The global prosthetics and orthotics market size is expected
to reach USD 13.3 billion by 2027, according to a new report by Grand View
Research, Inc., registering a 4.6% CAGR over the forecast period. Increasing
incidences of sports injuries, rising incidence of osteosarcoma, and expanding
geriatric population base are key factors driving the market.
Rising geriatric population across the globe
has become a major factor driving demand for prosthetics and orthotics. For
instance, as per the United Nations, the number of people aged 60 years or over
globally is expected to more than double by 2050, increasing from 962 million
in 2017 to 2.1 billion in 2050. The elderly are more susceptible to conditions
such as osteoporosis and osteopenia, making them common users of various
orthopedic solutions.
Increasing incidence of osteosarcoma in young
adults and children is also driving the market to a great extent. Patients
recovering from this surgery generally need orthopedic devices and prosthetics
as a part of post-surgery treatment, which is slated to drive the market in the
upcoming years. Around 800 to 900 new cases of osteosarcoma are reported in the
U.S. each year as of 2018.
For full research report on Prosthetics
And Orthotics Market visit here: https://www.grandviewresearch.com/industry-analysis/prosthetics-orthotics-market
Further key
findings from the report suggest:
- In terms of revenue, the orthotics segment is
projected to expand at a CAGR of 4.0% over the forecast period. Increasing
cases of diabetes-related amputations across the globe are acting as the
driving factor for this segment
- By revenue, Asia Pacific is expected to
exhibit the highest growth rate over the forecast period. Increase in
disposable income and supportive government initiatives will fuel the
market growth in the coming years
- Some of the key companies in the prosthetics
and orthotics market are Ossur; Zimmer Biomet Holdings Inc.; Blatchford
Inc.; Fillauer LLC; Ottobock Healthcare GmbH; The Ohio Willow Wood
Company; and Ultraflex Systems Inc.
Get free request sample of this report
here : https://www.grandviewresearch.com/industry-analysis/prosthetics-orthotics-market/request/rs1
Grand
View Research has segmented the global prosthetics and orthotics market on the
basis of type and region:
Prosthetics
and Orthotics Type Outlook (Revenue, USD Million, 2016 - 2027)
- Orthotics
- Upper limb
- Lower limb
- Spinal
- Prosthetics
- Upper extremity
- Lower extremity
- Liners
- Sockets
- Modular components
Prosthetics
and Orthotics Regional Outlook (Revenue, USD Million, 2016 - 2027)
- North America
- U.S.
- Canada
- Europe
- U.K.
- Germany
- France
- Italy
- Spain
- Denmark
- Sweden
- Belgium
- Netherlands
- Asia Pacific
- Japan
- China
- India
- Latin America
- Brazil
- Mexico
- Middle East &
Africa
- South Africa
About Grand View Research
No comments:
Post a Comment