What is Global Lower Limb Prosthetics Market?
The Global Lower Limb Prosthetics Market is a specialized sector within the broader medical devices industry. It focuses on the production and distribution of artificial limbs, specifically those designed for the lower part of the body. These prosthetics are designed to replace a missing leg or foot, helping individuals regain mobility and improve their quality of life. The market encompasses a wide range of products, from basic prosthetic limbs to advanced bionic devices. The demand for these products is driven by various factors, including the prevalence of diseases such as diabetes and peripheral arterial disease, which can lead to amputations, as well as injuries from accidents or conflicts. The market also includes services related to prosthetics, such as fitting, customization, and rehabilitation therapy.
Prosthetic Foot, Prosthetic Knee, Prosthetic Leg, Other in the Global Lower Limb Prosthetics Market:
The Global Lower Limb Prosthetics Market is segmented into various types based on the specific part of the limb they replace. These include prosthetic foot, prosthetic knee, prosthetic leg, and others. Each of these segments has its unique characteristics and applications. A prosthetic foot, for example, is designed to mimic the function of a natural foot, providing balance and enabling the user to walk. It can be further divided into subtypes such as SACH (Solid Ankle Cushion Heel) foot and energy-storing foot. A prosthetic knee, on the other hand, is a complex device that replicates the movement of a human knee, allowing the user to bend and straighten their leg. It can be mechanical or computerized, with the latter offering more precise control. A prosthetic leg is a complete artificial limb that includes a foot, ankle, knee, and socket. Other types of lower limb prosthetics include partial foot prosthetics and hip disarticulation prosthetics.
Adults, Juveniles in the Global Lower Limb Prosthetics Market:
The Global Lower Limb Prosthetics Market caters to two primary user groups: adults and juveniles. Adult users make up the majority of the market. This is largely due to the high prevalence of conditions such as diabetes and peripheral arterial disease among adults, which can lead to lower limb amputations. Adults also account for a significant number of traumatic injuries that require prosthetics. The market offers a wide range of products tailored to the needs of adult users, from basic prosthetic limbs to advanced bionic devices. Juvenile users, on the other hand, represent a smaller but important segment of the market. Children and adolescents may require prosthetics due to congenital conditions, injuries, or illnesses. The market provides prosthetics designed specifically for this age group, taking into account their growth and development needs.
Global Lower Limb Prosthetics Market Outlook:
The Global Lower Limb Prosthetics Market has shown significant growth in recent years. In 2023, the market was valued at US$ 1317.5 million. It is projected to reach a value of US$ 1955.9 million by 2030, growing at a compound annual growth rate (CAGR) of 5.8% during the forecast period from 2024 to 2030. The market is dominated by two major manufacturers, OttoBock and Ossur, which together hold over 50% of the global market share. The most popular type of lower limb prosthetic is the prosthetic foot, which accounts for over 60% of the market. In terms of user groups, adults represent the largest segment, with around 90% of the market share.
| Report Metric | Details |
| Report Name | Lower Limb Prosthetics Market |
| Accounted market size in 2023 | US$ 1317.5 million |
| Forecasted market size in 2030 | US$ 1955.9 million |
| CAGR | 5.8% |
| Base Year | 2023 |
| Forecasted years | 2024 - 2030 |
| Segment by Type |
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| Segment by Application |
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| Consumption by Region |
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| By Company | OttoBock, Ossur, Proteor, WillowWood, Steeper Group, Blatchford, College Park, Fillauer, Trulife, Streifeneder |
| Forecast units | USD million in value |
| Report coverage | Revenue and volume forecast, company share, competitive landscape, growth factors and trends |
