Global Orthopedic Prosthetics Market (2020 to 2024) - Forecast by Products, Regions & Company Analysis | Technavio

LONDON--(BUSINESS WIRE)--The orthopedic prosthetics market is expected to grow by USD 468.88 million, progressing at a CAGR of over 4% during the forecast period.

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The use of technically advanced orthopedic prosthetics is one of the major factors propelling market growth. However, factors such as the high cost of prosthetics will hamper the market growth.

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Orthopedic Prosthetics Market: Product Landscape

Factors such as the growing demand to restore the mobility of amputees, the rising awareness among the people, and technological advancements will fuel the adoption of lower extremity prosthetics in the market. Also, the high prevalence of diabetes, the increasing number of trauma cases, and the rapid advancement in lower extremity prosthetics will further drive the growth prospects of the lower extremity orthopedic prosthetics segment. Market growth in the lower extremity prosthetics segment will be significant during the forecast period.

Orthopedic Prosthetics Market: Geographic Landscape

North America was the largest orthopedic prosthetics market in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. The increasing prevalence of peripheral vascular diseases related to limbs and sports-related injuries and the rising number of cases of diabetes will significantly drive orthopedic prosthetics market growth in this region over the forecast period. 35% of the market's growth will originate from North America during the forecast period. The US and Canada are the key markets for orthopedic prosthetics in North America.

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Companies Covered:

• Blatchford Ltd.
• Fillauer LLC
• Globus Medical Inc.
• Johnson & Johnson
• Ossur hf.
• Ottobock SE & Co. KGaA
• Smith & Nephew Plc
• Stryker Corp.
• WillowWood Global LLC
• Zimmer Biomet Holdings Inc.

What our reports offer:

• Market share assessments for the regional and country-level segments
• Strategic recommendations for the new entrants
• Covers market data for 2019, 2020, until 2024
• Market trends (drivers, opportunities, threats, challenges, investment opportunities, and recommendations)
• Strategic recommendations in key business segments based on the market estimations
• Competitive landscaping mapping the key common trends
• Company profiling with detailed strategies, financials, and recent developments
• Supply chain trends mapping the latest technological advancements

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Key Topics Covered:

Executive Summary

• Market Overview

Market Landscape

• Market ecosystem
• Market characteristics
• Value chain analysis

Market Sizing

• Market definition
• Market segment analysis
• Market size 2019
• Market outlook: Forecast for 2019 - 2024

Five Forces Analysis

• Five forces summary
• Bargaining power of buyers
• Bargaining power of suppliers
• Threat of new entrants
• Threat of substitutes
• Threat of rivalry
• Market condition

Market Segmentation by Product

• Market segments
• Comparison by Product
• Lower extremity orthopedic prosthetics - Market size and forecast 2019-2024
• Upper extremity orthopedic prosthetics - Market size and forecast 2019-2024
• Market opportunity by Product

Customer landscape

• Overview

Geographic Landscape

• Geographic segmentation
• Geographic comparison
• North America - Market size and forecast 2019-2024
• Europe - Market size and forecast 2019-2024
• APAC - Market size and forecast 2019-2024
• South America - Market size and forecast 2019-2024
• MEA - Market size and forecast 2019-2024
• Key leading countries
• Market opportunity by geography
• Market drivers
• Market challenges
• Market trends

Vendor Landscape

• Overview
• Landscape disruption
• Competitive scenario

Vendor Analysis

• Vendors covered
• Market positioning of vendors
• Blatchford Ltd.
• Fillauer LLC
• Globus Medical Inc.
• Johnson & Johnson
• Ossur hf.
• Ottobock SE & Co. KGaA
• Smith & Nephew Plc
• Stryker Corp.
• WillowWood Global LLC
• Zimmer Biomet Holdings Inc.

Appendix

• Scope of the report
• Currency conversion rates for US$
• Research methodology
• List of abbreviations

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