Market Size in 2024 | Market Forecast in 2034 | CAGR (in %) | Base Year |
---|---|---|---|
USD 1.25 Billion | USD 5.25 Billion | 15.40% | 2024 |
FrequentlyAsked Questions
Prosthetic arms are artificial limb devices used to replace missing upper limbs for people who have had an amputation or were born with a limb difference.
The prosthetic arm market is expected to be driven by advancements in neural interface technologies, the increasing prevalence of diabetes-related amputations, growing awareness of rehabilitation benefits, expanding healthcare infrastructure, and improved insurance coverage for prosthetic services.
According to our study, the global prosthetic arm market was worth around USD 1.25 billion in 2024 and is predicted to grow to around USD 5.25 billion by 2034.
The CAGR value of the prosthetic arm market is expected to be around 15.40% during 2025-2034.
The global prosthetic arm market will register the highest revenue contribution from North America during the forecast period.
Key players in the prosthetic arm market include Ottobock SE and Co. KGaA, Össur hf., Fillauer LLC, Steeper Group, Mobius Bionics LLC, HDT Global, College Park Industries, WillowWood Global LLC, Liberating Technologies Inc., Advanced Arm Dynamics, Naked Prosthetics, Open Bionics, Psyonic Inc., Infinite Biomedical Technologies, BionX Medical Technologies Inc., Touch Bionics Ltd., RSLSteeper, Prosthetic and Orthotic Associates, Hanger Inc., and Proteor USA.
The report provides a comprehensive analysis of the prosthetic arm market, including an in-depth examination of market drivers, restraints, emerging trends, regional dynamics, and future growth prospects. It also examines the competitive dynamics, technological innovations, distribution strategies, and rehabilitation preferences that shape the advanced prosthetic device market ecosystem.
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