LONDON--(BUSINESS WIRE)--Technavio has been monitoring the prosthetic robot arm market and it is poised to grow by $317.75 million during 2020-2024, progressing at a CAGR of about 11% during the forecast period. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment.
Technavio suggests three forecast scenarios (optimistic, probable, and pessimistic) considering the impact of COVID-19. Request for Technavio's latest reports on directly and indirectly impacted markets. Market estimates include pre- and post-COVID-19 impact on the Prosthetic Robot Arm Market Download free sample report
The market is concentrated, and the degree of concentration will accelerate during the forecast period. exiii Inc., Fillauer LLC, Hunter Defense Technologies Inc., Kinova Inc., Mobius Bionics LLC, Open Bionics Ltd., Ossur hf., Ottobock SE & 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 positions in the slow-growing segments.
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Increase in amputation cases has been instrumental in driving the growth of the market. However, high cost of equipment might hamper the market growth.
Technavio's custom research reports offer detailed insights on the impact of COVID-19 at an industry level, a regional level, and subsequent supply chain operations. This customized report will also help clients keep up with new product launches in direct & indirect COVID-19 related markets, upcoming vaccines and pipeline analysis, and significant developments in vendor operations and government regulations. https://www.technavio.com/report/report/prosthetic-robot-arm-market-industry-analysis
Prosthetic Robot Arm Market 2020-2024: Segmentation
Prosthetic Robot Arm Market is segmented as below:
- North America
- South America
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Prosthetic Robot Arm Market 2020-2024: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. The prosthetic robot arm market report covers the following areas:
- Prosthetic Robot Arm Market Size
- Prosthetic Robot Arm Market Trends
- Prosthetic Robot Arm Market Industry Analysis
This study identifies 3D-printed prosthetic robot arms as one of the prime reasons driving the prosthetic robot arm market growth during the next few years.
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Prosthetic Robot Arm Market 2020-2024: Key Highlights
- CAGR of the market during the forecast period 2020-2024
- Detailed information on factors that will assist prosthetic robot arm market growth during the next five years
- Estimation of the prosthetic robot arm market size and its contribution to the parent market
- Predictions on upcoming trends and changes in consumer behavior
- The growth of the prosthetic robot arm market
- Analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of prosthetic robot arm market vendors
Table of Contents:
- Market ecosystem
- Value chain analysis
- Market definition
- Market segment analysis
- Market size 2019
- Market outlook: Forecast for 2019 - 2024
Five Forces Analysis
- Five force summary
- Bargaining power of buyers
- Bargaining power of suppliers
- Threat of new entrants
- Threat of substitutes
- Threat of rivalry
- Market condition
Market Segmentation by Technology
- Market segments
- Comparison by Technology
- Microprocessor-based - Market size and forecast 2019-2024
- Myoelectric - Market size and forecast 2019-2024
- Market opportunity by Technology
- Geographic segmentation
- Geographic comparison
- Europe - Market size and forecast 2019-2024
- North America - Market size and forecast 2019-2024
- APAC - Market size and forecast 2019-2024
- South America - Market size and forecast 2019-2024
- MEA - Market size and forecast 2019-2024
- Key leading countries
- Market opportunity by geography
- Landscape disruption
- Vendors covered
- Market positioning of vendors
- exiii Inc.
- Fillauer LLC
- Hunter Defense Technologies Inc.
- Kinova Inc.
- Mobius Bionics LLC
- Open Bionics Ltd.
- Ossur hf.
- Ottobock SE & Co. KGaA
- TASKA Prosthetics
- Vincent Medical Holdings Ltd.
- Scope of the report
- Currency conversion rates for US$
- Research methodology
- List of abbreviations
Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.