Rising Prevalence Of Arthritis To Boost Prosthetics Legs Market Growth

Prosthetics Legs Market
Prosthetics Legs Market 

Prosthetics Legs Market is Segmented by Product (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Sockets, and Other Products), Technology (Conventional, Electric-powered, and Hybrid Orthopedic Prosthetics), End User (Hospitals, Prosthetic Centers, and Other End Users), by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2022 – 2030

The global Prosthetic Legs Market is estimated to be valued at US$ 1.61 billion in 2022 and is expected to exhibit a CAGR of 5.4 % over the forecast period, as highlighted in a new report published by Coherent Market Insights.

Market Overview:

Prosthetic legs, or prostheses, can aid individuals with leg ejections get over very conveniently. They perform the working and, often, even the appearance of a real leg. Some people still require a cane, stroller or sticks to walk with a prosthetic leg, whereas others can walk easily.

Competitive Landscape:

Key Players involved in the growth of global Prosthetic Legs Market are Mobius Bionics, Fillauer LLC, Blatchford Ltd, Ossur, and Willow Wood Global LLC.

Market Key Drivers:

Rising prevalence of arthritis is expected to augment the growth of global Prosthetics Legs for Market. For instance, as per Arthritis Foundation, in 2021, above 350 million people had arthritis across the globe.

Technological developments in electric prostheses are projected to propel the growth of global Prosthetics Legs for Market. For instance, in August 2021, engineers at MIT and SJT University made a soft, frivolous, and strong low-cost neuroprosthetic hand.

Covid-19 Impact Analysis:

The Covid-19 outbreak has adversely affected the growth of global Prosthetics Legs Market due to the rise in surge of pandemic. The rising cases have led to shift of provider’s focus to cure Covid-19 patients. The delay in the treatment for other diseases and the rise in shutdown policies have impeded the market growth.

Key Takeaways:

The global Prosthetics Legs for Market is anticipated to exhibit a CAGR of 5.4 % during the forecast period owing to the rising approvals and product launches. For instance, in November 2021, Össur, introduced three novel designs of its iconic Cheetah sports prosthesis, which have been made for amputee sportspersons taking part in particular athletic uses, such as sprinting.

Among regions, North America, Europe and Asia Pacific are expected to witness robust growth in global Prosthetic Legs Market due to rising prevalence of osteoarthritis, increasing healthcare infrastructure, increasing launches and approvals. For instance, in February 2020, In2Bones Global Inc. launched the Avenger Radial Head Prosthesis Method in the US market.

Comments

Post a Comment

Popular posts from this blog

Sarcopenia Treatment; Training and Physical Exercise Is Key to Counteract Sarcopenia

Image
Sarcopenia Treatment A primary Sarcopenia Treatment is exercise. Researchers have identified resistance training as the specific form of exercise that is most beneficial to individuals with sarcopenia. At present, resistance exercise, protein supplementation, and vitamin D have been established as the basic treatment of sarcopenia. Recent clinical trials on sarcopenia therapies such as physical exercise, nutraceutical, and pharmaceutical interventions have revealed that exercise is the only effective strategy shown to alleviate sarcopenia. Sarcopenia refers to a loss of muscle mass specifically related to aging. It's normal to lose some muscle mass as people age. Sarcopenia has been defined as an age-related, involuntary loss of skeletal muscle mass and strength. Although aging is the main cause of sarcopenia, some other factors contribute to the loss of muscle mass. Getting little or no physical activity on a regular basis puts people at an increased risk of developing sarcopenia
Read more

Bioresorbable Implants Can Also Help To Prevent Complications And Speed Up The Recovery Process

Image
Bioresorbable Implants Medical implants, either passive for structural support or for diagnosis and therapy with active electronics, are widely used in surgical applications. Although they have shown long-term biocompatibility, their removal imposes physical, biological and economical burdens on patients. To overcome this drawback, implantable devices exhibiting biodegradation in the body have been developed. These implants disappear inside the body after a certain time of use, and can be replaced with natural bone. The resorption of Bioresorbable Implants is driven by hydrolysis of the bonds linking their monomers. The amorphous portions of the polymer degrade first, while the crystalline regions remain intact and provide most of their mechanical strength. The monomers are then broken down into lactic and glycolic acids, which are converted to pyruvate and then processed through the citric acid cycle into water and carbon dioxide. The Bioresorbable Implants Market was valued at US$
Read more

Increasing Developments by Key Players Are Expected To Augment the Growth of the Global Digital Pathology Market

Image
 Digital Pathology Digital Pathology Market , by Product Type (Image Analysis Software, Scanner {Bright Field Scanner, Fluorescence Scanner}, Services {Installation & Integration, Maintenance Services, Consulting Services}), by Therapeutic Area (Oncology, Hematology, Autoimmune Disorder, Dermatology, and Others), by Technology (Immunohistochemistry, ISH & FISH, Immunofluorescence and others) End User (Pharmaceutical & Biotechnology Companies, Diagnostic Labs, Hospital Laboratories, and Others), and by Region (North America, Latin America, Europe, Asia Pacific, Middle East, and Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030. The global Digital Pathology Market is anticipated to reach an estimated value of US$ 884.4 million in 2023 and is projected to grow at a CAGR of 12.2% from 2023 to 2030. Market Overview: Digital pathology refers to the practice of digitizing glass slides containing tissue samples and analyzing them using digital imaging technology
Read more