Artificial Intelligence
[Latest Report] Global Orthopedic Prosthetic Devices Market Size Worth 3.97 Billion by 2030 at a 9.5 CAGR: Custom Market Insights (Orthopedic Prosthetic Devices Market Share, Report, Trends, Forecast, Trends, Segmentation)
Sandy, Utah, USA, Sept. 19, 2022 (GLOBE NEWSWIRE) — Custom Market Insights has published a new research report titled “Orthopedic Prosthetic Devices Market Size, Share, Growth Analysis Report By Type (Lower Extremity Prosthetics, Upper Extremity Prosthetics, Sockets, Others), By Technology (Conventional, Electric-Powered, Hybrid), By End User (Research Institutes, Hospitals, Diagnostic Laboratories, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” in its research database.
“According to the latest research study, the demand of global Orthopedic Prosthetic Devices Market size & share was valued at approximately USD 1.73 Billion in 2021 to $1.96 billion in 2022 and is expected to reach a value of around USD 3.97 Billion by 2030, at a compound annual growth rate (CAGR) of about 9.5 during the forecast period 2022 to 2030.”
Scrutinizing the uncertainties of the COVID-19 pandemic, our research team is constantly tracking and assessing the impact of the pandemic on the Orthopedic Prosthetic Devices market. Our market search report includes these comprehensive insights as a key market contributor.
Click Here to Access a Free Sample Report of the Global Orthopedic Prosthetic Devices Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Orthopedic Prosthetic Devices Market: Overview
An orthopedic prosthetic comprises an artificial device that substitutes for missing body parts. These artificial limbs help patients/users with lost body parts (limbs) to function efficiently and resemble natural limbs. The lost parts could result from diseases, surgical removal, congenital conditions, trauma, or disabling illness.
(A free sample of the Orthopedic Prosthetic Devices report is available upon request; please contact us for more information.)
Our Free Sample Report Consists of the following:
- Introduction, Overview, and in-depth industry analysis are all included in the 2022 updated report.
- The COVID-19 Pandemic Outbreak Impact Analysis is included in the package
- About 220+ Pages Research Report (Including Recent Research)
- Provide detailed chapter-by-chapter guidance on Request
- Updated Regional Analysis with Graphical Representation of Size, Share, and Trends for the Year 2022
- Includes Tables and figures have been updated
- The most recent version of the report includes the Top Market Players, their Business Strategies, Sales Volume, and Revenue Analysis
- Custom Market Insights (CMI) research methodology
(Please note that the sample of the Orthopedic Prosthetic Devices report has been modified to include the COVID-19 impact study prior to delivery.)
To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Growth Factors
Growth in healthcare infrastructure spending
The rising number of accidental injuries and trauma cases are the major factors bolstering the growth of Orthopedic Prosthetic Devices. Accidental injuries and trauma can result from sports injuries, medical complications, road accidents, and work-related injuries.
Most of these accidents require prosthetics or amputations device to replace the lost body part. For example, around 2.1 million people in the US are living with limb loss, and it is anticipated that the number will be doubled by 2050. Also, on a yearly average, nearly 185,000 of the US population have an amputation, resulting in 300 to 500 amputations/day. This is boosting the growth of the Orthopedic Prosthetics Market.
The rising number of road accidents worldwide is also expected to drive the Orthopedic Prosthetic Devices market. Further, the increasing disability rates worldwide are also boosting the market. Advancements in technology leading to new product launches are offering prosperous opportunities to the orthopedic prosthetic market players. Although, the high cost of these devices is anticipated to be the restraining factor to the growth of the Orthopedic Prosthetic Devices market.
Segmental Overview
The Orthopedic Prosthetic Devices market is segmented into product, technique, and end user. The market is categorized into lower extremity prosthetics, upper extremity prosthetics, sockets, and other products. The lower extremity prosthetics segment is expected to maintain its dominance throughout 2022-2030. Also, the demand for upper extremist prosthetics is increasing owing to the rising number of spinal injuries.
The rising number of diabetes patients globally and increasing obese populations increase the demand for lower extremity prosthetics. Based on technique, the electric-powered segment witnessed exponential growth from 2022 to 2030. By end users, the hospital’s segment is expected to witness a high CAGR during the forecast period.
Key questions answered in this report:
- What is the size of the Orthopedic Prosthetic Devices market and what is its expected growth rate?
- What are the primary driving factors that push the Orthopedic Prosthetic Devices market forward?
- What are the Orthopedic Prosthetic Devices Industry’s top companies?
