Asia Pacific Upper Limb Prosthetics Market Size & Outlook
Asia Pacific upper limb prosthetics market, 2018-2030 (US$M)
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Asia Pacific upper limb prosthetics market highlights
- The Asia Pacific upper limb prosthetics market generated a revenue of USD 35.2 million in 2023.
- The market is expected to grow at a CAGR of 7.3% from 2024 to 2030.
- In terms of segment, prosthetic arm was the largest revenue generating component in 2023.
- Prosthetic Arm is the most lucrative component segment registering the fastest growth during the forecast period.
- Country-wise, South Korea is expected to register the highest CAGR from 2024 to 2030.
Asia Pacific data book summary
| Market revenue in 2023 | USD 35.2 million |
| Market revenue in 2030 | USD 57.7 million |
| Growth rate | 7.3% (CAGR from 2023 to 2030) |
| Largest segment | Prosthetic arm |
| Fastest growing segment | Prosthetic Arm |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Prosthetic Wrist, Prosthetic Arm, Prosthetic Elbow, Prosthetic Shoulder, Other Components |
| Key market players worldwide | Embla Medical hf, Ottobock, Open Bionics, Steeper Group, Fillauer, Comprehensive Prosthetics & Orthotics, Motorica, Coapt |
Other key industry trends
- In terms of revenue, Asia Pacific region accounted for 10.6% of the global upper limb prosthetics market in 2023.
- Globally, North America is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 57.7 million by 2030.
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Upper Limb Prosthetics Market Scope
Upper Limb Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Asia Pacific upper limb prosthetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to upper limb prosthetics market will help companies and investors design strategic landscapes.
Prosthetic arm was the largest segment with a revenue share of 30.68% in 2023. Horizon Databook has segmented the Asia Pacific upper limb prosthetics market based on prosthetic wrist, prosthetic arm, prosthetic elbow, prosthetic shoulder, other components covering the revenue growth of each sub-segment from 2018 to 2030.
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Target buyers of Asia Pacific upper limb prosthetics market databook
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Our clientele includes a mix of upper limb prosthetics market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Asia Pacific upper limb prosthetics market, including forecasts for subscribers. This continent databook contains high-level insights into Asia Pacific upper limb prosthetics market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Asia Pacific upper limb prosthetics market report size, by country, 2018-2030 (US$M)
Asia Pacific Upper Limb Prosthetics Market Share, 2023 & 2030 (US$M)
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