3 Key Insights on US$ 9 Bn Opportunity in the Global Prosthetics and Orthotics Market REQUEST FOR SAMPLE REPORT Request For sample Report × Report Title Name Email Designation Phone No Comapny Name Comapny URL Country -- Please Select Your Country -- Afganistan Africa Albania Algeria Andorra Angola Anguilla Antigua and Barbuda Argentina Armenia Aruba Asia Australasia Australia Austria Azerbaijan Bahamas Bahrain Bangladesh Barbados Belarus Belgium Belize Benin Bermuda Bhutan Bolivia Bonaire Bosnia Herzegovina Botswana Brazil BRICS British Virgin Islands Brunei Darussalam Bulgaria Burkina Faso Cambodia Cameroon Canada Cape Verde Cayman Islands Central African Republic Central and South America Chad Chile China Colombia Comoros Congo Costa Rica Cote d'Ivoire Croatia Cuba Curacao Cyprus Czech Republic Denmark Djibouti Dominica Dominican Republic Ecuador Egypt El Salvador Equatorial Guinea Eritrea Estonia Ethiopia Europe European Union Falkland Islands Faroe Islands Fiji Finland France French Guiana French Polynesia Gabon Gambia Georgia Germany Ghana Gibraltar Global Great Britain Greece Greenland Grenada Guadeloupe Guam Guatemala Guerney & Alderney Guinea Guinea-Bissau Guyana Haiti Honduras Hong Kong Hungary Iceland India Indonesia Iran Iraq Ireland Isle of Man Israel Italy Ivory Coast Jamaica Japan Jersey Jordan Kazakhstan Kenya Kiribati Kosovo Kuwait Kyrgyzstan Laos Latvia Lebanon Lesotho Liberia Libyan Arab Jamahiriya Liechtenstein Lithuania Luxembourg Macao Macau Macedonia Madagascar Malawi Malaysia Maldives Mali Malta Man (Island of) Marshall Islands Martinique Mauritania Mauritius Mayotte Mexico Micronesia Middle East Minnesota Moldova Monaco Mongolia Monserrat Montenegro Morocco Morroco Mozambique Myanmar Namibia Nepal Netherlands New Caledonia New Zealand Nicaragua Niger Nigeria Niue North America North Korea Norway Oman Pakistan Palau Palestine Panama Papua New Guinea Paraguay Peru Philippines Poland Portugal Puerto Rico Qatar Reunion Romania Russia Rwanda Saint Helena Saint Lucia Saint Martin Saint Pierre and Miquelon Saint Vincent and the Grenadines Samoa Samoa (American) San Marino Sao Tome and Principe Saudi Arabia Scandinavia Senegal Serbia Seychelles Sierra Leone Singapore Sint Maarten Slovakia Slovenia Solomon (Islands) Somalia South Africa South Korea South Sudan Spain Sri Lanka Sudan Suriname Svalbard and Jan Mayen Islands Swaziland Sweden Switzerland Syria Taiwan Tajikistan Tanzania Thailand Timor Leste Togo Tonga Trinidad and Tobago Tunisia Turkey Turkmenistan Turks and Caicos Islands Uganda Ukraine United Arab Emirates United Kingdom United States Uruguay Uzbekistan Vanuatu Vatican City Venezuela Vietnam Virgin Islands Western Sahara Yemen Zambia Zimbabwe Requirement Submit Buy Now Driven by the advancement in technology in prosthetics and orthotics along with the rising incidence of road accidents, sports injuries, and the increasing number of diabetes-related amputations, the Global Prosthetics and Orthotics Market is Forecasted to reach nearly US$ 9 Bn by 2028 says Ken Research Study. Prosthetics is the branch of surgery that deals with the fitting of prosthetic devices, especially artificial limbs in individuals who have lost their limbs. Orthotics is a medical field that deals with the design, manufacture, and fabrication of artificial devices like braces, splints, and others to support damaged or weak joints, bones, muscles, and others. Ken Research shares 3 key insights on this dynamic market from its latest research study. 1. Rising Advancement in Technology to Design Personalized Prosthetics and Orthotics Encourage Market Growth The increase in disabilities globally along with the advancement in technology for the development of prosthetics and orthotics devices is likely to augment the growth of the market. The large-scale investments made toward the development of effective and versatile artificial limbs are anticipated to aid in the growth of the Global Prosthetics and Orthotics Market. However, the high cost of artificial limbs and the low-income status of a large population may hinder the growth of the market. According to Ken Research estimates, the Global Prosthetics and Orthotics Market – valued at around US$ 6 Bn in 2017 and estimated to reach nearly US$ 7 Bn by 2022 – is expected to grow to around US$ 9 Bn opportunity by 2028. 