U.S. Prosthetics And Orthotics Market Size & Outlook
U.S. prosthetics and orthotics market, 2017-2030 (US$M)
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U.S. prosthetics and orthotics market highlights
- The U.S. prosthetics and orthotics market generated a revenue of USD 1,975.5 million in 2022 and is expected to reach USD 2,650.1 million by 2030.
- The U.S. market is expected to grow at a CAGR of 3.7% 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 1,975.5 million |
| Market revenue in 2030 | USD 2,650.1 million |
| Growth rate | 3.7% (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, U.S. accounted for 29.7% 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 North America, U.S. prosthetics and orthotics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 692.2 million by 2030.
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Prosthetics And Orthotics Market Scope
Prosthetics And Orthotics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
U.S. 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 63.43% in 2022. Horizon Databook has segmented the U.S. prosthetics and orthotics market based on orthotics, prosthetics covering the revenue growth of each sub-segment from 2017 to 2030.
The U.S. is the largest prosthetics and orthotics market in North America and presence of established healthcare infrastructure is further driving market growth. Moreover, rising prevalence of osteosarcoma and increasing incidence of sports injuries are expected to fuel the market growth.
For instance, according to National Cancer Institute, the U.S. Department of Health and Human Services, in 2018, 3,450 new cases of bone and joint cancer were estimated to be diagnosed in the country.
Moreover, an increasing number of partnerships between government and nonprofit organizations to provide quality healthcare facilities to patients is expected to boost the market growth. For instance, the U.S. Agency for International Development (USAID) supports Cooperative Orthotic and Prosthetic Enterprise (COPE).
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Target buyers of U.S. 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 U.S. prosthetics and orthotics market , including forecasts for subscribers. This country databook contains high-level insights into U.S. prosthetics and orthotics market from 2017 to 2030, including revenue numbers, major trends, and company profiles.
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U.S. prosthetics and orthotics market size, by type, 2017-2030 (US$M)
U.S. Prosthetics And Orthotics Market Outlook Share, 2022 & 2030 (US$M)
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