Foot Prosthetics Market Size, Share & Industry Analysis, By Type (Microprocessor & Hydraulic, Axial, Dynamic, Powered, and Others), By Functional Level (K1, K2, K3, and K4), By End-User (Orthotists & Prosthetists (O&P) Clinics, Orthopedic Clinics, and Others), and Regional Forecast, 2024-2032

The global foot prosthetics market size was valued at USD 588.1 million in 2023 and is projected to grow from USD 622.8 million in 2024 to USD 1,037.1 million by 2032, exhibiting a CAGR of 6.6% during the forecast period (2024-2032). Foot prosthetics are the medical devices that are fitted among the foot amputees to provide locomotion function. There are multiple technologies involved in these devices, such as microprocessor & hydraulic, axial, dynamic, powered, SACH, and others. The product adoption depends upon the amputee's lifestyle. The dramatic rise in the number of amputations of the lower extremities due to a number of traumatic and non-traumatic reasons is expected to propel the product demand in the market.

• For instance, according to a study published by the Australian Institute of Health and Welfare in 2023, about 730,000 Australians had been diagnosed with diabetes, 1.7% (12,300) of whom experienced lower limb amputations in 2011. Such a high prevalence of diabetes is expected to increase the demand for foot prosthesis.

Similarly, vital initiatives by government bodies and market players to enhance product awareness, specifically in emerging countries, are anticipated to improve product adoption in the market. Furthermore, manufacturing companies have also made substantial investments in R&D initiatives. These R&D initiatives have also resulted in the development of a significant number of advanced products. Also, the increasing focus of key players on launching new products is expected to drive market growth during the forecast period.

In 2020, the lockdowns imposed due to the COVID-19 pandemic, the O&P and orthopedic clinics witnessed a reduction in patient visits for amputations and prosthetic fittings. However, in 2021, the recovery of the global market was observed after the decrease in the number of COVID-19-positive cases and the relaxation of COVID-19 guidelines. In 2022, there was growth in developed regions due to the rise in product sales. Overall, the market stabilized in 2023 due to a surge in the number of amputations and the growing adoption of these prosthetics.

Foot Prosthetics Market Trends

Development of Foot Prosthesis with Innovative Materials is a Prominent Trend

An increasing focus on the development of novel materials to design these products has been one of the most significant trends in the market over the past few years.

Historically, foot prosthesis were made from polymer composites reinforced with fibers. The introduction of new material offers a consistent and low-weight structure that makes agglomeration, distribution, and energy storage possible through walking, creating an inevitable rise in gait effectiveness. To create more sophisticated products, new kinds of polymers are being researched in addition to these conventional materials. The growing initiatives of market players in order to establish a solid presence in the global market by introducing innovative materials into the design of prosthetic devices propel the market growth.

• In September 2023, Fillauer LLC launched a bio-attributed PVC Prosthetic foot shell, a product made up of an innovative sustainable material named BIOVYN. This development aims to improve a durable product with a natural appearance that helps to reduce waste and minimize the impact of waste on the environment. Such a rise in companies’ focus on the development of innovative materials for these products is expected to provide long-term opportunities for market growth.

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Foot Prosthetics Market Growth Factors

Increasing Number of Lower Extremity Amputations to Propel Market Growth

A significant contributing factor to the global market expansion for foot prosthetics is the sharp increase in the number of lower limb amputations. Diverse causes, including cancers, infections, blood vessel diseases, excessive tissue destruction, pain, and others, are the most frequent causes of amputations. Traumatic causes can also include accidents, sports injuries, or surgeries. The rising adoption of these products will eventually improve the patient's quality of life. Such rising prevalence of diseases and traumatic events has led to an increase in the number of amputations, which will eventually enhance the product adoption in the market.

• For instance, according to an article published by Empresa Brasil de Comunicação (EBC) in 2023, more than 282,000 lower-limb amputation surgeries were performed in public hospitals across Brazil from January 2012 to May 2023. In 2022, about 31,190 procedures were completed. This indicates that in Brazil, the national healthcare system performed at least 85 amputations of feet or legs per day.

These products are prescribed for individuals with a lower-limb amputation for the restoration of lost mobility. Such a rise in lower limb amputations leads to an increase in the demand for these products, and the market for foot prosthetics is expected to grow significantly over the next few years.

Focus on Clinical Studies Demonstrating the Efficacy of these Products to Fuel Market Growth

The market is anticipated to witness strong growth due to an increasing emphasis on clinical research initiatives that assess how well foot prosthesis perform in everyday tasks and body pain-related problems in amputees. A number of key players are engaged in improving and proving the product efficacy and safety to boost product adoption in the market. Due to this, a growing number of clinical trials point to a promising future growth trajectory for the foot prosthetics industry.

• For instance, according to an article published by the American Academy of Orthotists and Prosthetists in 2024, a total of 250 individuals fitted with a powered prosthetic ankle-foot component participated in an institutional review board–approved cross-sectional study. According to the study, using a powered ankle-foot mechanism can help people with transtibial amputation (TTA) who lead active lives relieve low-back pain, amputated side knee pain, and pain-related limitations in their daily activities. Hence, a growing focus on such clinical studies is expected to increase the introduction of advanced products, thereby spurring overall market growth.

