Prosthetic in Upper Limb Market - Trends Forecast Till 2028

Market Overview

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

Key Findings

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 

Regional Analysis

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.

Competitive Landscape

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

Recent Developments

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.

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
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• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope