The global upper limb prosthetics market is expected to grow from USD 398 million in 2023 to USD 624.9 million by 2033, registering a CAGR of 4.1% over the forecast period. Currently, upper limb prosthetics contribute to 3.8% of the global prosthetics market, with growth driven by the rising incidence of limb amputation procedures, increasing road accidents, and a growing geriatric population.
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The market is also experiencing significant growth due to advancements in research and development, aimed at enhancing the functionality and comfort of prosthetic limbs. Additionally, the rising prevalence of sports injuries such as tennis elbow is propelling demand for prosthetic elbows. According to the United Kingdom National Health Service, tennis elbow affects 1 to 3% of the population, contributing to the growing need for upper limb prosthetics.
Further, the increasing incidence of osteosarcoma, particularly among teens and adults, is driving market demand. As reported by the American Cancer Society in October 2020, approximately 1,000 new cases of osteosarcoma are diagnosed each year in the United States, often requiring limb amputation and prosthetic solutions for post-surgical rehabilitation.
Key Takeaways:
- The upper limb prosthetics market is projected to grow at a CAGR of 4.1%, reaching USD 624.9 million by 2033.
- Road accidents, limb amputation procedures, and an aging population are key drivers of market growth.
- The market is benefiting from technological advancements in prosthetic design, enhancing functionality and comfort.
- The prevalence of sports injuries like tennis elbow and rising cases of osteosarcoma are further boosting demand for upper limb prosthetics.
- North America is expected to maintain a significant share of the market due to high healthcare standards and increasing cases of osteosarcoma.
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Key Growth Drivers:
- Rising prevalence of injuries due to road accidents and traumatic events.
- Advancements in prosthetic technologies, including bionics and sensor-integrated devices.
- Increasing awareness and access to advanced rehabilitation solutions in emerging economies.
The growing demand for innovative and customizable prosthetic solutions underscores the importance of ongoing research and development in the upper limb prosthetics market.
Growth Drivers:
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- An increase in road accidents and subsequent limb amputations.
- A growing geriatric population, which is more susceptible to conditions requiring prosthetic interventions.
- Advancements in prosthetic technology and increased research and development efforts.
Key Companies Profiled
Touch Bionics Inc.; Fillauer LLC; Endolite India Ltd.; Ottobock SE & Co. KGaA; College Park Industries; Steeper Inc.; TRS Inc.
Upper Limb Prosthetics Market Segmentation by Category
Upper Limb Prosthetics Market by Product:
- Passive Prosthetic Devices
- Body-powered Prosthetic Devices
- Myoelectric Prosthetic Devices
- Hybrid Prosthetic Devices
Upper Limb Prosthetics Market by Component:
- Prosthetic Wrists
- Prosthetic Elbows
- Prosthetic Shoulders
- Prosthetic Arms
- Terminal Devices
Upper Limb Prosthetics Market by Indication:
- Forequarter Amputations
- Shoulder Disarticulations
- Transhumeral Disarticulations
- Elbow Disarticulations
- Transradial Disarticulations
- Wrist Disarticulations
- Partial Hand Amputations
- Fingers Amputations
Upper Limb Prosthetics Market by End User:
- Hospitals
- Prosthetic Clinics
- Rehabilitation Centers
By Region:
- North America
- Latin America
- Europe
- The Middle East and Africa
- East Asia
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