Press Resease

Artificial Limbs Market - Global Industry Analysis

Artificial Limbs Market by Product Type (Lower Extremity, Upper Extremity, Liners, and Sockets), by Technology (Electrically Powered, Cable Operated, and Cosmetic Prosthetics), and by End-User (Hospitals, Prosthetic Clinics, and Rehabilitation Centers): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2024

Published Date: 15-Feb-2019 Category: Medical Device Report Format : PDF Pages: 110 Report Code: ZMR-3824 Status : Published

Global artificial limbs market expected to generate around USD 2,758 million by 2024, at a CAGR of around 5.8% between 2019 and 2024. The global artificial limbs market is likely to be driven by osteoarthritis, which affects the aging population the most and has triggered an increased demand for joint replacement surgeries.

Description

The report covers a forecast and an analysis of the artificial limbs market on a global and regional level. The study provides historical data for 2016, 2017, and 2018 along with a forecast from 2019 to 2024 based on revenue (USD Million). The study includes drivers and restraints of the impact they have on the demand over the forecast period. Additionally, the report includes the study of opportunities available in the artificial limbs market on a global level.

In order to give the users of this report a comprehensive view of the artificial limbs market, we have included a competitive landscape and an analysis of Porter’s Five Forces model for the market. The study encompasses a market attractiveness analysis, wherein all the segments are benchmarked based on their market size, growth rate, and general attractiveness.

Global Artificial Limbs Market

The report provides company market share analysis to give a broader overview of the key players in the market. In addition, the report also covers key strategic developments of the market including acquisitions & mergers, new technology launch, agreements, partnerships, collaborations & joint ventures, research & development, technology, and regional expansion of major participants involved in the market on a global and regional basis. Moreover, the study covers price trend analysis and product portfolio of various companies according to regions.

The study provides a decisive view of the artificial limbs market by segmenting the market based on product type, technology, end-user, and region. All the segments have been analyzed based on present and future trends and the market is estimated from 2019 to 2024. By product type, the market is segmented into lower extremity, upper extremity, liners, and sockets. The technology segment of the artificial limbs market include electrically powered, cable operated, and cosmetic prosthetics. By end-user, the market is segmented into prosthetic clinics, hospitals, and rehabilitation centers.

The regional segmentation of the artificial limbs market includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa with its further divided into major countries including the U.S., Germany, France, the UK, China, Japan, India, and Brazil.

Some key players of the global artificial limbs market are Ossur, Hanger, Inc., Ohio Willow Wood Company, Ottobock, RSL Steeper Group Ltd., PROTEOR, Blatchford Group, Liberating Technologies, Inc., Fillauer LLC, Spinal Technology, Inc., and Optimus Prosthetics, among others.

This report segments the global artificial limbs market into:

Global Artificial Limbs Market: Product Type Analysis

  • Lower Extremity
  • Upper Extremity
  • Liners
  • Sockets 

Global Artificial Limbs Market: Technology Analysis

  • Electrically Powered
  • Cable Operated
  • Cosmetic Prosthetics 

Global Artificial Limbs Market: End-User Analysis

  • Hospitals
  • Prosthetic Clinics
  • Rehabilitation Centers

Global Artificial Limbs Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • Middle East and Africa

