Orthopedic Prosthetics Market
Orthopedic Prosthetics - Global Market Outlook (2017-2026)
According to Stratistics MRC, the Global Orthopedic Prosthetics market is accounted for $1,597.10 million in 2017 and is expected to reach $2,911.60 million by 2026 growing at a CAGR of 6.9% during the forecast period. Growing demand for orthopedic prosthetics united with rising incidence of accidental injuries, and increasing population of geriatrics and a huge increase in trauma cases across the world have also resulted in a major growth in demand for orthopedic prosthetic products are some of the factors propelling market growth. However, the high expenditure of the devices and the lack of recompense policy which are hampering the growth of the market.
An orthopedic prosthetic is an artificial limb designed to replace a mislaid body part of a patient. The convention made orthopedic prosthetics require a mixture of low weight and very high strength. Consequently, supplies such as Kevlar, carbon fiber, and titanium are commonly used for production. Orthopedic prosthetics refers to the field of recognition, design, produce, and fitting of custom-made artificial limbs in patients with missing part of limbs lost due to trauma, illness, or congenital condition.
Based on Product Type, Socket connects the lower leg amputee to their prosthesis and ensures the prosthesis functions appropriately. The socket is accountable for numerous aspects of suitable prosthesis function, as well as allowing the amputee to tolerate load on their prosthesis. Without an appropriate socket shape and fit, the prosthesis will turn into uncomfortable, or even not working, and cause hurt, sore, or blister. By Geography, Asia Pacific has a high population and an improved rate of awareness which direct to an impressive increase in opportunities. Growing disposable incomes and expanding overheads on healthcare and wellness will also are be driving the market for orthopedic prosthetics in Asia Pacific.
Some of the key players profiled in the Orthopedic Prosthetics Market include Zimmer Holdings Inc., Stryker Corp., Smith and Nephew plc, Johnson & Johnson, Touch Bionics Inc., The Ohio Willow Wood Co., Otto Bock HealthCare GmbH, Ohio Willow Wood Co., Hanger Inc., Fillauer LLC, DePuy Synthes, Blatchford Ltd., and Biomet Inc.
Product Types Covered:
• Spinal Orthotics
• Sockets
• Modular Components
• Liners
• Braces
• Lower Extremity Prosthetics
• Upper Extremity Prosthetics
Technologies Covered:
• Manual Prosthetics
• Hybrid Prosthetics
• Electric Powered
• Conventional
Applications Covered:
• Disabled Children
• Disabled Adult
End Users Covered:
• Trauma Centres
• Rehabilitation Center
• Prosthetic Clinics
• Outpatient Centre
• Orthopedic Clinics
• Hospitals
• Other End Users
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Market share analysis of the top industry players
- Strategic recommendations for the new entrants
- Market forecasts for a minimum of 9 years of all the mentioned segments, sub-segments, and the regional markets
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the clients interest (Note: Depends of feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliance
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Product Analysis
3.7 Technology Analysis
3.8 Application Analysis
3.9 End User Analysis
3.10 Emerging Markets
3.11 Futuristic Market Scenario
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Orthopedic Prosthetics Market, By Product Type
