Prosthetics are medical devices that are used to replace a missing body part or to improve the function of a body part. Prosthetics are most typically used to replace missing limbs and joints. Individuals who have lost limbs or have congenital limb differences from birth wear prosthetic devices. There are several types of prosthetic equipment available to help patients regain movement. The prosthetics that are currently available improve the quality of life of patients by facilitating the movement required to manage daily activities. Lower extremity prosthetic devices enable people to run, walk, and participate in sports. The increased activity gives folks more independence and confidence.
Prosthetics Market Overview:
This Prosthetics Market analysis provides a comprehensive examination of current and emerging trends and dynamics within the level sensor market. It conducts an in-depth market forecast for the primary market segments spanning from 2021 to 2027. Extensive analysis of the Prosthetics Market is carried out through meticulous monitoring of critical product positioning and the competitive landscape’s top players. Key competitors are profiled, and their strategies are thoroughly dissected to gain a profound understanding of the competitive landscape within the Prosthetics Market.
The COVID-19 pandemic has significantly impacted the Prosthetics industry. The downturn in the economy and workforce shortages have led to the suspension of Prosthetics production facilities. This, in turn, has resulted in a pronounced and extended decrease in production utilization. Travel restrictions and facility closures have further contributed to keeping employees away from their workplaces, thereby causing a deceleration in the growth of the Prosthetics Market throughout 2020. However, the adverse effects of COVID-19 on the Prosthetics Markets are anticipated to be transitory. The industry is poised for a swift rebound by early 2021 due to the heightened demand for Prosthetics technologies.
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COVID-19 Impact on Prosthetics Market:
The Prosthetics Industry encountered substantial challenges as a result of the COVID-19 pandemic, triggering widespread repercussions. Disruptions and manpower shortages prompted the closure of production facilities, culminating in a significant and protracted reduction in production utilization. Imposed travel limitations and facility shutdowns hindered on-site operations, exacerbating the market’s sluggishness throughout 2020. Notwithstanding these adverse consequences, the detrimental effects of the COVID-19 pandemic on this industry are anticipated to be short-lived, with a swift resurgence anticipated by the beginning of 2021. This rebound is set to be fueled by a heightened demand for Prosthetics technologies.
Prosthetics Market Drivers:
Amputations occur for a variety of reasons, including unintentional injuries, diabetes, cancer, blood vessel problems, infection, and so on. As a result, the need for prosthetic devices to improve patient lifestyles has skyrocketed. According to the Freedom Prosthetics Report 2020, more than 1.0 million limb amputations are performed globally each year. Furthermore, one amputation is performed every 30 seconds on a global scale. These previously mentioned variables are significant drivers of the global market.
Prosthetics Market Segmentation:
The analysis includes comprehensive quantitative insights that provide a clear understanding of the Prosthetics Market potential across various categories. It also encompasses country-specific analysis for each covered region. The study examines crucial factors influencing the market, coupled with detailed profiles of key companies in the industry.
by Product
1. Upper Extremity Prosthetics
2. Lower Extremity Prosthetics
3. Sockets
4. Other Products
by Technology
1. Conventional
2. Electric Powered
3. Hybrid Orthopedic Prosthetics
by End User
1. Hospitals
2. Prosthetic Centers
3. Other End Users
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Key Players:
This research report provides in-depth quantitative insights on market potential across numerous categories, as well as country-specific assessments for each covered area. The report examines the key market factors and is supplemented by detailed profiles of…
1. Aesthetic Prosthetics Inc.,
2. Össur, Blatchford Limited,
3. Integra Life Sciences Holdings,
4. Steeper Group, Ottobock SE & Co.
5. KGaA (suit X), Stryker Corporation,
6. B. Braun Melsungen AG
7. Aether Biomedical
8. Mobius Bionics LLC
9. WillowWood Global LLC.
10. Uniprox (Bauerfeind)
11. Ortho Europe
12. Fillauer LLC (Fillauer Companies, Inc.)
13. Hanger, Inc. (U.S.)
14. Ultra flex Systems Inc.
15. Healthcare GmbH
16. College Park Industries
17. exiii Inc.
18. OttoBock Healthcare GmbH,
19. Deka Research and Development Corporation
20. ProtUnix,
21. Johnson & Johnson Services, Inc.,
22. Smith & Nephew
23. Stryker Corporation, Zimmer Biomet
Regional Analysis:
The regional segment of the Prosthetics Market analysis includes factors that influence individual markets and changes in regulations impacting present and future market trends. Various indicators, such as downstream and upstream value chain analysis, technological trends, Porter’s Five Forces analysis, and case studies, are used to predict market scenarios in different regions. The analysis also considers the presence and influence of players in each region, as well as the challenges they face due to competition from local and domestic brands, be it substantial or minimal.
In summary, this Prosthetics market analysis comprehensively examines the level sensor market, providing insights into current trends, drivers, segmentation, key players, and regional dynamics. The study aids in understanding the market’s current state and its potential trajectory in the coming years.
Table Of Content:
1. Global Prosthetics Market: Research Methodology
2. Global Prosthetics Market: Executive Summary
3. Global Prosthetics Market: Competitive Landscape
3.1. MMR Competition Matrix
3.2. Competitive Landscape
3.3. Key Players Benchmarking
3.4. Global Market Key Player Ranking Analysis
3.5. Market Structure
3.5.1. Market Leaders
3.5.2. Market Followers
3.5.3. Emerging Players
3.6. Consolidation of the Market
4. Global Prosthetics Market: Dynamics
4.1. Market Trends by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
4.2. Market Drivers by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
4.3. Market Restraints
4.4. Market Opportunities
4.5. Market Challenges
4.6. PORTER’s Five Forces Analysis
4.7. PESTLE Analysis
4.8. Regulatory Landscape by Region
• North America
• Europe
• Asia Pacific
• The Middle East and Africa
• South America
Key Questions Answered in the Prosthetics Market Report are:
- Which segment emerged as the leading segment in the Prosthetics market?
- Which are the key players in the Prosthetics market?
- What trends are likely to emerge in the Prosthetics market in the coming years?
- What will be the Prosthetics market size by 2027?
- Which company held the largest share in the Prosthetics market in 2020?
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