China Prosthetics And Orthotics Market Size & Outlook
China prosthetics and orthotics market, 2017-2030 (US$M)
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China prosthetics and orthotics market highlights
- The China prosthetics and orthotics market generated a revenue of USD 476.2 million in 2022 and is expected to reach USD 766.9 million by 2030.
- The China market is expected to grow at a CAGR of 6.1% 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 476.2 million |
| Market revenue in 2030 | USD 766.9 million |
| Growth rate | 6.1% (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, China accounted for 7.2% 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 Asia Pacific, China prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- China is the fastest growing regional market in Asia Pacific and is projected to reach USD 766.9 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 86.73% in 2022. Horizon Databook has segmented the China prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
China prosthetics and orthotics market is expected to witness lucrative growth of 6.1% over the forecast period due to various factors such as an increase in the geriatric population. According to a UN report, elderly population is expected to increase twofold from 10% in 2017 to 20% by 2037.
The rising geriatric population, increasing per capita healthcare expenditure, and a growing number of diabetes-related amputations are among the factors expected to propel the growth of the prosthetics and orthotics market in China.
For instance, in 2016, China spent 5.5% of the total GDP on healthcare. Moreover, as per the International Diabetes Federation, around 114,394,800 cases of diabetes were reported in China. The country also has a growing medical tourism 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 China prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into China prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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China prosthetics and orthotics market size, by type, 2017-2030 (US$M)
China Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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