Research on Europe Orthotics & Prosthetics Industry Strategy Analysis (Impact of Covid-19)

Length- 105 Pages | Published Date - 2023-04-01 | Report Id- 2013
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In terms of market side, this report researches the Orthotics & Prosthetics revenue, growth rate, market share by manufacturers, by type, by application and by region (region level and country level), from 2018 to 2023, and forecast to 2029.

The Europe Orthotics & Prosthetics market size in 2022 is 1651.87 million US dollars, and it is expected to be 2363.73 million US dollars by 2029, with a compound annual growth rate of 5.25% expected in 2023-2029.

MARKET COMPETITIVE LANDSCAPE:
The main players in the Orthotics & Prosthetics market include Ottobock, Össur, PROTEOR, Ortho Europe (Ability Matters Group), and Steeper Group. The share of the top 3 players in the Orthotics & Prosthetics market is 53.00%.

SEGMENT OVERVIEW:
This report conducts segment analysis on type and application level. Type segment includes Orthotics, Prosthetics, etc. Application segment includes Man, Woman, etc.
---Orthotics contributes approximately 72.00% share to the market in 2022.
---Woman contributes approximately 50.00% share to the market in 2022.

Report Includes:
This report presents an overview of Europe market for Orthotics & Prosthetics. Analyses of the Europe market trends, with historic market revenue data for 2018 - 2022, estimates for 2023, and projections of CAGR through 2029.
This report researches the key players of Orthotics & Prosthetics, also provides the consumption of main regions and countries. Highlights of the upcoming market potential for Orthotics & Prosthetics, and key regions/countries of focus to forecast this market into various segments and sub-segments. Country specific data and market value analysis for the Germany, the U.K., Italy and Other Countries.

This report focuses on the Orthotics & Prosthetics market share and industry ranking of main players, data from 2018 to 2023. Identification of the major stakeholders in the Europe Orthotics & Prosthetics market, and analysis of their competitive landscape and market positioning based on recent developments and segmental revenues. This report will help stakeholders to understand the competitive landscape and gain more insights and position their businesses and market strategies in a better way.

This report analyzes the segments data by Type and by Application, from 2018 to 2029. Evaluation and forecast the market size for Orthotics & Prosthetics sales, projected growth trends, technology, application and end-user industry.
The orthotics and prosthetics market in Europe has been experiencing notable trends in recent years, driven by factors such as technological advancements, demographic changes, and increasing awareness of the benefits of orthotic and prosthetic devices. Here are some key trends in the orthotics and prosthetics market in Europe:

Advancements in Technology: Technological advancements have significantly impacted the orthotics and prosthetics market in Europe. Innovations in materials, manufacturing techniques, and digital technologies have led to the development of more advanced and customizable orthotic and prosthetic devices. Examples include the use of 3D printing for creating personalized prosthetic limbs and the integration of smart sensors and robotics in orthotic devices for improved functionality and patient comfort.

Increasing Aging Population: The aging population in Europe has contributed to the growth of the orthotics and prosthetics market. Age-related conditions such as osteoarthritis, limb loss due to vascular diseases, and mobility impairments increase the demand for orthotic and prosthetic devices. The focus is on providing solutions that enhance mobility, independence, and overall quality of life for elderly individuals.

Growing Sports and Fitness Segment: The use of orthotic and prosthetic devices in sports and fitness activities is gaining popularity in Europe. Athletes and individuals with limb impairments are increasingly participating in adaptive sports and physical activities, creating a demand for specialized orthotic and prosthetic solutions. Customized sports prostheses and orthoses designed to improve performance and support the unique needs of athletes are being developed.

Patient-Centric Approach: There is a shift towards a more patient-centric approach in the orthotics and prosthetics market. Healthcare providers and manufacturers are focusing on individualized care, taking into account patients” specific needs, lifestyles, and preferences. Customization, personalized fitting, and ongoing patient support and education are becoming essential elements of orthotic and prosthetic care.

Focus on Lightweight and Comfortable Designs: Lightweight and comfortable designs are a significant trend in the orthotics and prosthetics market. Manufacturers are investing in developing devices that are more lightweight, durable, and comfortable for users. This helps enhance mobility, reduce fatigue, and improve overall satisfaction with the orthotic or prosthetic device.

Integration of Artificial Intelligence (AI): Artificial intelligence is being increasingly integrated into orthotics and prosthetics, enabling more precise fitting, enhanced control, and improved user experience. AI algorithms can analyze data from sensors and adjust the device”s settings in real-time to optimize performance and provide a more natural feel.

Sustainable and Environmentally Friendly Solutions: The demand for sustainable and environmentally friendly orthotic and prosthetic solutions is growing in Europe. Manufacturers are exploring eco-friendly materials, recycling programs for device components, and more sustainable manufacturing processes to minimize the environmental impact of orthotics and prosthetics.

Collaboration and Partnerships: Collaboration between orthotic and prosthetic manufacturers, healthcare providers, and research institutions is on the rise. Partnerships facilitate the exchange of knowledge, promote innovation, and drive advancements in the field. This collaborative approach helps develop more effective and patient-centric orthotic and prosthetic solutions.
Highlights-Regions

Germany
UK
France
Italy
Spain
Russia

Player list
Ottobock
Össur
PROTEOR
Ortho Europe (Ability Matters Group)
Steeper Group
Trulife
Blatchford Limited
Fillauer
Others

Types list
Orthotics
Prosthetics

Application list
Man
Woman
Kids

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Research on Europe Orthotics & Prosthetics Industry Strategy Analysis (Impact of Covid-19)

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