The global Prosthetic Arm Market report contains overall the details analysis based on few parameters like drivers, restraints, competitive analysis, latest trends and opportunities, geographical outlook, and competitive panel for the forecast timespan of 2020 to 2026. Therefore, these written statements reflect the overall market conditions and various other factors that are associated with the market that will definitely guide concerned parties in making a strategic decision.
The report also covers detailed competitive
landscape including company profiles of key players operating in the global
market. The key players in the prosthetic arm market include Mobius Bionics,
Össur and Touch Bionics Inc. among others. An in-depth view of the competitive
outlook includes future capacities, key mergers & acquisitions, financial
overview, partnerships, collaborations, new product launches, new product
developments and other developments with information in terms of H.Q.
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Market
Dynamics
The rising cases with trauma injury, sports
injury and birth defects leading to hand loss is the key driver promoting
adoption of prosthetic arm. The increase in joint related disease and the
rising elderly population is fueling the market growth. The rising awareness
regarding the product, with ongoing R&D for the development of advanced
prosthetics, is again propelling the growth of this market. However, the high
cost of the prosthetics arm is likely to hinder the market growth. Whereas,
government initiatives to provide the prosthetics arm/limb at a relatively low
price is projected to spur the market growth in the forecast period.
This detailed market study is centered on
the data obtained from multiple sources and is analyzed using numerous tools
including porter’s five forces analysis, market attractiveness analysis and
value chain analysis. These tools are employed to gain insights of the
potential value of the market facilitating the business strategists with the
latest growth opportunities. Additionally, these tools also provide a detailed
analysis of each application/product segment in the global market of prosthetic
arm.
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Market
Segmentation
The broad prosthetic arm market has been
sub-grouped into type and product. The report studies these subsets with
respect to the geographical segmentation. The strategists can gain a detailed
insight and devise appropriate strategies to target specific market. This
detail will lead to a focused approach leading to identification of better
opportunities.
By
Type
·
Passive Prosthesis
·
Body-Powered Prosthesis
·
Electrically-Powered Prosthesis
·
Hybrid Prosthesis
·
Activity-Specific Prosthesis
By
Product
·
Transradial Prosthetic
·
Transhumeral Prosthetic
Regional
Analysis
Furthermore, the report comprises of the
geographical segmentation, which mainly focuses on current and forecast demand
for prosthetic arm in North America, Europe, Asia Pacific, Latin America, and
Middle East & Africa. The report further focuses on demand for individual
application segments in all the regions.
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