China Orthosis And Prosthetics MarketSize and Trends
China orthosis and prosthetics market is estimated to be valued at US$ 1,740.1 Mn in 2023, and is expected to exhibit a CAGR of 5.3% during the forecast period (2023-2030).
Figure 1. China Orthosis and Prosthetics Market Share (%), By Product Type, 2023
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China Orthosis and Prosthetics Market - Drivers
- Increasing adoption of growth strategies such as geographical expansion: Key market players are focusing on adoption of growth strategies such as geographical expansions to maintain a competitive edge in the China orthosis and prosthetic market. For instance, in December 2020, Xiamen Huakang Orthopedic Co., Ltd., a China-based manufacturer and supplier of orthopedic braces, established a new factory in the country for orthopedic rehabilitation products such as ankle foot orthosis, ankle splints, walker braces, knee braces, hip abduction, lumbar sacral orthosis (LSO) spinal back braces, waist belt, shoulder immobilizer arm slings, elbow braces, wrist brace thumb spica, finger braces, cervical collar, and others.
- Increase in product offerings from key market players: Market players are focusing on increasing product offerings in the market, and this is expected to boost the growth of the China orthosis and prosthetics market over the forecast period. For instance, Myomo, Inc., a wearable medical robotics company, offers improved arm and hand function for those suffering from neurological disorders and upper limb paralysis. The company develops and markets the MyoPro product line. MyoPro is a powered upper limb orthosis that is designed to support the arm and restore function to the weakened or paralyzed arms of patients suffering from CVA stroke, brachial plexus injury, traumatic brain or spinal cord injury, ALS or other neuromuscular disease or injury.
Figure 2. China Orthosis and Prosthetics Market Share (%), By Age Group, 2023
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China Orthosis and Prosthetics Market Segmentation:
China orthosis and prosthetics market is segmented into product type, age group, and indication.
- Based on product type, the market is segmented into orthosis (knee ankle foot orthoses (KAFO), wrist hand orthoses (WHO), foot orthoses (FO), ankle foot orthoses (AFO), elbow orthosis (EO), hip knee ankle foot orthoses (HKAFO), shoulder orthoses, upper limb orthoses, others) and Prosthetic( below knee (BK) – transtibial, above knee (AK) – transfemoral, and upper extremity (UE) - transradial, transhumeral). Out of which, the knee ankle foot orthoses (KAFO) segment is expected to hold a dominant position in the China orthosis and prosthetics market during the forecast period due to the increasing product launch.
- Based on age group, the market is segmented into pediatric and adult. Out of which, the adult segment is expected to hold a dominant position in the China orthosis and prosthetics market during the forecast period due to rising prevalence of osteoporosis in adults.
- Based on indication, the market is segmented into lower limb deformities, upper limb deformities, and others (spinal). Out of which, the lower limb deformities segment is expected to hold a dominant position in the China orthosis and prosthetics market over the forecast period due to increasing incidences of lower limb deformities.
Among all the segmentation, the age group segment is expected to have high potential in the China orthosis and prosthetics market over the forecast period due to increasing prevalence of osteoporosis in adults. For instance, in February 2023, according to the article published by Frontiers, the prevalence of osteoporosis has increased over the past years in China. According to the recent multicenter survey, the age-standardized prevalence of osteoporosis in China was 6.46% and 29.13% for men and women aged 50 years and older, respectively.
China Orthosis and Prosthetics Market: Key Trends
- Increasing technological advancements: Increasing technological advancements in orthosis and prosthetic devices is also expected to propel China orthosis and prosthetics market growth. Myoelectric prosthesis are externally powered prostheses that are controlled through the signals generated by the body’s muscles. An electric tension in microvolt range is generated through a biochemical process whenever the muscles contracts. This tension can be measured on the skin which is amplified and transferred as control signals to the electronics present in the prosthesis. For instance, Bebionic Hand offered by Ottobock, innovator for prosthetics, orthoses and exoskeletons, is an example of myoelectric prosthesis.