The Upper Limb Prosthetics Market size exceeded USD 748 million in 2021 and is estimated to register at a CAGR of 5% during the forecast period 2022 to 2028.
An upper limb prosthetic is an artificial device that replaces a hand or arm that is partially or completely lost as a result of an accident, injury, illness, trauma, or birth defect. The upper limb prostheses include terminal devices (TDs), insertion joints, sockets, and suspension and control systems. In general, there are four general classes of upper limb prostheses. These include cosmetic or manual prosthetic devices, bodily powered, myoelectric and hybrid types of prostheses. Technological advances in prosthetics, increasing accidents and trauma, and increasing prevalence of bone conditions such as osteosarcoma, osteoporosis and osteopenia are key factors driving the growth of the global upper extremity prosthetics market.
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Market Segments
By Component
- Prosthetic Wrist
- Prosthetic Elbow
- Prosthetic Shoulder
- Prosthetic Arm
- Terminal Devices
By Product
- Passive Prosthetic Devices
- Body Powered Prosthetic Devices
- Myoelectric Prosthetic Devices
- Hybrid Prosthetic Devices
Key Players
- CBPE Capital LLP (Blatchford Limited)
- Coapt LLC
- Colfax Corporation (DJO, LLC)
- Ossur (college park industries)
- Mobius Bionics LLC
- Motorica LLC
- Naked Prosthetics
- Ottobock SE & Co. KGaA
- Protunix
- Steeper Group
Scope of the Report
The research study analyzes the global Upper Limb Prosthetics industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:
Recent Developments
o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment
Geographic Coverage
o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume
Key Questions Answered by Upper Limb Prosthetics Market Report
1. What was the Upper Limb Prosthetics Market size in 2020 and 2021; what are the estimated growth trends and market forecast (2022-2028).
2. What will be the CAGR of Upper Limb Prosthetics Market during the forecast period (2022-2028)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2022? How these segments are expected to grow during the forecast period (2022-2028).
4. Which manufacturer/vendor/players in the Upper Limb Prosthetics Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.
The report covers the following objectives:
- Proliferation and maturation of trade in the global Upper Limb Prosthetics market.
- The market share of the global Upper Limb Prosthetics market, supply and demand ratio, growth revenue, supply chain analysis, and business overview.
- Current and future market trends that are influencing the growth opportunities and growth rate of the global Upper Limb Prosthetics market.
- Feasibility study, new market insights, company profiles, investment return, revenue (value), and consumption (volume) of the global Upper Limb Prosthetics market.
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