Prosthetic Liners Market Forecast and CAGR
A Prosthetic liner is a protective lining or a barrier that is applied to the skin of the patient who is about to undergo Prosthesis, it is meant to protect the bearer’s skin to make while making it more comfortable to fit, they can be made of silicone, mineral oil derivative or urethane.
The prosthetic liners market is set to face a stable growth initially in a short time manner but will have an optimistic growth during the forecast period (2021-2031).
What is Driving Demand for Prosthetic Liners Market?
Major driving factors of the Prosthetic liners market are increasing number in trauma cases, accidental cases of injuries or road accidents, government’s initiatives that are linked to the product and emergence of novel liner materials, such factors lead to the increase in demand for the product and are responsible for aiding to the market growth.
Excessive prevalence of orthopaedic conditions which require prosthesis and increase in the number of patients who are willing to spend on premium products. An increase in the dilapidated population which is prone to different lifestyle-related disorders is another big factor leading to the increase in the demand for prosthetic liners.
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What is the Repercussion of the Pandemic on the Growth of the Prosthetic Liners Market?
In 2021, the prosthetic liners market made a consistent growth but due to pandemic, it faced a big downfall. In Feb 2021, as per the annual report made by Össur, due to the lesser road accidents and injuries the inflow of amputees and patients volunteering or needing the prosthesis got lesser due to the lockdown, due to which the sales got declined by a significant percentage although it is expected to show gradual and positive growth during the forecast period (2021-2031).
The US and Canada Prosthetic Liners Market Outlook
A good growth rate of the Prosthetic liners market is expected to expand for the US due to an increase in acquisition and strategic partnership by key manufacturers and suppliers. The presence of companies like Ossur, Ottobock, Willow Wood along with others becomes a big factor for driving the demand in the market.
In Dec 2019, according to an NCBI’s article by Ontario Health (Quality) in Canada, the major cause of lower leg amputations is due to diabetes, where a huge role of the prosthesis and prosthetic market is observed. It is expected to grow at a good CAGR in the forecast period (2021-2031).
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Europe Demand Outlook for Prosthetic Liners Market
Companies like Ottobock, Johnson’s and Johnson’s, SensArs, Smith & Nephew along with others are the top leading European companies. European region shared almost the same percentage of prosthetic liners market chunk as North American region. The prosthetic liner market value has been very fortunate with a good CAGR expected in the forecast period (2021-2031)
In 2016, according to a report of European Road Safety Association, annually there were ~300 road injuries in Germany followed by ~108 road injuries in Italy along with UK and France, these factors turned out to be the driving factors of the growth of the Prosthetic market in European Region.
Who are the Key Manufacturers and Suppliers of Prosthetic Liners?
Some of the leading manufacturers and suppliers of prosthetic liners are
- Willow Wood
- Fillauer Europe AB
- Freedom Innovations
- Streifeneder USA
- Silipos Holding
- ST&G Corporation
- Engineered Silicone Products
- College Park Industries
In Sept 2020, an update by Medical Startups was uploaded where companies like, Synchron( Australia), Cyberdyne(Japan), Exii(japan), Free Bionics (China), along with others were described as some of the top start-up companies in the Asia Pacific which are developing exoskeletons and bionic prosthesis, that said it also considered that Asia Pacific Region is the “Future of Prosthesis” and is expected to grow even more in the Forecast Period (2021-2031).
An Adaptive Approach to Modern-day Research Needs
Prosthetic Liners Market Report Highlights:
- Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current, and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
- Arm Disabled liners
- Leg Disabled liners
- Dental Prosthetics
- Orthopaedic Prosthetics
- Thermoplastic Elastomer (TPE)
- Silicone Liner
- Polyurethane Liner (PUR)
- Prosthesis Clinics
- Other healthcare sectors
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Others
- Western Europe
- Eastern Europe
- Asia Pacific
- Australia and New Zealand (ANZ)
- Greater China
- Rest of Asia Pacific
- The Middle East and Africa
- GCC Countries
- Other Middle East
- North Africa
- South Africa
- Other Africa
The report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macro-economic indicators, and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of the company
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