Myoelectric Prosthetics Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2031 - By Product, Technology, Grade, Application, End-user, Region: (North America, Europe, Asia Pacific, Latin America and Middle East and Africa)
The global myoelectric prosthetics market is poised for remarkable growth during forecast period. In 2024, the market generated revenue of US$ 165 million, and it is projected to surge to a valuation of US$ 250 million by the end of 2031.
Transradial Disarticulation to Drive Market
Fairfield Market Research has identified a noteworthy trend in the myoelectric prosthetics market related to the increasing significance of transradial disarticulation (below the elbow). It is estimated that this specific segment will achieve a substantial market value by 2031. In 2024, sales of myoelectric prosthetics made up a significant portion of the global robotics prosthetics market's total revenue share.
Driving Factors
The growth of the myoelectric prosthetics market is attributed to several key factors:
• Increasing Accidental Events & Injuries: A rise in accidents, particularly in regions such as Asia, has led to an increase in traumatic injuries like burns. This surge in traumatic injuries has created significant opportunities for myoelectric prosthetics providers to meet the growing demand for prosthetic solutions.
• Prevalence of Disorders: The market for myoelectric prosthetics is expanding due to various disorders, including peripheral artery disease, which necessitates amputation for preventive purposes.
• Rising Demand for High-Throughput Prosthetics: There has been a growing demand for advanced myoelectric prosthetics, such as upper extremity prosthetics, lower extremity prosthetics, liners, sockets, and modular components, over the past few decades.
• Demand from End Users: Hospitals, prosthetic clinics, and rehabilitation centers are increasingly seeking branded and patented myoelectric prosthetics to ensure safety and quality.
Potential Challenges
Despite its promising growth, the myoelectric prosthetics market faces challenges:
• Cost Constraints: The high cost of myoelectric prosthetics and a stringent regulatory environment could hinder market expansion. Reducing the cost of these products remains a challenge for manufacturers.
• Impact of COVID-19: The early stages of the COVID-19 pandemic led to the postponement of limb procedures, temporarily reducing the demand for prosthetics.
Country-wise Insights
• Booming U.S. Market: The U.S. myoelectric prosthetics market is experiencing significant growth attributed to a notable volume of accidental trauma within the country. In 2023, the U.S. dominated the North American myoelectric prosthetics market. The market is poised for further development due to the increase in accidental injuries and trauma cases, including sports injuries. The National Safety Council (NSC) reports a substantial number of exercise-related injuries, bicycle-related injuries, and sports-related injuries in the United States. As a result, there is an increased demand for myoelectric prosthetics in the U.S., contributing to the overall value of the myoelectric prosthetics market in the country.
• Lucrative German Market: In Germany, which held a significant share of the European myoelectric prosthetics market in 2024, the market is considered lucrative due to high patient compliance and the availability of skilled healthcare professionals. The country boasts a robust healthcare system, supported by qualified individuals working in the medical and nursing fields, as confirmed by the Federal Government of Germany. These factors are driving the growth of the myoelectric prosthetics market in Germany.
Competitive Landscape
Leading manufacturers in the myoelectric prosthetics market are focusing on developing technologically advanced products and expanding their global presence. They are also actively engaged in collaboration activities to enhance their product lines. The industry is witnessing an increase in corporate collaborations aimed at boosting market share.
Key Companies Profiled
• Virginia Prosthetics & Orthotics Inc.
• Endolite India
• Ottobock
• College Park Industries
• Leimkuehler, Inc.
• Touch Bionics Inc. (Össur hf)
• Fillauer LLC
• COAPT LLC
• Össur
• FAULHABER
Key Segments Covered in Myoelectric Prosthetics Industry Research
Myoelectric Prosthetics Market by Indication:
• Forequarter Amputation
• Shoulder Disarticulation
• Transhumeral Disarticulation (Above Elbow)
• Elbow Disarticulation
• Transradial Disarticulation (Below Elbow)
• Wrist Disarticulation
• Partial Hand
• Finger Amputation
Myoelectric Prosthetics Market by End User:
• Hospitals
• Prosthetic Clinics
• Ambulatory Surgical Centers
Myoelectric Prosthetics Market by Region:
• North America Myoelectric Prosthetics Market
• Latin America Myoelectric Prosthetics Market
• Europe Myoelectric Prosthetics Market
• South Asia Myoelectric Prosthetics Market
• East Asia Myoelectric Prosthetics Market
• Oceania Myoelectric Prosthetics Market
• The Middle East & Africa Myoelectric Prosthetics Market
Please note: The PDF e-mail from publisher version of this report is for a global site license. Delivery Timelines - 5 working days.
