June 22, 2024

Upper Limb Prosthetics Market Size to Rise USD 1506.44 Bn by 2033

The global upper limb prosthetics market size accounted for US$ 909.98 million in 2023 and is projected to reach around USD 1,506.44 million by 2033, growing at a CAGR of 5.17% from 2023 to 2032.

Upper Limb Prosthetics Market Size 2024 to 2033

Key Points

  • North America dominated the market with the largest market of 43% in 2023.
  • Asia Pacific is projected to experience the highest growth during the forecast period.
  • By component, the prosthetic arm segment dominated the market in 2023 and is expected to experience further growth over the forecast period.
  • By component, the prosthetic wrist segment is poised for significant growth in the forecast period.
  • By product, the passive prosthetic devices segment dominated the market with the largest share of 35% in 2023.
  • By product, the body-powered prosthetic devices segment is expected to experience the fastest growth rate during the forecast period.
  • By end-user, the prostetic clinics segment dominated the market in 2023.
  • By end-user, the hospitals segment is poised for substantial growth throughout the forecast period.

Report Summary

The global upper limb prosthetics market report provides a Point-by-Point and In-Depth analysis of global market size, regional and country-level market size, market share, segmentation market growth, competitive landscape, sales analysis, opportunities analysis, strategic market growth analysis, the impact of domestic and global market key players, value chain optimization, trade regulations, recent developments, product launches, area marketplace expanding, and technological innovations.

The study offers a comprehensive analysis on diverse features, including production capacities, demand, product developments, revenue generation, and sales in the upper limb prosthetics market across the globe.

A comprehensive estimate on the upper limb prosthetics market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of upper limb prosthetics during the forecast period. Price point comparison by region with global average price is also considered in the study.

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Upper Limb Prosthetics Market Scope

Report Coverage Details
Growth Rate from 2024 to 2033 CAGR of 5.17%
Global Market Size in 2023 USD 909.98 Million
Global Market Size by 2033 USD 1,506.44 Million
U.S. Market Size in 2023 USD 293.47 Million
U.S. Market Size by 2033 USD 485.83 Million
Base Year 2023
Forecast Period 2024 to 2033
Segments Covered By Component, By Product Type, and By End-user
Regions Covered North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa

Key Highlights:

Reports Coverage: It incorporates key market sections, key makers secured, the extent of items offered in the years considered, worldwide containerized upper limb prosthetics market and study goals. Moreover, it contacts the division study gave in the report based on the sort of item and applications.

Market Outline: This area stresses the key investigations, market development rate, serious scene, market drivers, patterns, and issues notwithstanding the naturally visible pointers.

Market Production by Region: The report conveys information identified with import and fare, income, creation, and key players of every single local market contemplated are canvassed right now.

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Market Players

The report includes the profiles of key upper limb prosthetics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information, key development in past five years.

Recent Developments

  • In September 2023, Össur’s upper limb research and development (R&D) facility secured funding from Scottish Enterprise to develop new solutions in upper limb prosthetics.
  • In May 2022, Ottobock SE & Co. KGaA showcased its Myo Plus T.H. upper limb prosthetic device at OTWorld in Leipzig. Ottobock anticipates introducing and demonstrating the Myo Plus T.H. upper limb prosthetic device, enhancing treatment possibilities and advancing market readiness.

Upper Limb Prosthetics Market Companies

  • Össur
  • Ottobock
  • Steeper Group.
  • Fillauer LLC
  • Open Bionics
  • Comprehensive Prosthetics & Orthotics
  • COAPT LLC.
  • Mobius Bionics.
  • Protonix
  • Motorica

Segments Covered in the Report

By Component

  • Prosthetic Arm
  • Prosthetic Elbow
  • Prosthetic Wrist
  • Prosthetic Shoulder
  • Others

By Product Type

  • Passive Prosthetic Devices
  • Body Powered Prosthetic Devices
  • Myoelectric Prosthetic Devices
  • Hybrid Prosthetic Devices

By End-user

  • Hospitals
  • Prosthetic Clinics
  • Others

Regional Segmentation

  • North America (U.S., Canada, Mexico)
  • Europe (Germany, France, U.K., Italy, Spain, Rest of Europe)
  • Asia-Pacific (China, Japan, India, Southeast Asia and Rest of APAC)
  • Latin America (Brazil and Rest of Latin America)
  • Middle East and Africa (GCC, North Africa, South Africa, Rest of MEA)

Research Methodology

Secondary Research

It involves company databases such as Hoover’s: This assists us to recognize financial information, the structure of the market participants and industry’s competitive landscape.

