Updated 2025 Market Reports Released: Trends, Forecasts to 2034 – Early Purchase Your Competitive Edge Today!

How has the prosthetics & orthotics market grown over the years?

In recent times, there has been a significant growth in the prosthetics and orthotics market. The market, which was valued at $8.39 billion in 2024, is projected to increase to $8.87 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 5.7%. The notable expansion during the historic period is due to several factors, including an increase in occurrences of disabilities and amputations, advancements in materials and manufacturing procedures, a rise in awareness and acceptance of prosthetics, development of healthcare infrastructure, and growth in the sports and rehabilitation sector.

What Is the forecasted market size and growth rate for the prosthetics & orthotics market?

Anticipated robust expansion is foreseen for the prosthetics and orthotics market in the forthcoming years. The market’s value is predicted to rise to $11.24 billion by 2029, growing at a compound annual growth rate (CAGR) of 6.1%. Factors contributing to the projected growth during this period include the use of tailored and patient-centred prosthetic solutions, the application of artificial intelligence and robotics in prosthetics, the use of sustainable and eco-friendly materials in prosthetics, enhancing focus on pediatric prosthetics and orthotics, and the growing adoption of telehealth for orthotic services. Other forthcoming trends incorporating into the growth include neurological-controlled prosthetics, adherence to safety standards and regulations in prosthetics, smart prosthetics that offer sensory feedback, bespoke prosthetic solutions addressing individual requirements, and veiling clarity in prosthetic pricing and insurance.

Get your prosthetics & orthotics market report here!

https://www.thebusinessresearchcompany.com/report/prosthetics-and-orthotics-global-market-report

What are the major factors driving growth in the prosthetics & orthotics market?

The prosthetics and orthotics market is largely influenced by the rise in sports-related injuries and incidences of road accidents. Causes of road mishaps often include distracted driving and excessive speeding, which lead to various disabilities among the victims, necessitating the use of prosthetics and orthotics to aid their recovery and help restore their daily functionality. In 2022, as per the report by the National Highway Traffic Safety Administration, a US-centric government agency emphasizing transportation safety, 3,308 deaths were linked to distracted driving while an approximate 289,310 people were injured in crashes. Adding to this, injuries incurred by athletes due to their year-round engagement in a single sport also contribute to this trend. Further data from the National Security Council, America’s leading nonprofit safety advocate, reveals that in 2022, 3.6 million individuals received emergency department treatment for injuries related to sports and recreational equipment across the US. As such, with the escalating numbers of sports injuries and road accident cases, the demand for prosthetics and orthotics is predicted to surge in the coming period.

What key areas define the segmentation of the global prosthetics & orthotics Market?

The prosthetics & orthotics market covered in this report 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

Subsegments:

1) By Prosthetics: Lower Limb Prosthetics, Upper Limb Prosthetics, Cosmetic Prosthetics, Hybrid Prosthetics, Pediatric Prosthetics

2) By Orthotics: Ankle-Foot Orthoses (AFO), Knee-Brace Orthoses, Spinal Orthoses, Wrist-Hand Orthoses (WHO), Custom Orthotics

Get your free sample now – explore exclusive market insights:

https://www.thebusinessresearchcompany.com/sample.aspx?id=6915&type=smp

What are the top market players propelling the growth of the prosthetics & orthotics industry?

Major companies operating in the prosthetics & orthotics market include Fillauer LLC, Bauerfeind AG, Otto Bock Healthcare GmbH, Zimmer Biomet Holdings Inc., Blatchford Limited, Ability Matters Group Ltd., Steeper Inc., Össur hf, WillowWood Global LLC, Ultraflex Systems Inc., Hanger Inc., Mobius Bionics LLC, Ohio Willow Wood Co., Esper Bionics Inc., ToughWare Prosthetics Inc., College Park Industries Inc., Hosmer Dorrance Corporation, Kingsley Manufacturing Company, Mica Manufacturing Company, Carbon Copy Pathfinder, Proteor SA, Seattle Systems Company, Bhagwan Mahaveer Viklang Sahayata Samiti, Endolite Ltd., Freedom Innovations LLC, Spinal Technology LLC, Trulife Group Limited, Fillauer Europe AB, Ortho Europe Abingdon Ltd.

What are the key trends shaping the future of the prosthetics & orthotics market?

The rise of technological innovations is emerging as a prominent trend within the prosthetics and orthotics industry. Key players in the market are keen on offering products imbued with cutting-edge technologies to consolidate their market dominance. These players are introducing advanced technologies like automation, artificial intelligence (AI), microprocessors, neuromuscular signal technology, and sensory control, among others, into their products and services offering enhanced fluidity and natural movement. For example, in February 2022, Ossur, a company from Iceland that specializes in orthotics and prosthetics, unveiled POWER KNEE. This pathbreaking product is the prime actively powered microprocessor prosthetic knee, designed to cater to individuals with limb differences or above-the-knee amputations. The POWER KNEE is capable of generating motion by providing active powered assistance. It also discerns whether the user is sitting, standing, or walking on various terrain types – whether flat, inclined, or declined.

Unlock exclusive market insights – purchase your research report now for a swift delivery!

https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=6915

What regions are dominating the prosthetics & orthotics market growth?

North America was the largest region in the prosthetics orthotics market in 2024. The Asia-Pacific is expected to be the fastest-growing region in the prosthetics orthotics market share during the forecast period. The regions covered in the prosthetics & orthotics market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Browse Through More Similar Reports By The Business Research Company:

Orthopedic Prosthetics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/orthopedic-prosthetics-global-market-report

Neuroprosthetics Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/neuroprosthetics-global-market-report

3D Printed Implants Global Market Report 2024

https://www.thebusinessresearchcompany.com/report/3d-printed-implants-global-market-report

About The Business Research Company:

With over 15000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Armed with 1,500,000 datasets, the optimistic contribution of in-depth secondary research, and unique insights from industry leaders, you can get the information you need to stay ahead in the game.

Contact us at:

The Business Research Company: https://www.thebusinessresearchcompany.com/

Americas +1 3156230293

Asia +44 2071930708

Europe +44 2071930708

Email us at [email protected]

Follow us on:

LinkedIn: https://in.linkedin.com/company/the-business-research-company

YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Global Market Model: https://www.thebusinessresearchcompany.com/global-market-model

Found this article helpful? Share it on: