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Global Artificial Limbs Market (2023-2028) by Product, Technology, End-Users, and Geography, Competitive Analysis, Impact of Covid-19, Impact of Economic Slowdown & Impending Recession with Ansoff Analysis

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  • 194 Pages
  • January 2023
  • Region: Global
  • Infogence Global Research
  • ID: 5748869

Governments in developing regions are launching reimbursement schemes to cover a small portion of the cost of a prosthetic limb fitted onto an amputee

The Global Artificial Limbs Market is estimated to be USD 8.49 Bn in 2023 and is expected to reach USD 10.39 Bn by 2028, growing at a CAGR of 4.12%.

Market Dynamics

Market dynamics are forces that impact the prices and behaviors of the stakeholders. These forces create pricing signals which result from the changes in the supply and demand curves for a given product or service. Forces of Market Dynamics may be related to macro-economic and micro-economic factors. There are dynamic market forces other than price, demand, and supply. Human emotions can also drive decisions, influence the market, and create price signals.

As the market dynamics impact the supply and demand curves, decision-makers aim to determine the best way to use various financial tools to stem various strategies for speeding the growth and reducing the risks.

Market Segmentations

The Global Artificial Limbs Market is segmented based on Product, Technology, End-Users, and Geography.
  • By Product, the market is classified into Upper Extremity Prosthetics, Lower Extremity Prosthetics, Sockets, Liners, and Others.
  • By Technology, the market is classified into Cosmetic Prosthetics, Electrically Powered/ Myoelectric, and Cable Operated/ Body Powered.
  • By End-Users, the market is classified into Hospitals, Prosthetic Clinics, and Rehabilitation Centers.
  • By Geography, the market is classified into Americas, Europe, Middle-East & Africa, and Asia-Pacific.

Company Profiles

The report provides a detailed analysis of the competitors in the market. It covers the financial performance analysis for the publicly listed companies in the market. The report also offers detailed information on the companies' recent development and competitive scenario. Some of the companies covered in this report are Merchant logo, Mobius Bionics LLC, Optimus Prosthetics, Össur hf., Ottobock SE & Co. KGaA, etc.

Countries Studied

  • America (Argentina, Brazil, Canada, Chile, Colombia, Mexico, Peru, United States, Rest of Americas)
  • Europe (Austria, Belgium, Denmark, Finland, France, Germany, Italy, Netherlands, Norway, Poland, Russia, Spain, Sweden, Switzerland, United Kingdom, Rest of Europe)
  • Middle-East and Africa (Egypt, Israel, Qatar, Saudi Arabia, South Africa, United Arab Emirates, Rest of MEA)
  • Asia-Pacific (Australia, Bangladesh, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Sri Lanka, Thailand, Taiwan, Rest of Asia-Pacific)

Competitive Quadrant

The report includes a Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Ansoff Analysis

The report presents a detailed Ansoff matrix analysis for the Global Artificial Limbs Market. Ansoff Matrix, also known as Product/Market Expansion Grid, is a strategic tool used to design strategies for the growth of the company. The matrix can be used to evaluate approaches in four strategies viz. Market Development, Market Penetration, Product Development, and Diversification. The matrix is also used for risk analysis to understand the risk involved with each approach.

The analyst analyses the Global Artificial Limbs Market using the Ansoff Matrix to provide the best approaches a company can take to improve its market position.

Based on the SWOT analysis conducted on the industry and industry players, the analyst has devised suitable strategies for market growth.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Artificial Limbs Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter's 5 forces model and the Ansoff Matrix. In addition, the impact of COVID-19 and the impact of economic slowdown & impending recession on the market are also featured in the report.
  • The report also includes the regulatory scenario in the industry, which will help you make a well-informed decision. The report discusses major regulatory bodies and major rules and regulations imposed on this sector across various geographies.
  • The report also contains the competitive analysis using Positioning Quadrants, the analyst's competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
Frequently Asked Questions about the Global Artificial Limbs Market

What is the estimated value of the Global Artificial Limbs Market?

The Global Artificial Limbs Market was estimated to be valued at $8.49 Billion in 2023.

What is the growth rate of the Global Artificial Limbs Market?

The growth rate of the Global Artificial Limbs Market is 4.1%, with an estimated value of $10.39 Billion by 2028.

What is the forecasted size of the Global Artificial Limbs Market?

The Global Artificial Limbs Market is estimated to be worth $10.39 Billion by 2028.

Who are the key companies in the Global Artificial Limbs Market?

