Upper Limb Prosthetics Market

Upper Limb Prosthetics Market: High Prevalence of Orthopedic Conditions Curtailing Bone Density Renders a Promising Push to Demand Growth: Global Industry Analysis 2013-2017 and Opportunity Assessment 2018-2028

  • 2019-02-25
  • REP-GB-8991
  • 54 Tables
  • 221 Figures
  • 295 pages
  • PDF PPT EXCEL
 Upper Limb Prosthetics Market

An Incisive, In-depth Analysis on the Upper Limb Prosthetics Market

This study offers a comprehensive, 360 degree analysis on the Upper Limb Prosthetics market, bringing to fore insights that can help stakeholders identify the opportunities as well as challenges. It tracks the global Upper Limb 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.

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Road accidents are one of the main causes of bone fracture, and this is expected to be a key factor driving the growth of the upper limb prosthetics market. Rapid modernization and towering sales of high-performance vehicles are factors responsible for an increase in the number of road accidents. Also, rash driving and drunk driving are increasing the number of road accidents all over the world. These factors are expected to contribute to the increased growth of the upper limb prosthetics market.

Moreover, increasing geriatric population is one of the major factors driving the growth of upper limb prosthetics market. Old aged people are more susceptible to orthopedic diseases owing to weakening bones, which is another strong factor encouraging demand for upper limb prosthetics in the global market. According to the latest UN statistics, more than 65% of amputations are performed on people aged 50 years and older. Increasing prevalence of diabetes is also cited as a significant impact factor associated with growing demand for upper limb prosthetics.

Increased Sports and Physical Fitness Activities Supporting Demand Growth  

The focus on physical fitness, leisure sports, and other physical activities such as aerobics and running among others is growing, even among amputees, which has led to an increased demand for upper limb prosthetics. An increasing number of bone injuries directly impacts the demand for new upper limb prosthetics in the market. Development of innovative upper limb prosthetics are enabling amputees to actively participate in fitness and leisure sports, and also to perform their daily activities like grasping, eating, and the like. There are many social programs that are being organized by different social committees that play an important role in encouraging amputees to participate in various sports activities, which has been a significant booster to the sales of upper limb prosthetics.

Increasing Prevalence of Bone Diseases to Propel Demand for Upper Limb Prosthetics

The increasing prevalence of bone diseases such as osteoporosis, osteosarcoma, osteonecrosis, osteopenia, and others is another important factor that is expected to fuel the growth of the upper limb prosthetics market. Some of the other commonplace bone disorders such as hyperparathyroidism, Paget’s disease of the bones, rickets, and osteomalacia and osteogenesis imperfect also affect bone strength severely and may add to the elevating demand for upper limb prosthetics. These diseases substantially decrease bone density and thereby raise the chances of bone fractures. This is expected to increase the demand for upper limb prosthetics.

Technological Advancements Catalyzing Market Growth

With advancements in prosthetic technology, the adoption rate of prosthetic devices is increasing, which is expected to fuel the growth of the upper limb prosthetics market. Advanced technologies have led to an improved lifestyle for upper limb prosthetic users, further increasing the demand in the market. Innovative 3-D printed prosthetic implants are also becoming commonplace in the rapidly evolving market.

Competitive Landscape of the Global Upper Limb Prosthetics Market Report

The report has a section focusing on market competition the profiles the key players operating in the upper limb prosthetics market, based on the product offerings and revenue contribution. Some of the key players featured in this report include Touch Bionics Inc., Fillauer LLC, Endolite India Ltd., Ottobock SE & Co. KGaA, College Park Industries, Steeper Inc., and TRS Inc.

Key manufacturers in upper limb prosthetics landscape are offering a wide range of products. Ottobock SE & Co. KGaA is maintaining the strategic focus on enhancing value proposition of their products. The company is recognized for an advanced medical products portfolio and has been strategizing on patient-centric offerings. Fillauer LLC manufactures more than 3,000 prosthetic products with multiple advanced features that are responsible for allowing movement.

Several key manufacturers of upper limb prosthetics are focusing on the innovation of new products with advanced characteristic features, and provision of rehabilitative services. Some of the leading companies are also involved actively in strategic acquisitions and collaborations targeting introduction of innovative products in the upper limb prosthetics market.

