Prosthetics Market Growth:
The Prosthetics Market size was valued at USD 1.6 Bn in 2022 and the total Prosthetics revenue is expected to grow at a CAGR of 4.5% from 2023 to 2029, reaching nearly USD 2.5 Bn
Prosthetics Market Drivers:
Growth in the no of amputations driving the market growth
Loss of limbs due to due to multiple reasons, such as accidental injuries, diabetes, cancer, blood vessel diseases, infection, etc., are the key causes of amputations. This has resulted in increased requirement for prosthetic devices to improve the patient lifestyles. For instance, according to the Freedom Prosthetics Report of 2020, more than 1.0 million annual limb amputations are conducted globally. Furthermore, on average, an amputation is done every 30 seconds on a global level. These abovementioned factors are critically driving the global market.
The prosthetics are rehabilitating devices leading to improved quality of life for the patient. Hence favourable reimbursement provided for these products in some regions. The components of the prosthetics process getting an extended reimbursement coverage include measurements, physicians’ consultations, fitting, fabrication, repair, device training, & replacement. These factors are anticipated to drive the market prospects during the forecast period.
Prosthetics Market Report Overview:
Maximize Market Research has issued papers to help clients understand the landscape of the Prosthetics Market in which they compete. The research provides market insights to help clients understand future demand for their product and the Artichokes’s competitiveness. The Artichokes market overview provides detailed information on the market’s size, trade data, key players, and several market metrics such as life cycle, trends, and so on.
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Prosthetics Market Regional Insights:
The report is segmented into several key countries, with market size, growth rate, import and export of EV Connectors market in these countries, which covering North America, U.S., Canada, Mexico, Europe, UK, Germany, France, Spain, Italy, Rest of Europe, Asia Pacific, China, India, Japan, Australia, South Korea, ASEAN Countries, Rest of APAC, South America, Brazil, and Middle East and Africa.
Prosthetics Market Segmentations:
by Product
1. Upper Extremity Prosthetics
2. Lower Extremity Prosthetics
3. Sockets
4. Other Products
by Technology
1. Conventional
2. Electric Powered
3. Hybrid Orthopedic Prosthetics
by End User
1. Hospitals
2. Prosthetic Centers
3. Other End Users
The worldwide prosthetics market is divided into three segments based on product: sockets, lower extremity prosthetics, upper extremity prosthetics, and others. In 2021, the lower extremity prosthetics segment held the most market share. The availability of various gadgets created by market players and the increased demand from individuals to replace their log legs are driving the expansion of this category. The growing number of amputations, particularly in lower- and middle-income nations, is anticipated to fuel the segment's expansion even more.
Over the course of the projection period, the Upper Extremity Prosthetics sector is anticipated to exhibit the highest CAGR. The development of superior artificial intelligence (AI) prosthetic arms and their many benefits are anticipated to propel the growth of this market.
Table of Content: Prosthetics Market :
Part 01: Executive Summary
Part 02: Scope of the Prosthetics Market Report
Part 03: Prosthetics Market Landscape
Part 04: Prosthetics Market Sizing
Part 05: Prosthetics Market Segmentation by Type
Part 06: Five Forces Analysis
Part 07: Customer Landscape
Part 08: Geographic Landscape
Part 09: Decision Framework
Part 10: Drivers and Challenges
Part 11: Market Trends
Part 12: Vendor Landscape
Part 13: Vendor Analysis
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Prosthetics Market Key Players:
1. Aesthetic Prosthetics Inc.,
2. Össur, Blatchford Limited,
3. Integra Life Sciences Holdings,
4. Steeper Group, Ottobock SE & Co.
5. KGaA (suit X), Stryker Corporation,
6. B. Braun Melsungen AG
7. Aether Biomedical
8. Mobius Bionics LLC
9. WillowWood Global LLC.
10. Uniprox (Bauerfeind)
11. Ortho Europe
12. Fillauer LLC (Fillauer Companies, Inc.)
13. Hanger, Inc. (U.S.)
14. Ultra flex Systems Inc.
15. Healthcare GmbH
16. College Park Industries
17. exiii Inc.
18. OttoBock Healthcare GmbH,
19. Deka Research and Development Corporation
20. ProtUnix,
21. Johnson & Johnson Services, Inc.,
22. Smith & Nephew
23. Stryker Corporation, Zimmer Biomet
Key Questions Addressed in This Report:
How has the Prosthetics Market market performed so far and how will it perform in the coming years?
What is the market segmentation of the global Prosthetics Market market?
What is the regional breakup of the global Prosthetics Market market?
What are the price trends of various feedstocks in the Prosthetics Market industry?
What is the structure of the Prosthetics Market industry and who are the key players?
What are the various unit operations involved in a Prosthetics Market processing plant?
What is the total size of land required for setting up a Prosthetics Market processing plant?
What is the layout of a Prosthetics Market processing plant?
What are the machinery requirements for setting up a Prosthetics Market processing plant?
What are the raw material requirements for setting up a Prosthetics Market processing plant?
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Key Insights Covered the Prosthetics Market Report:
Market Coverage:
Market Trends
Market Breakup by Segment
Market Breakup by Region
Price Analysis
Impact of COVID-19
Market Forecast
Key Aspects Required for Setting Up a Prosthetics Market Plant:
Detailed Process Flow:
Product Overview
Unit Operations Involved
Mass Balance and Raw Material Requirements
Quality Assurance Criteria
Technical Tests
Project Details, Requirements and Costs Involved:
Land, Location and Site Development
Plant Layout
Machinery Requirements and Costs
Raw Material Requirements and Costs
Packaging Requirements and Costs
Transportation Requirements and Costs
Utility Requirements and Costs
Human Resource Requirements and Costs
Project Economics:
Capital Investments
Operating Costs
Expenditure Projections
Revenue Projections
Taxation and Depreciation
Profit Projections
Financial Analysis
About Maximize Market Research:
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