The Orthopaedic Prosthetics Market have transformed medical technology, enabling people who have lost or are disabled by a limb to regain their mobility and freedom. These amazing gadgets are made to look and work much like real limbs, allowing users to confidently and easily get back to their everyday routines.
Orthopaedic prostheses are made specifically for each patient in order to fulfil their individual demands, taking into account the degree of amputation, the shape of the remaining limb, and the functional requirements. These intricately designed devices, which may be a prosthetic limb, arm, hand, or even a complex joint replacement, are made with cutting-edge materials and cutting-edge technology. Incredibly innovative new developments in orthopaedic prosthetics include myoelectric prostheses, which use signals from the user’s muscles to control movement. The increased range of motion and more realistic appearance of these devices allow users to precisely complete challenging jobs.
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In 2022, it is predicted that the market for orthopaedic prosthetics would be worth roughly US$ 2.33 billion. By 2032, the market for orthopaedic prosthetics is anticipated to grow to US$ 3.62 billion USD. From 2022 to 2032, the market for orthopaedic prosthetics is anticipated to expand at a CAGR of 4.5%. Orthopaedic prosthesis have several advantages beyond improved mobility. They are essential in enhancing psychological health since they help people feel normal and confident again. These prostheses allow people to participate in sports, seek employment, and partake in a variety of social activities without restrictions because they blend flawlessly with the body.
Digitization, as was already noted, also makes it easier to trace items, which facilitates the process of customising them. Furthermore, patients are better able to choose the implant choices they like because to 3D imaging’s ability to let them see where their new limbs would be placed beforehand. Although the majority of revenues still come from North America and Europe, the potential in Asia Pacific are expanding. The GDP contributions to healthcare in nations like Saudi Arabia, China, Thailand, and India are about to rise.
Since the majority of diabetic patients reside in Asia Pacific, the orthopaedic prosthetics sector is anticipated to catch up in this area. On the other hand, the growth in limb-related peripheral vascular illnesses and sports-related injuries may be the cause of the consistency observed in North America and Europe.
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According to the following criteria: product (upper extremity prosthetics, lower extremity prosthetics, sockets, liners, and modular components), technology (conventional, hybrid orthopaedic prosthetics, and electric powered orthopaedic prosthetics), and end user, Future Market Insights’ most recent report, “Orthopaedic Prosthetics Market,” provides opinions on the market’s development from 2014 to 2018 as well as demand projections for the years 2020 to 2030.
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Key Players in Orthopaedic Prosthetics Market:
- Exatech Inc.
- Howard Orthopaedics Inc.
- Hanger Inc.
- Wishbone Medical
- Pega Medical
- OrthoPediatrics
- Arthrex
- Touch Bionics Inc.
- Advanced Arm Dynamics
- Medtronic Spinal
- Integra Lifesciences
- Globus Medical
- DJO Global
The global orthopaedic prosthetics market is segmented in detail to cover every aspect of the market and present a complete market intelligence approach to the reader.
Product
- Upper Extremity Prosthetics
- Hand Prosthetics
- Elbow Prosthetics
- Shoulder Prosthetics
- Lower Extremity Prosthetics
- Foot & Ankle Prosthetics
- Knee Prosthetics
- Hip Prosthetics
- Liners
- Sockets
- Modular Components
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Technology
- Conventional
- Electric Powered
- Hybrid Orthopaedic Prosthetics
End User
- Hospitals
- Prosthetic Clinics
- Rehabilitation Center
- Others
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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