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The U.S. limb prosthetics market size was worth USD 738.5 million in 2022 and is projected to grow at a CAGR of 5.8% during the forecast period.
The number of amputations in the U.S. is growing due to multiple reasons, such as blood-related diseases, diabetes, infections, cancers, excessive tissue damage, and accidents. For instance, as per an Amputee Coalition article, approximately 185,000 amputations occur in the U.S. annually. Also, growth in the adoption of limb prosthetics is driven by rising awareness and increased support for reimbursement policies.
Similarly, various key players are introducing cutting-edge technologies and products to fulfill the growing demand for prosthetics among the U.S. population. The COVID-19 pandemic negatively impacted the market due to a decrease in the number of patient visits to healthcare facilities, leading to reduced usage of these devices. Also, major companies, such as Hanger Inc. and Össur experienced a decline in their revenue during the COVID-19 pandemic. However, the U.S. limb prosthetics market is expected to grow significantly during the forecast period of 2023-2030.
Focus on Introduction of Innovative Products
Over the past few years, one of the most critical trends witnessed in the limb prosthetics industry has been an increased focus on developing myoelectric prostheses and mind-controlled prosthetics. These products can offer much better performance compared to conventional or body-powered prostheses.
Several companies and institutions are focusing on developing myoelectric and mind-controlled prostheses, which are durable, high-capacity, and cost-effective. The rising trend of advanced prosthetic care will contribute to the U.S. limb prosthetics market growth.
Robust Focus on Clinical Studies to Prove Efficacy of Limb Prosthetics Will Fuel Market Growth
A growing focus on clinical studies evaluating prostheses' efficacy in several chronic foot ailments is expected to support the market’s expansion. Hence, an increasing number of clinical trials suggest a positive growth trajectory for the U.S. limb prosthetics market in the future.
Additionally, some collaborative studies have been performed to evaluate the efficacy and comfort of these limb prosthetic devices. Such studies help improve a patient’s quality of life, thus promoting product adoption among patients. Such substantial focus on clinical studies, coupled with the rising adoption of limb prosthetics, will contribute to the market’s growth during the forecast period of 2023-2030.
Certain Side Effects of Limb Prosthesis to Limit Product Adoption
Despite the increased need for prosthetic devices, several limitations of these devices are projected to hamper the market growth in the coming years. The harmful effects caused by using prosthetic devices are a significant factor in declining the market's growth. The possible adverse effects include intact limb pain, back pain, fatigue, irritation, skin issues, and socket issues or discomfort.
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According to an article published by Healthline in 2022, generally, upper limb amputations are less common than lower limb amputations in the U.S. The upper limb and lower limb amputations stand at 35% and 65%, respectively. Similarly, more than 507 people lose a limb each day in the U.S.
Based on type, the market is segmented into upper limb prosthetics and lower limb prosthetics.
The lower limb prosthetics segment held a larger market share in 2022. The significant growth of the segment is mainly due to the high volume of lower limb amputations and advanced product launches in this segment. Furthermore, a surge in the prevalence of diabetes and orthopedic diseases in the country is expected to propel the segment’s growth.
Based on technology, the market is segmented into conventional prosthetic devices, electric prosthetic devices, and hybrid prosthetic devices.
The electric prosthetic devices segment accounted for the largest U.S. limb prosthetics market share in 2022. The growth of this segment is attributed to the rising number of amputations due to various medical conditions and accidents. Additionally, the high adoption rate of these devices and significant product launches by key players are poised to boost the sales of electric prosthetic devices.
Based on component, the market is segmented into socket, appendage, joint, connecting module, and others.
The socket segment held a major market share in 2022 due to the increasing number of research initiatives to enhance the efficacy of sockets. Also, the segment’s dominance is attributed to the fact that the sockets are typically replaced every two to four years. Thus, this creates a continuous demand for sockets in the market.
Based on end-user, the market is segmented into orthotist & prosthetist (O&P) clinics, orthopedic clinics, and others.
The orthotist & prosthetist (O&P) clinics segment held a dominant market share in 2022. The growth of this segment is attributed to the availability of advanced products and the presence of specialized prosthetic-related care in these clinics. Additionally, these hospitals and prosthetic clinics provide customized prosthetics and reimbursement facilities. These factors are expected to drive the segment’s growth in the future.
The competitive landscape of the market depicts a fragmented nature. The market has the presence of various established and emerging players. Among the established players, Ottobock and Össur hold a dominant position in the U.S. limb prosthetics market. This is due to the company’s strong presence in the U.S. market and diversified and advanced product portfolio. They also have a strong customer base and are focusing on taking strategic initiatives in the market.
Some other key players include Blatchford Limited, Uniprox (Bauerfeind), Steeper Inc., Ortho Europe Fillauer LLC (Fillauer Companies, Inc.), Hanger, Inc., WillowWood Global LLC., and many others. These companies are gradually strengthening their market presence and expanding their product portfolio.
An Infographic Representation of U.S. Limb Prosthetics Market To get information on various segments, share your queries with us
The report provides a complete market analysis. It describes key aspects, such as key industry developments, new product launches, reimbursement scenarios, technological advancements, and limb loss and amputation statistics. Furthermore, it includes the market dynamics and the impact of COVID-19 on the market. The report also encompasses various factors contributing to the market’s advancement.
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ATTRIBUTE |
DETAILS |
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Study Period |
2019-2030 |
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Base Year |
2022 |
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Estimated Year |
2023 |
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Forecast Period |
2023-2030 |
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Historical Period |
2019-2021 |
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Growth Rate |
CAGR of 5.8% from 2023 to 2030 |
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Unit |
Value (USD Million) |
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Segmentation |
By Type
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By Technology
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By Component
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By End-user
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Fortune Business Insights says the U.S. market was worth USD 738.5 million in 2022.
The market is anticipated to record a CAGR of 5.8% during the forecast period.
By type, the lower amputation segment is the major segment in the market.
Össur and Ottobock are the major players in the market.
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