Global Orthopaedic Prosthetics Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Test Type;

Upper Extremity Prosthetics - Hand Prosthetics, Elbow Prosthetics and Shoulder Prosthetics, Lower Extremity Prosthetics - Foot & Ankle Prosthetics, Knee Prosthetics and Hip Prosthetics, Liners, Sockets, and Modular Components.

By Technology Type;

Conventional, Electric Powered, and Hybrid Prosthetics.

By End User Type;

Hospitals, Prosthetic Clinics, Rehabilitation Centers, and Others.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn580365320 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Orthopaedic Prosthetics Market (USD Million), 2021 - 2031

In the year 2024, the Global Orthopaedic Prosthetics Market was valued at USD 2,250.40 million. The size of this market is expected to increase to USD 3,487.90 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 6.5%.

The global orthopaedic prosthetics market is experiencing notable growth, driven by factors such as an increasing prevalence of orthopaedic disorders, advancements in prosthetic technologies, and a growing aging population. Orthopaedic prosthetics are artificial devices used to replace or enhance the function of missing or impaired limbs, providing mobility and improving the quality of life for individuals with musculoskeletal disabilities. With a rising number of orthopaedic injuries, amputations, and chronic conditions such as osteoarthritis and rheumatoid arthritis, the demand for orthopaedic prosthetic devices is expected to continue growing significantly.

Technological advancements are revolutionizing the orthopaedic prosthetics market, with innovations such as 3D printing, lightweight materials, and advanced sensors enhancing the design, comfort, and functionality of prosthetic devices. These innovations allow for more personalized and customized prosthetic solutions, tailored to the unique needs and preferences of individual patients. Additionally, advancements in prosthetic control systems and integration with wearable technology are improving the user experience and enabling greater mobility and independence for prosthetic users.

Furthermore, the growing emphasis on rehabilitation and physical therapy, coupled with increasing healthcare expenditure and insurance coverage for orthopaedic prosthetic devices, is driving market growth. Governments and healthcare organizations are investing in initiatives to improve access to orthopaedic prosthetics, particularly in developing regions where the burden of orthopaedic disabilities is high. Moreover, collaborations between prosthetic manufacturers, healthcare providers, and research institutions are fostering innovation and driving the development of next-generation orthopaedic prosthetic solutions. With ongoing technological advancements and a growing focus on improving patient outcomes, the global orthopaedic prosthetics market is poised for continued expansion in the coming years.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Test Type
    2. Market Snapshot, By Technology Type
    3. Market Snapshot, By End User Type
    4. Market Snapshot, By Region
  4. Global Orthopaedic Prosthetics Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Prevalence of Orthopaedic Disorders
        2. Advancements in Prosthetic Technologies
        3. Aging Population
      2. Restraints
        1. High Cost of Prosthetic Devices
        2. Limited Accessibility in Developing Regions
        3. Regulatory Hurdles
      3. Opportunities
        1. Technological Innovations (e.g., 3D Printing)
        2. Growing Emphasis on Rehabilitation
        3. Increasing Healthcare Expenditure
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market Segmentation
    1. Global Orthopaedic Prosthetics Market, By Test Type, 2021 - 2031 (USD Million)
      1. Upper Extremity Prosthetics
        1. Hand Prosthetics
        2. Elbow Prosthetics
        3. Shoulder Prosthetics
      2. Lower Extremity Prosthetics
        1. Foot & Ankle Prosthetics
        2. Knee Prosthetics
        3. Hip Prosthetics
      3. Liners
        1. Sockets
        2. Modular Component
    2. Global Orthopaedic Prosthetics Market, By Technology Type, 2021 - 2031 (USD Million)
      1. Conventional
      2. Electric Powered
      3. Hybrid Prosthetics
    3. Global Orthopaedic Prosthetics Market, By End User Type, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Prosthetic Clinics
      3. Rehabilitation Centers
      4. Others
    4. Global Orthopaedic Prosthetics Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Össur hf
      2. Zimmer Biomet Holdings, Inc.
      3. Stryker Corporation
      4. Ottobock SE & Co. KGaA
      5. Johnson & Johnson (DePuy Synthes)
      6. Smith & Nephew plc
      7. Blatchford Group
      8. WillowWood Global LLC
      9. Fillauer LLC
      10. Hanger, Inc
  7. Analyst Views
  8. Future Outlook of the Market