Opportunity and Strategy Analysis
This report focuses on identifying opportunities and strategies for investing in the global prosthetics and orthotics market within the forecast period. It provides a complete analysis of the global market both quantitatively and qualitatively. The quantitative analysis includes market size and revenue data of the total demand, sub-markets, and regional/national levels throughout 2023-2033. Qualitative analysis depicts a full picture of market dynamics and trends including drivers, restraints and challenges, emerging products/market trends, and Porter's Fiver Forces analysis.
Based on the market data and analysis, the report highlights Increasingly Attractive Segments (IAS) and business opportunities in each segmentation. Moreover, a systematic evaluation of Internal Risks (factors arising within the industry development) and External Risks (factors arising from the surrounding environments) is provided for the prosthetics and orthotics industry and market. All the identified risk factors are measured quantitatively according to GMD's novel numeric system, i.e. each risk is evaluated with GMD Risk Index Number (GMD RIN) and GMD Risk Intensity Level (GMD RIL). This in-depth risk assessment offers a comprehensive understanding of the current risk factors and their developing trends. Furthermore, this report concludes risk management strategies and Critical Success Factors (CSFs) to help companies make intelligence-based business decisions in the global prosthetics and orthotics industry.
Market Coverage & Overview
The report is based on studies for 2021-2023 and provides a forecast from 2024 till 2033 with 2023 as the base year. Considering impact of COVID-19 and regional conflicts such as Russia-Ukraine war, the trend and outlook of global market is forecast in optimistic, balanced, and conservative scenarios. In the balanced view, the global prosthetics and orthotics market is expected to reach $13.05 billion by 2033, growing by 5.1% annually over the coming years.
Segmentation Analysis
Highlighted with 89 tables and 85 figures, this 176-page report represents a 360-degree view on the global market with extensively detailed segmentations by Product, Technology, Cause, End User, and Region/Country as shown below. Annual revenue 2023-2033 for each segment is included in the report.
By Product
- Orthotic Products
o Upper Limb
o Lower Limb
o Spinal
- Prosthetic Products
o Upper Extremity
o Lower Extremity
o Liners
o Sockets
o Modular Components
By Technology
- Conventional
- Electric Powered
- Hybrid Prosthetics
By Cause
- Diabetes and Vascular Disease
- Cancer
- Accidents and Trauma
By End User
- Hospitals
- Clinics
- Other End Users
By Region
- North America (U.S., Canada, and Mexico)
- Europe (Germany, UK, France, Spain, Italy, Russia, Rest of Europe; Rest of Europe is further segmented into Netherlands, Switzerland, Poland, Sweden, Belgium, Austria, Ireland, Norway, Denmark, and Finland)
- APAC (Japan, China, South Korea, Australia, India, and Rest of APAC; Rest of APAC is further segmented into Malaysia, Singapore, Indonesia, Thailand, New Zealand, Vietnam, Taiwan, and Philippines)
- South America (Brazil, Chile, Argentina, Rest of South America)
- MEA (UAE, Saudi Arabia, South Africa, and Rest of MEA)
The breakdown of all regional markets by country and the breakdown of each national market by Product, Technology, and End User over the forecast years are also included.
Key Companies
The report also covers the current competitive scenario and profiles key vendors including market leaders and important emerging players. A selection of companies profiled in this report includes:
- Ability Matters Group
- Aether Biomedical sp. z o.o.
- Bauerfeind AG
- Blatchford Limited
- Boston Orthotics & Prosthetics
- Esper Bionics Inc.
- Fillauer LLC
- Hanger Inc.
- Mobius Bionics LLC
- Ossur HF
- Ottobock
- Smith & Nephew PLC
- Steeper Inc.
- Stryker Corporation
- Thuasne
- Ultraflex Systems Inc.
- Willowwood Global LLC
- Zimmer Biomet Holdings Inc.
