Prosthetic Liners Market- Trends, Business Challenges, Market Opportunities, Global Industry Forecast & Analysis by 2028
The global prosthetic liners market is expected to reach USD 276.7 million by 2028 at a CAGR of 5.4% during the forecast period.
Increasing support in terms of money from the domestic government regarding pharmaco-genomics-based drug recovery is the primary factor for the growth in the demand for the product in the market. Also, the rapid growth in multiple therapeutic areas such as pain management, infectious diseases, cardiology, and oncology are further propelled the market growth of prosthetic liners in the future.
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The prosthetic liner may be a protective covering worn over a residual limb. It’s made up of a versatile cushioning material, which reduces chafing and movement between the socket and therefore the skin. Liners are the simplest available means of reducing bone pressure, preventing skin abrasions within the prosthesis, and improving socket suspension for amputees. Modern-day liners are equipped with special features like antibacterial shields and additives, anatomical shaping, textile outer layers for easier application, and puncture resistant formulas. Selecting the proper liner helps ensure a correct fit and luxury for the amputees. Standard models are available in three primary materials: silicone liners, polyurethane liners, and copolymer liner.
Key Factors Impacting the Growth of Prosthetic Liners Market:
o Increase in government funding for pharmacogenomics-based drug recovery.
o The rapid growth in multiple therapeutic areas.
Segmentation for better understanding of this market and its growth prospects:
The prosthetic liners market segmentation is based on material, location, end user, and region.
Based on material, the prosthetic liners market is segmented into silicone liners, polyurethane liners, and copolymers. The silicone liners segment is going to dominate the market owing to its durability and easy to clean feature.
Based on location, the prosthetic liners market is segmented into upper extremity liners and lower extremity liners. The upper extremity liners segment is expected to dominate the market in 2018 and expected to dominate the market during the forecast period owing to increase in demand for liner enables rapid and painless recovery.
Based on the end user, the prosthetic liners market is segmented into prosthetic clinics, hospitals, rehabilitation centers, and others. The prosthetic clinics segment are expected grow at the highest CAGR during the forecast period. The growth of the segment is driven by an increased number of orthopedic surgeries performed in these facilities.
Regional segmentation and analysis to understand growth patterns:
The market has been segmented in major regions to understand the global development and demand patterns of this market.
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Based on the region, the global prosthetic liners market has been segmented by North America, Western Europe, Eastern Europe, Asia Pacific, Middle East, & Rest of the World. In 2018, North America accounts for the most important market share in terms of revenue, followed by Europe. The dominance of those two regions are often attributed to the rising geriatric population, high acceptance of premium-priced innovative prosthetic devices, and therefore the growing incidence of road accidents.
Emerging markets within the Asia Pacific are expected to witness strong growth due to increasing government initiatives for amputee rehabilitation and a rise in health care infrastructure. Moreover, the adoption of latest and complicated technologies, advances in diagnostic technologies, and increasing partnership between government and personal players and clinical laboratories for the event of advanced prosthetic liners are anticipated to propel the market during the forecast period.
This report provides:
1) An overview of the global market for prosthetic liners market and related technologies.
2) Analysis of global market trends, yearly estimates and annual growth rate projections for compounds (CAGRs).
3) Identification of new market opportunities and targeted consumer marketing strategies for Global prosthetic liners market.
4) Analysis of R&D and demand for new technologies and new applications
5) Extensive company profiles of key players in industry.
The researchers have studied the market in depth and have developed important segments such as product type, application and region. Each and every segment and its sub-segments are analyzed based on their market share, growth prospects and CAGR. Each market segment offers in-depth, both qualitative and quantitative information on market outlook.
Market Segmentation:
Based on the Material
o Silicone Liners
o Polyurethane Liners
o Copolymers
Based on the Location
o Upper Extremity Liners
o Lower Extremity Liners
Based on the End User
o Prosthetic Clinics
o Hospitals
o Rehabilitation Centers
o Others
By Region:
North America
o By Country (US, Canada, Mexico)
o By Material
o By Location
o By End User
Western Europe
o By Country (Germany, UK, France, Italy, Spain, Rest of Western Europe)
o By Material
o By Location
o By End User
Eastern Europe
o By Country (Russia, Turkey, Rest of Eastern Europe)
o By Material
o By Location
o By End User
Asia Pacific
o By Country (China, Japan, India, South Korea, Australia, Rest of Asia Pacific)
o By Material
o By Location
o By End User
Middle East
o By Country (UAE, Saudi Arabia, Qatar, Iran, Rest of Middle East)
o By Material
o By Location
o By End User
Rest of the World
o By Region (South America, Africa)
o By Material
o By Location
o By End User
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