2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!

Which Major Market Drivers Are Expected to Boost the Growth Potential of the Prosthetics & Orthotics Market?

The rise in sports injuries and road accidents is driving the growth of the prosthetics and orthotics market. Road accidents and sports injuries are leading to a greater need for prosthetic and orthotic devices. In 2022, distracted driving resulted in over 3,300 deaths and numerous injuries, according to the National Highway Traffic Safety Administration. This increase in injuries will contribute to a higher demand for prosthetics and orthotics in the coming years.

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#How Will the CAGR of the Prosthetics & Orthotics Market Influence Its Overall Growth by 2034?

The prosthetics & orthotics market has grown steadily in recent years. It will rise from $8.39 billion in 2024 to $8.87 billion in 2025, with a compound annual growth rate (CAGR) of 5.7%. This growth is driven by the increasing prevalence of disabilities and amputations, advancements in materials and manufacturing techniques, heightened awareness and acceptance of prosthetics, healthcare infrastructure improvements, and the growing sports and rehabilitation sectors.

The prosthetics and orthotics market is projected to grow to $11.24 billion by 2029, expanding at a CAGR of 6.1%. This growth is driven by customized prosthetics, AI and robotics integration, sustainable materials, and increased demand for pediatric solutions. Trends include neurological-controlled prosthetics, smart prosthetics, personalized solutions, and transparency in pricing.

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What Are the Key Market Innovations in theProsthetics & Orthotics Market Over the Coming Years?

Technological advancements are shaping the prosthetics and orthotics market. Companies in this sector are developing products with next-generation technologies to provide smoother and more natural movements. For example, in February 2022, Ossur, an Iceland-based orthotics and prosthetics company, launched the POWER KNEE, an actively powered microprocessor prosthetic knee designed for individuals with limb differences or above-knee amputations. The device adjusts motion based on the wearer’s activity, whether seated, standing, or walking on various surfaces.

Who Are the Top Companies Driving Innovation and Growth in theProsthetics & Orthotics Market?

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.

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Which Key Market Segments Comprise the Prosthetics & Orthotics Market and Drive Its Revenue Growth?

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

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Which Regions Are Emerging as Leaders in the Prosthetics & Orthotics Market?

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.

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