Global Upper Limb Prosthetics Market Poised to Expand at 4.8 % CAGR During 2018 - 2028 - PowerPoint PPT Presentation

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Global Upper Limb Prosthetics Market Poised to Expand at 4.8 % CAGR During 2018 - 2028


The focus on physical fitness, leisure sports, and other physical activities such as aerobics and running among others is growing, even among amputees, which has led to an increased demand for upper limb prosthetics. An increasing number of bone injuries directly impacts the demand for new upper limb prosthetics in the market. – PowerPoint PPT presentation

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Title: Global Upper Limb Prosthetics Market Poised to Expand at 4.8 % CAGR During 2018 - 2028

Upper Limb Prosthetics Market to Showcase Healthy
Expansion at 4.8 CAGR by 2028 End
  • Feb 2020

Report Id REP-GB-8991 Published On 25 Feb,
2019 Category Healthcare, Pharmaceuticals
Medical Devices
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Upper Limb Prosthetics Market
    limb prosthetic sales in 2019 are estimated to
    close in on US 330 Mn, and record a Y-o-Y growth
    of 4.4 over 2018, according to a new study of
    Future Market Insights (FMI). Upper limb
    prosthetics have been witnessing progressing
    sales scenario at a modest pace over the recent
    past. Besides a rising trend of cosmetic
    prosthetics, prevalence of sports injuries is
    significantly contributing to the demand growth
    of upper limb prosthetics in the global market.
  • Use of additive manufacturing/3D printing for
    prosthetics has been gaining momentum within the
    marketplace, particularly among amputees who are
    unable to afford the high price point associated
    with conventional limb prosthetics. Adoption of
    upper limb prosthetics has been pervasive at
    hospitals, at a steadily increasing rate. FMI
    expects a higher rate of adoption across
    prosthetic clinics in the years to come. However,
    an expensive price point, coupled with mass
    production incompatibility, is most likely to
    limit rapid revenue growth of upper limb
    prosthetics market.
  • Several prominent players in the competitive
    landscape of upper limb prosthetics market are
    prioritizing new product launches eyeing the
    opportunities lying in competitive price ranges.
    While this strategy is likely to aid companies
    improve penetration into developing markets,
    others will also focus on development of
    convenient accessories to assist the usage of
    upper limb prosthetics such as hand gloves.

Upper Limb Prosthetics Market
  • As per FMIs analysis, a considerable number of
    companies competing in upper limb prosthetics
    market are concentrating on providing
    rehabilitative prosthetic services and amputee
    care. Consistently increasing demand for
    prostheses following accidental and aging related
    disabilities will primarily push sales of upper
    limb prosthetics. Rapid surge in the number of
    orthopedic disorders and post-traumatic
    disabilities will also remain a key factor
    determining demand for upper limb prosthetics in
    the near future, according to the report.
  • Prosthetic Wrist to Hold over One-Fourth Market
  • Transradial disarticulation (below elbow) will
    remain the key indication generating maximum
    demand for upper limb prosthetics. The report
    points to a higher revenue share of over 1/4th of
    the total value, collectively contributed by
    wrist disarticulation and transhumeral
    disarticulation (above elbow). Sale of partial
    hand has also been registering a moderately
    growing share in the market revenue.
  • Prosthetic wrist sales account for over a fourth
    of the total market value whereas, prosthetic arm
    is likely to develop highest-selling potential in
    the years to come. Prosthetic elbow and terminal
    devices are currently among highly sought after
    components of upper limb prosthetics after
    prosthetic wrist, according to FMIs study. The
    combined revenue share of these two in the market
    has been anticipated to be more than 45 in 2019.
    However, prosthetic shoulders will also continue
    to experience moderate demand over the course of
    next few years.
  • Almost 2/5th of the total demand for upper limb
    prosthetics is accounted by myoelectric
    prosthetic devices, followed by body powered
    counterparts. As per FMIs analysis, passive
    prosthetic devices can be positioned as a
    relatively lucrative type of upper limb

Upper Limb Prosthetics Market
  • North America Europe Hold over 55 Share in
    Market Value
  • While more than 55 share of the global market
    revenue is contributed by developed regional
    markets, the penetration of upper limb
    prosthetics within most of the developing regions
    remains in its latency. According to FMIs study,
    the market in China, India, and some of the
    fast-developing economies in East and South Asia
    economies hints at promising growth prospects
    post 2019. The report attributes this growth to
    the sophistication of healthcare infrastructure,
    improvements in reimbursement scenario, rapid
    expansion of the patient pool, and the
    flourishing medical tourism sector.
  • Increasing per capita healthcare spending, spike
    in the private and public investments in RD, and
    the influx of activities involving shifting of
    manufacturing bases to developing regional
    pockets have also been instrumental in
    establishing a positive growth outlook for upper
    limb prosthetics market in these regions.  
  • FMI forecasts a 4.8 CAGR for the upper limb
    prosthetics market revenue over 2018-2028. The
    report has tracked some of the most prominent
    players active in the global upper limb
    prosthetics market, including Fillauer LLC, Touch
    Bionics Inc., Endolite India Ltd., College Park
    Industries, and Ottobock SE Co. KGaA, among
  • Press-release Source  https//www.globenewswire.c

Upper Limb Prosthetics Market
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