Key companies in the Global Artificial Limbs Market include Aether Biomedical sp. z o.o., Blatchford Ltd., Coapt, LLC, COVVI Ltd., Custom Prosthetic Designs, Inc., Fillauer LLC, Hanger Clinic, Human Technology Inc., Liberating Technologies, Inc. and Martin Bionics Innovations, LLC.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders

2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study

3 Executive Summary
3.1 Introduction
3.2 Market Size, Segmentations, and Outlook

4 Market Dynamics
4.1 Drivers
4.1.1 Increasing Incidence of Sports Injuries and Road Accidents
4.1.2 Increasing Prevalence of Osteosarcoma
4.1.3 Increase in the Geriatric Population
4.2 Restraints
4.2.1 High Cost of Treatment and Greater Maintenance
4.2.2 Uncertain Reimbursement Scenarios
4.3 Opportunities
4.3.1 Increasing Government Reimbursements in Developing Countries
4.3.2 Incorporation of Advanced Technologies
4.4 Challenges
4.4.1 Limited Surgical Expertise

5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter's Five Forces Analysis
5.3 PESTLE Analysis
5.4 SWOT Analysis
5.5 Impact of COVID-19
5.6 Impact of Economic Slowdown & Impending Recession
5.7 Ansoff Matrix Analysis

6 Global Artificial Limbs Market, By Product
6.1 Introduction
6.2 Upper Extremity Prosthetics
6.3 Lower Extremity Prosthetics
6.4 Sockets
6.5 Liners
6.6 Others

7 Global Artificial Limbs Market, By Technology
7.1 Introduction
7.2 Cosmetic Prosthetics
7.3 Electrically Powered/ Myoelectric
7.4 Cable Operated/ Body Powered

8 Global Artificial Limbs Market, By End-Users
8.1 Introduction
8.2 Hospitals
8.3 Prosthetic Clinics
8.4 Rehabilitation Centers

9 Americas' Artificial Limbs Market
9.1 Introduction
9.2 Argentina
9.3 Brazil
9.4 Canada
9.5 Chile
9.6 Colombia
9.7 Mexico
9.8 Peru
9.9 United States
9.10 Rest of Americas

10 Europe's Artificial Limbs Market
10.1 Introduction
10.2 Austria
10.3 Belgium
10.4 Denmark
10.5 Finland
10.6 France
10.7 Germany
10.8 Italy
10.9 Netherlands
10.10 Norway
10.11 Poland
10.12 Russia
10.13 Spain
10.14 Sweden
10.15 Switzerland
10.16 United Kingdom
10.17 Rest of Europe

11 Middle East and Africa's Artificial Limbs Market
11.1 Introduction
11.2 Egypt
11.3 Israel
11.4 Qatar
11.5 Saudi Arabia
11.6 South Africa
11.7 United Arab Emirates
11.8 Rest of MEA

12 APAC's Artificial Limbs Market
12.1 Introduction
12.2 Australia
12.3 Bangladesh
12.4 China
12.5 India
12.6 Indonesia
12.7 Japan
12.8 Malaysia
12.9 Philippines
12.10 Singapore
12.11 South Korea
12.12 Sri Lanka
12.13 Thailand
12.14 Taiwan
12.15 Rest of Asia-Pacific

13 Competitive Landscape
13.1 Competitive Quadrant
13.2 Market Share Analysis
13.3 Strategic Initiatives
13.3.1 M&A and Investments
13.3.2 Partnerships and Collaborations
13.3.3 Product Developments and Improvements

14 Company Profiles
14.1 Aether Biomedical sp. z o.o.
14.2 Blatchford Ltd.
14.3 Coapt, LLC
14.4 COVVI Ltd.
14.5 Custom Prosthetic Designs, Inc.
14.6 Fillauer LLC
14.7 Hanger Clinic
14.8 Human Technology Inc.
14.9 Liberating Technologies, Inc.
14.10 Martin Bionics Innovations, LLC
14.11 Mobius Bionics LLC
14.12 Motorica LLC
14.13 Naked Prosthetics
14.14 Optimus Prosthetics
14.15 Össur hf.
14.16 Ottobock SE & Co. KGaA
14.17 Proactive Technical Orthopaedics Pvt. Ltd.
14.18 Proteor SA
14.19 Protunix
14.20 Steeper Inc.
14.21 WillowWood Global LLC

15 Appendix
15.1 Questionnaire

Companies Mentioned

  • Aether Biomedical sp. z o.o.
  • Blatchford Ltd.
  • Coapt, LLC
  • COVVI Ltd.
  • Custom Prosthetic Designs, Inc.
  • Fillauer LLC
  • Hanger Clinic
  • Human Technology Inc.
  • Liberating Technologies, Inc.
  • Martin Bionics Innovations, LLC
  • Mobius Bionics LLC
  • Motorica LLC
  • Naked Prosthetics
  • Optimus Prosthetics
  • Össur hf.
  • Ottobock SE & Co. KGaA
  • Proactive Technical Orthopaedics Pvt. Ltd.
  • Proteor SA
  • Protunix
  • Steeper Inc.
  • WillowWood Global LLC