Published Date: 28-Feb-2023
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According to a new report, published by KBV research, The Global Motorized Prosthesis Market size is expected to reach $98.2 Million by 2028, rising at a market growth of 10.7% CAGR during the forecast period.
The Prosthetic Clinics segment is showcasing a CAGR of 10.9% during (2022 - 2028). It's because they were bought by businesses who wanted to start their own clinic and sell their goods. The high percentage of amputee patients, the availability of knowledgeable medical personnel, and the capacity to provide each patient individualized care are all cited as reasons for the high share.
The Passive segment acquired maximum revenue share the Global Motorized Prosthesis Market by Type in 2021 thereby, achieving a market value of $46.2 Million by 2028. Passive prosthesis include tools and prosthetic hands. These may either be repaired or modified. Although passive prosthesis are often utilized, little research and development have been done on them. There are active and passive hand prosthetics. Internal forces, such as those generated by an electric actuator or a wire driven by the user's body, are utilized to move the gripping mechanism of an active prosthesis.
The North America market dominated the Global Motorized Prosthesis Market by Region in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $38.9 Million by 2028. The Europe market is exhibiting a CAGR of 10.5% during (2022 - 2028). Additionally, The Asia Pacific market would display a CAGR of 11.6% during (2022 - 2028).
Full Report: https://www.kbvresearch.com/motorized-prosthesis-market/
The market research report has exhaustive quantitative insights providing a clear picture of the market potential in various segments across the globe with country wise analysis in each discussed region. The key impacting factors of the market have been discussed in the report with the elaborated company profiles of Ossur Hf, Ottobock SE & Co. KGaA, Hanger, Inc. (Patient Square Capital), Advanced Arm Dynamics, Inc., Bionic Prosthetics & Orthotics Group LLC, Integrum AB, Dr. Fritz Faulhaber GmbH & Co. KG, and Sensars Neuroprosthetics.
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Unique Offerings from KBV Research
North America Motorized Prosthesis Market Future Scope & Opportunities 2022-2028
Europe Motorized Prosthesis Market Size & Growth Forecast 2022-2028
Asia Pacific Motorized Prosthesis Market Size, Share & Industry Outlook to 2028
LAMEA Motorized Prosthesis Market Growth, Trends & Forecasts 2022-2028