Home / Medical Devices / Upper Limb Prosthetics Market By Restorative Material Type (Mechanical (Body Powered) Prosthetics, Myoelectric (Externally Powered) Prosthetics, Hybrid Prosthetics), By End-user Segment (Hospitals, Orthopedic Clinics, Rehabilitation Centers) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Upper Limb Prosthetics Market By Restorative Material Type (Mechanical (Body Powered) Prosthetics, Myoelectric (Externally Powered) Prosthetics, Hybrid Prosthetics), By End-user Segment (Hospitals, Orthopedic Clinics, Rehabilitation Centers) - Growth, Future Prospects & Competitive Analysis, 2018 – 2026

Published: Mar 2019 | Report Code: 59622-03-19

"Upper limb prosthetics market to exhibit lucrative growth during the forecast period"
 

The global upper limb prosthetics market is growing dynamically, was valued at US$ 214.8 Mn in 2017 and expected to reach US$ 322.6 Mn by 2026. Growing trauma cases (majorly road accidents), prevalence of disabilities, injuries, prevalence of bone disorders and infection drive the overall upper limb prosthetics market growth. Technological evolution in the bionic industry would also drive the overall market. The manufacturers are expanding the usage with higher technology assessment utilized for top applications worldwide such as osteoarthritis, bone injury, osteoporosis, and other post-surgery applications. Rising ageing population along with increasing preference for soft body powered or myoelectric limbs and custom made prosthetics is gaining traction in the global market. 

Market Synopsis

Upper Limb Prosthetics Market 

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"Myoelectric and bionic prosthetics expected to register higher growth by the end of 2026" 

Global sales of upper limb prosthetics is increasing significantly, primarily in the Asia Pacific region. The prosthetics market is fuelled with increasing private funding from Europe and the U.S. in domestic markets. Numerous range of upper limb prosthetics, mainly in the myoelectric prosthetics segment will grow significantly. New technology assessment in the bionics industry will upsurge the global demand slowly. Trend towards automation of orthopedic prosthetics will spur the demand mainly in Europe and Asia Pacific. The revenue share from these regions can be ascribed to the rising population, expanding commonness of chronic diseases, and bone related disorders. 

Upper Limb Prosthetics Market

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"The orthopedic clinics segment is expected to register higher growth by the end of 2026"

Development in the orthopedic clinics segment is expected to grow consistently. Higher preference for soft orthopedic prosthetic limbs post-surgery, shift towards use of advanced custom made systems, and growing demand for advanced research in bionics industry is generating maximum revenue share in the developed markets. Outsourcing of advanced products in developing nations, strict regulations, high cost of limbs in the developing markets may hinder the market development to a certain extent during the forecast period. Additionally, increasing admissions of osteoporosis patients in hospitals, and commonness of Paget’s disease of the bones, hyperparathyroidism, rickets, and osteomalacia will further spur revenue growth during the forecast period.

Upper Limb Prosthetics Market

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"Growing demand for advanced products, and the presence of established players holds the U.S. in dominant position" 

The U.S. to contribute maximum market share in the global upper limb prosthetics market. Major factors enhancing the growth in North America and Europe include widespread availability of advanced prosthetics along with the presence of top manufacturers, higher adoption of customized products, increasing number of partnerships with small scale component manufacturers and expanding demand for advanced limbs in the end user segment. Increasing rate of cancer, trauma cases (road accidents), bone infection or disease and genetic disorders worldwide, majorly in the elderly population (50 years & above) is a major factor enhancing the growth of the market. However, in developing regions such as Asia Pacific, MEA and Latin America, availability of orthopedic prosthetics is insufficient. Inaccessibility of high-end limbs, high cost, and supply in remote regions are few factors limiting the growth of the upper limb prosthetics market. 

Upper Limb Prosthetics Market

"Dominance of multinational manufacturers with strong product portfolio in the developed regions" 

Major players in the upper limb prosthetics market are Ossur Global, Fillauer LLC, Endolite India Ltd., Ottobock SE & Co. KGaA, College Park Industries, Steeper Inc., TRS Inc., Howard Orthopedics, Inc., CPOUSA.COM., Coapt, LLC, The Ohio Willow Wood Company and others. Orthopedic prosthetic manufacturers are executing progressive approaches along with new technological advancement such as bionic limbs. Furthermore, new product launch, expansion of upper limbs to hospitals and orthopedic clinics in the form of partnerships will further assist the overall growth during the forecast period. Top players are majorly focused on patient-centric offerings, such as Ottobock SE & Co. KGaA and Fillauer LLC (produces more than 3,000 prosthetic products with numerous innovative features). 

