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