Prosthetics and Orthotics Sector: Growth Drivers and Challenges
Growth Drivers
- Increasing Geriatric Population in the World
- Growing investment in the development of advanced technologies
Challenges
- Entry barriers in terms of Regulatory Guidelines
- Shortage of well-equipped rehabilitation centers
Prosthetics and Orthotics Market: Key Insights
|
Base Year |
2024 |
|
Forecast Year |
2025-2037 |
|
CAGR |
4.5% |
|
Base Year Market Size (2024) |
USD 7.25 billion |
|
Forecast Year Market Size (2037) |
USD 12.85 billion |
|
Regional Scope |
|
Browse key industry insights with market data tables & charts from the report:
Frequently Asked Questions (FAQ)
In the year 2025, the industry size of prosthetics and orthotics is evaluated at USD 7.53 billion.
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.
Asia Pacific industry is poised to dominate majority revenue share by 2037, due to rise in number of road accidents and increase in diabetes-related amputations.
The major players in the market are Ossur Corporate, Zimmer Biomet, Blatchford Inc., and Fillauer LLC, among others.
