$5190
$4671
A prosthesis is an artificial device utilized to replace a missing limb that may have undergone amputation because of trauma or disease is called a prosthetic implant. Prosthetics is the field concerned with making and fitting such types of implants. Prosthetics aims to restore the normal functions of the missing body part. Upper limb prosthetics include the prosthetic wrist, prosthetic elbow, prosthetic shoulder, prosthetic arm, and terminal devices.
MARKET SCOPE
The "Global Upper Limb Prosthesis Market Analysis to 2028" is a specialized and in-depth study of the medical devices industry with a special focus on the global market trend analysis. The report aims to provide an overview of the Upper limb prosthesis market with detailed market segmentation by component, product, cause, end use, and geography. The report provides key statistics on the market status of the leading Upper limb prosthesis market players and offers key trends and opportunities in the market.MARKET SEGMENTATION
- Based on component, the global Upper limb prosthesis market is segmented into prosthetic wrist, prosthetic elbow, prosthetic shoulder, prosthetic arm, terminal devices.
- On the basis of product, the market is segmented into passive prosthetic devices, body powered prosthetic devices, myoelectric prosthetic devices, hybrid prosthetic devices.
- On the basis of cause, the market is segmented into trauma, vascular disease and diabetes, cancer.
- On the basis of end use, the market is segmented into hospitals, prosthetic clinics, ambulatory surgical centers, others.
MARKET DYNAMICS
Drivers:
- Rise in the incidences of accidences and trauma.
- Rise in geriatric population.
- Technological advancements in prosthetics.
Restraints:
- The high cost of prosthetics is the major restraining factor for this market.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Upper limb prosthesis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Upper limb prosthesis market in these regions.
IMPACT OF COVID-19 ON UPPER LIMB PROSTHESIS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
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The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Upper limb prosthesis market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.
The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the Upper limb prosthesis market in these regions.
IMPACT OF COVID-19 ON UPPER LIMB PROSTHESIS MARKET
COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 has been affecting economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. Shutdown of various plants and factories has affected the global supply chains and negatively impacted the manufacturing, delivery schedules, and sales of products in global market. Few companies have already announced possible delays in product deliveries and slump in future sales of their products. In addition to this, the global travel bans imposed by countries in Europe, Asia-Pacific, and North America are affecting the business collaborations and partnerships opportunities.
MARKET PLAYERS
The report covers key developments in the Upper limb prosthesis market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Upper limb prosthesis market are anticipated to lucrative growth opportunities in the future with the rising demand for Upper limb prosthesis in the global market.
The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Upper limb prosthesis market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
- Request discounts available for Start-Ups & Universities
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
This text is related
to segments covered.
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
This text is related
to country scope.
