Prosthetic in Upper Limb Market - Trends Forecast Till 2028

Prosthetic in Upper Limb Market, By Amputation Levels (Shoulder Disarticulation, Forequarter, Transhumeral (AE), Transradial (BE), Wrist Disarticulation, Partial Hand Fingers, Humeral Neck, Glenohumeral, Elbow Disarticulation, Others), Phase (Preprosthetic Phase, Interim Phase, Advanced Prosthetic Phase), Prosthetic Design (Passive/Cosmetic Restoration, Mechanical, Myoelectric, Task Specific Prosthesis), Component(Socket, Harness, Elbow System, Wrist Units, Terminal Devices, Shoulder Joints, Others), End User (Hospitals, Clinics, Others), Distribution Channel (Orthopedic Clinics, Hospitals & Surgical Centers, Others), Geography (North America, Europe, Asia-Pacific, Middle East and Africa and South America)

Published Date: September, 2020

Base Year Estimate: 2019

Report ID: D-HC-PIULM-50

Format:  

Number of Pages: 311

Domain: Healthcare

Prosthetic in Upper Limb Market – Trends Forecast Till 2028

Global prosthetic in upper limb market is anticipated to reach USD 298.4 million by 2020 growing at a CAGR of 5.3% during the forecasting period, 2020-2028. Prosthetics in the upper limb is putting an artificial device that substitutes for a missing part of the body. Upper limb prostheses can be applied anywhere from the shoulder joint through the fingers, including the fingers, the hand, the wrist, the forearm, the elbow, the upper arm, and the shoulder. Factors such as the rising prevalence of bone infection in the elderly population, osteoporosis, and rising incidence of road accidents are some of the major drivers for prosthetics in the upper limb market

Prosthetic in Upper Limb Market – Trends Forecast Till 2028

Global prosthetics in the upper limb market is segmented into amputation levels, phase, prosthetic design, component, end-user, distribution channel, and geography.

Amputation Levels segment is segmented into Shoulder Disarticulation, Forequarter, Transhumeral (AE), Transradial (BE), Wrist Disarticulation, Partial Hand Fingers, Humeral Neck, Glenohumeral, Elbow Disarticulation, and Others

Phase segment is segmented into Preprosthetic Phase, Interim Phase, and Advanced Prosthetic Phase

The prosthetic Design segment is segmented into Passive/Cosmetic Restoration, Mechanical, Myoelectric, and Task-Specific Prosthesis. Task-Specific Prosthesis segment is further segmented on the basis of application into Hunting, Bicycle Riding, Golfing, Swimming, Others. Myoelectric is further segmented into Hand Prosthetic, Elbow Prosthetic, Hand Feature, Greifer, Hook, Prosthetic Gloves, and Forearm Amputees. The mechanical segment is further segmented into above elbow and below elbow. Passive/Cosmetic Restoration is further segmented on the basis of material into Flexible Latex, Rigid PVC, and Silicone.

The component segment is segmented into Socket, Harness, Elbow System, Wrist Units, Terminal Devices, Shoulder Joints, and Others. The terminal devices segment is further segmented into Hooks and Hands.

The end-User segment is segmented into Hospitals, Clinics, and Others

Distribution Channel segment is segmented into Orthopedic Clinics, Hospitals & Surgical Centers and Others

Geographically, global prosthetics in the upper limb market is sub-segmented into North America, Europe, Asia-Pacific, Middle East and Africa and South America and insights are provided for each region and major countries within the regions 

North America region is the largest contributor to the prosthetic in upper limb market in the forecast period 2020-2028 and the Asia-Pacific region is expected to grow with the highest CAGR during the forecast period 2020-2028.

