The Europe Upper Limb Prosthetics Market would witness market growth of 6.1% CAGR during the forecast period (2023-2030).
Integrating prosthetic services into healthcare systems has facilitated greater access to upper limb prosthetics. In many countries, healthcare policies and insurance coverage have evolved to include prosthetic devices, making them more accessible to a broader population. As a result, individuals who require these prosthetics due to congenital conditions, accidents, or medical procedures are more likely to receive the necessary support and resources for acquiring these devices. Rehabilitation programs incorporating prosthetics have played a pivotal role in the adoption process.
Military veterans who have experienced upper limb amputations due to injuries sustained in the line of duty are a significant demographic in the adoption of prosthetic limbs. Military organizations and veteran support initiatives often provide access to cutting-edge prosthetic technology, enabling veterans to regain a sense of normalcy and independence. The experiences of military veterans with prosthetics can contribute to a broader societal acceptance and understanding of the capabilities of these devices. Societal perceptions and attitudes towards disability and assistive technology have evolved, contributing to a more inclusive environment for individuals with upper limb amputations.
The prevalence of joint disorders, particularly osteoarthritis, increases with age in Europe. The risk of cancer generally increases with age, and cancer treatments such as surgeries or therapies may lead to amputations in Europe. Advances in healthcare, including surgical techniques and rehabilitation services, improve the survival rates of individuals with severe medical conditions or injuries that can lead to amputations in Europe. Similarly, according to a report on the French aging policy published by the UN, as in other European countries, France faces a continuous and significant increase in the number of older people. The nation had 15 million people aged more than 60 in France in 2012, expected to reach 24 million in 2060. Hence, all these factors will uplift the regional market’s expansion in the coming years.
The Germany market dominated the Europe Upper Limb Prosthetics Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $68.8 Million by 2030. The UK market is exhibiting a CAGR of 5.1% during (2023 - 2030). Additionally, The France market would experience a CAGR of 6.9% during (2023 - 2030).
Free Valuable Insights: The Global Upper Limb Prosthetics Market will Hit $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 Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
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