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The Orthopedic Prosthetics Market is projected to grow by USD 871.9 Million (2024-2028), driven by rising trauma cases, accidents, and birth defects, with AI-powered market evolution – Technavio

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NEW YORK, Oct. 8, 2024 /PRNewswire/ — Report on how AI is driving market transformation – The Global Orthopedic Prosthetics Market size is estimated to grow by USD 871.9 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 6.05%  during the forecast period. Growing number of trauma, accident cases, and birth defects is driving market growth, with a trend towards growing focus on customized orthopedic prosthetics. However, high cost of prosthetics  poses a challenge – Key market players include Advanced Arm Dynamics Inc., Arthrex Inc., Artificial Limbs Manufacturing Corp. Of India, B.Braun SE, Blatchford Ltd., Exactech Inc., Fillauer LLC, Globus Medical Inc., Hanger Inc, Johnson and Johnson Services Inc., LeTourneau Prosthetics and Orthotics, Orthotic and Prosthetic Lab Inc, Ossur hf, Ottobock SE and Co. KGaA, RTI Surgical Inc., Smith and Nephew plc, Steeper Inc., Stryker Corp., WillowWood LLC, and Zimmer Biomet Holdings Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Orthopedic Prosthetics Market Scope

Report Coverage

Details

Base year

2023

Historic period

2017 – 2021

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 6.05%

Market growth 2024-2028

USD 871.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

5.07

Regional analysis

North America, Europe, Asia, and Rest of World (ROW)

Performing market contribution

North America at 33%

Key countries

US, Germany, China, UK, and Canada

Key companies profiled

Advanced Arm Dynamics Inc., Arthrex Inc., Artificial Limbs Manufacturing Corp. Of India, B.Braun SE, Blatchford Ltd., Exactech Inc., Fillauer LLC, Globus Medical Inc., Hanger Inc, Johnson and Johnson Services Inc., LeTourneau Prosthetics and Orthotics, Orthotic and Prosthetic Lab Inc, Ossur hf, Ottobock SE and Co. KGaA, RTI Surgical Inc., Smith and Nephew plc, Steeper Inc., Stryker Corp., WillowWood Global LLC, and Zimmer Biomet Holdings Inc.

Market Driver

Customized orthopedic prosthetics have gained significant attention in the market due to their superior functionality and increasing demand from end-users, particularly athletes and accident victims. Leading companies like Ossur and Ohio Willow Wood are focusing on providing customized prosthetics using advanced technologies such as CAD/CAM and lasers. These technologies enable vendors to manufacture prosthetics that perfectly match the shape of the amputee’s limb, ensuring a better fit and improved performance. Innovations like computer-aided shape modification, 3D scanners, 3D printer integration, and automated carvers further enhance the customization process. Companies such as Vorum offer integrated CAD/CAM solutions to develop customized orthopedic prosthetics, increasing productivity by up to 600%. With over 700 vendors using their CAD/CAM solution, the trend towards customized prosthetics is expected to drive market growth during the forecast period. 

The Orthopedic Prosthetics Market is experiencing significant growth due to increasing trends in accidental injuries and the aging population. Demand for artificial limbs is on the rise as chronic illnesses such as diabetes, osteoarthritis, and obesity become more prevalent. Product innovations in electric prostheses, myoelectric prostheses, and Cheetah sports prosthesis are improving patient comfort and functionality. The burden of osteosarcoma and other bone diseases is driving research and development in material science. Distribution networks are expanding to reach individual patients in remote areas, with public-private funding and regulatory authorities playing crucial roles. Healthcare facilities are integrating Internet of Things technology, including Bluetooth and smartphone connectivity, to enhance patient care and reduce the risk of deep vein thrombosis. However, challenges such as limited infrastructural facilities, hesitation to adopt new technologies, and infection risks remain. The market’s economic well-being is influenced by healthcare budgets, per capita expenditure, and the overweight population. Product innovations and regulatory approvals are essential to address the unique needs of the geriatric population. The reimbursement scenario is evolving, with statistics showing a growing number of orthopedic surgeries and road accidents. The market’s future looks promising as medical science continues to advance, and the Internet penetration rate increases. 