- 1. Executive Summary
- 1.1. Global Myoelectric Prosthetics Market Snapshot
- 1.2. Future Projections
- 1.3. Key Market Trends
- 1.4. Regional Snapshot, by Value, 2023
- 1.5. Analyst Recommendations
- 2. Market Overview
- 2.1. Market Definitions and Segmentations
- 2.2. Market Dynamics
- 2.2.1. Drivers
- 2.2.2. Restraints
- 2.2.3. Market Opportunities
- 2.3. Value Chain Analysis
- 2.4. Porter’s Five Forces Analysis
- 2.5. COVID-19 Impact Analysis
- 2.5.1. Supply
- 2.5.2. Demand
- 2.6. Impact of Ukraine-Russia Conflict
- 2.7. Economic Overview
- 2.7.1. World Economic Projections
- 2.8. PESTLE Analysis
- 3. Global Myoelectric Prosthetics Market Outlook, 2018 – 2031
- 3.1. Global Myoelectric Prosthetics Market Outlook, by Indication, Value (US$ Mn), 2018 – 2031
- 3.1.1. Key Highlights
- 3.1.1.1. Blood Collection
- 3.1.1.2. Forequarter Amputations
- 3.1.1.3. Shoulder Disarticulation
- 3.1.1.4. Transhumeral Disarticulation (Above Elbow)
- 3.1.1.5. Elbow Disarticulation
- 3.1.1.6. Transradial Disarticulation (Below Elbow)
- 3.1.1.7. Wrist Disarticulation
- 3.1.1.8. Partial Hand
- 3.1.1.9. Fingers Amputations
- 3.2. Global Myoelectric Prosthetics Market Outlook, by End User, Value (US$ Mn), 2018 – 2031
- 3.2.1. Key Highlights
- 3.2.1.1. Hospitals
- 3.2.1.2. Prosthetic Clinics
- 3.2.1.3. Ambulatory Surgical Centers
- 3.3. Global Myoelectric Prosthetics Market Outlook, by Region, Value (US$ Mn), 2018 – 2031
- 3.3.1. Key Highlights
- 3.3.1.1. North America
- 3.3.1.2. Europe
- 3.3.1.3. Asia Pacific
- 3.3.1.4. Latin America
- 3.3.1.5. Middle East & Africa
- 4. North America Myoelectric Prosthetics Market Outlook, 2018 – 2031
- 4.1. North America Myoelectric Prosthetics Market Outlook, by Indication, Value (US$ Mn), 2018 – 2031
- 4.1.1. Key Highlights
- 4.1.1.1. Blood Collection
- 4.1.1.2. Forequarter Amputations
- 4.1.1.3. Shoulder Disarticulation
- 4.1.1.4. Transhumeral Disarticulation (Above Elbow)
- 4.1.1.5. Elbow Disarticulation
- 4.1.1.6. Transradial Disarticulation (Below Elbow)
- 4.1.1.7. Wrist Disarticulation
- 4.1.1.8. Partial Hand
- 4.1.1.9. Fingers Amputations
- 4.2. North America Myoelectric Prosthetics Market Outlook, by End User, Value (US$ Mn), 2018 – 2031
- 4.2.1. Key Highlights
- 4.2.1.1. Hospitals
- 4.2.1.2. Prosthetic Clinics
- 4.2.1.3. Ambulatory Surgical Centers
- 4.2.2. BPS Analysis/Market Attractiveness Analysis
- 4.3. North America Myoelectric Prosthetics Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
- 4.3.1. Key Highlights
- 4.3.1.1. U.S. Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 4.3.1.2. U.S. Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 4.3.1.3. Canada Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 4.3.1.4. Canada Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 4.3.2. BPS Analysis/Market Attractiveness Analysis
- 5. Europe Myoelectric Prosthetics Market Outlook, 2018 – 2031
- 5.1. Europe Myoelectric Prosthetics Market Outlook, by Indication, Value (US$ Mn), 2018 – 2031
- 5.1.1. Key Highlights
- 5.1.1.1. Blood Collection
- 5.1.1.2. Forequarter Amputations
- 5.1.1.3. Shoulder Disarticulation
- 5.1.1.4. Transhumeral Disarticulation (Above Elbow)
- 5.1.1.5. Elbow Disarticulation
- 5.1.1.6. Transradial Disarticulation (Below Elbow)
- 5.1.1.7. Wrist Disarticulation
- 5.1.1.8. Partial Hand
- 5.1.1.9. Fingers Amputations
- 5.2. Europe Myoelectric Prosthetics Market Outlook, by End User, Value (US$ Mn), 2018 – 2031
- 5.2.1. Key Highlights
- 5.2.1.1. Hospitals
- 5.2.1.2. Prosthetic Clinics
- 5.2.1.3. Ambulatory Surgical Centers
- 5.2.2. BPS Analysis/Market Attractiveness Analysis
- 5.3. Europe Myoelectric Prosthetics Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
- 5.3.1. Key Highlights
