China Orthosis And Prosthetics Market, By Product Type (Orthosis, and Prosthetic, By Age Group, and By Indication (Lower Limb Deformities, Upper Limb Deformities, and Others

China Orthosis And Prosthetics Market is estimated to be valued at US$ 1,740.1 Mn in 2023, and is expected to exhibit a CAGR of 5.3% during the forecast period (2023-2030).

Report Coverage		Report Details
Base Year:	2022	Market Size in 2023:	US$ 1,740.1 Mn
Historical Data for:	2018 to 2021	Forecast Period:	2023 - 2030
Forecast Period 2023 to 2030 CAGR:	5.30%	2030 Value Projection:	US$ 2,505.9 Mn

Figure 1. China Orthosis and Prosthetics Market Share (%), By Product Type, 2023

The orthosis and prosthetics market in China has seen rapid growth in recent years, driven by an aging population, rising healthcare spending, and advancements in technology. China has the largest aging population in the world, with 250 million people over the age of 60. This has led to an increasing demand for rehabilitation services and assistive devices like orthoses and prostheses. The Chinese government has also prioritized healthcare reform, boosting healthcare infrastructure and increasing insurance coverage. In China, orthotics and prosthetics have become more advanced and widely used in recent years. Traditional plaster or metal braces have been replaced with lighter and more comfortable thermoplastic or carbon fiber models. Advanced CAD/CAM technology allows customization for precise fit and function. Microprocessor-controlled prosthetics utilize sensors and AI to respond to the user's movements for more natural gait. Myoelectric prosthetics use electrodes to detect muscle signals from the residual limb to control motorized joint movements. Targeted muscle reinnervation improves control for high-level amputees by transferring residual nerve endings. Despite technological improvements, passive, body-powered and mechanical prosthetics remain common due to their simplicity and affordability. This provides greater access to orthotic and prosthetic devices for the population. Technological developments like 3D printing, robotics, and advanced materials have improved the functionality and customization of braces, artificial limbs, and other devices. With supportive demographic trends and policy tailwinds, China's orthosis and prosthetics market shows strong prospects for future expansion.

Market Dynamics

Technological development in the orthosis and prosthetics is expected to propel growth of the China orthosis and prosthetics market over the forecast period. For instance, in August 2021, researchers from Shanghai Jiao Tong University and MIT (Massachusetts Institute of Technology) developed a lightweight, soft and low-cost neuroprosthetic hand that offers real-time tactile control to amputees. Development of such brain-controlled neuroprosthetics is expected to create growth opportunities for players in the market.

Key features of the study:

• This report provides an in-depth analysis of the China orthosis and prosthetics market and provides market size (US$ Mn) and compound annual growth rate (CAGR) for the forecast period (2023-2030), considering 2022 as the base year.
• It elucidates potential revenue growth opportunities across different segments and explains attractive investment proposition matrices for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
• It profiles key players in the China orthosis and prosthetics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
• The key companies covered as a part of this study include Ottobock, Ossur hf, Teh Lin Pros. & Ortho. Inc., Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd., Hebei Baisite Prosthetic Orthotic Technology Co., Ltd., Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd., Nobel China Limited, Shijiazhuang Aofeite Import & Export Co., Ltd., e-Life International Co., Ltd., Rehan International Co., Ltd., and Xiamen Huakang Orthopedic Co., Ltd.
• Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
• China orthosis and prosthetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the China orthosis and prosthetics market

Detailed Segmentation:

• By Product Type:
  • Knee Ankle Foot Orthoses (KAFO)
  • Wrist Hand Orthoses (WHO)
  • Foot Orthoses (FO)
  • Ankle Foot Orthoses (AFO)
  • Elbow Orthosis (EO)
  • Hip Knee Ankle Foot Orthoses (HKAFO)
  • Shoulder Orthoses
  • Upper Limb Orthoses
  • Others
  • Below Knee (BK) - Transtibial
  • Above Knee (AK) - Transfemoral
  • Upper Extremity (UE) - Transradial, Transhumeral
  • Orthosis
  • Prosthetic
• By Age Group:
  • Pediatric
  • Adult
• By Indication:
  • Lower Limb Deformities
  • Upper Limb Deformities
  • Others (Spinal)
• Company Profiles
  • Ottobock
  • Ossur hf
  • Teh Lin Pros. & Ortho. Inc.
  • Shijiazhuang Wonderfu Rehabilitation Device Technology Co., Ltd.
  • Hebei Baisite Prosthetic Orthotic Technology Co., Ltd.
  • Beijing Jingbo Prosthetics & Orthotics Technical Co., Ltd.
  • Nobel China Limited
  • Shijiazhuang Aofeite Import & Export Co., Ltd.
  • e-Life International Co., Ltd.
  • Rehan International Co., Ltd.
  • Xiamen Huakang Orthopedic Co., Ltd.