Increasing prevalence of ailments and accidents that result in amputations is expected to drive market expansion in the near future at a CAGR of 5.90% during the forecast period 2023 to 2032

Market Research Future (MRFR) has published on the “Global Orthopedic Prosthetics Market”.

Market Highlights

The global orthopedic prosthetics market is accounted to register a CAGR of 5.90% during the forecast period and is estimated to reach USD 10.3 Billion by 2032.

The orthopedic prosthetics market is on the rise, driven by factors such as an aging population, sports-related injuries, and advancements in prosthetic technologies. Customizable solutions for limb replacement and functional enhancements contribute to market growth.

Key Players

MRFR recognizes the following companies as the key players in the global orthopedic prosthetics market— Össur, Hanger Inc., Ottobock, Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., BioMetrics Prosthetic and Orthotic CT, Trulife, Open Bionics, SYNERGY PROSTHETICS, Motorica among other prominent players

Segment Analysis

The global orthopedic prosthetics market has been segmented based product type, technology and end user.

On the basis of product type, the market is segmented into upper extremity prosthetics, lower extremity prosthetics, liners, sockets and modular components. The lower extremity prosthetics segment dominated the market in 2022. Diabetes commonly results in lower extremity amputations. With the prevalence of diabetes continuing to climb, particularly in low- and middle-income countries, the demand for lower extremity prosthetics has skyrocketed.   

Based on technology, the global orthopedic prosthetics market has been segmented into conventional, electric powered and hybrid orthopedic prosthetics. The electric powered category generated the most income in 2022. Electric-powered prosthetics provide better mobility and utility than traditional prosthetics.

Based on end user, the global orthopedic prosthetics market has been segmented into hospitals, prosthetic clinics, rehabilitation center and others. The hospitals segment dominated the market in 2022. Modern surgical techniques, like minimally invasive surgery and computer-assisted surgery, are being used in hospitals to perform orthopedic treatments with greater precision and success rates.

Browse In-depth Market Details [Table of Content, List of Figures, List of Tables] of Orthopedic Prosthetics Market Research Report

Regional Analysis

The global orthopedic prosthetics market, based on region, has been divided into the North America, Europe, Asia-Pacific, and Rest of the World. North America consists of US and Canada. The Europe orthopedic prosthetics market comprises of Germany, France, the UK, Italy, Spain, and the rest of Europe. The orthopedic prosthetics market in Asia-Pacific has been segmented into China, India, Japan, Australia, South Korea, and the rest of Asia-Pacific. The Rest of the World orthopedic prosthetics market comprises of Middle East, Africa, and Latin America.

The North America orthopedic prosthetics market dominated this market in 2022 (45.80%). The region's healthcare systems usually provide significant health insurance coverage despite their disparities. Patients' financial constraints are lessened as a result of this coverage, increasing access to orthopedic prosthetic devices. There are many options for orthopedic prostheses, and patients can customize their devices to fit their particular needs and lifestyles.

Moreover, the second-largest market share for orthopedic prostheses is in Europe. Strict guidelines give patients and medical professionals assurance about the safety and efficacy of orthopedic prostheses. Patients can feel secure knowing that the equipment they receive has undergone stringent testing and is of the highest caliber.

Additionally, the Asia-Pacific orthopedic prosthetics market is expected to grow at the fastest CAGR from 2023 to 2032. Traumatic injuries caused by accidents and industrial incidents are very frequent in the Asia-Pacific region. Following these incidents, orthopedic prosthetic devices are frequently required for limb replacement or reconstruction. As a result, there is still a high need for prosthetic products, particularly in countries with active industries.

Furthermore, the rest of the world's orthopedic prosthetics market is divided into the Middle East, Africa, and Latin America. The orthopedic prosthetics market in Latin America is growing due to factors like an aging population and increased incidents of injuries. With advancements in prosthetic technology, tailored solutions for limb replacement and functional enhancement are driving market growth.

Key Findings of the Study

• The global orthopedic prosthetics market is expected to reach USD 10.3 Billion by 2032, at a CAGR of 5.90% during the forecast period.


• The Asia-Pacific region accounted for the fastest-growing global market. In the Asia-Pacific area, traumatic injuries brought on by mishaps and workplace occurrences are also common.


• Based on technology, the electric powered segment was attributed to holding the largest market in 2022.


• Össur, Hanger Inc., Ottobock, Blatchford Limited, WillowWood Global LLC, Fillauer LLC, Howard Orthopaedics Inc., Aether Biomedical, United Prosthetics, Advanced Arm Dynamic, TASKA Prosthetics, Steeper Inc., BioMetrics Prosthetic and Orthotic CT, Trulife, Open Bionics, SYNERGY PROSTHETICS, Motorica among other prominent players