- What are the different categories that the Orthopedic Prosthetic Devices Market caters to?
- What will be the fastest-growing segment or region?
- In the value chain, what role do essential players play?
- What is the procedure for getting a free copy of the Orthopedic Prosthetic Devices market sample report and company profiles?
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Key Offerings:
- Market Share, Size & Forecast by Revenue | 2022−2030
- Market Dynamics – Growth Drivers, Restraints, Investment Opportunities, and Leading Trends
- Market Segmentation – A detailed analysis by Types of Services, by End-User Services, and by Regions
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
Directly Purchase a copy of the report [220+ Pages] @ https://www.custommarketinsights.com/report/orthopedic-prosthetics-market/
Report Scope
| Feature of the Report | Details |
| Market Size in 2021 | USD 1.73 billion |
| Projected Market Size in 2030 | USD $3.97 billion |
| CAGR Growth Rate | 9.5% CAGR |
| Base Year | 2021 |
| Forecast Period | 2022-2030 |
| Prominent Players | Ossur, B. Braun Melsungen AG, Smith & Nephew , Johnson & Johnson, Exatech Inc., Hanger Inc., Touch Bionics Inc., Howard Orthopaedics Inc., Medtronic Spinal, Globus Medical, Wishbone Medical, OrthoPediatrics, Arthrex, Pega Medical, Integra Lifesciences, Advanced Arm Dynamics, DJO Global, and Others |
| Key Segment | By Type, Technology, End User, and Region |
| Report Coverage | Revenue Estimation and Forecast, Company Profile, Competitive Landscape, Growth Factors and Recent Trends |
| Regional Scope | North America, Europe, Asia Pacific, Middle East & Africa, and South & Central America |
| Buying Options | Request tailored purchasing options to fulfil your requirements for research. |
Regional Overview
The Asia Pacific to exhibit noteworthy growth in the Orthopedic Prosthetic Devices market
North America dominated the Orthopedic Prosthetic Devices market, accounting for over 35% in 2021, and is projected to continue its dominance throughout 2022-2030. The region has the presence of major players operating in the Orthopedic Prosthetic Devices market, with significant investment in R&D, rising healthcare spending, and supportive reimbursement policies laid by the federal government.
Request Customized Copy of Orthopedic Prosthetic Devices Market Report @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Additionally, the increasing incidences of sports injuries and rising occurrence of osteosarcoma are anticipated to drive the demand for Orthopedic Prosthetic Devices. The US healthcare system also focuses on providing high-quality care and value-added services, expected to accelerate the demand shortly.
The Orthopedic Prosthetic Devices market in the Asia Pacific region is experiencing tremendous growth. The factors driving the market include rising diabetes cases, increasing road accidents, and favorable government initiatives in various economies. For instance, in 2018, Asian Prosthetic and Orthotics Meeting were held in Thailand. The meeting was organized to encourage cooperation among Asian economies and discuss the relevant issues concerning prosthetics and orthotics.
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Browse the full “Orthopedic Prosthetic Devices Market Size, Share, Growth Analysis Report By Type (Lower Extremity Prosthetics, Upper Extremity Prosthetics, Sockets, Others), By Technology (Conventional, Electric-Powered, Hybrid), By End User (Research Institutes, Hospitals, Diagnostic Laboratories, Others), and By Region – Global Industry Overview, Statistical Data, Competitive Intelligence, Trends, Outlook, and Forecast 2022–2030” Report at https://www.custommarketinsights.com/report/orthopedic-prosthetics-market/
Key Players Insights
The major players in the Orthopedic Prosthetic Devices market are focused on introducing advanced medical devices that offer improved efficiency and patient compliance, expanding their portfolio and attaining a competitive edge. Additionally, the surging awareness concerning the advantages of advanced Orthopedic Prosthetic Devices devices, for instance, the use of 3-D printing for designing devices compared to conventional methods, is boosting the market’s growth.
Also, key participants choose partnerships and cooperation as feasible growth strategies to maintain their competitive edge in the market. Players are involved in strategic agreements worldwide.
To know about the assumptions considered for the study, download the pdf brochure @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Some of the prominent players
- Ossur
- Braun Melsungen AG
- Smith & Nephew
- Johnson & Johnson
- Exatech Inc.
- Hanger Inc.
- Touch Bionics Inc.
- Howard Orthopaedics Inc.
