Advanced Prosthetics and Exoskeletons Market Size – Industry Share, Growth, Trends and Forecast 2027

February 23 03:08 2021
The study methodologies used to examine the Advanced Prosthetics and Exoskeletons market for the forecast period, 2020 – 2027 further classifies the industry by type, geography, end-use and end-user to add more precision and bring to light factors responsible for augmenting business development.

The global advanced prosthetics and exoskeletons market is projected to reach a market size of USD 5.43 Billion by 2028 at a robust double-digit CAGR over the forecast period, according to latest analysis by Emergen Research. Some key factors driving market growth are increasing initiatives to drive awareness about benefits and advantages of advanced prosthetics, government and NGO-funded programs and activities related to these solutions and deployment, as well as rising investments in the healthcare sector worldwide, among others.

Advanced prostheses are designed to appear as life-like as possible, and rapidly evolving and advancing technologies in this field are further driving adoption of these solutions in the healthcare industry. Advanced prosthetics are available in different designs, but most have similar parts and components. Some parts are sockets, suspension mechanism, shafts, foot, hand or hook, and others designed for cosmetic enhancement purposes.

Subject matter experts conducting the study also take a closer look at the products at their development stage and in the pipeline to help business owners conclude on the business strategies that can lower their cost and promise great returns or profits. Strong emphasis on new launches, acquisition and mergers, collaboration, import and export status and supply chain management empowers the business evangelists, manufacturers and business owners build a robust strategy when it comes to making an investment.

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Further key findings in the report

In February 2019, Colfax Corporation acquired DJO Global Inc. Colfax Corporation is an American corporation manufacturing welding, air and gas handling equipment, and medical devices.

Stationary prosthetics and exoskeletons are fixed; a patient cannot remove them as per convenience, while mobility prosthetics are easily removable and reattached.

Europe accounts for a significant share in the global advanced prosthetics and exoskeletons market revenue. Advancements in robotics and Artificial Intelligence technologies, and increasing investments in the healthcare sector are key factors driving growth of the global advanced prosthetics and exoskeletons market. The United Kingdom, Germany, France, Italy, and Russia are major revenue contributors to growth of the market in Europe currently, and the trend is expected to continue over the forecast period.

Key players operating in the global advanced prosthetics and exoskeletons market are Bionik Laboratories Corporation, ReWalk Robotics, AlterG Inc., Bauerfeind AG, Cyberdyne Inc., DJO Global Inc., DeRoyal Industries Inc., Blatchford Group, Ossur hf, and Willow Wood Global LLC. among others.

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Emergen Research has segmented the global Advanced Prosthetics and Exoskeletonss market on the basis of interface, type, mode, end-users, and region:

Product Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2018–2028)

Lower Limb

Upper Limb

Full Body

Application Outlook (Revenue: USD Billion; Volume: Thousand Units; 2018–2028)



Orthotic and Prosthetic Centers


Mobility Outlook (Revenue: USD Billion; Volume: Thousand Units; 2018–2028)



Regional scope – North America; Europe; Asia Pacific; Central & South America; MEA

Key questions answered in the report

What will be the market size in terms of value and volume in the next five years?

Which segment is currently leading the market?

In which region will the market find its highest growth?

Which players will take the lead in the market?

What are the key drivers and restraints of the market’s growth?

All of the segments studied in the research study are analyzed on the basis of BPS, market share, revenue, and other important factors. Our research study shows how different segments are contributing to the growth of the global Advanced Prosthetics and Exoskeletons market. It also provides information on key trends related to the segments included in the report. This helps market players to concentrate on high-growth areas of the global Advanced Prosthetics and Exoskeletons market. The research study also offers separate analysis on the segments on the basis of absolute dollar opportunity.

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Table of Content

Chapter 1. Methodology & Sources

    1.1. Market Definition

    1.2. Research Scope

    1.3. Methodology

    1.4. Research Sources

          1.4.1. Primary

          1.4.2. Secondary

          1.4.3. Paid Sources

    1.5. Market Estimation Technique

Chapter 2. Executive Summary

    2.1. Summary Snapshot, 2019-2027

Chapter 3. Key Insights

Chapter 4. Advanced Prosthetics and Exoskeletons Market Segmentation & Impact Analysis

    4.1. Advanced Prosthetics and Exoskeletons Market Material Segmentation Analysis

    4.2. Industrial Outlook

          4.2.1. Market indicators analysis

          4.2.2. Market drivers analysis

           Growing adoption of medical marijuana for treatment of chronic diseases

           Growing legalization of medical marijuana in various countries

          4.2.3. Market restraints analysis

           Lower market access of marijuana due to absence of legalization programs

    4.3. Technological Insights

    4.4. Regulatory Framework

    4.5. Porter’s Five Forces Analysis

    4.6. Competitive Metric Space Analysis

    4.7. Price trend Analysis

    4.8. Covid-19 Impact Analysis


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