Market Overview:
The global myoelectric prosthetics market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of amputations, technological advancements in myoelectric prosthetics, and rising awareness about myoelectric prosthetics. The upper limb segment is expected to account for the largest share of the global myoelectric prosthetics market in 2018. This segment is expected to grow at a CAGR of 7.8% during the forecast period from 2018 to 2030. The growth in this segment can be attributed to the increasing incidence of upper extremity amputations and technological advancements in upper limb myoelectric prosthetics. The hospitals segment is expected to account for the largest share of the global myoelectric prosthetics market in 2018.
Product Definition:
Myoelectric prosthetics are prosthetic devices that use electrical signals from the muscles to control movement. This type of prosthetic is important because it allows people with amputations to have more natural movement and dexterity.
Upper Limb:
Upper limb is the part of the body that moves above the level of the trunk. It includes elbow, shoulder, and wrist joints. The upper limb is used in most daily activities by people and hence it's market size is expected to be significant over a period of time. Upper Limb myoelectric prosthetics market has gained momentum owing to rising geriatric population base worldwide which has led to increasing cases of disability due to age or any other cause.
Lower Limb:
The lower limb is the part of the body that is below the knee and above the ankle. The myoelectric prosthetics market includes products such as artificial feet, ankles, and legs. These are used by people who have lost their natural leg or foot due to disease or injury.
According to a study conducted by amputee Coalition, in U.S.
Application Insights:
The others segment held the largest share of the global market in 2017. This segment includes surgical centers, home healthcare, and other applications such as prosthetic watches and toys. The growing adoption of myoelectric prosthetics by athletes for upper limb amputees is expected to drive this application significantly over the forecast period. In addition, hospitals accounted for a significant share in this market due to increasing government funding towards improving healthcare infrastructure across developing countries including India and China.
Upper limb was estimated as the largest segmental share owing to rising number of patients requiring above-elbow amputation or shoulder disarticulation procedures due to trauma or cancerous growths on skin surface near elbow region. Moreover, favorable reimbursement policies are anticipated to boost product demand from hospitals over next few years which in turn is expected drive industry growth globally during forecast period (2018-2030).
Regional Analysis:
Europe dominated the global market in 2017 owing to favorable reimbursement policies, increasing geriatric population, and rising awareness about myoelectric prosthetics. In addition, growing demand for upper-limb prosthetics is expected to drive the regional market over the forecast period. Asia Pacific is expected to grow at a lucrative rate due to an increase in government funding for rehabilitation centers and hospitals as well as improving healthcare infrastructure. Moreover, increasing cases of amputations due to diabetes are also anticipated boost regional growth over the forecast period.
The global market has been segmented into North America, Europe, Asia Pacific (APAC), Latin America (LATAM), and MEA on the basis of region along with type into upper limb amputees (ULA) and lower limb amputees (LLA).
Growth Factors:
- Increasing incidence of amputations due to accidents or diseases
- Growing demand for advanced prosthetic devices
- Rising awareness about myoelectric prosthetics among amputees and healthcare professionals
- Technological advancements in myoelectric prosthetics devices
- Growing number of rehabilitation centers offering myoelectric prosthetic services
Scope Of The Report
Report Attributes
Report Details
Report Title
Myoelectric Prosthetics Market Research Report
By Type
Upper Limb, Lower Limb
By Application
Hospitals, Prosthetic Clinics, Rehabilitation Centers, Others
By Companies
Ottobock, Ossur, Fillauer, Proteor, Blatchford, WillowWood, Protunix, Hanger
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
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Myoelectric Prosthetics Market Report Segments:
The global Myoelectric Prosthetics market is segmented on the basis of:
Types
Upper Limb, Lower Limb
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, 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:
- Ottobock
- Ossur
- Fillauer
- Proteor
- Blatchford
- WillowWood
- Protunix
- Hanger
Highlights of The Myoelectric 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:
- Upper Limb
- Lower Limb
- By Application:
- Hospitals
- Prosthetic Clinics
- 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 Myoelectric 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
- 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?
