Top Growth Trends in the Artificial Limbs Market: Insights into Market Size and Opportunities for 2025-2034
2025 Market Reports Update: Market Size Forecasts to 2034, Key Trends, Leading Players, and Top Regions – Get Ahead of the Competition Today!
Which Major Market Drivers Are Expected to Boost the Growth Potential of the Artificial Limbs Market?
The surge in road accidents and traumatic incidents is anticipated to influence the expansion of the artificial limbs market in the future. Road mishaps and traumas involve injuries or deaths due to vehicle crashes and other occurrences on the road, affecting both drivers and bystanders. The rise in these incidents can be attributed to distracted driving, exceeding the speed limit, substandard road conditions, and lack of sufficient safety protocols. Artificial limbs provide substantial advantages to victims of road mishaps and traumas by reinstating movement and function, and enhancing life quality. Prosthetic limbs enable people to recover the capability to walk, run, or use their hands, depending on the limb replaced. For example, in October 2023, as per the Bake, The Road Safety Charity, a government organization based in the UK, the total amount of fatalities due to road mishaps in the UK rose by 10% to hit 1,766 in 2022, with 1,711 incidents happening in Britain and 55 in Northern Ireland. Consequently, the escalation in road mishaps and trauma incidents is fuelling the development of the artificial limbs market.
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#What Are the Key Projections for the CAGR of the Artificial Limbs Market From 2025 to 2034?
In the past few years, the artificial limbs market volume has experienced substantial growth. It is projected to increase from a market value of $2.52 billion in 2024 to about $2.7 billion in 2025, demonstrating a compound annual growth rate (CAGR) of 7.1%. Factors such as the rising rate of limb amputations, improvements in health care facilities and greater accessibility to prosthetic care, growth in awareness and acceptance, government-led initiatives and funding, and the assimilation of cutting-edge technologies like 3D printing and robotics contribute significantly to this observed growth in the past period.
We anticipate a significant increase in the market size of artificial limbs in the coming years, reaching $3.5 billion in 2029, with a Compound Annual Growth Rate (CAGR) of 6.7%. This projected increase during the forecast period is primarily due to the rising occurrence of chronic illnesses, the broadening of healthcare infrastructure, improved rehabilitation services, and greater comprehensibility and approval. Key market trends projected for the future include advancements in 3D printing technology, bionic limbs featuring superior sensors, wearable sensor integration, progression in robotic prosthetics, and the creation of more intuitive interfaces.
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What Are the Key Market Innovations in theArtificial Limbs Market Over the Coming Years?
In the artificial limbs market, key players are prioritizing the development of innovative products such as motor-powered knees to improve the performance and versatility of prosthetic limbs. A motor-powered knee represents a sophisticated type of prosthetic knee joint that employs motors to emulate natural knee actions by controlling the leg’s extension and flexion. For example, in February 2022, Össur hf, an Icelandic manufacturer specializing in non-invasive equipment, introduced new prosthetic knees for individuals with limb discrepancies or above-knee amputations. This unique knee merges a motorized mechanism, which increases the device’s versatility and performance. It primarily features an advanced real-time gait analysis that dynamically modifies the movements of the knee to coincide with the user’s walking style and surroundings. With this, users experience a more fluid and authentic motion, thus enhancing mobility and convenience overall.
Who Are the Top Companies Driving Innovation and Growth in theArtificial Limbs Market?
Major companies operating in the artificial limbs market are Cadence Inc., Nabtesco Corporation, Otto Bock HealthCare GmbH, DJO Global Inc., Össur hf, Hanger Inc., Blatchford Group, Trulife Ltd., Steeper Group Ltd., Fillauer LLC, Orthomerica Products Inc., Cascade Orthopedic Supply LP, The Ohio Willow Wood Company, Spinal Technology Inc., College Park Industries Inc., Comprehensive Prosthetics & Orthotics USA, ALPS South LLC, Touch Bionics Inc., Streifeneder USA Inc., Ekso Bionics Holdings Inc., Freedom Innovations LLC, Proteor USA LLC, United Prosthetics Inc., Liberating Technologies Inc., Naked Prosthetics Inc., Kinetec USA Inc., Endolite North America Inc., Medicare Inc.
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Which Key Market Segments Comprise the Artificial Limbs Market and Drive Its Revenue Growth?
The artificial limbs market covered in this report is segmented –
1) By Product: Upper Extremity, Lower Extremity, Liners, Sockets, Other Products
2) By Material: Titanium, Plastics, Other Materials
3) By Technology: Body Powered Or Cable Powered, Cosmetic Prosthetics, Myoelectric Or Electrically Powered, Other Technologies
4) By End User: Hospitals, Orthopedic Clinics, Ambulatory Surgical Centers, Rehabilitation Centers, Prosthetic Clinics
Subsegments:
1) By Upper Extremity: Prosthetic Arms, Prosthetic Hands, Elbow Joints, Wrist Joints
2) By Lower Extremity: Prosthetic Legs, Prosthetic Feet, Knee Joints, Ankle Joints
3) By Liners: Silicone Liners, Gel Liners, Thermoplastic Liners
4) By Sockets: Hard Sockets, Soft Sockets, Adjustable Sockets
5) By Other Products: Accessories, Maintenance Kits, Customization Tools
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Which Regions Are Emerging as Leaders in the Artificial Limbs Market?
North America was the largest region in the artificial limbs market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the artificial limbs market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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