Myoelectric Prosthetics Market To Reach USD 656.99 Million by 2026
Market Summary Increasing number of Critical Limb Ischemia (CLI) cases across the world, along with high investments in 3D printing technology for medical development will drive the market at a high CAGR during the forecast period. Market trends- Rise in diabetes and other lifestyle related illnesses leading to Critical Limb Ischemia (CLI), coupled with increasing accidents requiring limb amputation from the Asia Pacific region is boosting the global myoelectric prosthetics market, North America expected to register the largest market share during the forecast period. According to the current analysis of Reports and Data, the Global Myoelectric Prosthetics market was valued at USD 165.87 million in 2018 and is expected to reach USD 656.99 million by year 2026, at a CAGR of 18.7%. Further key findings from the report suggest : • North America had the leading share in the myoelectric prosthetics market in 2018, chiefly because of the converging trends of their increased adoption rate of new technology, rise in the number and cases of Critical Limb Ischemia (CLI) and increased investments in the field. • Asia Pacific region will witness the highest CAGR during the forecast period on account of estimated rise in the numbers of road and vehicular accidents requiring amputations and an increased need of low-cost solutions to provide prosthetics. www.reportsanddata.com
Key Players: Ottobock SE & Co. KGaA, Steeper, Inc., Human Technology, Inc., Touch Bionics, Inc., Liberating Technologies, Inc., Coapt, LLC, Aetna, Inc., Ambionics Pvt Ltd., OpenBionics, Shadow Robot Company, amongst others Segmentation: • Type Revenue, USD Million; 2016–2026), Upper-extremity prostheses, Arm myoelectric prosthetics, Hand myoelectric prosthetics, Shoulder myoelectric prosthetics, Lower-extremity prostheses, Leg myoelectric prosthetics, Hip joint myoelectric prosthetics • Technology Revenue, USD Million; 2016–2026), Proportional control, On–off control, Machine learning, Finite state machine, Pattern recognition, Postural control • End Use Revenue, USD Million; 2016–2026), Specialty Orthopaedic Clinics, Hospitals, Others
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Regional Myoelectric Prosthetics Market (Regional Output, Demand & Forecast by Countries):• North America (United States, Canada, Mexico) • South America (Brazil, Argentina, Ecuador, Chile) • Asia Pacific (China, Japan, India, Korea) • Europe (Germany, UK, France, Italy) • Middle East Africa (Egypt, Turkey, Saudi Arabia, Iran) and More.
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Major highlights of the report: • An all-inclusive evaluation of the parent market • The evolution of significant market aspects • Industry-wide investigation of market segments • Assessment of the market value and volume in the past, present and forecast years • Market share evaluation • Study of niche industrial sectors • Tactical approaches of the market leaders • Lucrative strategies to help companies strengthen their position in the market
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