Upper Limb Prosthetics Market Size to Grow USD 1506.44 Bn by 2033

According to a recent research report titled “Upper Limb Prosthetics Market (By Component: Prosthetic Arm, Prosthetic Elbow, Prosthetic Wrist, Prosthetic Shoulder, Others; By Product Type: Passive Prosthetic Devices, Body Powered Prosthetic Devices, Myoelectric Prosthetic Devices, Hybrid Prosthetic Devices; By End-user: Hospitals, Prosthetic Clinics, Others) – Global Industry Analysis, Size, Share, Growth, Trends, Regional Outlook, and Forecast 2024-2033″ published by Precedence Research, the global upper limb prosthetics market size is projected to touch around USD 1,506.44 million by 2033 and growing at a CAGR of 5.17% over the forecast period 2024 to 2033. This comprehensive study examines various factors and their impact on the growth of the upper limb prosthetics market.

Key Points

• North America dominated the market with the largest market of 43% in 2023.
• Asia Pacific is projected to experience the highest growth during the forecast period.
• By component, the prosthetic arm segment dominated the market in 2023 and is expected to experience further growth over the forecast period.
• By component, the prosthetic wrist segment is poised for significant growth in the forecast period.
• By product, the passive prosthetic devices segment dominated the market with the largest share of 35% in 2023.
• By product, the body-powered prosthetic devices segment is expected to experience the fastest growth rate during the forecast period.
• By end-user, the prostetic clinics segment dominated the market in 2023.
• By end-user, the hospitals segment is poised for substantial growth throughout the forecast period.

The report primarily focuses on the volume and value of the upper limb prosthetics market at the global, regional, and company levels. At the global level, the report analyzes historical data and future prospects to present an overview of the overall market size. Regionally, the study emphasizes key regions such as North America, Europe, the Middle East & Africa, Latin America, and others.

Furthermore, the research report provides specific segmentations based on regions (countries), companies, and all market segments. This analysis offers insights into the growth and revenue trends during the historical period of 2021 to 2033, as well as the projected period. By understanding these segments, it becomes possible to identify the significance of different factors that contribute to market growth.

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The research also highlights significant progressions in both organic and inorganic growth strategies within the global upper limb prosthetics market. Numerous companies are placing emphasis on new product launches, gaining product approvals, and implementing various business expansion tactics. Moreover, the report presents detailed profiles of firms operating in the upper limb prosthetics market, along with their respective market strategies. Additionally, the study concentrates on prominent industry participants, furnishing details such as company profiles, product offerings, financial updates, and noteworthy advancements.

Upper Limb Prosthetics Market Scope

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Major Key Points Covered in the Report:

Executive Summary: It includes key trends of the electric vehicle fuel cell market related to products, applications, and other crucial factors. It also provides an analysis of the competitive landscape and CAGR and market size of the electric vehicle fuel cell market based on production and revenue.

Production and Consumption by Region: It covers all regional markets to which the research study relates. Prices and key players in addition to production and consumption in each regional market are discussed.

Key Players: Here, the report throws light on financial ratios, pricing structure, production cost, gross profit, sales volume, revenue, and gross margin of leading and prominent companies competing in the Electric vehicle fuel cell market.

Market Segments: This part of the report discusses product, application and other segments of the electric vehicle fuel cell market based on market share, CAGR, market size, and various other factors.

Research Methodology: This section discusses the research methodology and approach used to prepare the report. It covers data triangulation, market breakdown, market size estimation, and research design and/or programs.

Market Key Players

The report incorporates company profiles of key players in the market. These profiles encompass vital information such as product portfolio, key strategies, and a comprehensive SWOT analysis for each player. Additionally, the report presents a matrix illustrating the presence of each prominent player, enabling readers to gain actionable insights. This facilitates a thoughtful assessment of the market status and aids in predicting the level of competition in the upper limb prosthetics market.

Upper Limb Prosthetics Market Companies

• Össur
• Ottobock
• Steeper Group.
• Fillauer LLC
• Open Bionics
• Comprehensive Prosthetics & Orthotics
• COAPT LLC.
• Mobius Bionics.
• Protonix
• Motorica

Segments Covered in the Report

By Component

• Prosthetic Arm
• Prosthetic Elbow
• Prosthetic Wrist
• Prosthetic Shoulder
• Others

By Product Type

• Passive Prosthetic Devices
• Body Powered Prosthetic Devices
• Myoelectric Prosthetic Devices
• Hybrid Prosthetic Devices

By End-user

• Hospitals
• Prosthetic Clinics
• Others

By Geography

• North America
• Europe
• Asia-Pacific
• Latin America
• Middle East and Africa

Table of Content

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Upper Limb Prosthetics Market 

5.1. COVID-19 Landscape: Upper Limb Prosthetics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Upper Limb Prosthetics Market, By Component

8.1. Upper Limb Prosthetics Market Revenue and Volume, by Component, 2024-2033

8.1.1 Prosthetic Arm

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Prosthetic Elbow

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Prosthetic Wrist

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Prosthetic Shoulder

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Upper Limb Prosthetics Market, By Product Type

9.1. Upper Limb Prosthetics Market Revenue and Volume, by Product Type, 2024-2033

9.1.1. Passive Prosthetic Devices

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Body Powered Prosthetic Devices

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Myoelectric Prosthetic Devices

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Hybrid Prosthetic Devices

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Upper Limb Prosthetics Market, By End-user 

10.1. Upper Limb Prosthetics Market Revenue and Volume, by End-user, 2024-2033

10.1.1. Hospitals

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Prosthetic Clinics

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Others

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Upper Limb Prosthetics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.1.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.1.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.1.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.1.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.5.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.5.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.5.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

Chapter 12. Company Profiles

12.1. Össur

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Ottobock

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Steeper Group.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Fillauer LLC

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Open Bionics

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Comprehensive Prosthetics & Orthotics

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. COAPT LLC.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Mobius Bionics

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Protonix

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Motorica

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Why should you invest in this report?

This report presents a compelling investment opportunity for those interested in the global upper limb prosthetics market. It serves as an extensive and informative guide, offering clear insights into this niche market. By delving into the report, you will gain a comprehensive understanding of the various major application areas for upper limb prosthetics. Furthermore, it provides crucial information about the key regions worldwide that are expected to experience substantial growth within the forecast period of 2024-2033. Armed with this knowledge, you can strategically plan your market entry approaches.

Moreover, this report offers a deep analysis of the competitive landscape, equipping you with valuable insights into the level of competition prevalent in this highly competitive market. If you are already an established player, it will enable you to assess the strategies employed by your competitors, allowing you to stay ahead as market leaders. For newcomers entering this market, the extensive data provided in this report is invaluable, providing a solid foundation for informed decision-making.

Some of the key questions answered in this report:       

• What is the size of the overall Upper limb prosthetics market and its segments?
• What are the key segments and sub-segments in the market?
• What are the key drivers, restraints, opportunities and challenges of the Upper limb prosthetics market and how they are expected to impact the market?
• What are the attractive investment opportunities within the Upper limb prosthetics market?
• What is the Upper limb prosthetics market size at the regional and country-level?
• Who are the key market players and their key competitors?
• What are the strategies for growth adopted by the key players in Upper limb prosthetics market?
• What are the recent trends in Upper limb prosthetics market? (M&A, partnerships, new product developments, expansions)?
• What are the challenges to the Upper limb prosthetics market growth?
• What are the key market trends impacting the growth of Upper limb prosthetics market?

 

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