Orthopedic Prosthetics Market is expected to exceed more than US$ 2.70 Billion by 2027 at a CAGR of 5% in the given forecast period.
The scope of the report includes a detailed study of global and regional markets on Global Orthopedic Prosthetics Market with the reasons given for variations in the growth of the industry in certain regions.
Orthopedic prosthetics introduce to the field bothered with the ID,
creation, designing, and fitting uniquely designed simulated appendages
in patient with a missing piece of appendage lost through sickness,
injury, or an intrinsic condition. These uniquely designed orthopedic
prosthetics require a blend of low weight and high quality. Along these
lines, materials, for example, carbon fiber, Kevlar and titanium are
generally utilized for creation. Tremendous advances in the field of
CAD/CAM innovation and material science have helped the worldwide market
orthopedic prosthetics create at an empowering pace in the previous
couple of years. Prosthetic devices innovation has seen constant
development, coming about into accessibility of cutting edge prosthetic
devices. Low-temperature polyethylene therephthalate (LPET),
polyetheretherketone (PEEK) are among the latest materials utilized for
assembling prosthetic devices. To provide the individual needs of
patients, producers are putting forth the alternative of custom made
prosthetic devices. The customised prosthetic devices give more
prominent level of usefulness and are made to fit the users or patients
body. Users or patients who require prosthetics for games or recreation
exercises are progressively requesting customized prosthetic devices.
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How Big is the Global Orthopedic Prosthetics Market?
The Global Orthopedic Prosthetics Market is expected to exceed more
than US$ 2.70 Billion by 2027 at a CAGR of 5% in the given forecast
The major driving factors of Global Orthopedic Prosthetics Market are as follows:
- Increasing ageing population with diabetic indication
- Growing obesity rates and repayment of treatment
- Strong healthcare consciousness and availability of personalized orthopedic prosthetic devices
- Increase in sports injuries
The restraining factors of Global Orthopedic Prosthetics Market are as follows:
- Dearth of favorable reimbursement policies
- Shortage of well-equipped rehabilitation centers
- High price of the devices
- Entry barriers specially relating to regulatory guidelines
The Global Orthopedic Prosthetics Market is segmented on the lines of
its product, end-users, technology type and regional. Based on product
segmentation it covers modular components, sockets, liners, upper
extremity prosthetics and lower extremity prosthetics. Based on
end-users segmentation it covers hospitals, prosthetic clinics,
rehabilitation centers, others. Based o technology type segmentation it
covers conventional orthopaedic prosthetics, electric-powered
orthopaedic prosthetics, hybrid orthopaedic prosthetics. The Global
Orthopedic Prosthetics Market on geographic segmentation covers various
regions such as North America, Europe, Asia Pacific, Latin America,
Middle East and Africa. Each geographic market is further segmented to
provide market revenue for select countries such as the U.S., Canada,
U.K. Germany, China, Japan, India, Brazil, and GCC countries.
This report provides:
1) An overview of the global market for Global Orthopedic Prosthetics Market and related technologies.
2) Analyses of global market trends, with data from 2019, estimates for
2020 and 2021, and projections of compound annual growth rates (CAGRs)
3) Identifications of new market opportunities and targeted promotional plans for Global Orthopedic Prosthetics Market.
4) Discussion of research and development, and the demand for new products and new applications.
5) Comprehensive company profiles of major players in the industry.
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The scope of the report includes a detailed study of global and regional
markets on Global Orthopedic Prosthetics Market with the reasons given
for variations in the growth of the industry in certain regions.
The report covers detailed competitive outlook including the market
share and company profiles of the key participants operating in the
global market. Key players profiled in the report include Össur, Hanger
Inc., Otto Bock HealthCare GmbH, Blatchford Ltd., Touch Bionics Inc.,
The Ohio Willow Wood Co., Fillauer LLC., and Howard Orthopaedics Inc.
Company profile includes assign such as company summary, financial
summary, business strategy and planning, SWOT analysis and current
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