Us Above Knee Prosthetics Market Size By Applications, By Type, By End-User, By Deployment & By Technology 2032
Above Knee Prosthetics Market was valued at USD 3.1 Billion in 2022 and is projected to reach USD 5.7 Billion by 2030, growing at a CAGR of 8.3% from 2024 to 2030.
The U.S. above-knee prosthetics market is experiencing significant growth, driven by technological advancements and a rising number of amputations. In 2022, the U.S. limb prosthetics market was valued at approximately USD 738.5 million, with projections indicating a compound annual growth rate (CAGR) of 5.8% during the forecast period. This surge is largely attributed to the increasing prevalence of diabetes-related amputations and traumatic injuries.
Technological innovations have revolutionized above-knee prosthetics, enhancing mobility and quality of life for amputees. Advanced prosthetic limbs, such as the BiOM—a sophisticated robotic foot-and-ankle prosthesis—are now being developed to be controlled directly by the brain. These cutting-edge devices offer more natural and intuitive movement, significantly improving user experience.
Despite these advancements, challenges persist. High costs and limited insurance coverage often hinder access to state-of-the-art prosthetics. For instance, some insurers deem advanced prosthetic legs, which can cost around $50,000, as not medically necessary, even when prescribed by a physician. This financial barrier underscores the need for policy reforms to ensure broader accessibility for amputees.
Personal experiences within the amputee community highlight the disparities in prosthetic capabilities. Discussions reveal that below-knee amputees often find it easier to perform daily activities due to the retention of their knee joint, whereas above-knee amputees face more significant challenges. These narratives emphasize the importance of continued innovation and support to address the unique needs of above-knee amputees.
In summary, the U.S. above-knee prosthetics market is poised for growth, fueled by technological progress and an increasing demand for improved mobility solutions. However, addressing financial and accessibility challenges remains crucial to ensure that advancements benefit all individuals in need.
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Ottobock
Ossur
Fillauer
Proteor
Blatchford
WillowWood
College Park
Trulife
Streifeneder KG
Dycor Manufacturing
Inc
Roadrunnerfoot
Protunix
By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the Global Above Knee Prosthetics Market
Exoskeletal Prosthetics
Endoskeletal Prosthetics
Hybrid Prosthetics
Carbon Fiber
Aluminum
Plastic
Composite Materials
Knee Unit
Socket
Pylon
Foot Ankle System
Hospitals
Rehabilitation Centers
Home Care Settings
Microprocessor-Controlled Prosthetics
Mechanical Prosthetics
Smart Prosthetics
Global (United States, Global and Mexico)
Europe (Germany, UK, France, Italy, Russia, Turkey, etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia, etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)
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1. Introduction of the Global Above Knee Prosthetics Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Global Above Knee Prosthetics Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Global Above Knee Prosthetics Market, By Type
6. Global Above Knee Prosthetics Market, By Application
7. Global Above Knee Prosthetics Market, By Geography
Global
Europe
Asia Pacific
Rest of the World
8. Global Above Knee Prosthetics Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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