Artificial Intelligence
Global orthopedic prosthetics market size to record 4.52% CAGR through 2027
Selbyville, Delaware, Jan. 25, 2021 (GLOBE NEWSWIRE) — As per reliable estimates, global orthopedic prosthetics market is expected to grow with a CAGR of 4.52% between 2020 and 2027. This rapid expansion can primarily be attributed to high occurrence of accidental injuries, trauma cases, and osteosarcoma.
The document boasts of vital information concerning the different market segmentations such as product type, technology type, end-user analysis, and regional outlook. It also offers a detailed SWOT analysis of the several companies operating in this business domain.
For those unversed, orthopedic prosthetics is related to the identification, designing and manufacturing of custom artificial limbs used in a patient. The devices are needed to be low weight and of high strength and hence, materials such as carbon fiber, metals, thermoplastics, and EVA (ethylene-vinyl acetate) is used for their production.
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Orthopedic prosthetics are widely adopted to replace a missing or damaged body part caused due to a disease, trauma or other medical conditions. Increasing number of cases related to ankle and feet disorders coupled with growing demand for lower extremity prosthetics is also augmenting global orthopedic prosthetics industry remuneration.
According to the National UAE, around 3712 severe road accidents were recorded in the year 2018. Likewise, the Ministry of Transport in Saudi Arabia claimed that over 17,632 accidents had resulted in approximately 14,481 injuries and 2331 deaths in the year 2017. Thus, increased pervasiveness of severe road accidents has impelled the demand for orthopedic prosthetics, thereby favoring the overall market outlook.
Surging R&D investments and subsequent technological developments are also facilitating the overall business scenario. However, high costs associated with the product could act as a bottleneck towards global orthopedic prosthetics industry expansion.
An overview of the market segmentations
Global orthopedic prosthetics market is bifurcated on the basis of product type, technology type, and end-user spectrum. Speaking of the product landscape, the market is segmented into modular components, sockets, liners, low extremity prosthetics, and upper extremity prosthetics.
By technology, the industry is divided into conventional, electric powered, and hybrid orthopedic prosthetics segments. The end-user scope of global orthopedic prosthetics industry consists of rehabilitation center, prosthetics clinics, hospitals, and others.
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Regional Outlook
Global orthopedic prosthetics market is split into North America, Europe, Latin America, Asia-Pacific and rest of the world. According to reliable predictions, North America currently dominates the overall market in terms of revenue share and is likely to display similar growth trends in the upcoming years. Availability of an advanced healthcare infrastructure and widespread adoption of advanced technologies are positively impacting the regional market scenario.
On the other hand, Asia-Pacific is estimated to generate lucrative returns for worldwide orthopedic prosthetics market by the end of the forecast duration. Mounting cases of orthopedic-related disorders is promoting the business outlook in Asia-Pacific.
Global Orthopedic Prosthetics Market by Product Variety (Revenue, USD Million, 2017-2027)
- Modular Components
- Sockets
- Liners
- Low Extremity Prosthetics
- Upper Extremity Prosthetics
Global Orthopedic Prosthetics Market by Technology Type (Revenue, USD Million, 2017-2027)
- Hybrid Orthopedic Prosthetics
- Conventional
- Electric Powered
Global Orthopedic Prosthetics Market End-user Analysis (Revenue, USD Million, 2017-2027)
- Rehabilitation Center
- Prosthetics Clinics
- Hospitals
- Others
Global Orthopedic Prosthetics Market by Geographical Reach (Revenue, USD Million, 2017-2027)
North America
- United States
- Canada
Latin America
- Mexico
- Brazil
Europe
- Italy
- Spain
- France
- Germany
- United Kingdom
- Rest of Europe
Asia-Pacific
- Australia
- China
- Japan
- South Korea
- India
- Rest of Asia-Pacific
Rest of the World
Global Orthopedic Prosthetics Market Competitive Outlook (Revenue, USD Million, 2017-2027)
- Ottobock
- The Ohio Willow Wood Company
- Blatchford Ltd.
- Fillauer LLC
- Hanger Inc.
