The Asia Pacific Motorized Prosthesis Market would witness market growth of 11.6% CAGR during the forecast period (2022-2028).
The market for motorized prosthesis is poised for tremendous development as the frequency of impairments and amputations rises. To enhance the lives of those with impairments and amputations, governments and medical institutions are funding the creation and distribution of modern prosthesis.
Amputations are becoming more common due to increased instances of diabetes, blood vessel illnesses, malignancies, infections, excessive tissue damage, malfunction, pain, etc., which has accelerated the market's growth pace. Several stakeholders are involved in clinical trials to create innovative goods as the frequency of amputations rises globally due to various circumstances. The need for motorized prosthesis is expanding as a result of technology and prosthetic device improvements.
With the growth in diabetes-related disabilities and the frequency of auto accidents, lower limb amputation treatments are becoming increasingly widespread. In order to restore the biological functionality of lost body parts, the motorized prosthesis is built on a brain-computer interface. A complex network of motor and cognitive modalities makes up a motorized prosthesis. These tools, which include bladder control tools, are designed to support the operation of the autonomous nervous system.
Road accidents are one of the leading causes of deaths, incapacitating ailments, and hospitalizations globally, particularly in India. The World Health Organization estimates that at least one in ten people murdered on roads worldwide are Indians. Road safety is still a significant development problem, a public health issue, and a primary cause of death and injury across the globe. According to the World Health Organization, at least one out of every ten individuals murdered on roads throughout the globe is an Indian. According to the Indian government, a total of 4,12,432 road accidents were registered in the nation in 2021, killing 1,53,972 deaths and injuring 3,84,448 people. The key factor driving the development of the motorized prosthesis market in the Asia Pacific region is the increase in traffic accidents and the injuries they cause.
The China market dominated the Asia Pacific Motorized Prosthesis Market by Country in 2021 and would continue to be a dominant market till 2028; thereby, achieving a market value of $7,146.7 Thousands by 2028. The Japan market is estimated to grow a CAGR of 10.9% during (2022 - 2028). Additionally, The India market would experience a CAGR of 12.3% during (2022 - 2028).
Based on End User, the market is segmented into Hospitals, Prosthetic Clinics, Rehabilitation Centers and Others. Based on Type, the market is segmented into Passive, Active and Hybrid. Based on countries, the market is segmented into China, Japan, India, Australia, South Korea, Singapore, and Rest of Asia Pacific.
Free Valuable Insights: The Worldwide Motorized Prosthesis Market is Projected to reach USD 98.2 Million by 2028, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ossur Hf, Ottobock SE & Co. KGaA, Hanger, Inc. (Patient Square Capital), Advanced Arm Dynamics, Inc., Bionic Prosthetics & Orthotics Group LLC, Integrum AB, Dr. Fritz Faulhaber GmbH & Co. KG, and Sensars Neuroprosthetics.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Hospitals
- Prosthetic Clinics
- Rehabilitation Centres
- Others
By Type
By Country
- China
- Japan
- India
- South Korea
- Singapore
- Australia
- Rest of Asia Pacific
Key Market Players
List of Companies Profiled in the Report:
- Ossur Hf
- Ottobock SE & Co. KGaA
- Hanger, Inc. (Patient Square Capital)
- Advanced Arm Dynamics, Inc.
