UPPER LIMB PROSTHETICS MARKET ANALYSIS

Regional Analysis

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.

• North America: U.S. and Canada
• Latin America: Brazil, Argentina, Mexico, and Rest of Latin America
• Europe: Germany, U.K., Spain, France, Italy, Russia, and Rest of Europe
• Asia Pacific: China, India, Japan, Australia, South Korea, ASEAN, and Rest of Asia Pacific
• Middle East: GCC Countries, Israel, and Rest of Middle East
• Africa: South Africa, North Africa, and Central Africa

Among regions, North America is expected to gain highest share in the market over the forecast period owing to the rise in number of amputations and increasing number of serious injuries in the region. For instance, a prosthesis is an artificial device that substitutes for a missing part of the body. Upper limb prosthesis serves as a substitute for a partially or entirely missing part of the hand due to an injury, accident, trauma, or illness. According to the Amputee Coalition of America, around 185,000 amputations occur in the United States each year and a staggering 3.6 million people will be living with limb loss by 2050.

Asia Pacific is also expected to witness significant growth in the global upper limb prosthetics market due to the rise in number of road accidents & injuries and rise in number of amputations in this region. India is a vast country with a large number of individuals in the community with various disabilities. According to estimates, India has over half a million amputees, with tens of thousands added to the amputee population every year. This in turn is expected to increase demand for upper limb prosthetics in this region.