North America Upper Limb Prosthetics Market 2023-2031 by Product Type (Mechanical, Myoelectric, Hybrid, Passive), Component (Elbow, Arm, Shoulder, Wrist, Others), Cause (Diabetes and Vascular Disease, Cancer, Accidents and Trauma), End User (Hospitals, Prosthetic Clinics, Others), and Country: Trend Forecast and Growth Opportunity
- Report ID: 57509
- Date: May, 2023
- Pages: 86
- Category: Healthcare & Pharmaceuticals
North America upper limb prosthetics market is projected to grow by 4.6% annually in the forecast period and reach $346.5 million by 2031, driven by the rising prevalence of bone infection in the elderly population, the increasing incidence of accidents and trauma, the growing prevalence of diabetes, and the technological advancements in prosthetics along with more R&D investment in the industry.
Highlighted with 21 tables and 40 figures, this 86-page report “North America Upper Limb Prosthetics Market 2021-2031 by Product Type (Mechanical, Myoelectric, Hybrid, Passive), Component (Elbow, Arm, Shoulder, Wrist, Others), Cause (Diabetes and Vascular Disease, Cancer, Accidents and Trauma), End User (Hospitals, Prosthetic Clinics, Others), and Country: Trend Forecast and Growth Opportunity” is based on a comprehensive research of the entire North America upper limb prosthetics market and all its sub-segments through extensively detailed classifications.
Profound analysis and assessment are generated from premium primary and secondary information sources with inputs derived from industry professionals across the value chain. The report is based on studies on 2019-2021 and provides forecast from 2023 till 2031 with 2022 as the base year.
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
In-depth qualitative analyses include identification and investigation of the following aspects:
• Market Structure
• Growth Drivers
• Restraints and Challenges
• Emerging Product Trends & Market Opportunities
• Porter’s Fiver Forces
The trend and outlook of North America market is forecast in optimistic, balanced, and conservative view by taking into account of COVID-19 and Russia-Ukraine conflict. The balanced (most likely) projection is used to quantify North America upper limb prosthetics market in every aspect of the classification from perspectives of Product Type, Component, Cause, End User, and Country.
Based on Product Type, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Body Powered/Mechanical Prosthetics
• Externally Powered/Myoelectric Prosthetics
• Hybrid Prosthetics
• Passive Prosthetics
Based on Component, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Prosthetic Elbow
• Prosthetic Arm
• Prosthetic Shoulder
• Prosthetic Wrist
• Other Components
By Cause, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Diabetes and Vascular Disease
• Cancer
• Accidents and Trauma
By End User, the North America market is segmented into the following sub-markets with annual revenue ($ mn) for 2023-2031 included in each section.
• Hospitals
• Prosthetic Clinics
• Other End Users
Geographically, the following national/local markets are fully investigated:
• U.S.
• Canada
• Mexico
For each key country, detailed analysis and data for annual revenue ($ mn) are available for 2023-2031. The breakdown of national markets by Product Type, Component and End User over the forecast years are also included.
The report also covers current competitive scenario and the predicted trend; and profiles key vendors including market leaders and important emerging players.
Selected Key Players:
Blatchford Limited (Endolite India Ltd.)
Coapt LLC
Fillauer LLC
Open Bionics Ltd.
Ortho Europe
Ossur Global
Ottobock SE & Co. KgaA
Protunix
Steeper, Inc.
WillowWood Global, LLC
(Please note: The report will be updated before delivery so that the latest historical year is the base year and the forecast covers at least 5 years over the base year.)
