Bionic Prosthetic & Orthotic Market Analysis

The prosthetics and orthotics market is segmented based on type into prosthetics and orthotics. The orthotic segment is further segmented into lower limb, upper limb and spinal orthotics. Prosthetics, on the other hand, includes upper extremity and lower extremity prosthetics, liners, sockets and modular components. The orthotics segment is anticipated to grab the largest share by the end of 2021 on account of increased prevalence of osteoarthritis and penetration of orthopaedic technology. Moreover, there has been an increase in the incidence of sports injuries, which is also projected to contribute to the growth of the segment during the forecast period. 

 On the basis of application, the general medical & surgical hospitals segment in the market is projected to grow with a significant CAGR over the forecast period. The growth of the segment can be attributed to the fact that prosthetic and orthotic implant is a relatively rare occurrence and as a result, a considerable portion of the population with this requirement on a global level tend to choose healthcare facilities specializing in its treatment.

Our in-depth analysis of the global market includes the following segments: