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Business Opportunities and Investment Strategies for Global Prosthetics and Orthotics Market 2023-2033

May 2024 | 176 pages | ID: BC9C401B1136EN
GMD Research

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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
  • Upper Limb
  • Lower Limb
  • Spinal
  • Prosthetic Products
  • Upper Extremity
  • Lower Extremity
  • Liners
  • Sockets
  • 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.
1 INTRODUCTION

1.1 Industry Definition and Research Scope
  1.1.1 Industry Definition
  1.1.2 Research Scope
1.2 Research Methodology
  1.2.1 Overview of Market Research Methodology
  1.2.2 Market Assumption
  1.2.3 Secondary Data
  1.2.4 Primary Data
  1.2.5 Data Filtration and Model Design
  1.2.6 Market Size/Share Estimation
  1.2.7 Research Limitations
1.3 Executive Summary

2 MARKET OVERVIEW AND DYNAMICS

2.1 Market Size and Forecast
  2.1.1 Impact of COVID-19 on World Economy
  2.1.2 Impact of COVID-19 on the Market
  2.1.3 Impact of Russia-Ukraine Conflict
  2.1.4 Impact of Israel-Palestine War
2.2 Major Growth Drivers
2.3 Market Restraints and Challenges
2.4 Emerging Opportunities and Market Trends
2.5 Porter’s Fiver Forces Analysis

3 SEGMENTATION OF GLOBAL MARKET BY PRODUCT

3.1 Market Overview by Product
3.2 Orthotic Products
3.3 Prosthetic Products

4 SEGMENTATION OF GLOBAL MARKET BY TECHNOLOGY

4.1 Market Overview by Technology
4.2 Conventional
4.3 Electric Powered
4.4 Hybrid Prosthetics

5 SEGMENTATION OF GLOBAL MARKET BY CAUSE

5.1 Market Overview by Cause
5.2 Diabetes and Vascular Disease
5.3 Cancer
5.4 Accidents and Trauma

6 SEGMENTATION OF GLOBAL MARKET BY END USER

6.1 Market Overview by End User
6.2 Hospitals
6.3 Clinics
6.4 Other End Users

7 SEGMENTATION OF GLOBAL MARKET BY REGION

7.1 Geographic Market Overview 2023-2033
7.2 North America Market 2023-2033 by Country
  7.2.1 Overview of North America Market
  7.2.2 U.S.
  7.2.3 Canada
  7.2.4 Mexico
7.3 European Market 2023-2033 by Country
  7.3.1 Overview of European Market
  7.3.2 Germany
  7.3.3 U.K.
  7.3.4 France
  7.3.5 Spain
  7.3.6 Italy
  7.3.7 Russia
  7.3.8 Rest of European Market
7.4 Asia-Pacific Market 2023-2033 by Country
  7.4.1 Overview of Asia-Pacific Market
  7.4.2 Japan
  7.4.3 China
  7.4.4 Australia
  7.4.5 India
  7.4.6 South Korea
  7.4.7 Rest of APAC Region
7.5 South America Market 2023-2033 by Country
  7.5.1 Argentina
  7.5.2 Brazil
  7.5.3 Chile
  7.5.4 Rest of South America Market
7.6 MEA Market 2023-2033 by Country
  7.6.1 UAE
  7.6.2 Saudi Arabia
  7.6.3 South Africa
  7.6.4 Other National Markets

8 COMPETITIVE LANDSCAPE

8.1 Overview of Key Vendors
8.2 New Product Launch, Partnership, Investment, and M&A
8.3 Company Profiles
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.

