The global carbon fiber composite for prosthetic market size is anticipated to expand at a robust CAGR during the forecast period, 2021-2028. The growth of the market is attributed to rising awareness among people coupled with rising purchasing power.
Several people suffer from foot or limb issues owing to vascular infections or some mishaps. This encourages people to integrate prosthetic products in their body. Rising geriatric population present huge scope for carbon fiber composites for prosthetics makers.
Different types of implants are accessible to patients based on their individual performance requirements. The prosthetic legs are specially designed to fit the client's body This includes specially designed prosthetics for athletic and recreational sports. The developing inclination for carbon fiber-based prosthetic legs attachments are soaring with time. The major reason for amputations are illnesses identified with aging, for instance, peripheral vascular sickness, diabetes related gangrene, and osteoarthritis can lead to improper functioning of body part.
Market Trends, Drivers, Restraints, and Opportunities
- Less muscle strength is required for the working of an electronic prosthesis than traditional prosthesis. Thus, such factors are expected to spur the market growth.
- Lack of awareness among the consumers regarding the various application of prosthetics can hinder the market growth during the forecast period.
- The COVID-19 outbreak negatively hampered the growth of the market. However, declining number of cases is expected to stimulate the market growth.
- Increasing number of accidents is anticipated to propel the global carbon fiber composites for prosthetics market
Scope of Carbon Fibre Composites for Prosthetic Market Report
The report on the global carbon fiber composites for prosthetic market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.
Carbon Fiber Composites for Prosthetic Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
Types (Conventional, Electric Powered, Hybrid Orthopaedic Prosthetics), Applications (Upper Extremity Prosthetics, Lower Extremity Prosthetics, Sockets, and Modular Components
Asia Pacific, North America, Latin America, Europe, and Middle East & Africa
Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast
Key Players Covered in the Report
Hanger, Freedom Innovations, Blatchford, The Ohio Willow Wood, Ossur, Otto Bock HealthCare, Touch Bionics, Fillauer, Alchemy Composites, Trulife, and Kinetic Research.
Carbon Fiber Composite for Prosthetic Market Insights
Electric powered segment to account a large market share
Based on types, the market is segmented into conventional, electric powered, and hybrid orthopedic prosthetics. The electric powered segment is anticipated to account for a large market share during the forecast period. This type of prosthetic reduces harness access and provides multiple grip patterns. With the help of TMR surgery, electric powered prosthetics confer intuitive control.
Upper extremity prosthetic segment to account a significant market share
In terms of applications, the market is divided into upper extremity prosthetics, lower extremity prosthetics, sockets, and modular components. The upper extremity prosthetic segment is anticipated to hold a large market share during the forecast period. A prosthetic device or prosthesis can play an important role in rehabilitation. An artificial limb improves mobility and the ability to manage daily activities, as well as it provides the means to stay independent.
North America to account a considerable market share
On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Middle East & Africa, and Latin America. North America is expected to account for a significant market share in the projected timeline. Most of the amputations happen due to minimal extremity prosthetics, which is bringing about an expansion in the utilization of carbon fiber composites for lower limit prosthetics. Rising purchasing power and increasing investment in the healthcare expenditure are anticipated to proliferate the growth of the market.
The global carbon fiber composites for prosthetic market has been segmented on the basis of
- Electric Powered
- Hybrid Orthopedic Prosthetics
- Telecom Services
- Transportation & Logistics
- Asia Pacific
- North America
- Latin America
- Middle East & Africa
- Freedom Innovations
- The Ohio Willow Wood
- Otto Bock HealthCare
- Touch Bionics
- Alchemy Composites
- Kinetic Research
Some of the leading players operating in the global carbon fire composites for prosthetics market are Hanger, Freedom Innovations, Blatchford, The Ohio Willow Wood, Ossur, Otto Bock HealthCare, Touch Bionics, Fillauer, Alchemy Composites, Trulife, and Kinetic Research.
Companies are consistently investing in the R&D activities and engaging in collaborations to expand their market share.