PUBLISHER: Lucintel | PRODUCT CODE: 1387368
PUBLISHER: Lucintel | PRODUCT CODE: 1387368
Limb Prosthetics Trends and Forecast
The future of the global limb prosthetics market looks promising with opportunities in the orthotists & prosthetists clinic and orthopedic clinic markets. The global limb prosthetics market is expected to reach an estimated $2.6 billion by 2030 with a CAGR of 4.7% from 2024 to 2030. The major drivers for this market are increasing prevalence of limb loss, growing government support for limb prosthetics, and rising demand for advanced prosthetics.
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Limb Prosthetics by Segment
The study includes a forecast for the global limb prosthetics by component, technology, type, end use, and region.
Limb Prosthetics Market by Component [Shipment Analysis by Value from 2018 to 2030]:
Limb Prosthetics Market by Technology [Shipment Analysis by Value from 2018 to 2030]:
Limb Prosthetics Market by Type [Shipment Analysis by Value from 2018 to 2030]:
Limb Prosthetics Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
Limb Prosthetics Market by Region [Shipment Analysis by Value from 2018 to 2030]:
List of Limb Prosthetics Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies limb prosthetics companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the limb prosthetics companies profiled in this report include-
Limb Prosthetics Market Insights
Lucintel forecasts that socket will remain the largest segment over the forecast period due to its comfort, fit, and function.
Within this market, orthopedic clinics will remain the largest segment due to presence of large number of orthopedic clinics carrying out amputation surgeries and providing prosthetic services.
APAC is expected to witness highest growth over the forecast period due to increasing prevalence of limb loss and rising demand for advanced prosthetics in the region.
Features of the Global Limb Prosthetics Market
Market Size Estimates: Limb prosthetics market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Limb prosthetics market size by various segments, such as by component, technology, type, end use, and region in terms of value ($B).
Regional Analysis: Limb prosthetics market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different components, technologies, types, end uses, and regions for the limb prosthetics market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the limb prosthetics market.
Analysis of competitive intensity of the industry based on Porter's Five Forces model.
FAQ
Q1. What is the limb prosthetics market size?
Answer: The global limb prosthetics market is expected to reach an estimated $2.6 billion by 2030.
Q2. What is the growth forecast for limb prosthetics market?
Answer: The global limb prosthetics market is expected to grow with a CAGR of 4.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the limb prosthetics market?
Answer: The major drivers for this market are increasing prevalence of limb loss, growing government support for limb prosthetics, and rising demand for advanced prosthetics.
Q4. What are the major segments for limb prosthetics market?
Answer: The future of the limb prosthetics market looks promising with opportunities in the orthotists & prosthetists clinic and orthopedic clinic markets.
Q5. Who are the key limb prosthetics market companies?
Answer: Some of the key limb prosthetics companies are as follows:
Q6. Which limb prosthetics market segment will be the largest in future?
Answer: Lucintel forecasts that socket will remain the largest segment over the forecast period due to its comfort, fit, and function.
Q7. In limb prosthetics market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness highest growth over the forecast period due to increasing prevalence of limb loss and rising demand for advanced prosthetics in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.