April 20, 2024
China Orthosis and Prosthetics Market

China Orthosis and Prosthetics Market is driven by growing geriatric population

The China orthosis and prosthetics market has witnessed substantial growth in the recent years owing to the growing prevalence of conditions requiring orthosis and prosthetics including spinal cord injuries, osteoarthritis, rheumatoid arthritis and lower limb amputations among others. Orthosis such as knee, ankle and spine braces are widely used to support injured joints and ligaments or weakened muscles and bones. On the other hand, prosthetic devices including upper and lower limb prosthesis are utilized as substitutes for missing limbs. The growing geriatric population has boosted the demand for orthosis and prosthetics significantly due to the higher risk of musculoskeletal conditions and injuries among the elderly. Additionally, technological advancements in terms of lightweight, durable and cosmetically appealing orthosis and prosthetics are further augmenting market growth.

The China Orthosis and Prosthetics Market Demand is estimated to be valued at US$ 2113.57 Mn in 2024 and is expected to exhibit a CAGR of 3.9% over the forecast period 2024 to 2030.

Key Takeaways
Key players operating in the China orthosis and prosthetics are RETAL Industries Ltd., Plastipak Holdings, Inc., ALPLA Werke Alwin Lehner GmbH & Co KG, and Resilux NV. These players are focusing on new product launches and expanding their manufacturing facilities to cater to the growing demand in the China market. For instance, in 2022, RETAL Industries Ltd. launched its new range of 3D printed prosthetic components and invested over US$ 50 Mn to set up a new production plant in Guangzhou, China.

The demand for orthosis and prosthetics is increasing rapidly in China owing to the rising incidence of injuries, trauma cases and congenital disabilities. According to the Chinese Orthopaedic Association, the number of road accidents leading to bone fractures or amputations has surged by over 15% annually over the past five years. This growing prevalence of conditions necessitating orthosis and prosthesis use is driving the market growth.

The Chinese orthosis and prosthetics market has witnessed steady expansion globally over the recent years. Major market players have increased their focus on the China market and are establishing strong distribution networks across the country. Moreover, Chinese companies are actively engaging in partnerships, mergers and acquisitions to strengthen their presence overseas, especially in developed markets of North America and Europe. This rising global expansion of Chinese orthosis and prosthetics manufacturers is expected to create new opportunities for sustained market growth.

Market Drivers
Rapid urbanization and industrialization have led to a significant surge in road accidents, construction injuries and work-related accidents over the past decade in China. As per estimates, over 250,000 amputations occur annually in China due to traumatic injuries. This has boosted the demand for orthosis and prosthetics among affected individuals. Additionally, growing healthcare infrastructure, increasing availability of medical reimbursement and favorable government policies regarding disability aids are some other major factors expected to drive the China orthosis and prosthetics market during the forecast period.

The China orthosis and prosthetics market growth is being impacted by the current geopolitical situation across several regions. With rising geopolitical tensions between China and other countries, trade relations and availability of key materials used in orthosis and prosthetics manufacturing have been disrupted. This is negatively impacting the reliable supply chain and availability of cost-effective products. Moreover, sanctions and export restrictions imposed on China by other nations are hampering collaborative research and development of advanced technology solutions. To ensure sustained growth, manufacturers must focus on diversifying their supply networks, strengthen domestic sourcing of critical materials, and explore local research partnerships.

The market in eastern China, including provinces like Shanghai, Jiangsu and Zhejiang, holds the largest value share currently. This region has a high population density and concentration of leading healthcare facilities. Additionally, growing geriatric population, rising income levels and expanded health insurance coverage have boosted product adoption. However, the market in southern China, comprising Guangdong, Fujian and Hainan, is projected to witness the fastest growth during the forecast period. This is attributed to rapid urbanization, expanding manufacturing sector and increasing investments to develop medical technology infrastructure in these provinces.

The orthosis and prosthetics market in western China, which includes provinces like Sichuan, Chongqing and Shaanxi, also shows high growth potential. Significant government funding for rehabilitation services modernization, growing patient awareness through online health communities, and establishment of specialized manufacturing units by key players are fueling the demand from this region. Nevertheless, market players must address the infrastructure and resource disparities that still exist compared to eastern China for realizing the untapped opportunities.

1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it