Artificial Limbs Market - Global Industry Analysis, Size, Share by 2024
Get accurate market forecast and analysis on the Artificial Limbs Market. Request a sample to stay abreast on the key trends impacting this market @
Technological developments such as computer-aided design and computer-aided manufacturing (CAD/CAM) technology that allow manufacturers to develop limbs as per the individual requirements have fueled the global market of artificial limbs. Mechanical devices have been used to provide assistance to persons with amputation in performing normal functions. There are certain limitations of mechanical devices although they provide certain degree of improvement to amputees. According to National Center for Biotechnology Information, it is estimated that 158,000 people undergo amputation in the U.S. every year, and the overall number of amputations being performed every year is increasing. Loss of a limb causes severe disturbance in locomotive function. However, prosthetic rehabilitation has the potential to restore function in order to improve quality of life and is associated with a greater likelihood of returning to employment.
The global artificial limbs market has a significant growth rate due to rapid rise in geriatric population and increase in incidence of road accidents and technological developments. According to the United Nations Population Division 2013, the global geriatric population is expected to more than double in the next two decades, which is from 841 million in 2013 to 2 billion by 2050. About 14% of the global geriatric population in 2013 was above the age of 80 years, and it is projected that the percentage is likely to reach up to 19% by 2050. Therefore, consistent increase in the geriatric population across the world is expected to boost the growth of the artificial limbs market. In addition, the increasing number of road injuries is one of the major factors driving the growth of the market.
According to the World Health Organization, the major cause of death of people aged between 15 and 29 years is road accident. It is estimated that more than 85% of the world’s accidents on the roads occur in low and middle income countries, whereas the number of vehicles in these countries is approximately half of the world's vehicles. Technological development such as digital artificial limbs which stores critical data related to the movement and integrated circuits which help to derive movements through electrical impulses of the body and continuous R&D initiatives for the development of computerized limbs working through utilization of brain’s neuronal impulses for assisting direct movements are anticipated to further drive the growth of the market in the near future.
View Report @ http://www.transparencymarketresearch.com/artificial-limbs-market.html
The artificial limbs market can be segmented into limbs type, technology, and region. Based on the limbs type, the market is categorized into artificial knee, artificial hip, artificial elbow, artificial shoulder, artificial arm, and artificial leg. Based on the technology, the market is categorized into body powered arms, myoelectrics, and robotic limbs. On the basis of geography, the market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Geographically, North America dominates the global artificial limbs market in terms of revenue, followed by Europe. The market dominance of these two regions is due to increase in geriatric population, high adoption of premium priced innovative prosthetic devices, and rise in incidence of road accidents. Emerging markets in Asia Pacific hold immense growth potential due to factors such as rising geriatric population, increasing government initiatives, and growing health care infrastructure. Moreover, adoption of new and sophisticated technologies, advances in diagnostic technologies, and increase in partnership of governments with private players and clinical laboratories are likely to propel the growth of the market in this region during the forecast period.
Key players operating in the global artificial limbs market are DePuy, Inc., Biomet, Inc., Zimmer Holdings Inc., Smith and Nephew plc, and Stryker Corporation.
Transparency Market Research (TMR) is a global market intelligence company providing business information reports and services. The company’s exclusive blend of quantitative forecasting and trend analysis provides forward-looking insight for thousands of decision makers. TMR’s experienced team of analysts, researchers, and consultants use proprietary data sources and various tools and techniques to gather and analyze information.
Transparency Market Research
90 State Street,
NY – 12207
USA – Canada Toll Free 866-552-3453
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Artificial Limbs Market - Global Industry Analysis, Size, Share by 2024 here
News-ID: 566485 • Views: 258
More Releases from Transparency Market Research
Voltage Detectors Market – Evolving Technology Trends and Industry SWOT Analys …
The global voltage detectors market includes large number of players. Some of the key players are Texas Instruments, Toshiba, ROHM Semiconductor Sharp Microelectronics, Analog Devices Inc., STMicroelectronics, ON Semiconductor, Torex Semiconductor, Taiwan Semiconductor and Seiko Instruments. Browse Our Report @ https://www.transparencymarketresearch.com/voltage-detectors-market.html Voltage Detector is a testing equipment generally used to determine the existence or absence of an electrical charge in an object. It is highly suggested for conditions where power issues exist.
