Press release
Prosthetics Market is Estimated to Reach USD 2.36 Billion by 2030: Cognitive Market Research
Prosthetics Market is Estimated to Reach USD 2.36 Billion by 2030: Cognitive Market Research
What are prosthetics?
Prosthetics is a type of device, which is designed to replace the missing body part and to part of the bodywork improved. This device commonly replaced joints and Missing limbs. The various types of prosthetic devices help to people regain mobility and serve different functions on what body part is missing. The various benefits of this such as people gaining greater confidence and independence, increased movement, and living fuller lives without the burden of physical challenges or feeling socially anxious.
Summary:
• As per the study of CMR, The Global Prosthetics Market size was valued at USD 1.81 Billion in 2022 and is expected to grow at a CAGR Of 4.1 % during the forecast period, reaching USD 2.36 Billion by 2030.
• Based on the product, the lower extremity prosthetics segment has the largest revenue share in the prosthetic market.
• Based on the design, the endoskeletal design segment has the major revenue share in the prosthetic market.
• Based on technology, electrically powered has a leading segment in the prosthetic market.
• Based on end-user, the prosthetics clinics segment has the largest market share in the prosthetic market.
• North America has the largest revenue share in the prosthetic market.
To know more about The Prosthetics Market statistics click here: https://www.cognitivemarketresearch.com/prosthetics-market-report
Market Dynamics
Prosthetics Market Drivers:
Increasing consumer awareness about advanced healthcare options, and demand for prosthetic devices is the key factor expected to drive the growth of the prosthetic market. In addition, increasing injuries due to sports and accidents are likely to boost the demand for the prosthetic market.
Prosthetics Market Opportunities:
Innovative techniques adoption and increasing research and development activities are likely to create growth opportunities for the prosthetic market in the forecast period.
Prosthetics Market Restraints:
Significant maintenance associated with the prosthetics and increasing cost of the prosthetics are major factors anticipated to hamper the growth of the prosthetic market.
Market Segmentation:
Product:
• Lower Extremity Prosthetics
• Upper Extremity Prosthetics
• Others
Based on the product, the lower extremity prosthetics segment has the largest revenue share in the prosthetic market. This is owing to increasing lower extremity prosthetics adoption for implantation and available various types of devices which are manufactured by various key companies in the market. This is expected to drive the demand for this segment in the target market.
Design:
• Endoskeletal Design
• Exoskeletal Design
Based on the design, the endoskeletal design segment has the major revenue share in the prosthetic market. This is attributed to increasing chronic bone disorders prevalence among the population such as osteopenia and osteoporosis. In addition, increasing awareness about the prosthetics benefits is projected to increase the growth of this segment.
Technology:
• Electrically Powered
• Hybrid Prosthetics
• Body Powered
Based on technology, electrically powered has a leading segment in the prosthetic market. This is owing to the increasing demand for electrically powered devices in the prosthetic market.
End User:
• Prosthetics clinics
• Others
• Hospitals
Based on end-user, the prosthetics clinics segment has the largest market share in the prosthetic market. This is owing to the population's preference for monitoring intrapartum in hospitals and the easy availability of the hospitals to the patients expected to drive the demand for this segment.
Competitive Analysis of Prosthetics Market: Otto Bock, Streifeneder, Fillauer, Ossur, Blatchford, Proteor, Trulife, Ohio Willow Wood, College Park
Get free sample pages of the latest published Prosthetics Market Report: https://www.cognitivemarketresearch.com/prosthetics-market-report
Regional Analysis:
North America accounted for the largest share of the prosthetic market
North America has the largest revenue share in the prosthetic market. This is due to the increasing number of key players and devices available in the region. In addition, high bone disorders prevalence rate such as osteosarcoma is anticipated to drive the growth of the target market in the region.
Prosthetics Market Industry News:
Unlimited Tomorrow has revealed the launch of the Truelimb prosthetic device
In June 2020, Unlimited Tomorrow has announced the launch of the TrueLimb device, a next-generation prosthetic arm, which is available through a completely remote process that amputees can initiate online, broadening access to customized devices.
Browse Here For Full TOC:
Table of Content (Revenue USD Edition), (Enquire about Volume/Consumption Edition Data)
Chapter 1 Industrial Insight and Market Scope
• 1.1 Global Prosthetics Industry Introduction
• 1.2 Objectives of the Study
• 1.3 USP of the Report
• 1.4 Who is this report for?
• 1.5 Designing of Market Scope
1.5.1 Prosthetics Market Segmentation
1.5.1 Prosthetics Market Regional Fragmentation
1.5.1 Prosthetics Market Players
• 1.6 Report Duration
• 1.7 List of Stakeholders
Chapter 2 Research MethodologyReview Complete Research Methodology
Chapter 3 Executive Summary of Prosthetics Market
• 3.1 Global Prosthetics Market Size 2018 - 2030, (USD Million)
• 3.2 Global Prosthetics Value, Absolute & Opportunity Analysis
• 3.3 Global Prosthetics Market Y-o-Y Growth Rate Projection by Region (2023 - 2030)
• 3.4 Global Prosthetics Market Statistics 2022: Snapshot
Chapter 4 Global Prosthetics Market Overview
Chapter 5 Competitive Analysis (Subject to Availability)
Chapter 6 Environmental, Social, and Governance (ESG) Analysis
Chapter 7 Qualitative Analysis
Chapter 8 Company Profiling (Subject to Availability)
Chapter 9 Global Prosthetics Market by Product Segmentation Analysis (2018-2030)
Chapter 10 Global Prosthetics Market by End User Segmentation Analysis (2018-2030)
Chapter 11 Global Prosthetics Market by Design Segmentation Analysis (2018-2030)
Chapter 12 Global Prosthetics Market by Technology Segmentation Analysis (2018-2030)
Chapter 13 Global Prosthetics Market Regional Analysis
Chapter 14 North America Prosthetics Market Outlook (2018 - 2030)
Chapter 15 Europe Prosthetics Market Outlook (2018 - 2030)
Chapter 16 Asia Pacific Prosthetics Market Outlook (2018 - 2030)
Chapter 17 Latin America Prosthetics Market Outlook (2018 - 2030)
Chapter 18 Middle East and Africa Prosthetics Market Outlook (2018 - 2030)
Chapter 19 Research Findings
Customize the Report Edition (Is applicable, On Request, Subject to Data Available, At an Additional Cost)
To know more about The Prosthetics Market TOC click here: https://www.cognitivemarketresearch.com/prosthetics-market-report#table_of_contents
Related Report:
• HIP Replacement Market- https://www.cognitivemarketresearch.com/hip-replacement-market-report
• Prosthetic Liners Market- https://www.cognitivemarketresearch.com/prosthetic-liners-market-report
• Prosthetic Joint Infections Treatment Market- https://www.cognitivemarketresearch.com/prosthetic-joint-infections-treatment-market-report
• Knee Reconstruction Device Market- https://www.cognitivemarketresearch.com/knee-reconstruction-device-market-report
𝐂𝐨𝐧𝐭𝐚𝐜𝐭 𝐔𝐬
Nicolas Shaw
Cognitive Market Research
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About Cognitive Market Research Company :
Cognitive Market Research has evolved as one leading market research and consulting firm and it provides services across multiple domains. Cognitive Market Research gathers and analyzes data about customers, competitors, distributors, and other market actors and forces operational across the value chain. As a market research company, we follow a complete process of gathering information about the target market and end-use industries to verify the complete journey of the product or service in the global market. It helps our readers understand the demand and viability of their product/service and how it might perform in the real world and help them to build business strategies accordingly.
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