Upper Limb Prosthetics Market Size

Upper Limb Prosthetics Market Size

Upper Limb Prosthetics Market size was valued at around USD 801.4 million in 2022 and is set to register 5.1% CAGR during 2023 to 2032. This robust market growth can be attributed to various factors, including rise in limb loss incidences, consistent technological advancements, growing awareness regarding available prosthetic solutions, and surging demand for personalized and customized healthcare solutions.

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Furthermore, the growing incidence of limb loss due to factors such as accidents, trauma, congenital diseases, and medical conditions is a major driver for the upper limb prosthetics industry. The demand for prosthetic limb grows in tandem with the number of people who require these devices. For instance, according to National Limb Loss Resource Center, in U.S., around 2 million individuals live with limb loss in the country. The most common causes of limb loss are vascular disease (54%), including diabetes and peripheral artery disease, trauma (45%), and cancer (less than 2%).

Upper limb prosthetics refers to the field of prosthesis  that involves the design, creation, and fitting of artificial limbs for individuals who have lost part or all of their upper extremities, including arms and hands. The goal is to restore function and improve the quality of life for individuals with limb loss.