- Medtronic Spinal
- Globus Medical
- Wishbone Medical
- OrthoPediatrics
- Arthrex
- Pega Medical
- Integra Lifesciences
- Advanced Arm Dynamics
- DJO Global
To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
The global Orthopedic Prosthetics market is segmented as follows:
By Type
- Lower Extremity Prosthetics
- Upper Extremity Prosthetics
- Sockets
- Others
By Technology
- Conventional
- Electric-Powered
- Hybrid
By End User
- Research Institutes
- Hospitals
- Diagnostic Laboratories
- Others
On the basis of Geography
North America
- The U.S.
- Canada
- Mexico
Europe
- France
- The UK
- Spain
- Germany
- Italy
- Rest of Europe
Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia Pacific
The Middle East & Africa
- Saudi Arabia
- UAE
- Egypt
- Kuwait
- South Africa
- Rest of the Middle East & Africa
Latin America
- Brazil
- Argentina
- Rest of Latin America
To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Key Insights:
- As per the analysis shared by our research analyst, the Orthopaedic Prosthetics market is estimated to grow annually at a CAGR of around 5% over the forecast period (2022-2030).
- In terms of revenue, the Orthopedic Prosthetics market size was valued at around USD 2.10 billion in 2021 and is projected to reach USD 3.3 billion by 2030. Due to a variety of driving factors, the market is predicted to rise at a noteworthy rate.
- Based on product segmentation, the lower extremity prosthetics segment was estimated to hold the maximum market share in the year 2021.
- Based on technology segmentation, the electric-powered segment is expected to witness a high CAGR during 2022-2030.
- By end users, the hospital segment is expected to show a high growth rate during the forecast period.
- On the basis of region, the North American region was the leading revenue generator in 2021.
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- 25% discount on your next purchase.
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Click Here to Get a Free Sample Report of the Global Orthopedic Prosthetic Devices Market @ https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
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Reasons for the Research Report
- The study provides a thorough overview of the global Orthopedic Prosthetic Devices market. Compare your performance to that of the market as a whole.
- Aim to maintain competitiveness while innovations from established key players fuel market growth.
What does the report include?
- Drivers, restrictions, and opportunities are among the qualitative elements covered in the worldwide Orthopedic Prosthetic Devices market analysis.
- The competitive environment of current and potential participants in the Orthopedic Prosthetic Devices market is covered in the report, as well as those companies’ strategic product development ambitions.
- According to the component, application, and industry vertical, this study analyzes the market qualitatively and quantitatively. Additionally, the report offers comparable data for the important regions.
- For each segment mentioned above, actual market sizes and forecasts have been given.
Who should buy this report?
- Participants and stakeholders worldwide Orthopedic Prosthetic Devices market should find this report useful. The research will be useful to all market participants in the Orthopedic Prosthetic Devices industry.
- Managers in the Orthopedic Prosthetic Devices sector are interested in publishing up-to-date and projected data about the worldwide Orthopedic Prosthetic Devices market.
- Governmental agencies, regulatory bodies, decision-makers, and organizations want to invest in Orthopedic Prosthetic Devices products’ market trends.
- Market insights are sought for by analysts, researchers, educators, strategy managers, and government organizations to develop plans.
To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
About Custom Market Insights:
Custom Market Insights is a market research and advisory company delivering business insights and market research reports to large, small, and medium-scale enterprises. We assist clients with strategies and business policies and regularly work towards achieving sustainable growth in their respective domains.
CMI provides a one-stop solution for data collection to investment advice. The expert analysis of our company digs out essential factors that help to understand the significance and impact of market dynamics. The professional experts apply clients inside on the aspects such as strategies for future estimation fall, forecasting or opportunity to grow, and consumer survey.
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To know about the assumptions considered for the study, download the pdf brochure @https://www.custommarketinsights.com/request-for-free-sample/?reportid=12194
Artificial Intelligence
Reliance Cyber and Google Cloud Security unite to transform cybersecurity for UK businesses
LONDON, May 28, 2024 /PRNewswire/ — Leading Managed Security Service Provider (MSSP), Reliance Cyber has been selected as one of only four MSSPs to partner with Google Cloud Security (GCS). This collaboration is set to make cybersecurity more effective and less complicated for businesses throughout the UK and Ireland.
