Carbon Fibre Composites for Prosthetics Market: APAC to Emerge as a Lucrative Regional Market for Manufacturers During the Forecast Period: Global Industry Analysis (2013 -2017) & Opportunity Assessment (2018 - 2028)

  • Published: 2018-03-28
  • Report Code: REP-GB-6479

An Incisive, In-depth Analysis on the Carbon Fibre Composites Prosthetics Market

This study offers a comprehensive, 360 degree analysis on the Carbon Fibre Composites Prosthetics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Carbon Fibre Composites Prosthetics market across key regions, and offers in-depth commentary and accurate quantitative insights. The study also includes incisive competitive landscape analysis, and provides key recommendations to market players on winning imperatives and successful strategies.

Electronic prostheses have several advantages over conventional devices. Relatively less muscle strength is necessary for the functioning of an electronic prosthesis. Electric powered prostheses powered by a muscle twitch require minimal strength to operate. These equipment also tend to be more comfortable. Electronic arm prostheses do not need a harness to keep them in place like conventional devices do. Unlike body-powered prostheses, electronic arm devices can also be operated with the shoulder in countless positions, allowing the artificial hand to be used overhead or in other directions away from the body. To deliver such functions, carbon fibre composite is used, which reduces the weight of the arm and leg, provides resistance to corrosion and is non- toxic. These features are leading to an increase in the adoption of carbon fibre composites for electric powered prosthetic devices.

North America to soar high in the global market with the highest usage

In the U.S, the maximum of amputations occurring are for lower extremity prosthetics, which is resulting in an increase in the consumption of carbon fibre composites for lower extremity prosthetics. Individuals are more concerned about the lower extremity prosthetics device in comparison to the upper extremity prosthetics devices. According to the Amputee Collation statics, around 65% of the amputations are for the lower limb. Prosthetics manufacturing companies are offering more number of carbon fibre composite based products for lower extremity prosthetics. Össur, Ottobock, Hanger Inc., The Ohio Willow Wood Co., and Allard USA Inc. are some of the companies, among others, which offer carbon fibre composite based lower extremity prosthetics. As a result, the adoption of carbon fibre composites for prosthetics is also growing in North America, thus supporting revenue growth of the market.

Europe fast catching up with North America with growing focus on functional needs

A broad variety of prosthetics are available to patients depending on their individual functional needs. Prosthetic limbs are custom made to fit the user’s body and are designed with precise functional needs and goals in mind. These comprise specially designed sport exact prosthetics for leisure sports and conditioning, such as aerobics and running. Flex-Run with Nike Sole offers unmatched performance and effectiveness for amputees and prosthetics. Össur and Nike have partnered for designing the ideal running foot from the ground level, leveraging Össur’s unparalleled expertise in running prosthetics with Nike’s world celebrated traction and sole technologies. Cheetah Xtreme built by Össur is designed specifically for fast, short-distance sprints and the carbon blade features a more extreme curve than other Cheetahs. This dynamic shape allows the foot to flex more, thereby offering a powerful energy kick. These factors are expected to support the growth of the market in Europe in the long run.

Moreover, growing investments by companies in the region is also expected to bode well for the growth of the market. Companies are incessantly investing in the research and development of carbon fibre composties for prosthetics products for catering to the growing needs of the people who are suffering from the loss of a limb, hand, or leg in the region.

Global Chemicals and Materials Industry Outlook

Recycle and reuse practices are impacting the sales of virgin materials, resulting into lesser dependency on volume-driven growth. New materials are showcasing potential for driving value-based growth, but chemical companies are still some time away from achieving voluminous production, while maintaining high quality at the same time. Barring few exceptions, a majority of players are still prioritizing short-term volume growth over long-term value growth. Pressure on improving bottom-line is influencing manufacturers to improve efficiency and reduce operational costs. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favour of a balanced approach between value and volume.

Manufacturers are under increasing pressure to incorporate digital solutions in their offerings. Forward-thinking manufacturers are investing in technology to reduce human interference and streamline key operational aspects such as ordering and shipping. Resonating its influence over every industry, Internet of Things (IoT) has the potential to transform and disrupt the chemical sector. Connectivity through IoT devices is gaining traction, whereas product-level sensors on dispensing equipment and barrels are helping manufacturers track their consignments digitally. Through assessment of long-term benefits, chemical companies are capitalizing on digitization by adopting digital platforms & processes that eliminate human error in profit-associated operations.

