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Showing posts with the label Prosthetics & Orthotics Market Share

Prosthetics & Orthotics Market Size To Hit USD 8.6 Billion By 2028

  San Francisco, 14 April 2021:   The Report  Prosthetics & Orthotics Market  Size, Share & Trends Analysis Report By Type (Orthotics, Prosthetics), By Region (North America, APAC), And Segment Forecasts, 2021 - 2028 The global prosthetics and orthotics market size is expected to reach USD 8.6 billion by 2028, registering a CAGR of 4.2% over the forecast period, according to a new report by Grand View Research, Inc. Increasing cases of osteosarcoma & sports injuries and a growing geriatric population are the key factors driving the market growth. The rising geriatric population across the globe has become one of the key factors driving demand for prosthetics and orthotics. For instance, as per the United Nations, globally, the number of people aged 60 years or above is expected to increasing from 962 million in 2017 to 2.1 billion in 2050. People aged 60 years and above are more susceptible to conditions, such as osteoporosis and osteopenia, boo...