According to GlobalData’s medical device pipeline database, 163 Orthopedic Prosthetics devices are in various stages of development globally. GlobalData’s report Orthopedic Prosthetics provides an overview of the segment’s pipeline landscape and offers detailed analysis of its products. Buy the report here.
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Of these devices, 95 are in active development, while the remaining 68 are in an inactive stage of development. There are 55 products in the early stages of development, and the remaining 40 are in the late stages of development.
Orthopedic prostheses are artificial mechanical devices used in place of a missing limb or body part. Prosthetic devices can be classified as either functional or non-functional, and can be categorized by type, including mechanical, body powered, externally powered, myoelectric, and microprocessor devices. All listed average selling prices account only for the price of the prosthesis – no sockets, liners, adaptors, or other accessories are included in this price or tracked.
Innovations in the medical devices sector are linked to the development of new approaches, processes, or technologies for treating, diagnosing, and managing disease in response to demand from healthcare for better patient outcomes and reduce healthcare costs.
Based on an analysis of GlobalData’s Medical Intelligence Center pipeline product database, these actively developed Orthopedic Prosthetics pipeline devices are all expected to be approved within the next ten years.
Currently, private organizations, public entities and institutions are working on the development of Orthopedic Prosthetics devices. Overall, most of these Orthopedic Prosthetics pipeline devices are being developed by private entities.
Key players involved in the active development of Orthopedic Prosthetics include BionicM, Integrum, Northwestern University, North Carolina State University, SwissProsthetics, University of South Florida, University of Central Florida, Minneapolis VA Medical Center, Orthocare Innovations and Ossur hf.
For a complete picture of the developmental pipeline for Orthopedic Prosthetics devices, buy the report here.
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GlobalData, the leading provider of industry intelligence, provided the underlying data, research, and analysis used to produce this article.
The medical devices pipeline data used in this article were obtained from the Medical Pipeline Products Database of GlobalData’s Medical Intelligence Center. The Pipeline Products database is a is a comprehensive source of information on medical devices, it covers 39K products which are in development stage and intended for diagnosis, treatment, and management of diseases/conditions/symptoms directly or indirectly. The pipeline products included in the database are sourced from reliable and authenticated sources, such as company websites, SEC filings, conference presentations, analyst presentations, news releases, clinical trial registries, and grants. The information is collected by following systematic research techniques and proprietary methodology.
