Market Overview

The Upper Limb Prosthetics market is predicted to develop at a compound annual growth rate (CAGR) of 5.5% from 2024 to 2033, when it is projected to reach USD 1.42 Billion, based on an average growth pattern. The market is estimated to reach a value of USD 0.97 Billion in 2024.

SOURCE: We Market Research

Artificial devices intended to replace absent or non-functioning arm elements, ranging from the hand to the shoulder, are referred to as upper limb prostheses. By restoring functionality and beauty, these prosthetics help people participate in activities and carry out daily duties that they would not be able to do on their own. Cutting-edge materials and technology, such as myoelectric control systems, which interpret muscle impulses to perform motions, are used in upper limb prostheses today. Personal fittings are made possible by customization choices, which improve comfort and usefulness. Upper limb prosthetics work to enhance the freedom and quality of life for those who have lost or are disabled by limbs through ongoing innovation.

The Upper Limb Prosthetics Market encompasses the global industry involved in the development, manufacturing, and distribution of artificial limb devices for the arm, including the hand, wrist, forearm, and shoulder. This market is driven by factors such as the increasing incidence of limb loss due to accidents, injuries, and medical conditions like diabetes and vascular diseases. Technological advancements, such as the integration of robotics and advanced materials, continually enhance the functionality and aesthetics of prosthetic limbs. Additionally, rising awareness about the availability of prosthetic solutions and improving healthcare infrastructure contribute to the market's growth, facilitating greater accessibility and affordability of these devices worldwide.

Market Scope

Upper Limb Prosthetics Industry: Dynamics & Restrains     

Market opportunity:

We Market Research: Upper Limb Prosthetics Dashboard

Our marketing platform offers a comprehensive dashboard that provides clients with valuable insights into market trends over the years. Included below is a sample image of our dashboard, and specific PDF logins will be furnished to grant access to this insightful tool.

Blue Technology Segmentation

Market- By Product Type

By Product Type, the Upper Limb Prosthetics Market is Categories into Passive Prosthetic Devices, Body Powered Prosthetic Devices, Myoelectric Prosthetic Devices, and Hybrid Prosthetic Devices. The Passive Prosthetic Devices segment accounts for the largest share of around 45% in 2024.

A growing number of amputees, a greater need for upper limb prosthetic procedures, more patient knowledge of prosthetic devices, and technological improvements are some of the key factors driving this market. The passive prosthetics market has grown significantly as a result of these considerations.

The following segments are part of an in-depth analysis of the global Upper Limb Prosthetics market:

Upper Limb Prosthetics Industry: Regional Analysis

North America Market Forecast

North America dominates the Upper Limb Prosthetics Market with the highest revenue generating market with share of more than 46%. Technological advancements, an aging population, and favorable reimbursement policies drive growth in the Upper Limb Prosthetics Market. Robust research infrastructure fosters innovation, while comprehensive insurance coverage ensures accessibility, collectively propelling the market forward in North America.

Europe Market Statistics

Europe is the second-largest market for Upper Limb Prosthetics. Europe's Upper Limb Prosthetics Market thrives due to a robust healthcare infrastructure, an aging population, and emphasis on comprehensive rehabilitation. These factors, combined with increasing awareness, contribute to the region's dynamic landscape for prosthetic innovation and accessibility.

Asia Pacific Market Forecasts

Asia Pacific is expected to be the fastest-growing market for Upper Limb Prosthetics during the forecast period. The Asia-Pacific region sees growth in the Upper Limb Prosthetics Market driven by rising healthcare expenditure, awareness, and rapid technological adoption. Increasing investment in healthcare infrastructure, coupled with education campaigns, fosters accessibility to prosthetic services and drives market expansion.