Table Of Content

  • Chapter 1. Introduction
    • 1.1. Report description and scope
    • 1.2. Research scope
    • 1.3. Research methodology
      • 1.3.1. Market research process
      • 1.3.2. Market research methodology
  •  
  • Chapter 2. Executive Summary
    • 2.1. Global Artificial Limbs Market, 2016-2024 (USD Million)
    • 2.2. Global Artificial Limbs Market: Snapshot
  •  
  • Chapter 3. Artificial Limbs Market - Industry Dynamics
    • 3.1. Introduction
    • 3.2. Market drivers
      • 3.2.1. Global Artificial Limbs Market drivers: Impact analysis
      • 3.2.2. Increasing geriatric population
      • 3.2.3. The increasing prevalence of chronic diseases
      • 3.2.4. Increasing research and development activities
    • 3.3. Market Restraints
      • 3.3.1. Global Artificial Limbs Market restraints: Impact analysis
      • 3.3.2. The high cost of devices
      • 3.3.3. Uncertain reimbursement scenarios
    • 3.4. Opportunities
      • 3.4.1. Rising adoption in emerging economies
      • 3.4.2. Development of novel technologies
    • 3.5. Porter's Five Forces analysis
      • 3.5.1. Bargaining power of suppliers
      • 3.5.2. Bargaining power of buyers
      • 3.5.3. The threat from new entrants
      • 3.5.4. The threat from new substitutes
      • 3.5.5. Degree of competition
    • 3.6. Market attractiveness analysis
      • 3.6.1. Market attractiveness analysis, by product type
      • 3.6.2. Market attractiveness analysis, by technology
      • 3.6.3. Market attractiveness analysis, by end-user
      • 3.6.4. Market attractiveness analysis, by region
  •  
  • Chapter 4. Global Artificial Limbs Market - Competitive Landscape
    • 4.1. Company Market Share Analysis
      • 4.1.1. Global Artificial Limbs Market: company market share, 2016
    • 4.2. Strategic Development
      • 4.2.1. Acquisitions & Mergers
      • 4.2.2. New Therapy Launch
      • 4.2.3. Agreements, Partnerships, Collaborations, and Joint Ventures
      • 4.2.4. Research and Development and Regional Expansion
    • 4.3. Price Trend Analysis
    • 4.4. Technology Portfolio
  •  
  • Chapter 5. Global Artificial Limbs Market- Product Type Analysis
    • 5.1. Global Artificial Limbs Market: Product Type overview
      • 5.1.1. Global Artificial Limbs Market revenue share, by product type, 2016 and 2024
    • 5.2. Lower Extremity
      • 5.2.1. Global Lower Extremity market, 2016-2024 (USD Million)
    • 5.3. Upper Extremity
      • 5.3.1. Global Upper Extremity market, 2016-2024 (USD Million)
    • 5.4. Liners
      • 5.4.1. Global Liners market, 2016-2024 (USD Million)
    • 5.5. Sockets
      • 5.5.1. Global Sockets market, 2016-2024 (USD Million)
  •  
  • Chapter 6. Global Artificial Limbs Market - Technology Analysis
    • 6.1. Global Artificial Limbs Market: Technology overview
      • 6.1.1. Global Artificial Limbs Market revenue share, by technology, 2016-2024 (USD Million)
    • 6.2. Electrically powered
      • 6.2.1. Global Electrically powered Artificial Limbs Market, 2016-2024 (USD Million)
    • 6.3. Cable Operated
      • 6.3.1. Global Cable Operated Artificial Limbs Market, 2016-2024 (USD Million)
    • 6.4. Cosmetic Prosthetics
      • 6.4.1. Global Cosmetic Prosthetics Artificial Limbs Market, 2016-2024 (USD Million)
  •  
  • Chapter 7. Global Artificial Limbs Market - End-User Analysis
    • 7.1. Global Artificial Limbs Market: End-user overview
      • 7.1.1. Global Artificial Limbs Market revenue share, by end-user, 2016 and 2024
    • 7.2. Hospitals
      • 7.2.1. Global Artificial Limbs Market for Hospitals, 2016-2024 (USD Million)
    • 7.3. Prosthetic Clinics
      • 7.3.1. Global Artificial Limbs Market for Prosthetic Clinics, 2016-2024 (USD Million)
    • 7.4. Rehabilitation Centers
      • 7.4.1. Global Artificial Limbs Market for Rehabilitation Centers, 2016-2024 (USD Million)
  •  
  • Chapter 8. Global Artificial Limbs Market - Regional Analysis
    • 8.1. Global Artificial Limbs Market: Regional overview
      • 8.1.1. Global Artificial Limbs Market revenue share, by region, 2016 and 2024
    • 8.2. North America
      • 8.2.1. North America Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
      • 8.2.2. North America Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
      • 8.2.3. North America Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.2.4. The U.S.
        • 8.2.4.1. The U.S. Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.2.4.2. The U.S. Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.2.4.3. The U.S. Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
    • 8.3. Europe
      • 8.3.1. Europe Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
      • 8.3.2. Europe Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
      • 8.3.3. Europe Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.3.4. Germany
        • 8.3.4.1. Germany Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.3.4.2. Germany Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.3.4.3. Germany Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.3.5. France
        • 8.3.5.1. France Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.3.5.2. France Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.3.5.3. France Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.3.6. UK
        • 8.3.6.1. UK Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.3.6.2. UK Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.3.6.3. UK Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
    • 8.4. Asia Pacific
      • 8.4.1. Asia Pacific Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
      • 8.4.2. Asia Pacific Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
      • 8.4.3. Asia Pacific Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.4.4. China
        • 8.4.4.1. China Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.4.4.2. China Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.4.4.3. China Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.4.5. Japan
        • 8.4.5.1. Japan Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.4.5.2. Japan Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.4.5.3. Japan Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.4.6. India
        • 8.4.6.1. India Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.4.6.2. India Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.4.6.3. India Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
    • 8.5. Latin America
      • 8.5.1. Latin America Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
      • 8.5.2. Latin America Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
      • 8.5.3. Latin AmericaArtificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
      • 8.5.4. Brazil
        • 8.5.4.1. Brazil Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
        • 8.5.4.2. Brazil Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
        • 8.5.4.3. Brazil Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
    • 8.6. The Middle East and Africa
      • 8.6.1. The Middle East and Africa Artificial Limbs Market revenue, by product type, 2016-2024 (USD Million)
      • 8.6.2. The Middle East and Africa Artificial Limbs Market revenue, by technology, 2016-2024 (USD Million)
      • 8.6.3. The Middle East and Africa Artificial Limbs Market revenue, by end-user, 2016-2024 (USD Million)
  •  
  • Chapter 9. Company Profile
    • 9.1. Ohio Willow Wood Company
      • 9.1.1. Overview
      • 9.1.2. Financials
      • 9.1.3. Therapy portfolio
      • 9.1.4. Business strategy
      • 9.1.5. Recent developments
    • 9.2. RSL Steeper Group Ltd.
      • 9.2.1. Overview
      • 9.2.2. Financials
      • 9.2.3. Therapy portfolio
      • 9.2.4. Business strategy
      • 9.2.5. Recent developments
    • 9.3. PROTEOR
      • 9.3.1. Overview
      • 9.3.2. Financials
      • 9.3.3. Therapy portfolio
      • 9.3.4. Business strategy
      • 9.3.5. Recent developments
    • 9.4. Ossur
      • 9.4.1. Overview
      • 9.4.2. Financials
      • 9.4.3. Therapy portfolio
      • 9.4.4. Business strategy
      • 9.4.5. Recent developments
    • 9.5. Hanger, Inc.
      • 9.5.1. Overview
      • 9.5.2. Financials
      • 9.5.3. Therapy portfolio
      • 9.5.4. Business strategy
      • 9.5.5. Recent developments
    • 9.6. Ottobock
      • 9.6.1. Overview
      • 9.6.2. Financials
      • 9.6.3. Therapy portfolio
      • 9.6.4. Business strategy
      • 9.6.5. Recent developments
    • 9.7. Blatchford Group
      • 9.7.1. Overview
      • 9.7.2. Financials
      • 9.7.3. Therapy portfolio
      • 9.7.4. Business strategy
      • 9.7.5. Recent developments
    • 9.8. Liberating Technologies, Inc.
      • 9.8.1. Overview
      • 9.8.2. Financials
      • 9.8.3. Therapy portfolio
      • 9.8.4. Business strategy
      • 9.8.5. Recent developments
    • 9.9. Fillauer LLC
      • 9.9.1. Overview
      • 9.9.2. Financials
      • 9.9.3. Therapy portfolio
      • 9.9.4. Business strategy
      • 9.9.5. Recent developments
    • 9.10. Spinal Technology, Inc.
      • 9.10.1. Overview
      • 9.10.2. Financials
      • 9.10.3. Therapy portfolio
      • 9.10.4. Business strategy
      • 9.10.5. Recent developments
    • 9.11. Optimus Prosthetics
      • 9.11.1. Overview
      • 9.11.2. Financials
      • 9.11.3. Therapy portfolio
      • 9.11.4. Business strategy
      • 9.11.5. Recent developments

