UK Prosthetics And Orthotics Market Size & Outlook
UK prosthetics and orthotics market, 2018-2030 (US$M)
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UK prosthetics and orthotics market highlights
- The UK prosthetics and orthotics market generated a revenue of USD 222.2 million in 2022 and is expected to reach USD 316.4 million by 2030.
- The UK market is expected to grow at a CAGR of 4.5% 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 222.2 million |
| Market revenue in 2030 | USD 316.4 million |
| Growth rate | 4.5% (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, UK accounted for 3.3% 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 |
|---|
UK 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 76.73% in 2024. Horizon Databook has segmented the UK prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2018 to 2030.
The UK prosthetics and orthotics market is driven by high survival rate of osteosarcoma patients, leading to an increase in the sales of prosthetic and orthotic devices. As per Children with Cancer UK, Association of Medical Research Charities (AMRC), osteosarcoma is the most commonly occurring bone tumor in children, with approximately 30 children being diagnosed every year.
Moreover, the survival rate of childhood osteosarcoma has increased to 65% in recent years. As per a report on osteoarthritis in general practice by Arthritis Research UK, arthritis and musculoskeletal conditions affect approximately 10 million people in the country and account for the fourth-largest NHS program budget.
Such factors are anticipated to increase the sales of prosthetic and orthotic devices in the UK over the forecast period. Key players are also supporting the country’s market growth by adopting strategies such as product launch, investment, etc.
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Target buyers of UK 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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Horizon Databook provides a detailed overview of country-level data and insights on the UK prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into UK prosthetics and orthotics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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UK prosthetics and orthotics market size, by type, 2018-2030 (US$M)
UK Prosthetics And Orthotics Market Outlook Share, 2024 & 2030 (US$M)
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