Orthopedic Prosthetics Market Overview

The report is titled as ‘Orthopedic Prosthetics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the orthopedic prosthetics market is the main objective of the report, which further consists the market opportunity and insights of the data involved in the making of the respective market. The orthopedic prosthetics market is expected to grow with significant rate in the near future.

The global orthopedic prosthetics market in 2020 is estimated for more than US$ 2.3 Bn and expected to reach a value of US$ 3.6 Bn by 2028 with a significant CAGR of 6.0%.

Orthopedic Prosthetics Market Definition

Biological therapeutics is considerably emerging as one of the most opportune treatments for all the orthopedic and other related musculoskeletal problems influencing the geriatric population as well as athletes across the globe.

Noticeably, the rigid amount of research activities around the world aimed towards biologics and synthetic biologic products has increased aggressively which has resulted in propelling the effort to analyze and define the optimal applications for orthobiologics. Likewise, orthopedic prosthetics are an artificial substitute or replacement of bones in various parts of the body.

The most common orthopedic prosthetic tools are for knee, hip, ankle, elbow, leg among many others. These artificial orthopedic prosthetics are made up of materials such as carbon fiber, Kevlar, and titanium, which makes it an ideal combination of high strength and lightweight, which further contributes to its increasing demand in the global market. Owing to which, the global orthopedic prosthetics market is expected to propel swiftly in the coming years.

Orthopedic Prosthetics Market Dynamics

The constantly increasing geriatric population across the world and growing musculoskeletal problems associated with it is majorly projected to give a positive push to the growth of the global orthopedic prosthetics market during the forecast period.

Along with that, the significant revolution in the healthcare industry as well as in medical devices and treatments provided in recent past years is also projected to add to the growing demand of orthopedic prosthetics across the world. Attributing to which, the global orthopedic prosthetics market is expected to witness rapid growth in the near future.

In addition to that, the key market manufacturers of orthopedic prosthetics are also aiming their attention towards making significant advanced changes in their products in order to enhance the level of comfort, better fixation, usability, and superior resistance to wear and tear, thus making it more desirable in the global market. Hence, the global orthopedic prosthetics market is expected to rise higher during the forecast timeframe.

However, the high cost and inadequacy of knowledge regarding orthopedic prosthetics in a few emerging regions may hold back the growth of the global orthopedic prosthetics market in the near future.

Orthopedic Prosthetics Market Key Players

Some of the key participating players in the orthopedic prosthetics market are Zimmer Biomet, Depuy Synthes, Smith & Nephew, Stryker Corporation, Wright Medical Group, Lima Corporate, JRI companies.

Orthopedic Prosthetics Market Segmentation

The Orthopedic Prosthetics market is segmented on the basis of product type, end-user, and by region.

On the basis of product type, the orthopedic prosthetics market is segmented into

•    Upper Extremity Prosthetics

•    Lower Extremity Prosthetics

•    Braces

•    Spinal Orthotics

While on the basis of end-user the market can be segmented into

•    Hospital

•    Outpatient Centre

•    Trauma Centres

•    Orthopedic Clinics

On the basis of Region, the orthopedic prosthetics market is segmented into

•    North America (U.S., Canada)

•    Latin America (Brazil, Mexico, Argentina, Rest of Latin America)

•    Europe (U.K., Germany, Italy, France, Spain, Russia, Poland, BENELUX, NORDIC)

•    Asia Pacific (China, India, Japan, Australia and New Zealand, South Korea, ASEAN, Rest of Asia Pacific)

•    Middle East (GCC Countries, Israel, Oman, Rest of Middle East)

•    Africa (South Africa, Egypt, North Africa, Rest of Africa)

MMC Overview on Orthopedic Prosthetics Market Report

The non-identical approach of Meridian Market Consultants stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.

A research report on the Orthopedic Prosthetics market by Meridian Market Consultants is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.

Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.

Factors that are benchmarked while estimating the market

Various factors that are benchmarked while estimating the market growth includes (but not restricted to):

•    New product designs and launches

•    Current product compliance

•    Reimbursement

•    Concerns for use of Orthopedic Prosthetics

•    Advantages of Orthopedic Prosthetics

Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.

A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.

