Selbyville, Delaware, January 11, 2021 (GLOBE NEWSWIRE) – According to a reliable, global forecast prosthetics market has reached a valuation of USD 1281.39 million in the year 2019 and is expected to record a yoy growth rate of 4.7% between 2020 and 2025. This rapid expansion can be largely due to the high incidence of diabetes among geriatric populations, reducing the cost of production. , and technological advances in this industry area.
In addition, the research document provides essential information regarding different market segments and includes their own impact on the landscape salary scale of this industry. It assesses the regional scope of the market and provides SWOT analysis of the leading companies operating in this industry directly, ensuring high quality decisions during investment negotiations.
There has been an increase in the number of osteosarcoma cases worldwide. In addition, an alarming increase in the frequency of road accidents coupled with increased voltage-related pollution has contributed to diabetes demand for prosthetics, thus boosting the overall outlook of the industry.
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A collective bias towards accepting sport as a career has increased the number of sports-related injuries. In addition, access to advanced orthotics and prosthetics is contributing to the size of the global prosthetics market.
Gist of market segments
End-user coverage
End-user access to the worldwide prosthetics market includes prosthetics clinics, hospitals, and others. Estimates state that the department of prosthetics clinics is expected to expand significantly during the forecast period. There is a focus among companies towards investing in addition to acquiring prosthetics clinics for better product delivery fueling the regional sector.
Type of Technology
In terms of the type of technology, the market is divided into mechanical limits and bionic members, where the old segment currently accounts for the largest share of the industry and is likely to see steady growth during the expected time. An increase in diabetes among geriatric populations combined with a mismatch for the use of a bionic arm is increasing the demand for mechanical limbs.
Geographical Landscape
The global prosthetics market position is divided into North America, Europe, and Asia-Pacific, with a primary focus on countries such as Canada, the United States, Germany, France, Italy, the United Kingdom United, South Korea, Japan, China and India among others.
As per real estimates, North America seized the largest share in the global prosthetics market in the year 2019 and is expected to show similar expansion trends in the coming years. It should be noted that there are growing cases of osteosarcoma in North America as well as sports-related injuries. In addition, surging R&D investments, a supportive management outlook, and access to advanced healthcare infrastructure favor the regional market situation.
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Meanwhile, the Asia-Pacific prosthetics market is slated to record a strong CAGR through 2025, primarily due to the high frequency of diabetes-related seizures, increased number of road accidents, and initiatives favorable from the government.
Global Prosthetics Global End User Analysis (Revenue, USD Million, 2015-2025)
- Prosthetics clinics
- Ospadalan
- Others
Global Prosthetics Market by Technology Type (Revenue, USD Million, 2015-2025)
- Mechanical limb
- Limb Bionic
Global Prosthetics Market with Reach Application (Revenue, USD Million, 2015-2025)
Global Prosthetics Market Regional Forecast (Revenue, USD Million, 2015-2025)
North America
Europe
- Italy
- France
- United Kingdom
- Germany
Asia-Pacific
- South Korea
- India
- Japan
- China
Global Prosthetics Market Competitive Spectrum (Revenue, USD Million, 2015-2025)
- PROTEOR Group
- Streifeneder ortho.production GmbH
- Biomet Zimmer
- DAW Industries Inc.
- Ottobock SE & Co. KGaA
- Össur hf.
- Fillauer LLC
- WillowWood
- Freedom innovations
- Blatchford
Contents:
1. Research Methodology and Executive Summary
1.1 Research Methodology
1.2 Executive Minutes
2. Strategic proposals
3. Prosthetics Market: Product Preview
3.1 Product forecast
4. Global Prosthetics Market: Enlargement and Outlook
4.1 Market size forecast, by value, year 2015-2025
5. Global Prosthetics Market Seal – By end user, by value
5.1 Global Prosthetics Market Competitive Position: By the end user
5.2 Hospitals – Market Size and Outlook (2015-2025)
5.3 Prosthetics Clinic – Market Size and Outlook (2015-2025)
5.4 Other – Market Size and Outlook (2015-2025)
6. Global Prosthetics Market Seal – By Technology, By Value
6.1 The Competitive Position of Global Prosthetics: With Technology
6.2 Mechanical Boundaries – Market Size and Outlook (2015-2025)
6.3 Bionic Frontiers – Market Size and Outlook (2015-2025)
7. Global Prosthetics Market Seal – By Demand, by Value
7.1 Competitive Position of Global Face Mask: By Request
7.2 Lowest member – market size and outlook (2015-2025)
7.3 Upper Frontier – Market Size and Outlook (2015-2025)
8. Global Prosthetics Market: A Regional Analysis
9. North American Prosthetics Market: A Study (2015-2025)
9.1 North American Prosthetics Market: Size and Outlook (2015-2025)
9.2 North American Prosthetics Market – key players
9.3 End User Market Sharing (Hospitals, Prosthetics Clinic, etc.)
9.4 Technological Market Separation (Bionic Boundaries and Mechanical Boundaries)
9
10. European Prosthetics Market: A Study (2015-2025)
10.1 European Prosthetics Market: Size and Outlook (2015-2025)
10.2 European Prosthetics Market – key players
10.3 End-user market classification (hospitals, prosthetics clinic, others)
10.4 Technological Market Separation (Bionic Boundaries and Mechanical Boundaries)
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11. Asia Pacific Prosthetics Market: A Study (2015-2025)
11.1 Asia Pacific Prosthetics Market: Size and Outlook (2015-2025)
11.2 Asia Pacific Prosthetics Market – Key Players and Turners
11.3 End-user market classification (hospitals, prosthetics clinic, others)
11.4 Technological Market Separation (Bionic and Mechanical Boundaries)
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12. Global Prosthetics Market Dynamics
12.1 Drivers
12.2 Barriers
12.3 Motions
13. Market attractiveness
13.1 Global Prosthetics Market Traction Card – By End User, 2025
13.2 Global Prosthetics Market – With Technology Chart, 2025
13.3 Global Prosthetics Market Attraction Chart – On Demand, 2025
13.4 Global Prosthetics Market Traction Card – By region, 2025
14. Competitive Landscape
Related report:
Upper Limb Prosthetics Market Size, Application Capacity, Competitive Market Share & Outlook to 2025
Upper Limb Prosthetics Market will reach over USD 2.3 billion by 2025, according to a new study report. An increase in the number of trauma cases combined with an increase in amputations will positively impact the growth of the upper arm prosthetics market over the coming years. The growing number of diabetic patients will also contribute to the market of upper arm prosthetics in the future. For example, according to the International Diabetes Federation (IDF), by 2030 approximately 435 million people will suffer from diabetes. Such factors are expected to grow the upper arm prosthetics market over the estimated period.
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