Upper Limb Prosthetics Market Share

North American Market Forecast

Upper Limb Prosthetics market in North America is predicted to account for the largest share of 39% by 2037 impelled by the increasing spending in healthcare. This has led to the development of more sophisticated upper limb prosthetics in the region, resulting in enhanced functionality which would encourage more individuals to use prosthetic limbs. According to estimates, In the United States, health spending climbed by over 2% in 2021 to roughly USD 4 trillion, or around USD 12,910 per person.

European Market Statistics

The Europe upper limb prosthetics market is estimated to be the second largest, during the forecast timeframe led by presence of conflicts and wars. For instance, more than 48 armed conflicts were going on in Europe in 2022, one of which was a major war. In addition, an international armed conflict (IAC) between Russia and Ukraine is taking place in Europe and has sparked solidarity across the region. As a result, military personnel and other civilians who are entangled in conflict and a combat zone sustain severe physical wounds, including limb loss. This may drive the demand for upper limb prosthetics in the region.