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 Market Challenges

The global orthopedic prosthetics market is experiencing steady growth, yet the high cost of prosthetics poses a significant challenge. A basic prosthetic leg can cost up to USD10,000, with advanced prosthetic legs reaching over USD100,000. Electricity-powered prosthetics range between USD40,000 and USD60,000, making them a significant investment. For instance, the Genium X3 prosthetic leg costs approximately USD120,000, while the Michelangelo electronic hand costs around USD60,000. Some companies offer expensive prosthetics to select patients, such as Ottobock Healthcare’s bionic leg for military personnel, priced at USD150,000. Post-surgery care and maintenance, including rehabilitation, further increase the overall cost. Physical therapy sessions cost between USD50 and USD350, while occupational therapy sessions range from USD50 to USD400. The high cost of orthopedic prosthetics can significantly impact the growth of the global market during the forecast period.The Orthopedic Prosthetics Market faces several challenges in the healthcare sector. Healthcare budgets and facilities limit the accessibility of prosthetic devices for individual patients. Hesitation and stigma surrounding their use persist. Infections and injuries require continuous innovation in material science, such as the use of polymer materials. Regulatory authorities and public-private funding play a crucial role in the reimbursement scenario. The obesity and overweight population pose challenges due to the increased demand for Lower Extremity Prosthetics. Trauma cases and road accidents lead to a higher usage of orthopedic prosthetic devices. Product innovations, including Myoelectric prostheses and smartphone connectivity, are essential to meet the evolving needs of patients. Limited infrastructural facilities and the Internet penetration rate impact the distribution and availability of medical equipment. Infections and injuries from vehicles add to the market size. Strategic movements by professionals and product innovations are essential to address the challenges posed by the increasing statistics of Osteoarthritis and orthopedic surgeries. The Internet of Things and smartphone connectivity offer opportunities for remote monitoring and upgrading lifestyles. However, concerns regarding the security of data and potential infections remain. The challenges in the orthopedic prosthetics market require continuous innovation and collaboration between medical science, regulatory authorities, and industry professionals.

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Segment Overview 

This orthopedic prosthetics market report extensively covers market segmentation by  

Product 1.1 Lower extremity orthopedic prosthetics1.2 Upper extremity orthopedic prostheticsTechnology 2.1 Conventional2.2 Electric-powered2.3 HybridGeography 3.1 North America3.2 Europe3.3 Asia3.4 Rest of World (ROW)

1.1 Lower extremity orthopedic prosthetics-  The Orthopedic Prosthetics Market refers to the industry that produces and distributes artificial limbs and other orthopedic devices. These products cater to individuals with limb loss or limb differences due to various reasons such as trauma, birth defects, or diseases. The market is growing due to an aging population, increasing road accidents, and advancements in technology leading to improved functionality and design of prosthetics. Key players in this market include Otto Bock Healthcare, Hanger Inc., and Ossur. Companies focus on research and development to offer innovative solutions, enhancing user experience and mobility.

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Research Analysis

The Orthopedic Prosthetics Market encompasses the production and distribution of orthopedic prosthetic devices, including artificial limbs, used to replace missing body parts due to various conditions such as Orthopedic surgeries, trauma cases from road accidents or vehicle incidents, and accidental injuries. The burden of diseases like osteosarcoma and osteoarthritis fuels the demand for these devices. The usage of prosthetics is increasingly common among individual patients, especially in the aging population and those with low bone density, diabetes, or obesity. Medical science continues to advance, leading to innovations like Cheetah sports prosthesis and electric prostheses. The world population’s increasing size and the resulting rise in the number of patients needing prosthetic devices further boost market growth. Lower Extremity Prosthetics, a significant segment, is expected to witness significant demand due to the high prevalence of injuries affecting the lower limbs.

