Japan Prosthetics And Orthotics Market Size & Outlook
Japan prosthetics and orthotics market, 2017-2030 (US$M)
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Japan prosthetics and orthotics market highlights
- The Japan prosthetics and orthotics market generated a revenue of USD 357.5 million in 2022 and is expected to reach USD 496.7 million by 2030.
- The Japan 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.
Prosthetics and orthotics market data book summary
| Market revenue in 2022 | USD 357.5 million |
| Market revenue in 2030 | USD 496.7 million |
| Growth rate | 4.2% (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, Japan accounted for 5.4% 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 |
|---|
Japan 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 96.08% in 2022. Horizon Databook has segmented the Japan prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
The growing geriatric population is likely to drive the demand for prosthetics and orthotics market in Japan over the forecast period. According to the World Bank, in 2019, over 28% of Japan’s population was aged over 65. The geriatric population is at a higher risk of various diseases and disabilities, which may in turn propel the growth of the prosthetics and orthotics market in the country.
In addition, with increasing healthcare spending, the prosthetics and orthotics market is expected to grow at a substantial rate in Japan over the forecast period. For instance, healthcare expenditure in Japan increased from 7.7% in 2004 to 11% in 2018. In addition, the increasing number of road accidents in Japan is also likely to boost the prosthetics and orthotics market.
For instance, as per the National Police Agency (NPA), 3,904 people in Japan fell victim to fatal road accidents in 2016. Therefore, an increase in the incidence of injuries due to road accidents is likely to drive the prosthetics and orthotics market in Japan.
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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 country-level data and insights on the Japan prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into Japan prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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Japan prosthetics and orthotics market size, by type, 2017-2030 (US$M)
Japan Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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