Orthopedic Prosthetics Market Size, Share, Growth Analysis, By Product(Upper Extremity, Prosthetics, Lower Extremity Prosthetics, Liners), By Technology(Conventional, Electric Powered, Hybrid Prosthetics), By End user(Hospitals, Prosthetic Clinics, Rehabilitation Centers, Others), By Region - Industry Forecast 2024-2031

Increased life expectancy around the world has resulted in a robust increase in senescent population. Aged people have weak bones and joints that are more prone to orthopedic disorders and injuries, thereby this sect of population is more likely to opt for orthopedic prosthetics and surgeries across the study period and beyond.  

The prevalence of orthopedic disorders, musculoskeletal disorders, osteoarthritis, and traumatic injuries is rising rapidly around the world. Increasing accidents and trauma cases are expected to bolster the demand for orthopedic prosthetics over the coming years. Moreover, increasing efforts to reduce disability from these injuries and disorders are also slated to benefit orthopedic prosthetics market growth going forward.  

Prosthetics need to be configured as per each patient’s size and fit to ensure optimal fit and functionality. Variability in residual limb shapes and changes in custom requirements from patient to patient are also expected to impede the global orthopedic prosthetics market outlook in the long run.  

Advanced orthopedic prosthetics are equipped with sensors, microprocessors, and robotic components, which increase their costs and make them unaffordable for patients with limited spending potential and limited reimbursement coverage. This restraint is expected to especially be prominent for orthopedic prosthetics companies operating in developing and underdeveloped countries in the future.