RESTRAINING FACTORS

High Costs of Advanced Foot Prosthesis and Lack of Prosthetists and Orthotists’ Deters Market Growth

Despite the critical and growing need for effective prosthesis for patient care, the high cost of these devices is a significant barrier to foot prosthetics market growth, especially in emerging economies. These devices are custom-made for each patient and are typically prescribed by orthotists or prosthetists. The degree of advancement and mechanism of these devices determines their cost. Such a scenario limits the product adoption in the market.

Additionally, orthotists and prosthetists manage a range of clinical lower limb issues. However, a significant barrier to the market is the dearth of orthotists and prosthetists in many countries. For instance, an article published in January 2022 by the American Academy of Orthotists and Prosthetists states that Singapore's current shortage of prosthetists and orthotists (PandOs) will increase from 2016 to 2060. Such factors restrict market growth.

Foot Prosthetics Market Segmentation Analysis

By Type Analysis

Wide Usage of Dynamic Feet to Boost the Dynamic Segment Growth

Based on type, the market is segmented into microprocessor & hydraulic, axial, dynamic, powered, and others.

The dynamic segment held the leading market share of 49.6% in 2023. The dynamic foot prosthetic is a type of energy-storing prosthetic foot. By storing and releasing energy with each stride, the dynamic feet reduces the strain on the opposing legs. Amputees with active or moderately active lifestyles use it as a result. As a result, the market is growing due to the widespread use of dynamic feet and the rise in lower limb amputations.

• For instance, according to the data published by the National Institute of Health (NIH) in 2022, around 150,000 patients undergo a lower extremity amputation every year in the U.S. In that, approximately 20.0% of lower extremity amputations are associated with severe wound contamination and significant soft tissue loss is related to trauma. Thus, an increase in cases of amputations related to trauma contributes to the growth of the segment.

The axial segment held the second-highest market share in 2023. The growing product adoption and increased functional levels, as it mimics normal ankle motion over the traditional foot prosthesis, propels segmental growth.

The microprocessor & hydraulic segment is expected to experience robust growth with a significant CAGR during the forecast period, owing to the increasing demand for advanced products and growing disposable income across the globe. Similarly, significant product launches by key players due to its potential opportunities are expected to propel segmental growth.

The powered and others segment together held a substantial share, and it is anticipated to grow during the forecast period. The others segment includes Solid Ankle Cushion Heel (SACH) and keel products, which are pretty cost-effective. Thus, these types of products are widely adopted in developing countries, which promotes segmental growth.

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By Functional Level Analysis

Strong Preference for Active Lifestyle Enabled K3 Segment to Dominate the Market

Based on the functional level, the market is segmented into K1, K2, K3, and K4.

The K3 segment dominated the market with the highest market share in 2023. Individuals who require prosthetic utilization beyond basic locomotion utilize K3-level prosthetics. Dynamic foot prosthesis, which are widely used, are classified as K3. Furthermore, the higher efficacy of these products compared to other functional product categories is anticipated to augment the segment's expansion.

• According to the article published in Physiopedia, the amputee mobility predictor (AMP) is a quick and easily administered assessment tool that measures the functional status of lower-limb amputees with (AMPPRO) and without (AMPnoPRO), the use of a prosthesis. It was found that the amputee mobility predictor (AMP) which evaluated the quality of gait with 14 through 20 AMP items and the ability to negotiate specific obstacles. It was concluded that K3-or K4-level devices fitted to amputees help them perform more skills and activities than ordinary locomotion.

The K2 segment held a suitable share of the foot prosthetics market in 2023. The increasing number of amputations due to age-related chronic diseases, such as diabetic foot ulcers in the mid-age population, is one of the primary reasons attributable to the adoption of K2 foot prosthetic devices.

By End-User Analysis

Substantial Patient Visits for Advanced Prosthetic Facilities Contribute towards O&P Clinics Market Growth

In terms of end-user, the market is segmented into orthotists & prosthetists (O&P) clinics, orthopedic clinics, and others.

The orthotists & prosthetists (O&P) clinics segment accounted for the largest market share in 2023. The segment is projected to dominate the market throughout the forecast period. The segment’s growth is due to favorable health reimbursement for these products and partnerships between major players and clinics to increase geographic reach. Similar to this, an increase in O&P practitioners fuels the market's expansion.

• For instance, according to the estimates released by the U.S. BUREAU OF LABOR STATISTICS in December 2023, the employment of orthotists and prosthetists is projected to grow by approximately 15.0% throughout 2022-2032. The rising number of orthotists and prosthetists is a contributing factor to the segment’s growth.

The orthopedic clinics segment accounted for a substantial share of the market for foot prosthetics in 2023. The increase in the number of orthopedic clinics conducting amputation surgeries and providing prosthetic services, specifically in developing countries, is anticipated to contribute to the expansion of the orthopedic clinics segment.

