The Orthopedic Prosthetic Device Market is anticipated to be valued at USD 2.3 billion in 2024. The market is expected to grow at a CAGR of 4.8% over the period from 2024 to 2034. By the end of the forecast period, the market value is predicted to hit USD 3.7 billion.
Attributes | Details |
---|---|
Orthopedic Prosthetic Device Market Value, 2024 | USD 2.3 billion |
Projected Market Value, 2034 | USD 3.7 billion |
Value-based CAGR (2024 to 2034) | 4.8% |
Electric-powered prosthetic devices have overtaken conventional prosthetic devices in terms of market share. Prosthetic clinics are the top end-users of orthopedic prosthetic devices.
In 2024, electric-powered prosthetic devices are expected to account for 47.4% of the market share. Some of the key drivers for the increasing use of electric-powered prosthetics are:
Attributes | Details |
---|---|
Top Technology | Electric-Powered |
Market Share (2024) | 47.4% |
Prosthetic clinics are anticipated to account for 41.4% of the market. Some of the key drivers for the progress of prosthetic clinic application of orthopedic prosthetic devices include:
Attributes | Details |
---|---|
Top End User | Prosthetic Clinic |
Market Share (2024) | 41.4% |
The presence of a robust healthcare infrastructure system is boosting the market in North America. The Asia Pacific’s considerable geriatric, as well as chronic illness-affected population, is taking the help of orthopedic prosthetic devices in increasing measure.
Europe is set to be a lucrative region for growth in the market. Ongoing fitness trends, in combination with a thriving sports culture, are driving the need for orthopedic prosthetic devices in the region.
Countries | CAGR |
---|---|
Canada | 5.2% |
Germany | 5.7% |
Spain | 5.9% |
Italy | 5.3% |
India | 6.5% |
The market in Canada is set to register a CAGR of 5.2% over the forecast period. The key drivers for growth are:
The CAGR for the market in Germany is expected to be 5.7% over the forecast period. Some of the key factors driving the growth are:
The orthopedic prosthetic device market in Spain is projected to register a CAGR of 5.9% over the forecast period. Some of the key factors driving the growth are:
The market is expected to register a CAGR of 5.3% in Italy. Some of the key trends include:
The market is expected to register a CAGR of 6.5% in India. Some of the key trends include:
With technology playing an ever-expanding role in the market, companies are investing heavily in research & development. The market is fueled by both public and private investment.
The market for orthopedic prosthetic devices is fairly fragmented in nature, with startup culture apparent. Market players are collaborating with hospitals, prosthetic clinics, and others in the healthcare sector to expand their reach.
Recent Developments in the Orthopedic Prosthetic Device Market
Report Attributes | Details |
---|---|
Current Total Market Size (2024) | USD 2.3 billion |
Projected Market Size (2034) | USD 3.7 billion |
CAGR (2024 to 2034) | 4.8% |
Base Year for Estimation | 2023 |
Historical Period | 2019 to 2023 |
Projections Period | 2024 to 2034 |
Quantitative Units | USD million for value |
Product Types Analyzed (Segment 1) | Upper Extremity (Hand, Elbow, Shoulder), Lower Extremity (Foot & Ankle, Knee, Hip), Liners, Sockets, Modular Components |
Technology Types Covered (Segment 2) | Conventional, Electric-Powered, Hybrid Orthopedic Prosthetics |
End Users Covered (Segment 3) | Hospitals, Prosthetic Clinics, Rehabilitation Centers, Others |
Regions Covered | North America; Latin America; Europe; Asia-Pacific; Middle East & Africa |
Countries Covered | United States, Germany, China, India, Japan, United Kingdom, France, Brazil, Canada |
Key Players Influencing the Market | Blatchford Group, Touch Bionics, Ohio Willow Wood, Össur hf., Fillauer LLC, Advanced Arm Dynamics, Stryker, Exactech, Globus Medical, RTI Surgical, Wright Medical, Johnson & Johnson Services, Arthrex, AlloSource, Braun Melsungen, Smith & Nephew, Zimmer Biomet, Hanger Inc., Otto Bock, Endolite, Howard Orthopedics |
Additional Attributes | Dollar sales by product and technology, growth in electric-powered prosthetics, investments in prosthetic clinics, IoT integration, regional market dynamics |
Customization and Pricing | Customization and Pricing Available on Request |
Table 1: Global Market Value (US$ Million) Forecast by Region, 2019 to 2034
Table 2: Global Market Volume (Units) Forecast by Region, 2019 to 2034
Table 3: Global Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 4: Global Market Volume (Units) Forecast by Product, 2019 to 2034
Table 5: Global Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 6: Global Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 7: North America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 8: North America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 9: North America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 10: North America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 11: North America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 12: North America Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 13: Latin America Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 14: Latin America Market Volume (Units) Forecast by Country, 2019 to 2034
Table 15: Latin America Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 16: Latin America Market Volume (Units) Forecast by Product, 2019 to 2034
Table 17: Latin America Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 18: Latin America Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 19: Western Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 20: Western Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 21: Western Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 22: Western Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 23: Western Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 24: Western Europe Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 25: Eastern Europe Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 26: Eastern Europe Market Volume (Units) Forecast by Country, 2019 to 2034
Table 27: Eastern Europe Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 28: Eastern Europe Market Volume (Units) Forecast by Product, 2019 to 2034
Table 29: Eastern Europe Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 30: Eastern Europe Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 31: South Asia and Pacific Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 32: South Asia and Pacific Market Volume (Units) Forecast by Country, 2019 to 2034
