Canada Robotic Prosthetics Market Size & Outlook
Canada robotic prosthetics market, 2016-2030 (US$M)
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Canada robotic prosthetics market highlights
- The Canada robotic prosthetics market generated a revenue of USD 95.2 million in 2023 and is expected to reach USD 175.6 million by 2030.
- The Canada market is expected to grow at a CAGR of 9.1% 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 95.2 million |
| Market revenue in 2030 | USD 175.6 million |
| Growth rate | 9.1% (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, Canada accounted for 6.1% 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 North America, U.S. robotic prosthetics market is projected to lead the regional market in terms of revenue in 2030.
- Canada is the fastest growing regional market in North America and is projected to reach USD 175.6 million by 2030.
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Robotic Prosthetics Market Scope
Robotic Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Canada 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 56.83% in 2023. Horizon Databook has segmented the Canada robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
The robotic prosthetic market is increasingly growing in Canada owing to factors including technological advancements, sophisticated health care infrastructure, and rising R&D activities. Government in Canada majorly focuses on funding projects related to robotic prosthetics.
As a result, there is an increase in demand for such devices in the country. For instance, The Atlantic Clinic for Upper Limb Prosthetics is an initiative of the Institute of Biomedical Engineering at the University of New Brunswick (UNB).
The clinic specializes in fitting myoelectric prosthetic devices for the person with upper or lower limb losses. The clinic also assists its client in accessing reimbursement plans for such devices. In 2012, UNB research in Canada contributes towards the development of world’s first thought controlled prosthetic leg.
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Horizon Databook provides a detailed overview of country-level data and insights on the Canada robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into Canada robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Canada robotic prosthetics market size, by extremities, 2016-2030 (US$M)
Canada Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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