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Exclusive Report on Orthopedic Prosthetics Market 2019 | Industry Drivers, Business Plans, Types, Applications, Challenges, Opportunities and Latest Trends Forecast to 2024

Orthopedic

The “Orthopedic Prosthetics Market” 2019 report provides market size (value and volume), market share, growth rate by types, applications, and combines both qualitative and quantitative methods to make micro and macro forecasts in different regions or countries. Orthopedic Prosthetics Market report also aims to provide useful and comprehensive insights into current market trends and future growth scenarios. Orthopedic Prosthetics market report contains information like SWOT analysis, business highlights, strength, weakness, threats and opportunities of industry.

Top Manufacturers of Orthopedic Prosthetics Market Are:

  • Blatchford Ltd
  • Bock Healthcare Gmbh
  • DePuy Synthes
  • Fillauer LLC
  • Ohio Willow Wood Co.
  • Smith And Nephew PLC
  • Stryker Corporation
  • Touch Bionics Inc.
  • Zimmer Biomet

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    Market Overview:

  • The orthopedic prosthetics market is expected to witness a CAGR of 5.4% during the forecast period. Certain factors that are driving the market growth include an increasing number of trauma cases and accidental injuries, technological advancements, and rising prevalence of osteosarcoma.
  • According to the US Department of Health and Human Services, around 8.6 million sports and recreation injuries were reported in 2016 in the United States. Out of these, 72% were injuries related to lower and upper extremities. The injuries are increasing at a rapid rate and are a major factor for the growth of the orthopedic prosthetics market. However, the high cost of prosthetic devices is expected to hinder the market growth. According to the Bioengineering Institute Center for Neuroprosthetics, at the Worcester Polytechnic Institute, a basic below-the-knee prosthetic that would allow a patient to walk on flat ground costs USD 5,000-7,000, while the advanced ones can cost up to USD 20,000 or more. The high cost of the devices and lack of reimbursement policies are considered as the major restraining factors for the orthopedic prosthetics market. The other factor, which is the regulatory requirement is also restraining the growth of the orthopedic prosthetics market.

    Scope of the Report:

  • Orthopedic prosthetics is concerned with the identification, designing, and manufacturing of custom-made artificial limbs in a patient. The devices should be of high strength and low weight. Hence, materials, such as thermoplastics, metals, carbon fiber, EVA (Ethylene-vinyl acetate), or a combination of these are commonly used for production. These devices are used to replace a damaged or missing body part caused by trauma, disease, or other medical conditions. In recent years, the market for orthopedic prosthetics has witnessed significant developments in designing and production technologies. The products have an increased level of comfort, usability, and increased resistance to wear and tear. The vast advances in the CAD/CAM technology and material science have helped in the growth of the market.

    Orthopedic Prosthetics Market Report Answers the Following Questions:

    • What will the market size and the growth rate be in 2024?
    • What are the key factors driving the global Orthopedic Prosthetics market?
    • What are the key market trends impacting the growth of the global Orthopedic Prosthetics market?
    • What are the challenges to market growth?
    • Who are the key vendors in the global Orthopedic Prosthetics market?
    • What are the market opportunities and threats faced by the vendors in the global Orthopedic Prosthetics market?
    • Trending factors influencing the market shares of the relevant regions.
    • What are the key outcomes of the five forces analysis of the global Orthopedic Prosthetics market?

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    Key Market Trends:

    Electric-Powered Prosthetics are Expected to Hold Significant Market Share in the Technology Type

    For amputees, being fitted for a limb prosthesis is definitely a significant first footstep to recovery and regaining independence. However, one important decision patients need to make regarding a prosthetic limb is choosing between an electric or body-powered prosthesis. Electric prostheses, also commonly known as myoelectric prostheses, are controlled using electric signals which are actually created by the body muscles. Specifically, these electric-powered prosthetics work by using the user’s existing muscles in the residual limb in order to control the functions of the prosthetic device itself. A sensor present within the device is able to obtain electrical signals from these muscles. Then it translates those signals into movements and executes the demands properly. Hence, these have become a great option for those who want a natural-looking prosthesis that utilizes existing nerves for functional use.