Why this matters:In today’s complex security environment, businesses face a multitude of challenges, including escalating cyberattacks, an overwhelming number of security alerts, rising cybersecurity costs, and a critical shortage of skilled professionals. The partnership between Reliance Cyber and Google Cloud Security provides organisations with improved security postures through insightful, data-driven analytics, which underpin Reliance Cyber’s XDR service. For businesses facing diverse economic, social, and technological changes—such as the ongoing impacts of COVID-19, the transition to hybrid and remote work, rapid technological advancements like AI, and budget pressures from the cost of living crisis—this partnership represents a significant step forward. It enhances cybersecurity without the usual challenges of high costs, complexity, or the need for specialised staff. It’s about making world-class security simple and available to a wider audience.
What’s changing:
Support for growth: The partnership will expand the reach of state-of-the-art security services to more businesses, helping to protect organisations without the stress of financial and operational barriersEnhanced visibility, lower costs: Leveraging Google’s SOAR capabilities and Chronicle’s powerful telemetry, Reliance Cyber’s tailored ingestion approach means organisations can achieve enhanced visibility across their digital environments at a reduced cost. This approach enables proactive prevention and detection of threats, ensuring better security with less expenditure.Key benefits of the strategic partnership include:
AI and automation: Automation is at the core of Reliance Cyber’s offering. Every alert is enriched with threat intel from leading vendors, automatically correlated, and grouped into cases, reducing mean time to detect (MTTD) and mean time to respond (MTTR). Google’s additions enhance this with lower data ingestion costs, superior threat intelligence, curated detections, and advanced anomaly detection using machine learningSimplified security operations to support staff: Integration of Google Cloud’s SOAR capabilities simplifies the security management landscape, allowing CISOs to focus on strategic planning rather than daily operational hurdlesScalable security for business growth: The partnership supports business expansion strategies by providing scalable security solutions that grow with the company, crucial for organisations driving technological advancementData-driven insights for better decision-making: Boards will gain unparalleled visibility into their digital environments, fostering smarter, faster decision-making to preemptively address potential security threats.Rob Walton, Chief Revenue Officer at Reliance Cyber, on the transformative impact: “We’re thrilled to partner with Google Cloud Security. This partnership aligns perfectly with our mission to deliver comprehensive, advanced security services to the market, making top-level security accessible and manageable for businesses of all sizes. Ultimately, it’s about creating predictability and peace of mind in an area that can often cause businesses and their boards sleepless nights, particularly due to concerns about attacks and the financial constraints that dictate risk appetites.”
Do you want more coverage, at less cost, with zero compromises?
Enquire about a proof of concept. Visit: https://eu1.hubs.ly/H09bKtG0.
About Reliance Cyber
Since our founding in 2003, Reliance Cyber has established itself as a leading Managed Security Service Provider (MSSP). By combining deep cybersecurity expertise with a true partnership ethos, we enable organisations to concentrate on their core business.
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Artificial Intelligence
Eficode acquires Jodocus and reinforces Atlassian Cloud skills and Atlassian partnership in Germany
HELSINKI, May 28, 2024 /PRNewswire/ — Eficode has acquired Jodocus, the first cloud-native Atlassian Platinum partner in Germany. This acquisition further reinforces Eficode’s role as an Atlassian partner in Germany and expands its skills and services in Atlassian Cloud.
“Atlassian is moving to the Cloud, and the related know-how is essential to speed up this transition. Jodocus was originally the first Atlassian partner in Germany to focus fully on the Cloud. Their broad expertise in Atlassian tools and cloud migrations helps our customers in their journey to the cloud and complements our mission to build the future of software development,” says Ilari Nurmi, CEO of Eficode. “We welcome Jodocus’ employees and customers to Eficode.”
Founded in 2019, Jodocus is an Atlassian Platinum Solution Partner with extensive expertise in Atlassian Cloud. In addition to focusing on the Cloud, the Jodocus team offers support on business processes, Application Lifecycle Management, and DevOps. Their customer base is in Germany, with well-known names such as Otto Group and Fricke. Jodocus has 45 employees, and its revenue in 2023 was 11,5 million euros. “Together, Eficode and Jodocus will form a more significant entity and have even more international customers, which opens possibilities for deepening and broadening our relationship with our customers,” says Werner Krandick, CEO of Jodocus.
Eficode has enabled countless businesses with DevOps and digital transformation to adopt new technologies and practices to create software better. Its full spectrum of digital services can now be extended also to Jodocus’ customers. Eficode ROOT provides software development tools as a managed service in a Software-as-a-Service manner. In turn, with Total Support, we manage the tools and offer support, coaching, and mentoring for Atlassian solutions as a subscription.
In recent years, Eficode has grown strongly both organically and through acquisitions. Eficode’s compound annual growth (CAGR) during the previous four fiscal years has been 70%.
