According to a new report, published by KBV research, The Global Upper Limb Prosthetics Market size is expected to reach $1.1 billion by 2030, rising at a market growth of 5.9% CAGR during the forecast period.
The Body Powered Prosthetic Devices segment would exhibit a CAGR of 6.2% during (2023 - 2030). Body-powered prosthetics typically have fewer electronic components, reducing the need for extensive maintenance. The absence of batteries, motors, and electronic systems contributes to the durability of these devices and minimizes maintenance costs, making them an attractive option for many users. Body-powered prosthetics give users direct control over the movement of the prosthetic limb. Body movements, such as shoulder or upper body motions, allow for precise control of the prosthetic hand or hook. This direct control enhances user confidence and functionality.
The Prosthetic Arm segment is generating highest revenue in the Global Upper Limb Prosthetics Market, by Component in 2022; thereby, achieving a market value of $344.6 Million by 2030. Prosthetic arms are essential for restoring basic functionality to individuals who have lost their natural arms. These devices enable users to perform everyday activities, including reaching, grasping, and manipulating objects, thus restoring a sense of normalcy and independence in daily life. Prosthetic arms support users in performing a wide range of activities of daily living (ADLs). This includes dressing, eating, grooming, and personal hygiene.
The Hospitals segment is experiencing a CAGR of 6.1% during (2023 - 2030). Advancements in the hospital segment include establishing specialized prosthetics clinics within hospital settings. These clinics provide comprehensive prosthetic care, including assessment, fitting, and follow-up services. The presence of specialized clinics enhances the quality of care provided to individuals with upper limb amputations. Hospitals often employ interdisciplinary teams, including prosthetists, orthopedic surgeons, rehabilitation specialists, and physical therapists.
Full Report: https://www.kbvresearch.com/upper-limb-prosthetics-market/
The North America region dominated the Global Upper Limb Prosthetics Market, by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $446 Million by 2030. The Europe region is anticipated to grow at a CAGR of 6.1% during (2023 - 2030). Additionally, The Asia Pacific region would witness a CAGR of 6.5% during (2023 - 2030).
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