Upper Limb Prosthetics Market, By Device Type (Body Powered, Passive, Hybrid, and Myoelectric), By Component (Prosthetic Elbow, Prosthetic Wrist, Prosthetic Arm, Prosthetic Shoulder, and Others), By End-User (Hospitals, Prosthetic Clinics, and Others), and By Geography (North America, Europe, Asia-Pacific, Middle East and Africa, and South America) - Size, Share, Outlook, and Opportunity Analysis, 2022 - 2028

Published In : Oct 2022

Code : CMI5273

Pages :172

Formats :

Excel and PDF

Industry : Medical Devices

Upper Limb Prosthetics MarketSize and Trends

The global upper limb prosthetics market was valued at US$ 864.5 Mn in 2021 and is forecast to reach a value of US$ 1,219.7 Mn by 2028 at a CAGR of 5.0% between 2022 and 2028. The global upper limb prosthetics market is experiencing strong growth due to the increase in the number of limb amputation procedures and increase research and development. Moreover, Increase in number of road accidents or injuries and rise in number of amputations and growing geriatric population across the globe is expected to boost the growth of the market.

Global Upper Limb Prosthetics Market: Regional Insights

Based on geography, the global upper limb prosthetics market is segmented into North America, Latin America, Europe, Asia Pacific, and Middle East & Africa.

Global Upper Limb Prosthetics Market Trends:

Recent trends in the upper limb prosthetics market include the use of new polymer materials and the development of prosthetic devices as per the functional need of patients. Market players are focusing on developing lightweight yet highly long-lasting prosthetics to meet the needs of the users. This in turn is expected to aid in the growth of the market.

North America is expected to witness robust growth in the upper limb prosthetics market, and this trend is expected to continue during the forecast period. This is attributed to the increasing number of accidents and injuries, rising demand for prosthetic devices, increase in awareness among people patient regarding prosthetic surgeries, availability of modern healthcare facilities with skilled medical personnel, and the presence of prominent market players in these regions.