The secondary research sources referred in the process are as follows:

  • Governmental bodies, and organizations creating economic policies
  • National and international social welfare institutions
  • Company websites, financial reports and SEC filings, broker and investor reports
  • Related patent and regulatory databases
  • Statistical databases and market reports
  • Corporate Presentations, news, press release, and specification sheet of Manufacturers

Primary Research

Primary research includes face-to-face interviews, online surveys, and telephonic interviews.

  • Means of primary research: Email interactions, telephonic discussions and Questionnaire-based research etc.
  • In order to validate our research findings and analysis, we conduct primary interviews of key industry participants. Insights from primary respondents help in validating the secondary research findings. It also develops Research Team’s expertise and market understanding.

TABLE OF CONTENT

Chapter 1. Introduction

1.1. Research Objective

1.2. Scope of the Study

1.3. Definition

Chapter 2. Research Methodology

2.1. Research Approach

2.2. Data Sources

2.3. Assumptions & Limitations

Chapter 3. Executive Summary

3.1. Market Snapshot

Chapter 4. Market Variables and Scope 

4.1. Introduction

4.2. Market Classification and Scope

4.3. Industry Value Chain Analysis

4.3.1. Raw Material Procurement Analysis

4.3.2. Sales and Distribution Channel Analysis

4.3.3. Downstream Buyer Analysis

Chapter 5. COVID 19 Impact on Upper Limb Prosthetics Market 

5.1. COVID-19 Landscape: Upper Limb Prosthetics Industry Impact

5.2. COVID 19 – Impact Assessment for the Industry

5.3. COVID 19 Impact: Global Major Government Policy

5.4. Market Trends and Opportunities in the COVID-19 Landscape

Chapter 6. Market Dynamics Analysis and Trends

6.1. Market Dynamics

6.1.1. Market Drivers

6.1.2. Market Restraints

6.1.3. Market Opportunities

6.2. Porter’s Five Forces Analysis

6.2.1. Bargaining power of suppliers

6.2.2. Bargaining power of buyers

6.2.3. Threat of substitute

6.2.4. Threat of new entrants

6.2.5. Degree of competition

Chapter 7. Competitive Landscape

7.1.1. Company Market Share/Positioning Analysis

7.1.2. Key Strategies Adopted by Players

7.1.3. Vendor Landscape

7.1.3.1. List of Suppliers

7.1.3.2. List of Buyers

Chapter 8. Global Upper Limb Prosthetics Market, By Component

8.1. Upper Limb Prosthetics Market Revenue and Volume, by Component, 2024-2033

8.1.1 Prosthetic Arm

8.1.1.1. Market Revenue and Volume Forecast (2021-2033)

8.1.2. Prosthetic Elbow

8.1.2.1. Market Revenue and Volume Forecast (2021-2033)

8.1.3. Prosthetic Wrist

8.1.3.1. Market Revenue and Volume Forecast (2021-2033)

8.1.4. Prosthetic Shoulder

8.1.4.1. Market Revenue and Volume Forecast (2021-2033)

8.1.5. Others

8.1.5.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 9. Global Upper Limb Prosthetics Market, By Product Type

