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
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$Mn) and Forecast, By End User
13.4.1. Hospital
13.4.2. Outpatient Centre
13.4.3. Trauma Centres
13.4.4. Orthopedic Clinics
13.5. Africa Orthopaedic Prosthetics Market Attractiveness Index
13.5.1. By Country
13.5.2. By Product Type
13.5.3. By End User
14. Competitive Landscape
14.1. Competition Dashboard
14.2. Company Profiles
14.2.1. Zimmer Biomet
14.2.1.1. Company Overview
14.2.1.2. Financial Overview
14.2.1.3. Key Developments
14.2.1.4. Strategies
14.2.1.5. Product Analysis
14.2.2. Depuy Synthes
14.2.3. Smith & Nephew
14.2.4. Stryker Corporation
14.2.5. Wright Medical Group
14.2.6. Lima Corporate
14.2.7. JRI companies
15. Acronyms
Frequently Asked Questions
What is the projected market size & Compound Annual Growth Rate (CAGR) of the market?
The global orthopedic prosthetics market in 2020 is estimated for more than US$ 2.3 Bn and expected to reach a value of US$ 3.6 Bn by 2028 with a significant CAGR of 6.0%.
What are the key factors driving the growth of market?
The constantly increasing geriatric population and significant revolution in the healthcare are the key factors driving the growth of market
What segments are covered in market report?
The orthopedic prosthetics market is segmented on the basis of product type, end-user, and by region.
What are the key participating players in the market?
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.
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