Prosthesis Equipment Industry - Regional Synopsis
North America Market Statistics
Regionally, the global prosthesis equipment market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. North America industry is anticipated to account for largest revenue share by 2037, on the back of advancement in medical technology, and higher success rate of prosthetic surgeries. Moreover, increasing cases of cancer, diabetes and other diseases is estimated to boost the market growth.
APAC Market Analysis
The prosthesis equipment market in the Asia Pacific region is estimated to witness highest CAGR over the forecast period, owing to the increasing geriatric population, suffering from diabetes in the region. In Asia, over 60% of the population is currently suffering from diabetes. Moreover, rising cases of road accidents, that can lead to disability, is estimated to boost the market growth in the region. According to the report by the WHO, middle-income countries have 19.2 road traffic fatalities per 100, 000 population, which is higher than high-income countries.
