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The Prosthetic Limbs Market was valued at USD 1.95 billion in 2023, and is expected to reach USD 3.07 billion by 2032, and grow at a CAGR of 5.18% over the forecast period 2024-2032.
The future of prosthetic limbs is mainly depending on two main things: what people need and what's technically possible means on the basis of demand. In developing countries and under budget constraints, the market is expected to see a rise in affordable, basic prosthetics. This caters to a wider population and addresses financial limitations faced by many healthcare systems globally.
However, demand also drives innovation that is technological advancements from aerospace and computer industries are being adapted to create high-performance prosthetics that mimic natural limbs more closely. These innovations often start with limited use by well-funded individuals, particularly athletes. As experience accumulates, manufacturers translate these principles to create more affordable versions for less active users. This ultimately improves the overall performance of prosthetics across the board.
Prosthetics have come a long way from clunky wood and metal limbs. Now a days, advanced materials like carbon fiber and 3D printing allow for lighter, more natural-looking prosthetics tailored to each user. Beyond materials, innovations like myoelectric control and neural interfaces are giving amputees more intuitive control and even the potential for sensation. The future holds promise for AI-powered prosthetics that can learn and adapt to their users, seamlessly integrating with the body for a more natural experience.
The field of prosthetics is experiencing a surge in advancements due to advance technologies like robotics, 3D printing, AI, VR, and motion sensors. The National Institutes of Health (NIH) plays a key role in this progress. For over a decade, they've funded projects exploring brain-computer interfaces (BCI). These BCIs use implanted electrodes to translate brain signals into movement for prosthetic limbs, offering users greater control and freedom. Technological breakthroughs are exciting, but understanding their impact is crucial. This is where the Limb Loss and Preservation Registry comes in. Established in 2020 by a collaborative effort between the NIH, the U.S. Department of Defense, and the Mayo Clinic, this archive leverages electronic health records to track the number of amputees in the US. This data helps researchers and healthcare professionals understand the costs and effectiveness of different treatment options, ultimately leading to better outcomes for patients.
Amputation is surprisingly common in the US, affecting roughly 1 in 200 people. The number is expected to rise due to an aging population with more diabetes and vascular disease. The US sees a high rate of amputations, with around 500 happening daily. This number is likely to climb as diabetes and vascular disease become more prevalent with a growing older population.
The war in Ukraine has tragically highlighted the need for advanced prosthetics. With an estimated 20,000 to 50,000 amputees from the conflict, healthcare systems face immense pressure. A recent development addresses this challenge through a unique approach – concealing prosthetic limbs with textiles.
This collaboration between Running Guy Studio, a London-based design studio, and SYLA, an advanced knee prosthetics company, tackles inclusivity by making prosthetics less noticeable. They utilize textiles to create a cosmetic cover that integrates seamlessly with the amputee's clothing. This innovative design enhances comfort and confidence, promoting social acceptance and a more natural integration of the prosthesis into daily life.
As per MIT Researchers developed a new prosthetic leg technology that reconnects amputated leg muscles. Sensors on these muscles send signals to a controller, mimicking natural leg movement. In a study, amputees with this technology walked 41% faster and had better balance compared to those with standard prosthetics. This suggests the potential for more natural and even athletic movement for amputees.
Drivers
An Aging Population Fuels Demand For Upper Limb Prosthetic
A key driver of the prosthetic limb market is the growing geriatric population worldwide as people age, they become more susceptible to falls and injuries. This, coupled with the increasing desire for independence among older adults, is expected to significantly boost the market. Statistics show a rapid rise in the number of individuals over 65 globally, with over 610 million, or roughly 8% of the population, currently in this age bracket.
Furthermore, age-related conditions like bone tumors can necessitate limb-salvage surgery, which can sometimes lead to upper limb amputations. In children, over 3% of cancers are bone tumors, with Osteosarcoma being the most common. These amputations create a demand for prosthetic solutions like prosthetics limb to regain functionality after surgery.
Prosthetics limb market is constantly evolving, driven by advancements in technology and a focus on improving the quality of life for amputees. As new innovations emerge and the need for more lifelike and functional prosthetics increases, the prosthetic limb market is poised for continued growth.
Road Accidents And Technological Advancements Drive Prosthetic Limb Market
Road accidents are the leading cause of traumatic amputations, and with careless behavior contributing to these accidents, the number of amputations due to traffic incidents is expected to keep rising. According to the WHO, roughly 1.3 million people globally lose their lives yearly due to road accidents.
