Prosthetics Market, By Type (Transradial, Transtibial, Transfemoral, Transhumeral and Others) By Application (Hospitals, Dental Clinics, Rehabilitation Centers, Prosthetic Clinics, Ambulatory Surgical Centers and Others) and By Region (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa) - Trends, Analysis and Forecast till 2034

Report Code: PMI494022 | Publish Date: February 2024 | No. of Pages: 175

Prosthetics Market Overview

Prosthetics Market was valued at US$ 7.1 Billion in 2024 and is projected to grow at a CAGR of 4.30% to reach US$ 10.9 Billion by 2034. Prosthetics are artificial body parts designed to replace the missing part of body like hand, leg, eyes, arms, joints lost due to accidents, disease and other reasons. The first prosthetic discovered was a ‘toe’ which belongs to a noblewoman, found in Egypt and dated between 950-710 B.C.E. The examples for prosthetic device includes, orthopedic shoes, braces, arm slings, eyeglasses, bone plates, pacemakers, hearing aids, arch supports, penile implants, incontinence control devices and others. Each Prosthetic device has its specific function and use. The amputees who have lost their body part during treatment like cancer, diabetes, severe infection and accidents need Prosthetics. Prosthetics are made from materials like titanium, silicone, acrylic resin, carbon fiber, aluminum and thermoplastics. Silicone gel and fiberfill are most commonly used prosthesis. Orthopedic Prosthetic implants are used to replace the missing parts like joints or bones which help to provide support to damaged bone. 

Prosthetics Market Dynamics

Increase in prevalence of disease and accidents

Increase in prevalence of disease like cancer, diabetes, heart disease etc., and rise in road accidents is one of the leading factors for the global prosthetics market growth. Due to loss of missing parts of the body an individual is unable to do the daily activities and can’t live the life properly. Thus, use of Prosthetics has given the individual to carry out daily activities like before. When leg or arm is lost prosthetic device play an important role in rehabilitation like to improve mobility and mange daily activities and support to the body.  Increase in population, unhealthy lifestyle, not obeying rules while driving vehicles which cause accidents, increase in prevalence of disease has become the major driving factors to boosts the growth in Global Prosthetic Market. According to data published by NIH in 2001,There are about 5000 amputations a year in United Kingdom, upto a third of patients have concomitant Diabetes which limits their walking ability due to additional health problems.  However, the growth in disease and accidents boosts the demand for Prosthetics market.

Technological advancement

Manufactures involved in Prosthetics market are developing advanced versions of their products due to new age technological advancements. The 3D printing, Bionic arms, Nerve detectors, Device implants, Digital design tools, Consciously controlled limbs with brain-controlled prosthetics are advances in Prosthetic Technology.  Microprocessor Technology is the latest technology used in Prosthetic which gives a greater freedom of movement to the wearer. Robotic Prosthetic has been given the rise in market growth. For instance, in 2021, MIT (Massachusetts Institute of Technology) has launched inflatable robotic hand which is soft and elastic thus, gives amputees real time tactile control and enables daily activities like shaking hands, zipping a suitcase and many more.

Restrains:

High cost of Prosthetic device due to its lifetime replacement will somewhat restrain the Prosthetics market growth.

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Prosthetics Market Segmentation

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

The global prosthetics market is segmented based on type, application, and region.

On the basis of type, the global prosthetics market is segmented into Transradial, Transtibial, Transfemoral, Transhumeral and Others. On the basis of application, the target market is classified into Hospitals, Dental Clinics, Rehabilitation Centers, Prosthetic Clinics, Ambulatory Surgical Centers and Others.

Regional Insights:

Disclaimer: This data is only a representation. Actual data may vary and will be available in the report.

On region the global prosthetics market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements. Moreover, rising prevalence of disease and accidents is anticipated to increase demand for prosthetics in the region.

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Report Scope:

Attribute

Details

Base year for estimation

2023

Forecast period

2024 – 2034

Market representation

Revenue in USD Billion & CAGR from 2024to 2034

Market Segmentation

By Type - Transradial, Transtibial, Transfemoral, Transhumeral and Others

By Application – Hospitals, Dental Clinics, Rehabilitation Centers, Prosthetic Clinics, Ambulatory Surgical Centers and Others

Regional scope

North America - U.S., Canada

Europe - UK, Germany, Spain, France, Italy, Russia, Rest of Europe

Asia Pacific - Japan, India, China, South Korea, Australia, Rest of Asia-Pacific

Latin America - Brazil, Mexico, Argentina, Rest of Latin America

Middle East & Africa - South Africa, Saudi Arabia, UAE, Rest of Middle East & Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments Covered in the Report:

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2024 to 2034. For the purpose of this study, has segmented the global prosthetics market report based on type, application, and region:

Global Prosthetics Market, By Type:

  • Transradial
  • Transtibial
  • Transfemoral
  • Transhumeral
  • Others

Global Prosthetics Market, By Application:

  • Hospitals
  • Dental Clinics
  • Rehabilitation Centers
  • Prosthetic Clinics
  • Ambulatory Surgical Centers
  • Others

Global Prosthetics Market, By Region:

      • North America
          • U.S.
          • Canada
      • Europe
          • Germany
          • UK
          • France
          • Russia
          • Italy
          • Rest of Europe
      • Asia Pacific
          • China
          • India
          • Japan
          • South Korea
          • Rest of Asia Pacific
      • Latin America
          • Brazil
          • Mexico
          • Rest of Latin America
      • Middle East & Africa
          • GCC
          • Israel
          • South Africa
          • Rest of Middle East & Africa

Prosthetics Market Key Players

The key players operating the global prosthetics market includes, Smith & Nephew plc., BioHorizons Inc., Dentsply Sirona Inc., Ossur, Braun Melsungen AG, Johnson & Johnson, Willow Wood Global LLC., Fillauer LLC, Strauman AG, Ottobock SE & Co., Hanger Inc., Danaher Corporation, GaA and Blatchford Group, Zimmer Biomet Holdings Inc., Ultraflex Systems Inc. For Instance, in 2021, DePuy Synthes (The Orthopaedics Company of Johnson & Johnson) announces acquisition of Orthospin which will help in healing and restoring movement of patients in the world.

