Market Overview:
The global finger prostheses market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of finger injuries and amputations, rising awareness about advanced prosthetic technologies, and growing demand for customized prosthetic devices. Based on type, the global finger prostheses market is segmented into 1-finger, 2-finger, 3-finger, 4-finger, and 5-finger segments. The 1-finger segment is expected to account for the largest share of the global finger prostheses market in 2018 owing to its low cost and easy availability. However, the 5-finger segment is projected to grow at the highest CAGR during the forecast period due to increasing demand for advanced functionalities in finger prosthetics.
Product Definition:
A finger prosthesis is an artificial limb that replaces a finger or thumb. They are typically made of plastic, metal, or silicone. Finger prostheses are used to improve the appearance and function of the hand. They can be used for people who have lost a finger in an accident or who have congenital limb deficiencies.
1 Finger:
1 finger is a single hand with five phalanges including the thumb. The 1 Finger market is driven by factors such as increasing geriatric population, rising adoption of assistive devices and growing technological advancements in robotics & prosthetics. Moreover, rising awareness about disability and chronic diseases also boosts the growth of this market.
2 Fingers:
2 Fingers is a prosthetic device that helps physically disabled people to perform day to day activities. It is mainly used by individuals who have lost the use of one or more fingers due to injury, disease or congenital conditions. The 2 Finger’s system consists of an artificial hand with two functional fingers and a palm that can be attached through sockets in either end of the wrist using flexible steel cables.
Application Insights:
The others application segment held the largest share of more than 60.0% in 2017. The other applications include research laboratories, home healthcare, and prosthetics manufacturing facilities. In most cases, patients with hand injuries or conditions are referred by general physicians to prosthetic clinics for fitting of advanced finger devices that can be used at home without further medical follow-up visits.
In addition, hospitals accounted for a significant market share in terms of revenue as well as volume in 2017 due to rising number of trauma cases and burn injuries across the globe which forces patients to undergo extensive surgeries including plastic surgeries and reconstructive procedures that require various types of advanced finger devices for rehabilitation therapy at hospital bedsides during long-term care facilities or rehabilitation centers post surgical treatments.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to favorable reimbursement policies, increasing government funding for research & development activities, and high prevalence of amputees in this region. For instance, as per the American Association of Neurological Surgeons (AANS), around 60% to 70% patients undergoing below knee amputations are found to have above knee amputations within two years after surgery. In addition, AANs states that there is a shortage of around 80,000 above-knee prosthetic devices which need to be replaced every year in U.S.
Asia Pacific is expected to grow at a lucrative rate over the forecast period owing to factors such as improving healthcare infrastructure.
Growth Factors:
- Increasing geriatric population: The global geriatric population is expected to grow at a CAGR of 6.5% from 2016 to 2020, owing to the increase in life expectancy and the growth in the number of people aged 65 years and above. This will result in an increase in demand for finger prostheses, as they are used to improve quality of life among elderly patients with hand disabilities.
- Rising incidence of accidents and injuries: There is a rise in road accidents, workplace injuries, and other accidental injuries across the world. This has led to an increase in demand for finger prostheses as treatment options for individuals with hand disabilities caused by accidents or injuries.
- Growing awareness about advanced prosthetic technologies: There is growing awareness about advanced prosthetic technologies among patients with hand disabilities and healthcare professionals worldwide. This is resulting in increased adoption of finger prostheses that provide better functionality than traditional devices.
Scope Of The Report
Report Attributes
Report Details
Report Title
Finger Prostheses Market Research Report
By Type
1 Finger, 2 Fingers, 3 Fingers, 4 Fingers, 5 Fingers
By Application
Hospitals, Prosthetics Clinics, Rehabilitation Centre, Others
By Companies
Steeper, Ottobock, Fillauer, College Park Industries, Össur, Mobius Bionics, BrainCo Inc., NAKED PROSTHETICS, Protunix, Aesthetic Prosthetics
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Finger Prostheses Market Report Segments:
The global Finger Prostheses market is segmented on the basis of:
Types
1 Finger, 2 Fingers, 3 Fingers, 4 Fingers, 5 Fingers
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Hospitals, Prosthetics Clinics, Rehabilitation Centre, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Steeper
- Ottobock
- Fillauer
- College Park Industries
- Össur
- Mobius Bionics
- BrainCo Inc.
- NAKED PROSTHETICS
- Protunix
- Aesthetic Prosthetics
Highlights of The Finger Prostheses Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 1 Finger
- 2 Fingers
- 3 Fingers
- 4 Fingers
- 5 Fingers
- By Application:
- Hospitals
- Prosthetics Clinics
- Rehabilitation Centre
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Finger Prostheses Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Finger prostheses are artificial devices that replace missing fingers on a person's hand. Finger prostheses can be made from different materials, including metal, plastic, and silicone. They come in a variety of shapes and sizes to fit various hands.
Some of the major players in the finger prostheses market are Steeper, Ottobock, Fillauer, College Park Industries, –ssur, Mobius Bionics, BrainCo Inc., NAKED PROSTHETICS, Protunix, Aesthetic Prosthetics.
The finger prostheses market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Finger Prostheses Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Finger Prostheses Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Finger Prostheses Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Finger Prostheses Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Finger Prostheses Market Size & Forecast, 2020-2028
4.5.1 Finger Prostheses Market Size and Y-o-Y Growth
4.5.2 Finger Prostheses Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 1 Finger
5.2.2 2 Fingers
5.2.3 3 Fingers
5.2.4 4 Fingers
5.2.5 5 Fingers
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Prosthetics Clinics
6.2.3 Rehabilitation Centre
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Finger Prostheses Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Finger Prostheses Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 1 Finger
9.6.2 2 Fingers
9.6.3 3 Fingers
9.6.4 4 Fingers
9.6.5 5 Fingers
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Prosthetics Clinics
9.10.3 Rehabilitation Centre
9.10.4 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 1 Finger
10.6.2 2 Fingers
10.6.3 3 Fingers
10.6.4 4 Fingers
10.6.5 5 Fingers
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Prosthetics Clinics
10.10.3 Rehabilitation Centre
10.10.4 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 1 Finger
11.6.2 2 Fingers
11.6.3 3 Fingers
11.6.4 4 Fingers
11.6.5 5 Fingers
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Prosthetics Clinics
11.10.3 Rehabilitation Centre
11.10.4 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 1 Finger
12.6.2 2 Fingers
12.6.3 3 Fingers
12.6.4 4 Fingers
12.6.5 5 Fingers
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Prosthetics Clinics
12.10.3 Rehabilitation Centre
12.10.4 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 1 Finger
13.6.2 2 Fingers
13.6.3 3 Fingers
13.6.4 4 Fingers
13.6.5 5 Fingers
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Prosthetics Clinics
13.10.3 Rehabilitation Centre
13.10.4 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Finger Prostheses Market: Competitive Dashboard
14.2 Global Finger Prostheses Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Steeper
14.3.2 Ottobock
14.3.3 Fillauer
14.3.4 College Park Industries
14.3.5 Össur
14.3.6 Mobius Bionics
14.3.7 BrainCo Inc.
14.3.8 NAKED PROSTHETICS
14.3.9 Protunix
14.3.10 Aesthetic Prosthetics
