The Asia Pacific Upper Limb Prosthetics Market would witness market growth of 6.5% CAGR during the forecast period (2023-2030).
The use of these prosthetics is to restore basic functionality and assist individuals in performing activities of daily living. Prosthetic devices are designed to replicate hand and arm movements, enabling users to grasp objects, manipulate items, and carry out tasks such as eating, dressing, and personal hygiene. These are crucial in facilitating individuals' return to work and engagement in various occupational activities. Prosthetic devices with advanced features, such as myoelectric sensors and intuitive controls, allow users to perform tasks related to their professions, contributing to productivity and independence in the workplace.
Integrating upper limb prosthetics in sports and recreational activities has become prominent. Athletes with upper limb amputations participate in adaptive sports, such as wheelchair basketball, adaptive snow sports, and track and field, using specially designed prosthetic limbs. These prosthetics are crafted to enhance performance and give athletes a competitive edge. In the military, these serve critical roles in rehabilitating injured soldiers and aiding their reintegration into civilian life. Military-grade prosthetics are designed to withstand rigorous conditions and provide users with the necessary functionality to perform their roles.
As per Invest India, in FY17, the hospital industry in India was worth $ 61.79 billion, projected to reach $ 132 billion by 2023. Hospitals in India are increasingly integrating technology into healthcare practices. This includes using advanced imaging technologies for diagnostics and adopting innovative prosthetic technologies in India. Moreover, healthcare providers in Japan often conduct patient education programs to inform individuals with limb loss and their families about prosthetic options. Rehabilitation centres and clinics in Japan focus on providing comprehensive services, including prosthetic training and support. Media outlets in Japan may feature stories and interviews that highlight individuals successfully using these. Thus, due to the above-mentioned factors, the market will grow significantly in this region.
The China market dominated the Asia Pacific Upper Limb Prosthetics Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $69.4 Million by 2030. The Japan market is registering a CAGR of 5.8% during (2023 - 2030). Additionally, The India market would showcase a CAGR of 7.2% during (2023 - 2030).
Free Valuable Insights: The Global Upper Limb Prosthetics Market is Predict to reach $1.1 Billion by 2030, at a CAGR of 5.9%
Based on Product Type, the market is segmented into Passive Prosthetic Devices, Body Powered Prosthetic Devices, Myoelectric Prosthetic Devices, and Hybrid Prosthetic Devices. Based on Component, the market is segmented into Prosthetic Arm, Prosthetic Elbow, Prosthetic Wrist, Prosthetic Shoulder, and Others. Based on End-user, the market is segmented into Clinics, Hospitals, and Others. Based on countries, the market is segmented into China, Japan, India, South Korea, Singapore, Malaysia, and Rest of Asia Pacific.
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