Key players in global prosthetics in the upper limb market are Ossur, Fillauer LLC, Endolite India Ltd., Ottobock, Integra Lifesciences, DePuy Synthes, DJO Global, AC Mould, ARM Dynamics, FLA Orthopedics, BSN Medical, Alimco, Coapt LLC, Kingsley Orthotic & Prosthetic Supply, Naked Prosthetics, SteeperUSA, Texas Assisstive Devices LLC, Human Technology Inc., Roland Toogood, Steeper Inc., Touch Bionics Inc., among others

The companies have come up with various promotional activities in from of launch, investment, acquisition, and other, for instance:

  • In 2016, Ossur has announced to acquire Touch Bionics Limited which is engaged in providing innovative upper limb prostheses and supporting services. 
  • In 2017, DJO Global has announced the launch of the AltiVate Anatomic Shoulder System which has features like has a short, bone-sparing humeral stem anatomically designed through morphologically-based fit analysis for optimizing the metaphyseal fit and stability.

Hence, tremendous progress has been made over the last decade and yet a lot more to come in recent years.

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In addition to the market data for prosthetics in the upper limb market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement.

Research Methodology

Secondary Research

This research method involved the usage of extensive secondary sources (such as directories and databases)—Hoovers, Avention, annual reports, investor presentation, a conference like Jefferies conference)—to identify and collect information useful for this study of the prosthetic in the upper limb market. The purpose of secondary research is to identify and collection of extensive, technical, market-oriented, and commercial studies of the global prosthetic in the upper limb market. Through secondary, the market is classified and segmented as per of industry trend, development, regional market. Product and technology development. 

Primary Research

The primary sources mainly included several industry experts from the core and related industries and suppliers, manufacturers, distributors, alliances, and organizations related to all segments of this industry’s supply chain. In-depth interviews were conducted with various primary respondents—including key industry participants, subject matter experts (SMEs), C-level executives of key market players, and industry consultants, among other experts—to obtain and verify critical qualitative and quantitative information as well as to assess future prospects. The following figure depicts the market research methodology used in drafting this report on the prosthetics in the upper limb market.

The primary respondent breakdown is provided below:

Prosthetic in Upper Limb Market – Trends Forecast Till 2028

Market Sizing

Top-down and bottom approaches were used to derive the market estimate and validate the total revenue of the prosthetic in the upper limb market. This approach has also been used to derive the market for segmentation and sub-segmentation. 

Data Validation

Impact analysis has been conducted for deriving the market size. After collecting the in-depth quantitative and qualitative data, we contact the primary respondents in order to gain a 98.8% of confidence level on our data.

The data validation involves the primary research from the industry experts belonging to:

  • Leading Companies
  • Suppliers & Distributors
  • Manufacturers
  • Consumers
  • Industry/Strategic Consultants 

Reasons to Acquire

  • Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends, and factors
  • Gain authentic and granular data access for prosthetics in the upper limb market so as to understand the trends and the factors involved behind changing market situations
  • Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
  • In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope

 

Report Features

Description

Market Revenue In 2020

USD 298.4 million

Growth Rate

CAGR of 5.3% during the forecasting period, 2020-2028

Historical Data

2017-2018

Forecast Years

2020-2028

Base Year 

2019

Units Considered

Revenue in USD million and CAGR from 2020 to 2028

Report Segmentation

Amputation Levels, Phase, Prosthetic Design, Component, End User, Distribution Channel, and Geography

Report Attribute

Market Revenue Sizing (Global, Regional and Country Level) Company Share Analysis, Market Dynamics, Company Profiling

Regional Level Scope

North America, Europe, Asia-Pacific, South America, and the Middle East and Africa

Country Level Scope

U.S., Japan, Germany, U.K., China, India, Brazil, UAE, South Africa (50+ Countries Across the Globe)

Companies Profiled

Ossur, Fillauer LLC, Endolite India Ltd., Ottobock, Integra Lifesciences, DePuy Synthes, DJO Global, AC Mould, ARM Dynamics, FLA Orthopedics, BSN Medical, Alimco, Coapt LLC, Kingsley Orthotic & Prosthetic Supply, Naked Prosthetics, SteeperUSA, Texas Assisstive Devices LLC, Human Technology Inc., Roland Toogood, Steeper Inc., Touch Bionics Inc., among others

Available Customization 

In addition to the market data for prosthetics in the upper limb market, Delvens. offers client-centric reports and customized according to the company’s specific demand and requirement.

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