Key Market Players

The Upper Limb Prosthetics Market is dominated by a few large companies, such as

Ossur

Ottobock

Steeper Group

Open Bionics

Comprehensive Prosthetics & Orthotics

COAPT LLC

Mobius Bionics

Protonix

Motorica

Other

1.      Global Upper Limb Prosthetics Market Introduction and Market Overview

1.1.    Objectives of the Study

1.2.    Global Upper Limb Prosthetics Market Scope and Market Estimation

1.2.1. Global Upper Limb Prosthetics Overall Market Size, Revenue (US$ Mn), Market CAGR (%), Market forecast (2023 - 2033)

1.2.2. Global Upper Limb Prosthetics Market Revenue Share (%) and Growth Rate (Y-o-Y) from 2019 - 2033

1.3.    Market Segmentation

1.3.1. Component of Global Upper Limb Prosthetics Market

1.3.2. Product Type  of Global Upper Limb Prosthetics Market

1.3.3. End-user  of Global Upper Limb Prosthetics Market

1.3.4. Region of Global Upper Limb Prosthetics Market

2.      Executive Summary

2.1.    Global Upper Limb Prosthetics Market Industry Trends under COVID-19 Outbreak

2.1.1. Global COVID-19 Status Overview

2.1.2. Influence of COVID-19 Outbreak on Global Upper Limb Prosthetics Market Industry Development

2.2.    Market Dynamics

2.2.1. Drivers

2.2.2. Limitations

2.2.3. Opportunities

2.2.4. Impact Analysis of Drivers and Restraints

2.3.    Pricing Trends Analysis & Average Selling Prices (ASPs)

2.4.    Key Mergers & Acquisitions, Expansions, JVs, Funding / VCs, etc.

2.5.    Porter’s Five Forces Analysis

2.5.1. Bargaining Power of Suppliers

2.5.2. Bargaining Power of Buyers

2.5.3. Threat of Substitutes

2.5.4. Threat of New Entrants

2.5.5. Competitive Rivalry

2.6.    Value Chain / Ecosystem Analysis

2.7.    Russia-Ukraine War Impacts Analysis

2.8.    Economic Downturn Analysis

2.9.      Market Investment Opportunity Analysis (Top Investment Pockets), By Segments & By Region

3.      Global Upper Limb Prosthetics Market Estimates & Historical Trend Analysis (2019 - 2022)

4.      Global Upper Limb Prosthetics Market Estimates & Forecast Trend Analysis, by PRODUCT TYPE

4.1.    Global Upper Limb Prosthetics Market Revenue (US$ Mn) Estimates and Forecasts, by PRODUCT TYPE , 2019 to 2033

4.1.1. Passive Prosthetic Devices

4.1.2. Body Powered Prosthetic Devices

4.1.3. Myoelectric Prosthetic Devices

4.1.4. Hybrid Prosthetic Devices

5.      Global Upper Limb Prosthetics Market Estimates & Forecast Trend Analysis, by Component

5.1.    Global Upper Limb Prosthetics Market Revenue (US$ Mn) Estimates and Forecasts, by Component, 2019 to 2033

5.1.1. Prosthetic Arm

5.1.2. Prosthetic Elbow

5.1.3. Prosthetic Wrist

5.1.4. Prosthetic Shoulder

5.1.5. Others

6.      Global Upper Limb Prosthetics Market Estimates & Forecast Trend Analysis, by End-user

6.1.    Global Upper Limb Prosthetics Market Revenue (US$ Mn) Estimates and Forecasts, by End-user , 2019 to 2033

6.1.1. Hospitals

6.1.2. Prosthetic Clinics

6.1.3. Others

7.      Global Upper Limb Prosthetics Market Estimates & Forecast Trend Analysis, by Region

7.1.    Global Upper Limb Prosthetics Market Revenue (US$ Mn) Estimates and Forecasts, by Region, 2019 to 2033

7.1.1. North America

7.1.2. Europe

7.1.3. Asia Pacific

7.1.4. Middle East & Africa

7.1.5. South America

8.      North America Upper Limb Prosthetics Market: Estimates & Forecast Trend Analysis

8.1.    North America Upper Limb Prosthetics Market Assessments & Key Findings

8.1.1. North America Upper Limb Prosthetics Market Introduction

8.1.2. North America Upper Limb Prosthetics Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

8.1.2.1.   By PRODUCT TYPE

8.1.2.2.   By Component

