Market Overview:
The global passive prosthetics market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of amputations, growing geriatric population, and technological advancements in prosthetic devices. Based on type, the global passive prosthetics market is segmented into passive prosthetic feet, passive prosthetic knees, passive prosthetic legs, passive prosthetic hands, and others (passive shoulder joints and elbow joints). Passive knee implants are expected to witness high growth during the forecast period owing to their increasing demand for replacement surgeries due to injuries or arthritis. Based on application, hospitals accounted for the largest share of the global market in 2017. This can be attributed to factors such as rising number of trauma cases and increasing number of amputation surgeries performed annually across hospitals worldwide.
Product Definition:
Passive prosthetics are devices that replace or assist in the replacement of a lost body part. Passive prosthetics are important because they can help people live more normal lives by replacing lost body parts.
Passive Prosthetic Feet:
Passive prosthetic feet are used to provide stability and support to a patient's residual foot while the other parts of the prosthesis are attached. They can be considered as an alternative or supplement to conventional removable prosthetic devices.
The passive prosthetic feet market is in its growth phase and is expected to grow at a significant rate over the forecast period owing to rising number of amputees globally, increasing awareness about these devices among potential users, technological advancements in this field.
Passive Prosthetic Knees:
Passive prosthetic knees are used in cases where the residual knee joint is unstable due to severe trauma or congenital deformity. These prosthetic devices are intended to provide stability and support to the residual knee while allowing free movement of the leg.
Application Insights:
The market is segmented by application into hospitals, prosthetic clinics, trauma centers, ambulatory surgical centers (ASCs), rehabilitation centers and others. The hospital segment dominated the global passive prosthetics market in 2017 owing to increasing number of knee replacement surgeries and rising prevalence of chronic diseases such as diabetes that require longterm care. According to a study published by the CDC in 2016, around 1 out of every 3 older adults have at least one chronic condition requiring medical attention. Thus, growing geriatric population suffering from mobility problems due to conditions such as arthritis and hip fractures are driving demand for these devices across hospitals globally.
The ASCs segment is expected to grow at a rapid pace over the forecast period owing to rise in sports injuries including ACL injuries that often require total or partial knee replacement surgery for proper healing process.
Regional Analysis:
North America dominated the global market in 2017. The presence of well-developed healthcare infrastructure, high prevalence of orthopedic conditions, and rising number of road accidents are some factors driving the regional market. In addition, increasing government initiatives to create awareness regarding advanced technologies for patients is also expected to drive growth during the forecast period. For instance, in 2015, New Jersey Institute of Technology (NJIT) launched a project called “Ortho Ears†which was aimed at creating awareness about hearing aids among people with disabilities and encouraging them to wear active listening devices instead of relying on traditional methods such as amplification devices or headsets.
Asia Pacific is expected to be one of the fastest growing regions during the forecast period owing to various factors such as improving healthcare facilities & infrastructure due to increasing investments by governments & private players along with rising disposable income especially in developing countries like India.
Growth Factors:
- Increasing geriatric population: The global population of people aged 60 years and above is estimated to grow from 901 million in 2015 to 1.4 billion by 2030, according to the United Nations Population Division. This will create a large pool of patients with mobility issues, who are likely to require prosthetic devices for assistance in performing activities of daily living (ADLs).
- Advances in technology: Prosthetic devices are becoming increasingly sophisticated, with new technologies being developed all the time that can improve their functionality and comfort levels. For instance, passive prosthetics now often incorporate sensors and microprocessors that allow them to adapt automatically to changes in the environment or the user’s body posture. This is helping to make them more user-friendly and increase their adoption rates among patients.
- Growing awareness about benefits of prosthetics: There is a growing awareness among both healthcare professionals and patients about the benefits of using prosthetic devices as an alternative or supplement to traditional treatment methods for various medical conditions such as limb loss or paralysis. This is helping fuel demand for passive prosthetics products globally.
Scope Of The Report
Report Attributes
Report Details
Report Title
Passive Prosthetics Market Research Report
By Type
Passive Prosthetic Feet, Passive Prosthetic Knees, Passive Prosthetic Legs, Passive Prosthetic Hands, Passive Prosthetic Arms, Others
By Application
Hospitals, Prosthetic Clinics, Trauma Centers, Ambulatory Surgical Centers, Rehabilitation Centers, Others
By Companies
COAPT LLC, Ossur, Fillauer LLC, Ottobock, WillowWood Global LLC, Endolite India Ltd, College Park Industries, Steeper Inc., TRS Inc., Comprehensive Prosthetics & Orthotics USA, Liberating Technologies, Inc.