Upper Limb Prosthetics Market

Historical & Forecast Period

This study report represents analysis for each segment from 2016 to 2026 considering 2017 to be the base year. Compounded Annual Growth Rate (CAGR) for each of the respective segments estimated for the forecast period from 2018 to 2026

Report Scope by Segments

 

ATTRIBUTE DETAILS
Research Period  2017-2027
Base Year 2018
Forecast Period  2019-2027
Historical Year  2017
Unit  USD Million
Segmentation

 Restorative Material Type (2016–2026; US$ Mn)
 • Mechanical (Body Powered) Prosthetics
 • Myoelectric (Externally Powered) Prosthetics
 • Hybrid Prosthetics

 End-user Segment (2016–2026; US$ Mn)
 • Hospitals
 • Orthopedic Clinics
 • Rehabilitation Centers

 Geography Segment (2016–2026; US$ Mn)
 • North America (U.S., Canada)
 • Europe (U.K., Germany, Rest of Europe)
 • Asia Pacific (Japan, China, Rest of Asia Pacific)
 • Latin America (Brazil, Mexico, Rest of Latin America)
 • Middle East & Africa (GCC, Rest of Middle East & Africa)

The current report also comprehends qualitative and qualitative market valuation factors such as key market drivers, market trends, restraints and opportunities that gives a better market understanding of the overall upper limb prosthetics market. Additionally, the global report also comprises graphical representation of competitive landscape based on their market initiatives and strategies, product portfolio and business strengths.

Key questions answered in this report 

  • What are the current market trends and dynamics in the upper limb prosthetics market and valuable opportunities for emerging players?
  • Which segment accounts for the fastest CAGR during the forecast period?
  • What is the impact of high cost of bionic and myoelectric upper limb prosthetics?
  • What are the market trends and dynamics in emerging markets such as Japan, Latin America and Middle East & Africa?

Chapter 1. Preface
1.1. Report Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Market Segmentation
1.3. Research Scope
1.4. Research Methodology
1.4.1. Phase I – Secondary Research
1.4.2. Phase II – Primary Research
1.4.3. Phase III – Expert Panel Review
1.4.4. Assumptions
1.5. Market Segmentation

Chapter 2. Executive Summary
2.1. Global ULP Market Portraiture
2.2. Global ULP Market, by Type, 2017 (US$ Mn)
2.3. Global ULP Market, by End User, 2017 (US$ Mn)
2.4. Global ULP Market, by Geography, 2017 (US$ Mn)

Chapter 3. Global Upper Limb Prosthetics (ULP) Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Current Scenario: Partnership Strategies Internationally, Mergers & New Product Launches
3.3. Drivers
3.4. Challenges
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2017
3.7. Competitive Landscape
3.7.1. Competitive Landscape, by Key Players, 2017

Chapter 4. Global Upper Limb Prosthetics (ULP) Market, by Type, 2016 – 2026 (US$ Mn)
4.1. Overview
4.2. Mechanical (Body Powered) Prosthetics
4.3. Myoelectric (Externally Powered) Prosthetics
4.4. Hybrid Prosthetics

Chapter 5. Global Upper Limb Prosthetics (ULP) Market, by End User, 2016 – 2026 (US$ Mn)
5.1. Overview
5.2. Hospitals
5.3. Orthopedic Clinics
5.4. Rehabilitation Centers

Chapter 6. Global Upper Limb Prosthetics (ULP) Market, by Geography, 2016 – 2026 (US$ Mn)
6.1. Overview
6.2. North America ULP Market Analysis, 2016 – 2026
6.2.1. North America ULP Market, by Type, 2016 – 2026 (US$ Mn)
6.2.2. North America ULP Market, by End User, 2016 – 2026 (US$ Mn)
6.2.3. North America ULP Market, by Country, 2016 – 2026 (US$ Mn)
6.2.3.1. U.S.
6.2.3.2. Canada
6.3. Europe ULP Market Analysis, 2016 – 2026
6.3.1. Europe ULP Market, by Type, 2016 – 2026 (US$ Mn)
6.3.2. Europe ULP Market, by End User, 2016 – 2026 (US$ Mn)
6.3.3. Europe ULP Market, by Country, 2016 – 2026 (US$ Mn)
6.3.3.1. U.K.
6.3.3.2. Germany
6.3.3.3. Rest of Europe
6.4. Asia Pacific ULP Market Analysis, 2016 – 2026
6.4.1. Asia Pacific ULP Market, by Type, 2016 – 2026 (US$ Mn)
6.4.2. Asia Pacific ULP Market, by End User, 2016 – 2026 (US$ Mn)
6.4.3. Asia Pacific ULP Market, by Country, 2016 – 2026 (US$ Mn)
6.4.3.1. Japan
6.4.3.2. China
6.4.3.3. Rest of APAC
6.5. Latin America ULP Market Analysis, 2016 – 2026
6.5.1. Latin America ULP Market, by Type, 2016 – 2026 (US$ Mn)
6.5.2. Latin America ULP Market, by End User, 2016 – 2026 (US$ Mn)
6.5.3. Latin America ULP Market, by Country, 2016 – 2026 (US$ Mn)
6.5.3.1. Brazil
6.5.3.2. Mexico
6.5.3.3. Rest of Latin America
6.6. Middle East & Africa (MEA) ULP Market Analysis, 2016 – 2026
6.6.1. MEA ULP Market, by Type, 2016 – 2026 (US$ Mn)
6.6.2. MEA ULP Market, by End User, 2016 – 2026 (US$ Mn)
6.6.3. MEA ULP Market, by Region, 2016 – 2026 (US$ Mn)
6.6.3.1. GCC
6.6.3.2. Rest of MEA

