Market Overview:
The global prosthetic foot market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The growth in the market can be attributed to the increasing incidence of amputations, technological advancements in prosthetic feet, and rising awareness about prosthetic feet. The global prosthetic foot market is segmented on the basis of type, application, and region. On the basis of type, the market is segmented into mechanical foot and microprocessor foot. The mechanical foot segment dominates the global prosthetic foot market owing to its low cost and easy availability as compared to microprocessor feet. However, with technological advancements being made in microprocessor feet such as incorporation of sensors that provide feedback on ground contact and terrain features for improved gait patterns for amputees; this segment is expected to witness high growth during the forecast period. On the basis of application, adults account for a majority share in terms of revenue generated followed by juveniles due .
Product Definition:
A prosthetic foot is a device that replaces a missing foot. It may be used for people who have had an amputation due to injury or disease, or for those born with a congenital absence of a foot.
Mechanical Foot:
Mechanical foot is a device that provides support to the disabled or geriatric population. It's major applications are in post-operative recovery and rehabilitation of patients with chronic diseases such as diabetes, arthritis, etc. Mechanical feet have gained popularity due to its cost efficiency over other devices and growing prevalence of diabetes & arthritis globally. The mechanical foot market is segmented on the basis of product type which includes single function & double function mechanical feet (ankle/thumb).
Microprocessor Foot:
Microprocessor foot (MPF) is a microchip that is implanted into the users' own body, which enables them to control the movement of their feet. It was firstly developed for people who are unable to use hands or any other limbs due to a neurological disorder or spinal cord injury. Microprocessor foot has two sensors in it, namely an accelerometer and a gyroscope.
Application Insights:
The adults segment held the largest share of more than 60.0% in 2017. The prosthetic foot is majorly used in the amputees who have suffered from trauma or burns due to accidents, road injuries or diseases such as diabetes and cancer. According to a study published by National Center for Biotechnology Information (NCBI) in 2018, it was observed that around 20% of people above 60 years suffer from some form of disability every year globally and this number is expected to increase by 2030 due to aging population across the globe. This factor can be attributed towards rising demand for advanced prosthetic feet among amputees¢â‚¬â„¢ families across the world.
The juvenile segment is projected to expand at a CAGR of XX%, in terms of revenue, over the forecast period owing to rising cases involving Amputation at birth & below knee level (above ankle level).
Regional Analysis:
Europe dominated the global market in 2017 owing to high prevalence of diabetes and ulcers. Presence of well-established healthcare facilities, availability of advanced products, and rising awareness about amputations are some factors expected to drive the regional market over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period due to increasing diabetic population along with growing medical tourism industry in countries such as India, China, Thailand, Malaysia etc. In addition, favorable government initiatives for prosthetic manufacturing will also boost growth over coming years. For instance; The Ministry Of Health And Family Welfare (MoHFW) Government Of India has approved a National Prosthetics Programme that aims at ensuring access & affordability for people with disabilities & promotes inclusion through prosthetics services across India making it one of the key stakeholders driving progress globally within Asia Pacific region pertaining to amputations rates and subsequently propelling demand for various types of artificial feet worldwide.
Growth Factors:
- Increasing incidence of diabetes and other foot-related diseases: The increasing incidence of diabetes and other foot-related diseases is a major growth driver for the prosthetic foot market. According to the World Health Organization, over 422 million people are living with diabetes worldwide, and this number is expected to reach 642 million by 2030. This will create a large pool of patients who will require prosthetic feet, thereby driving market growth.
- Rising awareness about prosthetic feet: There is a growing awareness among patients about the benefits of using prosthetic feet. This has led to an increase in demand for these devices, which is driving market growth.
- Technological advancements: Prosthetic foot manufacturers are constantly innovating their products in order to meet the needs of their customers. For instance, they are now offering devices that can be customized according to individual patient requirements. This has helped boost market growth significantly in recent years.