Table 33: South Asia and Pacific Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 34: South Asia and Pacific Market Volume (Units) Forecast by Product, 2019 to 2034
Table 35: South Asia and Pacific Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 36: South Asia and Pacific Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 37: East Asia Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 38: East Asia Market Volume (Units) Forecast by Country, 2019 to 2034
Table 39: East Asia Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 40: East Asia Market Volume (Units) Forecast by Product, 2019 to 2034
Table 41: East Asia Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 42: East Asia Market Volume (Units) Forecast by Technology, 2019 to 2034
Table 43: Middle East and Africa Market Value (US$ Million) Forecast by Country, 2019 to 2034
Table 44: Middle East and Africa Market Volume (Units) Forecast by Country, 2019 to 2034
Table 45: Middle East and Africa Market Value (US$ Million) Forecast by Product, 2019 to 2034
Table 46: Middle East and Africa Market Volume (Units) Forecast by Product, 2019 to 2034
Table 47: Middle East and Africa Market Value (US$ Million) Forecast by Technology, 2019 to 2034
Table 48: Middle East and Africa Market Volume (Units) Forecast by Technology, 2019 to 2034
Figure 1: Global Market Value (US$ Million) by Product, 2024 to 2034
Figure 2: Global Market Value (US$ Million) by Technology, 2024 to 2034
Figure 3: Global Market Value (US$ Million) by Region, 2024 to 2034
Figure 4: Global Market Value (US$ Million) Analysis by Region, 2019 to 2034
Figure 5: Global Market Volume (Units) Analysis by Region, 2019 to 2034
Figure 6: Global Market Value Share (%) and BPS Analysis by Region, 2024 to 2034
Figure 7: Global Market Y-o-Y Growth (%) Projections by Region, 2024 to 2034
Figure 8: Global Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 9: Global Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 10: Global Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 11: Global Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 12: Global Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 13: Global Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 14: Global Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 15: Global Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 16: Global Market Attractiveness by Product, 2024 to 2034
Figure 17: Global Market Attractiveness by Technology, 2024 to 2034
Figure 18: Global Market Attractiveness by Region, 2024 to 2034
Figure 19: North America Market Value (US$ Million) by Product, 2024 to 2034
Figure 20: North America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 21: North America Market Value (US$ Million) by Country, 2024 to 2034
Figure 22: North America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 23: North America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 24: North America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 25: North America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 26: North America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 27: North America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 28: North America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 29: North America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 30: North America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 31: North America Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 32: North America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 33: North America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 34: North America Market Attractiveness by Product, 2024 to 2034
Figure 35: North America Market Attractiveness by Technology, 2024 to 2034
Figure 36: North America Market Attractiveness by Country, 2024 to 2034
Figure 37: Latin America Market Value (US$ Million) by Product, 2024 to 2034
Figure 38: Latin America Market Value (US$ Million) by Technology, 2024 to 2034
Figure 39: Latin America Market Value (US$ Million) by Country, 2024 to 2034
Figure 40: Latin America Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 41: Latin America Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 42: Latin America Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 43: Latin America Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 44: Latin America Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 45: Latin America Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 46: Latin America Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 47: Latin America Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 48: Latin America Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 49: Latin America Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 50: Latin America Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 51: Latin America Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 52: Latin America Market Attractiveness by Product, 2024 to 2034
Figure 53: Latin America Market Attractiveness by Technology, 2024 to 2034
Figure 54: Latin America Market Attractiveness by Country, 2024 to 2034
Figure 55: Western Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 56: Western Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 57: Western Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 58: Western Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 59: Western Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 60: Western Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 61: Western Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 62: Western Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 63: Western Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 64: Western Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 65: Western Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 66: Western Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 67: Western Europe Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 68: Western Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 69: Western Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 70: Western Europe Market Attractiveness by Product, 2024 to 2034
Figure 71: Western Europe Market Attractiveness by Technology, 2024 to 2034
Figure 72: Western Europe Market Attractiveness by Country, 2024 to 2034
Figure 73: Eastern Europe Market Value (US$ Million) by Product, 2024 to 2034
Figure 74: Eastern Europe Market Value (US$ Million) by Technology, 2024 to 2034
Figure 75: Eastern Europe Market Value (US$ Million) by Country, 2024 to 2034
Figure 76: Eastern Europe Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 77: Eastern Europe Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 78: Eastern Europe Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 79: Eastern Europe Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 80: Eastern Europe Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 81: Eastern Europe Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 82: Eastern Europe Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 83: Eastern Europe Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 84: Eastern Europe Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 85: Eastern Europe Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 86: Eastern Europe Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 87: Eastern Europe Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 88: Eastern Europe Market Attractiveness by Product, 2024 to 2034
Figure 89: Eastern Europe Market Attractiveness by Technology, 2024 to 2034
Figure 90: Eastern Europe Market Attractiveness by Country, 2024 to 2034
Figure 91: South Asia and Pacific Market Value (US$ Million) by Product, 2024 to 2034
Figure 92: South Asia and Pacific Market Value (US$ Million) by Technology, 2024 to 2034
Figure 93: South Asia and Pacific Market Value (US$ Million) by Country, 2024 to 2034
Figure 94: South Asia and Pacific Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 95: South Asia and Pacific Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 96: South Asia and Pacific Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 97: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 98: South Asia and Pacific Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 99: South Asia and Pacific Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 100: South Asia and Pacific Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 101: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 102: South Asia and Pacific Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 103: South Asia and Pacific Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 104: South Asia and Pacific Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 105: South Asia and Pacific Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 106: South Asia and Pacific Market Attractiveness by Product, 2024 to 2034
Figure 107: South Asia and Pacific Market Attractiveness by Technology, 2024 to 2034
Figure 108: South Asia and Pacific Market Attractiveness by Country, 2024 to 2034
Figure 109: East Asia Market Value (US$ Million) by Product, 2024 to 2034
Figure 110: East Asia Market Value (US$ Million) by Technology, 2024 to 2034
Figure 111: East Asia Market Value (US$ Million) by Country, 2024 to 2034
Figure 112: East Asia Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 113: East Asia Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 114: East Asia Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 115: East Asia Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 116: East Asia Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 117: East Asia Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 118: East Asia Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 119: East Asia Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 120: East Asia Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 121: East Asia Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 122: East Asia Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 123: East Asia Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 124: East Asia Market Attractiveness by Product, 2024 to 2034
Figure 125: East Asia Market Attractiveness by Technology, 2024 to 2034
Figure 126: East Asia Market Attractiveness by Country, 2024 to 2034
Figure 127: Middle East and Africa Market Value (US$ Million) by Product, 2024 to 2034
Figure 128: Middle East and Africa Market Value (US$ Million) by Technology, 2024 to 2034
Figure 129: Middle East and Africa Market Value (US$ Million) by Country, 2024 to 2034
Figure 130: Middle East and Africa Market Value (US$ Million) Analysis by Country, 2019 to 2034
Figure 131: Middle East and Africa Market Volume (Units) Analysis by Country, 2019 to 2034
Figure 132: Middle East and Africa Market Value Share (%) and BPS Analysis by Country, 2024 to 2034
Figure 133: Middle East and Africa Market Y-o-Y Growth (%) Projections by Country, 2024 to 2034
Figure 134: Middle East and Africa Market Value (US$ Million) Analysis by Product, 2019 to 2034
Figure 135: Middle East and Africa Market Volume (Units) Analysis by Product, 2019 to 2034
Figure 136: Middle East and Africa Market Value Share (%) and BPS Analysis by Product, 2024 to 2034
Figure 137: Middle East and Africa Market Y-o-Y Growth (%) Projections by Product, 2024 to 2034
Figure 138: Middle East and Africa Market Value (US$ Million) Analysis by Technology, 2019 to 2034
Figure 139: Middle East and Africa Market Volume (Units) Analysis by Technology, 2019 to 2034
Figure 140: Middle East and Africa Market Value Share (%) and BPS Analysis by Technology, 2024 to 2034
Figure 141: Middle East and Africa Market Y-o-Y Growth (%) Projections by Technology, 2024 to 2034
Figure 142: Middle East and Africa Market Attractiveness by Product, 2024 to 2034
Figure 143: Middle East and Africa Market Attractiveness by Technology, 2024 to 2034
Figure 144: Middle East and Africa Market Attractiveness by Country, 2024 to 2034
The orthopedic prosthetic device market size is expected to be worth USD 2.3 billion in 2024.
The orthopedic prosthetic device market is estimated to be valued at USD 3.7 billion by 2034.
The CAGR of the orthopedic prosthetic device market in India is estimated to be 6.5% from 2024 to 2034.
The orthopedic prosthetic device market can be divided into the following segments: product, technology, and end user.
The orthopedic prosthetic device market is expected to grow at a CAGR of 4.8% over the forecast period.
The use of technology like Bluetooth and smartphone connectivity and customized orthopedic prosthetic devices are two of the trends in the orthopedic prosthetic device industry.
The orthopedic prosthetic device market is forecasted to grow at a CAGR of 5.2% in Canada.
Hanger Inc., Otto Bock HealthCare GmbH, Endolite Ltd., and Touch Bionics Inc. are some of the key companies in the orthopedic prosthetic device industry.
Explore Similar Insights
Thank you!
You will receive an email from our Business Development Manager. Please be sure to check your SPAM/JUNK folder too.