The Global Advanced Prosthetics and Exoskeletons Market Size and Revenue Forecasts to 2028
The report on the Global Advanced Prosthetics and Exoskeletons Market initially offers an in-depth overview of the Advanced Prosthetics and Exoskeletons Market along with insights into the developments and advancements in the sector. The report offers a comprehensive overview of the regional and competitive landscape and provides a deeper insight into the current market scenario and future growth prospects. The research study also provides a complete analysis of the market drivers, restraints, limitations, threats, risks, and growth opportunities.
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 is highly fragmented, with major, medium, and new entrants accounting for significant market share.
key findings in the report
- In February 2019, Colfax Corporation acquired DJO Global Inc. Colfax Corporation is an American corporation manufacturing welding, air and gas handling equipment, and medical devices.
- Stationary prosthetics and exoskeletons are fixed; a patient cannot remove them as per convenience, while mobility prosthetics are easily removable and reattached.
- Europe accounts for a significant share in the global advanced prosthetics and exoskeletons market revenue. Advancements in robotics and Artificial Intelligence technologies.
The key players profiled in the report are 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.
Global Advanced Prosthetics and Exoskeletons Market Segmentation based on Product Types and Application Spectrum:
For this report, 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
Regional Analysis of the Advanced Prosthetics and Exoskeletons Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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The report provides an extensive forecast of the industry and its significant growth in the forecast years. The report provides important information regarding the sales volume, revenue forecast, market size, market share, and current and emerging market trends. Along with this, the report covers SWOT analysis, Porter’s Five Forces analysis, Feasibility analysis, and investment return analysis.
Key Benefits of Buying the Global Advanced Prosthetics and Exoskeletons Report:
- Comprehensive analysis of the changing competitive landscape
- Assists in decision making processes for the businesses along with detailed strategic planning methodologies
- The report offers an 8-year forecast and assessment of the Global Advanced Prosthetics and Exoskeletons Market
- Helps in understanding the key product segments and their estimated growth rate
- In-depth analysis of market drivers, restraints, trends, and opportunities
- Comprehensive regional analysis of the Global Advanced Prosthetics and Exoskeletons Market
- Extensive profiling of the key stakeholders of the business sphere
- Detailed analysis of the factors influencing the growth of the Global Advanced Prosthetics and Exoskeletons Market
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