Future Healthcare Story

Upper Limb Prosthetics Market Size Poised to Touch US$1.9 Bn By 2026

Press release   •   Oct 09, 2019 06:11 EDT

The global Upper Limb Prosthetics Market Size is poised to attain valuation of US$ 1.9 Billion by 2026, According to a new research report by Acumen Research and Consulting. The market is growing at striking CAGR around 10.5 % over the forecast time frame 2019 – 2026. This report also covers details of market size, growth spectrum, and the competitive scenario of upper limb prosthetics market in the forecast timeline.

Road crashes are one of the primary triggers of bone fracture and are anticipated to be a major driver for the development of the prothesis industry for the upper limbs. Rapid modernisation and high-performance vehicle revenues are the variables that lead to an rise in the amount of road accidents. Rash driving and drunk driving also increase the amount of road accidents worldwide. These variables will lead to the development of the prothetic upper limb industry.

Moreover, the growing geriatric population is one of the main reasons why the upper limb prosthesis industry is growing. Another powerful factor promoting demand for high limb prosthetics in the worldwide markets is that older individuals are more prone to orthopedic illnesses due to fragile bones. More than 65% of amputations are done on individuals aged 50 years and older, according to recent UN stats. Increasing diabetes incidence is also quoted as an important impact factor connected with the increasing demand for upper limb prostheses.

The focus on physical fitness, recreation and other physical events, including aerobics and walking, has been increasing even among amputees, leading to enhanced demand for upper limb prostheses. The demand for fresh upper limb prothetics on the market is affected by an growing amount of bone wounds immediately. Develop creative protheses in the upper limbs enable amputies to engage effectively in fitness and recreation sports and also to do their regular tasks such as grasping, eating and the like. Many educational programs are structured by cultural commissions and play a key part in promoting amputees to engage in sports operations that have significantly boosted the revenues of the prothetics of the upper limb.

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An significant element that is anticipated to boost the upper limb market's development is the growing incidence of bone diseases such as osteoporosis, osteosarcoma, osteopenia, and others. Some other bone illnesses such as hyperparathyroidism, Paget's bone disease, ricketing and osteomalacia, and incomplete osteogénesis also significantly influence bone power and can increase the requirement for upper limb prostheses. These illnesses significantly reduce bone density and thereby increase the likelihood of bone fractures. The demand for prothetics of the upper limb is anticipated to boost.

The acceptance speed of prothetic instruments, which is anticipated to boost the development of the upper limb prothetic industry, increases as prothetic technology progresses. Advanced technology has resulted to better lifestyles for upper limb consumers and increased market demand.

Upper limbs are artificial implants used to substitute a defected bodily organ or limb. These prothetics improve an amputee's lifestyle by enabling an individual to travel correctly.

Key Players & Strategies

Many main upper limb prosthetics companies are concentrating on innovating fresh products with sophisticated characteristics and providing rehabilitative facilities. Some of the major firms are strongly engaged in strategic purchases and partnerships to introduce creative goods on the market for upper limb prosthetics. The prominent players active in the market include Ossur, Fillauer LLC, Ottobock SE & Co. KGaA, CPOUSA, College Park Industries, TRS Inc., Howard Orthopedics Inc., Steeper Inc., WillowWood Global LLC, Endolite India Ltd., Coapt LLC among others.

The main strategic measures of these sector participants are technological advances, creative item launchs, capability extension, merger, procurement and accreditation. In July 2019, Ossur Global reached an arrangement to purchase the major supplier of prothesis products and facilities to College Park Industries. The procurement approach is to expand the brand portfolio and business that can boost the company's development.

