India Robotic Prosthetics Market Size & Outlook, 2023-2030
India robotic prosthetics market, 2016-2030 (US$M)
Related Markets
India robotic prosthetics market highlights
- The India robotic prosthetics market generated a revenue of USD 33.1 million in 2023 and is expected to reach USD 66.5 million by 2030.
- The India market is expected to grow at a CAGR of 10.5% 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 33.1 million |
| Market revenue in 2030 | USD 66.5 million |
| Growth rate | 10.5% (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, India accounted for 2.1% 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 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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India 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 56.19% in 2023. Horizon Databook has segmented the India robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
Global medical device companies commonly outsource their manufacturing services to India. Lower costs of labor, improved infrastructure, and a large number of technical experts are some of the major drivers for the growth of the medical device outsourcing market in this country.
In addition, India is one of the most popular locations for outsourcing manufacturing services because of the rise in government financing for R&D to expedite new product development. Hence, outsourcing various services to emerging countries such as India is expected to boost the market in the country and improve the competition among market players in India In May 2023, the Indian Government introduced a program to support the enhancement of existing and newly established medical device clusters.
This initiative is designed to fortify these clusters by offering financial assistance and promoting the establishment or reinforcement of testing laboratories for medical devices, thereby enhancing quality and fostering sustainable growth.
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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 India robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into India robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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India robotic prosthetics market size, by extremities, 2016-2030 (US$M)
India Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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