What is the Forecast Market Value for North America Orthopedic Prosthetics Market?
Rising prevalence of North America orthopaedic Prothetics Market disorders globally, growing number of road accidents and increasing research and development proficiencies have led to the rise in orthopedic prosthetics market value. Data Bridge Market Research analyses that the orthopedic prosthetics market will exhibit a CAGR of around 5.1% for the forecast period of 2021-2028.
Ø Let’s Check North America Orthopedic Prosthetics Market Scope and Size
The orthopedic prosthetics market is segmented on the basis of product type, technology type and end user type. The growth amongst these segments will help you analyse meagre growth segments in the industries, and provide the users with valuable market overview and market insights to help them in making strategic decisions for identification of core market applications.
· Based on the product type, the orthopedic prosthetics market is segmented into upper extremity, prosthetics, lower extremity prosthetics, liners, sockets, modular components.
· Based on the technology type, the orthopedic prosthetics market is segmented into conventional, electric powered and hybrid prosthetics.
· Based on the end user type, the orthopedic prosthetics market is segmented into hospitals, prosthetic clinics, rehabilitation centers, and others.
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Ø Which Countries Data is Covered in the North America Orthopedic Prosthetics Market?
The countries covered in the orthopedic prosthetics market report are U.S., Canada and Mexico.
U.S. in North America dominates the orthopedic prosthetics market owing to the prevalence of advanced healthcare technologies, increased funding for research and development activities, increasing incidence of orthopedic disorder and growing geriatric population.
Report metric
Details
Forecast Period
2022 to 2028
Base Year
2021
Historic Years
2020 (Customizable to 2019 - 2014)
Quantitative Units
Revenue in USD Billion, Volumes in Units, Pricing in USD
Ø Market Analysis and Insights - Global North America Orthopedic Prosthetics Market
Ø From the name itself, it is clear that orthopedic prosthetics are the custom-made artificial limbs that are used to replace the damaged and untreatable limbs in the body. Orthopedic prosthetics are a combination of low weight and very high strength materials such as Kevlar, carbon fiber, and titanium.
Ø Growing technological advancements in CAD/CAM technologies, significant developments in designing and production technologies and increased demand for materials that offer enhanced level of comfort, usability, better fixation, and excellent resistance to wear and tear will propel the market growth rate. Rising public expenditure to develop healthcare infrastructure coupled with rising cases of trauma will further propel growth in the market value. Ever-rising geriatric population base and growing acceptance of upper limb orthopedic prosthetics amongst healthcare professionals and patients will also emerge as other important market growth determinants.
Ø However, lack of the professionals and technological experts, unfavourable reimbursement scenario and budgetary constraints in the developing and underdeveloped economies will challenge the growth of market in the forecast period mentioned above. Also, high pricing and costly maintenance will obstruct the market growth rate.
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Industrial Packaging Market Global Industry report provides the latest market statistics, industry growth, size, share, trends, as well as driving factors.
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A recent report published by TheBusinessResearchCompany on Orthopedic Prosthetics Market provides in-depth analysis of segments and sub-segments in the global as well as regional.The Orthopedic Prosthetics Global Market Report 2020 which provides strategists, marketers and senior management with the critical information they need to assess the global orthopedic prosthetics market.
The report covers the orthopedic prosthetics market’s segments- upper extremity prosthetics, lower extremity prosthetics, sockets, hospitals, prosthetic clinics, rehabilitation center, conventional orthopedic prosthetics, electric-powered orthopedic prosthetics, and hybrid orthopedic prosthetics.Orthopedic Prosthetics Global Market Report 2020 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by region and by country.
It also compares the market’s historic and forecast growth.It covers all the regions, key developed countries and major emerging markets.
It draws comparisons with country populations and economies to understand the importance of the market by country and how this is changing.
The major regions included in the report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.The companies in the orthopedic prosthetics market are witnessing the emergence of 3D printed orthopedic prosthetics.
According to the latest report by Renub Research, titled "Orthopedic Prosthetic Market Global Forecast by Products, Technology, Regions, Company Analysis" Prosthetics is a medical branch which deals in designing, evaluating, fabricating, fitting and delivering a prosthesis or artificial limb to replace a missing body part.
Orthopaedic implants are manufactured to replace a damaged bone, missing joint or bone for patients.
These implants are fabricated with the use of titanium alloys and stainless steel for the strength and plastic coating that acts as artificial cartilage.
These operations are done with internal fixation for the purpose of repairing bone with surgical implementation.
Innovation in medical devices and increasing per capita income, as well as financial support by government and NGOs around the world, are enabling the patient to buy orthopaedic prosthetics devices without any hurdle.The impact of COVID-19 on Global Orthopedic Prosthetics MarketThe growth rate of the global orthopaedic prosthetics market has been disturbed by COVID-19 pandemic as most of the healthcare companies are investing heavily in the research and development of Coronvirus treatment.
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