The global sales of upper limb prosthetics are likely to stand at around USD 398 million in 2023. As per detailed industry analysis, the global upper limb prosthetics market is projected to increase at a CAGR of 4.1% and reach a valuation of USD 624.9 million by the year 2033.
Upper limb prosthetics currently account for a 3.8% share of the global prosthetics market. Road accidents are one of the leading causes of bone fractures, and the market for upper limb prosthetics is likely to rise as a result of this.
As a result of an increase in limb amputation procedures and increased research and development, the global upper limb prosthetics market is experiencing strong growth. Additionally, the market is expected to grow due to an increase in road accidents and amputations and a growing geriatric population.
Tennis elbow and other sports injuries are expected to fuel the tissue sealant market as demand for their treatment, including surgery, may rise as the incidence of these injuries rises. Tennis elbow, according to statistics from the United Kingdom National Health Service, affects about 1 to 3% of the population, or about 4 to 7 cases per 1000 each year. Prosthetic elbows are also in high demand due to the high prevalence rate of tennis elbows in the country.
In October 2020, the American Cancer Society reported that about 1,000 new cases of osteosarcoma are diagnosed in the United States every year, mainly in teens and adults. A biopsy is performed to diagnose osteosarcoma and the tumor is removed during surgery in most cases.
Consequently, the high number of bone cancer cases in the United States and worldwide boosts the demand for advanced prosthetics. In addition, these devices require a lot of maintenance and are costly, as well as a lack of reimbursement policies that inhibit the market growth. The government's increased support for amputee initiatives, however, provides the market with lucrative growth opportunities.
| Attributes | Details |
|---|---|
| Upper Limb Prosthetics Market Value (2023) | USD 398 million |
| Upper Limb Prosthetics Market Expected Value (2033) | USD 624.9 million |
| Upper Limb Prosthetics Market Projected CAGR (2023 to 2033) | 4.1% |
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Global sales of upper limb prosthetics have risen at a 4.3% CAGR between 2018 and 2022. Sales of upper limb prosthetics are projected to grow at a 4.1% CAGR between 2023 and 2033. One of the main factors driving the growth of the upper limb prosthetics market is the surging geriatric population across the world.
Passive prosthetic, body-powered prosthetic, externally powered myoelectric prosthetic, hybrid prosthetic, and activity-specific prosthetic are the five general upper limb prosthetic types. To increase a person's functional abilities, hybrid devices integrate body-powered and myoelectric components in one prosthetic.
The majority of these designs are for transhumeral, shoulder-level, or forequarter amputees, and comprise body-powered prosthetic arms and myoelectric hands that may be manipulated simultaneously.
Body-powered prosthetic devices are expected to account for a market share of around 30.9% in the global landscape. Furthermore, passive prosthetic devices and hybrid prosthetic devices together are set to account for 31.1% of the global market share in 2023. Due to deteriorating bones, older adults are more prone to orthopedic illnesses, which is another key factor driving global demand for upper limb prosthetics.
The rise in the number of road accidents is due to rapid modernization and increasing sales of high-performance vehicles. In addition, rash and drunk driving are contributing to an increase in the number of road accidents around the world. This is predicted to contribute to the upper limb prosthetics industry's enhanced growth.
Even among amputees, there is a rising emphasis on physical fitness, leisure sports, and other physical activities such as aerobics and jogging, which has increased the demand for upper limb prosthetics for sports and recreation. These amputees can return to the sports and recreational activities that they enjoyed before their injuries with the help of upper limb prosthetic rehabilitation.
Prosthetic limbs and other prosthetics are predicted to expand in popularity as the prevalence of bone illnesses such as osteoporosis, osteosarcoma, osteonecrosis, and osteopenia rises.
| Historical CAGR | 4.3% |
|---|---|
| Historical Market Value (2022) | USD 379.0 million |
| Forecast CAGR | 4.1% |
Rising Sports Injuries & Road Accidents Driving Need for Upper Limb Prosthetic Devices
The upper limb prosthetic products market is predicted to grow due to an increase in the number of unintentional accidents and trauma cases. Sports injuries have also increased as adults and children engage in more physical exercise. This also includes injuries to the upper and lower limbs, which, in some cases, need an amputation.
Furthermore, the rising number of vehicle accidents across the world has increased the demand for upper limb prosthetic devices. The rise in the frequency of traffic accidents and injuries is expected to drive upper limb prosthetics usage in arm amputation procedures, supporting the types of prosthesis market growth.
