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 End-Use (Hospitals, Prosthetic Clinics, Ambulatory Surgical Centers), Industry Analysis Report, Regional Outlook, Growth Potential, Competitive Market Share & Forecast, 2022 – 2030

Industry Overview

Upper Limb Prosthetics Market size was valued at over USD 745 million in 2021. Impelled by the burgeoning need for advanced prosthetics in cases of surgical amputation, the industry is anticipated to expand at a 5.5% CAGR through 2030.
 

Growing incidences of accidental injuries and trauma cases are driving the use of upper limb prostheses among people all over the world. Accidents are the major causes of nerve or tissue damage, resulting in limb amputation or permanent impairment. Such cases require immediate hospitalization and surgical procedures to prevent infection and sepsis. Moreover, the healthcare spending for traffic accidents is roughly 3% of the total GDP in most nations globally.
 

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Rigid government guidelines may limit product adoption

The U.S. FDA has extremely stringent regulatory compliances and extensive approval procedures that may hamper the upper limb prosthetics market expansion. These prosthetic items are extensively regulated due to the possible risk they pose and are considered Class II medical devices that need to meet specific standards to comply with special controls. However, increasing government efforts and sponsorship programs to help disabled persons are likely to help manufacturers overcome this restraint.
 

Rising cases of wrist amputation to boost demand for prosthetic wrists

Upper limb prosthetics market is divided based on components into prosthetic arms, prosthetic shoulders, prosthetic wrist, terminal devices, and prosthetic elbow. The prosthetic wrist segment is estimated to reach USD 330 million by 2030 owing to the benefits offered by prosthetic wrists, including improved mobility, which enables wide-ranging functionality for users. One of the main reasons for wrist amputation and the rising usage of these components is distal radius fractures of the wrist. A prosthetic wrist enables more natural movement patterns and improves upper limb range motion, which is foreseen to support product penetration.
 

Enhanced appearance and comfort to accelerate the passive prosthetic devices segment expansion

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As per product, the upper limb prosthetics market is categorized into myoelectric, passive, body-powered, and hybrid prosthetic devices. The passive prosthetic devices segment valuation is anticipated to exceed USD 405 million by 2030 driven by the numerous advantages that these products provide to a broad range of users. Passive prosthetics are made to resemble natural fingers, hands, and arms and are used to improve the comfort and appearance of the wearer. These tools aid in the user's recovery and provide psychological and functional benefits, which is set to bolster product adoption.
 

Increasing availability of advanced prosthetic devices to augment prosthetic clinics revenues

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In terms of end-use, the upper limb prosthetics market is bifurcated into prosthetic clinics, hospitals, and ambulatory surgical centers. Prosthetic clinics held around 60% industry share in 2021 and are projected to expand at a profitable pace through 2030. The product uptake is expected to rise in these clinics owing to the soaring availability of advanced prosthetic devices and technical improvements that cater to customers based on their deformity and customization in upper limb prosthetics.
 

Rigorous R&D efforts and product commercialization to push Europe market statistics

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Upper limb prosthetics market in Europe is slated to witness significant progress at over 5% CAGR between 2022 and 2030. Supportive reimbursement programs for upper limb prostheses across several countries in the region and the favorable regulatory scenario are propelling market development. In addition, the presence of leading manufacturers, ongoing R&D projects, and product commercialization are expected to enhance the industry share. Furthermore, the mounting availability of high-tech prosthetics devices is speculated to supplement the regional market expansion.
 

Increased investment toward product advancement to define the market spectrum

Leading manufacturers are furthering the development of revolutionary technologies with the introduction of novel products and strategic alliances to maintain their market positions. The upper limb prosthetics industry includes companies viz., Ossur, Ottobock SE & Co. KGaA, Steeper Inc., Open Bionics Ltd, CPOUSA, and Coapt LLC, among others.
 

Impact of COVID-19 on the upper limb prosthetics market trends

The COVID-19 pandemic caused severe financial challenges for healthcare services and escalated healthcare costs. Various healthcare services operations, including upper limb amputations and surgical interventions of the upper extremities, were hampered by the changing standard operating guidelines and social distancing norms. During the ongoing coronavirus pandemic, urgent amputation procedures have been carried out in medical facilities worldwide. However, despite the adverse short-term impact on the upper limb prosthetics industry, decreasing infection rates, improved recovery, and escalating procedural volume are set to positively influence the market landscape.
 

The upper limb prosthetics market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD million from 2017 to 2030 for the following segments:

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

The above information is provided for the following regions and countries:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
• Asia Pacific
  • China
  • Japan
  • India
  • Australia
  • South Korea
• Latin America
  • Brazil
  • Mexico
  • Argentina 
• Middle East and Africa
  • South Africa
  • Saudi Arabia
  • UAE