Published Date : 24 Oct 19 | Views: 43 | Industry : Life Science
Microprocessor foot to gain traction among the end users
The global Prosthetic Foot market has been segregated on the basis of product as mechanical foot and microprocessor foot. Demand for microprocessor foot is likely to increase among the end users as it offers high level of security, increased adaptability, and natural motion sequence. Microprocessor foot enables the ankle position to be altered with no need of a ground reaction force, thus making walking energy efficient and safer for the user. On the basis of application, the global Prosthetic Foot market has been bifurcated as juveniles and adult. Demand for Prosthetic Foot is increasing among juveniles due to need for frequent foot changes, which is attributed to rapid growth among them.
North America to maintain its superiority in the Prosthetic Foot market
Rapidly increasing demand for Prosthetic Foot in the US is positively impacting the market growth in North America. According to Amputee Coalition, an American non-profit organization, nearly 185,000 amputations occur in the US each year. Moreover, surge in the investments by the US government in the innovation of advanced Prosthetic Foot for warriors as well as veterans is anticipated to drive the Prosthetic Foot market in North America.
Key players having a strong foothold on the Prosthetic Foot market
Roadrunnerfoot,Ottobock, Fillauer, Ossur, Blatchford, WillowWood, Proteor, College Park, Streifeneder KG, Trulife, Dycor Manufacturing, Inc., and Protuni are some of the key players operating in the Prosthetic Foot market.
Increasing amputation cases across the globe to drive the Prosthetic Foot market
Surge in the number of amputation cases across the globe and product innovations are some of the key factors driving the Prosthetic Foot market. Moreover, associations like Centres for Disease Control and Amputee Coalition are taking initiatives to encourage funding and purchases of Prosthetic Foot. This in turn, is opening growth opportunities for the Prosthetic Foot market. Mischances, conditions like appendage disease, serious wounds and destructive tumours in the bone, and frostbite are driving the demand for Prosthetic Foot. Corpulence, diabetes, peripheral arterial disease, vascular malady, stroke, and joint pain are raising the number of removal cases. However, heavy weight of the product may hinder the Prosthetic Foot market growth.