The upper limb prosthetics market in the U.S. is expected to hold maximum share in the global market. Increased awareness among the population for prostheses, high adoption of technology in the medical sector, and the existence of notable industry players are some prime factors driving the regional industry expansion. Also, significant healthcare expenditure and robust healthcare infrastructure is drawing companies’ attention to expand their business to this region.
Additionally, proliferating bone-related medical concerns such as osteoporosis, osteosarcoma and osteopenia are likely to drive the upper limb prosthetics market growth. Improving life expectancy and a rise in average age are important factors influencing the industry dynamics.
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Myoelectric prosthetic devices are the fastest-growing product-based segment of the global upper limb prosthetics industry. As compared to body-powered prosthetics, myoelectric arms provide a large functional area, greater comfort, more range of motion, and a natural appearance. A high preference for these devices over traditional counterpart should increase industry share from this segment. On the other hand, due to low cost and ease of use, passive prosthetic devices hold the largest share by product.
As trauma cases and subsequent amputation requirements continue to surge, the upper limbs prosthetics industry growth will register sizeable gains in the years to come. Likewise, rising instances of injuries resulting in amputation including road accidents, sports injuries and the like are expected to stimulate market demand.
Vascular diseases and diabetes segment accounted for the largest share in upper limb prosthetics market. For example, the International Diabetes Federation estimates that over 435 million people will be diabetic by 2030. The sector growth can be ascribed to higher susceptibility towards amputation and the delayed healing process in vascular disease and diabetes patients, thereby fueling the upper limb prosthetics market share over the projected timeframe.
As per end-use, prosthetic clinics in the upper limb prosthetics industry held the major share in 2018. The presence of skilled healthcare professionals, advanced facilities, individualized patient care, and high preference among amputee patients are some key factors contributing to the industry share. Whereas, the hospital segment is slated to grow significantly owing to the presence of expensive medical equipment and large infrastructure.
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Partial Chapter of the Table of Content
Chapter 4.Upper Limb Prosthetics Market, By Component
4.1. Key segment trends
4.2. Prosthetic wrist
4.2.1.Market size, by region, 2014 – 2025 (USD Million & Units)
4.3. Prosthetic elbow
4.3.1.Market size, by region, 2014 – 2025 (USD Million & Units)
4.4. Prosthetic shoulder
4.4.1.Market size, by region, 2014 – 2025 (USD Million & Units)
4.5. Prosthetic arm
4.5.1.Market size, by region, 2014 – 2025 (USD Million & Units)
4.6. Terminal devices
4.6.1.Market size, by region, 2014 – 2025 (USD Million & Units)
Chapter 5.Upper Limb Prosthetics Market, By Product
5.1. Key segment trends
5.2. Passive prosthetic devices
5.2.1.Market size, by region, 2014 – 2025 (USD Million & Units)
5.3. Body powered prosthetic devices
5.3.1.Market size, by region, 2014 – 2025 (USD Million & Units)
5.4. Myoelectric prosthetic devices
5.4.1.Market size, by region, 2014 – 2025 (USD Million & Units)
5.5. Hybrid prosthetic devices
5.5.1.Market size, by region, 2014 – 2025 (USD Million & Units)
Chapter 6.Upper Limb Prosthetics Market, By Cause
6.1. Key segment trends
6.2.1.Market size, by region, 2014 – 2025 (USD Million & Units)
6.3. Vascular disease and diabetes
6.3.1.Market size, by region, 2014 – 2025 (USD Million & Units)
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