The global motorized prosthesis market size accounted for USD 41.95 million in 2024 and is expected to exceed around USD 162.49 million by 2034, growing at a CAGR of 14.5% from 2024 to 2034.
Motorized prosthesis is the most widely used technology by many affected patients. With the assistance of motorized prostheses, the performance and functionality of the amputee can be significantly improved. The increasing prevalence of amputations owing to the rising incidence of road accidents, diabetes, and other nerve-related medical conditions is expected to boost the growth of the market in the coming years.
Other factors such as rising awareness regarding the benefits of motorized prostheses, high disposable income, rising availability of advanced prosthetic devices, rising healthcare infrastructure, and others.
Several key market players in the market are increasingly investing in R&D activities to manufacture tech-advanced prosthetic devices. The rapid technological advancements have significantly increased the development of advanced prosthetic devices that are more effective in function and more comfortable, offering lucrative growth opportunities to the market. Additionally, the surge in the number of initiatives taken by non-profit organizations and governments to provide financial assistance to amputees has resulted in the increasing adoption of motorized prostheses and is projected to drive the market’s expansion.
Published by Laxmi Narayan
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| Stats ID: | 7805 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
| Stats ID: | 7805 |
| Format: | Databook |
| Published: | January 2025 |
| Delivery: | Immediate |
| Price | US$ 1550 |
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