1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Upper Limb Prosthesis Market - By Component
1.3.2 Upper Limb Prosthesis Market - By Product
1.3.3 Upper Limb Prosthesis Market - By Cause
1.3.4 Upper Limb Prosthesis Market - By End Use
1.3.5 Upper Limb Prosthesis Market - By Region
1.3.5.1 By Country
2. KEY TAKEAWAYS
3. RESEARCH METHODOLOGY
4. UPPER LIMB PROSTHESIS MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS
5. UPPER LIMB PROSTHESIS MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS
6. UPPER LIMB PROSTHESIS MARKET - GLOBAL MARKET ANALYSIS
6.1. UPPER LIMB PROSTHESIS - GLOBAL MARKET OVERVIEW
6.2. UPPER LIMB PROSTHESIS - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING
7. UPPER LIMB PROSTHESIS MARKET - REVENUE AND FORECASTS TO 2028 - COMPONENT
7.1. OVERVIEW
7.2. COMPONENT MARKET FORECASTS AND ANALYSIS
7.3. PROSTHETIC WRIST
7.3.1. Overview
7.3.2. Prosthetic Wrist Market Forecast and Analysis
7.4. PROSTHETIC ELBOW
7.4.1. Overview
7.4.2. Prosthetic Elbow Market Forecast and Analysis
7.5. PROSTHETIC SHOULDER
7.5.1. Overview
7.5.2. Prosthetic Shoulder Market Forecast and Analysis
7.6. PROSTHETIC ARM
7.6.1. Overview
7.6.2. Prosthetic Arm Market Forecast and Analysis
7.7. TERMINAL DEVICES
7.7.1. Overview
7.7.2. Terminal Devices Market Forecast and Analysis
8. UPPER LIMB PROSTHESIS MARKET - REVENUE AND FORECASTS TO 2028 - PRODUCT
8.1. OVERVIEW
8.2. PRODUCT MARKET FORECASTS AND ANALYSIS
8.3. PASSIVE PROSTHETIC DEVICES
8.3.1. Overview
8.3.2. Passive Prosthetic Devices Market Forecast and Analysis
8.4. BODY POWERED PROSTHETIC DEVICES
8.4.1. Overview
8.4.2. Body Powered Prosthetic Devices Market Forecast and Analysis
8.5. MYOELECTRIC PROSTHETIC DEVICES
8.5.1. Overview
8.5.2. Myoelectric Prosthetic Devices Market Forecast and Analysis
8.6. HYBRID PROSTHETIC DEVICES
8.6.1. Overview
8.6.2. Hybrid Prosthetic Devices Market Forecast and Analysis
9. UPPER LIMB PROSTHESIS MARKET - REVENUE AND FORECASTS TO 2028 - CAUSE
9.1. OVERVIEW
9.2. CAUSE MARKET FORECASTS AND ANALYSIS
9.3. TRAUMA
9.3.1. Overview
9.3.2. Trauma Market Forecast and Analysis
9.4. VASCULAR DISEASE AND DIABETES
9.4.1. Overview
9.4.2. Vascular Disease and Diabetes Market Forecast and Analysis
9.5. CANCER
9.5.1. Overview
9.5.2. Cancer Market Forecast and Analysis
10. UPPER LIMB PROSTHESIS MARKET - REVENUE AND FORECASTS TO 2028 - END USE
10.1. OVERVIEW
10.2. END USE MARKET FORECASTS AND ANALYSIS
10.3. HOSPITALS
10.3.1. Overview
10.3.2. Hospitals Market Forecast and Analysis
10.4. PROSTHETIC CLINICS
10.4.1. Overview
10.4.2. Prosthetic Clinics Market Forecast and Analysis
10.5. AMBULATORY SURGICAL CENTERS
10.5.1. Overview
10.5.2. Ambulatory Surgical Centers Market Forecast and Analysis
10.6. OTHERS
10.6.1. Overview
10.6.2. Others Market Forecast and Analysis
11. UPPER LIMB PROSTHESIS MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
11.1. NORTH AMERICA
11.1.1 North America Upper Limb Prosthesis Market Overview
11.1.2 North America Upper Limb Prosthesis Market Forecasts and Analysis
11.1.3 North America Upper Limb Prosthesis Market Forecasts and Analysis - By Component
11.1.4 North America Upper Limb Prosthesis Market Forecasts and Analysis - By Product
11.1.5 North America Upper Limb Prosthesis Market Forecasts and Analysis - By Cause
11.1.6 North America Upper Limb Prosthesis Market Forecasts and Analysis - By End Use
11.1.7 North America Upper Limb Prosthesis Market Forecasts and Analysis - By Countries
11.1.7.1 United States Upper Limb Prosthesis Market
11.1.7.1.1 United States Upper Limb Prosthesis Market by Component
11.1.7.1.2 United States Upper Limb Prosthesis Market by Product
11.1.7.1.3 United States Upper Limb Prosthesis Market by Cause
11.1.7.1.4 United States Upper Limb Prosthesis Market by End Use
11.1.7.2 Canada Upper Limb Prosthesis Market
