How Is The Prosthetics And Orthotics Market Expected To Grow Through 2023-2032
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
According to The Business Research Company’s Prosthetics And Orthotics Global Market Report 2023, the prosthetics and orthotics market is expected to show promising growth in the forecast period.
Five Key insights from the forecast include:
- Market Size – The global prosthetics and orthotics market size is expected to grow from $6.6 billion in 2022 to $6.99 billion in 2023 at a compound annual growth rate (CAGR) of 5.9%. The prosthetics & orthotics market size is expected to grow to $8.46 billion in 2027 at a CAGR of 4.9%.
- Major Driver – The rise in sports injuries and car accidents is driving the prosthetics and orthotics market.
- Key Trend – Technological progress is a new trend that is gaining traction in the prosthetics and orthotics business. To increase their market position, major firms in the prosthetics and orthotics industry are focusing on supplying technologically advanced goods. Automation, artificial intelligence (AI), microprocessor, neuromuscular signal technology, sensory control, and other next-generation technologies are being integrated into these companies’ goods and related services to enable smoother, more natural motions and functions.
- Largest Region – North America was the largest region in the prosthetics orthotics market in 2022.
- Major Players – Major players in the prosthetics and orthotics market are Fillauer LLC, Bauerfeind AG, Otto Bock Healthcare GmbH, Zimmer Biomet Holdings Inc., Blatchford Limited, WillowWood Global LLC.
View More On The Prosthetics And Orthotics Market Report 2023 – https://www.thebusinessresearchcompany.com/report/prosthetics-and-orthotics-global-market-report
Key Prosthetics And Orthotics Market Segments
The global prosthetics and orthotics market is segmented –
1) By Type: Prosthetics, Orthotics
2) By Category: Upper limb, Lower limb, Spinal
3) By Technology: Conventional, Electric-Powered, Hybrid Orthopedic Prosthetics
4) By Application: Hospitals, Clinics, Rehabilitation Centers, Other Applications
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Prosthetics and orthotics are medical devices that use artificial prosthetics and orthotics to support deformed areas of the human body. Prosthetics and orthotics devices are designed to fit comfortably and help patients with limb amputations or physical disabilities of their limbs or spine to attain functional capacity.
The Prosthetics And Orthotics Global Market Report 2023 offers a comprehensive overview on the prosthetics and orthotics market size, growth rate, trends and drivers, opportunities, strategies, and competitor landscape. The countries covered in the prosthetics and orthotics 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.
The Table Of Content For The Prosthetics And Orthotics Market Include:
1. Prosthetics And Orthotics Market Executive Summary
2. Prosthetics And Orthotics Market Segments
3. Prosthetics And Orthotics Market Size And Prosthetics And Orthotics Market Growth Rate
4. Key Prosthetics And Orthotics Market Trends
5. Major Prosthetics And Orthotics Market Drivers
25. Key Mergers And Acquisitions In The Prosthetics And Orthotics Market
26. Top Prosthetics And Orthotics Companies
27. Prosthetics And Orthotics Market Opportunities And Strategies
28. Prosthetics And Orthotics Market, Conclusions And Recommendations
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