Definition

Upper limb prosthetics are artificial implants that are used to replace a defected body organ or limb. These upper limb prosthetics enhance the lifestyle of an amputee by allowing the person to move properly

There are various factors that are responsible for the loss of a limb:

  • Cancer

  • Trauma

  • Genetic Disorder

  • Injury

  • Infection

Upper limb prosthetics help perform various tasks such as grasping, occupational challenges such as painting, weightlifting, hammering, and activities related to our daily lives such as writing, eating, and dressing.

These upper limb prosthetics are very expensive as they are manufactured according to the size and anatomy of the amputee.

About the Report

The company conducted a research study on the upper limb prosthetics market for the forecast period 2018 to 2028. The report shows a comprehensive evaluation of the business opportunities arising in the upper limb prosthetics market. The report also explains the main dynamics of the upper limb prosthetics market.   

Segmentation

The report offers a comprehensive taxonomy of the upper limb prosthetics market based on product type, component, indication, end user, and region.

Based on product type, the upper limb prosthetics market is segmented into passive upper limb prosthetics, body powdered upper limb prosthetics, myoelectric upper limb prosthetics, and hybrid upper limb prosthetics.

Based on component, the upper limb prosthetics market is segmented into prosthetic wrists, prosthetic elbows, prosthetic shoulders, prosthetic arms, and terminal devices.

Based on indication, the upper limb prosthetics market is segmented into forequarter amputations, shoulder disarticulation, transhumeral disarticulation, elbow disarticulation, transradial disarticulation, wrist disarticulation, and partial hand and fingers amputations.

Based on end user, the upper limb prosthetics market is segmented into hospitals, prosthetic clinics, and rehabilitation centers.

Additional Questions Answered

Some of the additional questions addressed in this report on the upper limb prosthetics market are-

  • What is the revenue potential of the products related to upper limb prosthetics across the regions of North America and Europe?

  • Who are the key competitors and what are their portfolios in the upper limb prosthetics market?

  • What are major challenges influencing the growth of the upper limb prosthetics market?

  • How is intervention from insurance coverage shaping the growth of the upper limb prosthetics market?

Research Methodology

The upper limb prosthetics market has been calculated by studying various market parameters that are primarily based on medical devices. Different strategies adopted by manufacturers of upper limb prosthetics are analyzed. These studies are used to obtain an estimation of the overall market. This information is further validated with rigorous primary and secondary research.

A recent market study published by FMI 'Upper Limb Prosthetics Market: Global Industry Analysis 2013-2017 & Opportunity Assessment 2018-2028', consists of a comprehensive assessment of the most important market dynamics. On conducting a thorough research on the historic as well as current growth parameters of the Upper Limb Prosthetics market, growth prospects of the market are obtained with maximum precision. The report features unique and salient factors that may have a huge impact on the development of the Upper Limb Prosthetics market during the forecast period. It can help market players modify their manufacturing and marketing strategies to envisage maximum growth in the Upper Limb Prosthetics market in the upcoming years. The report provides detailed information about the current and future growth prospects of the Upper Limb Prosthetics market in the most comprehensive way for the better understanding of readers.

Chapter 1 – Executive Summary

The report commences with the executive summary of the Upper Limb Prosthetics market report, which includes the summary of key findings and key statistics of the market. It also includes the market value (US$ million) estimates of the leading segments of the Upper Limb Prosthetics market.

Chapter 2 – Market Overview

Readers can find detailed taxonomy and the definition of the Upper Limb Prosthetics market in this chapter, which helps them understand the basic information about the Upper Limb Prosthetics market dynamics, list of key distributors and suppliers, and list of key market participants.

Chapter 3 – North America Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter includes detailed analysis of the growth of the North American Upper Limb Prosthetics market, along with country-wise assessment including the U.S. and Canada. Readers can also find regional trends, regulations, and market growth based on product type, Components, Indication, end users and country of Upper Limb Prosthetics in the North American region.

Chapter 4 – Latin America Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

Readers can find detailed information about factors such as regional trends that are impacting the growth of the Latin American Upper Limb Prosthetics market. This chapter also includes the growth prospects of the Upper Limb Prosthetics market in leading LATAM countries such as Brazil and the Rest of the Latin America.