Market Segmentation

Market, by Component

  • Prosthetic Arm
  • Prosthetic Wrist
  • Prosthetic Shoulder
  • Prosthetic Elbow
  • Terminal Devices

Market, by Product

  • Body Powered Prosthetic Devices
  • Passive Prosthetic Devices
  • Hybrid Prosthetic Devices
  • Myoelectric Prosthetic Devices

Market, by Cause

  • Vascular Disease and Diabetes
  • Trauma
  • Cancer

Market, by End Use

  • Ambulatory Surgical Centers
  • Hospitals
  • Prosthetic Clinics

Market, by Geography

  • North America.
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East and Africa (MEA)

The market research study on “Upper Limb Prosthetics Market Size, Share & Trends Analysis Report By Component, Product, Cause, End Use, By Region - Global Industry Size, Share, Trends and Forecast 2019 - 2026” offers detailed insights on global Upper Limb Prosthetics market segments with market dynamics and their impact. The report also covers basic technology development policies.

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TABLE OF CONTENT

CHAPTER 1. INDUSTRY OVERVIEW
1.1. Definition and Scope
1.1.1. Definition of Upper Limb Prosthetics
1.1.2. Market Segmentation
1.1.3. List of Abbreviations
1.2. Summary
1.2.1. Market Snapshot
1.2.2. Upper Limb Prosthetics Market By Component
1.2.2.1. Global Upper Limb ProstheticsMarket Revenue and Growth Rate Comparison By Component (2015-2026)
1.2.2.2. Global Upper Limb ProstheticsMarket Revenue Share By Component in 2017
1.2.2.3. Prosthetic Arm
1.2.2.4. Prosthetic Wrist
1.2.2.5. Prosthetic Shoulder
1.2.2.6. Prosthetic Elbow
1.2.2.7. Terminal Devices
1.2.3. Upper Limb Prosthetics Market By Product
1.2.3.1. Global Upper Limb Prosthetics Market Revenue and Growth Rate Comparison By Product (2015-2026)
1.2.3.2. Global Upper Limb ProstheticsMarket Revenue Share By Product in 2017
1.2.3.3. Body Powered Prosthetic Devices
1.2.3.4. Passive Prosthetic Devices
1.2.3.5. Hybrid Prosthetic Devices
1.2.3.6. Myoelectric Prosthetic Devices
1.2.4. Upper Limb Prosthetics Market By Cause
1.2.4.1. Global Upper Limb Prosthetics Market Revenue and Growth Rate Comparison By Cause (2015-2026)
1.2.4.2. Global Upper Limb ProstheticsMarket Revenue Share By Cause in 2017
1.2.4.3. Vascular Disease and Diabetes
1.2.4.4. Trauma
1.2.4.5. Cancer
1.2.5. Upper Limb Prosthetics Market By End Use
1.2.5.1. Global Upper Limb Prosthetics Market Revenue and Growth Rate Comparison By End Use (2015-2026)
1.2.5.2. Global Upper Limb ProstheticsMarket Revenue Share By End Use in 2017
1.2.5.3. Ambulatory Surgical Centers
1.2.5.4. Hospitals
1.2.5.5. Prosthetic Clinics
1.2.6. Upper Limb Prosthetics Market by Geography
1.2.6.1. Global Upper Limb Prosthetics Market Revenue and Growth Rate Comparison by Geography (2015-2026)
1.2.6.2. North America Upper Limb Prosthetics Market Revenue and Growth Rate(2015-2026)
1.2.6.3. Europe Upper Limb Prosthetics Market Revenue and Growth Rate(2015-2026)
1.2.6.4. Asia-Pacific Upper Limb Prosthetics Market Revenue and Growth Rate(2015-2026)
1.2.6.5. Latin America Upper Limb Prosthetics Market Revenue and Growth Rate(2015-2026)
1.2.6.6. Middle East and Africa (MEA)Upper Limb Prosthetics Market Revenue and Growth Rate(2015-2026)

