What is Advanced Prosthetics and Exoskeletons?
Exoskeletons and advanced prosthetics can be outfitted with a microprocessor and sensors that measure angles and forces as the patient walks. Patients of all ages are seen at Advanced Prosthetics. No patient is out of our reach, whether they are in paediatrics or geriatrics. Prosthetics are at the heart of our services. The company's systems are among the most technologically advanced on the market. It is responsibility to our patients to provide them with the most advanced prosthetic components that are appropriate for their lifestyles. The primary goal is for patients to remain active and comfortable in their prosthetics. Medical exoskeletons are electrical devices that assist physically crippled, injured, or weak people who are unable to walk due to a variety of medical conditions, including neurological illnesses, SCI, catastrophic trauma such as cerebral palsy, and stroke. Exoskeletons are amplifiers that are placed on the user's body to augment, reinforce, or restore human performance. A mechanical prosthetic, such as a robotic arm or leg that replaces the original body part, is the polar opposite.
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|Key Companies Profiled||Breg, Inc (United States), Blatchford Group (United Kingdom), Cyberdyne, Inc. (Japan), DJO Global Inc. (United States), DeRoyal Industries, Inc (United States), Ekso Bionics Holdings, Inc. (United States), Ossur hf. (Iceland), Ottobock SE and Co. KGaA. (Germany), Mobius Bionics (United States) and ReWalk Robotics, Inc. (United States)|
The study covers a detailed analysis segmented by key business segments i.e. by type (Lower Limb, Upper Limb and Full Body) , by application (Orthotic and Prosthetic Centers, Clinic, Hospital and Others) and major geographies. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Advanced Prosthetics and Exoskeletons market throughout the predicted period.
The competition is expected to become even more intense in the years to come due to the entry of several new players in the market. To help clients improve their revenue shares in the market, this research study provides an in-depth analysis of the markets competitive landscape and offers information on the products offered by various leading companies. Additionally, this Advanced Prosthetics and Exoskeletons market report suggests strategies that Players can follow and highlights key areas they should focus on, in order to take maximum benefits of growth opportunities.
The report offers several leading Players, some of them are Breg, Inc (United States), Blatchford Group (United Kingdom), Cyberdyne, Inc. (Japan), DJO Global Inc. (United States), DeRoyal Industries, Inc (United States), Ekso Bionics Holdings, Inc. (United States), Ossur hf. (Iceland), Ottobock SE and Co. KGaA. (Germany), Mobius Bionics (United States) and ReWalk Robotics, Inc. (United States).
The primary concern in medical device development and regulation is safety. More research is needed to address risks such as falls, fractures, and the long-term negative effects of using exoskeletons. It is concerning that multiple accidents have resulted in bone fractures among users. Although risks such as user error and skin/tissue damage have been identified, they have frequently been overlooked in previous studies. Furthermore, in order for powered exoskeletons to be deployed safely outside of the clinic, potential risks associated with deploying exoskeletons in rich, highly dynamic environments cohabited by humans and machines must be identified and mitigated.
The global market for advanced prosthetics and exoskeletons is fragmented, with a few large and medium-sized companies accounting for a sizable revenue share. Major players in advanced and large production facilities around the world, as well as various R & D activities.
Increasing Prevalence of Stroke and The Demand for the Lightweight, Compact, Powerful, Exoskeleton
- High Costs Associated With R&D & Product Acquisition
Increasing Adoption of Advanced Prosthetics and Exoskeletons in Industrial and Military Sectors
Key highlights of the Global Advanced Prosthetics and Exoskeletons market Study:
CAGR of the market during the forecast period 2021-2027
In-depth information on growth factors that will accelerate the Advanced Prosthetics and Exoskeletons market in next few years.
Detailed Insights on futuristic trends and changing consumer behaviour
Forecast of the Global Advanced Prosthetics and Exoskeletons market size and its contribution to the parent market by type, application and by country.
A broad view of customer demand
Uncover markets competitive landscape and in-depth information on various Players
Comprehensive information about factors that will challenge the growth of Advanced Prosthetics and Exoskeletons Players
Transformation and Important Triggers:
Business transformation has taken hold across the broad corporate landscape due to the confluence of several important triggers, including:
A tipping point in globalization
A major slowdown in Western economies
Significant shifts in technology and cost structure
The challenges of regulatory compliance
New forms of competition developing
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Advanced Prosthetics and Exoskeletons market.
In order to reach an exhaustive list of functional and relevant players, various industry classification standards are closely followed such as NAICS, ICB, and SIC to penetrate deep into important geographies by players, and a thorough validation test is conducted to reach the most relevant players for survey in Advanced Prosthetics and Exoskeletons market.
In order to make a priority list sorting is done based on revenue generated based on the latest reporting, using paid databases such as Factiva, Bloomberg, etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment> by targeting key target audience that includes New Entrants/Investors, Analysts and Strategic Business Planners, Advanced Prosthetics and Exoskeletons Manufacturers, Advanced Prosthetics and Exoskeletons Suppliers & Distributors, Government Bodies, End-Users and Others.
This helps us to gather the data for the players revenue, operating cycle and expense, profit along with product or service growth, etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that include Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, Annual reports, press releases, etc.