Chapter 5 – Europe Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

Important growth prospects of the Upper Limb Prosthetics market based on its product type, Components, Indication and end user in several European countries/regions such as France, UK, Germany, Italy, Spain, Russia, BENELUX and Res of Europe are included in this chapter.

Chapter 6 – East Asia Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

Important growth prospects of the Upper Limb Prosthetics market based on its product type, Components, Indication and end user in several European countries/regions.

Chapter 7 – South Asia Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

Important growth prospects of the Upper Limb Prosthetics market based on its product type, Components, Indication and end user in several European countries/regions.

Chapter 8– Oceania Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

Important growth prospects of the Upper Limb Prosthetics market based on its product type, Components, Indication and end user in several countries/regions such as Australia and New Zealand are included in this chapter.

Chapter 7 – MEA Upper Limb Prosthetics Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

 GCC, Northern Africa, south Africa and Rest of MEA are the leading countries/regions in   the MEA region that are the prime subject of assessment to obtain growth prospects of the APEJ Upper Limb Prosthetics market in this chapter. Readers can find thorough information about the growth parameters of the MEA Upper Limb Prosthetics   market during the period 2013-2028.

 Chapter 8 – China Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter provides information on how the Upper Limb Prosthetics market will grow in China during the period 2013-2028.

Chapter 9 – India Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter provides information on how the Upper Limb Prosthetics market will grow in India during the period 2013-2028.

Chapter 9 – Mexico Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028

This chapter provides information on how the Upper Limb Prosthetics market will grow in major countries/regions in the Mexico

Chapter 10 – Global Upper Limb Prosthetics Market Analysis (2013-2017) & Opportunity Assessment (2018-2028) by Product Type

Based on product type, the Upper Limb Prosthetics market is segmented into Passive upper limb prosthetics, Body Powdered upper limb prosthetics, Myoelectric upper limb prosthetics, Hybrid upper limb Prosthetics

 In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market, and market attractive analysis based on product type and various Upper Limb Prosthetics Products. In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on the product type for each region.

Chapter 11 – Global Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Components

Based on indication, the Upper Limb Prosthetics market is segmented into Prosthetic Wrist, Prosthetic Elbow, Prosthetic Shoulders, Prosthetic Arm and Terminal Devices.

 In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on applications. In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on the applications for each region.

Chapter 12 – Global Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Indication

Based on indication, the Upper Limb Prosthetics market is segmented into Forequarter Amputations Shoulder Disarticulation, Transhumeral  Disarticulation, Elbow Disarticulation,  Transradial Disarticulation , Wrist Disarticulation, Partial Hand and Fingers Amputations. In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on applications. In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on the applications for each region.

Chapter 13 – Global Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by End User

Based on End user, the Upper Limb Prosthetics market is segmented into Hospitals, Prosthetic Clinics and Rehabilitative Centers. In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on applications. In this chapter, readers can find information about key trends and developments in the Upper Limb Prosthetics market and market attractive analysis based on the applications for each region.

Chapter 14 – Global Upper Limb Prosthetics  Market Analysis 2013-2017 & Opportunity Assessment 2018-2028 by Region

This chapter explains how the Upper Limb Prosthetics market will grow across various geographic regions such as North America, Latin America, Europe, East Asia, South Asia, Oceania, and the Middle East & Africa (MEA), China, India and Mexico.

Chapter 15 – Competition Landscape, Company Share, and Company Profiles

In this chapter, readers can find a comprehensive list of all the leading stakeholders in the Upper Limb Prosthetics  market, along with detailed information about each company, including company overview, revenue shares, strategic overview, and recent company developments.

 Market players featured in the report include as Touch Bionics Inc., Fillauer LLC, Endolite India Ltd., Ottobock SE & Co. KGaA, College Park Industries, Steeper Inc., TRS Inc. etc.

Chapter 15 – Assumptions and Acronyms

This chapter includes a list of acronyms and assumptions that provide a base to the information and statistics included in the report.

Chapter 16 – Research Methodology

This chapter helps readers understand the research methodology followed to obtain various conclusions, important qualitative information, and quantitative information about the Upper Limb Prosthetics market.

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Harish Tiwari

Harish Tiwari

Global Head - Business Development

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