Global Prosthetics Market Projected to Reach $2.30 Billion by 2023: A Comprehensive Analysis of Key Drivers and Challenges - ResearchAndMarkets.com
The global prosthetics market is divided into four regions:
- The global prosthetics market is divided into four regions:
North America leads the market, driven by an increasing prevalence of orthopedic injuries, growing trauma cases, and the rise in obesity contributing to diabetes. - Europe presents strong growth potential, primarily due to rising life expectancy, an aging population, and an increase in road injuries.
- The COVID-19 pandemic initially posed challenges to the prosthetics market, with disruptions in supply chains and restrictions on elective medical procedures.
- The global prosthetics market is moderately concentrated, with leading companies pursuing growth strategies such as mergers, acquisitions, collaborations, and agreements.