Upper Limb Prosthetics Market - By Component (Wrist, Elbow, Shoulder, Arm, Terminal Devices), Product (Passive, Body-powered, Myoelectric, Hybrid), End-use (Hospitals, Prosthetic Clinics, ASCs)

Description

List of Tables

Upper Limb Prosthetics Market is set to register 5.1% CAGR during 2023 to 2032, as the technological advancements help in enhancing the functionality and comfort. Innovations such as myoelectric prosthetic devices, which use muscle signals to control movements, provide users with a more natural and intuitive experience. In August 2023, The University of Bath introduced a glove and armband device to aid upper-arm prosthetic users feel a sense of touch.

Increasing initiatives by healthcare organizations, non-profit groups, and government agencies to raise awareness about available prosthetic options and support services create a more informed and supportive environment for individuals in need. Moreover, the changing societal perceptions regarding limb differences and disabilities contribute to a more inclusive attitude, encouraging patients to explore and adopt upper limb prosthetics.

Upper limb prosthetics industry is classified based on component, product, end-use, and region.

Prosthetic shoulder segment is poised to generate substantial revenues during 2023 and 2032, backed by advancements that focus on replicating natural shoulder movements and functionality. Innovations in prosthetic shoulder designs address the intricate biomechanics of the shoulder joint, offering users a range of motion and enhanced adaptability in various daily activities. Improved materials and engineering have resulted in prosthetic shoulders that not only provide stability and comfort but also facilitate a more intuitive and fluid interaction with the surrounding environment.

Ambulatory Surgical Centers segment is set to grow over the forecast period, owing to efficiency, convenience, and patient-centric approach. Unlike traditional hospital settings, these centers specialize in outpatient procedures, providing a streamlined and focused environment for prosthetic fittings and adjustments. This allows for quicker turnaround times, reduced waiting periods, and personalized care, enhancing the overall patient experience. They often leverage advanced technologies and specialized expertise in prosthetics, ensuring that individuals requiring upper limb prosthetics receive tailored solutions promptly.

Europe upper limb prosthetics industry share will grow significantly through 2032, attributed to the strong commitment to technological innovations. The R&D in the healthcare sector contributes to the continuous refinement of prosthetic technologies, making them more adaptive and responsive to users' needs. The robust healthcare infrastructure, coupled with favorable reimbursement policies, facilitates greater accessibility to upper limb prosthetics. The aging population and the prevalence of conditions such as vascular diseases, further bolster the regional market growth.

Product Code: 4235

Chapter 1 Methodology & Scope

1.1 Market scope & definitions
1.2 Base estimates & working
1.3 Data collection
1.4 Forecast parameters
1.5 COVID-19 impact at global level
1.6 Data validation
1.7 Data sources
- 1.7.1 Primary
- 1.7.2 Secondary
  - 1.7.2.1 Paid sources
  - 1.7.2.2 Unpaid sources

Chapter 2 Executive Summary

2.1 Upper limb prosthetics industry 360 degree synopsis, 2018 - 2032
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Component trends
- 2.1.4 Product trends
- 2.1.5 End-use trends

Chapter 3 Upper Limb Prosthetics Industry Insights

3.1 Industry ecosystem analysis
3.2 Industry impact forces
- 3.2.1 Growth drivers
  - 3.2.1.1 Growing geriatric population
  - 3.2.1.2 Rising number of accidental injuries and trauma cases
  - 3.2.1.3 Technological advancements
  - 3.2.1.4 Rise in the number of limb amputation procedures
- 3.2.2 Industry pitfalls & challenges
  - 3.2.2.1 High cost of devices
  - 3.2.2.2 Stringent regulatory scenario
3.3 Growth potential analysis
- 3.3.1 By component
- 3.3.2 By product
- 3.3.3 By end-use
3.4 COVID- 19 impact analysis
3.5 Regulatory landscape
3.6 Technological landscape
3.7 Reimbursement scenario
3.8 Gap analysis
3.9 Porter's analysis
3.10 PESTEL analysis

Chapter 4 Competitive Landscape, 2022

4.1 Introduction
4.2 Company matrix analysis, 2022
4.3 Company market share analysis, 2022
4.4 Competitive analysis of major market players, 2022
4.5 Competitive positioning matrix, 2022
4.6 Strategy dashboard, 2022

Chapter 5 Upper Limb Prosthetics Market Size and Forecast, By Component, 2018-2032 (USD Million)

5.1 Key trends, by component
5.2 Prosthetic wrist
5.3 Prosthetic elbow
5.4 Prosthetic shoulder
5.5 Prosthetic arm
5.6 Terminal devices

Chapter 6 Upper Limb Prosthetics Market Size and Forecast, By Product, 2018-2032 (USD Million)

6.1 Key trends, by product
6.2 Passive prosthetic devices
6.3 Body-powered prosthetic devices
6.4 Myoelectric prosthetic devices
6.5 Hybrid prosthetic devices

Chapter 7 Upper Limb Prosthetics Market Size and Forecast, By End-use, 2018-2032 (USD Million)

7.1 Key trends, by end-use
7.2 Hospitals
7.3 Prosthetic clinics
7.4 Ambulatory surgical centers

Chapter 8 Upper Limb Prosthetics Market Size and Forecast, By Region, 2018-2032 (USD Million)

8.1 Key trends, by region
8.2 North America
- 8.2.1 U.S.
- 8.2.2 Canada
8.3 Europe
- 8.3.1 Germany
- 8.3.2 UK
- 8.3.3 France
- 8.3.4 Spain
- 8.3.5 Italy
- 8.3.6 Rest of Europe
8.4 Asia Pacific
- 8.4.1 China
- 8.4.2 Japan
- 8.4.3 India
- 8.4.4 Australia
- 8.4.5 South Korea
- 8.4.6 Rest of Asia Pacific
8.5 Latin America
- 8.5.1 Brazil
- 8.5.2 Mexico
- 8.5.3 Argentina
- 8.5.4 Rest of Latin America
8.6 Middle East & Africa
- 8.6.1 South Africa
- 8.6.2 Saudi Arabia
- 8.6.3 UAE
- 8.6.4 Rest of Middle East & Africa

Chapter 9 Company Profiles

9.1 Ottobock SE & Co. KGaA
9.2 Endolite India ltd.
9.3 Ossur
9.4 Fillauer LLC
9.5 CPOUSA
9.6 Mobius Bionics
9.7 Steeper Group
9.8 Ortho Europe
9.9 Open Bionics
9.10 COVVI Ltd
9.11 Unlimited Tomorrow
9.12 exiii Inc.
9.13 Motorica
9.14 WillowWood Global llc
9.15 Protunix