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In the upper limb prosthetics market, the growing number of limb amputation procedures is expected to lead to significant growth opportunities. For example, an amputation involves removing all or part of a limb or extremity, such as an arm.
It was announced in July 2021 that Ossur would release the Rebound Post-Op Elbow Brace. It is a non-invasive, lightweight, adjustable brace designed with intuitive design features to optimize clinicians' fitting experience as well as patient use following severe elbow injuries or surgeries.
An upper limb amputation involves the removal of all or part of the upper extremity by surgery. Global upper limb prosthetics market players are expected to enjoy lucrative growth opportunities as a result of growing research and development.
Amputations are on the rise around the world, and the demand for upper limb prosthetics is also on the rise. This has led to market players focusing on developing new products. Ossur, for instance, invested USD 7.6 million in Touch Bionics' facility in May 2018 to design advanced myoelectric prosthetic solutions. This investment assisted the company in driving innovation and research and development.
High Cost of Upper Limb Prosthetic Devices May Stunt Market Growth
Prosthetics are quite costly due to the time it takes to manufacture and install them. They are custom-made, which means that they are built to order and are unique to each individual. Prosthetic devices cannot be mass-produced, and, as a result, the cost increases and they become quite expensive.
Market growth is slightly hampered by the high cost and maintenance associated with prosthetic devices, as well as the lack of reimbursement schemes across many regions.
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| Segment | Product Type |
|---|---|
| Attributes | Myoelectric Prosthetic Devices |
| Historic CAGR | 4.7% |
| Forecasted CAGR | 4.2% |
| Segment | End User |
|---|---|
| Attributes | Hospitals |
| Historic CAGR | 4.1% |
| Forecasted CAGR | 3.6% |
Prosthetic arms currently hold a small market share but are expected to see an increase in demand over the decade. Biomedical engineers are assisting in the development of prosthetic arms for amputees that can move in tandem with users’ thoughts and sense touch via an array of electrodes implanted in the patient's muscles.
Increased healthcare spending in emerging market economies, the growing relevance of the public-private partnership (PPP) concept across various regions, the rise in the prevalence of inflammatory arthritis, and an aging population have all contributed to the market for prosthetic arms growing rapidly in recent years.
North America to Dominate Demand for Upper Limb Prosthetic Devices
North America, Latin America, Europe, East Asia, South Asia & Pacific, and the Middle East & Africa are among the regions included in these upper limb prosthetics market insights.
North America, followed by Europe, is likely to lead the global market, and this trend is expected to continue throughout the forecast period. This is due to growth in the number of accidents and injuries among adults, increased patient knowledge regarding prosthetic surgeries, rising demand for prosthetic devices, availability of modern healthcare facilities with skilled medical personnel, and the presence of prominent market players in these regions.
The market for upper limb prostheses in Latin America is predicted to develop steadily. Due to an increase in the number of amputations related to diabetes and rising government initiatives, the Asia Pacific market is predicted to grow at a rapid pace.
| Region | North America |
|---|---|
| Country | United States |
| Historic CAGR | 4.8% |
| Forecasted CAGR | 4.9% |
| Absolute Dollar Growth | USD 7.8 million |
| Market Value (2033) | USD 221.2 million |
| Region | North America |
|---|---|
| Country | Canada |
| Historic CAGR | 3.3% |
| Forecasted CAGR | 3.7% |
| Absolute Dollar Growth | USD 0.6 million |
| Market Value (2033) | USD 20.6 million |
| Region | Europe |
|---|---|
| Country | Germany |
| Historic CAGR | 5.4% |
| Forecasted CAGR | 5.5% |
| Absolute Dollar Growth | USD 1.3 million |
| Market Value (2033) | USD 34.9 million |
| Region | Europe |
|---|---|
| Country | United Kingdom |
| Historic CAGR | 4.7% |
| Forecasted CAGR | 4.0% |
| Absolute Dollar Growth | USD 0.6 million |
| Market Value (2033) | USD 16.9 million |
| Region | Asia Pacific |
|---|---|
| Country | China |
| Historic CAGR | 4.3% |
| Forecasted CAGR | 3.8% |
| Absolute Dollar Growth | USD 1.2 million |
| Market Value (2033) | USD 37.3 million |
Rapidly advancing Technologies Driving Sales of Upper Limb Prosthetic Devices
The United States leads the market for upper limb prosthetics in North America. High acceptability of sophisticated upper limb prosthetics, rise in the occurrence of accidental incidents, and increasing senior population across the country all contribute to this dominant market share.