9.1. Upper Limb Prosthetics Market Revenue and Volume, by Product Type, 2024-2033

9.1.1. Passive Prosthetic Devices

9.1.1.1. Market Revenue and Volume Forecast (2021-2033)

9.1.2. Body Powered Prosthetic Devices

9.1.2.1. Market Revenue and Volume Forecast (2021-2033)

9.1.3. Myoelectric Prosthetic Devices

9.1.3.1. Market Revenue and Volume Forecast (2021-2033)

9.1.4. Hybrid Prosthetic Devices

9.1.4.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 10. Global Upper Limb Prosthetics Market, By End-user 

10.1. Upper Limb Prosthetics Market Revenue and Volume, by End-user, 2024-2033

10.1.1. Hospitals

10.1.1.1. Market Revenue and Volume Forecast (2021-2033)

10.1.2. Prosthetic Clinics

10.1.2.1. Market Revenue and Volume Forecast (2021-2033)

10.1.3. Others

10.1.3.1. Market Revenue and Volume Forecast (2021-2033)

Chapter 11. Global Upper Limb Prosthetics Market, Regional Estimates and Trend Forecast

11.1. North America

11.1.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.1.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.1.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.1.4. U.S.

11.1.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.1.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.1.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.1.5. Rest of North America

11.1.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.1.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.1.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2. Europe

11.2.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.4. UK

11.2.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.5. Germany

11.2.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.6. France

11.2.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.2.7. Rest of Europe

11.2.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.2.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.2.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3. APAC

11.3.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.4. India

11.3.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.5. China

11.3.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.6. Japan

11.3.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.3.7. Rest of APAC

11.3.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.3.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.3.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4. MEA

11.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.4. GCC

11.4.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.5. North Africa

11.4.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.6. South Africa

11.4.6.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.6.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.6.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.4.7. Rest of MEA

11.4.7.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.4.7.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.4.7.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5. Latin America

11.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5.4. Brazil

11.5.4.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.5.4.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.5.4.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

11.5.5. Rest of LATAM

11.5.5.1. Market Revenue and Volume Forecast, by Component (2021-2033)

11.5.5.2. Market Revenue and Volume Forecast, by Product Type (2021-2033)

11.5.5.3. Market Revenue and Volume Forecast, by End-user (2021-2033)

Chapter 12. Company Profiles

12.1. Össur

12.1.1. Company Overview

12.1.2. Product Offerings

12.1.3. Financial Performance

12.1.4. Recent Initiatives

12.2. Ottobock

12.2.1. Company Overview

12.2.2. Product Offerings

12.2.3. Financial Performance

12.2.4. Recent Initiatives

12.3. Steeper Group.

12.3.1. Company Overview

12.3.2. Product Offerings

12.3.3. Financial Performance

12.3.4. Recent Initiatives

12.4. Fillauer LLC

12.4.1. Company Overview

12.4.2. Product Offerings

12.4.3. Financial Performance

12.4.4. Recent Initiatives

12.5. Open Bionics

12.5.1. Company Overview

12.5.2. Product Offerings

12.5.3. Financial Performance

12.5.4. Recent Initiatives

12.6. Comprehensive Prosthetics & Orthotics

12.6.1. Company Overview

12.6.2. Product Offerings

12.6.3. Financial Performance

12.6.4. Recent Initiatives

12.7. COAPT LLC.

12.7.1. Company Overview

12.7.2. Product Offerings

12.7.3. Financial Performance

12.7.4. Recent Initiatives

12.8. Mobius Bionics

12.8.1. Company Overview

12.8.2. Product Offerings

12.8.3. Financial Performance

12.8.4. Recent Initiatives

12.9. Protonix

12.9.1. Company Overview

12.9.2. Product Offerings

12.9.3. Financial Performance

12.9.4. Recent Initiatives

12.10. Motorica

12.10.1. Company Overview

12.10.2. Product Offerings

12.10.3. Financial Performance

12.10.4. Recent Initiatives

Chapter 13. Research Methodology

13.1. Primary Research

13.2. Secondary Research

13.3. Assumptions

Chapter 14. Appendix

14.1. About Us

14.2. Glossary of Terms

Thanks for reading you can also get individual chapter-wise sections or region-wise report versions such as North America, Europe, or the Asia Pacific.

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