The global Upper Limb Prosthetics Market research report, published by Value Market Research, is designed to offer various market framework such as market size, portion, trends, growth path, value and factors that impact the current market dynamics over the forecast period 2022-2028. Most importantly, this report also provides the latest significant strategies adopted by major players along with their market share.
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the upper limb prosthetics market include Ottobock SE & Co. KGaA, Endolite India Ltd., Ossur, Fillauer LLC, CPOUSA, Coapt LLC, Mobius Bionics LLC, Steeper Inc., and Open Bionics Ltd among others. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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Market Dynamics
Technological improvements in prosthetics are fueling the growth of the global upper limb prosthetics market. The market for upper limb prostheses is being driven forward by an increase in the number of accidents and trauma and an increase in the incidence of bone illnesses such as osteosarcoma, osteoporosis, and osteopenia. Moreover, increased government efforts to help amputee initiatives to support amputees provide lucrative opportunities to the upper limb prostheses market. Nevertheless, the market's growth is hampered by the high cost and increased maintenance of these devices and a lack of reimbursement policies.
The research report covers Porter’s Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry’s structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of upper limb prosthetics. The growth and trends of upper limb prosthetics industry provide a holistic approach to this study.
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Market Segmentation
This section of the upper limb prosthetics market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Component
· Prosthetic Wrist
· Prosthetic Elbow
· Prosthetic Shoulder
· Prosthetic Arm
· Terminal Devices
By Product
· Passive Prosthetic Devices
· Body Powered Prosthetic Devices
· Myoelectric Prosthetic Devices
· Hybrid Prosthetic Devices
By End-Use
· Hospitals
· Prosthetic Clinics
· Ambulatory Surgical Centers
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Upper Limb Prosthetics market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
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According to TMR, the Global Upper Limb Prosthetics Market is accounted for $214.8 million in 2017 and is expected to reach $322.6 million by 2026 growing at a CAGR of 4.6% during the forecast period.
Increasing rate of cancer, trauma cases (road accidents), bone infection or disease and genetic disorders across the world are fuelling the market growth.
However, inaccessibility of high-end limbs, high cost, and supply in remote regions are the factors limiting the growth of the upper limb prosthetics market.Upper-limb prosthetics are now being utilized at different levels of amputation procedures: shoulder disarticulation, forequarter, transhumeral prosthesis, transradial prosthesis, elbow disarticulation, wrist disarticulation, partial hand, full hand, partial finger, whole finger.
The demand for top upper limb prosthetics such as externally powered and bionic products in the developing nations is gaining grip in tow to better healthcare services.
The high cost of prosthetics, lack of well-equipped rehabilitation centers, less awareness, strict regulatory guidelines on advanced products in developing regions are the factors limiting market growth during the forecast period.
Click Here to Get Sample Premium Report @https://www.trendsmarketresearch.com/report/sample/12142 Based on the restorative materials, the myoelectric prosthetics (externally powered) segment shows lucrative growth with increasing applications in the orthopedic industry.
