Prosthetics & Orthotics Industry Analysis, 2020 - Partnerships, Collaborations & Agreements; Acquisitions & Mergers; Product Launches & Expansions

DUBLIN, March 23, 2020 /PRNewswire/ -- The "Global Prosthetics and Orthotics Market, by Type, by Orthotics Category, by Prosthetics Category, by Region, Industry Analysis and Forecast, 2019 - 2025" report has been added to ResearchAndMarkets.com's offering.

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The Global Prosthetics and Orthotics Market size is expected to reach $11.7 billion by 2025, rising at a market growth of 4.6% CAGR during the forecast period.

In the future, the orthotist/prosthetist's clinical position will continue to develop with the implementation of new, contemporary care models that concentrate on assisting clients in defining their treatment goals and assessing how effectively those goals have been achieved. Practitioners are required to use high-level communication skills to promote conversations, thereby assisting clients in defining their own treatment goals and informing their decision about orthotic/prosthetic treatments despite an understanding of the likely outcomes.

The major strategies followed by the market participants are Acquisitions and Partnerships. Based on the Analysis presented in the Cardinal matrix, Johnson and Johnson and Stryker Corporation are some of the forerunners in the Prosthetics and Orthotics Market. Companies such as Otto Bock Healthcare GmbH, Smith & Nephew PLC, WillowWood Global LLC, Ossur Hf., and Zimmer Biomet Holdings, Inc. are some of the key innovators in Prosthetics and Orthotics Market.

Partnerships, Collaborations, and Agreements

    --  Dec-2019: Ossur collaborated with Alfred Mann Foundation (AMF) of Santa
        Clarita. Under this collaboration, Ossur is expected to develop and
        license AMF's implanted myoelectric sensor (IMES) for exploring the
        potential of mind-controlled prosthetic technologies.

Acquisition and Mergers

    --  Nov-2019: Stryker announced the acquisition of Wright Medical, a medical
        device company focused on Extremities and Biologics. Through this
        acquisition, the company expanded its business of shoulder and wrist
        implants.
    --  Mar-2019: Smith & Nephew completed the acquisition of the Brainlab
        orthopedic joint reconstruction business. The Joint reconstruction
        business delivers digital workflow tools to surgeons. Through this
        acquisition, the former company expanded its portfolio in multi-asset
        digital surgery and robotic ecosystem.
    --  Sep-2018: Johnson and Johnson took over Emerging Implant Technologies
        GmbH (EIT), a manufacturer of 3D-printed titanium interbody implants for
        spinal fusion surgery. The acquisition enabled DePuy Synthes, a Johnson
        and Johnson Company to enhance its interbody implant portfolio.
    --  May-2018: Otto Bock took over FIH Group Holdings. The acquisition
        enabled both the companies in creating a broad spectrum of innovative
        systems in prosthetics as well as an exciting slew of new products.
    --  Jan-2018: Otto Bock completed the acquisition of BeBionic prosthetic
        products and related business from Steeper, a British med-tech company.
        The acquisition expanded the company's portfolio of prosthetics.
    --  Sep-2016: Stryker completed the acquisition of Restore Surgical LLC.
        Restore Surgical doing business as Instratek. Instratek is engaged in
        staple and hammertoe implants and minimally invasive soft tissue
        recession instrumentation for ankle, foot, and upper extremity
        procedures. The acquisition helped in expanding the company's business.
    --  May-2016: Stryker acquired Stanmore Implants, a manufacturer of
        reconstructive orthopedic devices for oncology patients. The acquisition
        provided differentiated technologies to the company for providing
        effective solutions for orthopedic oncology surgeons.

Product Launches and Product Expansions

    --  Sep-2019: Zimmer Biomet launched Stratum Foot Plating System, a plate
        and screws construct system. This is the next generation of anatomic
        locking plates that have been designed for optimizing the usability and
        reduce time.
    --  Feb-2019: Ossur launched a new, next-generation version of revolutionary
        Proprio Foot microprocessor ankle (MPA). This version of Proprio Foot
        has been integrated with Artificial intelligence, which enables it to
        sense and respond to the changes in its user's walking style and
        terrain.
    --  Oct-2018: Otto Bock launched Quickchange System, a two-part adapter that
        enables the lower limb amputees to change their feet faster than they
        can change their shoes.
    --  Mar-2018: Smith & Nephew unveiled JOURNEY II XR total knee arthroplasty
        (TKA) in the United States and Japan. JOURNEY II XR provides greater
        patient satisfaction with long-term survivorship and reproducible
        principles.
    --  Mar-2018: Stryker launched Trident II Acetabular System, featuring
        Trident II Tritanium. Trident II Tritanium integrates the
        reproducibility of Stryker's proprietary AMagine additive manufactured
        Tritanium In-Growth Technology and SOMA-verification process with the
        precision of Mako Robotic-Arm Assisted Surgery that helps the surgeons
        in delivering a more predictable surgical experience.

Key Topics Covered

Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Global Prosthetics and Orthotics Market, by Type
1.4.2 Global Orthotics Market, by Category
1.4.3 Global Prosthetics Market, by Category
1.4.4 Global Prosthetics and Orthotics Market, by Geography
1.5 Methodology for the Research

Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.2 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints

Chapter 3. Competition Analysis - Global
3.1 Cardinal Matrix
3.2 Recent Industry Wide Strategic Developments
3.2.1 Partnerships, Collaborations and Agreements
3.2.2 Product Launches and Product Expansions
3.2.3 Mergers & Acquisitions
3.3 Top Winning Strategies
3.3.1 Key Leading Strategies: Percentage Distribution (2015-2019)
3.3.2 Key Strategic Moves: (Acquisition and Mergers: 2019-Nov - 2016-Jan) Leading Players
3.3.3 Key Strategic Moves: (Product Launches and Product Expansions: 2019-Sep - 2015-Mar) Leading Players

Chapter 4. Global Prosthetics and Orthotics Market by Type
4.1 Global Orthotics Market by Region
4.1.1 Global Orthotics Market by Category
4.1.1.1 Global Upper limb Market by Region
4.1.1.2 Global Lower limb Market by Region
4.1.1.3 Global Spinal Market by Region
4.2 Global Prosthetics Market by Region
4.2.1 Global Prosthetics Market by Category
4.2.1.1 Global Upper extremity Market by Region
4.2.1.2 Global Lower extremity Market by Region
4.2.1.3 Global Liners Market by Region
4.2.1.4 Global Sockets Market by Region
4.2.1.5 Global Modular components Market by Region

Chapter 5. Global Prosthetics and Orthotics Market by Region
5.1 North America Prosthetics and Orthotics Market
5.2 Europe Prosthetics and Orthotics Market
5.3 Asia-Pacific Prosthetics and Orthotics Market
5.4 LAMEA Prosthetics and Orthotics Market

Chapter 6. Company Profiles
6.1 Ossur Hf.
6.2 Zimmer Biomet Holdings, Inc.
6.3 Blatchford Limited
6.4 Fillauer LLC (Fillauer Companies, Inc.)
6.5 Otto Bock Healthcare GmbH (Otto Bock Holding GmbH & Co. KG)
6.6 WillowWood Global LLC
6.7 Ultraflex Systems, Inc.
6.8 Johnson and Johnson
6.9 Stryker Corporation
6.10 Smith & Nephew PLC

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