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 patient’s 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 Scheck’s 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 Exactech’s growth strategy and commitment to improving surgeon experience and patient outcomes.
Orthopedic Prosthetics Market: Restraints
+ Expensive equipment and infrastructure needed
+ Unavailability of skilled personnel
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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 2018 in Thailand, discussed ongoing and emerging issues related to prosthetics and orthotics, thus giving the APAC market a significant boost.
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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), Össur (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 2018, 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)—North 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
1. Introduction
a. Scope and Objective
b. Assumptions and Acronyms
c. Forecast Factors
d. Research Methodology
2. Executive Summary
a. Industry Cluster Analysis
b. Competition Matrix
c. Strategies Recommendations
3. Market Definition
a. Report Scope (Inclusions & Exclusions)
b. Market Segmentation
4. Global Orthopedic Prosthetics Market Overview
a. Global Orthopedic Prosthetics Market Revenue (USD Mn)
5. Key Inclusions
a. Porter’s Five Force analysis
b. Market Dynamics
c. Industry Trends
d. Regulatory Guidelines
e. Opportunities in Orthopedic Prosthetics
6. Competition Dynamics
a. Company Share Analysis (2018)
b. Top 10 Product Pricing by Region
7. Global Orthopedic Prosthetics Market Revenue (USD Mn), 2018-2026 by Product Type
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2018-2026
i. Upper Extremity Prosthetics
ii. Lower Extremity Prosthetics
iii. Braces
iv. Spinal Orthotics
8. Global Orthopedic Prosthetics Market Revenue (USD Mn), 2018-2026 by End User
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
i. Hospital
ii. Outpatient Centre
iii. Trauma Centres
iv. Orthopedic Clinics
9. Global Orthopedic Prosthetics Market Revenue (USD Mn), 2018-2026 by Region
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Region,2026
i. North America
ii. Latin America
iii. Europe
iv. Asia Pacific
v. Rest of world
10. North America Orthopedic Prosthetics Market Revenue (US$ Mn), 2018-2026
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
i. US
ii. Canada
e. Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2018-2026
i. Upper Extremity Prosthetics
ii. Lower Extremity Prosthetics
iii. Braces
iv. Spinal Orthotics
f. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
i. Hospital
ii. Outpatient Centre
iii. Trauma Centres
iv. Orthopedic Clinics
11. Latin America Orthopedic Prosthetics Market Revenue (US$ Mn), 2018-2026
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
i. Brazil
ii. Mexico
iii. Argentina
iv. Rest of Latin America
e. Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2018-2026
i. Upper Extremity Prosthetics
ii. Lower Extremity Prosthetics
iii. Braces
iv. Spinal Orthotics
f. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
i. Hospital
ii. Outpatient Centre
iii. Trauma Centres
iv. Orthopedic Clinics
12. Europe America Orthopedic Prosthetics Market Revenue (US$ Mn), 2018-2026
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
i. Germany
ii. France
iii. Spain
iv. UK
v. Russia
vi. Poland
vii. Rest of Europe
e. Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2018-2026
i. Upper Extremity Prosthetics
ii. Lower Extremity Prosthetics
iii. Braces
iv. Spinal Orthotics
f. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
i. Hospital
ii. Outpatient Centre
iii. Trauma Centres
iv. Orthopedic Clinics
13. Asia Pacific America Orthopedic Prosthetics Market Revenue (US$ Mn), 2018-2026
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
i. Emerging Asia
1. China
2. India
3. ASEAN-5
4. Rest of Emerging Asia
ii. Japan
e. Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2018-2026
i. Upper Extremity Prosthetics
ii. Lower Extremity Prosthetics
iii. Braces
iv. Spinal Orthotics
f. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
i. Hospital
ii. Outpatient Centre
iii. Trauma Centres
iv. Orthopedic Clinics
14. Rest of World America Orthopedic Prosthetics Market Revenue (US$ Mn), 2018-2026
a. Key Market Findings
b. Long Term ROI Segments
c. Revenue Opportunity Influencing Factors
d. Market Revenue (USD Mn) Assessment and Forecast by Country, 2018-2026
i. Middle East
ii. South Africa
iii. North Africa
iv. Rest of World
e. Market Revenue (USD Mn) Assessment and Forecast by Product Type, 2018-2026
i. Upper Extremity Prosthetics
ii. Lower Extremity Prosthetics
iii. Braces
iv. Spinal Orthotics
f. Market Revenue (USD Mn) Assessment and Forecast by End User, 2018-2026
i. Hospital
ii. Outpatient Centre
iii. Trauma Centres
iv. Orthopedic Clinics
15. Company Profiles
a. Competition Landscape
b. Global Company Share (USD Mn) Overview, 2018
c. Company Profiles
i. Zimmer Biomet
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
ii. Depuy Synthes
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
iii. Smith & Nephew
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
iv. Stryker Corporation
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
v. Wright medical Group
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
vi. Lima Corporate
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
vii. JRI companies
1. Corporate Overview
2. Financial Performance
3. Peer Comparison & 3C marketing equation
4. Company Strategy & Channel Management
16. Research Sources & Primary Verbatim
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