11.1.7.2.1 Canada Upper Limb Prosthesis Market by Component
11.1.7.2.2 Canada Upper Limb Prosthesis Market by Product
11.1.7.2.3 Canada Upper Limb Prosthesis Market by Cause
11.1.7.2.4 Canada Upper Limb Prosthesis Market by End Use
11.1.7.3 Mexico Upper Limb Prosthesis Market
11.1.7.3.1 Mexico Upper Limb Prosthesis Market by Component
11.1.7.3.2 Mexico Upper Limb Prosthesis Market by Product
11.1.7.3.3 Mexico Upper Limb Prosthesis Market by Cause
11.1.7.3.4 Mexico Upper Limb Prosthesis Market by End Use
11.2. EUROPE
11.2.1 Europe Upper Limb Prosthesis Market Overview
11.2.2 Europe Upper Limb Prosthesis Market Forecasts and Analysis
11.2.3 Europe Upper Limb Prosthesis Market Forecasts and Analysis - By Component
11.2.4 Europe Upper Limb Prosthesis Market Forecasts and Analysis - By Product
11.2.5 Europe Upper Limb Prosthesis Market Forecasts and Analysis - By Cause
11.2.6 Europe Upper Limb Prosthesis Market Forecasts and Analysis - By End Use
11.2.7 Europe Upper Limb Prosthesis Market Forecasts and Analysis - By Countries
11.2.7.1 Germany Upper Limb Prosthesis Market
11.2.7.1.1 Germany Upper Limb Prosthesis Market by Component
11.2.7.1.2 Germany Upper Limb Prosthesis Market by Product
11.2.7.1.3 Germany Upper Limb Prosthesis Market by Cause
11.2.7.1.4 Germany Upper Limb Prosthesis Market by End Use
11.2.7.2 France Upper Limb Prosthesis Market
11.2.7.2.1 France Upper Limb Prosthesis Market by Component
11.2.7.2.2 France Upper Limb Prosthesis Market by Product
11.2.7.2.3 France Upper Limb Prosthesis Market by Cause
11.2.7.2.4 France Upper Limb Prosthesis Market by End Use
11.2.7.3 Italy Upper Limb Prosthesis Market
11.2.7.3.1 Italy Upper Limb Prosthesis Market by Component
11.2.7.3.2 Italy Upper Limb Prosthesis Market by Product
11.2.7.3.3 Italy Upper Limb Prosthesis Market by Cause
11.2.7.3.4 Italy Upper Limb Prosthesis Market by End Use
11.2.7.4 Spain Upper Limb Prosthesis Market
11.2.7.4.1 Spain Upper Limb Prosthesis Market by Component
11.2.7.4.2 Spain Upper Limb Prosthesis Market by Product
11.2.7.4.3 Spain Upper Limb Prosthesis Market by Cause
11.2.7.4.4 Spain Upper Limb Prosthesis Market by End Use
11.2.7.5 United Kingdom Upper Limb Prosthesis Market
11.2.7.5.1 United Kingdom Upper Limb Prosthesis Market by Component
11.2.7.5.2 United Kingdom Upper Limb Prosthesis Market by Product
11.2.7.5.3 United Kingdom Upper Limb Prosthesis Market by Cause
11.2.7.5.4 United Kingdom Upper Limb Prosthesis Market by End Use
11.2.7.6 Rest of Europe Upper Limb Prosthesis Market
11.2.7.6.1 Rest of Europe Upper Limb Prosthesis Market by Component
11.2.7.6.2 Rest of Europe Upper Limb Prosthesis Market by Product
11.2.7.6.3 Rest of Europe Upper Limb Prosthesis Market by Cause
11.2.7.6.4 Rest of Europe Upper Limb Prosthesis Market by End Use
11.3. ASIA-PACIFIC
11.3.1 Asia-Pacific Upper Limb Prosthesis Market Overview
11.3.2 Asia-Pacific Upper Limb Prosthesis Market Forecasts and Analysis
11.3.3 Asia-Pacific Upper Limb Prosthesis Market Forecasts and Analysis - By Component
11.3.4 Asia-Pacific Upper Limb Prosthesis Market Forecasts and Analysis - By Product
11.3.5 Asia-Pacific Upper Limb Prosthesis Market Forecasts and Analysis - By Cause
11.3.6 Asia-Pacific Upper Limb Prosthesis Market Forecasts and Analysis - By End Use
11.3.7 Asia-Pacific Upper Limb Prosthesis Market Forecasts and Analysis - By Countries
11.3.7.1 Australia Upper Limb Prosthesis Market
11.3.7.1.1 Australia Upper Limb Prosthesis Market by Component
11.3.7.1.2 Australia Upper Limb Prosthesis Market by Product
11.3.7.1.3 Australia Upper Limb Prosthesis Market by Cause
11.3.7.1.4 Australia Upper Limb Prosthesis Market by End Use
11.3.7.2 China Upper Limb Prosthesis Market
11.3.7.2.1 China Upper Limb Prosthesis Market by Component
11.3.7.2.2 China Upper Limb Prosthesis Market by Product
