Global Prosthetic Arm Market (2018-2023) Featuring Profiles for Ottobock, Touch Bionics, Ossur, Haward Orthopedics, Mobius Bionics, and Open Bionics - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Sep 11, 2018--The “Prosthetic Arm Market - Forecasts from 2018 to 2023” report has been added to ResearchAndMarkets.com’s offering.
The prosthetic arm market is projected to grow at a CAGR of 12.43% to reach US$1,408.221 million in 2023 from US$697.232 million in 2017.
The market for the prosthetic arm has seen high growth in recent years, driven by increased healthcare spending in emerging economies, growing relevance of the public-private partnership (PPP) model across different regions, a rise in the prevalence of joint-related diseases, an increase in aging population.
Innovations in smartphone technology like cybernetic arm powered and controlled by a smartphone and the use of accelerometer technology provide significant market opportunities, while Bluetooth communication continues to strengthen growth.
Geographically, the market has been prominent in developed countries with advanced healthcare systems, with the United States and Europe taking the lead, however growing awareness and information and technology spill resulting from increased global integration has significantly bolstered demand for prosthetic arms in the developing world.
Key Topics Covered
2. Research Methodology
3. Executive Summary
4. Market Dynamics
5. Prosthetic Arm Market by Type
6. Prosthetic Arm Market by Product
7. Prosthetic Arm Market by Geography
8. Competitive Intelligence
9. Company ProfilesOttobock Touch Bionics Inc. Ossur Haward Orthopedics, Inc. Mobius Bionics Open Bionics
For more information about this report visit https://www.researchandmarkets.com/research/bvn7hh/global_prosthetic?w=4
View source version on businesswire.com:https://www.businesswire.com/news/home/20180911005599/en/
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SOURCE: Research and Markets
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PUB: 09/11/2018 11:47 AM/DISC: 09/11/2018 11:47 AM