List of Figures

1. Market research process
2. Market research methodology
3. Global Artificial Limbs Market revenue, 2016–2024(USD Million)
4. Porter’s Five Forces analysis
5. Artificial Limbs Market attractiveness analysis, by product type
6. Artificial Limbs: Market attractiveness analysis, by technology
7. Artificial Limbs: Market attractiveness analysis, by end-user
8. Artificial Limbs: Market attractiveness analysis, by region
9. Company market share analysis, 2018
10. Global Artificial Limbs Market revenue share by product type, 2016 and 2024
11. Global Lower Extremity market, 2016–2024 (USD Million)
12. Global Upper Extremity market, 2016–2024 (USD Million)
13. Global Liners market, 2016–2024 (USD Million)
14. Global Sockets market, 2016–2024 (USD Million)
15. Global Artificial Limbs Market revenue share by technology, 2016 and 2024
16. Global Electrically powered Artificial Limbs Market, 2016–2024 (USD Million)
17. Global Cable Operated Artificial Limbs Market, 2016–2024 (USD Million)
18. Global Cosmetic Prosthetics Artificial Limbs Market, 2016–2024 (USD Million)
19. Global Artificial Limbs Market revenue share by end-user, 2016 and 2024
20. Global Artificial Limbs Market for Hospitals, 2016–2024 (USD Million)
21. Global Artificial Limbs Market for Prosthetic Clinics, 2016–2024 (USD Million)
22. Global Artificial Limbs Market for Rehabilitation Centers, 2016–2024 (USD Million) 


