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Published by: Frost & Sullivan
Published: Sep. 10, 2007 - 58 Pages
Table of Contents
- 1. Executive Summary
- 1. Introduction and Executive Summary
- 1. Executive Summary
- 2. Total U.S. Lower Extremity Prosthetics Market
- 1. Introduction
- 1. Scope and Segmentation
- 2. Research Methodology
- 2. Total Market Dynamics
- 1. Industry Challenges and Strategies
- 2. Reimbursement Issues
- 3. Forecasts and Analysis
- 1. Procedure Forecasts
- 3. U.S. Lower Extremity Prosthetic Devices Market
- 1. Overview
- 1. Introduction
- 2. Technology Trends
- 1. Prosthesis Componentry I
- 2. Prosthesis Componentry II
- 3. Technological Landscape
- 3. Market Dynamics
- 1. Market Engineering Measurements
- 2. Market Drivers
- a. Increasing Amputee Population Boosts Sale of Prosthesis Propelling Revenue Growth.
- b. Developments in Technology Augment Quality Prosthesis Instigating Market Growth
- c. Improvised Body Armor Used during War Creates Opportunity for Lower Extremity Prosthesis
- d. Advancements in Cosmesis and Aesthetically Attractive Prosthesis Enhance Amputee Acceptance
- 3. Market Restraints
- a. High Pricing of Products Restricts Consumer Choice of Prosthesis and Dampens Growth
- b. Early Diagnosis and Alternative Technologies Decrease Risk of Amputation Impeding Growth
- c. Increasing Health Awareness and Safety Measures likely to Diminish Amputations Numbers
- d. Implementation of Osseointegration likely to Curb Existing Market Growth
- 4. Forecasts and Analysis
- 1. Revenue Forecasts
- 5. Competitive Analysis
- 1. Competitive Structure
- 2. Market Share Analysis
- 4. U.S. Lower Extremity Prosthetic Service Providers Market
- 1. Overview
- 1. Introduction
- 2. Market Dynamics
- 1. Market Engineering Measurements
- 2. Market Drivers
- 3. Market Restraints
- 3. Forecasts and Analysis
- 1. Revenue Forecasts
- 4. Competitive Analysis
- 1. Market Landscape
- 5. Appendix
- 1. Decision Support Database
- 1. Total Population Aged 65 Years and Above
- 2. Prevalence of Obese Population
- List of Figures
- Chapter 2
- Total Lower Extremity Prosthetics Market: Major Industry Challenges and Recommended Strategies (U.S.), 2007-2013
- Total Lower Extremity Prosthetics Market: Amputation Procedure Forecasts (U.S.), 2002-2012
- Chapter 3
- Lower Extremity Prosthetic Devices Market: Market Drivers Ranked in Order of Impact (U.S.), 2007-2013
- Lower Extremity Prosthetic Devices Market: Market Restraints Ranked in Order of Impact (U.S.), 2007-2013
- Lower Extremity Prosthetic Devices Market: Revenue Forecasts (U.S.), 2003-2013
- Lower Extremity Prosthetic Devices Market: Competitive Structure (U.S.), 2006
- Lower Extremity Prosthetic Devices Market: Company Market Share by Revenues (U.S.), 2006
- Chapter 4
- Lower Extremity Prosthetic Service Providers Market: Market Drivers Ranked in Order of Impact (U.S.), 2007-2013
- Lower Extremity Prosthetic Service Providers Market: Market Restraints Ranked in Order of Impact (U.S.), 2007-2013
- Lower Extremity Prosthetic Service Providers Market: Revenue Forecasts (U.S.), 2003-2013
- Lower Extremity Prosthetic Service Providers Market: Competitive Structure (U.S.), 2006
AbstractResearch Overview
This Frost & Sullivan research service titled U.S. Lower Extremity Prosthetics Markets provides a detailed analysis of the market trends, dynamics and revenues prevalent in this market. In this research, Frost & Sullivan's expert analysts thoroughly examine the following markets: lower extremity prosthetic devices and lower extremity prosthetic service providers.
Market Sectors
Expert Frost & Sullivan analysts thoroughly examine the following market sectors in this research service:
- Lower extremity prosthetic devices
- Lower extremity prosthetic service providers
Market Overview
Major Technological Advancements Drive Prosthetics Market
Outstanding innovative advancements in technology have catalyzed the modernization of prosthetics, spurring a significant growth in the prosthetics market. Thanks to these developments, today’s prosthetic devices cater to the specific needs of patients. Products ranging from conventional knees to energy-storing feet help amputees lead normal and productive lives.
"The impact of technology on this market is tremendous and it is likely to continue for the next few years in response to novel innovations such as bionic technology, sensor technology, artificial intelligence, and micromechatronics," observes the analyst of this research service.
Growing Consumer Base of Amputees Drives Market with Demand for Improvement in Quality of Life
The prosthetics market is driven by the occurrence of disease, war, and accidents. Diabetes and peripheral vascular diseases rank as the number one cause of amputation in the United States, where an average 140,000 amputations are performed annually, thus increasing the consumer base and presenting opportunities for service providers. The incredible demand for restoring mobility and independence from amputees including a growing number of amputee soldiers impacts the market positively, urging manufacturers to address their issue.
However, market growth is dampened by the high price of prosthetics and reimbursement issues. Owing to restricted coverage, consumers opt for lower costing prosthetics that are less effective. "The high cost of innovative prosthesis creates a dearth in the market, which cannot be overcome by out-of-pocket payments," opines the analyst. "Currently, this restraint has a significant impact, but is likely to change with respect to changes in federal policies."
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