Prosthetic Liners Market Size, Share, Trends, Growth, Production, Consumption, Revenue, Company Analysis and Forecast 2021-2028

Published Date : Jan 2021 | No. of Pages : 250 Pages | Category : Healthcare

The global Prosthetic Liners market size is expected to be worth around US$ 369.90 million by 2028, according to a new report by Vision Research Reports.

The global Prosthetic Liners market size was valued at US$ 246.50 million in 2020 and is anticipated to grow at a CAGR of 5.6% during forecast period 2021 to 2028.

Growth Factors

Rising prevalence of osteoarthritis, orthopedic injuries and other extremities that require prosthetics is expected to drive the product demand.

In addition, a paradigm shift toward cost-effective and durable materials used in prosthetic procedures is anticipated to fuel the market growth. Rise in road traffic accidents and sports injuries can be attributed to the growing demand for prosthetic procedures. This factor is projected to drive the demand for prosthetic liners over the forecast period.

Strategic initiatives such as technologically advanced product launch, mergers & acquisitions, and collaborative agreements are adopted by the market participants to gain greater market share. For instance, in July 2018, Blatchford announced the launch of Orion3 programming app for clinicians via Bluetooth for enabling faster and straight forward limb setup available on iOS. This innovative app provides reliable connectivity. Such initiatives are expected to boost the growth of the prosthetic liners market over the forecast period.

Report Highlights

Silicone held the largest market share in 2020 owing to the benefits associated with the usage of this material. Silicone prosthetic liners are durable and easy to clean. They are easy to use and can provide better comfort for all activity levels, which in turn is projected to drive the demand from active amputees. Product innovation is projected to further fuel segment growth. For instance, Össur recently introduced a new soft silicone product called Iceross Comfort Locking liner with the silken inner surface with ample cushioning for added comfort.

The growth is driven by various factors including increasing incidence of orthopedic injuries, the introduction of advanced materials such as Thermoplastic Elastomer (TPE), and polyurethane among others for manufacturing liners, and improving healthcare infrastructure in developing countries. Also, rising awareness among patients regarding the advantages of prosthetic liners has resulted in increased product adoption.

Upper extremity held the dominant market share of above 55.0% in 2020. The liner enables rapid and painless recovery, which is expected to bode well for market growth. Ottobock Silicone Arm Liner with Chemical Vapor Deposition (CVD) coating made of silicone and the custom-made socket has anti-friction properties which make wearing it easy. Such innovations are anticipated to bode well for segment growth.

The lower extremity liner segment is projected to register the fastest CAGR over the forecast period. These liners are mostly used for patients with uncharacteristic residual limb outlines. These offer a tailored solution, with customized gel profiles for a comfortable fit. Such advantages are anticipated to provide lucrative growth opportunities in near future.

Besides, an increase in the incidence of lower extremities is projected to drive the segment growth. According to an article published by the National Center for Biotechnology Information (NCBI) in 2017, it was reported that approximately 52.4% out of 435 lower-limb amputees reported falling at least once in a year, and around 39.5% reported falling two or more times leading to injuries demanding lower extremity prosthetic liners.

The Center for Limb Loss and Mobility (CLiMB) in the U.S., Seattle is a research group focused on helping veterans who are disabled or experience leg and/or foot loss, by enhancing their ability to move around. Moreover, the center aims to reduce the frequency of limb loss and functional activities by identifying diseases that result in impaired limb function and by increasingly introducing state-of-the-art technologies. The rising number of such research centers involved in enhancing the functional activities of amputees is projected to drive the market growth.

North America held the dominant market share and was valued at USD 115.08 million in 2020. The growth is attributed to the presence of leading players such as Willow Wood Global LLC, ALPS South LLC, and other such well-established players in the region. The companies adopt various strategies such as mergers, acquisitions, collaborations, and new product launches to maintain their dominance.

The Asia Pacific is anticipated to witness robust growth owing to increasing government initiatives, rehabilitation services for amputees, and improving healthcare infrastructure. Moreover, factors such as advancements in diagnostic technologies and the adoption of sophisticated healthcare facilities are anticipated to fuel the growth. 

Key Players

Zimmer Biomet Holdings, Inc.; Blathford Inc.; Ottobock Healthcare GmbH; Fillauer LLC; and Willow Wood Company. Market leaders focus on the development of cost-effective, durable, and user-friendly products to gain a competitive edge.

Market Segmentation

  • Material Outlook 

    • Silicone

    • Thermoplastic Elastomer (TPE)

    • Others

  • Application Outlook 

    • Upper Extremity

    • Lower Extremity

  • End-Use Outlook 

    • Hospitals

    • Prosthetic Clinics

    • Others

  • Regional Outlook

    • North America

      • The U.S.

      • Canada

    • Europe

      • U.K.

      • Germany

      • France

      • Italy

      • Spain

      • Russia

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

      • Singapore

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • Middle East & Africa

      • South Africa

      • Saudi Arabia

      • UAE

The Prosthetic Liners market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Prosthetic Liners market for the base year 2020 and the forecast between 2021 and 2028. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Prosthetic Liners market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Prosthetic Liners market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Prosthetic Liners market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Prosthetic Liners capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Prosthetic Liners by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Prosthetic Liners market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2028. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Prosthetic Liners market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Prosthetic Liners market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Prosthetic Liners industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Prosthetic Liners market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Prosthetic Liners market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Prosthetic Liners market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Prosthetic Liners market. These factors have benefited the growth of the global market for Prosthetic Liners. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Prosthetic Liners. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Prosthetic Liners are as follows:

  • Historic Year: 2017-2020
  • Base Year: 2020
  • Forecast Year 2021 to 2028

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

Market Size Estimation

Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).

The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.

Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.

All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.

Market Breakdown and Data Triangulation

After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.

Secondary Sources

Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.

Primary Sources

 In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.

The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.

The study objectives of this report are:

  • To analyze and study the global market capacity, production, value, consumption, status (2017-2020) and forecast (2021-2028);
  • Focuses on the key manufacturers, to study the capacity, production, value, market share and development plans in future.
  • Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
  • To define, describe and forecast the market by type, application and region.
  • To analyze the global and key regions market potential and advantage, opportunity and challenge, restraints and risks.
  • To identify significant trends and factors driving or inhibiting the market growth.
  • To analyze the opportunities in the market for stakeholders by identifying the high growth segments.
  • To strategically analyze each submarket with respect to individual growth trend and their contribution to the market
  • To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market
  • To strategically profile the key players and comprehensively analyze their growth strategies.

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