Market Research Overview

The Orthopedic Prosthetics Market encompasses the production, distribution, and usage of artificial limbs and orthopedic devices designed to replace or support missing or damaged body parts. Factors driving market growth include the increasing burden of chronic illnesses such as diabetes, osteoarthritis, and obesity, as well as accidental injuries and road accidents. The geriatric population and the overweight population are also significant contributors, with the aging population experiencing age-related conditions like bone density loss and the need for orthopedic surgeries. Product innovations in material science, including the use of polymer materials and Bluetooth and smartphone connectivity, are enhancing the comfort and functionality of orthopedic prosthetics. However, challenges such as limited infrastructural facilities, regulatory hurdles, and the stigma surrounding prosthetics usage remain. Market growth is also influenced by economic well-being, healthcare budgets, and the distribution network, with public-private funding playing a crucial role in expanding access to these essential medical devices. The market includes various types of prosthetics, including Lower Extremity Prosthetics, Myoelectric prostheses, and Electric prostheses, catering to individual patient needs. Strategic movements by professionals and regulatory authorities, as well as the impact of healthcare facilities and reimbursement scenarios, are shaping the market landscape. The usage of prosthetics is also influenced by factors such as deep vein thrombosis, infections, and upgrading lifestyles. The Internet of Things and Internet penetration rate are also transforming the market, with Cheetah sports prosthesis and other smart prosthetics offering enhanced functionality and convenience. Despite these opportunities, challenges such as hesitation and the burden of osteosarcoma remain. Overall, the Orthopedic Prosthetics Market is poised for significant growth, driven by the increasing need for these devices to improve patient health and enhance mobility.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ProductLower Extremity Orthopedic ProstheticsUpper Extremity Orthopedic ProstheticsTechnologyConventionalElectric-poweredHybridGeographyNorth AmericaEuropeAsiaRest Of World (ROW)

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Coda’s Direct-to-Consumer Commerce Solution Now Available Through Unity IAP SDK

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Unity IAP 5.4 brings direct-to-consumer commerce into the Unity Dashboard, with Coda as a payment provider, making it easier for developers to launch branded webstores and grow revenue beyond the app stores.

SINGAPORE, July 28, 2026 /PRNewswire/ — Coda, a global leader in digital monetization and distribution, announced that its payment platform is now integrated with Unity’s direct-to-consumer (D2C) solution now available through Unity IAP 5.4, giving game developers a faster path to building and scaling a D2C business.

Developers can now activate Coda directly from the Unity Dashboard to:

Accept local payment methods through a single global integration with CodapayScale globally with Coda, managing payments, tax, fraud, compliance, and Merchant of Record services

With Codapay, Unity developers can accept more than 400 local and global payment methods across 80+ markets. That means reaching more paying players, improving payment access in markets where cards are not the default, and expanding into new markets without building payment integrations country by country.

This means game developers can:

Reach more paying players with the local payment methods they already use and trustGrow direct revenue across 80+ markets through a single global integrationLaunch in new markets faster without integrating and managing payment methods one by oneScale with Coda, managing payments, tax, fraud, and regulatory compliance through its Merchant of Record services

“Game studios should be able to sell to players anywhere in the world,” said Shane Happach, Chief Executive Officer of Coda. “Coda has spent more than a decade building the payment reach and local infrastructure to make that possible. Bringing Coda into Unity’s D2C commerce solution gives studios a faster way to reach more paying players, grow direct revenue, and expand into new markets.”

The launch builds on the partnership announced between Coda and Unity earlier this year, bringing Coda’s global payments infrastructure directly into the tools developers already use to manage their games.

For studios looking to grow direct revenue, payment reach matters. Players are more likely to buy when they can pay in the ways they know and use every day. With Coda, Unity developers can now reach players across some of the world’s largest and fastest-growing games markets through a simple integration.

About Coda

Coda is a global leader in monetization, distribution, and commerce, trusted by the biggest names in gaming, entertainment, and technology, including Activision, Electronic Arts, Riot Games, Ubisoft, and Moonton. Founded in 2011 and headquartered in Singapore, Coda operates with 600+ employees worldwide, with core hubs in Asia and Europe. Coda combines payments, commerce, distribution, and rewards to drive global revenue growth for brands and publishers.

Coda’s products include Codapay, which provides access to 400+ payment methods across 80+ markets through a single API integration; Coda Webstore, which powers fully customized direct-to-consumer storefronts; Coda Consumer Platforms, including Codashop, Recharge.com, and Startselect.com; Coda Distribution, which extends reach through a network of commerce partners; and Giftcloud, a UK-based rewards business serving enterprise customers across Europe.

Coda is backed by Apis Partners, Insight Partners, Smash Capital, and GIC, and has been named an APAC High Growth Company (2023) by Financial Times, one of Granite Asia’s NextGenTech 30 (2024), a payments leader on Fortune’s Fintech Innovation Asia list (2024), and listed among The Straits Times Fastest Growing Fintechs (2024). For more on Coda, visit coda.co.

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The Best State in America is Utah, Says U.S. News 2026 Best States Rankings

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For the fourth year in a row, the Beehive State ranks No. 1 in rankings that measure healthcare, education, economy and more.