- 5.3.1.1. Germany Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.2. Germany Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.1.3. U.K. Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.4. U.K. Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.1.5. France Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.6. France Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.1.7. Italy Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.8. Italy Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.1.9. Turkey Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.10. Turkey Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.1.11. Russia Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.12. Russia Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.1.13. Rest of Europe Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 5.3.1.14. Rest of Europe Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 5.3.2. BPS Analysis/Market Attractiveness Analysis
- 6. Asia Pacific Myoelectric Prosthetics Market Outlook, 2018 – 2031
- 6.1. Asia Pacific Myoelectric Prosthetics Market Outlook, by Indication, Value (US$ Mn), 2018 – 2031
- 6.1.1. Key Highlights
- 6.1.1.1. Blood Collection
- 6.1.1.2. Forequarter Amputations
- 6.1.1.3. Shoulder Disarticulation
- 6.1.1.4. Transhumeral Disarticulation (Above Elbow)
- 6.1.1.5. Elbow Disarticulation
- 6.1.1.6. Transradial Disarticulation (Below Elbow)
- 6.1.1.7. Wrist Disarticulation
- 6.1.1.8. Partial Hand
- 6.1.1.9. Fingers Amputations
- 6.2. Asia Pacific Myoelectric Prosthetics Market Outlook, by End User, Value (US$ Mn), 2018 – 2031
- 6.2.1. Key Highlights
- 6.2.1.1. Hospitals
- 6.2.1.2. Prosthetic Clinics
- 6.2.1.3. Ambulatory Surgical Centers
- 6.2.2. Others BPS Analysis/Market Attractiveness Analysis
- 6.3. Asia Pacific Myoelectric Prosthetics Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
- 6.3.1. Key Highlights
- 6.3.1.1. China Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 6.3.1.2. China Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 6.3.1.3. Japan Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 6.3.1.4. Japan Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 6.3.1.5. South Korea Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 6.3.1.6. South Korea Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 6.3.1.7. India Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 6.3.1.8. India Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 6.3.1.9. Southeast Asia Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 6.3.1.10. Southeast Asia Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 6.3.1.11. Rest of Asia Pacific Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 6.3.1.12. Rest of Asia Pacific Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 6.3.2. BPS Analysis/Market Attractiveness Analysis
- 7. Latin America Myoelectric Prosthetics Market Outlook, 2018 – 2031
- 7.1. Latin America Myoelectric Prosthetics Market Outlook, by Indication, Value (US$ Mn), 2018 – 2031
- 7.1.1. Key Highlights
- 7.1.1.1. Blood Collection
- 7.1.1.2. Forequarter Amputations
- 7.1.1.3. Shoulder Disarticulation
- 7.1.1.4. Transhumeral Disarticulation (Above Elbow)
- 7.1.1.5. Elbow Disarticulation
- 7.1.1.6. Transradial Disarticulation (Below Elbow)
- 7.1.1.7. Wrist Disarticulation
- 7.1.1.8. Partial Hand
- 7.1.1.9. Fingers Amputations
- 7.2. Latin America Myoelectric Prosthetics Market Outlook, by End User, Value (US$ Mn), 2018 – 2031
- 7.2.1.1. Hospitals
- 7.2.1.2. Prosthetic Clinics
- 7.2.1.3. Ambulatory Surgical Centers
- 7.2.2. BPS Analysis/Market Attractiveness Analysis
- 7.3. Latin America Myoelectric Prosthetics Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
- 7.3.1. Key Highlights
- 7.3.1.1. Brazil Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 7.3.1.2. Brazil Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 7.3.1.3. Mexico Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 7.3.1.4. Mexico Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 7.3.1.5. Argentina Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 7.3.1.6. Argentina Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 7.3.1.7. Rest of Latin America Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 7.3.1.8. Rest of Latin America Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 7.3.2. BPS Analysis/Market Attractiveness Analysis