The field of prosthetic limb is experiencing exciting advancements that are making these devices more attractive options for amputees. This includes:
Development of hybrid nanomaterials has led to prosthetics that are more efficient and durable, improving the quality of life for users. Advancements in materials, manufacturing, and electronics have yielded more sophisticated and functional prosthetics. Examples include myoelectric prosthetics that utilize muscle signals for hand control and 3D printing for custom-designed prostheses.
Restraints
Financial limitations remain the biggest hurdle in prosthetic rehabilitation.
Despite the clear benefits of advanced prosthetic devices, their high cost remains a major barrier to wider adoption. Prosthetists prescribe these custom-made devices, and the price tag soars with increasing complexity. A 2021 article by BionicsForEveryone revealed that bionic hands in the US can range from a staggering USD 8,000 to a jaw-dropping USD 100,000. Even with newer companies entering the market, the price range remains hefty, typically between USD 8,000 and USD 30,000.
By Type
The lower limb prosthetics dominated the market with 62.40% share in 2023 due to several factors such as globally, lower limb amputations are significantly more common compared to upper limb amputations. This creates a larger patient pool requiring these prosthetics. The segment is constantly innovating. For example, the recent development of an intelligent prosthetic knee by ISRO in India offers a more comfortable gait for above-knee amputees at a potentially lower cost. The increasing prevalence of diabetes and orthopedic diseases, which can lead to amputations, further fuels the growth of this segment.
The upper limb prosthetics segment held promise for future growth with more people are opting for upper limb prosthetics to regain functionality after amputations. The rising number of accidents and injuries that can lead to upper limb amputations will contribute to the demand for these prosthetics.
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By Technology
Conventional Prosthetics, these body-powered devices dominated the market in 2023 with 63.23% share due to their significantly lower cost compared to other technologies.
Electric Prosthetics is expected to be the fastest growing segment in coming years, including myoelectric and micro-controlled devices, is experiencing a surge in demand. Reasons for this growth includes government and private insurance companies are increasingly covering electric prosthetics, making them more accessible to patients. Electric prosthetics offer significant advantages like reduced harnessing, effortless control, and more natural movements, leading to better patient experiences.
Key players are actively launching new electric prosthetics, further fueling market growth. For instance, Steeper Inc.'s launch of a new, reasonable myoelectric system in September 2021.
By Component
Sockets held the largest market share with 41.08% in 2023 due to frequent replacements in every few years and ongoing research to improve their efficacy and user comfort.
The joint segment is experiencing the fastest growth due to regular wear-and-tear requiring replacements, and a rising number of amputations from trauma and diseases.
Regional Analysis
North America dominated in the limb prosthetics market with 37.88% share in 2023, driven by factors like high amputation rates, a strong focus on advanced technology, favorable reimbursement policies, and significant healthcare spending. The Amputee Coalition estimates that 3.6 million people in the US alone will require prosthetics by 2050.
Europe follows closely behind, bolstered by positive government policies, a large amputee population, and a growing adoption of innovative prosthetic solutions. Strategic acquisitions by major players, like Ottobock's purchase of Livit B.V. in 2022, further strengthen Europe's market share.
The Asia Pacific region holds immense potential for future growth due to its rapidly aging population and rising prevalence of diseases like diabetes. This demographic shift, coupled with increasing awareness of prosthetics, is projected to propel the region to the highest Compound Annual Growth Rate (CAGR) in the coming years.
Medtronic, Ortho Europe, Fillauer LLC (Fillauer Companies, Inc.), Uniprox (Bauerfeind), Hanger, Inc., Steeper Inc., Össur, Ottobock, WillowWood Global LLC., Blatchford Limited, RSL Steeper Group Ltd., Blatchford Group and others.
Recent Developments
WillowWood Debuts Fiberglass META Shock X in July 2023
This prosthetic leg boasts a META-Unibody platform and a compact build height, offering increased fitting options for individuals with varying limb lengths.
Fillauer Launches Streamlined Myoelectric System in June 2023
The Myo/One Electrode system, created in collaboration with Coapt, provides a waterproof and streamlined solution for myoelectric prosthetics. It replaces multiple components (fabrication aids, cables, etc.) with a single cable and offers two connection options for compatibility with most dual-site myoelectric devices.