Manufacturers continue seeking low-priced feedstock in a bid to marginally reduce pre-production costs. Industry leaders are joining forces to replace fossil fuel-derived feedstock with bio-based alternatives. However, concerns related to producing affordable and sustainable feedstock at mass scale remains a challenge. Access to quality and affordable feedstock will continue to remain a focus area for manufacturers. Chemical manufacturing processes are running on limited energy, while volume of feedstock is getting stranded at ports as disapproval from import authorities keeps disrupting supply chains in sectors, such as oleochemicals and petrochemicals industries.

Chemical manufacturers have promised support and adherence to governments & regional authorities that are committing towards green, sustainable initiatives. Development of bio-alternatives is gaining momentum. Research & academic institutes are teaming up with manufacturers to formulate sustainable substitutes for commonly-used chemical substrates. Many companies are keeping a close eye on advancements in “green chemistry.” Shift towards eco-friendly chemicals will gain momentum in the future on the back of government regulations and end-user preference. Rising costs of fossil fuels will also instrument the upsurge for sustainable chemicals manufacturing.

List of factors tracked in the Chemicals and Materials Market Report

  • Chemical Industry Value Add

  • Chemical Sales

  • Per Capita Consumption

  • Standard Capacity Factors

  • Plastics Consumption Outlook

  • Glass Consumption Outlook

  • Policies and Regulations

  • Historical growth of top players

  • Growth in associated markets

  • Net trade scenario

  • Apparent production capacity

Research Methodology

FMI utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any. In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

FMI collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, FMI validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary

  • Market Definition

  • Macro-economic analysis

  • Parent Market Analysis

  • Market Overview

  • Forecast Factors

  • Segmental Analysis and Forecast

  • Regional Analysis

  • Competition Analysis

Target Audience

  • Production Companies

  • Suppliers

  • Channel Partners

  • Marketing Authorities

  • Subject Matter Experts

  • Research Institutions

  • Financial Institutions

  • Market Consultants

  • Government Authorities

Market Taxonomy

The global carbon fibre composites for prosthetics market has been segmented into:

Product

Technology

Region

  • Upper Extremity Prosthetics

  • Lower Extremity Prosthetics

  • Socket       

  • Modular Components

  • Conventional

  • Electric Powered

  • Hybrid Orthopaedic Prosthetics

  • North America

  • Europe

  • APAC

  • LAMEA

Carbon Fibre Composites Prosthetics Market Reports - Table of Contents

Carbon Fibre Composites Prosthetics Market Reports - List of Tables

Table 01: Global Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Product Type

Table 02: Global Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Technology, 2013 – 2028

Table 03: Global Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Region, 2013 – 2028

Table 04: North America Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Country,

Table 05: North America Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Product Type,

Table 06: North America Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Technology, 2013 – 2028

Table 07: Europe Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Country,

Table 08: Europe Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Product Type,

Table 09: Europe Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Technology, 2013 – 2028

Table 10: Asia Pacific Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Country,

Table 11: Asia Pacific Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Product Type

Table 12: Asia Pacific Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Technology, 2013 – 2028

Table 13: LAMEA Carbon Fibre Composites for Prosthetics Market Size (US$ Mn) and Volume (Tons) Forecast by Country,

Table 14: LAMEA Carbon Fibre Composites for Prosthetics Market Size (US$ Thousand) and Volume (Tons) Forecast by Product Type

Table 15: LAMEA Carbon Fibre Composites for Prosthetics Market Size (US$ Thousand) and Volume (Tons) Forecast by Technology, 2013 – 2028

Carbon Fibre Composites Prosthetics Market Reports - List of Figures

Figure 1: Global Macro-economic Factors Annual Growth (%) Vs. Global Carbon Fibre Composites for Prosthetics Market Growth

Figure 2: Global FDI Investment Attractiveness Analysis, 2014

Figure 3: Global Carbon Fibre Composite Demand, By Region, 2016

Figure 4: Global Carbon Fibre Composite Demand, By Application, 2016

Figure 5: Global Carbon Fibre Composites for Prosthetics Market Historical Volume (Tons), 2013 – 2017

Figure 6: Global Carbon Fibre Composites for Prosthetics Market Volume (Tons) Forecast, 2018 – 2028

Figure 7: Global Carbon Fibre Composites for Prosthetics Market Historical Value (US$ Mn), 2013 – 2017

Figure 8: Global Carbon Fibre Composites for Prosthetics Market Value (US$ Mn) Forecast, 2017 – 2028

