PROSTHETICS AND ORTHOTICS MARKET ANALYSIS

Regional Analysis

Global Prosthetics and Orthotics Market: Regional Insights

Based on geography, the global prosthetics and orthotics market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa.

Among regions, North America is expected to gain highest share in the market during the forecast period due to the increasing incidence of osteosarcoma, increasing number of road accidents, rising burden of sports injuries, and growing burden of diabetes-related amputations in the United States.

Asia Pacific is also expected to witness robust growth in the global prosthetics and orthotics market due to the growing geriatric population increasing incidence of sports injuries and road accidents, growing number of diabetes-related amputations, and increasing prevalence of osteosarcoma in the region. For instance, according to the Ministry of Road Transport and Highways, Government of India, every year, more than 1.5 lakh people in India dies on road, which translate, on an average, into 1130 accidents and 422 deaths every day and/or 47 accidents and 18 deaths every hour. This in turn is expected to increase demand for prosthetics and orthotics.

Figure 1. Global Prosthetics and Orthotics Market Share (%), by Region, 2023

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa