Upper Limb Prosthetics Market Size 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 Cause (Trauma, Vascular Disease and Diabetes, Cancer), By End-use (Hospitals, Prosthetic Clinics, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2019 – 2025

Published Date: Jul 2019  |  Report ID: GMI4235  |  Authors: Ankita Bhutani, Rupali Swain

Report Format: PDF   |   Pages: 220   |   Base Year: 2018




Summary Table of Contents Industry Coverage Methodology

Industry Trends

Upper Limb Prosthetics Market size was valued at USD 1,077.8 million in 2018 and is expected to witness more than 11% CAGR from 2019 to 2025.
 

Global Upper Limb Prosthetics market, 2018 & 2025 (USD Million & Thousand Units)

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A man-made device that is used to replace missing limb, that may have undergone amputation due to trauma or disease is called as prosthetic implant. Prosthetics is the field concerned with making and fitting such type of implants. The aim of prosthetics is to restore the normal functions of the missing body part. Upper limb prosthetics include prosthetic wrist, prosthetic elbow, prosthetic shoulder, prosthetic arm and terminal devices.
 

Growing number of accidental injuries and trauma is resulting in higher cases of amputations, that will drive the upper limb prosthetics market growth during the forecast period. For instance, every year more than one million annual limb amputations occur all over the globe. Majority of these amputations are upper limb. Rising prevalence of diabetes also act as a major factor for driving the growth of global market. According to the International Diabetes Federation (IDF), the global prevalence of diabetes is expected to reach 435 million by 2030. Such factors will augment the growth of the market over the forecast period.
 

Increasing number of sports injuries will boost the global upper limb prosthetics market growth. Rising prevalence of bone-related diseases such as osteosarcoma, osteoporosis and osteopenia will augment the growth of the global market.  Increasing geriatric population will also drive the market growth. Increasing use of 3D printing for prosthetics manufacturing will lower the cost of production, thus boosting the market growth. Demographic factors such as rising life expectancy and average age will also impact the overall growth of the market. However, high price of prosthetics and maintenance cost associated with these devices will hamper the market growth over the forecast period.
 

Upper Limb Prosthetics Market Report Coverage
Report Coverage Details
Base Year: 2018 Market Size in 2018: 1077 Million (USD)
Historical Data for: 2014 to 2018 Forecast Period: 2019 to 2025
Forecast Period 2019 to 2025 CAGR: 11% 2025 Value Projection: 2.3 Billion (USD)
Pages: 220 Tables, Charts & Figures: 451
Geographies covered (16): U.S., Canada, Germany, France, UK, Spain, Italy, China, India, Japan, Australia, Singapore, Brazil, Mexico, South Africa, Saudi Arabia
Segments covered: Component, Product, Cause, End-use and Region
Companies covered (12): Ottobock SE & Co. KGaA, Endolite India Ltd., Ossur, Fillauer LLC, College Park Industries, Steeper Inc., TRS Inc., Howard Orthopedics Inc., WillowWood Global LLC, CPOUSA, Coapt LLC, Touch Bionics Inc
Growth Drivers:
  • Technological advancements in prosthetics
  • Increasing number of accidents and trauma
  • Rising geriatric population
Pitfalls & Challenges:
  • High cost of prosthetics

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Upper Limb Prosthetics Market, By Component

Germany upper limb prosthetics market share, by component, 2018 (Units)
Germany upper limb prosthetics market share, by component, 2018 (Units)

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Prosthetic wrist contributed for the highest share by volume in the global upper limb prosthetics market in 2018. The large contribution is attributed to the high number of amputations related to wrists. The cost of prosthetic wrist is also affordable to most people, especially in comparison to other prosthetics. Prosthetic wrists are easy to wear, light weight and cosmetically pleasing. Abovementioned reasons will boost the demand for prosthetic wrists during the forecast period. Various technological advancements will augment the adoption of prosthetic wrists, leading to high segment growth in the future.
 

Terminal devices are projected to witness the highest CAGR of 11.0% by volume over the forecast period from 2019 to 2025. Terminal devices are cost-effective, function well and require low maintenance. Apart from this, terminal devices can also be customised according to the needs of the patient. Hence, the aforementioned factors will augment the growth of terminal devices over the forecast period.
 

