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Upper Limb Prosthetics Market Share

Report ID: GMI4235
Published Date: Nov 2024
Report Format: PDF

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Upper Limb Prosthetics Market Share

The market is characterized by a mix of established global players and innovative startups. Key companies focus on advancing technology, such as myoelectric and smart prosthetics, to enhance user experience and functionality. Collaboration between manufacturers, healthcare providers, and research institutions is driving innovation and product development. Additionally, growing demand for customization and personalization is prompting companies to tailor solutions to meet individual user needs, intensifying competition in the market.

Upper Limb Prosthetics Market Companies

Prominent players operating in the upper limb prosthetics industry include:

COVVI
CPOUSA
Endolite India
exiii
Fillauer
Mobius Bionics
Motorica
Open Bionics
Ortho Europe
Ossur
Ottobock
Protunix
Steeper Group
Unlimited Tomorrow
WillowWood

Authors: Mariam Faizullabhoy , Gauri Wani

Frequently Asked Questions (FAQ) :

The global upper limb prosthetics industry was valued at USD 848.8 million in 2023 and is expected to grow at a 5% CAGR from 2024 to 2032, driven by rising limb loss incidences and advancements in prosthetic technology.

The prosthetic arm segment generated the highest revenue of USD 267.4 million in 2023, bolstered by innovations in robotics, advanced sensors, and AI.

The North America market recorded USD 370.7 million in 2023 and is anticipated to grow at a 4.8% CAGR from 2024 to 2032, driven by continuous technological advancements in healthcare.

Key players in the market include COVVI, CPOUSA, Endolite India, exiii, Fillauer, Mobius Bionics, Motorica, Open Bionics, and Ortho Europe.