- Zimmer Biomet
- Smith & Nephew plc
- B. Braun Melsungen AG
- Johnson & Johnson
- Össur hf.
Table of Content:
Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2018-2027 (USD Million)
1.2.1. Orthopaedic Prosthetics Market, by Region, 2018-2027 (USD Million)
1.2.2. Orthopaedic Prosthetics Market, by Product, 2018-2027 (USD Million)
1.2.3. Orthopaedic Prosthetics Market, by Technology, 2018-2027 (USD Million)
1.2.4. Orthopaedic Prosthetics Market, by End User, 2018-2027 (USD Million)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Orthopaedic Prosthetics Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Orthopaedic Prosthetics Market Dynamics
3.1. Orthopaedic Prosthetics Market Impact Analysis (2018-2027)
3.1.1. Market Drivers
3.1.2. Market Challenges
3.1.3. Market Opportunities
Chapter 4. Global Orthopaedic Prosthetics Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.2. PEST Analysis
4.3. Investment Adoption Model
4.4. Analyst Recommendation & Conclusion
Chapter 5. Global Orthopaedic Prosthetics Market, by Product
5.1. Market Snapshot
5.2. Global Orthopaedic Prosthetics Market by Product, Performance – Potential Analysis
5.3. Global Orthopaedic Prosthetics Market Estimates & Forecasts by Product 2017-2027 (USD Million)
5.4. Orthopaedic Prosthetics Market, Sub Segment Analysis
5.4.1. Upper Extremity Prosthetics
5.4.2. Lower Extremity Prosthetics
5.4.3. Liners
5.4.4. Sockets
5.4.5. Modular Components
Chapter 6. Global Orthopaedic Prosthetics Market, by Technology
6.1. Market Snapshot
6.2. Global Orthopaedic Prosthetics Market by Technology, Performance – Potential Analysis
6.3. Global Orthopaedic Prosthetics Market Estimates & Forecasts by Technology 2017-2027 (USD Million)
6.4. Orthopaedic Prosthetics Market, Sub Segment Analysis
6.4.1. Conventional
6.4.2. Electric Powered
6.4.3. Hybrid Orthopedic Prosthetics
Chapter 7. Global Orthopaedic Prosthetics Market, by End User
7.1. Market Snapshot
7.2. Global Orthopaedic Prosthetics Market by End User, Performance – Potential Analysis
7.3. Global Orthopaedic Prosthetics Market Estimates & Forecasts by End User 2017-2027 (USD Million)
7.4. Orthopaedic Prosthetics Market, Sub Segment Analysis
7.4.1. Hospitals
7.4.2. Prosthetic Clinics
7.4.3. Rehabilitation Center
7.4.4. Others
Chapter 8. Global Orthopaedic Prosthetics Market, Regional Analysis
Related Report:
Orthodontic Supplies Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Competitive Market Share & Forecast, 2020 – 2026
The orthodontic supplies market is projected to foresee commendable growth in coming years owing to rising prevalence of malocclusion, increasing number of patient population under 18 years of age suffering from orthodontic condition, and increasing use of orthodontic adhesives in malocclusion treatment. Orthodontics is basically the branch of dentistry known for correcting teeth as well as jaws that are improperly positioned. From a regional frame of reference, in 2019, the Middle East & Africa orthodontic supplies market was valued at more than $106 million and is projected to witness 12.5% market growth by the end of the analysis timeline. This estimated growth is ascribed to the increasing prevalence of malocclusion across the countries in the region.
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Artificial Intelligence
Automotive Digital Cockpit Domain Controller Power Expected to Double by 2030
NEW YORK, March 28, 2024 /PRNewswire/ — The lengthening lifecycle of vehicles is driving automotive Original Equipment Manufacturers (OEMs) to plan several years of customer support through regular Over-the-Air (OTA) updates. Achieving this requires a digital Cockpit Domain Controller (CDC) with an architecture that supports long-term updating and maintenance. According to a new report from global technology intelligence firm ABI Research, the computing power of the CDC will increase significantly over the next few years, with graphical computing power and deep-learning processing power (for AI-powered functions) expected to double by 2030 for an average mid-market CDC.
