Brazil Robotic Prosthetics Market Size & Outlook
Brazil robotic prosthetics market, 2016-2030 (US$M)
Related Markets
Brazil robotic prosthetics market highlights
- The Brazil robotic prosthetics market generated a revenue of USD 34.6 million in 2023 and is expected to reach USD 65.5 million by 2030.
- The Brazil market is expected to grow at a CAGR of 9.6% from 2024 to 2030.
- In terms of segment, mpc prosthetics was the largest revenue generating extremities in 2023.
- Myoelectrical Prosthetics is the most lucrative extremities segment registering the fastest growth during the forecast period.
Robotic prosthetics market data book summary
| Market revenue in 2023 | USD 34.6 million |
| Market revenue in 2030 | USD 65.5 million |
| Growth rate | 9.6% (CAGR from 2023 to 2030) |
| Largest segment | Mpc prosthetics |
| Fastest growing segment | Myoelectrical Prosthetics |
| Historical data | 2016 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | MPC Prosthetics, Myoelectrical Prosthetics |
| Key market players worldwide | Ottobock, Touch Bionics, HDT Global, Ossur, Endolite India, Shadow Robot |
Other key industry trends
- In terms of revenue, Brazil accounted for 2.2% of the global robotic prosthetics market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil robotic prosthetics market is projected to lead the regional market in terms of revenue in 2030.
- Argentina is the fastest growing regional market in Latin America and is projected to reach USD 17.7 million by 2030.
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Robotic Prosthetics Market Scope
Robotic Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Brazil robotic prosthetics market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to robotic prosthetics market will help companies and investors design strategic landscapes.
Mpc prosthetics was the largest segment with a revenue share of 56.07% in 2023. Horizon Databook has segmented the Brazil robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
Brazil is for the largest medical device market in Latin America and the region is expected to dominate the medical device outsourcing market during the forecast period. Brazil is expected to be the target market for international medical device companies, thereby contributing to the demand for regulatory services during the forecast period.
Brazil’s National Health Surveillance Agency has included regulatory requirements that manufacturing services companies must attain a license as a medical manufacturing unit to maintain quality, safety, and performance parameters. This has made Brazil one of the favorable markets for various foreign manufacturers.
In addition, the growing demand for medical device outsourcing and presence of a stable regulatory system are expected to boost the growth of the region. Brazil follows a four-tier and risk-based classification system. Accurate classification of a product is essential to determine the proper ANVISA regulatory pathway, thereby providing a clear & systematic procedure for outsourcing partners.
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Our clientele includes a mix of robotic prosthetics market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Brazil robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into Brazil robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Brazil robotic prosthetics market size, by extremities, 2016-2030 (US$M)
Brazil Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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