Above Knee Prosthetics Market
Above Knee Prosthetics Market Overview
The report is titled as ‘Above Knee Prosthetics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the above knee prosthetics market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The above knee prosthetics market is expected to grow at a significant rate in the near future.
The global above knee prosthetics market in 2020 is estimated for more than US$ 537.3 Mn and expected to reach a value of US$ 848.3 Mn by 2028 with a significant CAGR of 5.9%.
Above Knee Prosthetics Introduction
It is quite challenging for those with amputated limbs to stay the course of normal life. More or less, the impaired competence to pull off various day-to-day chores can be constrained.
For over numerous years, prostheses have done a great service by means of assisting thousands of people to get hold of excellent quality prostheses by the use of advanced technology.
The advanced medical technology of prostheses comprises artificial limbs, which are basically replaced with the injured or impaired limbs such as arms or legs. The prosthetic implants can also be differentiated into four types: transtibial, transradial, transhumeral, and transfemoral prosthesis.
The transfemoral prosthesis, more commonly known as the above-knee prosthetics, can be understood as an artificial limb that takes the place of the amputated leg above the knee. The above-knee prosthesis or transfemoral prosthesis consists of a socket that can be affixed with the residual limb, shank, prosthetic knee, and foot-ankle aggregation.
In fact, patients with the above-knee prosthesis are required to apply over 80% more strength to walk in comparison to a normal person. The prostheses restore the impaired function of the body, thereby restores the physical and emotional strength of the patients across the world. Owing to which, the global above knee prosthetics market is projected to accelerate rapidly in the forthcoming years.
Above Knee Prosthetics Market Dynamics
Losing a limb can be legitimately traumatizing for the patients. The above knee amputations may happen for a range of reasons such as trauma, tumor, disease, infection, or unsuccessful knee replacements.
Apart from the physical and emotional consequences of limb amputation on the patient, the direct expenses of the lower limb amputation can be very heavy depending on the degree. More notably, the above-knee or transfemoral amputation is considered one of the most dreadful medical treatments a patient can receive. The patients with transfemoral amputations not only be deprived of physical function and emotional stability after amputation but also have altered knee kinematics during the swing phase of the prosthetic limb, which further induces unusual pelvic movements in the frontal plane even with the most modern and advanced microprocessor outfitted prosthetic knees available in the global market in the present-day world today.
Although, the numerous significant technological advances in the overall healthcare industry as well as in the development of transfemoral prosthesis with more new and advanced material are one of the major factors that is swiftly accelerating the demand for above-knee prosthetics in the health management sector. Attributable to which, the global above knee prosthetics market is projected to lift up substantially in the forthcoming future.
In addition to that, the above-knee prostheses are developed with lighter and stronger material, in the modern-day world, such as carbon fiber, silicon, or PVC, therefore cutting off the additional energy required to operate the limb, and hence gaining patient’s compliance across the world.
Owing to which, the global above knee prosthetics market is expected to witness various growth opportunities in the given timeframe.
Along with that, the growing number of geriatric population and associated prevalence of chronic diseases such as diabetes and vascular ailments among them, which are further elevating the count of amputations, thereby contributing to the stimulating demand of transfemoral or above knee prosthetics in the healthcare sector.
Hence, the global above knee prosthetics market is estimated to observe positive growth in the coming years. However, the low disposable income as well as the huge cost of prostheses, specifically in few developing regions, may hold back the growth of the global above knee prosthetics market to the boundaries over the forecast period.
Above Knee Prosthetics Market Segmentation
The global above knee prosthetics market is, at first, segmented on the basis of product type into Knee, Leg, Foot, and Others. On the basis of patient type, the market is bifurcated into Adult and Pediatric. Furthermore, the global above knee prosthetics market is divided on the basis of end-users into Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, and Others. Lastly, the market is bifurcated on the basis of region into North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe.
Above Knee Prosthetics Market Key Players
The key participating players of the global above knee prosthetics market are Össur hf, Ottobock SE & Co. KGaA, Dycor Technologies, Inc., PROTEOR Group, Blatchford Group, Fillauer LLC, Trulife, WillowWood Global LLC, Streifeneder ortho. production GmbH, Roadrunnerfoot Engineering SRL, Steeper, Inc., among others.
Reports and Insights Overview on Above Knee Prosthetics Market Report
The non-identical approach of Reports and Insights stands with conceptual methods backed up with the data analysis. The novel market understanding approach makes up the standard of the assessment results that give better opportunity for the customers to put their effort.
A research report on the Above Knee Prosthetics market by Reports and Insights is an in-depth and extensive study of the market based on the necessary data crunching and statistical analysis. It provides a brief view of the dynamics flowing through the market, which includes the factors that supports market and the factors that are acting as impedance for the growth of the market.
Furthermore, the report includes the various trends and opportunities in the respective market in different regions for a better understanding of readers that helps to analyze the potential of the market.
Factors that are benchmarked while estimating the market
Various factors that are benchmarked while estimating the market growth includes (but not restricted to):
New product designs and launches
Current product compliance
Reimbursement
Concerns for use of Above Knee Prosthetics
Advantages of Above Knee Prosthetics
Actions taken by the manufacturer and respective regulatory authorities also impact the market growth of the segment. These factors are understood at regional level and in major countries globally for providing regional insights of the product segment in the report. This helps our clients to take informed decision.
A mix of top-down and bottom-up approach is followed to arrive and validate our market value estimations. For a product segment like wherein one/two manufacturer(s) dominates the market, it’s products sales, previous growth rates and market expansion plans are considered to generate market share in the global market.
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1. Global Above Knee Prosthetics Market Report Overview
1.1. Introduction
1.2. Report Description
1.3. Methodology
2. Global Above Knee Prosthetics Market Overview
2.1. Introduction
2.1.1. Introduction
2.1.2. Market Taxonomy
2.2. Executive Summary
2.3. Global Above Knee Prosthetics Market Snapshot
2.4. Global Above Knee Prosthetics Market Size and Forecast, 2020–2028
2.4.1. Introduction
2.4.2. Market Value Forecast and Annual Growth Rate (AGR) Comparison (2020–2028)
2.5. Global Above Knee Prosthetics Market Dynamics
2.5.1. Drivers
2.5.2. Restraints
2.5.3. Opportunity
2.5.4. Trends
2.6. Key Regulations
2.7. Porter’s Five Forces Model
3. Global Above Knee Prosthetics Market, By Product Type
3.1. Introduction
3.1.1. Annual Growth Rate Comparison, By Product Type
3.1.2. BPS Analysis, By Product Type
3.2. Market Revenue (US$Mn) Forecast, By Product Type
3.2.1. Knee
3.2.2. Leg
3.2.3. Foot
3.2.4. Others
3.3. Global Above Knee Prosthetics Market Attractiveness Index, By Product Type
4. Global Above Knee Prosthetics Market, By Patient Type
4.1. Introduction
4.1.1. Annual Growth Rate Comparison, By Patient Type
4.1.2. BPS Analysis, By Patient Type
4.2. Market Revenue (US$Mn) Forecast, By Patient Type
4.2.1. Adult
4.2.2. Paediatric
4.3. Global Above Knee Prosthetics Market Attractiveness Index, By Patient Type
5. Global Above Knee Prosthetics Market, By End-Users
5.1. Introduction
5.1.1. Annual Growth Rate Comparison, By End-Users
5.1.2. BPS Analysis, By End-Users
5.2. Market Revenue (US$Mn) Forecast, By End-Users
5.2.1. Hospitals
5.2.2. Ambulatory Surgical Centres
5.2.3. Orthopaedic Clinics
5.2.4. Others
5.3. Global Above Knee Prosthetics Market Attractiveness Index, By End-Users
6. Global Above Knee Prosthetics Market, By Region
6.1. Introduction
6.1.1. Annual Growth Rate Comparison, By Region
6.1.2. BPS Analysis, By Region
6.2. Market Revenue (US$Mn) Forecast, By Region
6.2.1. North America
6.2.2. Latin America
6.2.3. Europe
6.2.4. Asia Pacific
6.2.5. Middle East
6.2.6. Africa
6.3. Global Above Knee Prosthetics Market Attractiveness Index, By Region
7. North America Above Knee Prosthetics Market Analysis and Forecast, 2020–2028
7.1. Introduction
7.1.1. Annual Growth Rate Comparison, By Country
7.1.2. BPS Analysis, By Country
7.2. Market Revenue (US$Mn) Forecast, By Country
7.2.1. U.S. Above Knee Prosthetics Market
7.2.2. Canada Above Knee Prosthetics Market
7.3. North America Above Knee Prosthetics Market, By Product Type
7.3.1. Knee
7.3.2. Leg
7.3.3. Foot
7.3.4. Others
7.4. North America Above Knee Prosthetics Market, By Patient Type
7.4.1. Adult
7.4.2. Paediatric
7.5. North America Above Knee Prosthetics Market, By End-Users
7.5.1. Hospitals
7.5.2. Ambulatory Surgical Centres
7.5.3. Orthopaedic Clinics
7.5.4. Others
7.6. North America Above Knee Prosthetics Market Attractiveness Index
7.6.1. By Country
7.6.2. By Product Type
7.6.3. By Patient Type
7.6.4. By End-Users
8. Latin America Above Knee Prosthetics Market Analysis and Forecast, 2020–2028
8.1. Introduction
8.1.1. Annual Growth Rate Comparison, By Country
8.1.2. BPS Analysis, By Country
8.2. Market Revenue (US$Mn) Forecast, By Country
8.2.1. Brazil Above Knee Prosthetics Market
8.2.2. Mexico Above Knee Prosthetics Market
8.2.3. Argentina Above Knee Prosthetics Market
8.2.4. Rest of Latin America Above Knee Prosthetics Market
8.3. Latin America Above Knee Prosthetics Market, By Product Type
8.3.1. Knee
8.3.2. Leg
8.3.3. Foot
8.3.4. Others
8.4. Latin America Above Knee Prosthetics Market, By Patient Type
8.4.1. Adult
8.4.2. Paediatric
8.5. Latin America Above Knee Prosthetics Market, By End-Users
8.5.1. Hospitals
8.5.2. Ambulatory Surgical Centres
8.5.3. Orthopaedic Clinics
8.5.4. Others
8.6. Latin America Above Knee Prosthetics Market Attractiveness Index
8.6.1. By Country
8.6.2. By Product Type
8.6.3. By Patient Type
8.6.4. By End-Users
9. Europe Above Knee Prosthetics Market Analysis and Forecast, 2020–2028
9.1. Introduction
9.1.1. Annual Growth Rate Comparison, By Country
9.1.2. BPS Analysis, By Country
9.2. Market Revenue (US$Mn) Forecast, By Country
9.2.1. U.K. Above Knee Prosthetics Market
9.2.2. Germany Above Knee Prosthetics Market
9.2.3. Italy Above Knee Prosthetics Market
9.2.4. France Above Knee Prosthetics Market
9.2.5. Spain Above Knee Prosthetics Market
9.2.6. Russia Above Knee Prosthetics Market
9.2.7. Poland Above Knee Prosthetics Market
9.2.8. BENELUX Above Knee Prosthetics Market
9.2.9. NORDIC Above Knee Prosthetics Market
9.2.10. Rest of Europe Above Knee Prosthetics Market
9.3. Europe Above Knee Prosthetics Market, By Product Type
9.3.1. Knee
9.3.2. Leg
9.3.3. Foot
9.3.4. Others
9.4. Europe Above Knee Prosthetics Market, By Patient Type
9.4.1. Adult
9.4.2. Paediatric
9.5. Europe Above Knee Prosthetics Market, By End-Users
9.5.1. Hospitals
9.5.2. Ambulatory Surgical Centres
9.5.3. Orthopaedic Clinics
9.5.4. Others
9.6. Europe Above Knee Prosthetics Market Attractiveness Index
9.6.1. By Country
9.6.2. By Product Type
9.6.3. By Patient Type
9.6.4. By End-Users
10. Asia Pacific Above Knee Prosthetics Market Analysis and Forecast, 2020–2028
10.1. Introduction
10.1.1. Annual Growth Rate Comparison, By Country
10.1.2. BPS Analysis, By Country
10.2. Market Revenue (US$Mn) Forecast, By Country
10.2.1. China Above Knee Prosthetics Market
10.2.2. India Above Knee Prosthetics Market
10.2.3. Japan Above Knee Prosthetics Market
10.2.4. Australia And New Zealand Above Knee Prosthetics Market
10.2.5. South Korea Above Knee Prosthetics Market
10.2.6. ASEAN Above Knee Prosthetics Market
10.2.7. Rest of Asia Pacific Above Knee Prosthetics Market
10.3. Asia Pacific Above Knee Prosthetics Market, By Product Type
10.3.1. Knee
10.3.2. Leg
10.3.3. Foot
10.3.4. Others
