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Global Prosthetic Foot Market to Reach above US$ 1240 Mn by 2025 End

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 Published Date : 24 Oct 19   |   Views: 21   |  Industry : Life Science

Global Prosthetic Foot Market to Reach above US$ 1240 Mn by 2025 End

The global Prosthetic Foot market is expected to benefit from the rise in the number of amputation and removal cases across the globe. Prosthetic Foot is designed to mimic a human foot, particularly for people who cannot walk or have lost the leg through disease, trauma, or congenital conditions. Prosthetic Foot is intended to restore the normal functioning of the leg. Manufacturers are developing Prosthetic Foot considering factors such as precise control, low cost, ease of use, sufficient performance, and safety. QYR Consulting has lately published a new report titled, “Global Prosthetic Foot Market Report: Company Analysis, History and Future Overview, Global Sales Trends by 2025.” According to the report, the global Prosthetic Foot market was more than US$ 750 Mn in 2018 and is anticipated to reach above US$ 1240 Mn by the end of 2025. The global Prosthetic Foot market is anticipated to exhibit a healthy CAGR of 6.8% during the forecast period of 6 years, i.e. between 2019 and 2025.

Segmental Analysis

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. 

Global Prosthetic Foot Market to Reach above US$ 1240 Mn by 2025 End

North America

Global Prosthetic Foot Market to Reach above US$ 1240 Mn by 2025 End

Regional Analysis


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


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. 


Global Prosthetic Foot Market to Reach above US$ 1240 Mn by 2025 End

Global CAGR During 2019-2025


6.8%

Market Dynamics


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. 


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