OEMs are beginning to plan for several years of support, both in software patches and bug fixes, and for delivering new added value features to the driving experience. “This support and feature roadmap requires a hardware and software architecture that supports the continuous updating of vehicles over time. OEMs need a system that accommodates quick, targeted updates by shipping vehicles with planned overhead in computing power, software containerization, and robust hypervisors. These can be accommodated by silicon vendors such as NVIDIA or Qualcomm with their suite of high-powered System-on-Chips (SoCs), along with hypervisor and software specialists such as Blackberry QNX. The ecosystem hasn’t fully adjusted to OTA updates in mixed-criticality systems like the digital cockpit domain controller yet, with most OEMs speculating about the level of computing power that is needed for several years of support and few going to their silicon and tier-one partners with roadmaps of planned features,” explains Abu Miah, Smart Mobility and Automotive Analyst at ABI Research.
The computing power of the CDC will increase significantly over time. The Tera Floating-Point Operations per Second (TFLOPS) of an average mid-market CDC is expected to rise from 1 TFLOPS in 2023 to 2.5 TFLOPS by 2030. Miah adds, “One of the primary drivers of this increase is the implementation of a larger number of higher resolution screens in the vehicle to accommodate new high-end gaming and video-on-demand features.”
Building a ‘future-proofed’ CDC is not as simple as throwing compute power at the vehicle. “OEMs, tier ones, and silicon vendors must all work toward an ecosystem of hardware and software agnosticism, modular architecture, and collaborative software development if they are to match customers’ expectations of updates, patches, and bug fixes from the consumer electronics space,” Miah concludes.
These findings are from ABI Research’s Future-Proofing Digital Cockpit Domain Controllers application analysis report. This report is part of the company’s Smart Mobility and Automotive research service, which includes research, data, and ABI Insights. Based on extensive primary interviews, Application Analysis reports present an in-depth analysis of key market trends and factors for a specific technology.
About ABI Research
ABI Research is a global technology intelligence firm uniquely positioned at the intersection of technology solution providers and end-market companies. We serve as the bridge that seamlessly connects these two segments by providing exclusive research and expert guidance to drive successful technology implementations and deliver strategies proven to attract and retain customers.
ABI Research是一家全球性的技术情报公司,拥有得天独厚的优势,充当终端市场公司和技术解决方案提供商之间的桥梁,通过提供独家研究和专业性指导,推动成功的技术实施和提供经证明可吸引和留住客户的战略,无缝连接这两大主体。
For more information about ABI Research’s services, contact us at +1.516.624.2500 in the Americas, +44.203.326.0140 in Europe, +65.6592.0290 in Asia-Pacific, or visit www.abiresearch.com.
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Artificial Intelligence
ACL Digital in Collaboration with AWS and Infineon to Participate at Embedded World 2024
SAN JOSE, Calif., March 28, 2024 /PRNewswire/ — ACL Digital, an ALTEN group company, is a pioneer in design-led digital experience, innovation, enterprise IT modernization, and product engineering services, announced that ACL Digital, in collaboration with AWS and Infineon, is going to showcase its AWS IoT & Cloud capabilities at Embedded World 2024, Hall 4 (Booth #4-552) from April 9 to April 11 in Nuremberg, Germany.
ACL Digital, a top-tier AWS Services partner, propels organizations of all sizes to navigate digital transformation to accelerate time-to-market. The company provides comprehensive support, from adopting to modernizing IT infrastructure on AWS. By leveraging expertise in architecture, security, migration, and operations, ACL Digital unlocks the full potential of AWS, streamlining IoT and cloud journeys and fast-tracking business growth and innovation.
The AWS Advanced Tier partnership enables ACL Digital to leverage AWS expertise, its robust support ecosystem and best practices to deliver customer delight.
ACL Digital offers visitors at Embedded World 2024 a chance to experience the exclusive demo of a Smart Stove Solution, built by leveraging the AWS Cloud and Infineon platform and how it has added value to our customers.
With over 100 AWS-certified experts, ACL Digital empowers clients to achieve breakthrough results in their digital transformation. Also, the leading digital transformation company supports global clients in navigating the complexities of cloud implementation, migration and digital transformation with ease and helping them unlock new growth opportunities.
