Prosthetic Foot Market By Product Type And End User- Global Industry Analysis And Forecast To 2023.
The Prosthetic Foot Market was worth USD 1.53 billion in 2014 and is expected to reach approximately USD 2.41 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.17% during the forecast period.
Competitive Insights:
The leading players in the market are Otto Bock HealthCare GmbH, Blatchford Ltd., Ossur, Touch Bionics Inc., Hanger Inc., The Ohio Willow Wood Co and others. The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and share of the overall industry.
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Industry Outlook and Trend Analysis:
The Prosthetic Foot Market was worth USD 1.53 billion in 2014 and is expected to reach approximately USD 2.41 billion by 2023, while registering itself at a compound annual growth rate (CAGR) of 5.17% during the forecast period. The key components driving this market are worldwide increment in the quantity of removal cases, innovative progressions, and activities taken by government associations, for example, Centres for Disease Control and charitable associations like Amputee Coalition, to encourage subsidizing and purchases of prosthetic gadgets. Besides, the U.S. government is likewise putting resources into innovatively progressed prosthetic appendages for warriors and veterans, which is additionally foreseen to drive this market over the figure time frame.
The Prosthetic Foot Market is segmented as follows-
Prosthetic Foot Market, By Product Type:
Upper Limb Prosthetic
Lower Limb Prosthetic
Liners
Sockets
Modular Components
Prosthetic Foot Market, By End User:
Hospitals
Prosthetic Clinics
Rehabilitation Centres
Other End Users
Drivers & Restrains Outlook and Trend Analysis:
Worldwide increase in number of removal cases inferable from different hazard factors, for example, mischances, serious wounds and destructive tumours in the bone or muscles of appendages, appendage disease, and frostbite, will led to the growth of the market over the forecast period. Some different causes, for example, corpulence, diabetes, vascular malady, stroke, and joint pain likewise add to the expanding number of removal cases. As per the assessments distributed by the Amputee Coalition, around 185,000 removals are performed in the U.S every year. These assessments speak to a surge popular for these gadgets, which are relied upon to positively affect the market.
Prosthetic Foot Market, By Region:
North America - U.S, Canada, Mexico
Europe - Germany, France, UK, Italy, Spain, Rest of Europe
Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific
Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others
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Regional Outlook and Trend Analysis:
North American region ruled the global prosthetic foot market over the forecast period. Expanding healthcare expenditure, developing appropriation of mechanically propelled items, surging amputee populace, and ideal government activities with respect to automated innovation are a portion of the key drivers in charge of the biggest income share held by North America.
Prosthetic Foot Market, ToC:
- Introduction
- Executive Summary
- Market Overview
- Market Analysis by Regions
- Prosthetic Foot Market , By Product Type
- Prosthetic Foot Market , By End User
- Prosthetic Foot Market , By Region
- Company Profiles
- Global Prosthetic Foot Market Competition, by Manufacturer
10.Prosthetic Foot Market Forecast (2018-2023)
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global Prosthetic Foot market based on product and application. It also provides market size and forecast till 2023 for overall Prosthetic Foot market with respect to five major regions, namely; North America, Europe, Asia-Pacific, Rest of the World, which is later sub-segmented by respective countries and segments. The report evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend and provides exhaustive PEST analysis for regions.
Also, key Prosthetic Foot market players influencing the market are profiled in the study along with their SWOT analysis and market strategies. The report also focuses on leading industry players with information such as company profiles, products and services offered.
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Reason to Buy -
Highlights key business priorities in order to assist companies to realign their business strategies.
The key findings and recommendations highlight crucial progressive industry trends in the Prosthetic Foot market, thereby allowing players to develop effective long term strategies.
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets.
Scrutinize in-depth global market trends and outlook coupled with the factors driving the market, as well as those hindering it.
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to products, segmentation and industry verticals.
TO BE CONTINUED…
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