WillowWood and Coapt Introduce Innovative Liner System in May 2023
The Alpha Control Liner System is a novel prosthetic liner with fixed electronics. This system improves control for myoelectric prosthesis users by ensuring consistent and comfortable electrode contact with the skin. Additionally, the Coapt Complete Control system utilizes machine learning to interpret user intent and enhance prosthetic control.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 1.95 billion |
| Market Size by 2032 | US$ 3.07 Billion |
| CAGR | CAGR of 5.18% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | •By Type (Upper Limb Prosthetics, Lower Limb Prosthetics) • By Technology (Conventional Prosthetic Devices, Electric Prosthetic Devices, Hybrid Prosthetic Devices) •By Component (Socket, Appendage, Joint, Connecting Module, Others) • By End-user (Orthotists & Prosthetists (O&P) Clinics, Orthopedic Clinics, Others) |
| Regional Analysis/Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East], Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia, Rest of Latin America) |
| Company Profiles | Medtronic, Ortho Europe, Fillauer LLC (Fillauer Companies, Inc.), Uniprox (Bauerfeind), Hanger, Inc., Steeper Inc., Össur, Ottobock, WillowWood Global LLC., Blatchford Limited, RSL Steeper Group Ltd., Blatchford Group and others. |
| Key Drivers | • An Aging Population Fuels Demand For Upper Limb Prosthetic • Road Accidents And Technological Advancements Drive Prosthetic Limb Market |
| Restraints | • Financial limitations remain the biggest hurdle in prosthetic rehabilitation |
Ans: The estimated compound annual growth rate is 5.18% during the forecast period for the Prosthetic Limbs market.
Ans: The projected market value of the Prosthetic Limbs market is estimated USD 1.95 Billion in 2023 and expected to reach USD 3.07 Billion by 2032.
Ans: An aging population fuels demand for upper limb prosthetic is one of the drivers of the Prosthetic Limbs market.
Ans: Financial limitations remain the biggest hurdle in prosthetic rehabilitation which is one of the restraints of the Prosthetic Limbs market.
Ans: North America is the dominating region with 37.88% share in the Prosthetic Limbs market.
TABLE OF CONTENTS
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Industry Flowchart
3. Research Methodology
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
4.4 Challenges
5. Porter’s 5 Forces Model
6. Pest Analysis
7. Prosthetic Limbs Market Segmentation, by Type
7.1 Introduction
7.2 Upper Limb Prosthetics
7.3 Lower Limb Prosthetics
8. Prosthetic Limbs Market Segmentation, by Technology
8.1 Introduction
8.2 Conventional Prosthetic Devices
8.3 Electric Prosthetic Devices
8.4 Hybrid Prosthetic Devices
9. Prosthetic Limbs Market Segmentation, by Component
9.1 Introduction
9.2 Socket
9.3 Appendage
9.4 Joint
9.5 Connecting Module
9.6 Others
10. Prosthetic Limbs Market Segmentation, by End-user
10.1 Introduction
10.2 Orthotists & Prosthetists (O&P) Clinics
10.3 Orthopedic Clinics
10.4 Others
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 Trend Analysis
11.2.2 North America Prosthetic Limbs Market by Country
11.2.3 North America Prosthetic Limbs Market by Type
11.2.4 North America Prosthetic Limbs Market by Technology
11.2.5 North America Prosthetic Limbs Market by Component
11.2.6 North America Prosthetic Limbs Market by End-user
11.2.7 USA
11.2.7.1 USA Prosthetic Limbs Market by Type
11.2.7.2 USA Prosthetic Limbs Market by Technology
