Passive Prosthetics Market research Prophesied to Grow at a Faster Pace by 2019 – 2029

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Future Market Insights

Attempts have been made by man to develop passive prosthetics from the beginning time of the loss of organs for cosmetic restoration. A Roman general named Marcus Sergius used a passive prosthetic hand to successfully return into the battle. Passive prosthetics can be of two types, static or adjustable. Nowadays, unlike the static (passive) prosthetics, the adjustable (passive) prosthetics offer more recognition in the market due to its adjustable mechanisms. There are various types of passive prosthetics available in the market to substitute different body parts such as silicon ear, prosthetic foot, prosthetic knee, prosthetic legs, prosthetic hand, passive prosthetic arm etc. However, it is expected as a great choice among the users who do not require specific control or grasp but still seek a cosmetically pleasing body part. Organizations, such as the International Committee of the Red Cross (ICRC), involved in creating passive prosthetic devices for developing countries. Countries such as the US, UK, Australia, India, China, Nepal, and New Zealand are currently engaged in making of low cost passive prosthetic devices for making them attainable for many amputees.

Passive Prosthetics Market: Drivers and Restraints

The absence of body parts/organs due to genetic or physical damage influenced social as well as the psychological state of human life. These conditions drive the demand for passive prosthetic devices particularly in cosmetics around the world. The awareness among the individuals about the appealing look by substituting the missed organs drives the demand for passive prosthetic devices in the developing as well as developed countries. Though, the idea of substituting the organs artificially very appealing, still the passive prosthetic devices suffered a high rejection rate. The advancement of active prosthetic devices and fragile design, insufficient functionality of hardware’s resulting little attention of the passive prosthetic devices to the clients.  Also, due to the advancement of the active prosthetic devices with several degrees of freedom and advances in robotic technologies expected to hamper the demand for the passive prosthetics.

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Passive Prosthetics Market: Overview

The manufacturing of passive prosthetic devices is growing rapidly in last few years. The advancement of technology, availability of durable and high-quality materials and the consciousness among the people gradually increasing the manufacturing of the passive prosthetic devices. However, considering the importance of the passive prosthetic devices in human psychology as well as social life more technological advancement is required to optimize the quality, durability and functionality for high user adoption rate.

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Passive Prosthetics Market: Region-wise outlook

The U.S. is expected as the leading market of passive prosthetic products due to a greater degree of awareness and among the people of this region to substitute the physical disability using passive prosthetic devices for their social life. The use of passive prosthetic products is descent in Europe and several Middle East countries. However, the South Asian countries such as India and China, the physical damage and genetic disability rate is high with high population and low awareness among the peoples about the road safety, which is expected to provide huge growth opportunities of passive prosthetic product to the market players.

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Passive Prosthetics Market: Key Market Participants

Examples of some of the key market participants operating in the passive prosthetics market are COAPT LLC, Ossur (Ossur Americas), Fillauer LLC (Fillauer Companies, Inc.), Ottobock (Otto Bock Holding GmbH & Co. KG), WillowWood Global LLC, Endolite India Ltd (Prime Group), College Park Industries, Steeper Inc., TRS Inc., comprehensive prosthetics & orthotics USA, Liberating Technologies, Inc.,

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