10.4. Asia Pacific Above Knee Prosthetics Market, By Patient Type
10.4.1. Adult
10.4.2. Paediatric
10.5. Asia Pacific Above Knee Prosthetics Market, By End-Users
10.5.1. Hospitals
10.5.2. Ambulatory Surgical Centres
10.5.3. Orthopaedic Clinics
10.5.4. Others
10.6. Asia Pacific Above Knee Prosthetics Market Attractiveness Index
10.6.1. By Country
10.6.2. By Product Type
10.6.3. By Patient Type
10.6.4. By End-Users
11. Middle East Above Knee Prosthetics Market, By Region
11.1. Introduction
11.1.1. Annual Growth Rate Comparison, By Country
11.1.2. BPS Analysis, By Country
11.2. Market Revenue (US$Mn) Forecast, By Country
11.2.1. GCC Countries Above Knee Prosthetics Market
11.2.2. Israel Above Knee Prosthetics Market
11.2.3. Oman Above Knee Prosthetics Market
11.2.4. Rest of Middle East Above Knee Prosthetics Market
11.3. Middle East Above Knee Prosthetics Market, By Product Type
11.3.1. Knee
11.3.2. Leg
11.3.3. Foot
11.3.4. Others
11.4. Middle East Above Knee Prosthetics Market, By Patient Type
11.4.1. Adult
11.4.2. Paediatric
11.5. Middle East Above Knee Prosthetics Market, By End-Users
11.5.1. Hospitals
11.5.2. Ambulatory Surgical Centres
11.5.3. Orthopaedic Clinics
11.5.4. Others
11.6. Middle East Above Knee Prosthetics Market Attractiveness Index
11.6.1. By Country
11.6.2. By Product Type
11.6.3. By Patient Type
11.6.4. By End-Users
12. Africa Above Knee Prosthetics Market, By Region
12.1. Introduction
12.1.1. Annual Growth Rate Comparison, By Country
12.1.2. BPS Analysis, By Country
12.2. Market Revenue (US$Mn) Forecast, By Country
12.2.1. South Africa Above Knee Prosthetics Market
12.2.2. Egypt Above Knee Prosthetics Market
12.2.3. North Africa Above Knee Prosthetics Market
12.2.4. Rest of Africa Above Knee Prosthetics Market
12.3. Africa Above Knee Prosthetics Market, By Product Type
12.3.1. Knee
12.3.2. Leg
12.3.3. Foot
12.3.4. Others
12.4. Africa Above Knee Prosthetics Market, By Patient Type
12.4.1. Adult
12.4.2. Paediatric
12.5. Africa Above Knee Prosthetics Market, By End-Users
12.5.1. Hospitals
12.5.2. Ambulatory Surgical Centres
12.5.3. Orthopaedic Clinics
12.5.4. Others
12.6. Africa Above Knee Prosthetics Market Attractiveness Index
12.6.1. By Country
12.6.2. By Product Type
12.6.3. By Patient Type
12.6.4. By End-Users
13. Recommendation
13.1. Market Strategy
14. Competitive Landscape
14.1. Competition Dashboard
14.2. List and Company Overview of Global Key Players
14.3. Company Profiles
14.3.1. Össur hf
14.3.1.1. Company Overview
14.3.1.2. Financial Overview
14.3.1.3. Product Portfolio
14.3.1.4. Key Developments
14.3.1.5. Business Strategies
14.3.2. Ottobock SE & Co. KGaA
14.3.3. Dycor Technologies, Inc.
14.3.4. PROTEOR Group
14.3.5. Blatchford Group
14.3.6. Fillauer LLC
14.3.7. Trulife
14.3.8. WillowWood Global LLC
14.3.9. Streifeneder ortho.production GmbH
14.3.10. Roadrunnerfoot Engineering SRL
14.3.11. Steeper, Inc.
15. Acronyms
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Frequently Asked Questions
The global above knee prosthetics market in 2022 is estimated for more than US$ 537.3 Mn and expected to reach a value of US$ 848.3 Mn by 2030 with a significant CAGR of 5.9%.
The base year for the report is 2021 in above knee prosthetics market.
The global above knee prosthetics market is segmented on the basis of product type patient type, end-users, and region
The key participating players of the global above knee prosthetics market are Össur hf, Ottobock SE & Co. KGaA, Dycor Technologies, Inc., PROTEOR Group, Blatchford Group, Fillauer LLC, Trulife, WillowWood Global LLC, Streifeneder ortho. production GmbH, Roadrunnerfoot Engineering SRL, Steeper, Inc., among others.
