The global upper limb prosthetics market size accounted for US$ 909.98 million in 2023 and is projected to reach around USD 1,506.44 million by 2033, growing at a CAGR of 5.17% from 2023 to 2032.
Key Points
- North America dominated the market with the largest market of 43% in 2023.
- Asia Pacific is projected to experience the highest growth during the forecast period.
- By component, the prosthetic arm segment dominated the market in 2023 and is expected to experience further growth over the forecast period.
- By component, the prosthetic wrist segment is poised for significant growth in the forecast period.
- By product, the passive prosthetic devices segment dominated the market with the largest share of 35% in 2023.
- By product, the body-powered prosthetic devices segment is expected to experience the fastest growth rate during the forecast period.
- By end-user, the prostetic clinics segment dominated the market in 2023.
- By end-user, the hospitals segment is poised for substantial growth throughout the forecast period.
Report Summary
The global upper limb prosthetics market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.
The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the upper limb prosthetics market across the globe.
A comprehensive estimate on the upper limb prosthetics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of upper limb prosthetics during the forecast period. Price point comparison by region with global average price is also considered in the study.
Download Access to a Free Copy of Our Latest Sample Report@ https://www.precedenceresearch.com/sample/3882
Upper Limb Prosthetics Market Scope
| Report Coverage | Details |
| Growth Rate from 2024 to 2033 | CAGR of 5.17% |
| Global Market Size in 2023 | USD 909.98 Million |
| Global Market Size by 2033 | USD 1,506.44 Million |
| U.S. Market Size in 2023 | USD 293.47 Million |
| U.S. Market Size by 2033 | USD 485.83 Million |
| Base Year | 2023 |
| Forecast Period | 2024 to 2033 |
| Segments Covered | By Component, By Product Type, and By End-user |
| Regions Covered | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Key Highlights:
Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized upper limb prosthetics market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.
Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.
Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.
Also Read: DNA Repair Drugs Market Size to Attain USD 27.45 Billion by 2033
Market Players
The report includes the profiles of key upper limb prosthetics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.
Recent Developments
- In September 2023, Össur’s upper limb research and development (R&D) facility secured funding from Scottish Enterprise to develop new solutions in upper limb prosthetics.
- In May 2022, Ottobock SE & Co. KGaA showcased its Myo Plus T.H. upper limb prosthetic device at OTWorld in Leipzig. Ottobock anticipates introducing and demonstrating the Myo Plus T.H. upper limb prosthetic device, enhancing treatment possibilities and advancing market readiness.
Upper Limb Prosthetics Market Companies
- Össur
- Ottobock
- Steeper Group.
- Fillauer LLC
- Open Bionics
- Comprehensive Prosthetics & Orthotics
- COAPT LLC.
- Mobius Bionics.
- Protonix
- Motorica
Segments Covered in the Report
By Component
- Prosthetic Arm
- Prosthetic Elbow
- Prosthetic Wrist
- Prosthetic Shoulder
- Others
By Product Type
- Passive Prosthetic Devices
- Body Powered Prosthetic Devices
- Myoelectric Prosthetic Devices
- Hybrid Prosthetic Devices
By End-user
- Hospitals
- Prosthetic Clinics
- Others
Regional Segmentation
- North America (U.S., Canada, Mexico)
- Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
- Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
- Latin America (Brazil and Rest of Latin America)
- Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)
Research Methodology
Secondary Research
It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.
The secondary research sources referred in the process are as follows:
- Governmental bodies, and organizations creating economic policies
- National and international social welfare institutions
- Company websites, financial reports and SEC filings, broker and investor reports
- Related patent and regulatory databases
- Statistical databases and market reports
- Corporate Presentations, news, press release, and specification sheet of Manufacturers
Primary Research
Primary research includes face-to-face interviews, online surveys, and telephonic interviews.
- Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
- In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.