Upper Limb Prosthetics Market, By Product

Passive prosthetic devices contributed for the largest share of 30.8% by product in 2018 due to increase in demand for simple and efficient prosthetic devices all over the globe. In addition, passive prosthetic devices contributed for the largest share in the global market due to its ease of use and low price.
 

Myoelectric prosthetic devices segment is expected to show substantial growth over the forecast period. The electrical property of muscles is called as myoelectric. A myoelectric prosthetic device is an artificial limb that is externally powered but can be controlled with the electrical signals generated naturally by muscles. Myoelectric prosthetic devices offer functionality as well as natural appearance. Abovementioned factors will augment the growth of myoelectric prosthetic devices over the estimation period.
 

Upper Limb Prosthetics Market, By Cause

Vascular disease and diabetes segment contributed for the largest share of 53.5% in 2018. According to healthcare professionals, people suffering from diabetes mellitus or peripheral artery disease are under high risk for amputations. Healing process of body is also low in such patients. Due to such factors, vascular disease and diabetes segment will continue to contribute for the largest share in the global upper limb prosthetics market over the forecast period.
 

Cancer segment is expected to show lucrative growth over the forecast period. Surgery involving amputation is needed, if the cancer has spread on bone and into the nearby blood vessels. Cancer cases have reached 18.1 million in 2018 and around 9.6 million deaths have occurred due to the same. Aforementioned factors will drive the growth of cancer segment over the estimation period.
 

Upper Limb Prosthetics Market, By End-use

Upper limb prosthetics witnessed highest demand from prosthetic clinics resulting in major market share in 2018. The prosthetic clinics segment accounted for USD 651.4 million revenue in the year 2018. A substantial proportion of prosthetic procedures take place in such facilities. Specific attention is given to each patient at prosthetic clinics as well as skilled professionals are available in such setting. Over the forecast period, the prosthetic clinics segment will continue to remain the largest market by end-use, due to increasing number of patient footfall coupled with rising awareness related prosthetic clinics.
 

Hospitals held significant industry share in 2018 and is forecasted to expand at a healthy CAGR of 10.8% over the forecast period. This growth is attributed to the high budget of hospitals. Ambulatory surgical centers will grow at a promising CAGR as they are preferred in developed economies.
 

Upper Limb Prosthetics Market, By Region

Europe Upper Limb Prosthetics market share, by country, 2025 (Units)
Europe Upper Limb Prosthetics market share, by country, 2025 (Units)

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The U.S. upper limb prosthetics market is forecasted to reach 158,641 units with a value of USD 544.1 million by 2025. The country dominated the global market in 2018 due to high level of awareness among citizens for prosthesis, high adoption for advanced technology, vast number of trained professionals, the presence of dominant market players and presence of highly developed healthcare infrastructure. Also, the high spending on R&D related to advanced prosthesis in the U.S. will drive the market growth.
 

The upper limb prosthetics market of India is expected to grow at a lucrative growth of 15.4% over the forecast period due to low price of prosthetic implants in the country, increased government initiatives to support amputees, growing ageing population along with increasing developments in healthcare technologies. The above-mentioned factors will boost the demand for upper limb prosthetics over the forecast period.
 

Competitive Market Share

Ottobock SE & Co. KGaA, Endolite India Ltd., Ossur, Fillauer LLC, College Park Industries, Steeper Inc., TRS Inc., Howard Orthopedics Inc., WillowWood Global LLC, CPOUSA, Coapt LLC and Touch Bionics Inc. are some of the major industry players in the global upper limb prosthetics market.  Technological advancements, innovative product launch, capacity expansion, merger, acquisition and accreditations are some of the key strategic initiatives taken by these industry players.
 

Recent industry developments:

  • In July 2019, Ossur Global signed an agreement to acquire College Park Industries, a leading provider of lower and upper limb prosthetics and services. Company strategy behind the acquisition is expansion of product portfolio and business that may accelerate growth of the company
     

Upper Limb Prosthetics Industry Background

The upper limb prosthetics has come a long way starting from its primitive beginnings to technologically advanced and sophisticated prosthetics of current times.  Today, the upper prosthetic implants are made up of aluminium, plastic as well as advanced composite materials. The aim is to provide light weight as well as strong implant to amputees. Apart from being lighter and stronger, these devices also offer functionality through advanced robotics. The advanced implants offer basic movements to mimic the natural functions. Silicone covers are also available to provide natural appearance to the upper limb prosthetics. These advancements will propel the market growth of global upper limb prosthetics over the forecast period.


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