Prosthetics and Orthotics Market size was valued at USD 7.25 billion in 2024 and is set to exceed USD 12.85 billion by 2037, registering over 4.5% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of prosthetics and orthotics is evaluated at USD 7.53 billion.
Increase in geriatric population across the world, along with the growing investment in the development of advanced technologies are expected to fuel the progress of this market. The growth of the market can also be attributed to factors such as rise in prevalence of diseases such as vascular diseases, diabetes and osteoarthritis, increase in rate of road accidents and sports injuries amongst individuals on a global level. According to the data published by United Nations, the number of people aged 60 or over is anticipated to more than double by 2050, by 962 million in 2017 to 2.1 billion in 2050 across the world.
Author Credits: Radhika Pawar
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