The global advanced prosthetics and exoskeletons market is projected to reach a market size of USD 5.43 Billion by 2028 at a robust double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Some key factors driving market growth are increasing initiatives to drive awareness about benefits and advantages of advanced prosthetics, government and NGO-funded programs and activities related to these solutions and deployment, as well as rising investments in the healthcare sector worldwide, among others.
Advanced prostheses are designed to appear as life-like as possible, and rapidly evolving and advancing technologies in this field are further driving adoption of these solutions in the healthcare industry. Advanced prosthetics are available in different designs, but most have similar parts and components. Some parts are sockets, suspension mechanism, shafts, foot, hand or hook, and others designed for cosmetic enhancement purposes.
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An exoskeleton is an external frame worn to support the body and assists a wearer in overcoming mobility limitations causative of injury or amputation, or to enhance biological capacities. Robotic exoskeletons have emerged as a rehabilitation tool that can improve mobility-related challenges resulting from spinal cord injury. Different types of exoskeletons are currently commercially available for SCI rehabilitation for a varying type of injuries and handicaps.
The Global Advanced Prosthetics and Exoskeletons Market research study is an extensive collection of insightful information about the Advanced Prosthetics and Exoskeletons Market industry. The report covers the Advanced Prosthetics and Exoskeletons Market segmentation along with a detailed outline of the Advanced Prosthetics and Exoskeletons Market size with regards to volume and valuation. The report provides comprehensive coverage of the Advanced Prosthetics and Exoskeletons Market scenario for the current period and forecast timeline of 2021-2028.
Some major companies in the global market report include
Bionik Laboratories Corporation, ReWalk Robotics, AlterG Inc., Bauerfeind AG, Cyberdyne Inc., DJO Global Inc., DeRoyal Industries Inc., Blatchford Group, Ossur hf, and Willow Wood Global LLC. among others.
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Emergen Research has segmented the global advanced prosthetics and exoskeletons market based on product type, application, mobility, and region:
Product Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2018–2028)
Lower Limb
Upper Limb
Full Body
Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2018–2028)
Hospitals
Clinics
Orthotic and Prosthetic Centers
Others
Mobility Outlook (Revenue: USD Billion; Volume: Thousand Units; 2018–2028)
Stationary
Mobile
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Regional segmentation comprises of a current and forecast estimation of the market in the key geographical regions such as North America, Europe, Asia Pacific, Latin America, and Middle East Africa.
Regional Outlook of Advanced Prosthetics and Exoskeletons Market:
North America
U.S.
Canada
Mexico
Europe
Germany
U.K.
Italy
France
BENELUX
Rest of Europe
Asia Pacific
China
India
Japan
South Korea
Rest of APAC
Latin America
Brazil
Rest of LATAM
Middle East Africa
Saudi Arabia
U.A.E.
South Africa
Rest of MEA
Objectives of the Report:
Study of the global Advanced Prosthetics and Exoskeletons market size by key regions, types, and applications with reference to historical data (2017-2019) and forecast (2021-2028)
Industrial structure analysis of the Advanced Prosthetics and Exoskeletons market by identification of various sub-segments
Extensive analysis of key market players along with their SWOT analysis
Competitive landscape bench marking
Analysis of Advanced Prosthetics and Exoskeletons market based on growth trends, futuristic outlook, and contribution to the total growth of the market
Analysis of drivers, constraints, opportunities, challenges, and risks in the global Advanced Prosthetics and Exoskeletons market
Comprehensive analysis of competitive developments such as expansions, agreements, new product launches, and other strategic alliances
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