Orthopedic Prosthetic Devices Market

Orthopedic Prosthetic Devices Market Key Players,
Product and Production Information analysis and forecast
to 2026
Orthopedic prosthetic devices are defined as external medical devices that substitute a missing
skeletal part. Orthopedic prosthetics are a vital components for rehabilitation of injured or
harmed skeletal system, associated musculature and joints. These devices are mainly used after
trauma or surgical removal of body appendage, disability arising from congenital condition, or
disabling illnesses.
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Rising prevalence of lower limb amputation among diabetic patients is expected to boost growth
of the orthopedic prosthetic devices market:
A major driver for market growth is the rising prevalence of lower limb amputations among
diabetic patients such as diabetic foot problems, which is caused by changes in the blood
vessels and nerves that leads to ulceration and subsequently leads to limb amputation.
According to World Health Organization (WHO), as of 2017, 170 million people are estimated
to be suffering from diabetes globally. Additionally, increasing number of trauma cases across
the globe, is in turn, increasing the demand for orthopedic prosthetic devices and products.
According to World Health Organization (WHO), 2017, around 50 million people are severely
injured in road accidents every year across the globe. However, high costs of orthopedic
products are expected to hinder the market growth.
North America is expected to be the growth engine of the market:
The global orthopedic prosthetic devices market is segmented into North America, Latin
America, Europe, Asia Pacific, Middle East, and Africa. North America is expected to hold a
dominant position in the global orthopedic prosthetic devices market, owing to rising number of
lower limb amputations among diabetic patients as well as affordability of these devices
provided with customization and innovation. For instance, in September 2017, Zimmer,
introduced an innovative persona partial knee system that is known to alleviate pain, restore
mobility, and improve the quality of life of the patients. Asia Pacific is expected to witness
significant traction in the global orthopedic prosthetics devices market, owing to the changing
healthcare scenario and development of new policies and regulatory fronts in countries in the
region. For instance, the formulation of Indian Certification of Medical Devices (ICMD) by the
Indian Healthcare regulatory body is expected to bring credibility to the devices manufactured
by regional companies, in turn driving growth of the orthopedic prosthetic devices market.
Report includes chapters which deeply display the following deliverable about industry :
• Orthopedic Prosthetic Devices Market Research Objective and Assumption
• Orthopedic Prosthetic Devices Market Purview - Report Description, Executive Summary, and
Coherent Opportunity Map (COM)
• Orthopedic Prosthetic Devices Market Dynamics, Regulations, and Trends Analysis - Market
Dynamics, Regulatory Scenario, Industry Trend, Merger and Acquisitions, New system
Launch/Approvals, Value Chain Analysis, Porter’s Analysis, and PEST Analysis
• Global Orthopedic Prosthetic Devices Market, By Regions
• Orthopedic Prosthetic Devices Market Competition by Manufacturers including Production,
Share, Revenue, Average Price, Manufacturing Base Distribution, Sales Area and Product Type.
• Orthopedic Prosthetic Devices Market Manufacturers Profiles/Analysis including Company Basic
Information, Manufacturing Base and Its Competitors.
• Orthopedic Prosthetic Devices Market Manufacturing Cost Analysis including Key Raw
Materials and Key Suppliers of Raw Materials.
• Industrial Chain, Sourcing Strategy and Downstream Buyers including Upstream Raw Materials
Sourcing and Downstream Buyers
• Marketing Strategy Analysis, Distributors/Traders including Marketing Channel, Market
Positioning and Distributors/Traders List.
• Market Effect Factors Analysis including Technology Progress/Risk, Consumer Needs/Customer
Preference Change and Economic/Political Environmental Change.
• Orthopedic Prosthetic Devices Market Forecast including Production, Consumption, Import and
Export Forecast by Type, Applications and Region.
• Research Findings and Conclusion
Novel innovations in prosthetic devices adopted by key players to establish significant position
in the global orthopedic prosthetic devices market:
Key players operating in the global orthopedic prosthetic devices market include Smith &
Nephew, Stryker Corp., DePuy Synthes, Zimmer Biomet, Medtronic Spinal, DJO Global, Integra
Lifesciences, NuVasive Inc., Globus Medical, and Wright Medical. The key players are focusing
on strategic mergers and acquisitions and development of innovative systems. For instance, in
October, 2017, Zimmer Biomet Holdings Inc., introduced Avenue T TLIF Cage (Avenue T) in the
U.S. Avenue T manufactures advancements in the posterior lumbar cage technology, through
incorporation of VerteBRIDGE plating. The plating facilitates intra-discal fixation and cage
insertion through minimally invasive procedure. Avenue T joins the previously introduced family
of its product line of cages, including Avenue L Lateral Lumbar Cage, ROI-C Cervical Cage, and
ROI-A ALIF Cage with VerteBRIDGE plating. Avenue T is the first product with posteriorly
implanted cage, integrated with anti-migration fixation.
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Market Taxonomy:
On the basis of device type, the global orthopedic prosthetic devices market is segmented into
• Upper Extremity Prosthetics
• Lower Extremity Prosthetics
• Sockets
• Modular Components
• Liners
On the basis of technology, the global orthopedic prosthetic devices market is segmented into
• Electric Powered
• Conventional
• Hybrid Orthopedic Prosthetics
On the basis of end user, the global orthopedic prosthetic devices market is segmented into
• Hospitals
• Orthopedic Clinics
• Ambulatory Surgical Centers
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Orthopedic prosthetic devices are defined as external medical devices that substitute a missing skeletal part.