11.2.7.3 USA Prosthetic Limbs Market by Component
11.2.7.4 USA Prosthetic Limbs Market by End-user
11.2.8 Canada
11.2.8.1 Canada Prosthetic Limbs Market by Type
11.2.8.2 Canada Prosthetic Limbs Market by Technology
11.2.8.3 Canada Prosthetic Limbs Market by Component
11.2.8.4 Canada Prosthetic Limbs Market by End-user
11.2.9 Mexico
11.2.9.1 Mexico Prosthetic Limbs Market by Type
11.2.9.2 Mexico Prosthetic Limbs Market by Technology
11.2.9.3 Mexico Prosthetic Limbs Market by Component
11.2.9.4 Mexico Prosthetic Limbs Market by End-user
11.3 Europe
11.3.1 Trend Analysis
11.3.2 Eastern Europe
11.3.2.1 Eastern Europe Prosthetic Limbs Market by Country
11.3.2.2 Eastern Europe Prosthetic Limbs Market by Type
11.3.2.3 Eastern Europe Prosthetic Limbs Market by Technology
11.3.2.4 Eastern Europe Prosthetic Limbs Market by Component
11.3.2.5 Eastern Europe Prosthetic Limbs Market by End-user
11.3.2.6 Poland
11.3.2.6.1 Poland Prosthetic Limbs Market by Type
11.3.2.6.2 Poland Prosthetic Limbs Market by Technology
11.3.2.6.3 Poland Prosthetic Limbs Market by Component
11.3.2.6.4 Poland Prosthetic Limbs Market by End-user
11.3.2.7 Romania
11.3.2.7.1 Romania Prosthetic Limbs Market by Type
11.3.2.7.2 Romania Prosthetic Limbs Market by Technology
11.3.2.7.3 Romania Prosthetic Limbs Market by Component
11.3.2.7.4 Romania Prosthetic Limbs Market by End-user
11.3.2.8 Hungary
11.3.2.8.1 Hungary Prosthetic Limbs Market by Type
11.3.2.8.2 Hungary Prosthetic Limbs Market by Technology
11.3.2.8.3 Hungary Prosthetic Limbs Market by Component
11.3.2.8.4 Hungary Prosthetic Limbs Market by End-user
11.3.2.9 Turkey
11.3.2.9.1 Turkey Prosthetic Limbs Market by Type
11.3.2.9.2 Turkey Prosthetic Limbs Market by Technology
11.3.2.9.3 Turkey Prosthetic Limbs Market by Component
11.3.2.9.4 Turkey Prosthetic Limbs Market by End-user
11.3.2.10 Rest of Eastern Europe
11.3.2.10.1 Rest of Eastern Europe Prosthetic Limbs Market by Type
11.3.2.10.2 Rest of Eastern Europe Prosthetic Limbs Market by Technology
11.3.2.10.3 Rest of Eastern Europe Prosthetic Limbs Market by Component
11.3.2.10.4 Rest of Eastern Europe Prosthetic Limbs Market by End-user
11.3.3 Western Europe
11.3.3.1 Western Europe Prosthetic Limbs Market by Country
11.3.3.2 Western Europe Prosthetic Limbs Market by Type
11.3.3.3 Western Europe Prosthetic Limbs Market by Technology
11.3.3.4 Western Europe Prosthetic Limbs Market by Component
11.3.3.5 Western Europe Prosthetic Limbs Market by End-user
11.3.3.6 Germany
11.3.3.6.1 Germany Prosthetic Limbs Market by Type
11.3.3.6.2 Germany Prosthetic Limbs Market by Technology
11.3.3.6.3 Germany Prosthetic Limbs Market by Component
11.3.3.6.4 Germany Prosthetic Limbs Market by End-user
11.3.3.7 France
11.3.3.7.1 France Prosthetic Limbs Market by Type
11.3.3.7.2 France Prosthetic Limbs Market by Technology
11.3.3.7.3 France Prosthetic Limbs Market by Component
11.3.3.7.4 France Prosthetic Limbs Market by End-user
11.3.3.8 UK
11.3.3.8.1 UK Prosthetic Limbs Market by Type
11.3.3.8.2 UK Prosthetic Limbs Market by Technology
11.3.3.8.3 UK Prosthetic Limbs Market by Component
11.3.3.8.4 UK Prosthetic Limbs Market by End-user
11.3.3.9 Italy
11.3.3.9.1 Italy Prosthetic Limbs Market by Type
11.3.3.9.2 Italy Prosthetic Limbs Market by Technology
11.3.3.9.3 Italy Prosthetic Limbs Market by Component
11.3.3.9.4 Italy Prosthetic Limbs Market by End-user
11.3.3.10 Spain
11.3.3.10.1 Spain Prosthetic Limbs Market by Type
11.3.3.10.2 Spain Prosthetic Limbs Market by Technology
