Artificial Limb Market is Set To Fly High in Years to Come | Hanger, Ossur, Freedom Innovations
According to HTF Market Intelligence, the Global Artificial Limb market to witness a CAGR of 5.4% during forecast period of 2023-2028. The market is segmented by Global Artificial Limb Market Breakdown by Type (Upper Artificial Limbs, Lower Artificial Limbs) by Technology (Cosmetic Prosthetics, Cable Operated/ Body Powered, Electrically powered/ myoelectric, Others) by End User (Hospitals, Prosthetic Clinics, Rehabilitation Centers) and by Geography (North America, South America, Europe, Asia Pacific, MEA). The Artificial Limb market size is estimated to increase by USD 0.72 Billion at a CAGR of 5.4% from 2023 to 2028. The report includes historic market data from 2017 to 2022E. Currently, market value is pegged at USD 1.61 Billion.
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The artificial limb market refers to the industry that designs, manufactures, and sells prosthetic limbs to individuals who have lost or were born without a limb. Artificial limbs are also known as prosthetic limbs, which are designed to replace the functionality of a missing limb, allowing an individual to perform daily activities and improve their quality of life. The market for artificial limbs includes a wide range of products, from basic prosthetics to advanced bionic limbs that use sophisticated technology to mimic the movements of a natural limb. The market also includes various types of artificial limbs for different parts of the body, including arms, hands, legs, and feet. The artificial limb market is constantly evolving, with advancements in materials, technology, and manufacturing processes leading to more innovative and functional products.
Artificial Limb market – Key Segment Analysis
The market share growth by the Upper Artificial Limbs, Lower Artificial Limbs segment will be significant during the forecast period. The segment is driven by the Increasing instances of Vascular or Diabetic Patients.
Artificial Limb market – Competition Analysis
The global Artificial Limb market is seeing several joint ventures to intensify the capability of manufacturers and/or companies to establish geographic footprints to new territory. The vendors are accelerating M&A strategies to expand their geographical reach, which is shaping the market toward new growth cycle. The list of players that are profiled in the study are Hanger, Inc. (United States), Ossur (Iceland), Freedom Innovations (United States), Fillauer Companies, Inc. (United States), Blatchford Group (United States), Otto Bock (Germany), Steeper Group (United Kingdom), Roadrunnerfoot Engineering Srl (Italy), Trulife (Ireland), Orthotic & Prosthetic Centers (United States).
Artificial Limb market – Geographical Outlook
North America will provide maximum growth opportunities in Artificial Limb market. According to our research, the region will account for xx% of the global market growth during the forecast period. The market in North America is driven by Extensive Research and Developments in Artificial Limbs Development.
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What key data is demonstrated in this Artificial Limb market report?
• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the Artificial Limb market between 2023 and 2028
• Precise estimation of the size of the Artificial Limb market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behaviour
• Value in dollar term and growth of the market industry across APAC, Europe, North America, South America, and Middle East and Africa; further broken down by major country within region.
• Thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of Artificial Limb market players
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Some Extracts from Table of Content
Some Extracts from Table of Content
– Overview of Artificial Limb Market
– Market dynamics
Growth Drivers, Market Trends, Opportunities and Challenges
– Five Forces Analysis
Bargaining power of buyers, bargaining power of suppliers, Threat of new entrants, Threat of substitutes, Threat of rivalry
– Artificial Limb Size (USD & Sales Volume) Comparison by Type (2017-2028)
– Artificial Limb Size (USD & Consumption) and Market Share Comparison by Application (2017-2028)
– Artificial Limb Size (Value & Volume) Comparison by Region (2017-2028)
– Market Capacity, Production, Export-Import by Region (2017-2022E)
– Artificial Limb Market Sales, Revenue and Growth Rate (2017-2028)
– Competitive Situation and Trends
– Market Positioning and Share Analysis (2020-2022E)
– Suppliers High-Performance Operational Base Distribution
– Analyse competitors, Profiles, Sales Area, Product Category
– Artificial Limb Cost Analysis
– Marketing Strategy Analysis
– Research Conclusions
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