TABLE OF CONTENT
Chapter 1. Introduction
1.1. Research Objective
1.2. Scope of the Study
1.3. Definition
Chapter 2. Research Methodology
2.1. Research Approach
2.2. Data Sources
2.3. Assumptions & Limitations
Chapter 3. Executive Summary
3.1. Market Snapshot
Chapter 4. Market Variables and Scope
4.1. Introduction
4.2. Market Classification and Scope
4.3. Industry Value Chain Analysis
4.3.1. Raw Material Procurement Analysis
4.3.2. Sales and Distribution Channel Analysis
4.3.3. Downstream Buyer Analysis
Chapter 5. COVID 19 Impact on Upper Limb Prosthetics Market
5.1. COVID-19 Landscape: Upper Limb Prosthetics Industry Impact
5.2. COVID 19 – Impact Assessment for the Industry
5.3. COVID 19 Impact: Global Major Government Policy
5.4. Market Trends and Opportunities in the COVID-19 Landscape
Chapter 6. Market Dynamics Analysis and Trends
6.1. Market Dynamics
6.1.1. Market Drivers
6.1.2. Market Restraints
6.1.3. Market Opportunities
6.2. Porter’s Five Forces Analysis
6.2.1. Bargaining power of suppliers
6.2.2. Bargaining power of buyers
6.2.3. Threat of substitute
6.2.4. Threat of new entrants
6.2.5. Degree of competition
Chapter 7. Competitive Landscape
7.1.1. Company Market Share/Positioning Analysis
7.1.2. Key Strategies Adopted by Players
7.1.3. Vendor Landscape
7.1.3.1. List of Suppliers
7.1.3.2. List of Buyers
Chapter 8. Global Upper Limb Prosthetics Market, By Component
8.1. Upper Limb Prosthetics Market Revenue and Volume, by Component, 2024-2033
8.1.1 Prosthetic Arm
8.1.1.1. Market Revenue and Volume Forecast (2021-2033)
8.1.2. Prosthetic Elbow
8.1.2.1. Market Revenue and Volume Forecast (2021-2033)
8.1.3. Prosthetic Wrist
8.1.3.1. Market Revenue and Volume Forecast (2021-2033)
8.1.4. Prosthetic Shoulder
8.1.4.1. Market Revenue and Volume Forecast (2021-2033)
8.1.5. Others
8.1.5.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 9. Global Upper Limb Prosthetics Market, By Product Type
9.1. Upper Limb Prosthetics Market Revenue and Volume, by Product Type, 2024-2033
9.1.1. Passive Prosthetic Devices
9.1.1.1. Market Revenue and Volume Forecast (2021-2033)
9.1.2. Body Powered Prosthetic Devices
9.1.2.1. Market Revenue and Volume Forecast (2021-2033)
9.1.3. Myoelectric Prosthetic Devices
9.1.3.1. Market Revenue and Volume Forecast (2021-2033)
9.1.4. Hybrid Prosthetic Devices
9.1.4.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 10. Global Upper Limb Prosthetics Market, By End-user
10.1. Upper Limb Prosthetics Market Revenue and Volume, by End-user, 2024-2033
10.1.1. Hospitals
10.1.1.1. Market Revenue and Volume Forecast (2021-2033)
10.1.2. Prosthetic Clinics
10.1.2.1. Market Revenue and Volume Forecast (2021-2033)
10.1.3. Others
10.1.3.1. Market Revenue and Volume Forecast (2021-2033)
Chapter 11. Global Upper Limb Prosthetics Market, Regional Estimates and Trend Forecast
11.1. North America
11.1.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.1.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.1.4. U.S.
11.1.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.1.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.1.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.1.5. Rest of North America
11.1.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.1.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2. Europe
11.2.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.2.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.4. UK
11.2.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.2.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.5. Germany
11.2.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.2.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.6. France
11.2.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.2.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.2.7. Rest of Europe
11.2.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.2.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3. APAC
11.3.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.3.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.4. India
11.3.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.3.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.5. China
11.3.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.3.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.6. Japan
11.3.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.3.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.3.7. Rest of APAC
11.3.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.3.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4. MEA
11.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.4. GCC
11.4.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.4.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.5. North Africa
11.4.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.4.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.6. South Africa
11.4.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.4.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.4.7. Rest of MEA
11.4.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.4.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.5. Latin America
11.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.5.4. Brazil
11.5.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.5.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.5.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
11.5.5. Rest of LATAM
11.5.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)
11.5.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)
11.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)
Chapter 12. Company Profiles
12.1. Össur
12.1.1. Company Overview
12.1.2. Product Offerings
12.1.3. Financial Performance
12.1.4. Recent Initiatives
12.2. Ottobock
12.2.1. Company Overview
12.2.2. Product Offerings
12.2.3. Financial Performance
12.2.4. Recent Initiatives
12.3. Steeper Group.
12.3.1. Company Overview
12.3.2. Product Offerings
12.3.3. Financial Performance
12.3.4. Recent Initiatives
12.4. Fillauer LLC
12.4.1. Company Overview
12.4.2. Product Offerings
12.4.3. Financial Performance
12.4.4. Recent Initiatives
12.5. Open Bionics
12.5.1. Company Overview
12.5.2. Product Offerings
12.5.3. Financial Performance
12.5.4. Recent Initiatives
12.6. Comprehensive Prosthetics & Orthotics
12.6.1. Company Overview
12.6.2. Product Offerings
12.6.3. Financial Performance
12.6.4. Recent Initiatives
12.7. COAPT LLC.
12.7.1. Company Overview
12.7.2. Product Offerings
12.7.3. Financial Performance
12.7.4. Recent Initiatives
12.8. Mobius Bionics
12.8.1. Company Overview
12.8.2. Product Offerings
12.8.3. Financial Performance
12.8.4. Recent Initiatives
12.9. Protonix
12.9.1. Company Overview
12.9.2. Product Offerings
12.9.3. Financial Performance
12.9.4. Recent Initiatives
12.10. Motorica
12.10.1. Company Overview
12.10.2. Product Offerings
12.10.3. Financial Performance
12.10.4. Recent Initiatives
Chapter 13. Research Methodology
13.1. Primary Research
13.2. Secondary Research
13.3. Assumptions
Chapter 14. Appendix
14.1. About Us
14.2. Glossary of Terms
Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.
Contact Us:
Mr. Alex
Sales Manager
Call: +1 9197 992 333
Email: sales@precedenceresearch.com
Web: https://www.precedenceresearch.com
Blog: https://www.pharma-geek.com
