Upper Limb Prosthetics Market Size

Upper Limb Prosthetics Market size was valued at USD 883.24 million in 2024 and is likely to reach USD 1.64 billion by the end of 2037, expanding at around 4.9% CAGR during the forecast period i.e., between 2025-2037. In the year 2025, the industry size of upper limb prosthetics is assessed at USD 917.86 million.

The reason behind the growth is due to the rising number of road accidents which are by far the most frequent reason for traumatic amputations and loss of limbs. Moreover, careless or reckless behavior frequently leads to incidents that can result in trauma which can cause loss of limb, and body parts including arms, fingers, and hands can be amputated. According to the World Health Organization (WHO), the lives of almost 1.3 million people across the globe are cut short annually as a result of traffic accidents.

The growing advancements in upper limb prosthetics are believed to fuel the market growth. For instance, the development of new hybrid nanomaterials has increased the performance of prosthetic devices has made artificial limbs significantly more efficient, and effective, and has considerably raised the standard of living for people with disabilities.