The global Prosthetic market was valued at US$ 73 million in 2019 and is expected to reach US$ 215.8 million by the end of 2026, growing at a CAGR of 16.5% during 2021-2026.
Prosthetic is a functional replacement for an amputated or congenitally malformed or missing limb, including upper body prosthetic and lower body prosthetic. More specifically, body prosthetics are applied in the hospitals, clinics, rehabilitation center and others..
In the last several years, global Prosthetic market developed rapidly,
The global average price of Prosthetic is in the increasing trend, from 1.57 K USD/Unit in 2013 to 1.65 K USD/Unit in 2017. With the situation of global economy, prices will be in increasing trend in the following five years.
Prosthetic is widely used in hospital and rehabilitation center to face the vascular, truma and congenital disease amputees. The most proportion of Prosthetic is used in vascular disease amputees. Market competition is intense, including Otto Bock, Ossur, Proteor, Fillauer, Ohio Willow Wood, Trulife, Blatchford, Streifeneder and College Park etc. Especially, Otto Bock and Ossur are the leaders of the industry, with high-end customers.
Global Prosthetic Market: Drivers and Restrains
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
Global Prosthetic Market: Segment Analysis
The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.
Key Companies profiled in this report are Otto Bock, Ossur, Proteor, Fillauer, Ohio Willow Wood, Trulife, Blatchford, Streifeneder, College Park and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.
Find more details at: https://www.themarketreports.com/report/global-prosthetic-market-research-report
Segment by Type
- Lower Body Prosthetic
- Upper Body Prosthetic
Segment by Application
- Vascular Disease Amputees
- Truma Disease Amputees
- Congenital Disabilities Amputees
Table of Content:
1 Prosthetic Market Overview
2 Prosthetic Market Competition by Manufacturers
3 Prosthetic Retrospective Market Scenario by Region
4 Global Prosthetic Historic Market Analysis by Type
5 Global Prosthetic Historic Market Analysis by Application
6 Key Companies Profiled
7 Prosthetic Manufacturing Cost Analysis
8 Marketing Channel, Distributors and Customers
9 Prosthetic Market Dynamics
10 Global Prosthetic Market Forecast
11 Research Finding and Conclusion
12 Methodology and Data Source
Company Name: The Market Reports
Contact Person: Shirish Gupta
Peter Barzilai is a high school pitcher and college rower turned longtime World News journalist. Peter has also written for Buzz Feed and Huffington Post and many other major publications, Peter Loves everything about sports and loves to write on trending topics and he is DailyFactsNTrends member since 2017.