CHAPTER 2. MARKET DYNAMICS AND COMPETITION ANALYSIS
2.1. Market Drivers
2.2. Restraints and Challenges
2.3. Growth Opportunities
2.4. Porter’s Five Forces Analysis
2.4.1. Bargaining Power of Suppliers
2.4.2. Bargaining Power of Buyers
2.4.3. Threat of Substitute
2.4.4. Threat of New Entrants
2.4.5. Degree of Competition
2.5. Value Chain Analysis
2.6. Cost Structure Analysis
2.6.1. Raw Material and Suppliers
2.6.2. Manufacturing Process Analysis
2.7. Regulatory Compliance
2.8. Competitive Landscape, 2017
2.8.1. Player Positioning Analysis
2.8.2. Key Strategies Adopted By Leading Players

CHAPTER 3. MANUFACTURING PLANTS ANALYSIS
3.1. Capacity and Commercial Production Date of Global Upper Limb Prosthetics Major Manufacturers in 2017
3.2. Manufacturing Plants Distribution of Global Upper Limb Prosthetics Major Manufacturers in 2017
3.3. R&D Status and Technology Source of Global Upper Limb Prosthetics Major Manufacturers in 2017
3.4. Raw Materials Sources Analysis of Global Upper Limb Prosthetics Major Manufacturers in 2017

CHAPTER 4. Upper Limb Prosthetics Market By Component
4.1. Global Upper Limb ProstheticsRevenueBy Component
4.2. Prosthetic Arm
4.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.3. Prosthetic Wrist
4.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.4. Prosthetic Shoulder
4.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.5. Prosthetic Elbow
4.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
4.6. Terminal Devices
4.6.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
4.6.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 5. Upper Limb Prosthetics Market By Product
5.1. Global Upper Limb ProstheticsRevenueBy Product
5.2. Body Powered Prosthetic Devices
5.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.3. Passive Prosthetic Devices
5.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.4. Hybrid Prosthetic Devices
5.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
5.5. Myoelectric Prosthetic Devices
5.5.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
5.5.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 6. Upper Limb Prosthetics Market By Cause
6.1. Global Upper Limb ProstheticsRevenueBy Cause
6.2. Vascular Disease and Diabetes
6.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.3. Trauma
6.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
6.4. Cancer
6.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
6.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 7. Upper Limb Prosthetics Market By End Use
7.1. Global Upper Limb Prosthetics Revenue By End Use
7.2. Ambulatory Surgical Centers
7.2.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.2.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.3. Hospitals
7.3.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.3.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)
7.4. Prosthetic Clinics
7.4.1. Market Revenue and Growth Rate, 2015 - 2026 ($Million)
7.4.2. Market Revenue and Forecast, By Region, 2015 - 2026 ($Million)

CHAPTER 8. North America Upper Limb Prosthetics Market By Country
8.1. North America Upper Limb Prosthetics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
8.2. North America Upper Limb Prosthetics Market Revenue Share Comparison, 2015 & 2026 (%)
8.3. U.S.
8.3.1. U.S. Upper Limb Prosthetics Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.4. Canada
8.4.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
8.5. Mexico
8.5.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
8.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 9. EuropeUpper Limb Prosthetics Market By Country
9.1. Europe Upper Limb Prosthetics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
9.2. Europe Upper Limb Prosthetics Market Revenue Share Comparison, 2015 & 2026 (%)
9.3. UK
9.3.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.4. Germany
9.4.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.5. France
9.5.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.6. Spain
9.6.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
9.7. Rest of Europe
9.7.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
9.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 10. Asia-PacificUpper Limb Prosthetics Market By Country
10.1. Asia-Pacific Upper Limb Prosthetics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
10.2. Asia-Pacific Upper Limb Prosthetics Market Revenue Share Comparison, 2015 & 2026 (%)
10.3. China
10.3.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.4. Japan
10.4.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.5. India
10.5.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.6. Australia
10.6.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.6.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.7. South Korea
10.7.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.7.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
10.8. Rest of Asia-Pacific
10.8.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
10.8.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 11. Latin AmericaUpper Limb Prosthetics Market By Country
11.1. Latin America Upper Limb Prosthetics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
11.2. Latin America Upper Limb Prosthetics Market Revenue Share Comparison, 2015 & 2026 (%)
11.3. Brazil
11.3.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
11.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.4. Argentina
11.4.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
11.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
11.5. Rest of Latin America
11.5.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
11.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 12. Middle East Upper Limb Prosthetics Market By Country
12.1. Middle East Upper Limb Prosthetics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
12.2. Middle East Upper Limb Prosthetics Market Revenue Share Comparison, 2015 & 2026 (%)
12.3. Saudi Arabia
12.3.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
12.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.4. UAE
12.4.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
12.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
12.5. Rest of Middle East
12.5.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
12.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 13. Africa Upper Limb Prosthetics Market By Country
13.1. Africa Upper Limb Prosthetics Market Revenue and Growth Rate, 2015 - 2026 ($Million)
13.2. Africa Upper Limb Prosthetics Market Revenue Share Comparison, 2015 & 2026 (%)
13.3. South Africa
13.3.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
13.3.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
13.4. Egypt
13.4.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
13.4.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)
13.5. Rest of Africa
13.5.1. Market Revenue and Forecast By Component, 2015 - 2026 ($Million)
13.5.2. Market Revenue and Forecast By End-user, 2015 - 2026 ($Million)

