Italy Prosthetics And Orthotics Market Size & Outlook
Italy prosthetics and orthotics market, 2017-2030 (US$M)
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Italy prosthetics and orthotics market highlights
- The Italy prosthetics and orthotics market generated a revenue of USD 114.4 million in 2022 and is expected to reach USD 164.3 million by 2030.
- The Italy market is expected to grow at a CAGR of 4.6% 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 114.4 million |
| Market revenue in 2030 | USD 164.3 million |
| Growth rate | 4.6% (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, Italy accounted for 1.7% 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 |
|---|
Italy 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 66.52% in 2022. Horizon Databook has segmented the Italy prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
Italy's prosthetics and orthotics market is expected to show significant growth over the forecast period. The Italian government has employed various EU directives and regulations related to medical devices. This includes the CYBERLEGs Plus Plus, an Innovation Action project funded by the EU under the Horizon 2020 EU Framework Programme.
Similar government initiatives are expected to improve the mobility of transfemoral amputees, and thus, help propel the market in Italy. Moreover, medical device companies provide solutions and services as add-ons to their products, a strategy that is expected to show positive results in the Italian market.
For instance, in 2019, new generation robotic exoskeletons with sensors connected to the legs and a brace around the body helped predict a patient’s movement, allowing them to walk and climb stairs effortlessly. The exoskeletons are created by BioRobotics Institute of Scuola Superiore Sant’Anna in Italy.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Italy prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Italy prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Italy prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Italy Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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