Europe Prosthetics And Orthotics Market Size & Outlook
Europe prosthetics and orthotics market, 2017-2030 (US$M)
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Europe prosthetics and orthotics market highlights
- The Europe prosthetics and orthotics market generated a revenue of USD 2,046.7 million in 2022.
- The market is expected to grow at a CAGR of 4.2% 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, Spain is expected to register the highest CAGR from 2023 to 2030.
Europe data book summary
| Market revenue in 2022 | USD 2,046.7 million |
| Market revenue in 2030 | USD 2,851.5 million |
| Growth rate | 4.2% (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, Europe region accounted for 30.8% 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 |
|---|
Europe 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 66.65% in 2022. Horizon Databook has segmented the Europe prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
Increase in survival rate of patients diagnosed with bone cancer, local presence of key players in this region, and less stringent regulatory approval processes are some of the factors driving the market in Europe.
In addition, high disposable income owing to presence of developed economies and availability of well-established healthcare infrastructure & skilled professionals are some of the factors contributing to market growth.
Easy availability of favorable reimbursement coverage policies has increased affordability of prosthetic and orthotic products. In addition, according to Annual Accident Report 2017 by European Road Safety Observatory, European Commission, in 2015, around 1.4 million people were injured in road accidents.
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Target buyers of Europe 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 Europe prosthetics and orthotics market , including forecasts for subscribers. This continent databook contains high-level insights into Europe prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Europe prosthetics and orthotics market size, by country, 2017-2030 (US$M)
Europe Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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