The report is titled as ‘Above Knee Prosthetics Market: Opportunity Analysis and Future Assessment 2020-2028’. An overview of conceptual frameworks, analytical approaches of the above knee prosthetics market is the main objective of the report, which further consists of the market opportunity and insights of the data involved in the making of the respective market. The above knee prosthetics market is expected to grow at a significant rate in the near future.
The global above knee prosthetics market in 2020 is estimated for more than US$ 537.3 Mn and expected to reach a value of US$ 848.3 Mn by 2028 with a significant CAGR of 5.9%.
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Above Knee Prosthetics Introduction
It is quite challenging for those with amputated limbs to stay the course of normal life. More or less, the impaired competence to pull off various day-to-day chores can be constrained.
For over numerous years, prostheses have done a great service by means of assisting thousands of people to get hold of excellent quality prostheses by the use of advanced technology.
The advanced medical technology of prostheses comprises artificial limbs, which are basically replaced with the injured or impaired limbs such as arms or legs. The prosthetic implants can also be differentiated into four types: transtibial, transradial, transhumeral, and transfemoral prosthesis.
The transfemoral prosthesis, more commonly known as the above-knee prosthetics, can be understood as an artificial limb that takes the place of the amputated leg above the knee. The above-knee prosthesis or transfemoral prosthesis consists of a socket that can be affixed with the residual limb, shank, prosthetic knee, and foot-ankle aggregation.
In fact, patients with the above-knee prosthesis are required to apply over 80% more strength to walk in comparison to a normal person. The prostheses restore the impaired function of the body, thereby restores the physical and emotional strength of the patients across the world. Owing to which, the global above knee prosthetics market is projected to accelerate rapidly in the forthcoming years.
Above Knee Prosthetics Market Dynamics
Losing a limb can be legitimately traumatizing for the patients. The above knee amputations may happen for a range of reasons such as trauma, tumor, disease, infection, or unsuccessful knee replacements.
Apart from the physical and emotional consequences of limb amputation on the patient, the direct expenses of the lower limb amputation can be very heavy depending on the degree. More notably, the above-knee or transfemoral amputation is considered one of the most dreadful medical treatments a patient can receive. The patients with transfemoral amputations not only be deprived of physical function and emotional stability after amputation but also have altered knee kinematics during the swing phase of the prosthetic limb, which further induces unusual pelvic movements in the frontal plane even with the most modern and advanced microprocessor outfitted prosthetic knees available in the global market in the present-day world today.
Although, the numerous significant technological advances in the overall healthcare industry as well as in the development of transfemoral prosthesis with more new and advanced material are one of the major factors that is swiftly accelerating the demand for above-knee prosthetics in the health management sector. Attributable to which, the global above knee prosthetics market is projected to lift up substantially in the forthcoming future.
In addition to that, the above-knee prostheses are developed with lighter and stronger material, in the modern-day world, such as carbon fiber, silicon, or PVC, therefore cutting off the additional energy required to operate the limb, and hence gaining patient’s compliance across the world.
Owing to which, the global above knee prosthetics market is expected to witness various growth opportunities in the given timeframe.
Along with that, the growing number of geriatric population and associated prevalence of chronic diseases such as diabetes and vascular ailments among them, which are further elevating the count of amputations, thereby contributing to the stimulating demand of transfemoral or above knee prosthetics in the healthcare sector.
Hence, the global above knee prosthetics market is estimated to observe positive growth in the coming years. However, the low disposable income as well as the huge cost of prostheses, specifically in few developing regions, may hold back the growth of the global above knee prosthetics market to the boundaries over the forecast period.
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Above Knee Prosthetics Market Segmentation
The global above knee prosthetics market is, at first, segmented on the basis of product type into Knee, Leg, Foot, and Others. On the basis of patient type, the market is bifurcated into Adult and Pediatric. Furthermore, the global above knee prosthetics market is divided on the basis of end-users into Hospitals, Ambulatory Surgical Centers, Orthopedic Clinics, and Others. Lastly, the market is bifurcated on the basis of region into North America, Latin America, Middle East, Asia-Pacific, Africa, and Europe.
Above Knee Prosthetics Market Key Players
The key participating players of the global above knee prosthetics market are Össur hf, Ottobock SE & Co. KGaA, Dycor Technologies, Inc., PROTEOR Group, Blatchford Group, Fillauer LLC, Trulife, WillowWood Global LLC, Streifeneder ortho. production GmbH, Roadrunnerfoot Engineering SRL, Steeper, Inc., among others.
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