Global
Orthopedic
Prosthetics Market is expected to grow at a significant CAGR in the
upcoming years as the scope and its applications are rising enormously across
the globe. Orthopedic prosthetics is a use of artificial limbs to develop the
function and lifestyle of persons with limb loss with the help of creativity in
the design and fabrication of external braces as a part of treatment.
The
factors that are playing a major role in the growth of Orthopedic Prosthetics
Industry are rising popularity of customized orthopedic prosthetics,
developments in production and designing technologies, and excellent resistance
to wear and tear. On the other hand, high costs of products and lack of
favorable reimbursement policies are the factors restraining overall market
growth. Orthopedic Prosthetics Market is segmented based on product types,
technology, end users, and region.
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| Orthopedic Prosthetics Market |
Technology
such as Hybrid Orthopedic Prosthetics, Conventional, Electric Powered, and
others classify Orthopedic Prosthetics Market. The electrically powered segment
accounts for the largest market share of the industry in terms of revenue and
is estimated to grow at highest CAGR in the years to come. End users such as
Rehabilitation Center, Hospitals, Prosthetics Clinics, and others classify
Orthopedic Prosthetics Market. Prosthetics clinics segment accounts for the
largest market share of Orthopedic Prosthetics Industry in terms of revenue and
is estimated to lead the overall market in the years to come.
Orthopedic
Prosthetics Market is segmented geographically into Americas (North America,
Latin America), Europe (Eastern Europe, Western Europe), Asia Pacific, Latin
America, Middle East and Africa. Globally, North America accounts for the
largest market share of Orthopedic Prosthetics Market in terms of revenue and
is estimated to lead the overall market in the years to come. The reason being
developed healthcare infrastructure, rising use of enhanced technology, and
increasing awareness regarding Orthopedic Prosthetics amongst the population.
Global Orthopedic Prosthetics market
competition by top manufacturers, with production, price, revenue (value) and
market share for each manufacturer; the top players including
•
Ottobock
•
Johnson & Johnson
•
Arthrex
•
Touch Bionics
•
Endolite
•
The Ohio Willow Wood
•
MatOrtho
•
Stryker
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