11.3.3.10.3 Spain Prosthetic Limbs Market by Component
11.3.3.10.4 Spain Prosthetic Limbs Market by End-user
11.3.3.11 Netherlands
11.3.3.11.1 Netherlands Prosthetic Limbs Market by Type
11.3.3.11.2 Netherlands Prosthetic Limbs Market by Technology
11.3.3.11.3 Netherlands Prosthetic Limbs Market by Component
11.3.3.11.4 Netherlands Prosthetic Limbs Market by End-user
11.3.3.12 Switzerland
11.3.3.12.1 Switzerland Prosthetic Limbs Market by Type
11.3.3.12.2 Switzerland Prosthetic Limbs Market by Technology
11.3.3.12.3 Switzerland Prosthetic Limbs Market by Component
11.3.3.12.4 Switzerland Prosthetic Limbs Market by End-user
11.3.3.13 Austria
11.3.3.13.1 Austria Prosthetic Limbs Market by Type
11.3.3.13.2 Austria Prosthetic Limbs Market by Technology
11.3.3.13.3 Austria Prosthetic Limbs Market by Component
11.3.3.13.4 Austria Prosthetic Limbs Market by End-user
11.3.3.14 Rest of Western Europe
11.3.3.14.1 Rest of Western Europe Prosthetic Limbs Market by Type
11.3.3.14.2 Rest of Western Europe Prosthetic Limbs Market by Technology
11.3.3.14.3 Rest of Western Europe Prosthetic Limbs Market by Component
11.3.3.14.4 Rest of Western Europe Prosthetic Limbs Market by End-user
11.4 Asia-Pacific
11.4.1 Trend Analysis
11.4.2 Asia-Pacific Prosthetic Limbs Market by Country
11.4.3 Asia-Pacific Prosthetic Limbs Market by Type
11.4.4 Asia-Pacific Prosthetic Limbs Market by Technology
11.4.5 Asia-Pacific Prosthetic Limbs Market by Component
11.4.6 Asia-Pacific Prosthetic Limbs Market by End-user
11.4.7 China
11.4.7.1 China Prosthetic Limbs Market by Type
11.4.7.2 China Prosthetic Limbs Market by Technology
11.4.7.3 China Prosthetic Limbs Market by Component
11.4.7.4 China Prosthetic Limbs Market by End-user
11.4.8 India
11.4.8.1 India Prosthetic Limbs Market by Type
11.4.8.2 India Prosthetic Limbs Market by Technology
11.4.8.3 India Prosthetic Limbs Market by Component
11.4.8.4 India Prosthetic Limbs Market by End-user
11.4.9 Japan
11.4.9.1 Japan Prosthetic Limbs Market by Type
11.4.9.2 Japan Prosthetic Limbs Market by Technology
11.4.9.3 Japan Prosthetic Limbs Market by Component
11.4.9.4 Japan Prosthetic Limbs Market by End-user
11.4.10 South Korea
11.4.10.1 South Korea Prosthetic Limbs Market by Type
11.4.10.2 South Korea Prosthetic Limbs Market by Technology
11.4.10.3 South Korea Prosthetic Limbs Market by Component
11.4.10.4 South Korea Prosthetic Limbs Market by End-user
11.4.11 Vietnam
11.4.11.1 Vietnam Prosthetic Limbs Market by Type
11.4.11.2 Vietnam Prosthetic Limbs Market by Technology
11.4.11.3 Vietnam Prosthetic Limbs Market by Component
11.4.11.4 Vietnam Prosthetic Limbs Market by End-user
11.4.12 Singapore
11.4.12.1 Singapore Prosthetic Limbs Market by Type
11.4.12.2 Singapore Prosthetic Limbs Market by Technology
11.4.12.3 Singapore Prosthetic Limbs Market by Component
11.4.12.4 Singapore Prosthetic Limbs Market by End-user
11.4.13 Australia
11.4.13.1 Australia Prosthetic Limbs Market by Type
11.4.13.2 Australia Prosthetic Limbs Market by Technology
11.4.13.3 Australia Prosthetic Limbs Market by Component
11.4.13.4 Australia Prosthetic Limbs Market by End-user
11.4.14 Rest of Asia-Pacific
11.4.14.1 Rest of Asia-Pacific Prosthetic Limbs Market by Type
11.4.14.2 Rest of Asia-Pacific Prosthetic Limbs Market by Technology
11.4.14.3 Rest of Asia-Pacific Prosthetic Limbs Market by Component
11.4.14.4 Rest of Asia-Pacific Prosthetic Limbs Market by End-user
11.5 Middle East & Africa
11.5.1 Trend Analysis
