Orthopedic Prosthetics Market Regional Analysis

North America is projected to account for a dominant share of the global orthopedic prosthetics market. The presence of a developed healthcare infrastructure, high availability of advanced prosthetics, and growing spending on healthcare are also estimated to make this a leading region for orthopedic prosthetics suppliers. Canada and the United States are slated to be the top markets for orthopedic prosthetics companies in the North American region through 2031 and beyond. Availability of favorable reimbursement policies and presence of leading orthopedic prosthetics manufacturers are also cementing the dominance of North America in the global orthopedic prosthetics industry. 

Rapidly rising geriatric population and growing prevalence of orthopedic disorders are making the Asia Pacific region the fastest growing market for orthopedic prosthetics providers. Growing healthcare spending potential, rising availability of advanced prosthetics, and surging incidence of diabetes are expected to propel sales of orthopedic prosthetics over the coming years. Japan is slated to be a highly opportune market owing to the presence of a massive senescent population base in the country. China and India are expected to be other opportune markets for orthopedic prosthetics suppliers operating in this region. Availability of cheap labor and raw materials in this region make it attractive for orthopedic prosthetics manufacturers.