In medicine, prosthesis is an artificial device that replaces a missing body part, which may be lost through trauma, disease, or congenital conditions. Prosthetics are intended to restore the normal functions of the missing body part. Over the past decade, technology and research have greatly expanded the functionality and aesthetics of prosthetic feet. Today, amputees have a wide array of feet from which to choose.
Various models are designed for activities ranging from walking, dancing and running to cycling, golfing, swimming and even snow skiing. Heavier wood and steel materials have been replaced over the years by lightweight plastics, metal alloys and carbon-fiber composites. Much like the human foot, many of today’s prosthetic feet can store and return some of the energy generated during walking. Other key attributes included toe and heel springs that allow more natural movement at the ankle, shock absorption, multi-axial rotation, adjustable heel heights, and waterproof materials.
In the last several years, global market of Prosthetic Foot developed rapidly, with an average growth rate of 6.92% during 2014 to 2018. In 2018, global revenue of Prosthetic Foot is nearly 785 M USD; the actual production is about 220 K Unit.
The global average price of Prosthetic Foot
is in the increasing trend, from 3.51 K USD/Unit in 2014 to 3.58 K USD/Unit in 2018. With the situation of global economy, prices will be in increasing trend in the following five years.
The classification of Prosthetic Foot includes mechanical?foot and microprocessor?foot, and the sales proportion of mechanical?foot in 2018 is about 83%.
Prosthetic Foot is widely used in for adults and juveniles. The most proportion of Prosthetic Foot is used for adults, and the proportion in 2018 is about 91%.
Europe is the largest consumption place, with a consumption market share nearly 43.1% in 2018. Following Europe, North America is the second largest consumption place with the consumption market share of 34.4%.
Market competition is intense. Ottobock, Ossur, Fillauer, Proteor, Blatchford, WillowWood, College Park, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers.