The Business Research Company’s global market reports are now updated with the latest market sizing information for the year 2023 and forecasted to 2032

As per The Business Research Company’s Orthopedic Prosthetics Global Market Report 2023, the orthopedic prosthetics market is expected to show significant growth in the forecast period.

Key insights from the orthopedic prosthetics market forecast include:

1. Market Size

The global orthopedic prosthetics market is expected to grow from $1.86 billion in 2022 to $1.96 billion in 2023 at a compound annual growth rate (CAGR) of 5.4%. The orthopedic prosthetics market size is expected to grow to $2.42 billion in 2027 at a CAGR of 5.4%.

2. Major Driver

An increasing number of trauma cases and accidental injuries are driving the orthopaedic prosthetics market. Road accidents, sports injuries, other medical issues, and work-related mishaps are all causes of trauma and accidental injuries. The majority of these injuries may necessitate amputations and the use of prosthetic devices to replace the missing body part. In the United States, for example, 2.1 million people have limb loss, and that figure is predicted to treble by 2050. Every year, 185,000 persons in the United States are amputated. Every day, between 300 and 500 amputations are performed. As a result, demand for orthopaedic prosthetics is increasing, resulting in growth in the orthopaedic prosthetics market.

View More On The Orthopedic Prosthetics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/orthopedic-prosthetics-global-market-report

3. Key Trend

3D printed orthopaedic prosthetics are becoming more popular among companies in the orthopaedic prosthetics sector. 3D printing is the technique of converting a computer model into a three-dimensional solid object. 3D printed orthopaedic prostheses are devices created through the 3D printing method. Shorter lead times, reduced prices, and consistent quality are all advantages of these devices. Zdravprint, for example, is a Russian startup that uses 3D printing technology to manufacture prosthetics for the hand, elbow, and shoulder.

4. Largest Region

North America was the largest region in the global orthopedic prosthetics market in 2022.

5. Major Players

Major players in the food diagnostics market are Otto Bock HealthCare GmbH, Blatchford Ltd., Zimmer Biomet Inc., DePuy Synthes, Stryker Corporation, The Ohio Willow Wood Co., Ossur, Smith and Nephew PLC., Biomet Inc., and Touch Bionics Inc.

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Key Orthopedic Prosthetics Market Segments
1) By Product Type: Upper Extremity Prosthetics, Lower Extremity Prosthetics, Sockets, Other Products
2) By End Users: Hospitals, Prosthetic Clinics, Rehabilitation Center, Other End Users
3) By Technology: Conventional orthopedic prosthetics, Electric-powered orthopedic prosthetics, Hybrid orthopedic prosthetics

The Orthopedic Prosthetics Global Market Report 2023  provides an in-depth analysis on the orthopedic prosthetics market size, trends and drivers, opportunities, strategies, and companies analysis. The countries covered in the orthopedic prosthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA, and the major seven regions are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa.

View More Related Reports –
Orthopedic Devices Global Market Report 2023
Orthopedic Accessories Global Market Report 2023
Orthopedic Braces And Support Devices And Equipment Global Market Report 2023

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