Robotic Prosthetics Market In US 2023-2027
Technavio has been monitoring the robotic prosthetics market in US and is forecast to grow by USD 68.11 mn during 2022-2027, accelerating at a CAGR of 7.12% during the forecast period. Our report on the robotic prosthetics market provides a holistic analysis, market size, and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by a growing target population and focuses on restoring the mobility and independence of amputees, increasing demand for customized prosthetics, and growing funding and number of financial assistance initiatives for prosthetics.
Technavio's robotic prosthetics market is segmented as below:
By End-user
- Orthotic and prosthetic clinics
- Hospitals
- Specialty orthopedic centers
By Product
- Lower limb robotic prosthetics
- Upper limb robotic prosthetics
This study identifies the increasing number of technological advances and R and D activities as one of the prime reasons driving the robotic prosthetics market growth during the next few years. Also, the emergence of mind-controlled harmonics and growing demand for myoelectric prosthetics will lead to sizable demand in the market.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on the robotic prosthetics market covers the following areas:
- Robotic prosthetics market sizing
- Robotic prosthetics market forecast
- Robotic prosthetics market industry analysis
Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading robotic prosthetics market vendors that include Aether Biomedical sp. z o.o., Blatchford Ltd., Click Medical LLC, DEKA Research and Development Corp., Fillauer LLC, Hanger Inc, HDT Global, Mobius Bionics LLC, Ossur hf, Ottobock SE and Co. KGaA, Steeper Inc., and Trulife. Also, the robotic prosthetics market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.