Artificial Limbs Market (2022 - 2032)
Artificial Limbs Market Analysis Repot By Product (Upper Extremity, Lower Extremity, Sockets, Liners), By Technology (Cosmetic Prosthetics, Cable-operated/Battery-powered Prosthetics, Electrically-powered/Myoelectric Prosthetics), By Region - Global Forecast 2019 to 2025
Core Findings
FREE CustomizationArtificial Limbs Market to Grow 1.4X by the End of 2025
The growth trajectory of the artificial limbs market has been forged with advancements in the field of new technologies and prosthetic materials that are more adaptable and have greater suitability.
Materials such as urethanes and silicone are more flexible and lightweight, and have a remarkable quality known as 'memory', which allows them to respond to varying degrees of pressure.
As healthcare expenditures mount, key companies are aggressively deploying research & development tools in the field of Artificial Intelligence and bionics.
Similarly, governments in developing regions are launching reimbursement schemes to cover a small portion of the cost of a prosthetic limb fitted onto an amputee.
This creates a favourable environment for companies to venture into highly lucrative markets, which until recently, have been largely untapped.
The aforementioned factors are expected to augment the growth of the artificial limbs market, which is set to witness a healthy growth of 6% over the forecast period (2020 to 2025).
Prosthetic Clinics to Witness Leap in Growth, Hospitals Follow Suit
Prosthetic clinics are all set to witness a resurgence on the back of an extensive range of personalized and innovative solutions for amputees. These include state-of-the-art braces, shoes, supports, inserts, and other devices.
Prosthetic clinics are estimated to account for the maximum market share during the forecast period, and will grow 1.3X during the forecast period.
Hospitals are apace, and are projected to account for 30% of the market share by the end of 2025.
Increasing number of trauma cases, and industrial and traffic accidents are inadvertently creating a conducive environment for the hospitals segment. As per forecasts, the hospitals segment will grow 1.2X and maintain a steady course through 2025.
Artificial Limbs Market a Consolidated Space, Innovations and Acquisitions Intensify Competition
The artificial limbs market is highly consolidated, with a handful of market players making major inroads through extensive R&D activities and a well-established supply chain.
Exorbitant costs attributable to top-of-the-line products is attracting a small number of players and intensifying the competition.
Ossur, Ottobock, Hanger, Proteor, and Spinal Technology Inc. are some of the leading players in the market.
A vast clinical service network, an ever-expanding geographical presence, enhanced product portfolio, and strategically-timed acquisitions are some of the strategies of leading stakeholders in the artificial limbs market. For instance
- In 2019, Ossur signed an agreement with College Park Industries, a global provider of upper and lower limb prosthesis. With this acquisition, Ossur hopes to strengthen its presence in the upper limb arena. Together, both companies will be well positioned to enhance their offerings.
- Ottobock has added value for its users through innovative product launches, such as the microprocessor-controlled knee joint - 'C-Leg'. Ottobock is also investing in digital transformation using artificial intelligence for technical orthopaedics at all its locations.
North America Artificial Limbs Market Surging Ahead, Asia Pacific to Emerge as Lucrative Pocket
In terms of revenue, North America will outpace other regions, accounting for 34% of the market share by 2025. According to the Centre for Disease Control (CDC), as of 2016, over 8.5 Mn people in the U.S. were afflicted by peripheral vascular diseases, while 9.4% of the country’s population suffered from diabetes.
This rise in disease prevalence is inadvertently leading to a large number of amputation cases, in turn, fuelling market growth.
Asia Pacific is also projected to benefit from the changing reimbursement scenario and a large pool of amputees, and would reach US$ 630 Mn by the end of 2025.
Since MEA and Latin America are smaller markets, their growth will remain stable in the medium and long term.
Artificial Limbs Market - Assessment of Key Segments
With an aim to offer granular level insights on the artificial limbs market, authors of the report have segmented the landscape on the basis of product, technology, end user, and region. This global research report also analysis the incremental opportunity available in the artificial limbs market during the forecast period. Key segments of the artificial limbs market include:
-
By Product :
- Upper Extremity
- Lower Extremity
- Sockets
- Liners
- Others
-
By Technology :
- Cosmetic Prosthetics
- Cable-operated/Battery-powered Prosthetics
- Electrically-powered/Myoelectric Prosthetics
-
By End User :
- Hospitals
- Prosthetic Clinics
- Rehabilitation Centres
-
By Region :
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
Key market players profiled in this comprehensive study on the artificial limbs market include Ossur, Hanger and Ottobock. Authors of the study have analysed the artificial limbs market in detail, and estimated market values based on the robust research methodology adopted by them.
This detailed guide, based on latest market movements, ensures that only precise information reaches stakeholders, so as to help them gain an upper hand over their competitors in the artificial limbs market. This exclusive guide offers crucial information about the current trends, pipeline drugs, unmet drugs, future scope, and government regulations for the artificial limbs market.