About AWS
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development, deployment, and management from 105 Availability Zones within 33 geographic regions, with announced plans for 12 more Availability Zones and four more AWS Regions in Malaysia, New Zealand, Thailand, and the AWS European Sovereign Cloud. Millions of customers—including the fastest-growing startups, largest enterprises, and leading government agencies—trust AWS to power their infrastructure, become more agile, and lower costs. To learn more about AWS, visit https://aws.amazon.com .
About Infineon
Infineon Technologies AG is a global semiconductor leader in power systems and IoT. Infineon drives decarbonization and digitalization with its products and solutions. The company has around 58,600 employees worldwide and generated revenue of about €16.3 billion in the 2023 fiscal year (ending 30 September). Infineon is listed on the Frankfurt Stock Exchange (ticker symbol: IFX) and in the USA on the OTCQX International over-the-counter market (ticker symbol: IFNNY). To learn more about Infineon, visit https://www.infineon.com/
About ACL Digital
ACL Digital an ALTEN Group Company, is a digital product innovation and engineering leader. We help our clients design and build innovative products (AI, Cloud, and Mobile ready), content and commerce-driven platforms, and connected, converged digital experiences for the modern world through a design-led Digital Transformation framework.
Headquartered in Silicon Valley, ACL Digital is a leader in design-led digital experience, innovation, enterprise modernization, and product engineering services converging to Technology, Media & Telecom. The company has a workforce of 57,000+ spread across more than 30+ countries.
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Artificial Intelligence
Gilbarco Veeder-Root champions fuel efficiency, clean fuels and diesel rebate solutions in mining
JOHANNESBURG, March 28, 2024 /PRNewswire/ — Global leader in technology solutions OEM Gilbarco Veeder-Root (GVR) is dedicated to enhancing operational performance by delivering comprehensive end-to-end wetstock, industrial, mining, and business-to-business solutions, all tailored to meet the specific needs of the customer.
By encompassing every aspect of mining operations, GVR commercial and industrial Middle East and Africa director Westtar Kapito says, “the company is setting new benchmarks for fuel efficiency, safety and sustainability within the mining industry”.
As part of a holistic approach to mining excellence, Kapito explains that Gilbarco’s integrated fuel and fleet management technology solutions are designed to address the multifaceted challenges of the mining industry.
Some of these facets include wetstock control, equipment maintenance and management, fleet management and automation, compliance monitoring and environmental sustainability, as well as driving productivity and profitability through innovation.
In addition, the introduction of Gilbarco’s clean fuel solution exemplifies the company’s commitment to maintaining equipment integrity and performance.
This technology, GVR says, monitors in real-time the status of up to 16 “clean fuels” key performance matrices, thereby ensuring that dirty fuel is flagged and not transferred into mining equipment which would affect engines and injectors and thus lower productivity.
Gilbarco’s comprehensive site automation solutions empower mining companies with critical data analytic insights, facilitating efficient monitoring and management of fleet and fuel inventory. Gilbarco’s dataFLEX360 platform plays a pivotal role, offering near real-time reporting and analytics to drive informed decision-making and operational agility.
dataFLEX360 is a Web-based, cloud-hosted strategic operational insights platform. The system ensures accurate, reliable and relevant reporting of all fuel, fleet and asset transactions, and provides for proactive corrective measures to reduce complex reporting and gives a consolidated and comprehensive view across all sites and assets.
With reconciliations at its core, dataFLEX360 provides solution accuracy on operational data.
Integral to the company’s solutions is compliance with Global Industry Standards and environmental stewardship, from leak detection to vapour recovery and clean fuel technologies. Gilbarco’s products are designed to ensure compliance and minimise the carbon footprint of mining operations.
Additionally, through the company’s innovative telematics technology and the data generated, it can systematically and seamlessly generate South African Revenue Services- (SARS-) compliant fuel rebate reports for any selected tax period.
GVR’s technology provides a full audit trail required for eligibility for SARS rebates, and its reporting platform simplifies logbook and data gathering required, enabling successful rebate claims and return on investment.
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