The prosthetics market has the potential to grow by USD 487.71 million during 2021-2025, and the market’s growth momentum will accelerate at a CAGR of 5.52%.
This prosthetics market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers market segmentation by component (lower extremity prosthetics and upper extremity prosthetics) and geography (North America, Europe, Asia, and ROW). The prosthetics market report also offers information on several market vendors, including Blatchford Clinical Services, DAW Industries Inc, Fillauer LLC, Ossur hf., Ottobock SE and Co. KGaA, Proteor SAS, Steeper Inc., Streifeneder OrthoProduction GmbH, WillowWood Global LLC, and Zimmer Biomet Holdings Inc. among others.
What will the Prosthetics Market Size be in 2021?
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Prosthetics Market: Key Drivers and Trends
The increasing incidence of sports injuries is notably driving the prosthetics market growth, although factors such as high cost of prosthetics may impede market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the prosthetics industry. The holistic analysis of the drivers will help in predicting end goals and refining marketing strategies to gain a competitive edge.
This prosthetics market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2021-2025.
Who are the Major Prosthetics Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- Blatchford Clinical Services
- DAW Industries Inc
- Fillauer LLC
- Ossur hf.
- Ottobock SE and Co. KGaA
- Proteor SAS
- Steeper Inc.
- Streifeneder OrthoProduction GmbH
- WillowWood Global LLC
- Zimmer Biomet Holdings Inc.
The vendor landscape of the prosthetics market entails successful business strategies deployed by the vendors. The prosthetics market is fragmented and the vendors are deploying various organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Download a free sample of the prosthetics market forecast report for insights on complete key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Which are the Key Regions for Prosthetics Market?
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39% of the market’s growth will originate from North America during the forecast period. The US is the key market for prosthetics in North America.
The report offers an up-to-date analysis of the geographical composition of the market. North America has been recording a significant growth rate and is expected to offer several growth opportunities to market vendors during the forecast period. The rising incidence of road accidents will facilitate the prosthetics market growth in North America over the forecast period. The report offers an up-to-date analysis of the geographical composition of the market, competitive intelligence, and regional opportunities in store for vendors.
What are the Revenue-generating Component Segments in the Prosthetics Market?
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The prosthetics market share growth by the lower extremity prosthetics segment has been significant. This report provides insights on the impact of the unprecedented outbreak of COVID-19 on market segments. Through these insights, you can safely deduce transformation patterns in consumer behavior, which is crucial to gauge segment-wise revenue growth during 2021-2025 and embrace technologies to improve business efficiency.
This report provides an accurate prediction of the contribution of all the segments to the growth of the prosthetics market size. Furthermore, our analysts have indicated actionable market insights on post COVID-19 impact on each segment, which is crucial to predict change in consumer demand.
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Prosthetics Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2020 |
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Forecast period |
2021-2025 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.52% |
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Market growth 2021-2025 |
$ 487.71 million |
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Market structure |
Fragmented |
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YoY growth (%) |
5.38 |
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Regional analysis |
North America, Europe, Asia, and ROW |
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Performing market contribution |
North America at 39% |
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Key consumer countries |
US, Germany, France, Japan, and China |
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Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
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Companies profiled |
Blatchford Clinical Services, DAW Industries Inc, Fillauer LLC, Ossur hf., Ottobock SE and Co. KGaA, Proteor SAS, Steeper Inc., Streifeneder OrthoProduction GmbH, WillowWood Global LLC, and Zimmer Biomet Holdings Inc. |
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Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Factors Covered in this Prosthetics Market Report?
- CAGR of the market during the forecast period 2021-2025
- Detailed information on factors that will drive prosthetics market growth during the next five years
- Precise estimation of the prosthetics market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the prosthetics market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of prosthetics market vendors
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