11.3.7.2.3 China Upper Limb Prosthesis Market by Cause
11.3.7.2.4 China Upper Limb Prosthesis Market by End Use
11.3.7.3 India Upper Limb Prosthesis Market
11.3.7.3.1 India Upper Limb Prosthesis Market by Component
11.3.7.3.2 India Upper Limb Prosthesis Market by Product
11.3.7.3.3 India Upper Limb Prosthesis Market by Cause
11.3.7.3.4 India Upper Limb Prosthesis Market by End Use
11.3.7.4 Japan Upper Limb Prosthesis Market
11.3.7.4.1 Japan Upper Limb Prosthesis Market by Component
11.3.7.4.2 Japan Upper Limb Prosthesis Market by Product
11.3.7.4.3 Japan Upper Limb Prosthesis Market by Cause
11.3.7.4.4 Japan Upper Limb Prosthesis Market by End Use
11.3.7.5 South Korea Upper Limb Prosthesis Market
11.3.7.5.1 South Korea Upper Limb Prosthesis Market by Component
11.3.7.5.2 South Korea Upper Limb Prosthesis Market by Product
11.3.7.5.3 South Korea Upper Limb Prosthesis Market by Cause
11.3.7.5.4 South Korea Upper Limb Prosthesis Market by End Use
11.3.7.6 Rest of Asia-Pacific Upper Limb Prosthesis Market
11.3.7.6.1 Rest of Asia-Pacific Upper Limb Prosthesis Market by Component
11.3.7.6.2 Rest of Asia-Pacific Upper Limb Prosthesis Market by Product
11.3.7.6.3 Rest of Asia-Pacific Upper Limb Prosthesis Market by Cause
11.3.7.6.4 Rest of Asia-Pacific Upper Limb Prosthesis Market by End Use
11.4. MIDDLE EAST AND AFRICA
11.4.1 Middle East and Africa Upper Limb Prosthesis Market Overview
11.4.2 Middle East and Africa Upper Limb Prosthesis Market Forecasts and Analysis
11.4.3 Middle East and Africa Upper Limb Prosthesis Market Forecasts and Analysis - By Component
11.4.4 Middle East and Africa Upper Limb Prosthesis Market Forecasts and Analysis - By Product
11.4.5 Middle East and Africa Upper Limb Prosthesis Market Forecasts and Analysis - By Cause
11.4.6 Middle East and Africa Upper Limb Prosthesis Market Forecasts and Analysis - By End Use
11.4.7 Middle East and Africa Upper Limb Prosthesis Market Forecasts and Analysis - By Countries
11.4.7.1 South Africa Upper Limb Prosthesis Market
11.4.7.1.1 South Africa Upper Limb Prosthesis Market by Component
11.4.7.1.2 South Africa Upper Limb Prosthesis Market by Product
11.4.7.1.3 South Africa Upper Limb Prosthesis Market by Cause
11.4.7.1.4 South Africa Upper Limb Prosthesis Market by End Use
11.4.7.2 Saudi Arabia Upper Limb Prosthesis Market
11.4.7.2.1 Saudi Arabia Upper Limb Prosthesis Market by Component
11.4.7.2.2 Saudi Arabia Upper Limb Prosthesis Market by Product
11.4.7.2.3 Saudi Arabia Upper Limb Prosthesis Market by Cause
11.4.7.2.4 Saudi Arabia Upper Limb Prosthesis Market by End Use
11.4.7.3 U.A.E Upper Limb Prosthesis Market
11.4.7.3.1 U.A.E Upper Limb Prosthesis Market by Component
11.4.7.3.2 U.A.E Upper Limb Prosthesis Market by Product
11.4.7.3.3 U.A.E Upper Limb Prosthesis Market by Cause
11.4.7.3.4 U.A.E Upper Limb Prosthesis Market by End Use
11.4.7.4 Rest of Middle East and Africa Upper Limb Prosthesis Market
11.4.7.4.1 Rest of Middle East and Africa Upper Limb Prosthesis Market by Component
11.4.7.4.2 Rest of Middle East and Africa Upper Limb Prosthesis Market by Product
11.4.7.4.3 Rest of Middle East and Africa Upper Limb Prosthesis Market by Cause
11.4.7.4.4 Rest of Middle East and Africa Upper Limb Prosthesis Market by End Use
11.5. SOUTH AND CENTRAL AMERICA
11.5.1 South and Central America Upper Limb Prosthesis Market Overview
11.5.2 South and Central America Upper Limb Prosthesis Market Forecasts and Analysis
11.5.3 South and Central America Upper Limb Prosthesis Market Forecasts and Analysis - By Component
11.5.4 South and Central America Upper Limb Prosthesis Market Forecasts and Analysis - By Product
11.5.5 South and Central America Upper Limb Prosthesis Market Forecasts and Analysis - By Cause
