Upper Limb Prosthetics Market Growth Analysis and Regional Forecast To 2025
Category: #healthcare  By Ronak Bora  Date: 2021-03-31
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Upper Limb Prosthetics Market Growth Analysis and Regional Forecast To 2025

The upper limb prosthetics market in the U.S. is expected to hold maximum share in the global market. Increased awareness among the population for prostheses, high adoption of technology in the medical sector, and the existence of notable industry players are some prime factors driving the regional industry expansion. Also, significant healthcare expenditure and robust healthcare infrastructure is drawing companies’ attention to expand their business to this region.

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Traumas can be afflicted by any major accidents ranging from car crashes to physical assaults which can lead to amputation of upper limb depending on the condition. While the medical amputations include removal of the upper limb resulting from any dreadful diseases like diabetes or cancer. After the limb is cut off, a prosthetic implant is fitted to mimic the functionality of the normal body part. Therefore, the increasing number of trauma cases and rising prevalence of some chronic diseases will foster upper limb prosthetics market growth.

Cost-effectivity and practicality are some of the favoring aspects of the terminal devices. Also, they require lower maintenance which will lead to high product adoption further boosting the market growth. As per estimates, terminal devices segment of upper limb prosthetics market is expected to grow at a CAGR of 11.8% over the forecast period.

People with diabetes and vascular diseases are at highest risk of amputations which will contribute to the largest share by cause. Currently cancer is the fastest growing segment by cause owing to the rising prevalence of cancer which also leads to majority of deaths across the globe. Rising prevalence of vascular diseases and diabetes may lead to increased number of amputations, which will support product adoption on a large scale, thereby, accelerating market share.

As per end-use, prosthetic clinics in the upper limb prosthetics market held the major share in 2018. The presence of skilled healthcare professionals, advanced facilities, individualized patient care, and high preference among amputee patients are some key factors contributing to the industry share. Whereas, the hospital segment is slated to grow significantly owing to the presence of expensive medical equipment and large infrastructure.

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Partial Chapter of the Table of Content

Chapter 4.Upper Limb Prosthetics Market, By Component

4.1. Key segment trends

4.2. Prosthetic wrist

4.2.1.Market size, by region, 2014 – 2025 (USD Million & Units)

4.3. Prosthetic elbow

4.3.1.Market size, by region, 2014 – 2025 (USD Million & Units)

4.4. Prosthetic shoulder

4.4.1.Market size, by region, 2014 – 2025 (USD Million & Units)

4.5. Prosthetic arm

4.5.1.Market size, by region, 2014 – 2025 (USD Million & Units)

4.6. Terminal devices

4.6.1.Market size, by region, 2014 – 2025 (USD Million & Units)

Chapter 5.Upper Limb Prosthetics Market, By Product

5.1. Key segment trends

5.2. Passive prosthetic devices

5.2.1.Market size, by region, 2014 – 2025 (USD Million & Units)

5.3. Body powered prosthetic devices

5.3.1.Market size, by region, 2014 – 2025 (USD Million & Units)

5.4. Myoelectric prosthetic devices

5.4.1.Market size, by region, 2014 – 2025 (USD Million & Units)

5.5. Hybrid prosthetic devices

5.5.1.Market size, by region, 2014 – 2025 (USD Million & Units)

Chapter 6.Upper Limb Prosthetics Market, By Cause

6.1. Key segment trends

6.2. Trauma

6.2.1.Market size, by region, 2014 – 2025 (USD Million & Units)

6.3. Vascular disease and diabetes

6.3.1.Market size, by region, 2014 – 2025 (USD Million & Units)

6.4. Cancer

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About Author

Ronak Bora    

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

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