Product ID:
Upper Limb Prosthetics Market Size, Share, Growth Analysis, By PRODUCT TYPE(Passive prosthetic devices, Myoelectric prosthetic devices), By COMPONENT(Prosthetic Wrist, Terminal Devices), By END USER(Hospitals, Prosthetic Clinics) - Industry Forecast 2024-2031
Region:
Global |
Published Date: Upcoming |
Pages:
165
| Tables: 55 | Figures: 60
Upper Limb Prosthetics Market Insights
Market Overview:
Upper limb prosthetics is an artificial device that replaces a partially or completely missing hand or arm as a result of an accident, disease, illness, trauma, or congenital abnormality. The terminal device (TD), interposing joints, socket, suspension, and control system are all components of upper limb prostheses. Upper extremity prostheses are classified into four types. Cosmetic or passive prosthetic devices, body-powered, myoelectric, and hybrid prostheses are examples. The primary reasons driving the growth of the worldwide upper limb prosthetics market are technological advancements in prostheses, an increase in the frequency of accidents and trauma, and an increase in the prevalence of bone disorders such as osteosarcoma, osteoporosis, and osteopenia.
Upper Limb Prosthetics Market, Forecast & Y-O-Y Growth Rate, 2020 - 2028
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This report is being written to illustrate the market opportunity by region and by segments, indicating opportunity areas for the vendors to tap upon. To estimate the opportunity, it was very important to understand the current market scenario and the way it will grow in future.
Production and consumption patterns are being carefully compared to forecast the market. Other factors considered to forecast the market are the growth of the adjacent market, revenue growth of the key market vendors, scenario-based analysis, and market segment growth.
The market size was determined by estimating the market through a top-down and bottom-up approach, which was further validated with industry interviews. Considering the nature of the market we derived the Pharmaceuticals by segment aggregation, the contribution of the Pharmaceuticals in Pharmaceuticals, Biotechnology & Life Sciences and vendor share.
To determine the growth of the market factors such as drivers, trends, restraints, and opportunities were identified, and the impact of these factors was analyzed to determine the market growth. To understand the market growth in detail, we have analyzed the year-on-year growth of the market. Also, historic growth rates were compared to determine growth patterns.
Upper Limb Prosthetics Market Report Snapshots
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