WASHINGTON, July 28, 2026 /PRNewswire/ — U.S. News & World Report, the global authority in rankings and consumer advice, today announced the 2026 Best States rankings. The 2026 rankings evaluate all 50 states to capture how they best serve their citizens across a range of categories, including Healthcare, Education, Economy, Infrastructure, Opportunity, Fiscal Stability, Crime & Correctionsand Natural Environment. For the fourth consecutive year, Utah earned top recognition as the No. 1 state in the country.

“The U.S. News & World Report Best States rankings serve as a critical tool for understanding what drives long-term success in states across the country,” said U.S. News Executive Chairman & CEO Eric Gertler. “These rankings objectively evaluate performance, identify opportunities for improvement and ways to learn from the successes of other states. By translating data into actionable insights, the rankings help policymakers, business leaders and residents make informed decisions to improve their lives.”

“Being named the No. 1 state is an honor, but what matters most is what that ranking represents: hardworking people, strong families, and neighbors who look out for one another,” said Utah Gov. Spencer Cox. “Utah’s success has never been about government. It comes from Utahns who serve, build, innovate, and invest in the future. I’m grateful to everyone who helps make our state the best place to live, work, and raise a family.”

Key findings in the 2026 Best States rankings:

Utah, No. 1 overall, achieved Top 10 results in five of the eight categories, with the highest rankings in Economy (No. 2), Fiscal Stability (No. 2) and Infrastructure (No. 4). However, it underperforms in the Natural Environment category (where it ranks No. 48).In a competitive landscape, Texas ranks No. 1 in Economy. Leading the nation in job growth and achieving among the highest scores in the nation in GDP growth, net migration and youth population growth, Texas rose from No. 2 in the Economy category in 2025 to No. 1 in 2026. Sun Belt and Midwest states saw the biggest positive shifts, driven by major swings in job and GDP growth.Colorado advanced from No. 3 to No. 1 in Education. Colorado’s rise was powered by increases in associate’s degree completion and attainment rates, as well as substantial growth in preschool enrollment enabled by the Colorado Universal Preschool program.The Dakotas jumped up the rankings from 2025 to 2026, shifting the overall Top 5 heavily into the Midwest. North Dakota rose from No. 12 to No. 4, largely due to upward movement in Fiscal Stability, Economy and Education. South Dakota climbed from No. 8 to No. 2, driven by positive swings in Healthcare, Economy and Opportunity.

The 2026 Best States rankings draw upon 71 metrics and thousands of data points to measure how well U.S. states are performing for their citizens. In addition to healthcare and education, the metrics take into account a state’s economic growth; its roads, bridges, internet access and other infrastructure; its public safety record; the fiscal stability of state government; and the opportunity it affords its residents. More weight was accorded to some metric categories based on surveys of what matters most to residents. Read more about the methodology here.

2026 Best States Rankings

*See the full rankings here.

Overall – Top 10

UtahSouth DakotaMinnesotaNorth DakotaNebraskaNew HampshireIdahoFloridaWashingtonVermont 

Healthcare

HawaiiMassachusettsConnecticut 

Education

ColoradoNew JerseyFlorida

Economy

Texas Utah Idaho 

Infrastructure

NevadaOregonNebraska 

Opportunity

Vermont Iowa Maine 

Fiscal Stability 

WyomingUtahNorth Dakota

Crime & Corrections

New Hampshire Maine Vermont 

Natural Environment

HawaiiSouth DakotaNew Hampshire  

The 2026 Best States rankings are unpacked in data-driven stories, including a look at why Utah is America’s Best State, how the Northeast excels in healthcare and why Colorado leads the nation in education. Readers can also take a U.S. News quiz to find out which is the best state for them.

The Best States rankings are the centerpiece of the U.S. News Best States portal, a platform combining analysis, daily reporting, historical information and photography on state issues. Best States is part of U.S. News’ civic journalism portfolio, which includes the Best Countries rankings.

To view the full rankings and search state profiles, visit USNews.com/states. For more information on the 2026 Best States rankings, review the methodology, FAQ and project overview. Join the conversation by using #BestStates on Facebook, Instagram, TikTok and X.

