Prosthetic Robot Arm Market Size to Grow by $ 342.09 mn through 2021-2025 | Forecast and Trend Analysis
Technavio has been monitoring the prosthetic robot arm market and it is expected to grow by $ 342.09 mn, accelerating at a CAGR of almost 12% during the forecast period. The growth trajectory of the market is traced through a detailed analysis of the prevalent market forces, trends, and drivers along with competitive benchmarking
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Prosthetic Robot Arm Market: Emerging Trends to Impact Market Growth
Prosthetic robots have gained popularity over the years due to technological advances and other improvements in the products offered by vendors. Vendors are switching to materials such as advanced plastics and carbon fiber composites as well as electronic technology to ensure that the arms are better controlled and capable of automatically adapting their functions to tasks. This report provides a detailed analysis of all the trends that are likely to influence the growth of individual segments within the market as well as the overall market in focus. This analysis will enable clients to assess their play in the market and plan for growth opportunities.
Prosthetic Robot Arm Market: Vendor Analysis
The market is concentrated due to the presence of several players. The growth of the players depends on several factors such as market conditions, government support, and industry development. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions. exiii Inc., Fillauer LLC, Hunter Defense Technologies Inc., Kinova Inc., Mobius Bionics LLC, Open Bionics Ltd., Ossur hf., Ottobock SE and Co. KGaA, TASKA Prosthetics, and Vincent Medical Holdings Ltd. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments.
Technavio custom reports provide market insights at the global and regional level along with a pipeline analysis of new product launches. It also provides a peek into the latest R&D along with an impact analysis of government regulations.
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