North America Motorized Prosthesis Market

North America Motorized Prosthesis Market Size, Share & Industry Trends Analysis Report By End User (Hospitals, Prosthetic Clinics, Rehabilitation Centers and Others), By Type (Passive, Active and Hybrid), By Country and Growth Forecast, 2022 - 2028

Report Id: KBV-13995 Publication Date: February-2023 Number of Pages: 52
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Market Report Description

The North America Motorized Prosthesis Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).

A system of wires or attachments in a body-powered prosthesis controls the limb. The prosthetic arm is ultimately operated and maintained by the end-user using other body parts, including elbows, chest, and shoulders. The electrical impulses from the muscles caused this to occur. Moreover, such messages are converted into motions.

Body-powered arm prosthesis are superior gadgets that operate smoothly in more demanding situations and are perfect for doing specific jobs, which is another reason for pushing the sales of motorized prosthesis. Although a professional option, motorized prosthesis are a practical choice since they are often less expensive than myoelectric alternatives. The need for motorized prosthesis systems is increased as a result.

With a motorized prosthesis, the amputee has access to external power. As a result, both functionality and speed are improved. Many active knee joints, ankle joints, and systems that combine the ankle and knee have been created by businesses during the last several years. The motorized prosthesis is an important piece of equipment that may aid the user's active hand and regain the capacity to pick up and grip items. Amputees may benefit physically, socially, and personally from motorized prosthetics.

In Canada, there were 1,745 motor vehicle deaths in 2020, which is a 1% decrease from 1,762 in 2019. In 2019, there were 8,917 significant injuries, a reduction of 5.8% from 2018 (9,463); however, the figure is still significant. In addition, many individuals suffer from persistent impairments as a result of the increased number of injuries sustained in traffic accidents, which increases the need for prosthetic arms, legs, and other body parts. These reasons are expected to cause the motorized prosthesis market to expand throughout the projected period.

The US market dominated the North America Motorized Prosthesis Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28,056.1 Thousands by 2028. The Canada market is poised to grow a CAGR of 12.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.6% during (2022 - 2028).

Based on End User, the market is segmented into Hospitals, Prosthetic Clinics, Rehabilitation Centers and Others. Based on Type, the market is segmented into Passive, Active and Hybrid. Based on countries, the market is segmented into U.S., Mexico, Canada, and Rest of North America.

Free Valuable Insights: The Global Motorized Prosthesis Market is Predict to reach $98.2 Million by 2028, at a CAGR of 10.7%

The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ossur Hf, Ottobock SE & Co. KGaA, Hanger, Inc. (Patient Square Capital), Advanced Arm Dynamics, Inc., Bionic Prosthetics & Orthotics Group LLC, Integrum AB, Dr. Fritz Faulhaber GmbH & Co. KG, and Sensars Neuroprosthetics.

Scope of the Study

Market Segments Covered in the Report:

By End User

  • Hospitals
  • Prosthetic Clinics
  • Rehabilitation Centres
  • Others

By Type

  • Passive
  • Active
  • Hybrid

By Country

  • US
  • Canada
  • Mexico
  • Rest of North America

Key Market Players

List of Companies Profiled in the Report:

  • Ossur Hf
  • Ottobock SE & Co. KGaA
  • Hanger, Inc. (Patient Square Capital)
  • Advanced Arm Dynamics, Inc.
  • Bionic Prosthetics & Orthotics Group LLC
  • Integrum AB
  • Dr. Fritz Faulhaber GmbH & Co. KG
  • Sensars Neuroprosthetics
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