Upper Limb Prosthetics Market Expected to See Notable Growth in Future – ChattTenn Sports

The global Upper Limb Prosthetics Market was valued at USD 214.8 Million in 2017 and is projected to reach USD 322.6 Million by 2026, growing at a CAGR of 4.6% during the forecast period. Rising rate of cancer, cases of trauma (traffic accidents), bone infections or diseases, and genetic disorders across the globe are fueling the growth of the market. However, inaccessibility of high-end limbs, high cost and supply in remote areas are the factors limiting the growth of upper limb prosthetics market.
Upper limb prostheses are now used at different levels of amputation procedures: shoulder disarticulation, forequarter, transhumeral prosthesis, transradial prosthesis, elbow disarticulation, wrist disarticulation, partial hand, whole hand, partial finger, finger whole. The demand for upper limb prostheses such as externally powered and bionic products in developing countries is gaining momentum along with better healthcare services. High cost of prostheses, lack of well-equipped rehabilitation centers, less awareness, strict regulatory guidelines on advanced products in developing regions are the limiting factors for the market growth over the forecast period.
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Based on restorative materials, the myoelectric (externally powered) prosthetic segment is showing lucrative growth with growing applications in the orthopedic industry. By geography, market revenue in the Asia-Pacific region is seeing upward growth due to the expansion of new products, availability of customized products as well as supportive private funding.
Some of the major players profiled in the upper limb prosthetics market include 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 and The Ohio Willow Wood Company.
Restorative materials covered:
• Hybrid prostheses
• Mechanical prostheses (powered by the body)
• Myoelectric prostheses (externally powered)
Indications covered:
• Elbow disarticulation
• Amputation of fingers
• Forequarter amputations
• Partial hand
• Shoulder disarticulation
• Transhumeral disarticulation (above the elbow)
• Transradial disarticulation (below the elbow)
• Wrist disarticulation
Components Covered:
• Prosthetic arm
• Prosthetic elbow
• Prosthetic shoulders
• Prosthetic wrist
• Terminal devices
Products covered:
• Body-powered prosthetic devices
• Hybrid prosthetic devices
• Myoelectric prosthetic devices
• Passive prosthetic devices
Causes covered:
• Cancer
• Trauma
• Vascular disease and diabetes
End users covered:
• Ambulatory surgery centers
• Hospitals
• Orthopedic clinics
• Prosthetics clinics
• Rehabilitation centers
Regions covered:
• North America
o United States
o Canada
o Mexico
• Europe
o Germany
o United Kingdom
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia-Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East and Africa
o Saudi Arabia
o WATER
oQatar
o South Africa
o Rest of the Middle East and Africa
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