Norway Robotic Prosthetics Market Size & Outlook
Norway robotic prosthetics market, 2016-2030 (US$M)
Related Markets
Norway robotic prosthetics market highlights
- The Norway robotic prosthetics market generated a revenue of USD 13.5 million in 2023 and is expected to reach USD 20.7 million by 2030.
- The Norway market is expected to grow at a CAGR of 6.3% 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 13.5 million |
| Market revenue in 2030 | USD 20.7 million |
| Growth rate | 6.3% (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, Norway 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 Europe, Germany robotic prosthetics market is projected to lead the regional market in terms of revenue in 2030.
- France is the fastest growing regional market in Europe and is projected to reach USD 60.8 million by 2030.
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Robotic Prosthetics Market Scope
Robotic Prosthetics Market Companies
| Name | Profile | # Employees | HQ | Website |
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Norway 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 57.04% in 2023. Horizon Databook has segmented the Norway robotic prosthetics market based on mpc prosthetics, myoelectrical prosthetics covering the revenue growth of each sub-segment from 2016 to 2030.
According to Business Monitor International, Sweden is the fourth most attractive market in Western Europe for the commercialization of medical devices. Domestic production is strong in areas such as hospital wheelchairs, sterilizers, and blood pressure monitors. The majority of the local production is for export.
The medical device manufacturing industry in Sweden is relatively small and employs approximately 18,000 people. The majority of manufacturing firms are small to mid-size companies with a small number of MNCs having their own local subsidiaries. The International Trade Administration states that Sweden’s healthcare system is one of the most well developed healthcare systems in the world.
The average life expectancy in the country is 84 years for women and 81 years for men. The country has one of the oldest geriatric population in the world, which is 19.8%. This is increasing the demand for medical devices in the country, thereby creating opportunities for market players in Sweden.
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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 Norway robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into Norway robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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Norway robotic prosthetics market size, by extremities, 2016-2030 (US$M)
Norway Robotic Prosthetics Market Outlook Share, 2023 & 2030 (US$M)
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