Global Orthopedic Prosthetics Market will be US$ 2.72 Billion by 2025 Renub Research Report
Global Orthopedic Prosthetics Market will be US$ 2.72 Billion by 2025. In medicine, a prosthetic is an artificial device that replaces human body parts such as hands, legs, knee, ankle, hip, elbow, etc.
According to Renub Research analysis Global Orthopedic Prosthetics Market will be US$ 2,723.7 Millio
The market for Global Orthopedic Prosthetics Market is increasing year on year according to Renub Research analysis; the market is forecasted to be US$ 2.72 Billion by the end of the year 2025. Growth factors for this market are the prevalence of diabetics and rising sports injuries. North America is leading the market as compared to other regions of the world. The use of electric-powered, conventional and hybrid orthopaedic prosthetics are driving the market. According to Renub Research analysis, electric-powered orthopaedics will have significant market share. Innovation in medical devices and increasing per capita income, as well as financial support by government and NGOs around the world, are enabling the patient to buy orthopaedic prosthetics devices without any hurdle.
The impact of COVID-19 on Global Orthopedic Prosthetics Market
The growth rate of the global orthopaedic prosthetics market has been disturbed by COVID-19 pandemic as most of the healthcare companies are investing heavily in the research and development of Coronvirus treatment. The market for Global Orthopedic Prosthetics Market will decline in the year 2020 as a result of lockdown imposed by government authorities.
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Market Summary:
By Products:
This research report covered the market and market share of following products: Upper Extremity Prosthetics, Lower Extremity Prosthetics, Prosthetic Liners and others. According to Renub Research analysis, Lower Extremity Prosthetics is dominating the market.
By Technology:
The market and market summary of Electric Powered Technology, Hybrid Technology, and Conventional Technology are given in this research report. Electric Powered Technology will grow significantly in the forecasted years.
By Regions:
The market and market summary of North America, Europe, Asia Pacific, Latin America, and Middle East & Africa are covered in this research report. According to Renub Research analysis, North America holds a significant market share.
By Company:
The company overview, recent development and sales analysis of Zimmer Biomet, Stryker Corporation, Hanger Inc., Össur and Ottobock Healthcare are given in this research report.
Industry Related Opportunity:
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Renub Research
Rajat Gupta
Tel: Market Research, Bus
Email us
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This press release is posted on EmailWire.com -- a global newswire that provides Press Release Distribution Services with Guaranteed Results