Asia Pacific Prosthetics And Orthotics Market Size & Outlook
Asia Pacific prosthetics and orthotics market, 2017-2030 (US$M)
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Asia Pacific prosthetics and orthotics market highlights
- The Asia Pacific prosthetics and orthotics market generated a revenue of USD 1,526.0 million in 2022.
- The market is expected to grow at a CAGR of 5.2% from 2023 to 2030.
- In terms of segment, orthotics was the largest revenue generating type in 2022.
- Prosthetics is the most lucrative type segment registering the fastest growth during the forecast period.
- Country-wise, China is expected to register the highest CAGR from 2023 to 2030.
Asia Pacific data book summary
| Market revenue in 2022 | USD 1,526.0 million |
| Market revenue in 2030 | USD 2,287.8 million |
| Growth rate | 5.2% (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 |
| Key market players worldwide | Ottobock, Ossur, Blatchford, WillowWood, Ultraflex Systems, Steeper Group, Bauerfeind, Aether Biomedical |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 22.9% of the global prosthetics and orthotics market in 2022.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 2,287.8 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific 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 87.62% in 2022. Horizon Databook has segmented the Asia Pacific prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
An increase in the number of diabetes-related amputations, road accidents, and supportive government initiatives is expected to drive market growth. For instance, The Asian Prosthetic and Orthotic Scientific Meeting was held in November 2018 in Thailand to foster cooperation between Asian countries and discuss the ongoing and emerging issues related to prosthetics and orthotics.
As per a report by the Asian Diabetes Prevention Initiative, 60% of the diabetic population lives in Asia, and by 2030 it is estimated that both India and China will have around half a million people with diabetes. Moreover, the increasing rate of obesity in the Central & Asia Pacific region is another major risk factor for joint conditions.
For instance, in East Asia, the prevalence of obesity has increased by 31.5% between 1990 and 2013. While, according to WHO, nearly half of the children under 5 who were overweight or obese lived in Asia in 2019.
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Target buyers of Asia Pacific 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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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific prosthetics and orthotics market , including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific prosthetics and orthotics market size, by country, 2017-2030 (US$M)
Asia Pacific Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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