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
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Passive Prosthetics Market Report Segments:
The global Passive Prosthetics market is segmented on the basis of:
Types
Passive Prosthetic Feet, Passive Prosthetic Knees, Passive Prosthetic Legs, Passive Prosthetic Hands, Passive Prosthetic Arms, Others
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, Prosthetic Clinics, Trauma Centers, Ambulatory Surgical Centers, Rehabilitation Centers, 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:
- COAPT LLC
- Ossur
- Fillauer LLC
- Ottobock
- WillowWood Global LLC
- Endolite India Ltd
- College Park Industries
- Steeper Inc.
- TRS Inc.
- Comprehensive Prosthetics & Orthotics USA
- Liberating Technologies, Inc.
Highlights of The Passive Prosthetics 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:
- Passive Prosthetic Feet
- Passive Prosthetic Knees
- Passive Prosthetic Legs
- Passive Prosthetic Hands
- Passive Prosthetic Arms
- Others
- By Application:
- Hospitals
- Prosthetic Clinics
- Trauma Centers
- Ambulatory Surgical Centers
- Rehabilitation Centers
- 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 Passive Prosthetics 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
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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?
Passive prosthetics are devices that help people with disabilities to regain some level of mobility. They can be used to help people with amputations, spinal cord injuries, and other conditions. Passive prosthetics may include devices such as artificial limbs, wheelchairs, or crutches.
Some of the key players operating in the passive prosthetics market are COAPT LLC, Ossur, Fillauer LLC, Ottobock, WillowWood Global LLC, Endolite India Ltd, College Park Industries, Steeper Inc., TRS Inc., Comprehensive Prosthetics & Orthotics USA, Liberating Technologies, Inc..
The passive prosthetics market is expected to register a CAGR of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Passive Prosthetics 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 Passive Prosthetics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Passive Prosthetics 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 Passive Prosthetics 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 Passive Prosthetics Market Size & Forecast, 2020-2028
4.5.1 Passive Prosthetics Market Size and Y-o-Y Growth
4.5.2 Passive Prosthetics 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 Passive Prosthetic Feet
5.2.2 Passive Prosthetic Knees
5.2.3 Passive Prosthetic Legs
5.2.4 Passive Prosthetic Hands
5.2.5 Passive Prosthetic Arms
5.2.6 Others
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 Prosthetic Clinics
6.2.3 Trauma Centers
6.2.4 Ambulatory Surgical Centers
6.2.5 Rehabilitation Centers
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Passive Prosthetics 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 Passive Prosthetics 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 Passive Prosthetic Feet
9.6.2 Passive Prosthetic Knees
9.6.3 Passive Prosthetic Legs
9.6.4 Passive Prosthetic Hands
9.6.5 Passive Prosthetic Arms
9.6.6 Others
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 Prosthetic Clinics
9.10.3 Trauma Centers
9.10.4 Ambulatory Surgical Centers
9.10.5 Rehabilitation Centers
9.10.6 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 Passive Prosthetic Feet
10.6.2 Passive Prosthetic Knees
10.6.3 Passive Prosthetic Legs
10.6.4 Passive Prosthetic Hands
10.6.5 Passive Prosthetic Arms
10.6.6 Others
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 Prosthetic Clinics
10.10.3 Trauma Centers
10.10.4 Ambulatory Surgical Centers
10.10.5 Rehabilitation Centers
10.10.6 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 Passive Prosthetic Feet
11.6.2 Passive Prosthetic Knees
11.6.3 Passive Prosthetic Legs
11.6.4 Passive Prosthetic Hands
11.6.5 Passive Prosthetic Arms
11.6.6 Others
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 Prosthetic Clinics
11.10.3 Trauma Centers
11.10.4 Ambulatory Surgical Centers
11.10.5 Rehabilitation Centers
11.10.6 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 Passive Prosthetic Feet
12.6.2 Passive Prosthetic Knees
12.6.3 Passive Prosthetic Legs
12.6.4 Passive Prosthetic Hands
12.6.5 Passive Prosthetic Arms
12.6.6 Others
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 Prosthetic Clinics
12.10.3 Trauma Centers
12.10.4 Ambulatory Surgical Centers
12.10.5 Rehabilitation Centers
12.10.6 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 Passive Prosthetic Feet
13.6.2 Passive Prosthetic Knees
13.6.3 Passive Prosthetic Legs
13.6.4 Passive Prosthetic Hands
13.6.5 Passive Prosthetic Arms
13.6.6 Others
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 Prosthetic Clinics
13.10.3 Trauma Centers
13.10.4 Ambulatory Surgical Centers
13.10.5 Rehabilitation Centers
13.10.6 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 Passive Prosthetics Market: Competitive Dashboard
14.2 Global Passive Prosthetics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 COAPT LLC
14.3.2 Ossur
14.3.3 Fillauer LLC
14.3.4 Ottobock
14.3.5 WillowWood Global LLC
14.3.6 Endolite India Ltd
14.3.7 College Park Industries
14.3.8 Steeper Inc.
14.3.9 TRS Inc.
14.3.10 Comprehensive Prosthetics & Orthotics USA
14.3.11 Liberating Technologies, Inc.