Myoelectric prosthetics are devices that use electrical signals to control movement. They can be used to replace lost or damaged limbs, and they are becoming increasingly common as technology improves.
Some of the major players in the myoelectric prosthetics market are Ottobock, Ossur, Fillauer, Proteor, Blatchford, WillowWood, Protunix, Hanger.
The myoelectric prosthetics market is expected to grow at a compound annual growth rate of 7.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Myoelectric Prosthetics Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Myoelectric Prosthetics Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Myoelectric Prosthetics Market - Supply Chain
4.5. Global Myoelectric Prosthetics Market Forecast
4.5.1. Myoelectric Prosthetics Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Myoelectric Prosthetics Market Size (000 Units) and Y-o-Y Growth
4.5.3. Myoelectric Prosthetics Market Absolute $ Opportunity
5. Global Myoelectric Prosthetics Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Myoelectric Prosthetics Market Size and Volume Forecast by Type
5.3.1. Upper Limb
5.3.2. Lower Limb
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Myoelectric Prosthetics Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Myoelectric Prosthetics Market Size and Volume Forecast by Application
6.3.1. Hospitals
6.3.2. Prosthetic Clinics
6.3.3. Rehabilitation Centers
6.3.4. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Myoelectric Prosthetics Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Myoelectric Prosthetics Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Myoelectric Prosthetics Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Myoelectric Prosthetics Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Myoelectric Prosthetics Demand Share Forecast, 2019-2026
9. North America Myoelectric Prosthetics Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Myoelectric Prosthetics Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Myoelectric Prosthetics Market Size and Volume Forecast by Application
9.4.1. Hospitals
9.4.2. Prosthetic Clinics
9.4.3. Rehabilitation Centers
9.4.4. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Myoelectric Prosthetics Market Size and Volume Forecast by Type
9.7.1. Upper Limb
9.7.2. Lower Limb
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Myoelectric Prosthetics Demand Share Forecast, 2019-2026
10. Latin America Myoelectric Prosthetics Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Myoelectric Prosthetics Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Myoelectric Prosthetics Market Size and Volume Forecast by Application
10.4.1. Hospitals
10.4.2. Prosthetic Clinics
10.4.3. Rehabilitation Centers
10.4.4. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Myoelectric Prosthetics Market Size and Volume Forecast by Type
10.7.1. Upper Limb
10.7.2. Lower Limb
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Myoelectric Prosthetics Demand Share Forecast, 2019-2026
11. Europe Myoelectric Prosthetics Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Myoelectric Prosthetics Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Myoelectric Prosthetics Market Size and Volume Forecast by Application
11.4.1. Hospitals
11.4.2. Prosthetic Clinics
11.4.3. Rehabilitation Centers
11.4.4. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Myoelectric Prosthetics Market Size and Volume Forecast by Type
11.7.1. Upper Limb
11.7.2. Lower Limb
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Myoelectric Prosthetics Demand Share, 2019-2026
12. Asia Pacific Myoelectric Prosthetics Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Myoelectric Prosthetics Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Myoelectric Prosthetics Market Size and Volume Forecast by Application
12.4.1. Hospitals
12.4.2. Prosthetic Clinics
12.4.3. Rehabilitation Centers
12.4.4. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Myoelectric Prosthetics Market Size and Volume Forecast by Type
12.7.1. Upper Limb
12.7.2. Lower Limb
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Myoelectric Prosthetics Demand Share, 2019-2026
13. Middle East & Africa Myoelectric Prosthetics Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Myoelectric Prosthetics Market Size and Volume 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. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Myoelectric Prosthetics Market Size and Volume Forecast by Application
13.4.1. Hospitals
13.4.2. Prosthetic Clinics
13.4.3. Rehabilitation Centers
13.4.4. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Myoelectric Prosthetics Market Size and Volume Forecast by Type
13.7.1. Upper Limb
13.7.2. Lower Limb
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Myoelectric Prosthetics Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Myoelectric Prosthetics Market: Market Share Analysis
14.2. Myoelectric Prosthetics Distributors and Customers
14.3. Myoelectric Prosthetics Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Ottobock
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Ossur
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Fillauer
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Proteor
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Blatchford
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. WillowWood
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Protunix
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Hanger
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
