Artificial Intelligence
Advanced Prosthetics and Exoskeletons Market to Reach Value of USD 5.43 Billion By 2028 | Global Analysis, Industry Statistics, Revenue, Demand and Trend Analysis Research Report by Emergen Research
Vancouver, British Columbia, Feb. 03, 2021 (GLOBE NEWSWIRE) — The global advanced prosthetics and exoskeletons market is projected to reach a value of USD 5.43 Billion at 10.2% CAGR by 2028, according to latest analysis by Emergen Research. Introduction of Artificial Intelligence in more modern healthcare facilities, improvements in the medical sector, and advancements in robotics technology are among some of the key factors driving market growth.
Lower limb prosthetics are most widely used in countries across the globe. Most cases of accidents require lower limb prosthetics for surgery. Unlike various other medical devices, prosthetic limbs are not mass-produced or readily available for purchase at a majority of local pharmacies or medical stores. Diabetes, vascular diseases, and road and industrial accidents account for significantly high demand for lower limb prosthetics and solutions as a result of loss of limb or amputations. Lower-limb prostheses offer a user increased stability while standing and walking, and also offers a high level of comfort and shock absorption during such activities.
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The global advanced prosthetics and exoskeletons market is expected to remain highly competitive and fragmented, with major and new entrants accounting for significant market share.
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For this report, Emergen Research has segmented the global advanced prosthetics and exoskeletons market based on diagnosis type, application, end-use, and region: