Germany Prosthetics And Orthotics Market Size & Outlook
Germany prosthetics and orthotics market, 2017-2030 (US$M)
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Germany prosthetics and orthotics market highlights
- The Germany prosthetics and orthotics market generated a revenue of USD 342.6 million in 2022 and is expected to reach USD 446.0 million by 2030.
- The Germany market is expected to grow at a CAGR of 3.4% 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 342.6 million |
| Market revenue in 2030 | USD 446.0 million |
| Growth rate | 3.4% (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, Germany accounted for 5.1% 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 Europe, Germany prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 207.2 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Germany 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 78.66% in 2022. Horizon Databook has segmented the Germany prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
The high prevalence of osteoarthritis and the presence of a large geriatric population in the country are among the factors expected to drive Germany's prosthetics and orthotics market. As per the Journal of Health Monitoring, in Germany, osteoarthritis is one of the most commonly occurring joint diseases with 17.9% of adults over the age of 18 suffering from the disease in 2016–2015.
It was also reported that the prevalence was higher in women (21.8%) than in men (13.9%). In addition, as per the Federal Statistical Office of Germany, the number of people injured in road accidents has increased by 2.2% from 2017 to 2018.
Moreover, high insurance coverage ensures universal access to healthcare services in Germany, boosting the growth of the prosthetics and orthotics market in the country. Ottobock headquartered in Germany further supports the market growth.
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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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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 Germany prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Germany prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Germany prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Germany Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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