Allied Market Research
Loading...
Cart
0
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Allied Market Research

Prosthetics Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

A08292
Pages: NA
Feb 2021 | 45 Views
 
Author(s) : NA
Tables: NA
Charts: NA
 

COVID-19

Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Prosthetics Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

Request Now !

Prosthetics Market Outlook - 2027

Prosthetics refers to an artificial substitute or replacement of a part of the body such as a tooth, eye, facial bone, hip, knee or another joint, the leg, an arm, etc. Prostheses are intended to restore the normal functions of the missing body part. They can be created by hand or with the use of technology with the help of computer-aided design (CAD), a software interface that helps creators design and analyze the creation with computer-generated 2D and 3-D graphics as well as analysis and optimization tools. Advances in the technology of prosthetic components have improved the possibility of successfully fitting the geriatric amputee with prosthesis. Innovations in socket designs, lightweight components, improved suspensions, and stable knee design options contribute to improved prosthetic tolerance and better functional outcomes for elderly amputees. There are two types of prosthesis, the preparatory prosthesis includes basic components that are easily adjusted but is not finished cosmetically while definitive prosthesis is the finished product with all the appropriate components and cosmetic touches. A patient with fragile skin or sensitivity in the residual limb may benefit from soft insert materials, such as silicone, that are designed to dissipate shock and shear forces.

Prosthetics

Market scope and structure analysis:

Report Metric

Details

  Market size available for years

  2020–2027

  Base year considered

  2019

  Forecast period

  2021–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Design, Products, End Users

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

Zimmer Biomet Inc., Blatchford Ltd, Bock Healthcare GmbH, DePuy Synthes, Fillauer LLC, Ohio Willow Wood Co., Smith and Nephew PLC, Stryker Corporation, and Touch Bionics Inc.

 

COVID-19 scenario analysis:

  • To take care of infected population, the demand for medical supplies is increasing. Respiratory support devices, such as atomizer, life-support machine, oxygen generator, and monitor, are among the majorly used medical devices in primary clinical treatment. Moreover, COVID-19 has led to a huge surge in demand for medical supplies, such as personal protective equipment, including masks, gloves, and protective eyeglasses. 
  • With rise in number of COVID-19 cases worldwide, the need for medical supplies keeps on rising both from healthcare professionals and civil population for precautionary measures. Manufacturers of these products have a chance to capitalize this increased demand for medical supplies to ensure adequate and continuous supply of personal protective equipment in the market. 
  • This pandemic has affected the manufacturing and availability of essential medical devices, such as braces & support products, prosthetics, and others, as majority of healthcare, pharmaceutical, and biotechnology organizations have concentrated on diagnostics kits, safety wearables (PPE kits, face shields, masks), treatment therapies, and medication against the novel coronavirus. 

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis

There is immense increase in injuries related to lower and upper extremities. According to US Department of Health and Human Services, around 8.7 million sports and recreation injuries were reported in 2018 in the U.S. and out of these, 72% were injuries related to lower and upper extremities. Moreover, injuries are increasing at a rapid rate and are a major factor for the growth of the prosthetics market. In addition, incidences of osteosarcoma are also increasing the demand for prosthetics products. A report published by the National Cancer Institute estimated around 3,450 new cases of bone and joint cancer in 2018, resulting in 1,590 deaths globally. With increase in deaths due to bone and joint cancer, people are becoming more reliable on prosthetics product, which is expected to surely lead to the growth of the market. Innovation, acceptance, and awareness about advantages of prosthetics products are the driving factors of the prosthetics market. 

Top advancements in prosthetics

Bionic arms are the state-of-the-art prostheses, which use muscle sensors connected to the skin, allowing the user to operate the limb effectively by utilizing electricity and robotics to create movement. 

Nerve detectors are similar to bionic limbs. They control the prosthetic, utilizing the user’s mind to think they are actually moving the limb. The technology behind it operates via spinal motor neurons, instead of just muscle such as bionic arm. This allows more commands to be detected by the sensors, permitting the prosthetic to move more freely rather than be limited to a smaller amount of movements.

With the advancement in 2D and 3D printing, some countries, such as Sudan, where children are injured by firearms, landmines, and rival groups, the 3D printed prosthetic limbs provide children and teenagers with a chance to gain some normality back. As technology improves, the sophistication of these 3D-printed limbs is expected to further increase. 

New products that boost the market

Restoring leg length, joint stability, and range of motion involves distinct surgical challenges. The Zimmer M/L Taper Hip Prosthesis with Kinectiv Technology is a product of Zimmer Biomet that introduces a system of modular stem and neck components designed to help the surgeon restore the hip joint center intraoperatively by addressing leg length, offset, and version independently. The resulting array of neck options efficiently targets a broad range of male and female patient anatomies. Furthermore, many prosthetics products are available in the market and more innovations are being introduced to expand the prosthetics market. 

Key segments covered:

Segments

Sub-segments

  Type

  • Preparative Prosthetics
  • Definitive Prosthetics

  Design

  • Exoskeletal Design
  • Endoskeletal Design

  Products

  • Upper Extremity Prosthetics
  • Lower Extremity Prosthetics
  • Liners
  • Sockets
  • Modular Components
  • Others

  End Users

  • Prosthetics Centers
  • Hospitals
  • Others

 

Key benefits of the report:

  • This study presents the analytical depiction of the market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the prosthetics market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the prosthetics market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the prosthetics market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace


With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast


Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts


Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)


Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.
 
PURCHASE OPTIONS

Start reading ,This title and over 12000 thousand more,available with Avenue Library, T&C*

Reach out to us

Call us on
( U.S. - Canada toll free )
+1-800-792-5285,   
Int'l : +1-503-894-6022
( Europe )
+ 44-845-528-1300
Drop us an email at
help@alliedmarketresearch.com

 
Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research Allied Market Research

Access from any device, anywhere

Clients can easily download both quantitative as well as
qualitative reports in PDF and excel formats.

 

HAVE QUESTIONS?
SPEAK WITH ANALYST

 

FREQUENTLY ASKED
QUESTIONS?

 

DID YOU MISS ANYTHING?
DO YOU HAVE SPECIFIC REQUIREMENTS?

 

REQUEST TOC/SAMPLE

OR

Purchase Full Report of
Prosthetics Market: Global Opportunity Analysis and Industry Forecast, 2021–2027

  • Online Only
  • $3,456  $3,110
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Data Pack
  • $3,840  $3,456
  • Restricted to one authorized user
  • One print only
  • Available in
    Excel
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Single User
  • $5,769  $5,192
  • Restricted to one authorized user
  • One print only
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Five Users
  • $6,450  $5,805
  • Limited to five authorized users
  • Print upto five copies
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Enterprise
    License/PDF

  • $8,995  $8,096
  • Unlimited
    within
    company/enterprise
  • Available in Excel & PDF
  •   Free quarterly industry update
  •   Free report update (Within 180 days)
  •   Subscription model sign in
  • Library Membership
  • $ 699/mo
  • Published Content
    E-access
  • Company Profiles
    E-access
  • Newly Added Content Access
  • 10 PDF
    Downloads
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Start reading.
    This title and over 12,000+ are available on the Avenue Library. T&C*.

    Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD

 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers

 
 

Featured Reports

 

Featured Readings

 

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

 
Get Industry Data Alerts
 

Why Allied Market Research?

 

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction

Customization

On-demand customization of scope of the report to exactly meet your needs

TARGETED MARKET VIEW

Targeted market view to provide pertinent information and save time of readers