Scope Of The Report
Report Attributes
Report Details
Report Title
Prosthetic Foot Market Research Report
By Type
Mechanical Foot, Microprocessor Foot
By Application
Adults, Juveniles
By Companies
Ottobock, Ossur, Proteor, Fillauer, WillowWood, Blatchford, Trulife, College Park, Streifeneder KG, Roadrunnerfoot
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 Prosthetic Foot Market Report Segments:
The global Prosthetic Foot market is segmented on the basis of:
Types
Mechanical Foot, Microprocessor Foot
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
Adults, Juveniles
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
- Proteor
- Fillauer
- WillowWood
- Blatchford
- Trulife
- College Park
- Streifeneder KG
- Roadrunnerfoot
Highlights of The Prosthetic Foot 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:
- Mechanical Foot
- Microprocessor Foot
- By Application:
- Adults
- Juveniles
- 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 Prosthetic Foot 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.
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- 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?
A prosthetic foot is a device that replaces the function of a missing or damaged foot. Prosthetic feet can be made from different materials, including metal, plastic, and silicone. They come in different sizes and shapes to fit various types of feet.
Some of the major companies in the prosthetic foot market are Ottobock, Ossur, Proteor, Fillauer, WillowWood, Blatchford, Trulife, College Park, Streifeneder KG, Roadrunnerfoot.
The prosthetic foot market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Prosthetic Foot 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. Prosthetic Foot Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Prosthetic Foot Market - Supply Chain
4.5. Global Prosthetic Foot Market Forecast
4.5.1. Prosthetic Foot Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Prosthetic Foot Market Size (000 Units) and Y-o-Y Growth
4.5.3. Prosthetic Foot Market Absolute $ Opportunity
5. Global Prosthetic Foot 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. Prosthetic Foot Market Size and Volume Forecast by Type
5.3.1. Mechanical Foot
5.3.2. Microprocessor Foot
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Prosthetic Foot 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. Prosthetic Foot Market Size and Volume Forecast by Application
6.3.1. Adults
6.3.2. Juveniles
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Prosthetic Foot 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. Prosthetic Foot 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 Prosthetic Foot 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. Prosthetic Foot 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 Prosthetic Foot Demand Share Forecast, 2019-2029
9. North America Prosthetic Foot 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 Prosthetic Foot 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 Prosthetic Foot Market Size and Volume Forecast by Application
9.4.1. Adults
9.4.2. Juveniles
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Prosthetic Foot Market Size and Volume Forecast by Type
9.7.1. Mechanical Foot
9.7.2. Microprocessor Foot
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 Prosthetic Foot Demand Share Forecast, 2019-2029
10. Latin America Prosthetic Foot 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 Prosthetic Foot 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 Prosthetic Foot Market Size and Volume Forecast by Application
10.4.1. Adults
10.4.2. Juveniles
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Prosthetic Foot Market Size and Volume Forecast by Type
10.7.1. Mechanical Foot
10.7.2. Microprocessor Foot
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 Prosthetic Foot Demand Share Forecast, 2019-2029
11. Europe Prosthetic Foot 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 Prosthetic Foot 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 Prosthetic Foot Market Size and Volume Forecast by Application
11.4.1. Adults
11.4.2. Juveniles
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Prosthetic Foot Market Size and Volume Forecast by Type
11.7.1. Mechanical Foot
11.7.2. Microprocessor Foot
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 Prosthetic Foot Demand Share, 2019-2029
12. Asia Pacific Prosthetic Foot 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 Prosthetic Foot 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 Prosthetic Foot Market Size and Volume Forecast by Application
12.4.1. Adults
12.4.2. Juveniles
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Prosthetic Foot Market Size and Volume Forecast by Type
12.7.1. Mechanical Foot
12.7.2. Microprocessor Foot
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 Prosthetic Foot Demand Share, 2019-2029
13. Middle East & Africa Prosthetic Foot 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 Prosthetic Foot 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 Prosthetic Foot Market Size and Volume Forecast by Application
13.4.1. Adults
13.4.2. Juveniles
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Prosthetic Foot Market Size and Volume Forecast by Type
13.7.1. Mechanical Foot
13.7.2. Microprocessor Foot
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 Prosthetic Foot Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Prosthetic Foot Market: Market Share Analysis
14.2. Prosthetic Foot Distributors and Customers
14.3. Prosthetic Foot 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. Proteor
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Fillauer
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. WillowWood
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Blatchford
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Trulife
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. College Park
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Streifeneder KG
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Roadrunnerfoot
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
