South Africa Prosthetics And Orthotics Market Size & Outlook
South Africa prosthetics and orthotics market, 2018-2030 (US$M)
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South Africa prosthetics and orthotics market highlights
- The South Africa prosthetics and orthotics market generated a revenue of USD 71.4 million in 2022 and is expected to reach USD 96.0 million by 2030.
- The South Africa market is expected to grow at a CAGR of 3.8% 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 71.4 million |
| Market revenue in 2030 | USD 96.0 million |
| Growth rate | 3.8% (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, South Africa accounted for 1.1% 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 Middle East & Africa, South Africa prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- South Africa is the fastest growing regional market in Middle East & Africa and is projected to reach USD 96.0 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
South Africa 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 96.64% in 2024. Horizon Databook has segmented the South Africa prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2018 to 2030.
South Africa prosthetics and orthotics market was valued at USD 66.6 million in 2020. As per a survey conducted in 2017, sports injuries ranged from 5.2% to 20.2% in women and 13.5% to 38.1% in men. In addition, according to Statistics South Africa, around 5,43 million people are aged 60 and over as of 2020.
Lack of well-defined regulatory framework and scarcity of skilled professionals for performing advanced orthopedic surgeries are some of the factors that may limit market growth in South Africa. However, increasing government initiatives to improve healthcare infrastructure are expected to create new opportunities for prosthetic & orthotic product manufacturers.
Moreover, healthcare organizations are also undertaking initiatives to improve infrastructure in MEA countries. For instance, African Federation of Orthopedic Technicians promotes access to right to functional rehabilitation for disabled persons in Africa through creation of a professional network of physiotherapists, technicians, rehabilitation professionals, and others.
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Target buyers of South Africa 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 country-level data and insights on the South Africa prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into South Africa prosthetics and orthotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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South Africa prosthetics and orthotics market size, by type, 2018-2030 (US$M)
South Africa Prosthetics And Orthotics Market Outlook Share, 2024 & 2030 (US$M)
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