9 INVESTING IN PROSTHETICS AND ORTHOTICS INDUSTRY: RISK ASSESSMENT AND MANAGEMENT

9.1 Risk Evaluation of Global Market
9.2 Critical Success Factors (CSFs)
RELATED REPORTS

LIST OF TABLES

Table 1. Snapshot of Global Prosthetics and Orthotics Market in Balanced Perspective, 2023-2033
Table 2. World Economic Outlook, 2024-2036
Table 3. World Economic Outlook, 2022-2024
Table 4. Scenarios for Economic Impact of Ukraine Crisis
Table 5. Scenarios for Economic Impact of Israel-Palestine War
Table 6. World Health Spending by Region, $ bn, 2013-2020
Table 7. Main Product Trends and Market Opportunities in Global Prosthetics and Orthotics Market
Table 8. Global Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 9. Global Prosthetics and Orthotics Market: Orthotic Products by Type, 2023-2033, $ mn
Table 10. Global Prosthetics and Orthotics Market: Prosthetic Products by Type, 2023-2033, $ mn
Table 11. Global Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 12. Global Prosthetics and Orthotics Market by Cause, 2023-2033, $ mn
Table 13. Global Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 14. Global Prosthetics and Orthotics Market by Region, 2023-2033, $ mn
Table 15. Leading National Prosthetics and Orthotics Market, 2023 and 2033, $ mn
Table 16. North America Prosthetics and Orthotics Market by Country, 2023-2033, $ mn
Table 17. U.S. Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 18. U.S. Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 19. U.S. Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 20. Canada Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 21. Canada Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 22. Canada Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 23. Mexico Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 24. Mexico Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 25. Mexico Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 26. Europe Prosthetics and Orthotics Market by Country, 2023-2033, $ mn
Table 27. Germany Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 28. Germany Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 29. Germany Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 30. U.K. Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 31. U.K. Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 32. U.K. Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 33. France Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 34. France Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 35. France Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 36. Spain Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 37. Spain Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 38. Spain Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 39. Italy Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 40. Italy Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 41. Italy Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 42. Russia Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 43. Russia Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 44. Russia Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 45. Prosthetics and Orthotics Market in Rest of Europe by Country, 2023-2033, $ mn
Table 46. APAC Prosthetics and Orthotics Market by Country, 2023-2033, $ mn
Table 47. Japan Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 48. Japan Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 49. Japan Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 50. China Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 51. China Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 52. China Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 53. Australia Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 54. Australia Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 55. Australia Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 56. India Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 57. India Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 58. India Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 59. South Korea Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 60. South Korea Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 61. South Korea Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 62. Prosthetics and Orthotics Market in Rest of APAC by Country/Region, 2023-2033, $ mn
Table 63. South America Prosthetics and Orthotics Market by Country, 2023-2033, $ mn
Table 64. Argentina Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 65. Argentina Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 66. Argentina Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 67. Brazil Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 68. Brazil Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 69. Brazil Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 70. Chile Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 71. Chile Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 72. Chile Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 73. MEA Prosthetics and Orthotics Market by Country, 2023-2033, $ mn
Table 74. UAE Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 75. UAE Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 76. UAE Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 77. Saudi Arabia Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 78. Saudi Arabia Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 79. Saudi Arabia Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 80. South Africa Prosthetics and Orthotics Market by Product, 2023-2033, $ mn
Table 81. South Africa Prosthetics and Orthotics Market by Technology, 2023-2033, $ mn
Table 82. South Africa Prosthetics and Orthotics Market by End User, 2023-2033, $ mn
Table 83. Ability Matters Group: Company Snapshot
Table 84. Ability Matters Group: Business Segmentation
Table 85. Ability Matters Group: Product Portfolio
Table 86. List of Risk Factors and Weight Percentages/Theoretical Maximum
Table 87. Definition of GMD Relative Risk Index Number (Relative RIN) and GMD Risk Intensity Level (RIL)
Table 88. Risk Evaluation for Investing in Global Market, 2023-2033
Table 89. Critical Success Factors and Key Takeaways