11.5.6 South and Central America Upper Limb Prosthesis Market Forecasts and Analysis - By End Use
11.5.7 South and Central America Upper Limb Prosthesis Market Forecasts and Analysis - By Countries
11.5.7.1 Brazil Upper Limb Prosthesis Market
11.5.7.1.1 Brazil Upper Limb Prosthesis Market by Component
11.5.7.1.2 Brazil Upper Limb Prosthesis Market by Product
11.5.7.1.3 Brazil Upper Limb Prosthesis Market by Cause
11.5.7.1.4 Brazil Upper Limb Prosthesis Market by End Use
11.5.7.2 Argentina Upper Limb Prosthesis Market
11.5.7.2.1 Argentina Upper Limb Prosthesis Market by Component
11.5.7.2.2 Argentina Upper Limb Prosthesis Market by Product
11.5.7.2.3 Argentina Upper Limb Prosthesis Market by Cause
11.5.7.2.4 Argentina Upper Limb Prosthesis Market by End Use
11.5.7.3 Rest of South and Central America Upper Limb Prosthesis Market
11.5.7.3.1 Rest of South and Central America Upper Limb Prosthesis Market by Component
11.5.7.3.2 Rest of South and Central America Upper Limb Prosthesis Market by Product
11.5.7.3.3 Rest of South and Central America Upper Limb Prosthesis Market by Cause
11.5.7.3.4 Rest of South and Central America Upper Limb Prosthesis Market by End Use
12. IMPACT OF COVID-19 PANDEMIC ON GLOBAL UPPER LIMB PROSTHESIS MARKET
12.1 North America
12.2 Europe
12.3 Asia-Pacific
12.4 Middle East and Africa
12.5 South and Central America
13. INDUSTRY LANDSCAPE
13.1. MERGERS AND ACQUISITIONS
13.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
13.3. NEW PRODUCT LAUNCHES
13.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS
14. UPPER LIMB PROSTHESIS MARKET, KEY COMPANY PROFILES
14.1. OTTOBOCK SE AND CO. KGAA
14.1.1. Key Facts
14.1.2. Business Description
14.1.3. Products and Services
14.1.4. Financial Overview
14.1.5. SWOT Analysis
14.1.6. Key Developments
14.2. ENDOLITE INDIA LTD.
14.2.1. Key Facts
14.2.2. Business Description
14.2.3. Products and Services
14.2.4. Financial Overview
14.2.5. SWOT Analysis
14.2.6. Key Developments
14.3. OSSUR
14.3.1. Key Facts
14.3.2. Business Description
14.3.3. Products and Services
14.3.4. Financial Overview
14.3.5. SWOT Analysis
14.3.6. Key Developments
14.4. FILLAUER LLC
14.4.1. Key Facts
14.4.2. Business Description
14.4.3. Products and Services
14.4.4. Financial Overview
14.4.5. SWOT Analysis
14.4.6. Key Developments
14.5. COLLEGE PARK INDUSTRIES
14.5.1. Key Facts
14.5.2. Business Description
14.5.3. Products and Services
14.5.4. Financial Overview
14.5.5. SWOT Analysis
14.5.6. Key Developments
14.6. STEEPER INC.
14.6.1. Key Facts
14.6.2. Business Description
14.6.3. Products and Services
14.6.4. Financial Overview
14.6.5. SWOT Analysis
14.6.6. Key Developments
14.7. TRS INC.
14.7.1. Key Facts
14.7.2. Business Description
14.7.3. Products and Services
14.7.4. Financial Overview
14.7.5. SWOT Analysis
14.7.6. Key Developments
14.8. HOWARD ORTHOPEDICS INC.
14.8.1. Key Facts
14.8.2. Business Description
14.8.3. Products and Services
14.8.4. Financial Overview
14.8.5. SWOT Analysis
14.8.6. Key Developments
14.9. WILLOWWOOD GLOBAL LLC
14.9.1. Key Facts
14.9.2. Business Description
14.9.3. Products and Services
14.9.4. Financial Overview
14.9.5. SWOT Analysis
14.9.6. Key Developments
14.10. CPOUSA
14.10.1. Key Facts
14.10.2. Business Description
14.10.3. Products and Services
14.10.4. Financial Overview
14.10.5. SWOT Analysis
14.10.6. Key Developments
15. APPENDIX
15.1. ABOUT THE INSIGHT PARTNERS
15.2. GLOSSARY OF TERMS
1. Ottobock SE & Co. KGaA
2. Endolite India Ltd.
3. Ossur
4. Fillauer LLC
5. College Park Industries
6. Steeper Inc.
7. TRS Inc.
8. Howard Orthopedics Inc.
9. WillowWood Global LLC
10. CPOUSA
11. Coapt LLC
12. Touch Bionics Inc.
13. Open Bionics Ltd
14. Protunix
15. Blatchford Limited
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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