Physical disability can be seriously traumatic for a human being. Irrespective of the cause of the disability, it has a severe psychological effect on people's minds. For a long, there have been attempts to recreate the lost limbs or legs. There are two types of passive prosthetics - static and adjustable. In recent years, adjustable passive prosthetics have gained massive popularity among people due to its superior adjustment abilities. Several recognized organizations such as the International Committee of the Red Cross are actively participating in the production of such passive prosthetics. They are also spreading awareness about the benefits of using these passive prosthetics in developing countries such as Nepal, India, China, and New Zealand, among others.
MARKET DYNAMICS
The absence of body parts/organs due to genetic or physical damage influenced social as well as the psychological state of human life, and increasing awareness about the consumption of nutrition rich food, drive the demand for passive prosthetic devices particularly in cosmetics around the world. Additionally, increasing applications in the medical and biomedical industries, and growing geriatric population will boost the market growth to significant extent over the forecast period. However, advancement of the active prosthetic devices with several degrees of freedom and advances in robotic technologies may restraint the growth of the market in the forecasted period.
MARKET SCOPE
The "Global Passive Prosthetics Market Analysis to 2028" is a specialized and in-depth study with a special focus on the global market trend analysis. The report aims to provide an overview of passive prosthetics market with detailed market segmentation by product type, price range, end-users and geography. The global passive prosthetics market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading passive prosthetics market players and offers key trends and opportunities in the market.
MARKET SEGMENTATION
The global passive prosthetics market is segmented on the product type, price range, and end-users. Based on product type, the global passive prosthetics market is segmented prosthetic foot, prosthetic knee, prosthetic legs, prosthetic hand, passive prosthetic arm, and others. Based on price range, the global passive prosthetics market is segmented into high, and low cost. Based on end user, the global passive prosthetics market is segmented into hospitals, prosthetic clinics, trauma centers, ambulatory surgical centers, rehabilitation centers, and others.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global passive prosthetics market based on various segments. It also provides market size and forecast estimates from year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The passive prosthetics market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting passive prosthetics market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the Passive prosthetics market in these regions.
MARKET PLAYERS
The reports cover key developments in the passive prosthetics market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from passive prosthetics market are anticipated to lucrative growth opportunities in the future with the rising demand for passive prosthetics market in the global market. Below mentioned is the list of few companies engaged in the passive prosthetics market.
The report also includes the profiles of key passive prosthetics market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
- COAPT LLC
- Steeper Inc.
- Otto Bock Holding GmbH & Co. KG
- Össur
- College Park Industries
- Fillauer LLC
- CPO Services
- Endolite India
- WillowWood Global LLC
- TRS
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