LIST OF FIGURES

Figure 1. Research Method Flow Chart
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation
Figure 3. Global Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2023-2033
Figure 4. Global Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 5. Impact of COVID-19 on Business
Figure 6. Primary Drivers and Impact Factors of Global Prosthetics and Orthotics Market
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060
Figure 9. Primary Restraints and Impact Factors of Global Prosthetics and Orthotics Market
Figure 10. Porter’s Fiver Forces Analysis of Global Prosthetics and Orthotics Market
Figure 11. Growth Opportunity Analysis by Product
Figure 12. Breakdown of Global Prosthetics and Orthotics Market by Product, 2023-2033, % of Revenue
Figure 13. Global Addressable Market Cap in 2024-2033 by Product, Value ($ mn) and Share (%)
Figure 14. Global Prosthetics and Orthotics Market by Product: Orthotic Products, 2023-2033, $ mn
Figure 15. Global Prosthetics and Orthotics Market by Product: Prosthetic Products, 2023-2033, $ mn
Figure 16. Growth Opportunity Analysis by Technology
Figure 17. Breakdown of Global Prosthetics and Orthotics Market by Technology, 2023-2033, % of Sales Revenue
Figure 18. Global Addressable Market Cap in 2024-2033 by Technology, Value ($ mn) and Share (%)
Figure 19. Global Prosthetics and Orthotics Market by Technology: Conventional, 2023-2033, $ mn
Figure 20. Global Prosthetics and Orthotics Market by Technology: Electric Powered, 2023-2033, $ mn
Figure 21. Global Prosthetics and Orthotics Market by Technology: Hybrid Prosthetics, 2023-2033, $ mn
Figure 22. Growth Opportunity Analysis by Cause
Figure 23. Breakdown of Global Prosthetics and Orthotics Market by Cause, 2023-2033, % of Sales Revenue
Figure 24. Global Addressable Market Cap in 2024-2033 by Cause, Value ($ mn) and Share (%)
Figure 25. Global Prosthetics and Orthotics Market by Cause: Diabetes and Vascular Disease, 2023-2033, $ mn
Figure 26. Global Prosthetics and Orthotics Market by Cause: Cancer, 2023-2033, $ mn
Figure 27. Global Prosthetics and Orthotics Market by Cause: Accidents and Trauma, 2023-2033, $ mn
Figure 28. Growth Opportunity Analysis by End User
Figure 29. Breakdown of Global Prosthetics and Orthotics Market by End User, 2023-2033, % of Revenue
Figure 30. Global Addressable Market Cap in 2024-2033 by End User, Value ($ mn) and Share (%)
Figure 31. Global Prosthetics and Orthotics Market by End User: Hospitals, 2023-2033, $ mn
Figure 32. Global Prosthetics and Orthotics Market by End User: Clinics, 2023-2033, $ mn
Figure 33. Global Prosthetics and Orthotics Market by End User: Other End Users, 2023-2033, $ mn
Figure 34. Global Market Snapshot by Region
Figure 35. Growth Opportunity Analysis of Global Market by Region
Figure 36. Geographic Spread of Worldwide Prosthetics and Orthotics Market, 2023-2033, % of Sales Revenue
Figure 37. Global Addressable Market Cap in 2024-2033 by Region, Value ($ mn) and Share (%)
Figure 38. North American Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 39. Growth Opportunity Analysis of North America Market by Country
Figure 40. Breakdown of North America Prosthetics and Orthotics Market by Country, 2023 and 2033, % of Revenue
Figure 41. Contribution to North America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 42. U.S. Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 43. Canada Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 44. Prosthetics and Orthotics Market in Mexico, 2023-2033, $ mn
Figure 45. European Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 46. Growth Opportunity Analysis of Europe Market by Country
Figure 47. Breakdown of European Prosthetics and Orthotics Market by Country, 2023 and 2033, % of Revenue
Figure 48. Contribution to Europe 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 49. Prosthetics and Orthotics Market in Germany, 2023-2033, $ mn
Figure 50. Prosthetics and Orthotics Market in U.K., 2023-2033, $ mn
Figure 51. Prosthetics and Orthotics Market in France, 2023-2033, $ mn
Figure 52. Prosthetics and Orthotics Market in Spain, 2023-2033, $ mn
Figure 53. Prosthetics and Orthotics Market in Italy, 2023-2033, $ mn
Figure 54. Prosthetics and Orthotics Market in Russia, 2023-2033, $ mn
Figure 55. Prosthetics and Orthotics Market in Rest of Europe, 2023-2033, $ mn
Figure 56. Asia-Pacific Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 57. Growth Opportunity Analysis of Asia-Pacific Market by Country
Figure 58. Breakdown of APAC Prosthetics and Orthotics Market by Country, 2023 and 2033, % of Revenue
Figure 59. Contribution to APAC 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 60. Prosthetics and Orthotics Market in Japan, 2023-2033, $ mn
Figure 61. Prosthetics and Orthotics Market in China, 2023-2033, $ mn
Figure 62. Prosthetics and Orthotics Market in Australia, 2023-2033, $ mn
Figure 63. Prosthetics and Orthotics Market in India, 2023-2033, $ mn
Figure 64. Prosthetics and Orthotics Market in South Korea, 2023-2033, $ mn
Figure 65. Prosthetics and Orthotics Market in Rest of APAC, 2023-2033, $ mn
Figure 66. South America Prosthetics and Orthotics Market, 2023-2033, $ mn
Figure 67. Growth Opportunity Analysis of South America Market by Country
Figure 68. Breakdown of South America Prosthetics and Orthotics Market by Country, 2023 and 2033, % of Revenue
Figure 69. Contribution to South America 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 70. Prosthetics and Orthotics Market in Argentina, 2023-2033, $ mn
Figure 71. Prosthetics and Orthotics Market in Brazil, 2023-2033, $ mn
Figure 72. Prosthetics and Orthotics Market in Chile, 2023-2033, $ mn
Figure 73. Prosthetics and Orthotics Market in Rest of South America, 2023-2033, $ mn
Figure 74. Prosthetics and Orthotics Market in Middle East and Africa (MEA), 2023-2033, $ mn
Figure 75. Growth Opportunity Analysis of MEA Market by Country
Figure 76. Breakdown of MEA Prosthetics and Orthotics Market by Country, 2023 and 2033, % of Revenue
Figure 77. Contribution to MEA 2024-2033 Cumulative Market by Country, Value ($ mn) and Share (%)
Figure 78. Prosthetics and Orthotics Market in UAE, 2023-2033, $ mn
Figure 79. Prosthetics and Orthotics Market in Saudi Arabia, 2023-2033, $ mn
Figure 80. Prosthetics and Orthotics Market in South Africa, 2023-2033, $ mn
Figure 81. Prosthetics and Orthotics Market in the Rest of MEA, 2023-2033, $ mn
Figure 82. Growth Stage of Global Prosthetics and Orthotics Industry over the Forecast Period
Figure 83. Comparison of Risk Factors by GMD RIN in 2023
Figure 84. GMD Relative RIN of Internal Risk Factors in 2023 on Radar Chart
Figure 85. GMD Relative RIN of External Risk Factors in 2023 on Radar Chart


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