Global Prosthetics And Orthotics Market Size & Outlook
Global prosthetics and orthotics market, 2018-2030 (US$M)
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Global prosthetics and orthotics market highlights
- The global prosthetics and orthotics market generated a revenue of USD 6,652.9 million in 2022 and is expected to reach USD 9,310.7 million by 2030.
- The market is expected to grow at a CAGR (2023 - 2030) of 4.3% by 2030.
- In terms of segment, orthotics accounted for a revenue of USD 4,824.7 million in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
- In terms of region, North America was the largest revenue generating market in 2022.
- Country-wise, Germany is expected to register the highest CAGR from 2023 to 2030.
Global data book summary
| Market revenue in 2022 | USD 6,652.9 million |
| Market revenue in 2030 | USD 9,310.7 million |
| Growth rate | 4.3% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data covered | 2017 - 2021 |
| Base year for estimation | 2022 |
| Forecast period covered | 2023 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Orthotics, Prosthetics |
Other key industry trends
- In terms of revenue, the North America accounted for 37.3% of the global prosthetics and orthotics market in 2022.
- By country, the U.S. is projected to lead the global market in terms of revenue in 2030.
- By country, Germany is the fastest growing regional market and is projected to reach USD 446.0 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Global prosthetics and orthotics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to prosthetics and orthotics market will help companies and investors design strategic landscapes.
Orthotics was the largest segment with a revenue share of 72.52% in 2024. Horizon Databook has segmented the Global prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2018 to 2030.
- Global Prosthetics And Orthotics Type Outlook (Revenue, USD Million, 2018-2030)
- Orthotics
- Upper limb orthotesis
- Lower limb orthotesis
- Spinal orthotesis
- Prosthetics
- Upper extremity prosthetics
- Lower extremity prosthetics
- Liners
- Sockets
- Modular components
- Orthotics
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Target buyers of Global prosthetics and orthotics market databook
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Our clientele includes a mix of prosthetics and orthotics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of global-level data and insights on the Global prosthetics and orthotics market , including forecasts for subscribers. This global databook contains high-level insights into Global prosthetics and orthotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Global prosthetics and orthotics market size, by regions, 2018-2030 (US$M)
Top 10 countries: Prosthetics and orthotics market size, 2024 (US$M)
Global prosthetics and orthotics market share, by type, 2024 & 2030 (%, US$M)
Prosthetics and orthotics market: Opportunity assessment by country
Global prosthetics and orthotics market, by region, 2024 (US$M)
| Type | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 | CAGR |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| North America | 2,163.2 | 2,261.3 | 2,093.2 | 2,182.4 | 2,259.5 | 2,341.5 | 2,426.1 | 2,515.6 | 2,614.3 | 2,716.4 | 2,827.3 | 2,936.5 | 3,044.0 | 3.9% |
| Europe | 1,755.8 | 1,842.8 | 1,712.8 | 1,793.1 | 1,864.0 | 1,939.5 | 2,017.9 | 2,101.2 | 2,192.7 | 2,287.9 | 2,391.5 | 2,494.5 | 2,597.0 | 4.3% |
| Asia Pacific | 1,273.4 | 1,345.0 | 1,260.4 | 1,326.8 | 1,389.8 | 1,457.5 | 1,529.7 | 1,607.2 | 1,692.8 | 1,782.8 | 1,880.9 | 1,981.2 | 2,083.6 | 5.3% |
| Latin America | 289.9 | 304.7 | 283.8 | 297.4 | 309.9 | 323.2 | 337.3 | 352.3 | 368.9 | 386.2 | 405.1 | 424.2 | 443.5 | 4.7% |
| MEA | 230.8 | 239.8 | 221.0 | 228.9 | 235.9 | 243.4 | 251.4 | 260.0 | 269.5 | 279.4 | 290.2 | 300.9 | 311.6 | 3.7% |
| Overall | 5,713.1 | 5,993.5 | 5,571.2 | 5,828.6 | 6,059.1 | 6,305.2 | 6,562.4 | 6,836.2 | 7,138.1 | 7,452.6 | 7,795.0 | 8,137.3 | 8,479.7 | 4.4% |
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