Upper limb prosthetic device manufacturing companies are also focusing on advancing technologies to reduce trauma among amputees. Upper extremities have a healthier share of the entire orthopedic prosthetics sector, which is expected to increase at a rapid rate in the future.
In the United States, upper limb prosthetics are still a fairly young market. However, with the increased acceptance of upper limb prosthetic devices among amputees due to rapidly advancing technologies, the market growth potential is enormous.
Surging Number of Diabetic Patients Driving Need for Lower Limb and Upper Arm Prosthetics
According to the Asian Diabetes Prevention Initiative, Asia is home to 60% of the world's diabetics. It also claims that by 2030, China and India will have nearly half a million patients between them. This rise is projected to drive the need for prosthetic devices, including upper limb prosthetics.
According to the Union Ministry of Health and Family Welfare India, the number of diabetes patients in the 20-79 age groups was 74.2 million in 2021 which is expected to rise to 124.8 million by 2045.
Even though the rate of lower limb amputation in diabetic patients is declining, amputation remains a prominent consequence of diabetes. Diabetes, on the other hand, can cause damage to the upper limb and the nervous system. Considering the above factors, there has been an increase in the sales of lower limb prosthetics and upper arm prosthetics.
Inflows of Funds are Expected as Market Players Expand their Footprints
A large selection of upper limb prosthetic devices is available from major manufacturers in the market.
Upper limb prosthetics market growth is expected to be influenced by a growing geriatric population, the increase in research and development, and technological advancements in upper limb prosthetics. These factors include an increase in limb amputation procedures, a rise in accident injuries and trauma cases, as well as an increase in the geriatric population.
| Attribute | Details |
|---|---|
| Forecast Period | 2023 to 2033 |
| Historical Data Available for | 2017 to 2022 |
| Market Analysis | USD million for Value and MT for Volume |
| Key Regions Covered | North America; Latin America; Europe; The Middle East and Africa; East Asia |
| Key Countries Covered | USA, Canada, Brazil, Mexico, Chile, Peru, Germany, United Kingdom, Spain, Italy, France, Russia, Poland, China, India, Japan, Australia, New Zealand, GCC Countries, North Africa, South Africa, and Turkey |
| Key Segments Covered | Product, Component, Indication, End-user, Region |
| Key Companies Profiled | Touch Bionics Inc.; Fillauer LLC; Endolite India Ltd.; Ottobock SE & Co. KGaA; College Park Industries; Steeper Inc.; TRS Inc. |
| Report Coverage | Market Forecast, Company Share Analysis, Competition Intelligence, DROT Analysis, Market Dynamics and Challenges, and Strategic Growth Initiatives |
| Customization & Pricing | Available upon Request |
The market is valued at USD 398 million in 2023.
The growth potential of the market is 4.1% through 2033.
Surging amputations and serious injuries are expected to propel the market growth.
Touch Bionics Inc., Fillauer LLC, and Endolite India Ltd. are the top players.
Use of new polymer material is expected to influence the market growth.
1. Executive Summary | Upper Limb Prosthetics Market 2. Market Overview 3. Market Background 4. Global Market Analysis 2018 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Device Type 5.1. Passive Prosthetic Devices 5.2. Body-powered Prosthetic Devices 5.3. Myoelectric Prosthetic Devices 5.4. Hybrid Prosthetic Devices 6. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Component 6.1. Prosthetic Wrists 6.2. Prosthetic Elbows 6.3. Prosthetic Shoulders 6.4. Prosthetic Arms 6.5. Terminal Devices 7. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By End User 7.1. Hospitals 7.2. Prosthetic Clinics 7.3. Rehabilitation Centres 8. Global Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Region 8.1. North America 8.2. Latin America 8.3. Europe 8.4. South Asia 8.5. East Asia 8.6. Oceania 8.7. MEA 9. North America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 10. Latin America Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 11. Europe Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 12. South Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 13. East Asia Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 14. Oceania Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 15. MEA Market Analysis 2018 to 2022 and Forecast 2023 to 2033, By Country 16. Key Countries Market Analysis 17. Market Structure Analysis 18. Competition Analysis 18.1. Touch Bionics Inc. 18.2. Fillauer LLC 18.3. Endolite India Ltd. 18.4. Ottobock SE & Co. KGaA 18.5. College Park Industries 18.6. Steeper Inc. 18.7. TRS Inc. 18.8. Protunix 18.9. Mobius Bionics LLC 18.10. Motorica LLC 19. Assumptions & Acronyms Used 20. Research Methodology
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Upper Limb Prosthetics Market
