Artificial Limbs Market | Trends, outlook and Opportunity Analysis 2025
The global artificial limbs market is expected to reach US$2,869.3 mn by the end of 2025, from US$1,750.0 mn in 2016. If these figures hold true, the global artificial limbs market will show a CAGR of 5.7% between 2017 and 2025. In terms of technology, the global artificial limbs market is led by the electrically powered/ myoelectric prosthetics segments, which held a share of nearly 41.7% in 2016. Regionally, North America emerged dominant on account of the rising incidence of vascular diseases witnessed in the region. Throughout the report’s forecast period, the market is expected to stay the lead.
Request to download and view full ToC -
Higher Investment toward Research and Development of Advanced Prosthetics Stokes Growth
Among the factors enabling growth in the global artificial limbs market, the rising military combats, prevalence of vascular diseases such as atherosclerosis and diabetes foot syndrome are the most crucial. Furthermore, industrial accidents may result in amputation. On account of incidents such as this, it is likely that the demand for artificial limbs may rise. Considering the rise in the demand for artificial limbs, several private and public players are impelled to invest more on research and development. As a result of the prevailing trend, remarkable advancements are noticed in the prosthetic and orthotic technology. For instance, similar efforts have led to the launch of the next generation prosthetic, which has artificial limbs with nearly or more than 25 joints. Furthermore, technological advancements have enabled amputee to control prosthetic movements by his mind like the way a human limb functions. Such advances are expected to help the market grow in the coming years.
Also, in order to cater to the specific individual needs, manufacturers have started offering customized prosthetic devices. These devices can offer greater functionality and are made especially to fit the user’s body perfectly. The demand for customized prosthetics is rising among people involved in sports or leisure activities, this in turn is giving impetus to the overall artificial limbs market. On the back of these factors, the global artificial limbs market is expected to continue exhibiting strong growth through the course of the forecast period.
Request to view Sample Report -
Limited Penetration across Emerging and Underdeveloped Nations a Major Cause of Concern
Despite aforementioned drivers, the market will continue reeling under the influence of a few restraints. For instance, uncertain reimbursement policies across certain developing and underdeveloped regions may limit the market’s trajectory to an extent. Besides this, the high cost development and prosthetic and limited surgical expertise could hamper the market’s growth. It is important to note in this regard, medical bionics is yet to become widespread across emerging markets. However, experts have suggested it is important for established players as well as new entrants to consider the GDP growth across these countries. Factors such as easy product approval, low penetration rates, and increasing procedural volumes could make emerging economies more lucrative than developed nations.
Artificial Limbs Market Report is available @ US$ 5795
Transparency Market Research (TMR) is a market intelligence company, providing global business information reports and services. Our exclusive blend of quantitative forecasting and trends 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. Our business offerings represent the latest and the most reliable information indispensable for businesses to sustain a competitive edge.
Each TMR syndicated research report covers a different sector – such as pharmaceuticals, chemicals, energy, food & beverages, semiconductors, med-devices, consumer goods and technology. These reports provide in-depth analysis and deep segmentation to possible micro levels. With wider scope and stratified research methodology, TMR’s syndicated reports strive to provide clients to serve their overall research requirement.
US Office Contact
90 State Street, Suite 700
Albany, 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 | Trends, outlook and Opportunity Analysis 2025 here
News-ID: 714143 • Views: 93
More Releases from Transparency Market Research
Water Purifier Market - Competitive Dynamics, Trends, Forecast 2027
Transparency Market Research delivers key insights on the global water purifier market. In terms of revenue, the global water purifier market is estimated to expand at a CAGR of ~ 9% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the water purifier market report. Browse Report Details: https://www.transparencymarketresearch.com/water-purifier-market-2017-2025.html Water purifiers help in removing bacterial contaminants and viruses from water and make it safe
Sheet Face Masks Market Leading Vendors: Sephora Inc. Boss Biological Technique …
The Sheet face masks market promises robust growth during 2018-2026, thanks to rising demand for sheet face mask products. Growing demand for personal hygiene products, and beautification products are expected to drive significant growth. The rising demand for natural ingredients in sheet face masks products is expected to emerge as the largest trend in the market. Browse Report Details: https://www.transparencymarketresearch.com/sheet-face-masks-market.html Sheet face masks are often associated with a certain prestige and rejuvenating
Global Nail Care Market to Reach US$ 20,940.2 Mn by 2027
According to a new research report published by Transparency Market Research titled ‘Nail Care Market – Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2019–2027,’ the global nail care market is expected to reach a value of US$ 20,940.2 Mn by 2027, expanding at a CAGR of 8.4% from 2019 to 2027. In terms of volume, the market is expected to reach 1,494.2 Mn units by 2027, expanding at
Industrial Dispensing System and Equipment Market to Reach ~ US$ 16.7 Bn by 2027
Transparency Market Research delivers key insights on the global industrial dispensing system and equipment market. In terms of revenue, the global industrial dispensing system and equipment market is estimated to expand at a CAGR of ~ 6% during the forecast period, owing to numerous factors, regarding which, TMR offers thorough insights and forecasts in the industrial dispensing system and equipment market report. Browse Report Details: https://www.transparencymarketresearch.com/industrial-dispensing-system-equipment-market.html Industrial dispensing systems and equipment are
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.