- Bionic Prosthetics & Orthotics Group LLC
- Integrum AB
- Dr. Fritz Faulhaber GmbH & Co. KG
- Sensars Neuroprosthetics
Chapter 1. Market Scope & Methodology
1.1 Market Definition
1.2 Objectives
1.3 Market Scope
1.4 Segmentation
1.4.1 Asia Pacific Motorized Prosthesis Market, by End User
1.4.2 Asia Pacific Motorized Prosthesis Market, by Type
1.4.3 Asia Pacific Motorized Prosthesis Market, by Country
1.5 Methodology for the research
Chapter 2. Market Overview
2.1 Introduction
2.1.1 Overview
2.1.1.1 Market Composition and Scenario
2.2 Key Factors Impacting the Market
2.2.1 Market Drivers
2.2.2 Market Restraints
Chapter 3. Asia Pacific Motorized Prosthesis Market by End User
3.1 Asia Pacific Hospitals Market by Country
3.2 Asia Pacific Prosthetic Clinics Market by Country
3.3 Asia Pacific Rehabilitation Centers Market by Country
3.4 Asia Pacific Others Market by Country
Chapter 4. Asia Pacific Motorized Prosthesis Market by Type
4.1 Asia Pacific Passive Market by Country
4.2 Asia Pacific Active Market by Country
4.3 Asia Pacific Hybrid Market by Country
Chapter 5. Asia Pacific Motorized Prosthesis Market by Country
5.1 China Motorized Prosthesis Market
5.1.1 China Motorized Prosthesis Market by End User
5.1.2 China Motorized Prosthesis Market by Type
5.2 Japan Motorized Prosthesis Market
5.2.1 Japan Motorized Prosthesis Market by End User
5.2.2 Japan Motorized Prosthesis Market by Type
5.3 India Motorized Prosthesis Market
5.3.1 India Motorized Prosthesis Market by End User
5.3.2 India Motorized Prosthesis Market by Type
5.4 Australia Motorized Prosthesis Market
5.4.1 Australia Motorized Prosthesis Market by End User
5.4.2 Australia Motorized Prosthesis Market by Type
5.5 South Korea Motorized Prosthesis Market
5.5.1 South Korea Motorized Prosthesis Market by End User
5.5.2 South Korea Motorized Prosthesis Market by Type
5.6 Singapore Motorized Prosthesis Market
5.6.1 Singapore Motorized Prosthesis Market by End User
5.6.2 Singapore Motorized Prosthesis Market by Type
5.7 Rest of Asia Pacific Motorized Prosthesis Market
5.7.1 Rest of Asia Pacific Motorized Prosthesis Market by End User
5.7.2 Rest of Asia Pacific Motorized Prosthesis Market by Type
Chapter 6. Company Profiles
6.1 Integrum AB
6.1.1 Company Overview
6.1.2 Financial Analysis
6.1.3 Regional Analysis
6.1.4 Recent strategies and developments:
6.1.4.1 Partnerships, Collaborations, and Agreements:
6.1.4.2 Trials and Approvals:
6.2 Hanger, Inc. (Patient Square Capital, L.P.)
6.2.1 Company Overview
6.2.2 Financial Analysis
6.2.3 Segmental Analysis
6.2.4 Recent strategies and developments:
6.2.4.1 Product Launches and Product Expansions:
6.3 Ossur Hf.
6.3.1 Company Overview
6.3.2 Financial Analysis
6.3.3 Segmental and Regional Analysis
6.3.4 Research & Development Expense
6.3.5 Recent strategies and developments:
6.3.5.1 Acquisition and Mergers:
6.4 Ottobock SE & Co. KGaA
6.4.1 Company Overview
6.4.2 Recent strategies and developments:
6.4.2.1 Acquisition and Mergers:
6.5 Advanced Arm Dynamics, Inc.
6.5.1 Company Overview
6.6 Bionic Prosthetics & Orthotics Group LLC
6.6.1 Company Overview
6.7 SensArs Neuroprosthetics Sàrl
6.7.1 Company Overview
6.8 Dr. Fritz Faulhaber GmbH & Co. KG
6.8.1 Company Overview
TABLE 1 Asia Pacific Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 2 Asia Pacific Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 3 Asia Pacific Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 4 Asia Pacific Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 5 Asia Pacific Hospitals Market by Country, 2018 - 2021, USD Thousands
TABLE 6 Asia Pacific Hospitals Market by Country, 2022 - 2028, USD Thousands
TABLE 7 Asia Pacific Prosthetic Clinics Market by Country, 2018 - 2021, USD Thousands
TABLE 8 Asia Pacific Prosthetic Clinics Market by Country, 2022 - 2028, USD Thousands
TABLE 9 Asia Pacific Rehabilitation Centers Market by Country, 2018 - 2021, USD Thousands
TABLE 10 Asia Pacific Rehabilitation Centers Market by Country, 2022 - 2028, USD Thousands
TABLE 11 Asia Pacific Others Market by Country, 2018 - 2021, USD Thousands
TABLE 12 Asia Pacific Others Market by Country, 2022 - 2028, USD Thousands
TABLE 13 Asia Pacific Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 14 Asia Pacific Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 15 Asia Pacific Passive Market by Country, 2018 - 2021, USD Thousands
TABLE 16 Asia Pacific Passive Market by Country, 2022 - 2028, USD Thousands
TABLE 17 Asia Pacific Active Market by Country, 2018 - 2021, USD Thousands
TABLE 18 Asia Pacific Active Market by Country, 2022 - 2028, USD Thousands
TABLE 19 Asia Pacific Hybrid Market by Country, 2018 - 2021, USD Thousands
TABLE 20 Asia Pacific Hybrid Market by Country, 2022 - 2028, USD Thousands
TABLE 21 Asia Pacific Motorized Prosthesis Market by Country, 2018 - 2021, USD Thousands
TABLE 22 Asia Pacific Motorized Prosthesis Market by Country, 2022 - 2028, USD Thousands
TABLE 23 China Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 24 China Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 25 China Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 26 China Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 27 China Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 28 China Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 29 Japan Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 30 Japan Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 31 Japan Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 32 Japan Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 33 Japan Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 34 Japan Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 35 India Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 36 India Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 37 India Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 38 India Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 39 India Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 40 India Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 41 Australia Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 42 Australia Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 43 Australia Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 44 Australia Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 45 Australia Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 46 Australia Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 47 South Korea Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 48 South Korea Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 49 South Korea Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 50 South Korea Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 51 South Korea Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 52 South Korea Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 53 Singapore Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 54 Singapore Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 55 Singapore Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 56 Singapore Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 57 Singapore Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 58 Singapore Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 59 Rest of Asia Pacific Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 60 Rest of Asia Pacific Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 61 Rest of Asia Pacific Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 62 Rest of Asia Pacific Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 63 Rest of Asia Pacific Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 64 Rest of Asia Pacific Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 65 Key Information – Integrum AB
TABLE 66 Key Information – Hanger, Inc.
TABLE 67 Key Information –Ossur Hf.
TABLE 68 Key Information – Ottobock SE & Co. KGaA
TABLE 69 Key Information – Advanced Arm Dynamics, Inc.
TABLE 70 Key Information – Bionic Prosthetics & Orthotics Group LLC
TABLE 71 Key Information – SensArs Neuroprosthetics Sàrl
TABLE 72 Key Information – Dr. Fritz Faulhaber GmbH & Co. KG
List of Figures
FIG 1 Methodology for the research
FIG 2 Recent strategies and developments: Integrum AB