Upper Limb Prosthetics Market to Surpass $1.04 Billion by 2030, Driven by Technological Advances

Allied Market Research published a report, titled, "Upper Limb Prosthetics Market by Product Type (Passive Prosthetic Devices, Myoelectric Prosthetic Devices, Body Powered Prosthetic Devices, Hybrid Prosthetic Devices) Component (Prosthetic Wrist, Prosthetic Arm, Prosthetic Elbow, Prosthetic Shoulder, and Others) and End User (Hospitals, Prosthetic Clinics, Others): Global Opportunity Analysis and Industry Forecast, 2021-2030." According to the report, the global upper limb prosthetics industry generated $687.73 million in 2020, and is expected to generate $1.04 billion by 2030, registering a CAGR of 4.2% from 2021 to 2030.

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Prosthetic devices or custom braces are also useful for people with high-complexity injuries such as brachial plexus injuries. It is offered to clients who do not have both upper and lower limbs or who need special professional assistance provided by the Institute's members. The type of prosthetic fitting is determined based on the patient's wishes, lifestyle and professional preferences as well as financial considerations. Every amputee (infant, child, teenager or adult) is evaluated by a health care provider (physical therapists) and a person who sees for prosthetics in the hospital. In addition, plans are made for the placement of a prosthesis or a prosthesis device that best meets the needs of the patient.

Key Benefits for Stakeholders -

• The report provides quantitative analysis of market segments, current trends, strategies and potential of Upper limb prosthetics market research to identify potential Upper limb prosthetics market opportunities in genetics.
• In-depth analysis of this sector helps identify current market opportunities.
• Market analysis and information related to key drivers, restraints and opportunities are provided. • Porter's Five Forces Analysis identifies the capabilities of buyers and suppliers to enable stakeholders to make profitable business decisions and strengthen the network of buyers.
• The largest countries in each region are listed according to their contribution to the global market.
• Focusing on market players makes benchmarking easier and provides a clear understanding of the current market situation.
• The report includes regional and global Upper limb prosthetics market analysis, key players, market segments, application areas and Market growth strategies.

Major market players covered in the report, such as -

• CBPE Capital LLP (Blatchford Limited)
• Coapt LLC.
• Colfax Corporation (DJO, LLC)
• Ossur (College Park Industries)
• Mobius Bionics LLC
• Motorica LLC
• Naked Prosthetics
• Ottobock SE & Co. KGaA
• Protunix
• Steeper Group

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Based on product type, the upper prosthetics market is segmented into passive prostheses, myoelectric prostheses, functional prostheses, and hybrid prostheses. Transverse prosthetics segment dominates the global market in 2020 and is expected to continue this trend during the forecast period due to major factors such as the increasing number of upper limb prosthetic surgeries, increasing patient awareness of prostheses and progress in the field Prosthes.

TABLE OF CONTENT -

CHAPTER 1 - INTRODUCTION:

1.1. Report description
1.2. Key market segments
1.3. List of key players profiled in the report
1.4. Research methodology
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

CHAPTER 2 - EXECUTIVE SUMMARY:

2.1. Key findings of the study
2.2. CXO Perspective

CHAPTER 3 - MARKET OVERVIEW:

3.1. Market Definition and Scope
3.2. Key Findings
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. Market Share Analysis/Top Player Positioning
3.4. Porter's Five Forces Analysis
3.5. Market Dynamics
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities...
3.6. COVID-19 Impact Analysis on the market

Based on its composition, the upper limb prosthetics market is segmented into prosthetic wrist, limb device, prosthetic arm, prosthetic knee, and prosthetic shoulder. The arm prosthesis segment accounts for the largest share of the market, due to the increase in joint diseases in developed and developing countries, increased demand for wrist prostheses, the number of accidents and increase in the geriatric population.

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The Upper limb prosthetics market is expected to witness a significant growth in the coming years. This market has gained interest of the healthcare and medical sectors owing to increased prevalence of hypertension throughout the globe. Furthermore, the global Upper limb prosthetics market is segmented on the basis of product type, end user, and region. leading market players have been introducing various strategies to help enterprises move their on-premise models to on-demand models.

Frequently Asked Questions?

Q1. Which is base year calculated in the Upper Limb Prosthetics market report?

Q2. What are the key trends in the Upper Limb Prosthetics market report?

Q3. What are the market values growth % of region?

Q4. Does the Upper Limb Prosthetics market company is profiled in the report?

Q5. Does the Upper Limb Prosthetics market report provide PORTER Analysis?

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