Prosthetics Market Landscape: Insights, Innovations, and Growth Potential (2023-2030)
PORTLAND, OR, UNITED STATES, September 18, 2023/EINPresswire.com/ — Allied Market Research has recently unveiled its latest research study under the title “Prosthetics Market: Global Outlook and Forecast 2023-2030″ This comprehensive study delves into market risk assessment, highlights various opportunities, and provides invaluable support for strategic and tactical decision-making within the 2023-2030 timeframe. The report includes a regional segmentation that pinpoints the pivotal regions propelling market growth. Furthermore, the document offers insights into market research and development, growth catalysts, and the evolving investment landscape of the Global Prosthetics Market. Notably, the study profiles key market players, including Aesthetic Prosthetics, Aether Biomedical, B. Braun Melsungen, Blatchford, Integra Lifesciences, Mobius Bionics, Ossur, Ottobock, Steeper Group, Stryker.
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Prosthetics Market Statistics: The prosthetics market was valued at $1.6 billion in 2021, and is estimated to reach $2.5 billion by 2031, growing at a CAGR of 4.5% from 2022 to 2031.
Prosthetics Market Growth Drivers:
Advancements in Prosthetic Technology: Ongoing advancements in prosthetic technology have led to the development of more sophisticated and functional prosthetic limbs. These innovations include myoelectric prosthetics, 3D printing, and improved materials, enhancing the quality of life for amputees.
Increasing Amputee Population: The global amputee population is growing due to factors such as trauma, accidents, and medical conditions like diabetes. This demographic expansion creates a higher demand for prosthetic devices.
Customization and Personalization: Prosthetic devices can be customized to match an individual’s specific needs and preferences, enhancing comfort and functionality.
Technological Collaboration: Collaborations between prosthetic manufacturers and technology companies have resulted in innovations like wearable prosthetic control systems and smart prosthetics, further enhancing functionality and user experience.
Military Veterans: Veterans who have experienced limb loss due to military service contribute to the demand for prosthetic devices. Many government agencies and organizations provide support and funding for veterans’ prosthetic needs.
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The segments and sub-section of Prosthetics market is shown below:
By Product: Upper Extremity Prosthetics, Lower Extremity Prosthetics, Others
By Design: Exoskeletal Design, Endoskeletal Design
By End User: Prosthetics Clinics, Hospitals, Others
Some of the key players involved in the Market are: Aesthetic Prosthetics, Aether Biomedical, B. Braun Melsungen, Blatchford, Integra Lifesciences, Mobius Bionics, Ossur, Ottobock, Steeper Group, Stryker.
Important years considered in the Prosthetics study:
Historical year – 2017-2021; Base year – 2021; Forecast period** – 2022 to 2030 [** unless otherwise stated]
If opting for the Global version of Prosthetics Market; then below country analysis would be included:
– North America (USA, Canada and Mexico)
– Europe (Germany, France, the United Kingdom, Netherlands, Italy, Nordic Nations, Spain, Switzerland and Rest of Europe)
– Asia-Pacific (China, Japan, Australia, New Zealand, South Korea, India, Southeast Asia and Rest of APAC)
– South America (Brazil, Argentina, Chile, Colombia, Rest of countries etc.)
– Middle East and Africa (Saudi Arabia, United Arab Emirates, Israel, Egypt, Turkey, Nigeria, South Africa, Rest of MEA)
Key Questions Answered with this Study:
1) What makes Prosthetics Market feasible for long term investment?
2) How influencing factors driving the demand of Prosthetics in next few years?
3) Territory that may see steep rise in CAGR & Y-O-Y growth?
4) What geographic region would have better demand for product/services?
5) What opportunity emerging territory would offer to established and new entrants in Prosthetics market?
6) What strategies of big players help them acquire share in mature market?
7) Know value chain areas where players can create value?
8) What is the impact analysis of various factors in the Global Prosthetics market growth?
9) Risk side analysis connected with service providers?
Introduction about Prosthetics Market
Prosthetics Market Size (Sales) Market Share by Type (Product Category)
Prosthetics Market by Application/End Users
Prosthetics Sales (Volume) and Market Share Comparison by Applications
Global Prosthetics Sales and Growth Rate (2020-2030)
Prosthetics Competition by Players/Suppliers, Region, Type, and Application
Prosthetics (Volume, Value, and Sales Price) table defined for each geographic region defined.
Prosthetics Players/Suppliers Profiles and Sales Data
Key Raw Materials Analysis & Price Trends
Supply Chain, Sourcing Strategy and Downstream Buyers, Industrial Chain Analysis
……..and view more in complete table of Contents
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Thanks for reading this article; you can also get an individual chapter-wise sections or region-wise report versions like North America, LATAM, Europe, or Southeast Asia.
About Us:
Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
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