Fact.MR – A Market Research and Competitive Intelligence Provider: The global prosthetic liners market is expected to develop at a CAGR of 4.5% from 2021 to 2031.
Silicone Prosthetic Liners to Capture Major Demand Pie in the Prosthetic Liners Market
The Fact.MR report on prosthetic liners market offers detailed analysis on the key growth drivers, restrains, and trends affecting demand in the market. The study also provides insights into the competitive landscape of global prosthetic liners market, identifying the key market players and analyzing the impact of their growth strategies.
Fact.MR – A Market Research and Competitive Intelligence Provider: The global prosthetic liners market is expected to develop at a CAGR of 4.5% from 2021 to 2031. The market for prosthetic liners is growing due to an increase in the number of vehicle accidents and trauma cases, as well as government programs to rehabilitate amputees.
According to an NCBI article published in December 2019 by Ontario Health (Quality) in Canada, diabetes is the leading cause of lower limb amputations, with the prosthesis and prosthetic market playing a significant role. During the projection period, it is expected to increase at a healthy CAGR (2021-2031). The increasing incidence of diabetes is expected to surge the sales of prosthetic liners.
Road traffic crashes claim the lives of over 1.35 million people every year around the world. According to the World Health Organization, 20 to 50 million individuals suffer from non-fatal injuries, with many people becoming disabled. Patients with serious orthopaedic injuries may require prosthetic devices, and the rising prevalence of these injuries will provide profitable growth possibilities for prosthetic liners.
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Despite recent expansion, the COVID-19 outbreak has slowed the growth of the prosthetic liners market. Lockdown has resulted in a fall in the incidence of road accidents and injuries, which has resulted in a decrease in sales of prosthetic liners. Nonetheless, the industry is expected to increase at a healthy rate between 2021 and 2031.
According to a research by the European Road Safety Association, there were 300 road injuries in Germany per year in 2016, followed by 108 road injuries in Italy, the United Kingdom, and France. These considerations proved to be the driving factors of the Prosthetic market’s growth in the European Region.
Key Takeaways
- The existence of major market participants, combined with an increase in the incidence of traffic accidents, has propelled the United States to the forefront of the prosthetic liners industry.
- Due to the high acceptability of premium-priced novel prosthetic devices, the United Kingdom is likely to experience substantial growth.
- The Asia Pacific region is expanding rapidly, owing to increased government initiatives for amputee rehabilitation and health-care infrastructure.
- The upper extremity has the biggest market share by application and is predicted to exceed 55.0 percent of sales over the evaluation period.
- Silicone prosthetic liners are expected to lead the material category due to their comfort, durability, and ease of cleaning.
Growth Drivers:
- The need for prosthetic liners will be fueled by an increase in the frequency of road accidents and other orthopedic ailments.
- Sales of prosthetic liners will be boosted by the introduction of new liner materials.
- The market for prosthetic liners is predicted to rise due to increased government initiatives and reimbursement regulations.
Key Restraints
- The market’s expansion is being hampered by the low durability of prosthetic liners.
- Sales of prosthetic liners have decreased as a result of the COVID-19 outbreak.
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Competitive Landscape
Leading manufacturers in the global prosthetic liners market are focusing on developing innovation product to increase their market share. For instance,
- Össur recently introduced its new soft silicone product named Iceross, comfort locking liner with the silken inner surface with ample cushioning for added comfort.
- In 2019, Quorum Prosthetics, the U.S. based company, introduced Quatro Compression Socket made of silicone suitable for different designs.
Some of the leading manufacturers and suppliers of prosthetic liners are
- Willow Wood
- Ottobock
- Fillauer Europe AB
- ALPS
- Freedom Innovations
- Streifeneder USA
- Ossur
- Ortho
- Silipos Holding
- ST&G Corporation
- Blatchford
- Medi
- Engineered Silicone Products
- College Park Industries
More Valuable Insights on Prosthetic Liners Market
Fact.MR, in its new report, offers an unbiased analysis of the global prosthetic liners market, analyzing forecast statistics through 2021 and beyond. The survey reveals growth projections on in prosthetic liners market with detailed segmentation:
By Product
- Arm Disabled liners
- Leg Disabled liners
- Dental Prosthetics
- Orthopaedic Prosthetics
By Materials
- Thermoplastic Elastomer (TPE)
- Silicone Liner
- Polyurethane Liner (PUR)
By End-User
- Hospitals
- Prosthesis Clinics
- Other healthcare sectors
By Region
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa (MEA)
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