5.1 Introduction
5.2 Spinal Orthotics
5.3 Sockets
5.4 Modular Components
5.5 Liners
5.6 Braces
5.7 Lower Extremity Prosthetics
5.7.1 Arm Prosthesis
5.7.2 Prosthetic legs
5.7.3 Knee Prosthetics
5.7.4 Hip Prosthetics
5.7.5 Foot & Ankle Prosthetics
5.8 Upper Extremity Prosthetics
5.8.1 Shoulder Prosthetics
5.8.2 Hand Prosthetics
5.8.3 Elbow Prosthetics
6 Global Orthopedic Prosthetics Market, By Technology
6.1 Introduction
6.2 Manual Prosthetics
6.3 Hybrid Orthopedic Prosthetics
6.4 Electric Powered
6.5 Conventional
7 Global Orthopedic Prosthetics Market, By Application
7.1 Introduction
7.2 Disabled Children
7.3 Disabled Adult
8 Global Orthopedic Prosthetics Market, By End User
8.1 Introduction
8.2 Trauma Centres
8.3 Rehabilitation Center
8.4 Prosthetic Clinics
8.5 Outpatient Centre
8.6 Orthopedic Clinics
8.7 Hospitals
8.8 Other End Users
9 Global Orthopedic Prosthetics Market, By Geography
9.1 Introduction
9.2 North America
9.2.1 US
9.2.2 Canada
9.2.3 Mexico
9.3 Europe
9.3.1 Germany
9.3.2 UK
9.3.3 Italy
9.3.4 France
9.3.5 Spain
9.3.6 Rest of Europe
9.4 Asia Pacific
9.4.1 Japan
9.4.2 China
9.4.3 India
9.4.4 Australia
9.4.5 New Zealand
9.4.6 South Korea
9.4.7 Rest of Asia Pacific
9.5 South America
9.5.1 Argentina
9.5.2 Brazil
9.5.3 Chile
9.5.4 Rest of South America
9.6 Middle East & Africa
9.6.1 Saudi Arabia
9.6.2 UAE
9.6.3 Qatar
9.6.4 South Africa
9.6.5 Rest of Middle East & Africa
10 Key Developments
10.1 Agreements, Partnerships, Collaborations and Joint Ventures
10.2 Acquisitions & Mergers
10.3 New Product Launch
10.4 Expansions
10.5 Other Key Strategies
11 Company Profiling
11.1 Zimmer Holdings Inc.
11.2 Stryker Corp.
11.3 Smith and Nephew plc
11.4 Johnson & Johnson
11.5 Touch Bionics Inc.
11.6 The Ohio Willow Wood Co.
11.7 Otto Bock HealthCare GmbH
11.8 Ohio Willow Wood Co.
11.9 Hanger Inc.
11.10 Fillauer LLC
11.11 DePuy Synthes
11.12 Blatchford Ltd.
11.13 Biomet Inc.
List of Tables
1 Global Orthopedic Prosthetics Market Outlook, By Region (2016-2026) (US $MN)
2 Global Orthopedic Prosthetics Market Outlook, By Product Type (2016-2026) (US $MN)
3 Global Orthopedic Prosthetics Market Outlook, By Spinal Orthotics (2016-2026) (US $MN)
4 Global Orthopedic Prosthetics Market Outlook, By Sockets (2016-2026) (US $MN)
5 Global Orthopedic Prosthetics Market Outlook, By Modular Components (2016-2026) (US $MN)
6 Global Orthopedic Prosthetics Market Outlook, By Liners (2016-2026) (US $MN)
7 Global Orthopedic Prosthetics Market Outlook, By Braces (2016-2026) (US $MN)
8 Global Orthopedic Prosthetics Market Outlook, By Lower Extremity Prosthetics (2016-2026) (US $MN)
9 Global Orthopedic Prosthetics Market Outlook, By Arm Prosthesis (2016-2026) (US $MN)
10 Global Orthopedic Prosthetics Market Outlook, By Prosthetic legs (2016-2026) (US $MN)
11 Global Orthopedic Prosthetics Market Outlook, By Knee Prosthetics (2016-2026) (US $MN)
12 Global Orthopedic Prosthetics Market Outlook, By Hip Prosthetics (2016-2026) (US $MN)
13 Global Orthopedic Prosthetics Market Outlook, By Foot & Ankle Prosthetics (2016-2026) (US $MN)
14 Global Orthopedic Prosthetics Market Outlook, By Upper Extremity Prosthetics (2016-2026) (US $MN)
15 Global Orthopedic Prosthetics Market Outlook, By Shoulder Prosthetics (2016-2026) (US $MN)
16 Global Orthopedic Prosthetics Market Outlook, By Hand Prosthetics (2016-2026) (US $MN)
17 Global Orthopedic Prosthetics Market Outlook, By Elbow Prosthetics (2016-2026) (US $MN)
18 Global Orthopedic Prosthetics Market Outlook, By Technology (2016-2026) (US $MN)
19 Global Orthopedic Prosthetics Market Outlook, By Manual Prosthetics (2016-2026) (US $MN)
20 Global Orthopedic Prosthetics Market Outlook, By Hybrid Prosthetics (2016-2026) (US $MN)
21 Global Orthopedic Prosthetics Market Outlook, By Electric Powered (2016-2026) (US $MN)
22 Global Orthopedic Prosthetics Market Outlook, By Conventional (2016-2026) (US $MN)
23 Global Orthopedic Prosthetics Market Outlook, By Application (2016-2026) (US $MN)
24 Global Orthopedic Prosthetics Market Outlook, By Disabled Children (2016-2026) (US $MN)
25 Global Orthopedic Prosthetics Market Outlook, By Disabled Adult (2016-2026) (US $MN)
26 Global Orthopedic Prosthetics Market Outlook, By End User (2016-2026) (US $MN)
27 Global Orthopedic Prosthetics Market Outlook, By Trauma Centres (2016-2026) (US $MN)
28 Global Orthopedic Prosthetics Market Outlook, By Rehabilitation Center (2016-2026) (US $MN)
29 Global Orthopedic Prosthetics Market Outlook, By Prosthetic Clinics (2016-2026) (US $MN)
30 Global Orthopedic Prosthetics Market Outlook, By Outpatient Centre (2016-2026) (US $MN)
31 Global Orthopedic Prosthetics Market Outlook, By Orthopedic Clinics (2016-2026) (US $MN)
32 Global Orthopedic Prosthetics Market Outlook, By Hospitals (2016-2026) (US $MN)
33 Global Orthopedic Prosthetics Market Outlook, By Other End Users (2016-2026) (US $MN)
NOTE: Tables for North America, Europe, Asia Pacific, South America and Middle East & Africa are represented in the same manner above.
List of Figures
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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