Upper Limb Prosthetics Market Trend, Share, Growth, Demand, Size and Forecast 2032

Upper Limb Prosthetics Market Insights

The global Upper Limb Prosthetics Market size was valued at USD 842.69 Million in 2023 and is predicted to reach USD 1307.29 Million by the end of 2032. The market is expected to grow with a CAGR of 5% during the forecast period. The report analyzes the global Upper Limb Prosthetics Market's growth drivers, restraints, and impact on demand during the forecast period. It will also help navigate and explore the arising opportunities in the Upper Limb Prosthetics industry.

Request Free Sample

Upper Limb Prosthetics Market Overview

The study includes drivers and restraints for the upper limb prosthetics market along with the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the upper limb prosthetics market on a global as well as regional level.

In order to give the users of this report a comprehensive view of the upper limb prosthetics market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein the product and services segment is benchmarked based on their market size, growth rate, and general attractiveness.

The report provides a company market share analysis in order to give a broader overview of the key players in the upper limb prosthetics market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, research & development, and regional expansion of major participants involved in the upper limb prosthetics market on a global and regional basis.

Request Free Sample

Upper Limb Prosthetics Market Segmentation Analysis

A prosthetic implant is an artificial device that switches a lost body part. The prosthetic implant enables the users to carry out daily activities comfortably and without any support. By restoring normal functions of the lost body part, prosthetic devices play an important role in the rehabilitation of disabled people. Upper limb prosthetics include the prosthetic elbow, prosthetic wrist, prosthetic arm, and prosthetic shoulder.

Factors such as the increasing number of serious injuries due to accidents and trauma, rise in the number of amputations globally, growing prevalence of diabetes, rise in a number of sports injuries, growing prevalence of disorders related to bone such as osteoporosis, osteosarcoma, and osteopenia will act as major driving factors in the growth of global upper limb prosthetics market. A growing geriatric population and encouraging government programs in developing regions will act as an opportunity for the market players in the upper limb prosthetics market. Nonetheless, lack of awareness in developing regions, high prices of prosthetics, and additional maintenance costs will restrict the growth of the global upper limb prosthetics market.

Upper Limb Prosthetics Market Segmentation Analysis

The global upper limb prosthetics market has been split into prosthetic device type, component, cause, end-use, and region. Based on prosthetic device type, the upper limb prosthetics market has been segmented into body-powered, passive, hybrid, and myoelectric. The passive segment accounted for the highest market share in 2023 due to low prices, and growing demand for effective and simple prosthetic devices globally. The component segment has been segmented into the prosthetic elbow, terminal devices, prosthetic arm, prosthetic wrist, and prosthetic shoulder. The prosthetic wrist accounted for the highest market share in 2023 due to the high frequency of wrist amputations. The cause segment has been segmented into cancer, diabetes and vascular disease, and trauma. Diabetes and vascular disease segment accounted for the highest market share in 2023 due to an increase in the number of diabetes cases all over the world. The end-use segment has been segmented into hospitals, ambulatory surgical centers, and prosthetic clinics.

Upper Limb Prosthetics Market Regional Analysis

North America will be the leading region during the forecast period. The development of advanced prosthetic devices, high awareness regarding the use of prosthetic devices, and the presence of major players will boost the market growth in this region. Europe will be the second largest market. The major reasons are the presence of skilled professionals and high diabetes prevalence. The Asia Pacific will proliferate at a speedy frequency over the estimated period due to fast technological developments in the healthcare sector and increasing research and development expenditure by key manufacturers. The Latin American market will develop at a significant rate during the forecast period. The African and Middle Eastern countries are likely to experience perceptible growth in the estimated time-frame.

Upper Limb Prosthetics Market: Report Scope

Upper Limb Prosthetics Market Key Players

The report also includes detailed profiles of key players such as:

• Endolite India Ltd.
• Ottobock SE & Co. KGaA
• Ossur
• College Park Industries
• Fillauer LLC
• Steeper Inc.
• Howard Orthopedics Inc.
• CPOUSA
• TRS Inc.
• WillowWood Global LLC

This report segments the Global Upper Limb Prosthetics Market as follows:

Global Upper Limb Prosthetics Market: By Device Type

• Body Powered
• Passive
• Hybrid
• Myoelectric

Global Upper Limb Prosthetics Market: By Component

• Prosthetic Elbow
• Prosthetic Wrist
• Prosthetic Arm
• Prosthetic Shoulder
• Terminal Devices

Global Upper Limb Prosthetics Market: By Cause

• Cancer
• Diabetes and Vascular Disease
• Trauma

Global Upper Limb Prosthetics Market: By End-use

• Hospitals
• Ambulatory Surgical Centers
• Prosthetic Clinics

Global Upper Limb Prosthetics Market: By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of The Middle East & Africa