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Global Prosthetics Market Projected to Reach $2.30 Billion by 2023: A Comprehensive Analysis of Key Drivers and Challenges - ResearchAndMarkets.com

Retrieved on: 
Tuesday, October 24, 2023
Robotics, Medical Devices, Health, Technology, General Health, Biotechnology, 3D, Willowwood Arboretum, Ageing, Incidence, Bone tumor, Obesity, Use, Prevalence, Diabetes, Trauma, Hanger, Inc., Artificial intelligence, Quality of life, Injury, Growth, Life expectancy, COVID-19, Hospital, Accident, Ankle, Investment, Patient, Dentistry, Medical device, Prosthesis

The global prosthetics market is divided into four regions:

Key Points: 
  • The global prosthetics market is divided into four regions:
    North America leads the market, driven by an increasing prevalence of orthopedic injuries, growing trauma cases, and the rise in obesity contributing to diabetes.
  • Europe presents strong growth potential, primarily due to rising life expectancy, an aging population, and an increase in road injuries.
  • The COVID-19 pandemic initially posed challenges to the prosthetics market, with disruptions in supply chains and restrictions on elective medical procedures.
  • The global prosthetics market is moderately concentrated, with leading companies pursuing growth strategies such as mergers, acquisitions, collaborations, and agreements.

Leading Prosthetics Device Manufacturer WillowWood Global releases myoelectric prosthetic liner with Coapt

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Monday, May 8, 2023
Partnership, Defense, Electronics, Ascending limb of loop of Henle, Complete Control, Research and development, Patient, Machine learning, Willowwood Arboretum, Department of Defence, Skin, Dentistry, Methyl cyanoacrylate, Research

MOUNT STERLING, Ohio, May 8, 2023 /PRNewswire/ -- WillowWood Global LLC ("WillowWood"), a leading designer, manufacturer, and distributor of prosthetic products, today announced that it has released the Alpha Control Liner System in collaboration with Coapt LLC, the first prosthetic liner with embedded electronics.

Key Points: 
  • MOUNT STERLING, Ohio, May 8, 2023 /PRNewswire/ -- WillowWood Global LLC ("WillowWood"), a leading designer, manufacturer, and distributor of prosthetic products, today announced that it has released the Alpha Control Liner System in collaboration with Coapt LLC, the first prosthetic liner with embedded electronics.
  • The Alpha Control Liner System benefits individuals utilizing a myoelectric prosthesis by enabling more comfortable and consistent electrode contact with the skin, therefore providing better functional control of the prosthesis.
  • The robust and high quality myoelectric signals from the Alpha Control Liner System enable peak performance of Coapt's Complete Control System.
  • This partnership with WillowWood brings together revolutionary liner technology and best-in-class myoelectric technology to define the new gold standard for prosthesis control," says Blair Lock, CEO of Coapt.

Leading Prosthetics Device Manufacturer WillowWood Global and Reboocon Bionics form Strategic Alliance for the US market.

Retrieved on: 
Tuesday, January 10, 2023
Partnership, Algorithm, Strategic alliance, Joint, Willowwood Arboretum, Research, R, Patient, Human, Management

MOUNT STERLING, Ohio, Jan. 10, 2023 /PRNewswire/ -- WillowWood Global LLC ("WillowWood"), a leading designer, manufacturer, and distributor of prosthetic products, today announced that it has formed a Strategic Alliance with Reboocon Bionics B.V. ("Reboocon") the inventor and manufacturer of the motorized prosthetic knee, INTUY® Knee.

Key Points: 
  • MOUNT STERLING, Ohio, Jan. 10, 2023 /PRNewswire/ -- WillowWood Global LLC ("WillowWood"), a leading designer, manufacturer, and distributor of prosthetic products, today announced that it has formed a Strategic Alliance with Reboocon Bionics B.V. ("Reboocon") the inventor and manufacturer of the motorized prosthetic knee, INTUY® Knee.
  • The Alliance will focus on outcomes research, exclusive US market distribution as well as R&D collaboration to advance the next generation of the technology.
  • Alliance will focus on research, exclusive US distribution, and advancement of motorized device technology.
  • "The world of prosthetics is unquestionably moving away from passive toward powered technology, which compelled us to partner with Reboocon given their strategic focus.