Advancing Mobility: Trends & Innovations in the Prosthetics and Orthotics Market
The global prosthetics and orthotics market was estimated to be valued at USD 6.56 billion in 2024, and it is projected to expand at a compound annual growth rate (CAGR) of 4.4% from 2025 to 2030. Several factors are contributing to the growth of this industry, including the rising incidence of sports injuries and road accidents, an increasing number of diabetes-related amputations, and the growing prevalence of osteosarcoma worldwide. For example, according to data from Stanford University, more than 3.5 million children in the United States suffer from sports-related injuries annually. Consequently, injuries sustained through sports activities are anticipated to significantly drive the demand for prosthetics and orthotics solutions over the forecast period, as affected individuals seek effective rehabilitation and mobility support. Additionally, the growing number of road ...