Advanced Prosthetics and Exoskeletons Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Advanced prosthetics and exoskeletons are designed to help patients with under-functioning body parts, especially limbs. The products can also be used as a form of rehabilitation, as they improve mobility and thus enable patients to participate in everyday activities. People who have lost limbs or have reduced mobility need advanced prosthetics. Robotic prosthetics not only replace missing limbs and restore function to the patient, but they also make the patient feel complete mentally. The biggest disadvantage to these prosthetics is their high price, which may or may not be covered by insurance. The market has been gradually changing as a result of technological advancements, which serve as a foundation for the production and launch of new products.

MARKET DYNAMICS

Factors driving the growth of the advanced prosthetics and exoskeletons market are the growing geriatric population worldwide, coupled with increasing incidence of accidents. However, the rising demand by the governments to reduce spending on healthcare is expected to hamper the growth of the market. Moreover, advancements in robotics technology, and improvements across the medical industry is anticipated to boost the market growth.

MARKET SCOPE

The "Advanced Prosthetics and Exoskeletons Market Analysis to 2031" is a specialized and in-depth study of the healthcare industry with a special focus on the global market trend analysis. The report aims to provide an overview of advanced prosthetics and exoskeletons market with detailed market segmentation by product type, mobility, and end user. The advanced prosthetics and exoskeletons market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading players in advanced prosthetics and exoskeletons market and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The advanced prosthetics and exoskeletons market is segmented on the basis of product type, mobility, and end user. Based on product type, the market is segmented as lower limb, upper limb, and full body. On the basis of mobility, the market is categorized as stationary and mobile. On the basis of end-user, the market is categorized as hospitals and clinics, orthotic and prosthetic centers, and others.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the advanced prosthetics and exoskeletons market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The advanced prosthetics and exoskeletons market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting advanced prosthetics and exoskeletons market from both demand and supply side and further evaluates market dynamics affecting the market during forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely, North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the advanced prosthetics and exoskeletons market in these regions.

MARKET PLAYERS

The report covers key developments in the advanced prosthetics and exoskeletons market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from advanced prosthetics and exoskeletons market are anticipated to have lucrative growth opportunities in the future with the rising demand for advanced prosthetics and exoskeletons in the global market. Below mentioned is the list of few companies engaged in the advanced prosthetics and exoskeletons market.

The report also includes the profiles of key players in advanced prosthetics and exoskeletons market along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•   Bionik Laboratories Corporation
  
•   ReWalk Robotics
  
•   AlterG Inc.
  
•   Bauerfeind AG
  
•   Cyberdyne Inc.
  
•   DJO Global Inc.
  
•   DeRoyal Industries Inc.
  
•   Blatchford Group
  
•   Ossur hf
  
•   Willow Wood Global LLC.
  

The Insight Partner's dedicated research and analysis team consists of experienced professionals with advanced statistical expertise and offers various customization options in the existing study.

Advanced Prosthetics and Exoskeletons Report Scope