Össur, headquartered in Reykjavík, Iceland, is a global leader in non-invasive orthopedic solutions. Founded in 1971, the company specializes in prosthetics, braces, and supports designed to improve mobility and quality of life. With operations in over 25 countries and a market capitalization of approximately $2 billion (2025), Össur is a shining example of Icelandic innovation with a global impact.
History and Milestones
Össur was established by Össur Kristinsson, a prosthetist with a vision to transform the field of mobility aids. Over the years, the company has pioneered several groundbreaking technologies in prosthetics and bracing.
Key milestones include:
1971: Össur founded in Reykjavík, focusing initially on prosthetics.
1986: Launch of the first silicone prosthetic liner, revolutionizing prosthetic comfort.
2009: Acquisition of Gibaud Group, expanding into bracing and support solutions.
2016: Introduction of the “Power Knee,” the world’s first motor-powered knee prosthesis.
2022: Launch of smart, sensor-integrated prosthetics with advanced mobility tracking.
Products and Services
Össur offers a comprehensive range of mobility solutions:
Prosthetics: Advanced bionic limbs like the i-Limb, Rheo Knee, and Pro-Flex feet.
Braces and supports: For injury prevention, recovery, and chronic conditions.
Compression therapy: Products for managing venous disorders and lymphedema.
Business Model
Össur’s business model focuses on innovation, patient care, and global expansion:
R&D investment: Leading the industry in bionics and sensor technologies.
Customer-centric solutions: Providing customized products tailored to individual needs.
Global reach: Strong distribution networks and partnerships worldwide.
Impact on the Nordics and Global Markets
Össur’s impact is significant both locally and globally:
Economic contribution: A major exporter and one of Iceland’s largest employers.
Healthcare innovation: Setting new standards in mobility solutions for people with limb loss or musculoskeletal issues.
Global accessibility: Providing affordable and innovative solutions to improve lives worldwide.
Sustainability Initiatives
Össur is committed to sustainability across its operations:
Eco-friendly manufacturing: Reducing waste and energy consumption in production facilities.
Sustainable materials: Incorporating recyclable and renewable materials into its products.
Corporate responsibility: Supporting global access to mobility solutions, particularly in underserved regions.
Össur epitomizes Iceland’s innovative spirit, blending advanced technology with a commitment to improving lives. Its pioneering solutions in prosthetics and bracing continue to redefine possibilities for people with mobility challenges, making it a leader in orthopedic innovation.