11.5.2 Middle East
11.5.2.1 Middle East Prosthetic Limbs Market by Country
11.5.2.2 Middle East Prosthetic Limbs Market by Type
11.5.2.3 Middle East Prosthetic Limbs Market by Technology
11.5.2.4 Middle East Prosthetic Limbs Market by Component
11.5.2.5 Middle East Prosthetic Limbs Market by End-user
11.5.2.6 UAE
11.5.2.6.1 UAE Prosthetic Limbs Market by Type
11.5.2.6.2 UAE Prosthetic Limbs Market by Technology
11.5.2.6.3 UAE Prosthetic Limbs Market by Component
11.5.2.6.4 UAE Prosthetic Limbs Market by End-user
11.5.2.7 Egypt
11.5.2.7.1 Egypt Prosthetic Limbs Market by Type
11.5.2.7.2 Egypt Prosthetic Limbs Market by Technology
11.5.2.7.3 Egypt Prosthetic Limbs Market by Component
11.5.2.7.4 Egypt Prosthetic Limbs Market by End-user
11.5.2.8 Saudi Arabia
11.5.2.8.1 Saudi Arabia Prosthetic Limbs Market by Type
11.5.2.8.2 Saudi Arabia Prosthetic Limbs Market by Technology
11.5.2.8.3 Saudi Arabia Prosthetic Limbs Market by Component
11.5.2.8.4 Saudi Arabia Prosthetic Limbs Market by End-user
11.5.2.9 Qatar
11.5.2.9.1 Qatar Prosthetic Limbs Market by Type
11.5.2.9.2 Qatar Prosthetic Limbs Market by Technology
11.5.2.9.3 Qatar Prosthetic Limbs Market by Component
11.5.2.9.4 Qatar Prosthetic Limbs Market by End-user
11.5.2.10 Rest of Middle East
11.5.2.10.1 Rest of Middle East Prosthetic Limbs Market by Type
11.5.2.10.2 Rest of Middle East Prosthetic Limbs Market by Technology
11.5.2.10.3 Rest of Middle East Prosthetic Limbs Market by Component
11.5.2.10.4 Rest of Middle East Prosthetic Limbs Market by End-user
11.5.3 Africa
11.5.3.1 Africa Prosthetic Limbs Market by Country
11.5.3.2 Africa Prosthetic Limbs Market by Type
11.5.3.3 Africa Prosthetic Limbs Market by Technology
11.5.3.4 Africa Prosthetic Limbs Market by Component
11.5.3.5 Africa Prosthetic Limbs Market by End-user
11.5.3.6 Nigeria
11.5.3.6.1 Nigeria Prosthetic Limbs Market by Type
11.5.3.6.2 Nigeria Prosthetic Limbs Market by Technology
11.5.3.6.3 Nigeria Prosthetic Limbs Market by Component
11.5.3.6.4 Nigeria Prosthetic Limbs Market by End-user
11.5.3.7 South Africa
11.5.3.7.1 South Africa Prosthetic Limbs Market by Type
11.5.3.7.2 South Africa Prosthetic Limbs Market by Technology
11.5.3.7.3 South Africa Prosthetic Limbs Market by Component
11.5.3.7.4 South Africa Prosthetic Limbs Market by End-user
11.5.3.8 Rest of Africa
11.5.3.8.1 Rest of Africa Prosthetic Limbs Market by Type
11.5.3.8.2 Rest of Africa Prosthetic Limbs Market by Technology
11.5.3.8.3 Rest of Africa Prosthetic Limbs Market by Component
11.5.3.8.4 Rest of Africa Prosthetic Limbs Market by End-user
11.6 Latin America
11.6.1 Trend Analysis
11.6.2 Latin America Prosthetic Limbs Market by Country
11.6.3 Latin America Prosthetic Limbs Market by Type
11.6.4 Latin America Prosthetic Limbs Market by Technology
11.6.5 Latin America Prosthetic Limbs Market by Component
11.6.6 Latin America Prosthetic Limbs Market by End-user
11.6.7 Brazil
11.6.7.1 Brazil Prosthetic Limbs Market by Type
11.6.7.2 Brazil Prosthetic Limbs Market by Technology
11.6.7.3 Brazil Prosthetic Limbs Market by Component
11.6.7.4 Brazil Prosthetic Limbs Market by End-user
11.6.8 Argentina
11.6.8.1 Argentina Prosthetic Limbs Market by Type
11.6.8.2 Argentina Prosthetic Limbs Market by Technology
11.6.8.3 Argentina Prosthetic Limbs Market by Component
11.6.8.4 Argentina Prosthetic Limbs Market by End-user
11.6.9 Colombia
11.6.9.1 Colombia Prosthetic Limbs Market by Type
11.6.9.2 Colombia Prosthetic Limbs Market by Technology
