The North America Motorized Prosthesis Market would witness market growth of 10.0% CAGR during the forecast period (2022-2028).
A system of wires or attachments in a body-powered prosthesis controls the limb. The prosthetic arm is ultimately operated and maintained by the end-user using other body parts, including elbows, chest, and shoulders. The electrical impulses from the muscles caused this to occur. Moreover, such messages are converted into motions.
Body-powered arm prosthesis are superior gadgets that operate smoothly in more demanding situations and are perfect for doing specific jobs, which is another reason for pushing the sales of motorized prosthesis. Although a professional option, motorized prosthesis are a practical choice since they are often less expensive than myoelectric alternatives. The need for motorized prosthesis systems is increased as a result.
With a motorized prosthesis, the amputee has access to external power. As a result, both functionality and speed are improved. Many active knee joints, ankle joints, and systems that combine the ankle and knee have been created by businesses during the last several years. The motorized prosthesis is an important piece of equipment that may aid the user's active hand and regain the capacity to pick up and grip items. Amputees may benefit physically, socially, and personally from motorized prosthetics.
In Canada, there were 1,745 motor vehicle deaths in 2020, which is a 1% decrease from 1,762 in 2019. In 2019, there were 8,917 significant injuries, a reduction of 5.8% from 2018 (9,463); however, the figure is still significant. In addition, many individuals suffer from persistent impairments as a result of the increased number of injuries sustained in traffic accidents, which increases the need for prosthetic arms, legs, and other body parts. These reasons are expected to cause the motorized prosthesis market to expand throughout the projected period.
The US market dominated the North America Motorized Prosthesis Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $28,056.1 Thousands by 2028. The Canada market is poised to grow a CAGR of 12.5% during (2022 - 2028). Additionally, The Mexico market would witness a CAGR of 11.6% 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 U.S., Mexico, Canada, and Rest of North America.
Free Valuable Insights: The Global Motorized Prosthesis Market is Predict to reach $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
- US
- Canada
- Mexico
- Rest of North America
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 North America Motorized Prosthesis Market, by End User
1.4.2 North America Motorized Prosthesis Market, by Type
1.4.3 North America 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. North America Motorized Prosthesis Market by End User
3.1 North America Hospitals Market by Country
3.2 North America Prosthetic Clinics Market by Country
3.3 North America Rehabilitation Centers Market by Country
3.4 North America Others Market by Country
Chapter 4. North America Motorized Prosthesis Market by Type
4.1 North America Passive Market by Country
4.2 North America Active Market by Country
4.3 North America Hybrid Market by Country
Chapter 5. North America Motorized Prosthesis Market by Country
5.1 US Motorized Prosthesis Market
5.1.1 US Motorized Prosthesis Market by End User
5.1.2 US Motorized Prosthesis Market by Type
5.2 Canada Motorized Prosthesis Market
5.2.1 Canada Motorized Prosthesis Market by End User
5.2.2 Canada Motorized Prosthesis Market by Type
5.3 Mexico Motorized Prosthesis Market
5.3.1 Mexico Motorized Prosthesis Market by End User
5.3.2 Mexico Motorized Prosthesis Market by Type
5.4 Rest of North America Motorized Prosthesis Market
5.4.1 Rest of North America Motorized Prosthesis Market by End User
5.4.2 Rest of North America 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 North America Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 2 North America Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 3 North America Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 4 North America Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 5 North America Hospitals Market by Country, 2018 - 2021, USD Thousands
TABLE 6 North America Hospitals Market by Country, 2022 - 2028, USD Thousands
TABLE 7 North America Prosthetic Clinics Market by Country, 2018 - 2021, USD Thousands
TABLE 8 North America Prosthetic Clinics Market by Country, 2022 - 2028, USD Thousands
TABLE 9 North America Rehabilitation Centers Market by Country, 2018 - 2021, USD Thousands
TABLE 10 North America Rehabilitation Centers Market by Country, 2022 - 2028, USD Thousands
TABLE 11 North America Others Market by Country, 2018 - 2021, USD Thousands
TABLE 12 North America Others Market by Country, 2022 - 2028, USD Thousands
TABLE 13 North America Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 14 North America Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 15 North America Passive Market by Country, 2018 - 2021, USD Thousands
TABLE 16 North America Passive Market by Country, 2022 - 2028, USD Thousands
TABLE 17 North America Active Market by Country, 2018 - 2021, USD Thousands
TABLE 18 North America Active Market by Country, 2022 - 2028, USD Thousands
TABLE 19 North America Hybrid Market by Country, 2018 - 2021, USD Thousands
TABLE 20 North America Hybrid Market by Country, 2022 - 2028, USD Thousands
TABLE 21 North America Motorized Prosthesis Market by Country, 2018 - 2021, USD Thousands
TABLE 22 North America Motorized Prosthesis Market by Country, 2022 - 2028, USD Thousands
TABLE 23 US Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 24 US Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 25 US Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 26 US Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 27 US Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 28 US Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 29 Canada Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 30 Canada Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 31 Canada Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 32 Canada Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 33 Canada Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 34 Canada Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 35 Mexico Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 36 Mexico Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 37 Mexico Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 38 Mexico Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 39 Mexico Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 40 Mexico Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 41 Rest of North America Motorized Prosthesis Market, 2018 - 2021, USD Thousands
TABLE 42 Rest of North America Motorized Prosthesis Market, 2022 - 2028, USD Thousands
TABLE 43 Rest of North America Motorized Prosthesis Market by End User, 2018 - 2021, USD Thousands
TABLE 44 Rest of North America Motorized Prosthesis Market by End User, 2022 - 2028, USD Thousands
TABLE 45 Rest of North America Motorized Prosthesis Market by Type, 2018 - 2021, USD Thousands
TABLE 46 Rest of North America Motorized Prosthesis Market by Type, 2022 - 2028, USD Thousands
TABLE 47 Key Information – Integrum AB
TABLE 48 Key Information – Hanger, Inc.
TABLE 49 Key Information –Ossur Hf.
TABLE 50 Key Information – Ottobock SE & Co. KGaA
TABLE 51 Key Information – Advanced Arm Dynamics, Inc.
TABLE 52 Key Information – Bionic Prosthetics & Orthotics Group LLC
TABLE 53 Key Information – SensArs Neuroprosthetics Sàrl
TABLE 54 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