Orthopedic Prosthetics Market in United States, United Kingdom – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)

Orthopedic Prosthetics Market – Report Overview

Pacific Business Consulting’s “Orthopedic Prosthetics Market in 10MM – Market Outlook, Unmet Needs, Market Assessment & Forecast (2023-2030)” report offers a comprehensive understanding of Orthopedic Prosthetics market, encompassing historical and projected market size data, along with market trends, market drivers, market barriers and unmet medical needs in the Ten Major Markets (10MM) of the United States, Germany, Spain, Italy, France, the United Kingdom, Japan, China, Australia, and India.

In 2022, the Orthopedic Prosthetics market exceeded a valuation of over US$ 2.5 Billion, and it is poised for substantial growth, with a projected Compound Annual Growth Rate (CAGR) exceeding 6.0% from 2023 to 2030. The market is expected to potentially surpass US$ 4.0 Billion by 2030.

Orthopedic prostheses are medical devices designed to replace missing or damaged bones and joints, restoring mobility and functionality for individuals with musculoskeletal injuries or conditions. The key objective in designing orthopedic prostheses is to create durable, functional, and flexible devices that are affordable and accessible to individuals with diverse requirements. Recent advancements in this field have significantly improved the quality of life for people with orthopedic disabilities.

In June 2020, REJOINT announced a breakthrough in therapy personalization and mass customization by combining artificial intelligence with additive manufacturing technology, specifically Electron Beam Melting (EBM) technology from GE Additive Arcam. This innovative approach involves the use of IoT-connected sensorized wearables to collect post-operative and intraoperative data, enabling REJOINT to fabricate personalized medical devices, such as knee implants.

Similarly, in January 2020, Essentium, Inc. and Vorum collaborated to develop a 3D printing solution (Essentium + Vorum solution) that combines Essentium’s High-Speed Extrusion (HSE) 3D printing with Vorum’s SurePath methodology and CAD/CAM solutions. This partnership aims to provide customized prosthetic devices at scale and speed.

In November 2019, researchers at the University of Utah introduced a prototype leg prosthesis designed to anticipate and respond to users’ actions, enhancing natural walking gait and overall balance. Equipped with torque sensors, bespoke force, accelerometers, and gyroscopes, this device represents a significant step forward in orthopedic prosthesis technology.

The market’s growth is propelled by the increased adoption of advanced technologies, such as 3D printing, to manufacture custom prosthetics. Startups like LIMBER Prosthetics & Orthotics, Inc. utilize 3D printing to create prosthetics, offering a less time-consuming and more cost-effective approach.

Acquisition activities among key players also contribute to market growth. An example is the acquisition of Italian surgical implant manufacturer LimaCorporate by Enovis Corp for 800 million euros ($850 million), including debt. This acquisition enhances Enovis Corp’s reconstructive business, contributing to the orthopedic prosthetics market share.

Furthermore, collaborative efforts between key players, such as the partnership between the Massachusetts Institute of Technology’s K. Lisa Yang Center for Bionics and the government of Sierra Leone, play a crucial role. This collaboration aims to strengthen the capabilities and services of the nation’s orthotic and prosthetic (O&P) sector, driving market growth by addressing unmet needs and expanding demographics with limited access to orthotic braces and artificial limbs.

Leading players in the Orthopedic Prosthetics segment, including United Prosthetics Inc., Coapt LLC, Protunix, Ossur, Ottobock Inc., DGO Global Inc., Globus Medical, Integra Lifesciences, Blatchford Limited, Fillauer LLC, Willow Wood Global LLC, Steeper Inc., Mobius Bionics, Synergy Prosthetics, and Human Technology Inc., are expected to play a crucial role in shaping the future landscape of Orthopedic Prosthetics technologies through ongoing innovation.

Scope of Report

The report addresses critical subjects such as strategic competitor evaluation, market characterization, unmet needs, and the consequences of these elements for the Orthopedic Prosthetics market. It also delves into the analysis of present and prospective market competition within the global Orthopedic Prosthetics market.

Furthermore, the report offers an insightful examination of the primary industry drivers, constraints, and challenges. Each trend undergoes independent research to furnish qualitative analysis regarding its implications.

Reasons to Buy

• Develop your business strategies by gaining insights into the trends that shape and drive the Orthopedic Prosthetics market across the 10MM (Ten Major Markets).
• Increase revenue by comprehending key trends, innovative products and technologies, market segments, and companies poised to influence the future of the 10MM Orthopedic Prosthetics market.
• Craft effective sales and marketing strategies by thoroughly understanding the competitive landscape and analyzing the performance of various competitors.
• Identify emerging players with potentially robust product portfolios and devise strategic counter-strategies to gain a competitive advantage.
• Optimize your sales and marketing efforts by pinpointing market categories and segments that offer the greatest opportunities for consolidations, investments, and strategic partnerships.

1. Executive Summary: Orthopedic Prosthetics
   • Global Market Outlook: Orthopedic Prosthetics
2. Competitive Intelligence Analysis: Orthopedic Prosthetics
3. Therapeutic Sector SWOT
4. Technology Roadmap Analysis: Orthopedic Prosthetics
5. Market Background
   • Drivers
   • Restraints
   • Opportunity
   • Key Market Trends
   • Key Unmet Needs
6. Key Marketed Products Profile – Major Approved Products: Orthopedic Prosthetics
   • Product Profile
   • Safety and Efficacy
7. Regulatory Landscape
8. Orthopedic Prosthetics: Ten Major Market (10MM) – Market Analysis, By Product
   • Upper Extremity Prosthetics
     • Hand Prosthetics
     • Elbow Prosthetics
     • Shoulder Prosthetics
   • Lower Extremity Prosthetics
     • Foot & Ankle Prosthetics
     • Knee Prosthetics
     • Hip Prosthetics
   • Liners
   • Sockets
   • Modular Components
9. Orthopedic Prosthetics: Ten Major Market (10MM) – Market Analysis, By Technology
   • Conventional
   • Electric Powered
   • Hybrid Orthopaedic Prosthetics
10. Orthopedic Prosthetics: Ten Major Market (10MM) – Market Analysis, By End User
    • Hospitals
    • Rehabilitation Centers
    • Prosthetic Clinics
    • Academic & Research Institutes
11. Orthopedic Prosthetics: Ten Major Market (10MM) – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

12. S. Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

13. K. Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

14. Germany Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

15. France Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

16. Italy Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

17. Spain Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

18. Japan Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

19. China Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

20. Australia Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

21. India Orthopedic Prosthetics – Market Analysis
    • Historical Market Analysis (US$ million), 2020-2022
      • By Product
      • By Technology
      • By End User
    • Current and Future Market Projections (US$ million), 2023-2030
      • By Product
      • By Technology
      • By End User

22. Competitive Landscape
    • Company Overview
    • Product Portfolio
    • Key Financials
    • Sales Footprint

Note – All Major Company Profiles (Count up to 20) will be covered in the report

23. Assumptions and Acronyms Used
24. Research Methodology
    • Secondary Research
    • Primary Research
    • Data Triangulation
25. Geographic Scope
    • The U.S., The U.K., Germany, France, Italy, Spain, Japan, China, Australia, and India
26. Copyrights and Disclaimer