Prosthetics & Orthotics - Global Market Size, Share & Trends Analysis (2018-2025) - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 25, 2018--The “Prosthetics and Orthotics Market Size, Share & Trends Analysis Report By Type (Orthotics (Upper Limb, Lower Limb, Spinal), Prosthetics (Upper Extremity, Lower Extremity), And Segment Forecasts, 2018 - 2025” report has been added to ResearchAndMarkets.com’s offering.The global prosthetics and orthotics market size is expected to reach USD 12.28 billion by 2025, exhibiting a 5.1% CAGR during the forecast period. Increasing incidence of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving market growth.
Rising geriatric population across the globe has become one of the key factors driving demand for prosthetics and orthotics. For instance, as per the United Nations, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050. Geriatrics are more susceptible to conditions such as osteoporosis and osteopenia, making them common users of various orthopedic solutions.
Increasing incidence of osteosarcoma in young adults and children is also driving the market to a great extent. For instance, Children with Cancer UK, a member of the Association of Medical Research Charities (AMRC), reported that osteosarcoma is the most common bone tumor in children and every year around 30 new cases in children are diagnosed in U.K. Osteosarcoma is generally treated with the help of chemotherapy, surgery, and radiation. Patients recovering from this surgery generally need orthopedic devices and prosthetics as a part of post-surgery treatment, which is slated to drive the market in the upcoming years.
Further key findings from the report suggest:In terms of revenue, the orthotics segment is projected to ascend at a CAGR of 5.2% over the forecast period. Increasing cases of diabetes related amputations across the globe is acting as the driving factor for this segment.By revenue, Asia Pacific is expected to exhibit the highest growth rate over the forecast period. Rising awareness and supportive government initiatives will fuel market growth.Companies FeaturedOssurZimmer Biomet Holdings Inc.Blatchford Inc.Fillauer LLCOttobock Healthcare GmbHThe Ohio Willow Wood CompanyUltraflex Systems Inc.
Key Topics Covered
Chapter 1 Executive Summary
Chapter 2 Research Methodology
Chapter 3 Liquid Handling Technology Market Variables, Trends & Scope
Chapter 4 Liquid Handling Technology Market Categorization: Product Estimates & Trend Analysis
Chapter 5 Liquid Handling Technology Market Categorization: Type Estimates & Trend Analysis
Chapter 6 Liquid Handling Technology Market Categorization: Application Estimates & Trend Analysis
Chapter 7 Liquid Handling Technology Market Categorization: End-Use Estimates & Trend Analysis
Chapter 8 Liquid Handling Technology Market Categorization: Regional Estimates & Trend Analysis, by Product, Type, Applications & End-User
Chapter 9 Competitive Landscape
For more information about this report visit https://www.researchandmarkets.com/research/qkwdcm/prosthetics_and?w=4
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Related Topics:Orthopedic Devices
INDUSTRY KEYWORD: HEALTH DENTAL MEDICAL DEVICES
SOURCE: Research and Markets
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PUB: 09/25/2018 06:57 AM/DISC: 09/25/2018 06:57 AM