Canada Prosthetics And Orthotics Market Size & Outlook
Canada prosthetics and orthotics market, 2017-2030 (US$M)
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Canada prosthetics and orthotics market highlights
- The Canada prosthetics and orthotics market generated a revenue of USD 505.5 million in 2022 and is expected to reach USD 692.2 million by 2030.
- The Canada market is expected to grow at a CAGR of 4% 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.
Prosthetics and orthotics market data book summary
| Market revenue in 2022 | USD 505.5 million |
| Market revenue in 2030 | USD 692.2 million |
| Growth rate | 4% (CAGR from 2022 to 2030) |
| Largest segment | Orthotics |
| Fastest growing segment | Prosthetics |
| Historical data | 2017 - 2021 |
| Base year | 2022 |
| Forecast period | 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, Canada accounted for 7.6% of the global prosthetics and orthotics market in 2022.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In North America, U.S. prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 692.2 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Canada 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 76.58% in 2022. Horizon Databook has segmented the Canada prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
Canada prosthetics and orthotics market are anticipated to witness significant growth over the forecast period owing to increasing prevalence of osteosarcoma in children and associated high survival rates. For instance, according to Canadian Cancer Society, 70% of children aged 0–14 diagnosed with osteosarcoma are expected to survive for at least 5 years, which is also the durability period of prosthetics and orthotics.
Such high survival rate leads to an increase in the sales of these products. Moreover, supportive government initiatives to increase awareness about new devices and technologies among prosthetics & orthotics practitioners are also anticipated to boost market growth.
The Orthotics Prosthetics Canada (OPC) organizes biennial national conference, the largest gathering of orthotics & prosthetics professionals in Canada, which aims at providing educational content and business tools to adapt to technological changes and advancements in the industry.
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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 country-level data and insights on the Canada prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Canada prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Canada prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Canada Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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