Orthopedic Prosthetics Market Global Trends, Market Share, Industry Size, Growth, Opportunities, and Market Forecast 201
The global orthopedic prosthetics market is expected to value over US$ 2.1 billion by the end of 2026 and growing at a CAGR of over 5% during the forecast period, 2019 to 2026. An orthopedic prosthetic is fundamentally an artificial limb designed to amputate and substitute a body part of a patient. Artificial limbs facilitate efficient bodily movements even after the loss of limbs. Due to improvements in technology, these limbs are almost look-alikes of their natural counterparts and there is no stark difference and thus are not easily identifiable. The rise in demand for orthopedic prosthetics due to the high occurrence of serious injuries are driving the growth of the global orthopedic prosthetics market. The main focus areas of orthopedic prosthetics are concerning the patientu2019s identification, designing in the manufacturing of custom-made artificial limbs. These prosthetics take the place of natural limbs and thus should be of low weight but high tenacity and strength. In order to cater to all of this, materials, such as thermoplastics, metals, carbon fibre, EVA (Ethylene-vinyl acetate), or a combination of these are commonly used in production. Having witnessed significant developments in the sphere of design and production technologies, an increased level of comfort and increased usability, and increased resistance to wear and tear has evolved. The rising number of diabetes-related amputations, and growing prevalence of osteosarcoma; a malignant tumour of bone in which there is a proliferation of osteoblasts, around the world, is expected to aid the global market's growth. With wide career options and accessibility of sports as a profession, thus encourages a lot of people to opt for it. This also increases the probability of sport-related injuries thereafter. This further fuels the need for prosthetics and their market thereafter. The already established firms in the market are acquiring new entrants in order to expand their global reach. In April 2019, Scheck & Siress announces the acquisition of Ballert Orthopedic. Ballert Orthopedic has an 8-decade long history leading in orthotics and prosthetics. This will enhance Schecku2019s ability to expand reach deliver best-in-class, convenient O&P care throughout the Chicago area. Similarly, in March 2019, Exactech, another big firm acquires XpandOrtho. XpandOrtho is a designer of soft tissue balancing instruments for knee replacement surgery. Prime factor behind this acquisition is to support Exactechu2019s growth strategy and commitment to improving surgeon experience and patient outcomes. Orthopedic Prosthetics Market: Restraints Expensive equipment and infrastructure needed Unavailability of skilled personnel Request a Sample Report @ https://www.futurewiseresearch.com/request-sample.aspx?id=210&page=requestsample Orthopedic Prosthetics Market Segmentation By Type Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Lower extremity prosthetics product segment is expected to witness a relatively higher growth rate than others in terms of value in the global orthopedic prosthetics market over the forecast period. Spinal Orthotics held the dominant share in the prosthetics and orthotics market in terms of revenue in 2017. Upper extremity prosthetics dominated the market later as these devices enable quick and almost painless recovery. Major firms manufacturing this specific product are Ossur; Zimmer Biomet Holdings Inc.; and Blatchford Inc By End User Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Recently observed in 2017, the prosthetic clinic's segment accounts for relatively higher revenue share, followed by hospitals segment. By Region North America Latin America Europe Asia Pacific Rest of the World In terms of revenue, North America was the dominant regional market and is further expected to expand at a high CAGR over the forecast period. Western Europe and the Asia Pacific excluding Japan is expected to be the fastest growing market in terms of revenue growth in the global orthopedic prosthetics market. Events such as the Asian Prosthetic and Orthotics Meeting which took place in November 2019 in Thailand, discussed ongoing and emerging issues related to prosthetics and orthotics, thus giving the APAC market a significant boost. Purchase a Copy & Ask For Discount: https://www.futurewiseresearch.com/request-sample.aspx?id=210&page=askfordiscount Competitive Landscape: Tier 1 players- Established companies in the market with a major market share Tier 2 players Emerging players which are growing rapidly New Entrants Few of the major competitors currently working in the orthopedic prosthetics market are Blatchford Group (UK), Touch Bionics Inc. (US), The Ohio Willow Wood Co. (US), u00d6ssur (Iceland), Ottobock (Germany), Fillauer LLC. (US), Advanced Arm Dynamics, Inc. (US) Smith and Nephew (UK), Touch Bionics Inc (US)., Zimmer Boimet Holdings Inc. (US), Stryker Corp (US) DePuy Synthes (US). Blatchford Ortopedi AS (Norway), Exactech, Inc (US) Globus Medical Inc, (US), RTI Surgical Inc (US), Wright Medical Group N.V.,(US), Johnson & Johnson Services, Inc. (the US), Arthrex Inc,(US), AlloSource (US) and others. Various strategies such as mergers, acquisitions, collaborations, and launch of new products are being adopted by these players to maintain their market