Prosthetics Market Company Profile

  • Johnson & Johnson*
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Smith & Nephew plc.
  • BioHorizons Inc.,
  • Dentsply Sirona Inc.,
  • Ossur
  • Braun Melsungen AG
  • Willow Wood Global LLC.
  • Fillauer LLC,
  • Strauman AG,
  • Ottobock SE & Co.,
  • Hanger Inc.,
  • Danaher Corporation
  • GaA and Blatchford Group
  • Zimmer Biomet Holdings Inc.,
  • Ultraflex Systems Inc

 “*” marked represents similar segmentation in other categories in the respective section

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Prosthetics Market Table of Contents

  1. Research Objective and Assumption
    • Preface
    • Research Objectives
    • Study Scope
    • Years Considered for the study
    • Assumptions
    • Abbreviations
  2. Research Methodology
    • Research data
    • Primary Data
      • Primary Interviews
      • Primary Breakdown
      • Key data from Primary Sources
      • Key Thickness Insights
    • Secondary Data
      • Major Secondary Sources
      • Secondary Sources
    • Market Estimation
    • Top-Down Approach
      • Approach for estimating Market Share by Top-Down Analysis (Supply Side)
    • Bottom-Up Approach
      • Approach for estimating market share by Bottom-up Analysis (Demand Side)
    • Market Breakdown and Data Triangulation
    • Research Assumptions
  3. Market Purview
    • Executive Summary
    • Key Findings—Global Outlook for medical carts Strategies
      • Key Questions this Study will Answer
      • Market Snippet, By Type
      • Market Snippet, By Application
      • Market Snippet, By Region
    • Opportunity Map Analysis
    • Executive Summary—3 Big Predictions
  4. Market Dynamics, Regulations, and Trends Analysis
    • Market Dynamics
      • Drivers
      • Restraints
      • Market Opportunities
      • Market Trends
    • DR Impact Analysis
    • PEST Analysis
    • Porter’s Five Forces Analysis
    • Opportunity Orbit
    • Market Investment Feasibility Index
    • Macroeconomic Factor Analysis
  5. Global Prosthetics Market, By Type
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Transradial
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Transtibial
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Transfemoral
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Transhumeral
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  6. Global Prosthetics Market, By Application, 2020 – 2030, (US$ Bn)
    • Overview                                      
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Segment Trends
    • Hospitals
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Dental Clinics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Rehabilitation Centers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Prosthetic Clinics
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Ambulatory Surgical Centers
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
    • Others
      • Overview
      • Market Size and Forecast (US$ Bn), and Y-o-Y Growth (%), 2020 – 2030
  1. Global Prosthetics Market, By Region, 2020 – 2030, (US$ Bn)
    • Overview
      • Market Value and Forecast (US$ Bn), and Share Analysis (%), 2020 – 2030
      • Y-o-Y Growth Analysis (%), 2020 – 2030
      • Regional Trends
    • North America
      • Market Size and Forecast (US$ Bn), By Typer, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • U.S.
        • Canada
    • Europe
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • UK
        • France
        • Germany
        • Russia
        • Italy
        • Rest of Europe
    • Asia Pacific
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • India
        • Japan
        • South Korea
        • China
        • Rest of Asia Pacific
    • Latin America
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • Brazil
        • Mexico
        • Rest of Latin America
    • Middle East & Africa
      • Market Size and Forecast (US$ Bn), By Type, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Application, 2020 – 2030
      • Market Size and Forecast (US$ Bn), By Country, 2020 – 2030
        • GCC
        • Israel
        • South Africa
        • Rest of Middle East
  2. Competitive Landscape
    • Heat Map Analysis
    • Market Presence and Specificity Analysis
  3. Company Profiles
  • Smith & Nephew plc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • BioHorizons Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Dentsply Sirona Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ossur
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Braun Melsungen AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Johnson & Johnson
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Willow Wood Global LLC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Fillauer LLC.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Strauman AG
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ottobock SE & Co.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Hanger Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Danaher Corporation
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • GaA and Blatchford Group
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Zimmer Biomet Holdings Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  • Ultraflex Systems Inc.
    • Company Overview
    • Product Portfolio
    • Key Highlights
    • Financial Performance
    • Business Strategies
  1. The Last Word
    • Future Impact
    • About Us
    • Contact

FAQs

The Prosthetics Market is segmented into basis of on type, application, and region.

Increase in prevalence of disease like cancer, diabetes, heart disease etc., and rise in road accidents is one of the leading factors for the global prosthetics market growth.

By region, The North America market is estimated to witness a significantly high revenue share over the forecast period, owing to growing population, especially in countries such as Europe and Asia Pacific, and technological advancements.

The Key players operating in the Prosthetics Market includes Smith & Nephew plc., BioHorizons Inc., Dentsply Sirona Inc., Ossur, Braun Melsungen AG, Johnson & Johnson, Willow Wood Global LLC., Fillauer LLC, Strauman AG, Ottobock SE & Co., Hanger Inc., Danaher Corporation, GaA and Blatchford Group, Zimmer Biomet Holdings Inc., Ultraflex Systems Inc.