The others segment is expected to grow during the forecast period. The others segment includes rehabilitation centers and ambulatory surgery centers. Rising initiatives by NGOs and rehab centers to provide lower extremity amputees with an active lifestyle by providing these products at reasonable prices are expected to proliferate the other segment's expansion.

REGIONAL INSIGHTS

Based on the region, the global market for foot prosthetics is studied across North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.

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The North American region was valued at USD 290.4 million in the global foot prosthetics market revenue in 2023. An increase in the usage of technologically advanced foot prosthetics and an increase in the cases of lower extremity amputation in the U.S. leads to increasing adoption of these prosthetics in the region, eventually leading to the region’s growth during the forecast period.

• As per statistics published in 2022, American Academy of Physical Medicine and Rehabilitation (AAPMR) estimates that 93.4 per cent of all lower extremity amputations are related to vascular disease. This includes conditions such as diabetes and peripheral artery disease.

Europe held the second-highest market share in 2023. This growth was attributed to the introduction of new products by key players in the market.

• For instance, in August 2019, Ortho Europe introduced two new durable feet from Fillauer, the Aeris Performance 2 and Aeris Performance LP, in the prosthetic range with improved flexibility, absorbing shock and reducing stress on the residual limb.

Asia Pacific is estimated to witness the highest growth rate during the forecast period. The growth was attributed to an increase in chronic diseases such as diabetes and vascular diseases, leading to a higher chance of amputations. This is one of the critical reasons for the considerable growth of the region. Similarly, rising strategic initiatives by regional players to expand their business in different countries propels regional growth.

• In July 2022, Instalimb, Japan’s 3D-printed prosthetic legs manufacturer, partnered with NGO Jaipur Foot to provide sockets to the organization later to be fitted to the patient.

Latin America and the Middle East & Africa accounted for a relatively lesser foot prosthetics market share during the forecast period. The market is projected to grow due to improving O&P infrastructure and the rising adoption of these prosthetics. Similarly, the growing activities by various organizations to enhance awareness regarding prosthetic devices are expected to propel regional growth during the forecast period.

List of Key Companies in Foot Prosthetics Market

Robust Product Portfolio of Key Players to Propel Market Expansion

Some of the leading companies in the foot prosthetics market are Össur, Ottobock, and Blatchford Limited. A robust network of distribution, a wide range of products, a focus on research and development (R&D) projects, and participation in several strategic alliances with essential corporations and O&P institutions are some of the significant contributing elements.

• For instance, in July 2023, Ottobock launched the height-adjustable prosthetic foot, called the Ottobock Taleo Adjust, as it offers more flexibility in day-to-day life.

Some other players in the market include Hanger, Inc., WillowWood Global LLC., Fillauer LLC, Uniprox (Bauerfeind), Steeper Inc., and Ortho Europe. These companies are significant manufacturers of prosthetics and are focused on expanding their distribution network. Similarly, the growing focus on R&D and the launch of innovative materials for these products is anticipated to propel their market share.

Roadrunnerfoot Engineering srl, Ortotek Orthopedics, BioDapt PROTEOR, and others are some of the emerging players in the market. By broadening their product offerings, these companies are gaining market share, and they are also concentrating on boosting sales by making their products more accessible in strategic nations.

LIST OF KEY COMPANIES PROFILED:

• Fillauer LLC (U.S.)


• Blatchford Limited (U.K.)


• Ottobock (Germany)


• WillowWood Global LLC (U.S.)


• Hanger, Inc. (U.S.)


• Steeper Group (U.K.)


• Ortho Europe (U.K.)


• Össur (Iceland)


• Uniprox GmbH & Co. KG (Bauerfeind) (Germany)

KEY INDUSTRY DEVELOPMENTS:

• January 2024: Fillauer LLC announced its acquisition by Hanger, Inc. to provide superior patient care, services and values to empower patients and practitioners.


• January 2024: OrthoPediatrics Corp. acquired Boston Orthotics & Prosthetics with an aim to improve the lives of children affected by orthopaedic conditions and to improve the quality of pediatric orthotic and prosthetic care products received by children.


• December 2023: Ottobock signed a cooperation agreement with  HAWK (Hochschule für Angewandte Wissenschaft und Kunst) for the Orthobionics study course at the Göttingen Health Campus, with the aim of providing excellent training and getting skilled workers for the growing market.


• June 2023: The Jaipur foot maker donated prosthetic limbs to the Odisha train accident victims under Odisha train accident Bhagwan Mahaveer Viklang Sahayata Samiti (BMVSS).


• March 2023:  Ottobock acquired Orthopädie Brillinger GmbH & Co. KG, a leading patient care provider in Germany. To expand its care network in southern Germany and to expand its growth activities.

REPORT COVERAGE

The market report provides market segmentation, size and growth rate. It includes a detailed description of the market analysis. It focuses on key facts such as industry developments, new product launches, and technological advancement, statistics related to lower extremity amputations, reimbursement scenarios, and COVID-19's impact on the market. Additionally, the report offers insights on overview on spots foot prosthetics. Also, it highlights the significant trends, market dynamics and company profiles of key players in the market. Besides the mentioned factors, the report encompasses several factors that have contributed to the growth of the market in recent years.

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Report Scope & Segmentation