About U.S. News & World Report

U.S. News & World Report is the global leader for journalism that empowers consumers, citizens, business leaders and policy officials to make confident decisions in all aspects of their lives and communities. A multifaceted media company, U.S. News provides unbiased rankings, independent reporting and analysis, and consumer advice to millions of people on USNews.com each month. A pillar in Washington for more than 90 years, U.S. News is the trusted home for in-depth and exclusive insights on education, health, politics, the economy, insurance, personal finance, travel, automobiles, real estate, careers and consumer products and services.

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SOURCE U.S. News & World Report, L.P.

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OiiOii AI, the World’s First AI Animation Agent Platform, Launches in the U.S.

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The platform that drew 100,000 sign-ups for 100 beta spots brings its team of seven AI agents — from scriptwriter to sound director — to U.S. creators and studios.

SAN FRANCISCO, July 28, 2026 /PRNewswire/ — OiiOii AI, the world’s first AI agent platform built specifically for animation, today announced its U.S. launch. OiiOii lets a single creator direct an entire animation production — from script to finished short film — while keeping full creative control in human hands.

How OiiOii Works

Most AI video tools work like a manual transmission: write and memorize elaborate prompts, chain nodes together, and troubleshoot every output by hand. OiiOii works like an automatic. Describe an idea in plain language and seven specialized AI agents take the wheel — handling scriptwriting, character and scene design, storyboarding, music, and final video synthesis, coordinated automatically from a single prompt. Open a project, and you’re not prompting “the AI”; you’re directing a team.

Built for Consistency

That approach targets the problem that trips up raw generators: consistency. A dedicated face-ID system holds character likeness across every cut, and independent asset libraries keep characters, scenes, and style coherent across a full sequence — not just a single clip. OiiOii integrates 30+ leading foundation models (full-capacity Seedance 2.0 access without queuing today, Seedance 2.5 arriving soon) and a 200+ style library spanning the most in-demand aesthetics. Creators own everything they generate and are free to use it commercially.

The launch lands as three currents converge — the shift to AI agents, the rise of the creator economy, and a hunger across gaming and entertainment for faster, cheaper animated content. OiiOii’s mission is creative equality: making animation depend on imagination rather than budget or technical training. Its stated goal is to empower 100 million people by 2030 to create their own animations and games.

A New Music Video Feature: Built to Understand the Song, Not Just Generate to It

The same philosophy powers OiiOii’s latest Music Video feature, which turns a song into a fully realized AI-generated video from start to finish. OiiOii’s Music Video feature transforms a song into a fully realized, AI-generated music video through an end-to-end creative workflow that analyzes music and lyrics, develops a narrative script, generates visual assets, creates shot-by-shot prompts, and produces a professionally edited final video with cinematic subtitles. Unlike conventional AI video tools that focus primarily on speed, OiiOii is designed to understand the structure, emotion, and rhythm of a song, using proprietary script writing and scene generation to create videos that authentically reflect the music. Creators can choose from three distinct creative modes—Narrative, Visual FX, and Performance—each with its own pacing, storytelling style, and visual language, allowing every music video to capture the unique personality of the track.

From Beta to Launch

The appetite is already visible. OiiOii’s beta drew more than 100,000 sign-ups for just 100 spots, and the company has used that community’s feedback to sharpen consistency and usability in near real time.

“Great animation has always demanded a full team, a long timeline and a real budget — which is why most people never get to make it,” said Naonao, founder of OiiOii AI. “I spent years wanting to make animation and finding the tools out of reach. We built OiiOii so anyone can direct that team: you bring the story, the agents handle the craft. Bringing that to creators across the U.S. is exactly why we’re here.”

OiiOii’s founder is a former product leader at Tencent (WeChat), ByteDance (CapCut), and Bilibili, where she ran the animation division.

OiiOii is available now in the U.S. at oiioii.ai.

About OiiOii AI

OiiOii AI is the world’s first AI animation agent platform, built to democratize animation creation and put filmmaking power directly in creators’ hands. Founded in 2025, OiiOii enables a single creator to guide the entire animation production pipeline while keeping full creative control in human hands. By streamlining complex production workflows, OiiOii serves as a creative partner, helping filmmakers, studios, and independent creators bring high-quality animated stories to life more efficiently. OiiOii is on a mission of creative equality — to empower 100 million people by 2030 to create their own animations and games.

Learn more at oiioii.ai  •  X @OiiOii_AI  •  Instagram @oiioii_ai  •  YouTube @OiiOii_AI.

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amy@bigpicpr.com
415-350-3154

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