Global Artificial Limbs Market : Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2015 to 2020 and Forecast 2021 to 2027

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Global Artificial Limbs Market: By Type (Lower Extremity, Upper Extremity, and Compression Therapy) By Technology (Body Powered or Cable Operated, Cosmetic Prosthetics, Myoelectric or Electrically powered, and Others), By Material (Titanium, Plastics, and Others), By End User (Hospitals, Orthopaedic Clinics, Ambulatory Surgical Centres, Rehabilitation Centres, and Prosthetic Clinics) and Geography.

 

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Report

Description

The global artificial limbs market size valued USD 6.08 billion in 2020 and expected to reach USD 12.4 billion by 2027, at a CAGR of 4.5% during the forecast period 2021-2027. Artificial limbs are the customized fabricated limbs which act as substitute for the amputees who lost limbs. Type of limbs to be used is determined by the extent of amputation and location of missing extremity. Artificial limbs must possess certain qualities such as high strength and low weight. Rising geriatric population who are highly prone to the bone and muscle related disorders and diseases like osteoarthritis and osteoporosis are expected to drive the market. According to WHO, by 2050, global population above 60 years of age are going to reach 2 Mn. The market witnessing high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (expansions, new product launches, marketing and promotion, agreements, collaborations, contracts, partnerships, and joint ventures) to increase their market shares and establish a strong foothold in the global artificial limbs market.

Artificial Limbs Market

MARKET SUMMARY
-
4.5% CAGR
  • Study Period– 2021 – 2027
  • Base Year– 2020
  • CAGR– 4.5%
  • Largest Market– Asia-Pacific
  • Fastest Growing Market– North America

Artificial Limbs Market

  • The report on global artificial limbs market gives historical, current and future market sizes (US$ Bn) based on by type, by technology, by material, end user and geographical regions
  • artificial limbs market report gives comprehensive outlook across the region with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America and Middle East and Africa.
Key Players
  • Blatchford Group
  • Ohio Willow Wood Company
  • Ottobock
  • RSL Steeper Group Ltd
  • PROTEOR
Artificial Limbs Market

Drivers And Restraints

Rising prevalence of obesity and diabetes, poor physical activity, and growing trend of consumption of alcohol and smoking, innovations osteology field, growing incidence of accidents and injuries related to sports, are the factors, which are propelling the growth of artificial limbs market. Increasing cost burden of the surgeries, lack of skilled professionals, lack of reimbursement policies are hampering the growth of the artificial limbs market.


North-America got significant share

Artificial Limbs Market

Geographically, global artificial limbs market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. North America is dominating the global artificial limbs market owing to the rise in acceptance of technological advanced products, huge patient affordability, and well-established healthcare infrastructure. Europe artificial limbs market is anticipated to hold next position to North America due to the substantial advancements in the technology. Asia-Pacific artificial limbs market is anticipated to show high growth during the forecast period owing to growing geriatric population, developing healthcare infrastructure, and rising healthcare spending.

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East
Artificial Limbs Market Segmentation


Location

GEOGRAPHY


Report

Table Of Content


Report

Company Profile

  • Kerry Group Plc. (Ireland)
  • Marfrig Group. (Brazil)
  • BRF S.A. (Brazil)
  • Pilgrim’s Pride Corporation (U.S.)
  • Associated British Foods Plc. (U.K.)
  • Cargill Incorporated (U.S.)
  • Tyson Foods, Inc. (U.S.)

Description

The global artificial limbs market size valued USD 6.08 billion in 2020 and expected to reach USD 12.4 billion by 2027, at a CAGR of 4.5% during the forecast period 2021-2027. Artificial limbs are the customized fabricated limbs which act as substitute for the amputees who lost limbs. Type of limbs to be used is determined by the extent of amputation and location of missing extremity. Artificial limbs must possess certain qualities such as high strength and low weight. Rising geriatric population who are highly prone to the bone and muscle related disorders and diseases like osteoarthritis and osteoporosis are expected to drive the market. According to WHO, by 2050, global population above 60 years of age are going to reach 2 Mn. The market witnessing high competitive intensity, as there are several big and many small firms with similar product offerings. These companies adopt various strategies (expansions, new product launches, marketing and promotion, agreements, collaborations, contracts, partnerships, and joint ventures) to increase their market shares and establish a strong foothold in the global artificial limbs market.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX