April 12, 2024

The Global China Orthosis And Prosthetics Market Growth Accelerated By Digital Advancements

China Orthosis and Prosthetics market consists of orthopedic products that are designed to help patients regain mobility and function. These products are made to support weak or deformed bones, or act as prostheses for missing body parts. Advancements in 3D printing and digital scanning technologies have allowed for personalized orthotic and prosthetic devices to be manufactured with a high level of precision and comfort.

The global China Orthosis and Prosthetics Market is estimated to be valued at US$ 2113.57 Mn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.

Market key trends:
3D scanning of limbs allows for intricate device designs to be digitally created that can be perfectly fitted to an individual. 3D printing then produces the personalized devices layer-by-layer with meticulous accuracy. This digital manufacturing process reduces production time and costs compared to traditional methods, while improving comfort levels for patients. The collection and analysis of digital patient scans and device usage also enables customization to be refined over time based on real-world feedback. This trend towards personalized, digitally-manufactured orthosis and prosthetics aligns well with advanced treatments emerging in China.

Segment Analysis
The China orthosis and prosthetics market is dominated by the lower extremity orthosis and prosthetics sub-segment. This sub-segment holds the largest market share owing to increasing incidence of lower extremity injuries and disorders. Lower limb orthopedic devices like knee braces and ankle-foot orthosis are widely used for conditions like arthritis, fractures and post-surgery rehabilitation.

Key Takeaways
The China Orthosis And Prosthetics Market Size  is expected to witness high growth over the forecast period of 2024 to 2031. Boosted by rising geriatric population, increasing insurance coverage and growing awareness about orthopedic devices. The global China Orthosis and Prosthetics Market is estimated to be valued at US$ 2113.57 Mn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024 to 2031.

Regional analysis
The eastern region of China dominates the orthosis and prosthetics market in terms of revenue. Factors such as presence of major manufacturers and distributors, higher disposable incomes and growing medical infrastructure have made the eastern region the leader. However, northern China is poised to be the fastest growing regional market owing to rapid economic development.

Key players
Key players operating in the China orthosis and prosthetics market are RETAL Industries Ltd., Plastipak Holdings, Inc. and ALPLA Werke Alwin Lehner GmbH & Co KG. These companies enjoy a sizeable market share due to their diverse product portfolios and widespread distribution networks across China.

Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it