Mexico Robotic Prosthetics Market Size & Outlook
Mexico robotic prosthetics market, 2016-2030 (US$M)
Related Markets
Mexico robotic prosthetics market highlights
- The Mexico robotic prosthetics market generated a revenue of USD 13.2 million in 2023 and is expected to reach USD 24.9 million by 2030.
- The Mexico market is expected to grow at a CAGR of 9.5% 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 13.2 million |
| Market revenue in 2030 | USD 24.9 million |
| Growth rate | 9.5% (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, Mexico accounted for 0.9% 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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Mexico 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 56.06% in 2023. Horizon Databook has segmented the Mexico robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
Mexico is the second-largest medical device market in Latin America and is also expected to showcase significant growth in the medical device outsourcing market during the forecast period. The low cost of manufacturing is expected to attract global medical device companies to this country, Presence of skilled personnel and funding from government organizations in Mexico is making it one of the profitable destinations for outsourcing medical device manufacturing services.
Furthermore, migration from all other Latin American countries has resulted in an increase in the workforce in Mexico. As a result, Mexico has a favorable workforce supply and demand ratio, thus, it has stable labor rates for medical device manufacturing.
Proximity to the U.S. is also expected to reduce the monitoring cost of medical device firms. This trend is expected to significantly contribute to the growth of the medical device outsourcing market in the country.
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Our clientele includes a mix of robotic prosthetics market companies, investment firms, advisory firms & academic institutions.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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Horizon Databook provides a detailed overview of country-level data and insights on the Mexico robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into Mexico robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Mexico robotic prosthetics market size, by extremities, 2016-2030 (US$M)
Mexico Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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