2. Rising Incidence of Sports Injuries is Driving the Market Growth The rising incidence of sports injuries globally along with the curiosity about sports among people has increased the risk of wounds and fractures that may lead to serious injuries or disabilities, which is expected to boost the demand for prosthetics and orthotics. According to the National Safety Council people playing basketball suffered most sports injuries. An alarming rise in the frequency of sports injuries is likely to poise the growth of the market globally. Request For Sample Report @ https://www.kenresearch.com/sample-report.php?Frmdetails=NTk2MTE2 The below graph depicts the frequency of a number of sports injuries in 2020 within American population. 3. High Operation Cost of Prosthetic Devices Is the Most Significant Barrier to the Growth of the Market. The high cost of devices of prosthetics and orthotics devices along with a large population with low-income status, especially in developing countries, may hamper the growth of the market. A large number of the population in developing countries comes from a middle-class or lower-class family which makes it difficult to afford such high-priced artificial limbs, which may restrict the growth of the market. The below graph depicts the high operating cost of Myo Prosthesis in US$. For more information on the research report, refer to the below link: Prosthetics and Orthotics Manufacturing Companies Read Also – 3 Key Insights on Competitive Landscape in the Global Prosthetics and Orthotics Market Follow Us – LinkedIn | Instagram | Facebook | Twitter | YouTube Contact Us: – Ken Research Ankur Gupta, Head Marketing & Communications support@kenresearch.com +91-9015378249 Post Views: 7 Tags: Africa Prosthetics and Orthotics Market, Artificial Legs and Hands Industry, Artificial Limbs Market, Asia-Pacific Prosthetics and Orthotics Market, Bauerfeind Prosthetics and Orthotics Industry, Blatchford Limited Prosthetics and Orthotics Market, Braces and Splints Market, Challenges in Prosthetics and Orthotics Business, China Prosthetics and Orthotics Market, Competitors in Prosthetics and Orthotics Market, Cyberdyne Prosthetics and Orthotics Market, Demand for Prosthetics and Orthotics in Consumer Sector, Ekso Bionics Prosthetics and Orthotics Market, Emerging Companies in Prosthetics and Orthotics Market, Europe Prosthetics and Orthotics Market, Fillauer LLC Prosthetics and Orthotics Market, Global Players in Prosthetics and Orthotics, India Prosthetics and Orthotics Market, Investment in Prosthetics and Orthotics Startups, Investors in Prosthetics and Orthotics Market, Johnson and Johnson Prosthetics and Orthotics Industry, Latin America Prosthetics and Orthotics Market, Leading Players in Prosthetics and Orthotics Industry, Major Companies in Prosthetics and Orthotics Market, Middle East Prosthetics and Orthotics Market, North America Prosthetics and Orthotics Market, Opportunities in Prosthetics and Orthotics Market, Orthoses Equipment Market, Össur Prosthetics and Orthotics Market Investors, Ottobock Prosthetics and Orthotics Market Investor, Prostheses Equipment Market, Prosthetics and Orthotics Distributors, Prosthetics and Orthotics End User Industry, Prosthetics and Orthotics Industry, Prosthetics and Orthotics Industry Challenges, Prosthetics and Orthotics Industry Outlook, Prosthetics and Orthotics Manufacturing Companies, Prosthetics and Orthotics Market, Prosthetics and Orthotics Market Associations, Prosthetics and Orthotics Market Demand, Prosthetics and Orthotics Market Trends, Prosthetics and Orthotics Raw Material Suppliers, Prosthetics and Orthotics Sector, ReWalk Robotics Prosthetics and Orthotics Market, Sarcos Robotics Prosthetics and Orthotics Market, Smith+Nephew Prosthetics and Orthotics Industry, Startups in Prosthetics and Orthotics Industry, Steeper Inc. 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