Upper Limb Prosthetics Market size is poised to reach USD 929 Million by the end of 2036, growing at a CAGR of 5% during the forecast period, i.e., 2024 – 2036. In the year 2023, the industry size of upper limb prosthetics was USD 398 Million. The reason behind the growth is due to the rising number of road accidents which are by far the most frequent reason for traumatic amputations and loss of limbs. Moreover, careless or reckless behavior frequently leads to incidents that can result in trauma which can cause loss of limb, and body parts including arms, fingers, and hands can be amputated. According to the World Health Organization (WHO), the lives of almost 1.3 million people across the globe are cut short annually as a result of traffic accidents.
The growing advancements in upper limb prosthetics are believed to fuel the market growth. For instance, the development of new hybrid nanomaterials has increased the performance of prosthetic devices has made artificial limbs significantly more efficient, and effective, and has considerably raised the standard of living for people with disabilities.
Growth Drivers
Challenges
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Base Year |
2023 |
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Forecast Year |
2024-2036 |
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CAGR |
~5% |
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Base Year Market Size (2023) |
~ USD 0.398 Billion |
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Forecast Year Market Size (2036) |
~ USD 0.929 Billion |
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Regional Scope |
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Product (Passive Prosthetic Devices, Hybrid Prosthetic Devices, Body Powered Prosthetic Devices, Myoelectric Prosthetic Devices)
The body powered prosthetic devices segment in the upper limb prosthetics market is estimated to gain a robust revenue share of 31% in the coming years. In upper-limb prostheses, body-powered components have been utilized for centuries and are still frequently prescribed today since they are indispensable for challenging tasks, are adaptable, durable, and simple to use, often require less training time, and can be utilized in muddy or wet conditions.
Component (Prosthetic Wrist, Prosthetic Elbow, Prosthetic Arm, Prosthetic Shoulder, Terminal Device, Prosthetic Socket)
The prosthetic wrist segment is set to garner a notable share shortly owing to the benefits provides by this component type. A prosthetic wrist joint that can flex and extend enables various item manipulation techniques facilitates task completion, lessens improper body mechanics, provides more natural appearance to the limb and customizable designs.
Our in-depth analysis of the global market includes the following segments:
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Component |
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Product |
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End-User |
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Indication |
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North American Market Forecast
Upper Limb Prosthetics market in North America is predicted to account for the largest share of 39% by 2036 impelled by the increasing spending in healthcare. This has led to the development of more sophisticated upper limb prosthetics in the region, resulting in enhanced functionality which would encourage more individuals to use prosthetic limbs. According to estimates, In the United States, health spending climbed by over 2% in 2021 to roughly USD 4 trillion, or around USD 12,910 per person.
European Market Statistics
The Europe upper limb prosthetics market is estimated to be the second largest, during the forecast timeframe led by presence of conflicts and wars. For instance, more than 48 armed conflicts were going on in Europe in 2022, one of which was a major war. In addition, an international armed conflict (IAC) between Russia and Ukraine is taking place in Europe and has sparked solidarity across the region. As a result, military personnel and other civilians who are entangled in conflict and a combat zone sustain severe physical wounds, including limb loss. This may drive the demand for upper limb prosthetics in the region.
Author Credits: Radhika Gupta, Shivam Bhutani
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