Prosthetic Legs Market
Overview:
Prosthetics are artificial devices that are used for substituting the missing limbs, which are lost because of amputation or birth defect. Different medical conditions like traumatic injuries, diabetes, circulation issues and cancer can also be responsible for amputation of limbs. Using prosthetic legs, basic functions that support the body and help the individual to move can be performed with ease. Technological development has introduced more functional and comfortable prosthetic legs such as prosthetics made from carbon fiber. These prosthetic support the wearer to perform difficult activities such as sky diving, marathons, swimming and complete triathlons etc.
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Drivers:
Accessibility to innovative, technologically developed and customizable prosthetic legs and their growing use are expected to boost growth of the global prosthetic legs market over the forecast period. For instance, in 2010, according to Advanced Amputee Solutions, LLC, 71% dysvascular amputations were below knee amputations, which is most common type of amputation observed and the rate is likely to increase in the future. Moreover, 1 million limb amputations are performed each year.
Furthermore, in 2012, the Centers for Disease Control and Prevention (CDC) reported that nearly 1.9 million people were living without natural limb in the U.S.
According to Advanced Amputee Solutions, LLC stats, vascular diseases cause major number limb loss contributing around 54% in total limb loss, Peripheral arterial diseases and trauma contribute 45% limb loss, and cancer being the minor cause of limb loss contributes 1-2% of total limb loss.
Availability of improved materials and innovative devices is also expected to fuel growth of the global prosthetic legs market. For instance, UNYQ supplies customized covers for prosthetic limbs offering improved functionality like IoT connectivity that tracks daily physical activity of the user and transfer the data to a smartphone through Bluetooth.
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Market Taxonomy:
By Product Type:
- Below Knee Prosthetics
- Above Knee Prosthetics
- Liners
- Sockets
- Modular Components
By Technology:
- Conventional
- Hybrid Orthopedic
- Electric Powered
By End User:
- Hospitals
- Prosthetics Clinics
- Others
By Region:
- North America
- Europe
- APAC
- Latin America
- Middle East
- Africa
Regional analysis:
North America and Europe are expected to witness a strong growth in the market of prosthetic legs as affording these prosthetics is not a major problem in Europe and North America.
Market players are targeting middle-income countries as they have high number of customers, growing use of prosthetic legs and rising awareness.
Key players:
Key players active in the prosthetic legs market include Ossur, Hanger Inc., The Ohio Willow Wood Co, Blatchford Ltd., Touch Bionics Inc., and Otto Bock HealthCare GmbH.
Development:
In July 2019, Össur acquired College Park Industries, which provides upper and lower limbs prostheses and supporting services.
In June 2019, DW Healthcare Partner announced the acquisition of major share in WilloWood, who manufacture, design and distribute prosthetic products and services.
In March 2019, Unyq Design, Inc. announced the launch of 3D Printed Prosthetic Leg Socket for providing total leg solution for amputees.
In March 2019, Limb-art introduced new cover designs for prosthetic legs in Birmingham.
In February 2019, Össur completed acquisition of a technology powered by ankle prosthesis from SpringActive, Inc., a company that develops computer based prosthetic devices.
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Table of Contents:
- Research Objective and assumption
o Research Objectives
o Assumptions
o Abbreviations - Market Overview
o Report Description
• Market Definition and Scope
o Executive Summary
• Market Snippet By Product Type
• Market Snippet By Application
• Market Snippet By Technology
• Market Snippet By End User
• Market Snippet By Region
o Coherent Opportunity Map (COM) - Market Dynamics, Regulations, and Trends Analysis
o Market Dynamics
• Drivers
• Restraints
• Market Opportunities
o Technological Trends
o PEST Analysis
o Impact Analysis - Global Prosthetic Legs Market, By Product Type, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Reagents & Consumables
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Software’s
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Instruments
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million) - Global Prosthetic Legs Market, By Application, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Genomics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Proteomics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Diagnostics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Drug Discovery
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million) - Global Prosthetic Legs Market, By Technology, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Microarrays
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Microfluidics
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million) - Global Prosthetic Legs Market, By End User, 2021 – 2028 (US$ Million)
o Introduction
• Market Share Analysis, 2016 and 2028 (%)
• Y-o-Y Growth Analysis, 2021 – 2028
• Segment Trends
o Hospitals
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Diagnostic Labs
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Academic & Research Institutes
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
o Biotechnology & Pharmaceutical Companies
• Introduction
• Market Size and Forecast, and Y-o-Y Growth, 2021 – 2028, (US$ Million)
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