Precision Business Insights has published a report on the global prosthetics and orthotics market, estimating its value at USD 8,886.3 Million in 2024 and is expected to expand at a compound annual growth rate (CAGR) of 5.4% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.

View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/prosthetics-and-orthotics-market

The prosthetics and orthotics market refers to the industry focused on designing, manufacturing, and distributing artificial limbs (prosthetics) and supportive devices (orthotics) that help individuals with mobility impairments or limb loss regain functionality and independence.

Drivers:

• Rising Prevalence of Disabilities: Increasing cases of limb amputations due to diabetes, vascular diseases, and accidents are driving demand for prosthetic and orthotic solutions.
• Technological Advancements: Innovations such as 3D printing, smart sensors, and AI-driven prosthetics are enhancing functionality and customization

The global prosthetics and orthotics market segmentation:

1) By Product Type (Orthotics and Prosthetics
2) By Technology (Conventional, Electric-powered, and Hybrid Orthopedic Prosthetics
3) By End Users (Hospitals, Prosthetics Clinics, Rehabilitation Centre, and Others

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Regional Overview:

The report also examines the current concerns and their Future Effects on the prosthetics and orthotics market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the prosthetics and orthotics market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.

• North America (U.S., Canada)
• Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
• Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
• Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
• Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)

The competitive landscape is dominated by major players like Ossur, Fillauer LLC, Ottobock Healthcare GmbH, Blatchford Inc., Ultraflex Systems Inc., Shapeways, Inc., Hanger, Inc., Bauerfeind AG.

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