Published by Coherent Market Insights
Posted on September 30, 2021
4 min readLast updated: February 1, 2026
The prosthetic legs market is set to grow at a 4.7% CAGR, driven by technological advancements and rising health conditions necessitating amputations.
Prosthetic Legs Market (Forecast Period 2021-2028): The report provides a valuable source of insightful data for business strategists and competitive analysis of Prosthetic Legs Market. The study covers important knowledge that makes the analysis document a handy resource for managers, analysts, business consultants and different key individuals get ready-to-access and self-analyzed study in conjunction with graphs and tables to assist perceive market trends, drivers and market challenges.It also highlights the restraints and opportunities expected to influence the market’s growth during the said period. The study provides a holistic perspective on the market’s growth throughout the above mentioned forecast period in terms of revenue(in US$ Mn) and Volume (Thousand Units), across different geographies.
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In medical science, a prosthetic limb is an artificially created device that substitutes a damaged body part that may be damaged through injury, disease, or simply a natural condition at birth. Prosthetic limbs are designed to fully restore the functional roles of a missing body part so as to provide full mobility and independence to the person affected. Apart from birth defects, various medical conditions such as diabetes, cancer, traumatic injuries, and circulation problems can lead to amputation of limbs.
They can be constructed from a wide variety of materials and come in a variety of styles. Most importantly, they have been approved for therapeutic use in humans under the terms of the United States Food and Drug Administration (FDA). Although most patients choose to wear prosthetic legs in their home, there are several reasons why a professional should prescribe and supply them to an amputee.
Market Dynamics:
Increasing incidence of sports injuries and road accidents worldwide, the increasing prevalence of osteosarcoma, and rising number of diabetes-related amputations are expected to propel the growth of the prosthetic legs market. For instance, according to the World Health Organization (WHO), around 1.35 million people die each year as a result of road traffic crashes. Road traffic accidents are the 9th leading cause of deaths worldwide.
Moreover, increasing prevalence of peripheral vascular disease (peripheral arterial disease and trauma is the second-leading cause of limb loss) is also expected to augment the prosthetic legs market growth. For instance, according to the Centers for Disease Control and Prevention, around 6.5 million people age 40 and older in the United States have peripheral vascular disease.
The prosthetic legs market is witnessing significant merger and acquisition (M&A) activities. For instance, in June 2020, Ossur completed acquisition of College Park Industries, a provider of lower and upper limb prostheses and supporting services. Moreover, in 2019, Ossur acquired the prosthesis technology from SpringActive to develop powered ankle prosthesis
Competitive Analysis:
Major players operating in the prosthetic legs market are The Ohio Willow Wood Co., Otto Bock HealthCare GmbH, Hanger Inc., Touch Bionics Inc., Ossur, and Blatchford Ltd.
Major players in the market are involved in different business strategies such as product launch, etc. to strengthen their product portfolio. For instance, in March 2019, NYQ announced the launch of the UNYQ Socket, a 3D printed prosthetic leg socket, providing individuals with the perfect product to complement their prosthetic cover.
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In this study, the years considered to estimate the market size of Prosthetic Legs are as follows:
History Year: 2017-2020
Base Year: 2020
Estimated Year: 2021
Forecast Year 2021 to 2028
The next part also sheds light on the gap between supply and consumption. Apart from the mentioned information, growth rate of Prosthetic Legs Market in 2028 is also explained. Additionally, type wise and application wise consumption tables and figures of Prosthetic Legs Market are also given.
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The post Prosthetic Legs Market 2021, Latest Trends, Top Key Players, Industry Segments, Size, Development and Opportunities to grow at a 4.7% CAGR, Regional Analysis and Top Leaders Share Forecast to 2027 appeared first on Gatorledger.
The article discusses the growth and trends in the prosthetic legs market from 2021 to 2027.
Major players include The Ohio Willow Wood Co., Otto Bock HealthCare GmbH, and Ossur.
Increasing sports injuries, road accidents, and diabetes-related amputations are key drivers.
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