1.    Global Orthopaedic Prosthetics Market Report Overview

1.1.    Introduction

1.2.    Report Description

1.3.    Methodology

2.    Global Orthopaedic Prosthetics Market Overview

2.1.    Introduction

2.1.1.    Market Definition

2.1.2.    Market Taxonomy

2.2.    Executive Summary

2.3.    Global Orthopaedic Prosthetics Market Snapshot

2.4.    Global Orthopaedic Prosthetics Market Size And Forecast, 2020–2028

2.4.1.    Introduction

2.4.2.    Market Value Forecast And Annual Growth Rate (AGR) Comparison (2020–2028)

2.5.    Global Orthopaedic Prosthetics Market Dynamics

2.5.1.    Drivers

2.5.2.    Restraints

2.5.3.    Opportunity

2.5.4.    Trends

2.6.    Porter’s Five Forces Model

2.7.    SWOT Analysis

3.    Orthopaedic Prosthetics Assessment and Analysis

3.1.    Orthopaedic Prosthetics Impact Analysis 

3.2.    Actions to encourage use of Orthopaedic Prosthetics

3.3.    Orthopaedic Prosthetics Promotional Strategy Recommendation

3.4.    Road Map Analysis

3.5.    GAP Analysis

3.6.    Potential Analysis

4.    Covid-19 Impact on Orthopaedic Prosthetics Market

4.1.    Impact Analysis of Covid-19 on the global Orthopaedic Prosthetics market

4.2.    Effect On Value Chain

4.3.    Business Impact W.R.T Revenue 

4.4.    Volatility In Price 

4.5.    Effect On The Overall Trade 

4.6.    Market Impact Analysis In 2020 (Quarter Wise)

5.    Global Orthopaedic Prosthetics Market, By Product Type

5.1.    Introduction

5.1.1.    Annual Growth Rate Comparison, By Product Type

5.1.2.    BPS Analysis, By Product Type

5.2.    Market Revenue (US$Mn) and Forecast, By Product Type

5.2.1.    Upper Extremity Prosthetics

5.2.2.    Lower Extremity Prosthetics

5.2.3.    Braces

5.2.4.    Spinal Orthotics 

5.3.    Global Orthopaedic Prosthetics Market Attractiveness Index, By Product Type

6.    Global Orthopaedic Prosthetics Market, By End User 

6.1.    Introduction

6.1.1.    Annual Growth Rate Comparison, By End User 

6.1.2.    BPS Analysis, By End User 

6.2.    Market Revenue (US$Mn) and Forecast, By End User 

6.2.1.    Hospital

6.2.2.    Outpatient Centre

6.2.3.    Trauma Centres

6.2.4.    Orthopedic Clinics

6.3.    Global Orthopaedic Prosthetics Market Attractiveness Index, By End User 

7.    Global Orthopaedic Prosthetics Market, By Region

7.1.    Introduction

7.1.1.    Annual Growth Rate Comparison, By Region

7.1.2.    BPS Analysis, By Region

7.2.    Market Revenue (US$Mn) and Forecast, By Region

7.2.1.    North America

7.2.2.    Latin America

7.2.3.    Europe

7.2.4.    Asia Pacific

7.2.5.    Middle East 

7.2.6.    Africa

7.3.    Global Orthopaedic Prosthetics Market Attractiveness Index, By Region

8.    North America Orthopaedic Prosthetics Market Analysis and Forecast, 2020–2028

8.1.    Introduction

8.1.1.    Annual Growth Rate Comparison, By Country

8.1.2.    BPS Analysis, By Country

8.2.    Market Revenue (US$Mn) and Forecast, By Country

8.2.1.    U.S. Orthopaedic Prosthetics Market

8.2.2.    Canada Orthopaedic Prosthetics Market

8.3.    North America Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By Product Type

8.3.1.    Upper Extremity Prosthetics

8.3.2.    Lower Extremity Prosthetics

8.3.3.    Braces

8.3.4.    Spinal Orthotics

8.4.    North America Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By End User 

8.4.1.    Hospital

8.4.2.    Outpatient Centre

8.4.3.    Trauma Centres

8.4.4.    Orthopedic Clinics

8.5.    North America Orthopaedic Prosthetics Market Attractiveness Index

8.5.1.    By Country

8.5.2.    By Product Type

8.5.3.    By End User 

9.    Latin America Orthopaedic Prosthetics Market Analysis and Forecast, 2020–2028

9.1.    Introduction

9.1.1.    Annual Growth Rate Comparison, By Country

9.1.2.    BPS Analysis, By Country

9.2.    Market (US$Mn) Forecast, By Country

9.2.1.    Brazil Orthopaedic Prosthetics Market

9.2.2.    Mexico Orthopaedic Prosthetics Market

9.2.3.    Rest Of Latin America Orthopaedic Prosthetics Market

9.3.    Latin America Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By Product Type

9.3.1.    Upper Extremity Prosthetics

9.3.2.    Lower Extremity Prosthetics

9.3.3.    Braces

9.3.4.    Spinal Orthotics

9.4.    Latin America Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By End User 

9.4.1.    Hospital

9.4.2.    Outpatient Centre

9.4.3.    Trauma Centres

9.4.4.    Orthopedic Clinics

9.5.    Latin America Orthopaedic Prosthetics Market Attractiveness Index

9.5.1.    By Country

9.5.2.    By Product Type

9.5.3.    By End User 

10.    Europe Orthopaedic Prosthetics Market Analysis and Forecast, 2020–2028

10.1.    Introduction

10.1.1.    Annual Growth Rate Comparison, By Country

10.1.2.    BPS Analysis, By Country

10.2.    Market (US$Mn) Forecast, By Country

10.2.1.    U.K. Orthopaedic Prosthetics Market

10.2.2.    Germany Orthopaedic Prosthetics Market

10.2.3.    Italy Orthopaedic Prosthetics Market

10.2.4.    France Orthopaedic Prosthetics Market

10.2.5.    Spain Orthopaedic Prosthetics Market

10.2.6.    Russia Orthopaedic Prosthetics Market

10.2.7.    Rest Of Europe Orthopaedic Prosthetics Market

10.3.    Europe Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By Product Type

10.3.1.    Upper Extremity Prosthetics

10.3.2.    Lower Extremity Prosthetics

10.3.3.    Braces

10.3.4.    Spinal Orthotics

10.4.    Europe Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By End User 

10.4.1.    Hospital

10.4.2.    Outpatient Centre

10.4.3.    Trauma Centres

10.4.4.    Orthopedic Clinics

10.5.    Europe Orthopaedic Prosthetics Market Attractiveness Index

10.5.1.    By Country

10.5.2.    By Product Type

10.5.3.    By End User 

11.    Asia Pacific Orthopaedic Prosthetics Market Analysis and Forecast, 2020–2028

11.1.    Introduction

11.1.1.    Annual Growth Rate Comparison, By Country

11.1.2.    BPS Analysis, By Country

11.2.    Market (US$Mn) Forecast, By Country

11.2.1.    China Orthopaedic Prosthetics Market

11.2.2.    India Orthopaedic Prosthetics Market

11.2.3.    Japan Orthopaedic Prosthetics Market

11.2.4.    Australia and New Zealand Orthopaedic Prosthetics Market

11.2.5.    South Korea Orthopaedic Prosthetics Market

11.2.6.    Rest of Asia Pacific Orthopaedic Prosthetics Market

11.3.    Asia Pacific Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By Product Type

11.3.1.    Upper Extremity Prosthetics

11.3.2.    Lower Extremity Prosthetics

11.3.3.    Braces

11.3.4.    Spinal Orthotics

11.4.    Asia Pacific Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By End User 

11.4.1.    Hospital

11.4.2.    Outpatient Centre

11.4.3.    Trauma Centres

11.4.4.    Orthopedic Clinics

11.5.    Asia Pacific Orthopaedic Prosthetics Market Attractiveness Index

11.5.1.    By Country

11.5.2.    By Product Type

11.5.3.    By End User 

12.    Middle East Orthopaedic Prosthetics Market Analysis and Forecast, 2020–2028

12.1.    Introduction

12.1.1.    Annual Growth Rate Comparison, By Country

12.1.2.    BPS Analysis, By Country

12.2.    Market (US$Mn) Forecast, By Country

12.2.1.    GCC Countries Orthopaedic Prosthetics Market

12.2.2.    Israel Orthopaedic Prosthetics Market

12.2.3.    Rest Of Middle East Orthopaedic Prosthetics Market

12.3.    Middle East Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By Product Type

12.3.1.    Upper Extremity Prosthetics

12.3.2.    Lower Extremity Prosthetics

12.3.3.    Braces

12.3.4.    Spinal Orthotics

12.4.    Middle East Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By End User 

12.4.1.    Hospital

12.4.2.    Outpatient Centre

12.4.3.    Trauma Centres

12.4.4.    Orthopedic Clinics

12.5.    Middle East Orthopaedic Prosthetics Market Attractiveness Index

12.5.1.    By Country

12.5.2.    By Product Type

12.5.3.    By End User 

13.    Africa Orthopaedic Prosthetics Market Analysis and Forecast, 2020–2028

13.1.    Introduction

13.1.1.    Annual Growth Rate Comparison, By Country

13.1.2.    BPS Analysis, By Country

13.2.    Market (US$Mn) Forecast, By Country

13.2.1.    South Africa Countries Orthopaedic Prosthetics Market

13.2.2.    Egypt Orthopaedic Prosthetics Market

13.2.3.    North Africa Orthopaedic Prosthetics Market

13.2.4.    Rest of Africa Orthopaedic Prosthetics Market

13.3.    Africa Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By Product Type

13.3.1.    Upper Extremity Prosthetics

13.3.2.    Lower Extremity Prosthetics

13.3.3.    Braces

13.3.4.    Spinal Orthotics

13.4.    Africa Orthopaedic Prosthetics Market Revenue (US$Mn) and Forecast, By End User 

13.4.1.    Hospital

13.4.2.    Outpatient Centre

13.4.3.    Trauma Centres

13.4.4.    Orthopedic Clinics

13.5.    Africa Orthopaedic Prosthetics Market Attractiveness Index

13.5.1.    By Country

13.5.2.    By Product Type

13.5.3.    By End User 

14.    Competitive Landscape

14.1.    Competition Dashboard

14.2.    Company Profiles

14.2.1.    Zimmer Biomet

14.2.1.1.    Company Overview

14.2.1.2.    Financial Overview

14.2.1.3.    Key Developments

14.2.1.4.    Strategies

14.2.1.5.    Product Analysis

14.2.2.    Depuy Synthes

14.2.3.    Smith & Nephew

14.2.4.    Stryker Corporation

14.2.5.    Wright Medical Group

14.2.6.    Lima Corporate

14.2.7.    JRI companies

15.    Acronyms