Global Prosthetic Liners Market to Witness Robust Growth as Icelandic Orthopedic Equipment Manufacturer Össur HF Completes Acquisition of College Park Industries Inc.

 

Prosthetic Liners were originally created for the medical field. They have now become mainstream and are available in a variety of applications. These include linings for sports uniforms and comfort under clothes. The advantage of using Prosthetic Liners at home and office is that they give many benefits including comfort and hygiene. The Liners may be made of synthetic material and may be used to address all of the conditions that may be problematic with traditional materials. The primary use for prosthetic liners is to provide padding and support when an athlete is wearing an artificial leg.

Increasing adoption of prostheses to rehabilitate amputees is expected to drive growth of the global prosthetic liners market during the forecast period. According to the Amputee Coalition of America estimates that there around 185,000 new lower extremity amputations in the U.S. each year with around 2 million amputees across the country. The majority of the limb loss in the U.S. is due to diabetes, trauma, peripheral arterial disease, and cancer. Such amputees require prosthesis that allows stable and safer standing and sitting, full range of joint movement, longer walking distances, and a sense of the artificial limb belonging to the body. As a result of this, the demand for prosthetic liners has increased significantly. They can be used as a protective cover on a residual limb to protect skin abrasions and reduce bone pressure. Thus, these factors are expected to drive growth of the global prosthetic liners market during the forecast period. Moreover, the continuous development of new materials such as copolymer, silicone, and polyurethane is expected to boost the global prosthetic liners market growth over the forecast period. 

However, stringent government regulations and product approval standards are expected to hamper the global prosthetic liners market growth over the forecast period. Among regions, North America is expected to witness significant growth in the global prosthetic liners market during the forecast period. This is owing to the presence of major industry players such as Silipos, College Park Industries, and WillowWood Global LLC across the region. Moreover, Asia Pacific is expected to register a robust growth rate over the forecast period, owing to increasing government initiatives for the rehabilitation of amputees in the region. 

Major companies involved in the global prosthetic liners market are Ottobock SE & Co. KGaA, College Park Industries Inc., Össur HF, ST&G USA Corporation, WillowWood Global LLC, Streifeneder USA Inc., ALPS South, Fillauer Inc., and Chas. A. Blatchford & Sons Ltd.

For instance, in July 2019, Össur HF, an Iceland-based orthopedic equipment manufacturer, acquired College Park Industries Inc., a provider of upper and lower limb prostheses and supporting devices.