Prosthetics and Orthotics Market To Exceed USD 12.28 Billion By 2025 : Grand View Research Inc.
San Francisco, 31 May 2019: The Report Prosthetics and Orthotics Market Size, Share & Trends Analysis Report By Type (Orthotics (Upper Limb, Lower Limb, Spinal), Prosthetics (Upper Extremity, Lower Extremity), And Segment Forecasts, 2018 – 2025 The global prosthetics and orthotics market size is expected to reach USD 12.28 billion by 2025, according to a new report by Grand View Research, Inc., exhibiting a 5.1% CAGR during the forecast period. Increasing incidence of sports injuries, rising incidence of osteosarcoma, and expanding geriatric population base are key factors driving market growth. 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, the number of people aged 60 years or over globally is expected to more than double by 2050, increasing from 962 million in 2017 to 2.1 billion in 2050. Geriatrics are more susceptible to conditions such as osteoporosi