Prosthetic Composites Market is Forecasted to Reach US$ 384 million in 2030, Says Stratview Research

The global Prosthetic Composites Market is projected to witness a growth rate of 4.8% annually from 2024 to 2030, with an anticipated size of US$ 384 million in 2030, according to an analysis by Stratview Research.

Stratview Research, a global market research firm has launched a report on the global Prosthetic Composites Market which provides a comprehensive outlook of the global and regional market, industry forecast, current & emerging trends, segment analysis, competitive landscape, & more.

Click here to get a free sample of the report:
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Report Highlights:
Market Size in 2030: US$ 384 million
Growth (CAGR): 4.8% during 2024-2030
Forecast Period: 2024-2030
Trend Period: 2018-2022
Base Year: 2023
Number of Segments Covered: 7
Number of Tables & Graphs: 100+
Country-Level Market Assessment: 20

Segment Insights on the Prosthetic Composites Market:
The global Prosthetic Composites Market is segmented product type, material type, resin type, process type, technology type, end-user type & region

Based on product type: The market is segmented into orthotics, lower limb prosthetics, and others. Lower limb prosthetics are expected to remain the dominant demand-generating application in the market by 2030. Key factors propelling growth: High cases of lower limb amputations, improving healthcare spending across the globe, and higher adoption of composite materials in artificial leg manufacturing.
According to the World Health Organization and other groups monitoring amputation and limb loss, 60 to 100 million people worldwide need a prosthetic limb. This population is expected to double by 2050, driven primarily by the growth in diabetes and vascular disease. Depending on the country and age group, >80% of those needing prostheses involve lower limbs, yet only 5% to 15% of amputees have access to prosthetics.

Based on material type: The market is segmented into nylon composites, cotton composites, carbon fiber composites, and others. Carbon fiber composites are anticipated to remain the fastest-growing fiber type in the market during the forecast period. There has been an incessant increase in the adoption of carbon fiber composites in lower limb prosthetics in the wake of greater performance including excellent strength-to-weight ratio and corrosion resistance over their counterparts. Carbon fiber is used widely across the industry because it is malleable enough to create the unique, tailor-made, and complex structures needed for high-performance prosthetics. Carbon fiber composites are also ideal for producing parts with compound curves and thin walls. Even the most complex prosthetics are made possible with carbon fiber.

Based on resin type: The market is segmented into acrylic composites, vinyl ester composites, epoxy composites, and others. Epoxy composites are expected to mark exceptional growth in the market during the forecast period. Epoxy is highly compatible with carbon fiber, which is rapidly being adopted for composites in prosthetic applications. High specific strength: Carbon/epoxy composite most closely resembles native bone in absolute strength, modulus, and fracture toughness.
Ideal weight distribution: The specific strength of the carbon/epoxy composite is so high that it is possible to produce a prosthesis that has the same strength as a natural leg, but at the same time is up to 60% lighter.
Hygiene: After curing and washing, epoxy resin does not irritate the human skin and is non-allergic. Accidental exposure of the skin to the prosthesis does not cause any harm.

To know the most attractive segments, click here for a free sample of the report:
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Which Region Shows the Most Promising Growth Forecast and Opportunity?
The analysis suggests North America is expected to remain the largest market for prosthetic composites during 2024-2030. This growth outlook is majorly attributed to the following-
• North America has well-formulated healthcare policies regarding prosthetics & orthotics, huge healthcare expenditure, and higher adoption of advanced technology.
• In terms of countries, the USA is expected to remain the largest market, globally.
• According to 'Amputee Coalition Org.', more than 5.6 million people are currently living with limb loss (2.3 million people) or limb difference (3.4 million people) in the USA. Lower limb amputations occur more frequently (~83%) as compared to upper limb amputations (~17%).

Prosthetic Composites Market Drivers:
The Prosthetic Composites Market is driven by several key factors, including:
Advancements in Composite Materials - The use of high-performing composites has significantly improved the durability, lightweight nature, and corrosion resistance of prosthetic devices.
Enhanced Performance in Sports - The adoption of composite-based prosthetics in events like the Paralympics and Olympics highlights their superior functionality.
Evolution of Orthopedic Devices - The orthopedic market has progressed significantly since the late 1980s due to advancements in materials and design.

Top 10 Companies in the Prosthetic Composites Market:
Stratview Research has identified the following companies as the top market players:
• Alchemy Composites
• Blatchford Prosthetics
• Fillauer LLC
• Howard Prosthetics Inc.
• Össur
• Ottobock SE & Co. KGaA
• Steeper Inc.
• WillowWood Global LLC

What Unique Insights Does this Report Offer?
This report provides comprehensive insights into the Prosthetic Composites Market, answering critical questions like:
• How big is the sales opportunity?
• Which regions offer the best sales opportunities?
• Which are the most attractive market segments?
• Which are the top players and their market positioning?
• How complex is the business environment?
• What are the factors affecting the market?

For Customization or Any Other Queries, Get in Touch with Our Industry Experts at - sales@stratviewresearch.com

Related Reports:
• Orthopedic Prosthetic Implants Market: https://www.stratviewresearch.com/2275/Orthopedic-Prosthetic-Implants-Market.html
• Prosthetic Composites Market: https://www.stratviewresearch.com/3871/prosthetic-composites-market.html

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Stratview Research is a global market research firm that highly specializes in aerospace & defense, chemicals, and a few other industries.
It launches a limited number of reports annually on the above-mentioned specializations. Thorough analysis and accurate forecasts in this report enable the readers to take convincing business decisions.
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