share. For instance, in May 2019, Ossur introduced various new products in the market such as Ossur Formfit Pro Line of 3D knitted supports at OTWorld, one of the leading prosthetics and orthotics conference and tradeshow. FutureWise Key Takeaways Growth prospects SWOT analysis Key trends Key data-points affecting market growth Objectives of the Study: To provide with an exhaustive analysis on the global orthopedic prosthetics market by type, by end-user, and by region To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints) To evaluate and forecast micro-markets and the overall market To predict the market size, in key regions (along with countries)u2014North America, Europe, Asia Pacific, Latin America, and the Middle East To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions Profiling of companies to evaluate their market shares, strategies, financials and core competencies Table of Contents Introduction Scope and Objective Assumptions and Acronyms Forecast Factors Research Methodology Executive Summary Industry Cluster Analysis Competition Matrix Strategies Recommendations Market Definition Report Scope (Inclusions & Exclusions) Market Segmentation Global Orthopedic Prosthetics Market Overview Global Orthopedic Prosthetics Market Revenue (USD Mn) Key Inclusions Porteru2019s Five Force analysis Market Dynamics Industry Trends Regulatory Guidelines Opportunities in Orthopedic Prosthetics Competition Dynamics Company Share Analysis (2019) Top 10 Product Pricing by Region Global Orthopedic Prosthetics Market Revenue (USD Mn), 2019-2026 by Product Type Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026 Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Global Orthopedic Prosthetics Market Revenue (USD Mn), 2019-2026 by End User Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026 Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Global Orthopedic Prosthetics Market Revenue (USD Mn), 2019-2026 by Region Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Region,2026 North America Latin America Europe Asia Pacific Rest of world North America Orthopedic Prosthetics Market Revenue (US$ Mn), 2019-2026 Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026 US Canada Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026 Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026 Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Latin America Orthopedic Prosthetics Market Revenue (US$ Mn), 2019-2026 Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026 Brazil Mexico Argentina Rest of Latin America Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026 Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026 Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Europe America Orthopedic Prosthetics Market Revenue (US$ Mn), 2019-2026 Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026 Germany France Spain UK Russia Poland Rest of Europe Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026 Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026 Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Asia Pacific America Orthopedic Prosthetics Market Revenue (US$ Mn), 2019-2026 Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026 Emerging Asia China India ASEAN-5 Rest of Emerging Asia Japan Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026 Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026 Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Rest of World America Orthopedic Prosthetics Market Revenue (US$ Mn), 2019-2026 Key Market Findings Long Term ROI Segments Revenue Opportunity Influencing Factors Market Revenue (USD Mn) Assessment and Forecast by Country, 2019-2026 Middle East South Africa North Africa Rest of World Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2019-2026 Upper Extremity Prosthetics Lower Extremity Prosthetics Braces Spinal Orthotics Market Revenue (USD Mn) Assessment and Forecast by End User, 2019-2026 Hospital Outpatient Centre Trauma Centres Orthopedic Clinics Company Profiles Competition Landscape Global Company Share (USD Mn) Overview, 2019 Company Profiles Zimmer Biomet Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management Depuy Synthes Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management Smith & Nephew Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management Stryker Corporation Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management Wright medical Group Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management Lima Corporate Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management JRI companies Corporate Overview Financial Performance Peer Comparison & 3C marketing equation Company Strategy & Channel Management Research Sources & Primary Verbatim Inquire further details about this report at: sales@futurewiseresearch.com About FutureWise Research: We specialise in high-growth niche markets, assuring flexibility, agility and customised solutions for our clients. Through in-depth market insights and consultancy, we present our clients with the tools they need to be at the forefront of their industry u2013 a position secured for far more than the near future. Contact Us: Company Name: FutureWise Research Contact Person: Vinay Thaploo Email: sales@futurewiseresearch.com Phone: 44 141 628 9353 / 1 970 279 4295 City: Leeds Country: United Kingdom Website: www.futurewiseresearch.com
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