1 Introduction 6
1.1 Industry Definition and Research Scope 6
1.1.1 Industry Definition 6
1.1.2 Research Scope 7
1.2 Research Methodology 10
1.2.1 Overview of Market Research Methodology 10
1.2.2 Market Assumption 11
1.2.3 Secondary Data 11
1.2.4 Primary Data 11
1.2.5 Data Filtration and Model Design 12
1.2.6 Market Size/Share Estimation 13
1.2.7 Research Limitations 14
1.3 Executive Summary 15
2 Market Overview and Dynamics 17
2.1 Market Size and Forecast 17
2.1.1 Impact of COVID-19 on World Economy 18
2.1.2 Impact of COVID-19 on the Market 20
2.2 Major Growth Drivers 22
2.3 Market Restraints and Challenges 27
2.4 Emerging Opportunities and Market Trends 30
2.5 Porter’s Fiver Forces Analysis 34
3 Segmentation of North America Market by Product Type 38
3.1 Market Overview by Product Type 38
3.2 Body Powered/Mechanical Prosthetics 40
3.3 Externally Powered/Myoelectric Prosthetics 41
3.4 Hybrid Prosthetics 42
3.5 Passive Prosthetics 43
4 Segmentation of North America Market by Component 44
4.1 Market Overview by Component 44
4.2 Prosthetic Elbow 46
4.3 Prosthetic Arm 47
4.4 Prosthetic Shoulder 48
4.5 Prosthetic Wrist 49
4.6 Other Components 50
5 Segmentation of North America Market by Cause 51
5.1 Market Overview by Cause 51
5.2 Diabetes and Vascular Disease 53
5.3 Cancer 54
5.4 Accidents and Trauma 55
6 Segmentation of North America Market by End User 56
6.1 Market Overview by End User 56
6.2 Hospitals 58
6.3 Prosthetic Clinics 59
6.4 Other End Users 60
7 North America Market 2021-2031 by Country 61
7.1 Overview of North America Market 61
7.2 U.S. 64
7.3 Canada 67
7.4 Mexico 69
8 Competitive Landscape 71
8.1 Overview of Key Vendors 71
8.2 New Product Launch, Partnership, Investment, and M&A 74
8.3 Company Profiles 75
Blatchford Limited (Endolite India Ltd.) 75
Coapt LLC 77
Fillauer LLC 78
Open Bionics Ltd. 79
Ortho Europe 80
Ossur Global 81
Ottobock SE & Co. KgaA 82
Protunix 83
Steeper, Inc. 84
WillowWood Global, LLC 85
RELATED REPORTS 86
List of Tables
List of Tables:
Table 1. Snapshot of North America Upper Limb Prosthetics Market in Balanced Perspective, 2021-2031 16
Table 2. World Economic Outlook, 2021-2031 19
Table 3. World Health Spending by Region, $ bn, 2013-2020 26
Table 4. Main Product Trends and Market Opportunities in North America Upper Limb Prosthetics Market 30
Table 5. North America Upper Limb Prosthetics Market by Product Type, 2021-2031, $ mn 38
Table 6. North America Upper Limb Prosthetics Market by Component, 2021-2031, $ mn 44
Table 7. North America Upper Limb Prosthetics Market by Cause, 2021-2031, $ mn 51
Table 8. North America Upper Limb Prosthetics Market by End User, 2021-2031, $ mn 56
Table 9. North America Upper Limb Prosthetics Market by Country, 2021-2031, $ mn 62
Table 10. U.S. Upper Limb Prosthetics Market by Product Type, 2021-2031, $ mn 66
Table 11. U.S. Upper Limb Prosthetics Market by Component, 2021-2031, $ mn 66
Table 12. U.S. Upper Limb Prosthetics Market by End User, 2021-2031, $ mn 66
Table 13. Canada Upper Limb Prosthetics Market by Product Type, 2021-2031, $ mn 68
Table 14. Canada Upper Limb Prosthetics Market by Component, 2021-2031, $ mn 68
Table 15. Canada Upper Limb Prosthetics Market by End User, 2021-2031, $ mn 68
Table 16. Mexico Upper Limb Prosthetics Market by Product Type, 2021-2031, $ mn 70
Table 17. Mexico Upper Limb Prosthetics Market by Component, 2021-2031, $ mn 70
Table 18. Mexico Upper Limb Prosthetics Market by End User, 2021-2031, $ mn 70
Table 19. Blatchford Limited (Endolite India Ltd.): Company Snapshot 75
Table 20. Blatchford Limited (Endolite India Ltd.): Business Segmentation 76
Table 21. Blatchford Limited (Endolite India Ltd.): Product Portfolio 76
List of Figures
List of Figures:
Figure 1. Research Method Flow Chart 10
Figure 2. Bottom-up Approach and Top-down Approach for Market Estimation 13
Figure 3. North America Market Forecast in Optimistic, Conservative and Balanced Perspectives, 2021-2031 15
Figure 4. North America Upper Limb Prosthetics Market, 2021-2031, $ mn 17
Figure 5. Impact of COVID-19 on Business 20
Figure 6. Primary Drivers and Impact Factors of North America Upper Limb Prosthetics Market 22
Figure 7. Worldwide Geriatric Population (60 years and above) by Regions, 2015 & 2030, million 25
Figure 8. World Population 65 and Over, % of Total Population, 1950-2060 25
Figure 9. Primary Restraints and Impact Factors of North America Upper Limb Prosthetics Market 27
Figure 10. Investment Opportunity Analysis 31
Figure 11. Porter’s Fiver Forces Analysis of North America Upper Limb Prosthetics Market 34
Figure 12. Breakdown of North America Upper Limb Prosthetics Market by Product Type, 2021-2031, % of Revenue 39
