LAMEA Upper Limb Prosthetics Market Size, Share & Trends Analysis Report By Product Type, By Component (Prosthetic Arm, Prosthetic Elbow, Prosthetic Wrist, Prosthetic Shoulder, and Others), By End-user, By Country and Growth Forecast, 2023 - 2030

The Latin America, Middle East and Africa Upper Limb Prosthetics Market would witness market growth of 7.0% CAGR during the forecast period (2023-2030).

These prosthetics are not solely functional but also cater to aesthetic considerations. Prosthetic manufacturers offer customizable designs and coverings that allow users to express their individuality and style. This personalization contributes to the user's self-esteem and confidence, fostering a positive psychological impact. These are increasingly integrated with smart devices and technology. Bluetooth connectivity and compatibility with smartphones or tablets enable users to control their prosthetic limbs, access settings, and receive real-time feedback. This integration enhances user convenience and facilitates seamless interaction with the digital world.

Prosthetic devices are valuable tools in rehabilitation programs, helping individuals adapt to and master the use of their prosthetic limbs. Therapists use prosthetics to guide patients through exercises that improve strength, coordination, and motor skills, fostering a smoother transition to independent living. Bionic prosthetics represent a cutting-edge use of technology, incorporating robotics and artificial intelligence to provide users with advanced functionality. These prosthetics can perform intricate tasks, such as fine motor skills and delicate movements, expanding the range of activities that individuals can engage in.

Increased healthcare spending contributes to expanding and enhancing healthcare facilities, including prosthetic clinics in the UAE. This ensures that individuals in the UAE have access to specialized prosthetic services and fitting expertise. Increased healthcare spending allows for adopting advanced prosthetic technologies in the UAE. This includes myoelectric prosthetics, sensor-integrated devices, and other innovations that enhance the functionality and comfort of upper limb prosthetics in the UAE. Higher healthcare spending allows for integrating telehealth technologies in prosthetic care in the UAE. Therefore, due to these aspects, the market will expand across the LAMEA region in upcoming years.

The Brazil market dominated the LAMEA Upper Limb Prosthetics Market, by Country in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $14.3 Million by 2030. The Argentina market is showcasing a CAGR of 7.6% during (2023 - 2030). Additionally, The UAE market would register a CAGR of 6.6% during (2023 - 2030).

Based on Product Type, the market is segmented into Passive Prosthetic Devices, Body Powered Prosthetic Devices, Myoelectric Prosthetic Devices, and Hybrid Prosthetic Devices. Based on Component, the market is segmented into Prosthetic Arm, Prosthetic Elbow, Prosthetic Wrist, Prosthetic Shoulder, and Others. Based on End-user, the market is segmented into Clinics, Hospitals, and Others. Based on countries, the market is segmented into Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA.

List of Key Companies Profiled

• Ossur Hf.
• Ottobock SE & Co. KGaA
• Blatchford Group (Endolite India Ltd.)
• Fillauer LLC (Fillauer Companies, Inc.)
• Open Bionics Ltd
• Comprehensive Prosthetics & Orthotics
• COAPT LLC
• Mobius Bionics LLC
• Ortho Europe Limited
• WillowWood Global LLC

Market Report Segmentation

By Product Type

• Passive Prosthetic Devices
• Body Powered Prosthetic Devices
• Myoelectric Prosthetic Devices
• Hybrid Prosthetic Devices

By Component

• Prosthetic Arm
• Prosthetic Elbow
• Prosthetic Wrist
• Prosthetic Shoulder
• Others

By End-user

• Clinics
• Hospitals
• Others

By Country

• Brazil
• Argentina
• UAE
• Saudi Arabia
• South Africa
• Nigeria
• Rest of LAMEA