Carbon Fibre Composites for Prosthetics Market Size, Share & Demand by 2028

-

 Future Market Insights (FMI) has introduced a new report on carbon fibre composites for prosthetics. The report has been titled, “Carbon Fibre Composites for Prosthetics Market: Global Industry Analysis 2013-2021 and Opportunity Assessment 2022-2028.” According to the Amputee Collation, the main causes of limb loss have been vascular diseases (54%) – including diabetes and peripheral arterial disease, trauma (45%) and cancer (less than 2%).

On an average, 185,000 amputations occur in the United States every year. The adoption of prosthetics has witnessed steady growth in the last few years. Proliferating awareness among individuals together with swelling disposable income in the United States is expected to result in an increase in demand for prosthetics. Majority of people agonise from limb or foot loss due to vascular diseases or due to some accident or injury, which is anticipated to further increase the sales of prosthetic products.

The rising elderly population represents additional opportunities for orthopaedic prosthetic devices manufacturers. The growing preference for carbon fibre based prosthetic limb sockets among others is mounting with time. The major cause of amputations are diseases related to ageing, such as diabetes related gangrene, peripheral vascular disease and osteoarthritis. Increase in the number incidences of accidents is another core factor expected to drive growth of the U.S orthopaedic prosthetics market.

Request a sample to obtain authentic analysis and comprehensive market insights at- https://www.futuremarketinsights.com/reports/sample/rep-gb-6479

Availability of Substitutes to Obstruct Market Revenue Growth

Devices manufactured using 3-D printers need additional testing and quality panels than that for products manufactured using conventional manufacturing techniques in order to comply with regulatory and reimbursement requirements, thereby adding to the cost of the manufactured products. As a result, people are shifting towards substitutes with newer and cheaper materials such as aluminium and stainless steel. This could obstruct the growth trajectory of the global carbon fibre composites for prosthetics market.

Growing Physical Health Consciousness to Augur Well for the Market

The emphasis on leisure sports, physical fitness, and conditioning, such as aerobics and running is mounting, which has led to increased injuries requiring orthopaedic rehabilitative services and products. These trends are demonstrated by the increasing demand for new prosthetic devices that have heightened strength, corrosion resistance, stiffness, etc., essentially properties that enable amputees to actively participate in fitness and leisure sports. Children with congenital deformity of limbs are able to join leisure sports as per their choice. Some military amputees in the U.S army have even returned to active duty in war zones such as Afghanistan and Iraq. For instance, in 2007, out of the 600 service members that came back from Iraq or Afghanistan without a leg, arm, hand or foot, almost 31 resumed active duty owing to prosthetics.

Moreover, growing incidences of accidents due to rapid transformation and use of fast moving machinery as well as an increase in road accidents due to rash and drunk driving has augmented the growth of the market. War victims is another demographic that needs orthopaedic prosthetics. It is projected that the majority of amputees are veterans. Mines are responsible for 26,000 amputations per year and have produced 300,000 amputees worldwide. The use of prosthetics has given new opportunities to these people, thereby pushing the market towards growth in return.

Carbon Fibre Composites for Prosthetics Market by Category

By Product:

  • Upper Extremity Prosthetics
  • Lower Extremity Prosthetics
  • Socket
  • Modular Components

By Technology:

  • Conventional
  • Electric Powered
  • Hybrid Orthopaedic Prosthetics

By Region:

  • North America
  • LAMEA
  • Europe
  • Asia Pacific

 About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

Contact Us:        

Nandini Singh Sawlani   

Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube

Comments

Post a Comment

Popular posts from this blog

Thionyl Chloride Market Size, Share, Revenue Demand & Growth by 2034

-
Heightening concerns related to water treatment are likely to further fuel its growth engine in the near term. According to the latest report by FMI, the global  thionyl chloride market  is expected to reach a valuation of US$ 829.9 million by 2034. The industry is expected to experience revenue growth at a moderate CAGR of 4.8% during the forecast period. Thionyl chloride is used in various end-use industries such as agrochemicals, pharmaceuticals, dyes & pigments, and organic synthesis. The rising adoption of pesticides in developing countries and developments in the pharmaceutical industry are expected to drive the growth of the thionyl chloride market over the forecast period. However, a majority of end users of thionyl chloride are facing a massive slowdown due to the coronavirus (COVID-19) pandemic. This is substantially widening the supply-demand gap, and, as such, straining the revenue pool of the thionyl chloride market. Further, China – the epicenter of the ...
Read more

Bonded Magnet Market Size, Share, Revenue Demand & Growth by 2034

-
  The  bonded magnet market size  is projected to be around US$ 2,597.40 million in 2024. The demand for bonded magnets is anticipated to expand at a CAGR of 4.80% through 2034. The industry is projected to surpass US$ 4,150.99 million by 2034. The bonded magnet industry is primarily driven by the increasing demand for miniaturization and lightweight components in various applications such as automotive, consumer electronics, and medical devices. The rising focus on sustainability and environmental concerns has propelled the adoption of bonded magnets, which are manufactured using environmentally friendly processes and materials. One of the latest trends in the bonded magnet industry is the development of hybrid magnet systems combining bonded magnets with other materials like plastics or composites. These hybrid systems offer unique properties and performance characteristics, catering to specific application requirements such as weight reduction or thermal stability. ...
Read more

Construction Chemicals Market Potential Growth, Size, Share, Demand And Analysis Of Key Players – Research Forecasts To 2031

-
 The essential nature of construction chemicals in the construction and engineering sector is expected to support market growth for the duration of the assessment period from 2021 to 2031. In a new market report, Future Market Insights (FMI) has stated the valuation of the market at US$ 39 Bn in 2020.  Construction chemicals  play critical roles in construction projects including coatings, additives, sealants and more. Affordable housing and smart city projects are major influencers of demand. Strong demand for concrete admixtures, plasticizers in particular is driving the growth of the construction chemicals market. The high degree of workability in areas requiring high levels of reinforcement in high rise buildings and public infrastructure projects will support sales prospects in the coming years. The Asia Pacific excluding Japan region is expected to remain dominant. Major urbanization projects and substantial manufacturing facilities in China are likely to aid ex...
Read more