Switched Capacitor Filters Market : Key Segments, Maket Insights, Regional Outlo …
Major players in the global switched capacitor filters market are Texas Instruments Incorporated, Analog Devices, Inc., Maxim Integrated, Inc., Siemens AG, Eaton Corporation, and among others. Browse Our Report @ https://www.transparencymarketresearch.com/switched-capacitor-filters-market.html A switched capacitor filter is an active filter based on the consideration that a switching of capacitors between two circuit nodes at an adequately high rate that is equivalent to a resistor connecting these two nodes. The switched capacitor filters are
Current Calibrator Market : Recent Industry Developments And Growth Strategies A …
Key players operating in the global current calibrator market include Valhalla Scientific, Rotek Inc., Time Electronics, PCE Instruments, Martel Electronics, AOIP Instrumentation, Extech Instruments, Yogokawa Test & Measurement Corporation, Extech Instruments, REED Instruments, Fluke Corporation, and others. These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the
Damp Meter Market – Outlook by Responsible Drivers, Restraints, Demand
Key players operating in the global damp meter market include PCE Instrument, Delmhorst Instrument Co., GENERAL TOOLS & INSTRUMENTS LLC, FLIR Systems, Inc. designs, Panomex Inc., These players are actively focusing on organic and inorganic growth strategies in order to gain a competitive advantage in the market. Some of the important strategies adopted by the leading players in the global market are collaborations, partnerships, agreements, and new product launches. The
More Releases for Artificial
Artificial Turf Market – Global Need Assumptions 2025 | Artificial Lawn, Grass …
Global Artificial Turf Market: Snapshot Growth opportunities abound in the global market for artificial turf as residential and commercial property owners increasingly focus on ways of keeping lawns green even during the rising incidences of draughts across the globe. Along with providing an easy way of conserving the water otherwise spent on keeping natural grass alive, artificial grass, or artificial turf as it is often referred to, helps eliminate the need
Artificial Blood Market Development
Artificial Blood Market Potential According to the World Health Organization (WHO), there are around 50,000 stem cell transplantations performed annually worldwide, which include 2,000 cord blood hematopoietic stem cell transplants performed each year. Use of stem cells from cord blood is increasing, as it does not require perfect human leukocyte antigen (HLA) tissue matching, can be used allogenically, and has less incidence of graft v/s host disease. According to the New
Artificial intelligence for industrial microbiology
Munich, Germany, November 23, 2017 - vermicon AG, the specialist for microbiological solutions, is launching the new Scan VIT® system for analysis of microorganisms. It is able to quantify and specifically identify single cells directly and without time-consuming enrichment steps. A fully automated analysis evaluation is provided by the intelligent VIT® Vision software, which is the centerpiece of the new, patented technology. In contrast to conventional rapid test methods, the
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells. For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard
Artificial Blood Market
Artificial blood is an artificially developed substitute for red blood cells. For decades, scientists have been trying to develop artificial blood from various sources and through different methods to address the shortage of blood for transfusions. Inadequate number of blood donors and the criticality of blood-type rejection have encouraged researchers to develop artificial blood, thus reducing the dependency on blood donors. Transfusion of red blood cells (RBCs) is a standard and
Global Artificial Intelligence Market
According to a new report, Global Artificial Intelligence Market (2016-2022), published by KBV Research, the global artificial intelligence market is estimated to reach USD 16,274.0 Million by 2022, at a CAGR of 44.5% from 2016 to 2022. The North America market dominated the Global Artificial Intelligence Market in 2015, and would continue to be a dominant market till 2022; thereby growing at a CAGR of 42.7% during the forecast period.