    North America Dominates the Market and Expected to do Same in the Forecast Period

    The key factors driving the growth of the market in North America include the direct presence of key regional players, strong distribution network, and well-established healthcare infrastructure. Recent trends in the North American orthopedic prosthetics market include the use of new polymer material and development of prosthetic device as per the functional need of patients. Manufacturers are concentrating on developing lightweight, yet highly long-lasting orthopedic prosthetics to satisfy the needs of the users.

    Market Dynamics: –

    • Drivers: (Developing regions and growing markets)
    • Limitations: (Regional, Key Player facing Issues, Future Barriers for growth)
    • Opportunities: (Regional, Growth Rate, Competitive, Consumption)

    The report provides key statistics on the market status of the Orthopedic Prosthetics Market manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the Orthopedic Prosthetics .

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    Report Objectives:

    • Analyzing the size of the Orthopedic Prosthetics market on the basis of value and volume.
    • Accurately calculating the market segments, consumption, and other dynamic factors of different sections of the global Orthopedic Prosthetics market.
    • Determining the key dynamics of the Orthopedic Prosthetics market.
    • Highlighting significant trends of the Orthopedic Prosthetics market in terms of manufacture, revenue, and sales.
    • Deeply summarizing top players of the Orthopedic Prosthetics market and showing how they compete in the industry.
    • Studying industry processes and costs, product pricing, and various trends related to them.
    • Displaying the performance of different regions and countries in the global Orthopedic Prosthetics market.

    Detailed TOC of Orthopedic Prosthetics Market Report 2019-2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.2.1 Increasing Number of Trauma Cases and Accidental Injuries
    4.2.2 Technological Advancements
    4.2.3 Rising Prevalence of Osteosarcoma
    4.3 Market Restraints
    4.3.1 Lack of Proper Reimbursement Policies
    4.3.2 High Cost of Prosthetic Devices
    4.4 Porter’s Five Forces Analysis
    4.4.1 Threat of New Entrants
    4.4.2 Bargaining Power of Buyers/Consumers
    4.4.3 Bargaining Power of Suppliers
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Product
    5.1.1 Upper Extremity Prosthetics
    5.1.2 Lower Extremity Prosthetics
    5.1.3 Sockets
    5.1.4 Other Products
    5.2 Technology
    5.2.1 Conventional
    5.2.2 Electric-Powered
    5.2.3 Hybrid Orthopaedic Prosthetics
    5.3 End User
    5.3.1 Hospitals
    5.3.2 Prosthetic Centers
    5.3.3 Other End Users
    5.4 Geography
    5.4.1 North America
    5.4.1.1 US
    5.4.1.2 Canada
    5.4.1.3 Mexico
    5.4.2 Europe
    5.4.2.1 Germany
    5.4.2.2 UK
    5.4.2.3 France
    5.4.2.4 Italy
    5.4.2.5 Spain
    5.4.2.6 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 Japan
    5.4.3.3 India
    5.4.3.4 Australia
    5.4.3.5 South Korea
    5.4.3.6 Rest of Asia-Pacific
    5.4.4 Middle East & Africa
    5.4.4.1 GCC
    5.4.4.2 South Africa
    5.4.4.3 Rest of Middle East & Africa
    5.4.5 South America
    5.4.5.1 Brazil
    5.4.5.2 Argentina
    5.4.5.3 Rest of South America

    6 COMPETITIVE LANDSCAPE
    6.1 Company Profiles
    6.1.1 Blatchford Ltd
    6.1.2 Bock Healthcare Gmbh
    6.1.3 DePuy Synthes
    6.1.4 Fillauer LLC
    6.1.5 Ohio Willow Wood Co.
    6.1.6 Smith And Nephew PLC
    6.1.7 Stryker Corporation
    6.1.8 Touch Bionics Inc.
    6.1.9 Zimmer Biomet

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

     

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