Market revenue in 2023 | USD 15.0 million |
Market revenue in 2030 | USD 25.5 million |
Growth rate | 7.9% (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 |
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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 56.67% in 2023. Horizon Databook has segmented the Sweden 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 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.
Horizon Databook provides a detailed overview of country-level data and insights on the Sweden robotic prosthetics market , including forecasts for subscribers. This country databook contains high-level insights into Sweden robotic prosthetics market from 2016 to 2030, including revenue numbers, major trends, and company profiles.
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