2022-2027 (%)
    • 9.6 Rest of World (ROW) - Market size and forecast 2022-2027
      • Exhibit 77: Chart on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 78: Data Table on Rest of World (ROW) - Market size and forecast 2022-2027 ($ million)
      • Exhibit 79: Chart on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
      • Exhibit 80: Data Table on Rest of World (ROW) - Year-over-year growth 2022-2027 (%)
    • 9.7 US - Market size and forecast 2022-2027
      • Exhibit 81: Chart on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 82: Data Table on US - Market size and forecast 2022-2027 ($ million)
      • Exhibit 83: Chart on US - Year-over-year growth 2022-2027 (%)
      • Exhibit 84: Data Table on US - Year-over-year growth 2022-2027 (%)
    • 9.8 Germany - Market size and forecast 2022-2027
      • Exhibit 85: Chart on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 86: Data Table on Germany - Market size and forecast 2022-2027 ($ million)
      • Exhibit 87: Chart on Germany - Year-over-year growth 2022-2027 (%)
      • Exhibit 88: Data Table on Germany - Year-over-year growth 2022-2027 (%)
    • 9.9 China - Market size and forecast 2022-2027
      • Exhibit 89: Chart on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 90: Data Table on China - Market size and forecast 2022-2027 ($ million)
      • Exhibit 91: Chart on China - Year-over-year growth 2022-2027 (%)
      • Exhibit 92: Data Table on China - Year-over-year growth 2022-2027 (%)
    • 9.10 UK - Market size and forecast 2022-2027
      • Exhibit 93: Chart on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 94: Data Table on UK - Market size and forecast 2022-2027 ($ million)
      • Exhibit 95: Chart on UK - Year-over-year growth 2022-2027 (%)
      • Exhibit 96: Data Table on UK - Year-over-year growth 2022-2027 (%)
    • 9.11 Canada - Market size and forecast 2022-2027
      • Exhibit 97: Chart on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 98: Data Table on Canada - Market size and forecast 2022-2027 ($ million)
      • Exhibit 99: Chart on Canada - Year-over-year growth 2022-2027 (%)
      • Exhibit 100: Data Table on Canada - Year-over-year growth 2022-2027 (%)
    • 9.12 Market opportunity by geography
      • Exhibit 101: Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Trends

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Exhibit 102: Impact of drivers and challenges in 2022 and 2027
        • 10.4 Market trends

          11 Vendor Landscape

          • 11.1 Overview
            • 11.2 Vendor landscape
              • Exhibit 103: Overview on Criticality of inputs and Factors of differentiation
            • 11.3 Landscape disruption
              • Exhibit 104: Overview on factors of disruption
            • 11.4 Industry risks
              • Exhibit 105: Impact of key risks on business

