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Bionic Prosthetic & Orthotic Market Trends

  • Report ID: 2949
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Bionic Prosthetic & Orthotic Market Trends

Growth Drivers

  • Increasing Geriatric Population in the World
  • Growing investment in the development of advanced technologies

Challenges

  • Entry barriers in terms of Regulatory Guidelines
  • Shortage of well-equipped rehabilitation centers

Prosthetics and Orthotics Market: Key Insights

Base Year

2023

Forecast Year

2024–2036

CAGR

4.5%

Base Year Market Size (2023)

USD 6.94 billion

Forecast Year Market Size (2036)

USD 12.3 billion

Regional Scope
  • North America (U.S., and Canada)
  • Latin America (Mexico, Argentina, Rest of Latin America)
  • Asia-Pacific (Japan, China, India, Indonesia, Malaysia, Australia, Rest of Asia-Pacific)
  • Europe (U.K., Germany, France, Italy, Spain, Russia, NORDIC, Rest of Europe)
  • Middle East and Africa (Israel, GCC North Africa, South Africa, Rest of the Middle East and Africa)
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Browse Key Market Insights with Data Illustration:

Author Credits:  Radhika Pawar


  • Report ID: 2949
  • Published Date: Sep 24, 2024
  • Report Format: PDF, PPT

Frequently Asked Questions (FAQ)

Increasing elderly population and growing investment in the development of advanced technologies are the key factors driving market growth.

The market is anticipated to attain a moderate CAGR over the forecast period, i.e., 2021-2029.

Entry barriers in terms of Regulatory Guidelines and Shortage of well-equipped rehabilitation centers are the challenges affecting the growth of this market.

The market in Asia Pacific region will provide ample growth opportunities owing to the increasing awareness about bionic prosthetics & orthotics market.

The major players dominating the bionic prosthetics & orthotics market are Ossur Corporate, Zimmer Biomet, Blatchford Inc., and Fillauer LLC among others.
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