CHAPTER 14. COMPANY PROFILE
14.1. Ossur
14.1.1. Company Snapshot
14.1.2. Overview
14.1.3. Financial Overview
14.1.4. Product Portfolio
14.1.5. Key Developments
14.1.6. Strategies
14.2. Fillauer LLC
14.2.1. Company Snapshot
14.2.2. Overview
14.2.3. Financial Overview
14.2.4. Product Portfolio
14.2.5. Key Developments
14.2.6. Strategies
14.3. Ottobock SE & Co. KGaA
14.3.1. Company Snapshot
14.3.2. Overview
14.3.3. Financial Overview
14.3.4. Product Portfolio
14.3.5. Key Developments
14.3.6. Strategies
14.4. CPOUSA
14.4.1. Company Snapshot
14.4.2. Overview
14.4.3. Financial Overview
14.4.4. Product Portfolio
14.4.5. Key Developments
14.4.6. Strategies
14.5. College Park Industries
14.5.1. Company Snapshot
14.5.2. Overview
14.5.3. Financial Overview
14.5.4. Product Portfolio
14.5.5. Key Developments
14.5.6. Strategies
14.6. TRS Inc.
14.6.1. Company Snapshot
14.6.2. Overview
14.6.3. Financial Overview
14.6.4. Product Portfolio
14.6.5. Key Developments
14.6.6. Strategies
14.7. Howard Orthopedics Inc.
14.7.1. Company Snapshot
14.7.2. Overview
14.7.3. Financial Overview
14.7.4. Product Portfolio
14.7.5. Key Developments
14.7.6. Strategies
14.8. Steeper Inc.
14.8.1. Company Snapshot
14.8.2. Overview
14.8.3. Financial Overview
14.8.4. Product Portfolio
14.8.5. Key Developments
14.8.6. Strategies
14.9. WillowWood Global LLC
14.9.1. Company Snapshot
14.9.2. Overview
14.9.3. Financial Overview
14.9.4. Product Portfolio
14.9.5. Key Developments
14.9.6. Strategies
14.10. Endolite India Ltd.
14.10.1. Company Snapshot
14.10.2. Overview
14.10.3. Financial Overview
14.10.4. Product Portfolio
14.10.5. Key Developments
14.10.6. Strategies
14.11. Coapt LLC
14.11.1. Company Snapshot
14.11.2. Overview
14.11.3. Financial Overview
14.11.4. Product Portfolio
14.11.5. Key Developments
14.11.6. Strategies
14.12. Others
14.12.1. Company Snapshot
14.12.2. Overview
14.12.3. Financial Overview
14.12.4. Product Portfolio
14.12.5. Key Developments
14.12.6. Strategies

CHAPTER 15. RESEARCH APPROACH
15.1. Research Methodology
15.1.1. Initial Data Search
15.1.2. Secondary Research
15.1.3. Primary Research
15.2. Assumptions and Scope

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