Prostheses, including artificial legs and hands, along with orthoses, such as braces and splints, empower individuals with physical impairments or functional limitations to lead healthy, productive, independent, and dignified lives. They facilitate participation in education, the labor market, and social activities.
Orthotists and prosthetists are responsible for measuring, designing, fitting, and customizing musculoskeletal devices for patients dealing with disabling conditions. These devices include artificial limbs and orthopedic braces. The orthotics and prosthetics market size was USD 4.5 billion in 2023 and is anticipated to reach over USD 6.5 billion in 2033, growing at a rate of over 3.6% from 2024 to 2033.
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Market Segmentation
- By Orthotics Devices: Orthopedic Braces and Other Orthotic Devices
- By Prosthetic Devices: Anatomic Components, Liners, Sockets, and Modular Components
- By Region:
- North America: Includes United States and Canada
- Europe: Includes United Kingdom, Germany, France, Spain, Italy, Netherlands, Sweden, Switzerland, Denmark, Finland, Russia, and the rest of Europe
- Asia-Pacific: Includes China, India, Japan, South Korea, Australia, Singapore, Indonesia, Taiwan, Malaysia, and the rest of Asia-Pacific
- Latin America: Includes Brazil, Mexico, Argentina, and the rest of Latin America
- Middle East and Africa: Includes Saudi Arabia, UAE, Egypt, Iran, Qatar, South Africa, and the rest of MEA
Market Trends and Drivers
Development of Innovative Materials for Enhanced Functionality
The development of innovative materials is a significant market trend in the orthotics and prosthetics industry, driven by several growth factors. One key factor is the constant pursuit of improving the functionality and performance of orthotic and prosthetic devices. Advances in materials science contribute to the creation of lighter, more durable, and technologically enhanced components, addressing the evolving needs of patients and healthcare providers.
The increasing demand for patient-specific solutions propels growth in this area. Innovative materials allow for greater customization and personalization of orthotic and prosthetic devices, ensuring a better fit and improved comfort for individual users. The integration of materials that mimic natural biomechanics and offer enhanced flexibility supports a more natural range of motion, positively impacting patient outcomes.
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Growing Geriatric Population Worldwide
The growing geriatric population worldwide serves as a significant market trend for the orthotics and prosthetics industry, driven by various growth factors that underscore the increasing demand for these specialized healthcare solutions. One primary factor contributing to this trend is the demographic shift toward an aging population globally. As individuals age, there is a higher likelihood of experiencing musculoskeletal issues, degenerative conditions, and mobility challenges, leading to an increased need for orthotic and prosthetic interventions.
The rise in chronic health conditions among the elderly, such as osteoarthritis, osteoporosis, and vascular diseases, further amplifies the demand for orthotic and prosthetic devices. These conditions often result in orthopedic complications, necessitating the use of supportive devices to enhance mobility, alleviate pain, and improve the overall quality of life for the aging population.
Market Restraints and Challenges
High cost of Orthotic & Prosthetic devices could imped market growth
The higher cost of customized Orthotic & Prosthetic devices is likely to be a major impediment to the expansion of the worldwide market. Orthotic and prosthetic devices are often expensive because they require advanced technology, high-quality raw materials, and design and manufacturing experience. Apart from the original equipment purchase, the cost includes maintenance, repairs, and replacement parts. The price burden limits access for people who may benefit from orthotics or prostheses, particularly in low-income areas or nations with limited healthcare resources. It is difficult to develop strategies that reduce the cost of these items without sacrificing quality. As a result, the high cost of these devices is estimated to remain unless the price of the raw materials comes down.
Inadequate healthcare infrastructure
Inadequate healthcare infrastructure poses a significant threat to the growth of the orthotics and prosthetics market by limiting access to this critical equipment. The efficacy of orthotic and prosthetic solutions is strongly dependent on an established healthcare infrastructure that includes experienced healthcare professionals, rehabilitation facilities, and support services. Patients may experience difficulties in receiving timely and appropriate orthotic and prosthetic care in areas with inadequate healthcare infrastructure.
One of the most serious challenges linked to poor healthcare infrastructure is a shortage of educated experts, such as orthotists and prosthetists. These professionals are critical in determining patients’ needs, creating unique equipment, and providing necessary follow-up treatment. The limited availability of these specialists might lead to delayed fits, incorrect device modifications, and overall poor patient outcomes.
COVID-19 Impact
Pre-COVID-19 Pandemic Scenario
Before the COVID-19 pandemic, the worldwide orthotics and prosthetics market was growing steadily. An aging population, a rising frequency of musculoskeletal problems, and technological improvements all contributed to increased demand for orthotic and prosthetic devices. The sector was characterized by continuous research and development, which resulted in novel solutions targeted at improving the usefulness and comfort of these gadgets. Additionally, the number of orthotists and prosthetists increased at a rapid rate.
COVID-19 Pandemic Scenario
The COVID-19 pandemic has significantly impacted the orthotics and prosthetics market by creating unprecedented problems. changing its operations and dynamics in a variety of ways. Lockdowns, travel restrictions, and staff shortages had an immediate impact on the supply chain, causing interruptions in the manufacturing and delivery of orthotic and prosthetic devices. This resulted in manufacturing delays, component shortages, and challenges satisfying the increasing demand for these crucial healthcare items.
Post-COVID-19 Pandemic Scenario
As the globe entered the post-COVID-19 era, the orthotics and prosthetics industry began to adjust to the new normal. The recovery was slow, with the sector adjusting its tactics to handle ongoing issues while capitalizing on emerging possibilities. Telehealth and virtual care solutions continued to gain traction, becoming essential components of patient care in the orthotics and prosthetics profession. Remote consultations, digital fits, and follow-up sessions helped to create a more patient-centered and adaptable approach to healthcare delivery. This move not only addressed long-standing concerns about in-person visits, but it also created new opportunities for addressing patients in rural or disadvantaged regions.
Market Segments
By Orthotics Devices
- Orthopedic Braces
- Rigid Braces
- Knee
- Ligament
- Postoperative
- Osteoarthritis
- Back
- Ankle
- Elbow
- Wrist
- Shoulder
- Hip
- Soft Braces
- Knee
- Back
- Ankle
- Elbow
- Wrist
- Shoulder
- Hip
- Walker Boots
- Pneumatic
- Non-Pneumatic
- Other Orthotic Devices
- Orthotic Shoe
- Stock
- Custom
- Orthotic Inserts
- Stock
- Custom
- By Prosthetic Devices
- Anatomic Components
- Lower-extremity
- Foot Component
- Mechanical
- Microprocessor
- Knee Component
- Mechanical
- Microprocessor
- Hip
- Upper-extremity
- Hand Component
- Mechanical
- Myoelectric
- Elbow Component
- Body-powered
- Externally Powered
- Shoulder
- Liners
- Sockets
- Modular Components
Major Players in the Orthotics & Prosthetics Market
The Prosthetics & Orthotics Market includes players such as Aether Biomedical, Mobius Bionics, Proteor, Click Medical, Orthomerica Products, Inc., Streifeneder Group, WillowWood Global LLC, Aetrex Inc., DeRoyal Industries, OrthoFeet, DJO Global (Enovis), Bird & Cronin (Dynatronics Corporation), Ottobock, Össur, Blatchford Limited (a part of CBPE Capital LLP), Fillauer LLC (a part of Hanger, Inc.), Ultraflex Systems, Steeper Group (a part of Eqwal Group), ALPS® South, LLC, Trulife, Ortho Europe (a brand of AM Healthcare Group), Bauerfeind AG, and Spenco.
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