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Upper Limb Prosthetics Market Share

Report ID: GMI4235
Published Date: Dec 2023
Report Format: PDF

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Upper Limb Prosthetics Market Share

The upper limb prosthetics industry is competitive in nature, with a large number of small and medium-sized companies competing with each other. Some of the key players that are focusing on improving their market share includes Ottobock SE & Co. KGaA, Endolite India Ltd., Ossur, and Fillauer LLC, among others. Industry players are investing substantially to be at par with major companies that are constantly innovating and developing new components and services.

Some of the eminent market participants operating in the upper limb prosthetics industry include:

Ottobock SE & Co. KGaA
Endolite India Ltd
Ossur
Fillauer LLC
CPOUSA
Mobius Bionics
Steeper Group
Ortho Europe
Open Bionics
COVVI Ltd
Unlimited Tomorrow
exiii Inc
Motorica
WillowWood Global LLC
Protunix

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The upper limb prosthetics industry was valued at around USD 801.4 million in 2022 and is estimated to reach over USD 1.3 billion by 2032, attributed to the rise in limb loss incidences, consistent technological advancements, and growing awareness regarding available prosthetic solutions.

The passive prosthetic devices segment dominated the upper limb prosthetics industry with over 34% revenue share in 2022 and will witness the significant growth fueling by product usage in cosmetic repair, along with easy to use and minimal maintenance requirements.

North America upper limb prosthetics market accounted for USD 350.7 million in 2022 and is predicted to witness substantial growth through 2032, owing to the continuous advancements, including myoelectric control systems, robotics, and materials science, along with the well-developed healthcare infrastructure in the region.

Ottobock SE & Co. KGaA, Endolite India Ltd., Ossur, Fillauer LLC, CPOUSA, Mobius Bionics, Steeper Group, Ortho Europe, Open Bionics, and COVVI Ltd among others.