Table of Content
- 1. Preface
- 2. Assumptions and Research Methodology
- 3. Executive Summary
- 4. Market Overview
- 5. Market Dynamics
- 6. Market Analysis, by Product
- 6.1. Upper Extremity Prosthetics
- 6.2. Lower Extremity Prosthetics
- 6.3. Sockets
- 6.4. Liners
- 6.5. Others
- 7. Market Analysis, by Technology
- 7.1. Cosmetic Prosthetics
- 7.2. Cable operated/Body powered Prosthetics
- 7.3. Electrically powered/myoelectric Prosthetics
- 7.4. Others
- 8. Market Analysis, by End User
- 8.1. Hospitals
- 8.2. Prosthetic Clinics
- 8.3. Rehabilitation Centers
- 9. Market Analysis, by Region
- 9.1. North America
- 9.2. Europe
- 9.3. Asia Pacific
- 9.4. Latin America
- 9.5. Middle East & Africa
- 10. North America Market Analysis
- 11. Europe Market Analysis
- 12. Asia Pacific Market Analysis
- 13. Latin America Market Analysis
- 14. Middle East & Africa Market Analysis
- 15. Competition Landscape
- 15.1. Össur
- 15.2. Hanger, Inc.
- 15.3. Ohio Willow Wood Company
- 15.4. Ottobock
- 15.5. RSL Steeper Group Ltd.
- 15.6. PROTEOR
- 15.7. Blatchford Group
- 15.8. Liberating Technologies, Inc.
- 15.9. Fillauer LLC
- 15.10. Spinal Technology, Inc.
- 15.11. Optimus Prosthetics
List Of Table
Table 01: Global Market Size (US$ Mn) Forecast, by Product, 2015 to 2025
Table 02: Global Market Size (US$ Mn) Forecast, by Technology, 2015 to 2025
Table 03: Global Market Size (US$ Mn) Forecast, by End User, 2015 to 2025
Table 04: Global Market Size (US$ Mn) Forecast, by Region, 2017 to 2025
Table 05: North America Market Size (US$ Mn) Forecast, by Product, 2017 to 2025
Table 06: North America Market Size (US$ Mn) Forecast, by End User, 2017 to 2025
Table 07: North America Market Size (US$ Mn) Forecast, by Technology, 2017 to 2025
Table 08: North America Market Size (US$ Mn) Forecast, by Country, 2017 to 2025
Table 09: Europe Market Size (US$ Mn) Forecast, by Product, 2017 to 2025
Table 10: Europe Market Size (US$ Mn) Forecast, by End User, 2017 to 2025
Table 11: Europe Market Size (US$ Mn) Forecast, by Technology, 2017 to 2025
Table 12: Europe Market Size (US$ Mn) Forecast, by Country, 2017 to 2025
Table 13: Asia Pacific Market Size (US$ Mn) Forecast, by Product, 2017 to 2025
Table 14: Asia Pacific Market Size (US$ Mn) Forecast, by End User, 2017 to 2025
Table 15: Asia Pacific Market Size (US$ Mn) Forecast, by Technology, 2017 to 2025
Table 16: Asia Pacific Market Size (US$ Mn) Forecast, by Country, 2017 to 2025
Table 17: Latin America Market Size (US$ Mn) Forecast, by Product, 2017 to 2025
Table 18: Latin America Market Size (US$ Mn) Forecast, by End User, 2017 to 2025
Table 19: Latin America Market Size (US$ Mn) Forecast, by Technology, 2017 to 2025
Table 20: Latin America Market Size (US$ Mn) Forecast, by Country, 2017 to 2025
Table 21: Middle East & Africa Market Size (US$ Mn) Forecast, by Product, 2017 to 2025
Table 22: Middle East & Africa Market Size (US$ Mn) Forecast, by End User, 2017 to 2025
Table 23: Middle East & Africa Market Size (US$ Mn) Forecast, by Technology, 2017 to 2025
Table 24: Middle East & Africa Market Size (US$ Mn) Forecast, by Country, 2017 to 2025
List Of Figures
Figure 01: Global Market Size (US$ Mn) Forecast, 2017 to 2025
Figure 02: Market Values (US$ Mn), By End Users, 2016
Figure 03: Top drivers and restraints
Figure 04: Market Share Analysis, by Region
Figure 05: Market Opportunity Map
Figure 06: Key Industry Developments
Figure 07: Treatment circle for fixation of artificial limbs
Figure 08: Global Market Value Share Analysis, by Product, 2017 and 2025
Figure 09: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Upper Extremity Prosthetics, 2015 to 2025
Figure 10: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Lower Extremity Prosthetics, 2015 to 2025
Figure 11: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Sockets, 2015 to 2025
Figure 12: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Liners, 2015 to 2025
Figure 13: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Others, 2015 to 2025
Figure 14: Global Market Attractiveness Analysis, by Product
Figure 15: Global Market Value Share Analysis, by Technology, 2017 and 2025
Figure 16: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Cosmetic Prosthetics, 2015 to 2025
Figure 17: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Cable-operated Prosthetics, 2015 to 2025
Figure 18: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Myoelectric Prosthetics, 2015 to 2025
Figure 19: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Others, 2015 to 2025
