Upper Limb Prosthetics Market Size

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.