Figure 9: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Mn), 2018 – 2028

Figure 10: Manufacturing Process of PAN Type Carbon Fibre

Figure 11: Global Carbon Fibre Demand, 2012-2016

Figure 12: Global Carbon Fibre Demand by Region, 2016

Figure 13: Global Carbon Fibre Demand, By Application, 2016

Figure 14: Global Carbon Fibre Production capacity, By Company, 2016 

Figure 15: Global Carbon Fibre Production capacity, By Region, 2016 

Figure 16: Carbon Fibre Cost Breakdown

Figure 17: Global Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Product Type – 2013, 2018 & 2028

Figure 18: Global Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Product Type, 2018 – 2028

Figure 19: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), - Upper Extremity Prosthetics 2018 – 2028

Figure 20: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), - Lower Extremity Prosthetics 2018 – 2028

Figure 21: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), - Sockets, 2018 – 2028

Figure 22: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), - Modular Components 2018 – 2028

Figure 23: Global Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Product Type, 2018 – 2028

Figure 24: Global Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Technology – 2013, 2018 & 2028

Figure 25: Global Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Technology, 2018 – 2028

Figure 26: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), by Conventional Technology, 2018 – 2028

Figure 27: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), by Electric powered Technology, 2018 – 2028

Figure 28: Global Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), by Hybrid Orthopedic Prosthetics, 2018 – 2028

Figure 29: Global Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Technology, 2018 – 2028

Figure 30: Global Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Region – 2013, 2018 & 2028

Figure 31: Global Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Region, 2018 – 2028

Figure 32: North America Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 33: Asia Pacific Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 34: Europe Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 35: LAMEA Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 36: Global Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Region, 2018 – 2028

Figure 37: North America Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 38: North America Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Country, 2018 – 2028

Figure 39: U.S. Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 40: Canada Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 41: North America Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Country, 2018 – 2028

Figure 42: North America Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Product Type – 2013, 2018 & 2028

Figure 43: North America Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Product Type, 2018 – 2028

Figure 44: North America Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Product Type, 2018 – 2028

Figure 45: North America Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Technology – 2013, 2018 & 2028

Figure 46: North America Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Technology, 2018 – 2028

Figure 47: North America Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Technology, 2018 – 2028

Figure 48: Europe Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 49: Europe Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Country, 2018 – 2028

Figure 50: Germany Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 51: France Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 52: U.K. Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 53: Italy Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 54: Rest of Europe Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 55: Europe Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Country, 2018 – 2028

Figure 56: Europe Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Product Type – 2013, 2018 & 2028

Figure 57: Europe Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Product Type, 2018 – 2028

Figure 58: Europe Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Product Type , 2018 – 2028

Figure 59: Europe Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Technology – 2013, 2018 & 2028

Figure 60: Europe Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Technology, 2018 – 2028

Figure 61: Europe Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Technology, 2018 – 2028

Figure 62: Asia Pacific Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 63: Asia Pacific Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Country, 2018 – 2028

Figure 64: China Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 65: Japan Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 66: ANZ Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 67: Rest of APAC Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 68: Asia Pacific Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Country, 2018 – 2028

Figure 69: Asia Pacific Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Product Type – 2013, 2018 & 2028

Figure 70: Asia Pacific Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Product Type, 2018 – 2028

Figure 71: Asia Pacific Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Product Type, 2018 – 2028

Figure 72: Asia Pacific Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Technology – 2013, 2018 & 2028

Figure 73: Asia Pacific Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Technology, 2018 – 2028

Figure 74: Asia Pacific Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Technology, 2018 – 2028

Figure 75: LAMEA Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Country– 2013, 2018 & 2028

Figure 76: LAMEA Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Country, 2018 – 2028

Figure 77: Latin America Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 78: MEA Carbon Fibre Composites for Prosthetics Market Absolute $ Opportunity (US$ Thousand), 2018 – 2028

Figure 79: LAMEA Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Country, 2018 – 2028

Figure 80: LAMEA Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Product Type – 2013, 2018 & 2028

Figure 81: LAMEA Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Product Type, 2018 – 2028

Figure 82: LAMEA Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Product Type, 2018 – 2028

Figure 83: LAMEA Carbon Fibre Composites for Prosthetics Market Share and BPS Analysis by Technology – 2013, 2018 & 2028

Figure 84: LAMEA Carbon Fibre Composites for Prosthetics Market Y-o-Y Growth Projections by Technology, 2018 – 2028

Figure 85: LAMEA Carbon Fibre Composites for Prosthetics Market Attractiveness Index by Technology, 2018 – 2028

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