Figure 20: Global Market Attractiveness Analysis, by Technology
Figure 21: Global Market Value Share Analysis, by End User, 2017 and 2025
Figure 22: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Hospitals, 2015 to 2025
Figure 23: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Prosthetic Clinics, 2015 to 2025
Figure 24: Global Market Revenue (US$ Mn) and Y-o-Y Growth (%), by Rehabilitation Centers, 2015 to 2025
Figure 25: Global Market Attractiveness Analysis, by End User
Figure 26: Market Scenario, by Country
Figure 27: Global Market Value Share Analysis, by Region, 2017 and 2025
Figure 28: Global Market Attractiveness Analysis, by Region
Figure 29: North America Market Size (US$ Mn) Forecast, 2017 to 2025
Figure 30: North America Market Attractiveness Analysis, by Country
Figure 31: North America Market Value Share Analysis, by Product, 2017 and 2025
Figure 32: North America Market Value Share Analysis, by End User, 2017 and 2025
Figure 33: North America Market Value Share Analysis, by Technology, 2017 and 2025
Figure 34: North America Market Value Share Analysis, by Country, 2017 and 2025
Figure 35: North America Market Attractiveness Analysis, by Product
Figure 36: North America Market Attractiveness Analysis, by End User
Figure 37: North America Market Attractiveness Analysis, by Technology
Figure 38: Europe Market Size (US$ Mn) Forecast, 2017 to 2025
Figure 39: Europe Market Attractiveness Analysis, by Country
Figure 40: Europe Market Value Share Analysis, by Product, 2017 and 2025
Figure 41: Europe Market Value Share Analysis, by End User, 2017 and 2025
Figure 42: Europe Market Value Share Analysis, by Technology, 2017 and 2025
Figure 43: Europe Market Value Share Analysis, by Country, 2017 and 2025
Figure 44: Europe Market Attractiveness Analysis, by Product
Figure 45: Europe Market Attractiveness Analysis, by End User
Figure 46: Europe Market Attractiveness Analysis, by Technology
Figure 47: Asia Pacific Market Size (US$ Mn) Forecast, 2017 to 2025
Figure 48: Asia Pacific Market Attractiveness Analysis, by Country
Figure 49: Asia Pacific Market Value Share Analysis, by Product, 2017 and 2025
Figure 50: Asia Pacific Market Value Share Analysis, by End User, 2017 and 2025
Figure 51: Asia Pacific Market Value Share Analysis, by Technology, 2017 and 2025
Figure 52: Asia Pacific Market Value Share Analysis, by Country, 2017 and 2025
Figure 53: Asia Pacific Market Attractiveness Analysis, by Product
Figure 54: Asia Pacific Market Attractiveness Analysis, by End User
Figure 55: Asia Pacific Market Attractiveness Analysis, by Technology
Figure 56: Latin America Market Size (US$ Mn) Forecast, 2017 to 2025
Figure 57: Latin America Market Attractiveness Analysis, by Country
Figure 58: Latin America Market Value Share Analysis, by Product, 2017 and 2025
Figure 59: Latin America Market Value Share Analysis, by End User, 2017 and 2025
Figure 60: Latin America Market Value Share Analysis, by Technology, 2017 and 2025
Figure 61: Latin America Market Value Share Analysis, by Country, 2017 and 2025
Figure 62: Latin America Market Attractiveness Analysis, by Product
Figure 63: Latin America Market Attractiveness Analysis, by End User
Figure 64: Latin America Market Attractiveness Analysis, by Technology
Figure 65: Middle East & Africa Market Size (US$ Mn) Forecast, 2017 to 2025
Figure 66: Middle East & Africa Market Attractiveness Analysis, by Country
Figure 67: Middle East & Africa Market Value Share Analysis, by Product, 2017 and 2025
Figure 68: Middle East & Africa Market Value Share Analysis, by End User, 2017 and 2025
Figure 69: Middle East & Africa Market Value Share Analysis, by Technology, 2017 and 2025
Figure 70: Middle East & Africa Market Value Share Analysis, by Country, 2017 and 2025
Figure 71: Middle East & Africa Market Attractiveness Analysis, by Product
Figure 72: Middle East & Africa Market Attractiveness Analysis, by End User
Figure 73: Middle East & Africa Market Attractiveness Analysis, by Technology
Figure 74: Ossur Success Factor
Figure 75: Ottobock Success Factor
Figure 76: Hanger Success Factor
Figure 77: Breakdown of Net Sales, by Region (2015)
Figure 78: Revenue (US$ Mn) & Y-o-Y Growth (%), 2013 to 2016
- FAQs -
How much is the global market for artificial limbs market worth?
A large pool of amputees, and would reach us$ 630 mn by the end of 2025.
What is the growth rate of the global artificial limbs market?
Set to witness a healthy growth of 6% over the forecast period (2020 - 2025).
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