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Upper Limb Prosthetics Market Trends

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

Upper Limb Prosthetics Market Trends

The market is influenced by several factors such as growing demand for integrated neuroprosthetics and brain-machine interfaces, surging need for incorporation of wearable technology among others. Additionally, increasing advances in gesture recognition technology and machine learning algorithms, along with growing usage of robotics prosthetics for rehabilitation are other pointers supporting the product demand. These factors collectively contribute to the evolving landscape of the market.
 

  • There is a growing demand for personalized and customized prosthetic devices. Advances in 3D printing technology enables the development of prosthetic devices that are tailored to the individual's anatomy and preferences. This trend represents a shift away from utilitarian performance and towards aesthetic considerations, with cosmetic coverings that could be customized to fit skin tone and look.
     
  • Moreover, the surgical insertion of a prosthetic device directly into the bone provides a more natural and durable connection. This technique has gained popularity because it offers more comfort, lower energy consumption, and a greater range of motion than standard socket-based prostheses. Continuous research and developments in osseointegration have aided in its acceptance.

 

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.

Upper Limb Prosthetics Market Scope

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Premium Report Details

  • Base Year: 2022
  • Companies covered: 15
  • Tables & Figures: 220
  • Countries covered: 22
  • Pages: 130
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