Figure 13. North America Addressable Market Cap in 2022-2031 by Product Type, Value ($ mn) and Share (%) 39
Figure 14. North America Upper Limb Prosthetics Market by Product Type: Body Powered/Mechanical Prosthetics, 2021-2031, $ mn 40
Figure 15. North America Upper Limb Prosthetics Market by Product Type: Externally Powered/Myoelectric Prosthetics, 2021-2031, $ mn 41
Figure 16. North America Upper Limb Prosthetics Market by Product Type: Hybrid Prosthetics, 2021-2031, $ mn 42
Figure 17. North America Upper Limb Prosthetics Market by Product Type: Passive Prosthetics, 2021-2031, $ mn 43
Figure 18. Breakdown of North America Upper Limb Prosthetics Market by Component, 2021-2031, % of Sales Revenue 45
Figure 19. North America Addressable Market Cap in 2022-2031 by Component, Value ($ mn) and Share (%) 45
Figure 20. North America Upper Limb Prosthetics Market by Component: Prosthetic Elbow, 2021-2031, $ mn 46
Figure 21. North America Upper Limb Prosthetics Market by Component: Prosthetic Arm, 2021-2031, $ mn 47
Figure 22. North America Upper Limb Prosthetics Market by Component: Prosthetic Shoulder, 2021-2031, $ mn 48
Figure 23. North America Upper Limb Prosthetics Market by Component: Prosthetic Wrist, 2021-2031, $ mn 49
Figure 24. North America Upper Limb Prosthetics Market by Component: Other Components, 2021-2031, $ mn 50
Figure 25. Breakdown of North America Upper Limb Prosthetics Market by Cause, 2021-2031, % of Sales Revenue 52
Figure 26. North America Addressable Market Cap in 2022-2031 by Cause, Value ($ mn) and Share (%) 52
Figure 27. North America Upper Limb Prosthetics Market by Cause: Diabetes and Vascular Disease, 2021-2031, $ mn 53
Figure 28. North America Upper Limb Prosthetics Market by Cause: Cancer, 2021-2031, $ mn 54
Figure 29. North America Upper Limb Prosthetics Market by Cause: Accidents and Trauma, 2021-2031, $ mn 55
Figure 30. Breakdown of North America Upper Limb Prosthetics Market by End User, 2021-2031, % of Revenue 57
Figure 31. North America Addressable Market Cap in 2022-2031 by End User, Value ($ mn) and Share (%) 57
Figure 32. North America Upper Limb Prosthetics Market by End User: Hospitals, 2021-2031, $ mn 58
Figure 33. North America Upper Limb Prosthetics Market by End User: Prosthetic Clinics, 2021-2031, $ mn 59
Figure 34. North America Upper Limb Prosthetics Market by End User: Other End Users, 2021-2031, $ mn 60
Figure 35. Breakdown of North America Upper Limb Prosthetics Market by Country, 2021 and 2031, % of Revenue 62
Figure 36. Contribution to North America 2022-2031 Cumulative Market by Country, Value ($ mn) and Share (%) 63
Figure 37. U.S. Upper Limb Prosthetics Market, 2021-2031, $ mn 65
Figure 38. Canada Upper Limb Prosthetics Market, 2021-2031, $ mn 67
Figure 39. Upper Limb Prosthetics Market in Mexico, 2021-2031, $ mn 69
Figure 40. Growth Stage of North America Upper Limb Prosthetics Industry over the Forecast Period 71
Research methodology is mainly referring to the practical how of any offered piece of research. More specifically, it’s all about how a researcher systematically designs a study in order to assure extremely valid as well as reliable results that ultimately address the targets and objectives of the research.
In any formal research including academic journal, article, dissertation and so on, there will be a special section on a research methodology that mainly describes what, by whom, how to gather as well as how to evaluate the data are provided.
This research methodology has been segmented into following types:
Primary Research:
It is said to be original information that the researchers collect for the crucial purposes of answering the research questions of readers with the help of surveys, observations and experiments.
Secondary Research:
The secondary research is the data that has already been collected by various other researchers in the form of government analysis or scientific studies.
Qualitative Research:
It is descriptive and subjective method irrespective of facts. Both observation and description are essential in this type of research methodology. Its main vision is to analyze knowledge, attitudes, behaviours as well as opinions of people related to the topic of any research. This method has been operated through grounded research, case study and actionable research.
Quantitative Research:
It contains several laboratory experiments, basic surveys, mathematical calculations, simulations and so on. The possible measurement, quantity or amount is considered to be a major factor in the quantitative research methodology.
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