The orthopedic prosthetic market offers a wide range of products including upper and lower extremity prosthetics, implants, and spinal disc replacement products to enable recovery from bone and joint injuries or conditions. From ceramic-on-ceramic joints to computer-controlled prosthetic limbs, advanced materials and digital technologies are revolutionizing mobility care.
The Global Orthopedic Prosthetic Market is estimated to be valued at US$ 10.79 Bn in 2024 and is expected to exhibit a CAGR of 6.0% over the forecast period 2024 To 2031.

Key Takeaways

Key players operating in the orthopedic prosthetic market are Broadcom Inc., Sicoya GMBH,
GlobalFoundries Inc., Intel Corporation, Juniper Networks Inc., Cisco Systems Inc., IBM Corporation, and NeoPhotonics Corporation. Prosthetics from these leading manufacturers offer lightweight and durable implants, as well as smart devices with advanced sensors and connectivity. The growing prevalence of orthopedic diseases and injuries, coupled with increasing investments in medical technology R&D, are fueling demand for new and improved orthopedic solutions. Manufacturers are also expanding their presence in emerging markets to tap the large patient populations and take advantage of favorable regulations.