Chapter 7. Company Profiles
7.1. Ossur Global
7.1.1. Business Description
7.1.2. Financial Information (Subject to data availability)
7.1.3. Product Portfolio
7.1.4. Key Developments
7.2. Fillauer LLC
7.3. Endolite India Ltd.
7.4. Ottobock SE & Co. KGaA
7.5. College Park Industries
7.6. Steeper Inc.
7.7. TRS Inc.
7.8. Howard Orthopedics, Inc.
7.9. CPOUSA.COM.
7.10. Coapt, LLC
7.11. The Ohio Willow Wood Company

* ULP - Upper Limb Prosthetics

FIG. 1 Global Upper Limb Prosthetics (ULP) Market: Research Methodology
FIG. 2 Market Size Estimation – Top Down & Bottom up Approach
FIG. 3 Global ULP Market Segmentation
FIG. 4 Global ULP Market, by Type, 2017 (US$ Mn)
FIG. 5 Global ULP Market, by End User, 2017 (US$ Mn)
FIG. 6 Global ULP Market, by Geography, 2017 (US$ Mn)
FIG. 7 Attractive Investment Proposition, by Geography, 2017
FIG. 8 Global Market Positioning of Key ULP Manufacturers, 2017
FIG. 9 Global Mechanical (Body Powered) ULP Market, 2016–2026 (US$ Mn)
FIG. 10 Global Myoelectric (Externally Powered) ULP Market, 2016–2026 (US$ Mn)
FIG. 11 Global Hybrid ULP Market, 2016–2026 (US$ Mn)
FIG. 12 Global ULP Market in Hospitals, 2016–2026 (US$ Mn)
FIG. 13 Global ULP in Orthopedic Clinics, 2016–2026 (US$ Mn)
FIG. 14 Global ULP Rehabilitation Centers, 2016–2026 (US$ Mn)
FIG. 15 U.S. ULP Market, 2016–2026 (US$ Mn)
FIG. 16 Canada ULP Market, 2016–2026 (US$ Mn)
FIG. 17 U.K. ULP Market, 2016–2026 (US$ Mn)
FIG. 18 Germany ULP Market, 2016–2026 (US$ Mn)
FIG. 19 Rest of Europe ULP Market, 2016–2026 (US$ Mn)
FIG. 20 Japan ULP Market, 2016–2026 (US$ Mn)
FIG. 21 China ULP Market, 2016–2026 (US$ Mn)
FIG. 22 Rest of Asia Pacific ULP Market, 2016–2026 (US$ Mn)
FIG. 23 Brazil ULP Market, 2016–2026 (US$ Mn)
FIG. 24 Mexico ULP Market, 2016–2026 (US$ Mn)
FIG. 25 Rest of Latin America ULP Market, 2016–2026 (US$ Mn)
FIG. 26 GCC ULP Market, 2016–2026 (US$ Mn)
FIG. 27 Rest of Middle East & Africa ULP Market, 2016–2026 (US$ Mn)

TABLE 1 Market Snapshot: Global Upper Limb Prosthetics (ULP) Market
TABLE 2 Global ULP Market, by Type, 2016–2026 (US$ Mn)
TABLE 3 Global ULP Market, by End User, 2016–2026 (US$ Mn)
TABLE 4 Global ULP Market, by Geography, 2016–2026 (US$ Mn)
TABLE 5 North America ULP Market, by Type, 2016–2026 (US$ Mn)
TABLE 6 North America ULP Market, by End User, 2016–2026 (US$ Mn)
TABLE 7 North America ULP Market, by Country, 2016–2026 (US$ Mn)
TABLE 8 Europe ULP Market, by Type, 2016–2026 (US$ Mn)
TABLE 9 Europe ULP Market, by End User, 2016–2026 (US$ Mn)
TABLE 10 Europe ULP Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 11 Latin America ULP Market, by Type, 2016–2026 (US$ Mn)
TABLE 12 Latin America ULP Market, by End User, 2016–2026 (US$ Mn)
TABLE 13 Latin America ULP Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 14 Asia Pacific ULP Market, by Type, 2016–2026 (US$ Mn)
TABLE 15 Asia Pacific ULP Market, by End User, 2016–2026 (US$ Mn)
TABLE 16 Asia Pacific ULP Market, by Country/Region, 2016–2026 (US$ Mn)
TABLE 17 Middle East & Africa ULP Market, by Type, 2016–2026 (US$ Mn)
TABLE 18 Middle East & Africa ULP Market, by End User, 2016–2026 (US$ Mn)
TABLE 19 Middle East & Africa ULP Market, by Region, 2016–2026 (US$ Mn)
TABLE 20 Ossur Global: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 21 Fillauer LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 22 Endolite India Ltd.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 23 Ottobock SE & Co. KGaA: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 24 College Park Industries: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 25 Steeper Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 26 TRS Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 27 Howard Orthopedics, Inc.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 28 CPOUSA.COM.: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 29 Coapt, LLC: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)
TABLE 30 The Ohio Willow Wood Company: Company Snapshot (Company Overview; Product Portfolio; Financial Information; Key Developments)

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