            12 Vendor Analysis

            • 12.1 Vendors covered
              • Exhibit 106: Vendors covered
            • 12.2 Market positioning of vendors
              • Exhibit 107: Matrix on vendor position and classification
            • 12.3 Advanced Arm Dynamics Inc
              • Exhibit 108: Advanced Arm Dynamics Inc - Overview
              • Exhibit 109: Advanced Arm Dynamics Inc - Product / Service
              • Exhibit 110: Advanced Arm Dynamics Inc - Key offerings
            • 12.4 Arthrex Inc.
              • Exhibit 111: Arthrex Inc. - Overview
              • Exhibit 112: Arthrex Inc. - Product / Service
              • Exhibit 113: Arthrex Inc. - Key offerings
            • 12.5 B. Braun SE
              • Exhibit 114: B. Braun SE - Overview
              • Exhibit 115: B. Braun SE - Business segments
              • Exhibit 116: B. Braun SE - Key news
              • Exhibit 117: B. Braun SE - Key offerings
              • Exhibit 118: B. Braun SE - Segment focus
            • 12.6 Blatchford Group
              • Exhibit 119: Blatchford Group - Overview
              • Exhibit 120: Blatchford Group - Key offerings
            • 12.7 Exactech Inc.
              • Exhibit 121: Exactech Inc. - Overview
              • Exhibit 122: Exactech Inc. - Product / Service
              • Exhibit 123: Exactech Inc. - Key offerings
            • 12.8 Fillauer LLC
              • Exhibit 124: Fillauer LLC - Overview
              • Exhibit 125: Fillauer LLC - Product / Service
              • Exhibit 126: Fillauer LLC - Key offerings
            • 12.9 Globus Medical Inc.
              • Exhibit 127: Globus Medical Inc. - Overview
              • Exhibit 128: Globus Medical Inc. - Product / Service
              • Exhibit 129: Globus Medical Inc. - Key offerings
            • 12.10 Hanger Inc.
              • Exhibit 130: Hanger Inc. - Overview
              • Exhibit 131: Hanger Inc. - Business segments
              • Exhibit 132: Hanger Inc. - Key offerings
              • Exhibit 133: Hanger Inc. - Segment focus
            • 12.11 Johnson and Johnson
              • Exhibit 134: Johnson and Johnson - Overview
              • Exhibit 135: Johnson and Johnson - Business segments
              • Exhibit 136: Johnson and Johnson - Key news
              • Exhibit 137: Johnson and Johnson - Key offerings
              • Exhibit 138: Johnson and Johnson - Segment focus
            • 12.12 Ossur hf
              • Exhibit 139: Ossur hf - Overview
              • Exhibit 140: Ossur hf - Business segments
              • Exhibit 141: Ossur hf - Key news
              • Exhibit 142: Ossur hf - Key offerings
              • Exhibit 143: Ossur hf - Segment focus
            • 12.13 Ottobock SE and Co. KGaA
              • Exhibit 144: Ottobock SE and Co. KGaA - Overview
              • Exhibit 145: Ottobock SE and Co. KGaA - Product / Service
              • Exhibit 146: Ottobock SE and Co. KGaA - Key offerings
            • 12.14 Smith and Nephew plc
              • Exhibit 147: Smith and Nephew plc - Overview
              • Exhibit 148: Smith and Nephew plc - Business segments
              • Exhibit 149: Smith and Nephew plc - Key news
              • Exhibit 150: Smith and Nephew plc - Key offerings
              • Exhibit 151: Smith and Nephew plc - Segment focus
            • 12.15 Stryker Corp.
              • Exhibit 152: Stryker Corp. - Overview
              • Exhibit 153: Stryker Corp. - Business segments
              • Exhibit 154: Stryker Corp. - Key news
              • Exhibit 155: Stryker Corp. - Key offerings
              • Exhibit 156: Stryker Corp. - Segment focus
            • 12.16 WillowWood Global LLC
              • Exhibit 157: WillowWood Global LLC - Overview
              • Exhibit 158: WillowWood Global LLC - Product / Service
              • Exhibit 159: WillowWood Global LLC - Key offerings
            • 12.17 Zimmer Biomet Holdings Inc.
              • Exhibit 160: Zimmer Biomet Holdings Inc. - Overview
              • Exhibit 161: Zimmer Biomet Holdings Inc. - Business segments
              • Exhibit 162: Zimmer Biomet Holdings Inc. - Key news
              • Exhibit 163: Zimmer Biomet Holdings Inc. - Key offerings
              • Exhibit 164: Zimmer Biomet Holdings Inc. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Exhibit 165: Inclusions checklist
                • Exhibit 166: Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Exhibit 167: Currency conversion rates for US$
              • 13.4 Research methodology
                • Exhibit 168: Research methodology
                • Exhibit 169: Validation techniques employed for market sizing
                • Exhibit 170: Information sources
              • 13.5 List of abbreviations
                • Exhibit 171: List of abbreviations

              Research Framework

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              TechnavioINFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases
              Technavio

              TechnavioDATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts
              Technavio

              TechnavioREPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape
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              Orthopedic Prosthetics market growth will increase by $756.75 million during 2023-2027.
              The orthopedic prosthetics market is expected to grow at a CAGR of 5.55% during 2023-2027.
              Technavio has segmented the orthopedic prosthetics market by product (Lower extremity orthopedic prosthetics and Upper extremity orthopedic prosthetics) ,technology (Conventional, Electric-powered, Hybrid, South America, and MEA) , and geography (North America, Europe, Asia, and Rest of World (ROW)).
              Advanced Arm Dynamics Inc, Arthrex Inc., Artificial Limbs Manufacturing Corp. of India, B. Braun SE, Blatchford Group, Exactech Inc., Fillauer LLC, Globus Medical Inc., Hanger Inc., Johnson and Johnson, LeTourneau Prosthetics and Orthotics, Orthotic and Prosthetic Lab Inc, Ossur hf, Ottobock SE and Co. KGaA, RTI Surgical Inc., Smith and Nephew plc, Steeper Inc., Stryker Corp., WillowWood Global LLC, Zimmer Biomet Holdings Inc. are a few of the key vendors in the orthopedic prosthetics market.
              North America will register the highest growth rate of 32.48% among the other regions. Therefore, the orthopedic prosthetics market in North America is expected to garner significant business opportunities for the vendors during the forecast period.
              The key factors driving the orthopedic prosthetics market growth are:
              • Growing number of trauma, accident cases, and birth defects
              • Growing focus on customized orthopedic prosthetics
              The orthopedic prosthetics market vendors should focus on grabbing business opportunities from the lower extremity orthopedic prosthetics segment as it accounted for the largest market share in the base year.
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