China Robotic Prosthetics Market Size & Outlook, 2023-2030
China robotic prosthetics market, 2016-2030 (US$M)
Related Markets
China robotic prosthetics market highlights
- The China robotic prosthetics market generated a revenue of USD 124.3 million in 2023 and is expected to reach USD 224.0 million by 2030.
- The China market is expected to grow at a CAGR of 8.8% 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 124.3 million |
| Market revenue in 2030 | USD 224.0 million |
| Growth rate | 8.8% (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, China accounted for 8.0% 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 Asia Pacific, China robotic prosthetics market is projected to lead the regional market in terms of revenue in 2030.
- Thailand is the fastest growing regional market in Asia Pacific and is projected to reach USD 5.6 million by 2030.
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Robotic Prosthetics Market Scope
Robotic Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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China 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 56.23% in 2023. Horizon Databook has segmented the China robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
China is one of the most technologically advanced countries, which significantly contributes to the healthcare industry of the region. In addition, rise in the geriatric population and presence of a large fraction of the population belonging to the middle-income group increases the demand for innovative & cost-effective medical equipment, which is expected to attract major medical device companies to this region.
The low cost of labor is one of the key factors, and outsourcing clinical research services in China is cost-effective. Owing to this reason, the number of clinical research studies in China is expected to increase. This is expected to boost competition in the market in China.
For instance, in March 2023, GE Healthcare established a long-term joint venture with Sino pharm as part of its strategy to further penetrate the medical device market in China. China held the second-largest share of the overall medical device outsourcing market owing to the increase in the number of collaborations of industry players with Original Equipment Manufacturers (OEMs) present in this region.
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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 China robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into China robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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China robotic prosthetics market size, by extremities, 2016-2030 (US$M)
China Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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