8.1.2.3.   By End-user

8.1.2.4.   By Country

8.1.2.4.1.     The U.S.

8.1.2.4.2.     Canada

8.1.2.4.3.     Mexico

9.      Europe Upper Limb Prosthetics Market: Estimates & Forecast Trend Analysis

9.1.    Europe Upper Limb Prosthetics Market Assessments & Key Findings

9.1.1. Europe Upper Limb Prosthetics Market Introduction

9.1.2. Europe Upper Limb Prosthetics Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

9.1.2.1.   By PRODUCT TYPE

9.1.2.2.   By Component

9.1.2.3.   By End-user

9.1.2.4.        By Country

9.1.2.4.1.     Germany

9.1.2.4.2.     U.K.

9.1.2.4.3.     France

9.1.2.4.4.     Italy

9.1.2.4.5.     Spain

9.1.2.4.6.     Russia

9.1.2.4.7.     Rest of Europe

10.  Asia Pacific Upper Limb Prosthetics Market: Estimates & Forecast Trend Analysis

10.1.  Asia Pacific Market Assessments & Key Findings

10.1.1.   Asia Pacific Upper Limb Prosthetics Market Introduction

10.1.2.   Asia Pacific Upper Limb Prosthetics Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

10.1.2.1.    By PRODUCT TYPE

10.1.2.2.    By Component

10.1.2.3.    By End-user

10.1.2.4.    By Country

10.1.2.4.1. China

10.1.2.4.2. Japan

10.1.2.4.3. India

10.1.2.4.4. Australia

10.1.2.4.5. South Korea

10.1.2.4.6. ASEAN

10.1.2.4.7. Rest of Asia Pacific

11.  Middle East & Africa Upper Limb Prosthetics Market: Estimates & Forecast Trend Analysis

11.1.  Middle East & Africa Market Assessments & Key Findings

11.1.1.   Middle East & Africa Upper Limb Prosthetics Market Introduction

11.1.2.   Middle East & Africa Upper Limb Prosthetics Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

11.1.2.1.    By PRODUCT TYPE

11.1.2.2.    By Component

11.1.2.3.    By End-user

11.1.2.4.    By Country

11.1.2.4.1. U.A.E.

11.1.2.4.2. Saudi Arabia

11.1.2.4.3. Egypt

11.1.2.4.4. South Africa

11.1.2.4.5. Rest of Middle East & Africa

12.  South America Upper Limb Prosthetics Market: Estimates & Forecast Trend Analysis

12.1.  South America Market Assessments & Key Findings

12.1.1.   South America Upper Limb Prosthetics Market Introduction

12.1.2.   South America Upper Limb Prosthetics Market Size Estimates and Forecast (US$ Million) (2019 – 2033)

12.1.2.1.    By PRODUCT TYPE

12.1.2.2.    By Component

12.1.2.3.    By End-user

12.1.2.4.    By Country

12.1.2.4.1. Brazil

12.1.2.4.2. Argentina

12.1.2.4.3. Colombia

12.1.2.4.4. Rest of South America

13.  Competition Landscape

13.1.  Global Upper Limb Prosthetics Market Competition Matrix & Benchmarking, by Leading Players / Innovators / Emerging Players / New Entrants

13.2.  Global Upper Limb Prosthetics Market Competition White Space Analysis, By End-user

13.3.  Global Upper Limb Prosthetics Market Competition Heat Map Analysis, By End-user

13.4.  Global Upper Limb Prosthetics Market Concentration & Company Market Shares (%) Analysis, 2022

14.  Company Profiles

14.1.                     Össur

14.1.1.   Company Overview & Key Stats

14.1.2.   Financial Performance & KPIs

14.1.3.   Product Portfolio

14.1.4.   Business Strategy & Recent Developments

* Similar details would be provided for all the players mentioned below 

14.2.      Ottobock

14.3.      Steeper Group.

14.4.      Fillauer LLC

14.5.      Open Bionics

14.6.      Comprehensive Prosthetics & Orthotics

14.7.      COAPT LLC.

14.8.      Mobius Bionics.

14.9.      Protonix

14.10.  Motorica

14.11.  Others

15.  Research Methodology

15.1.  External Transportations / Databases

15.2.  Internal Proprietary Database

15.3.  Primary Research

15.4.  Secondary Research

15.5.  Assumptions

15.6.  Limitations

15.7.  Report FAQs

16.  Research Findings & Conclusion