- 8. Middle East & Africa Myoelectric Prosthetics Market Outlook, 2018 – 2031
- 8.1. Middle East & Africa Myoelectric Prosthetics Market Outlook, by Indication, Value (US$ Mn), 2018 – 2031
- 8.1.1. Key Highlights
- 8.1.1.1. Blood Collection
- 8.1.1.2. Forequarter Amputations
- 8.1.1.3. Shoulder Disarticulation
- 8.1.1.4. Transhumeral Disarticulation (Above Elbow)
- 8.1.1.5. Elbow Disarticulation
- 8.1.1.6. Transradial Disarticulation (Below Elbow)
- 8.1.1.7. Wrist Disarticulation
- 8.1.1.8. Partial Hand
- 8.1.1.9. Fingers Amputations
- 8.2. Middle East & Africa Myoelectric Prosthetics Market Outlook, by End User, Value (US$ Mn), 2018 – 2031
- 8.2.1. Key Highlights
- 8.2.1.1. Hospitals
- 8.2.1.2. Prosthetic Clinics
- 8.2.1.3. Ambulatory Surgical Centers
- 8.2.2. BPS Analysis/Market Attractiveness Analysis
- 8.3. Middle East & Africa Myoelectric Prosthetics Market Outlook, by Country, Value (US$ Mn), 2018 – 2031
- 8.3.1. Key Highlights
- 8.3.1.1. GCC Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 8.3.1.2. GCC Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 8.3.1.3. South Africa Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 8.3.1.4. South Africa Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 8.3.1.5. Egypt Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 8.3.1.6. Egypt Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 8.3.1.7. Nigeria Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 8.3.1.8. Nigeria Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 8.3.1.9. Rest of Middle East & Africa Myoelectric Prosthetics Market by Indication, Value (US$ Mn), 2018 – 2031
- 8.3.1.10. Rest of Middle East & Africa Myoelectric Prosthetics Market by End User, Value (US$ Mn), 2018 – 2031
- 8.3.2. BPS Analysis/Market Attractiveness Analysis
- 9. Competitive Landscape
- 9.1. Manufacturer vs by End User Heatmap
- 9.2. Company Market Share Analysis, 2023
- 9.3. Competitive Dashboard
- 9.4. Company Profiles
- 9.4.1. Virginia Prosthetics & Orthotics Inc.
- 9.4.1.1. Company Overview
- 9.4.1.2. Product Portfolio
- 9.4.1.3. Financial Overview
- 9.4.1.4. Business Strategies and Development
- 9.4.2. Endolite India
- 9.4.2.1. Company Overview
- 9.4.2.2. Product Portfolio
- 9.4.2.3. Financial Overview
- 9.4.2.4. Business Strategies and Development
- 9.4.3. Ottobock
- 9.4.3.1. Company Overview
- 9.4.3.2. Product Portfolio
- 9.4.3.3. Financial Overview
- 9.4.3.4. Business Strategies and Development
- 9.4.4. College Park Industries
- 9.4.4.1. Company Overview
- 9.4.4.2. Product Portfolio
- 9.4.4.3. Financial Overview
- 9.4.4.4. Business Strategies and Development
- 9.4.5. Leimkuehler, Inc.
- 9.4.5.1. Company Overview
- 9.4.5.2. Product Portfolio
- 9.4.5.3. Financial Overview
- 9.4.5.4. Business Strategies and Development
- 9.4.6. Touch Bionics Inc. (Össur hf)
- 9.4.6.1. Company Overview
- 9.4.6.2. Product Portfolio
- 9.4.6.3. Financial Overview
- 9.4.6.4. Business Strategies and Development
- 9.4.7. Fillauer LLC
- 9.4.7.1. Company Overview
- 9.4.7.2. Product Portfolio
- 9.4.7.3. Financial Overview
- 9.4.7.4. Business Strategies and Development
- 9.4.8. COAPT LLC
- 9.4.8.1. Company Overview
- 9.4.8.2. Product Portfolio
- 9.4.8.3. Financial Overview
- 9.4.8.4. Business Strategies and Development
- 9.4.9. Össur
- 9.4.9.1. Company Overview
- 9.4.9.2. Product Portfolio
- 9.4.9.3. Financial Overview
- 9.4.9.4. Business Strategies and Development
- 9.4.10. FAULHABER
- 9.4.10.1. Company Overview
- 9.4.10.2. Product Portfolio
- 9.4.10.3. Financial Overview
- 9.4.10.4. Business Strategies and Development
- 10. Appendix
- 10.1. Research Methodology
- 10.2. Report Assumptions
- 10.3. Acronyms and Abbreviations
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