Media contactsIlari Nurmi, Chief Executive Officer, Eficode. [email protected], +358 40 577 5084 Lauri Palokangas, Chief Marketing Officer, Eficode. [email protected], +358 50 486 4918
This information was brought to you by Cision http://news.cision.com
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Artificial Intelligence
New first of its kind UK legal-tech recruitment platform aims to put an end to overseas worker scams
Unique UK-based legal technology platform, Immpact, helps unite the global talent market to fulfil UK skills shortages across healthcare, construction, engineering, life sciences and hospitality Immpact directly connects employers, recruiters and regulated legal experts with pre-qualified global talent – and aims to help eradicate profiteering job scammersREADING, England, May 28, 2024 /PRNewswire/ — A unique new legal-tech recruitment platform has launched in the UK to help put an end to overseas worker scams and directly connect UK employers and recruiters with pre-qualified overseas global talent. Immpact will help fulfil acute skills shortages across sectors including healthcare, construction, engineering, life sciences and hospitality, while ensuring full legal Home Office compliance.
The launch of Immpact follows over two years of advanced legal-tech development. Using the immigration law expertise of Founder and Managing Director, Jonathan Beech, and his team of specialists, the platform will help unite a previously disconnected global talent market with under-resourced UK employers and transform global workplace migration. Immpact has also been developed through discussions with hundreds of employers, industry bodies and overseas talent.
With job scams – from fake jobs to illegal fees for sponsor licences – ongoing, particularly in the social and healthcare sector, Immpact will ensure only pre-qualified talent, employers and recruitment firms are placed on its platform following stringent multi-layer checks. This will ensure that all jobs and talent are qualified and genuine along with thoroughly regulated employers and recruiters, to provide a global marketplace for talent.
Jonathan Beech, Founder and Managing Director of Immpact, said: “Through my existing business running Migrate UK, I’m acutely aware of the issues that UK employers and recruiters are having in trying to fulfil talent shortages across sectors such as care, healthcare and life sciences. I also regularly hear terrible stories of genuine overseas job hunters being ripped off in their home countries or the UK by job scammers, often running to thousands of pounds.
“I knew there had to be a better way to match pre-qualified overseas talent with genuine work opportunities and responsible UK employers – effectively a ‘talent’ match-making site which is designed to eradicate scammers to provide a global, trusted marketplace for talent.”
Following the latest government immigration rule changes, overseas recruitment costs are continuing to rise for businesses struggling with talent shortages. From 4 April 2024, the minimum salary for entering the new skilled visa worker route for the first time increased by 48%, from £26,200 to £38,700 a year. There are different rates for those already holding a skilled worker certificate of sponsorship prior to this date and discounts are available for key shortage roles on the Immigration Salary List (ISL).
Immpact will benefit employers and recruiters by saving them time and money. Working with recruitment experts to analyse existing overseas recruitment workflows, Immpact has calculated that it will save 50% of the time involved in managing overseas recruitment, helping to cut down the time-consuming filtering of applications traditionally needed.
For employers traditionally looking to recruit overseas applicants, previous data from industry recruitment software specialists show that 30% of overseas applications are rejected as they do not have the right to work, while 64% are rejected due to CVs being unclear or requirements not being met. This leaves just 6% of applications remaining, which results in about 2% then being interviewed. Immpact will automatically present only suitable pre-qualified applications to employers or recruiters, eradicating wasted time on unsuitable or unqualified applicants.
Beech continues: “Following thousands of hours of development and utilising the latest advanced technology which can adapt to evolving Home Office requirements and procedures, we’re proud to launch Immpact. Our unique new platform takes care of the entire process – from pre-qualifying processes, searching and shortlisting, down to arranging interviews, successful appointments, onboarding, the provision of regular content and guidance, and access to regulated immigration legal professionals.
“Our new technology will transform global migration for both UK organisations and businesses struggling to recruit and global talent looking to work in the UK. Immpact has been thoroughly tested at every stage and is both user-friendly and, crucially, compliant, so qualified overseas applicants and UK employers and recruiters can be confident that only genuine UK jobs and overseas applicants match and proceed. Quite simply, we want Immpact to simplify the whole migration process by putting the right talent in the right place at the right time, and for UK employers to fulfil critical talent shortages which will help them not only survive, but thrive.”
The platform has a free trial or low-cost subscriber options for search-matching and more for employers and recruiters. For talent, the platform has zero costs for creating a profile, using the pre-qualifying tools or searching for opportunities. For further information visit www.immpact.ai.
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