11.6.9.3 Colombia Prosthetic Limbs Market by Component
11.6.9.4 Colombia Prosthetic Limbs Market by End-user
11.6.10 Rest of Latin America
11.6.10.1 Rest of Latin America Prosthetic Limbs Market by Type
11.6.10.2 Rest of Latin America Prosthetic Limbs Market by Technology
11.6.10.3 Rest of Latin America Prosthetic Limbs Market by Component
11.6.10.4 Rest of Latin America Prosthetic Limbs Market by End-user
12. Company Profiles
12.1 Medtronic
12.1.1 Company Overview
12.1.2 Financial
12.1.3 Products/ Services Offered
12.1.4 The SNS View
12.2 Ortho Europe
12.2.1 Company Overview
12.2.2 Financial
12.2.3 Products/ Services Offered
12.2.4 The SNS View
12.3 Fillauer LLC (Fillauer Companies, Inc.)
12.3.1 Company Overview
12.3.2 Financial
12.3.3 Products/ Services Offered
12.3.4 The SNS View
12.4 Uniprox (Bauerfeind)
12.4.1 Company Overview
12.4.2 Financial
12.4.3 Products/ Services Offered
12.4.4 The SNS View
12.5 Hanger, Inc.
12.5.1 Company Overview
12.5.2 Financial
12.5.3 Products/ Services Offered
12.5.4 The SNS View
12.6 Steeper Inc.
12.6.1 Company Overview
12.6.2 Financial
12.6.3 Products/ Services Offered
12.6.4 The SNS View
12.7 Össur
12.7.1 Company Overview
12.7.2 Financial
12.7.3 Products/ Services Offered
12.7.4 The SNS View
12.8 Ottobock
12.8.1 Company Overview
12.8.2 Financial
12.8.3 Products/ Services Offered
12.8.4 The SNS View
12.9 WillowWood Global LLC.
12.9.1 Company Overview
12.9.2 Financial
12.9.3 Products/ Services Offered
12.9.4 The SNS View
12.10 Blatchford Limited
12.10.1 Company Overview
12.10.2 Financial
12.10.3 Products/ Services Offered
12.10.4 The SNS View
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share Analysis
13.3 Recent Developments
13.3.1 Industry News
13.3.2 Company News
13.3.3 Mergers & Acquisitions
14. Use Case and Best Practices
15. Conclusion
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The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
Key Segments:
By Type
Upper Limb Prosthetics
Lower Limb Prosthetics
By Technology
Conventional Prosthetic Devices
Electric Prosthetic Devices
Hybrid Prosthetic Devices
By Component
Socket
Appendage
Joint
Connecting Module
Others
By End-user
Orthotists & Prosthetists (O&P) Clinics
Orthopedic Clinics
Others
Request for Segment Customization as per your Business Requirement: Segment Customization Request
Regional Coverage:
North America
US
Canada
Mexico
Europe
Eastern Europe
Poland
Romania
Hungary
Turkey
Rest of Eastern Europe
Western Europe
Germany
France
UK
Italy
Spain
Netherlands
Switzerland
Austria
Rest of Western Europe
Asia Pacific
China
India
Japan
South Korea
Vietnam
Singapore
Australia
Rest of Asia Pacific
Middle East & Africa
Middle East
UAE
Egypt
Saudi Arabia
Qatar
Rest of Middle East
Africa
Nigeria
South Africa
Rest of Africa
Latin America
Brazil
Argentina
Colombia
Rest of Latin America
Request for Country Level Research Report: Country Level Customization Request
Available Customization
With the given market data, SNS Insider offers customization as per the company’s specific needs. The following customization options are available for the report:
Product Analysis
Criss-Cross segment analysis (e.g. Product X Application)
Product Matrix which gives a detailed comparison of product portfolio of each company
Geographic Analysis
Additional countries in any of the regions
Company Information
Detailed analysis and profiling of additional market players (Up to five)
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