List of Tables

1. Artificial Limbs Market: Market Snapshot                                                                                                                        
2. Drivers of global Artificial Limbs Market: Impact analysis 
3. Restraints of global Artificial Limbs Market: Impact analysis  
4. North America Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
5. North America Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million) 
6. North America Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million) 
7. The U.S. Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
8. The U.S. Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
9. The U.S. Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
10. Europe Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
11. Europe Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million) 
12. Europe Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
13. UK Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
14. UK Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
15. UK Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
16. Germany Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million)
17. Germany Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
18. Germany Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
19. France Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million)
20. France Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
21. France Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
22. Asia Pacific Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
23. Asia Pacific Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million) 
24. Asia Pacific Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
25. China Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
26. China Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million) 
27. China Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
28. Japan Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million)
29. Japan Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
30. Japan Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
31. India Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million)
32. India Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
33. India Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
34. Latin America Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million) 
35. Latin America Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million) 
36. Latin America Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
37. Brazil Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million)
38. Brazil Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
39. Brazil Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)
40. The Middle East and Africa Artificial Limbs Market revenue, by product type, 2016–2024 (USD Million)
41. The Middle East and Africa Artificial Limbs Market revenue, by technology, 2016–2024 (USD Million)
42. The Middle East and Africa Artificial Limbs Market revenue, by end-user, 2016–2024 (USD Million)

Methodology

Free Analysis

An artificial limb is also called a prosthetics device, which is used as a mechanical replacement for a missing limb. Artificial limbs are lightweight and high-strength custom fabricated devices that are used for amputees with lost their limbs caused by diseases or injuries. The materials used in artificial limbs comprise laminated fibers and plastics, willow wood, carbon-fiber composites, and different metallic alloys. Arm prosthesis, leg prosthesis, and cosmetic prosthesis are some types of prosthetics. Transradial or transhumeral are two main types of arm prosthesis. Transradial prosthetics are used for amputation below the elbow, whereas transhumeral prosthetics are attached to the upper arm in the cases with a missing elbow joint. Leg prosthetics are majorly divided into two types—transfemoral and transtibial. Transfemoral prosthetics comprise an artificial knee joint that is attached to the thigh. Transtibial prosthetics, on the other hand, are used to replace parts missing below the knee.

Growing geriatric population and rising obese population are likely to be the major factors contributing toward the growth of the artificial limbs market over the estimated timeframe globally. Moreover, diseases like osteoarthritis affect the aging population the most, which has triggered an increased demand for joint replacement surgeries. As per the National Limb Loss Information Center, in the U.S., about 1.7 million of the population lives with some type of limb loss. It is expected that 1 out of every 200 individuals will have an amputation in the U.S., due to trauma, vascular complications (such as diabetes), and cancer. Novel technologies and the use of new materials have induced an improvement in the available products and made them more adaptive to patients’ needs.

Global Artificial Limbs Market

By product type, the market is segmented into lower extremity, upper extremity, liners, and sockets. The lower extremity segment is expected to hold a substantial revenue share over the forecast timeline, owing to the increasing geriatric population, unhealthy lifestyle, and rising number of overweight people globally, resulting in high incidences arthritis and osteoarthritis. The technology segment of the artificial limbs market include electrically powered, cable operated, and cosmetic prosthetics. The electrically powered segment held the largest market share in 2018 and is expected to show the highest CAGR over the forecast time period. This can be attributed to the rising adoption of electrically powered devices, owing to their beneficial feature easy availability, and a higher degree of customization. By end-user, the market is segmented into prosthetic clinics, hospitals, and rehabilitation centers. Hospitals are estimated to dominate the global artificial limbs market in the future.

By region, North America is expected to dominate the global artificial limbs market in the future. Well-established medical devices industry, a rising number of research activities for development of novel devices, the growing prevalence of chronic disorders, and continuous technological advancements made in digital techniques across the region is expected to boost the growth of the artificial limbs market in North America over the estimated timeframe. Europe was the second largest market followed by the Asia Pacific region. The Asia Pacific artificial limbs market is projected to register the highest growth rate over the forecast time period, owing to increasing income and altering demographics across the region. The Middle Eastern and African and Latin American markets are expected to experience moderate growth in the years to come.

Some key players of the global artificial limbs market are Ossur, Hanger, Inc., Ohio Willow Wood Company, Ottobock, RSL Steeper Group Ltd., PROTEOR, Blatchford Group, Liberating Technologies, Inc., Fillauer LLC, Spinal Technology, Inc., and Optimus Prosthetics, among others.

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