Market Trends of Prosthetic Liners Industry
This section covers the major market trends shaping the Prosthetic Liners Market according to our research experts:
The Silicone Segment is Expected to Witness a Significant Growth in Prosthetic Liners Market Over the Forecast Period
The silicone segment is expected to grow at a significant rate in the prosthetic liners market over the forecast period. Silicon liners provide high stability and good adhesion to the limb. Also, they offer a better suspension of the prosthesis, protection of the stump skin, and improved cosmetic appearance. Furthermore, factors such as the rising number of accidents and government initiatives to develop prosthetic liners are boosting segment growth over the forecast period.
Moreover, research and development in silicone liners are likely to increase the opportunities for the segment over the forecast period. For instance, as per the article published in June 2022 by Medicine journal, the most common upper limb amputations are finger amputations, which are usually the result of traumatic injuries. Moreover, finger amputations are significantly more prevalent than arm amputations. As a result, silicone cosmetic prostheses have been commonly used for finger amputation cases. Hence, in such scenarios, the adoption of silicone prosthetic liners is likely to be increased driving the market growth over the forecast period. Furthermore, the increasing number of road injuries is expected to drive market growth. For instance, as per the NCRB 2021 report, traffic accidents that occurred in India comprised 4,03,116 road accidents, 17,993 railway accidents, and 1,550 railway crossing accidents in 2021. Adding to that, as per the Government of UK September 2022 update, there were 66,236 casualties reported within the injury-based reporting system police forces in 2021, an increase from 53,713 casualties in 2020.
Hence, due to the rise in the number of road accidents and the increase in research and development in silicone liners, the studied segment is anticipated to witness growth in the prosthetic liners market over the forecast period.
North America is Expected to Witness a Growth in the Prosthetic Liners Market Over the Forecast Period
North America is expected to witness growth in the prosthetic liners market, owing to the increasing number of road accidents and the rise in government initiatives related to prosthetic liners. For instance, as per the 2022 update from Association for Safe International Road Travel, around 4.4 million people in road crashes suffered from serious injuries that require medical attention. A large number of accidents in the North American region is expected to boost the growth of the studied market over the forecast period.
Furthermore, government initiatives related to prosthetic liners are expected to positively impact the market. For instance, in July 2022, FDA provided a regulatory framework for the 3D printing of medical devices at the point of care. The technology enables the customization of medical products such as anatomical models, surgical guides, and prostheses for the specific needs of individual patients at the treatment site. Furthermore, research and development regarding the advancement of prosthetic liners are anticipated to boost market growth. For instance, an article published in Science Daily in June 2022 stated that, typically, the post-amputation prosthesis comprises fabric and silicone liners that can be added or removed to increase the patient's comfort. Scientists from the American Institute of Physics revealed their development of a new type of prosthetic using microfluidics-enabled soft robotics that promises to greatly reduce skin ulcerations and pain in patients who have had an amputation between the ankle and knee.
Thus, due to the rise in the number of road accidents, and the increase in research and development in prosthetic liners, North America is anticipated to witness growth in the prosthetic liners market over the forecast period.
