The global demand for Upper Limb Prosthetics Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Upper limb prostheses are artificial devices used to replace a hand or arm that has been lost in part or whole due to an accident, injury, sickness, trauma, or congenital abnormality. The upper limb prostheses are terminal devices (TD), interposing joints, socket, suspension, and control system. Upper extremity prostheses are divided into four categories. Body-powered, myoelectric, and hybrid prostheses are examples of cosmetic or passive prosthetic devices. Prosthetics for the upper limb can be used everywhere from the shoulder joint to the fingers, including the fingers, hand, wrist, forearm, elbow, upper arm, and shoulder.
Market Dynamics
Technological improvements in prosthetics are fueling the growth of the global upper limb prosthetics market. The market for upper limb prostheses is being driven forward by an increase in the number of accidents and trauma and an increase in the incidence of bone illnesses such as osteosarcoma, osteoporosis, and osteopenia. Moreover, increased government efforts to help amputee initiatives to support amputees provide lucrative opportunities to the upper limb prostheses market. Nevertheless, the market's growth is hampered by the high cost and increased maintenance of these devices and a lack of reimbursement policies.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of upper limb prosthetics. The growth and trends of upper limb prosthetics industry provide a holistic approach to this study.
Market Segmentation
This section of the upper limb prosthetics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
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
By End-Use
- Hospitals
- Prosthetic Clinics
- Ambulatory Surgical Centers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Upper Limb Prosthetics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Upper Limb Prosthetics Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the upper limb prosthetics market include Ottobock SE & Co. KGaA, Endolite India Ltd., Ossur, Fillauer LLC, CPOUSA, Coapt LLC, Mobius Bionics LLC, Steeper Inc., and Open Bionics Ltd among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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