Hybrid Assistive Limb Market

Executive Summary

Hybrid Assistive Limb Market was valued at US $1.61 billion in 2021 and is projected to grow at 5.53% CAGR over the forecast period to reach US $2.23 billion by 2027. Hybrid Assistive Limb Market represented US $0.16 billion opportunity over 2019-2021 and estimated to create US $0.62 billion opportunity in 2027 over 2021.

Hybrid Assistive Limb from Consainsights analyses the Hybrid Assistive Limb Market in the Life Sciences industry over the forecast period to 2027.

Hybrid Assistive Limb research report from Consainsights outlines the detailed strategic analysis, trends, market opportunities, growth prospects, industry and market challenges and sustainable solutions to sustain in the competitive environment.

Hybrid Assistive Limb segmentation includes Product Type, Application, Region and Geography.

Based on the Product Type, the Hybrid Assistive Limb analysis covers EXOSKELETONS, MPC PROSTHETICS, ASSISTIVE ROBOTS.

In Product Type segment, EXOSKELETONS segment has highest cagr growth of 4.90%.

Based on the Application, the Hybrid Assistive Limb analysis covers STROKE, ORTHOPEDICS, OTHERS.

In Application segment, STROKE segment has highest cagr growth of 4.90%.

Based on the Region, the Hybrid Assistive Limb analysis covers NORTH AMERICA, EUROPE, ASIA-PACIFIC, LAMEA.

In Region segment, NORTH AMERICA segment has highest cagr growth of 4.90%.

Based on the region, the Hybrid Assistive Limb analysis covers North America, Europe, Asia-Pacific, Middle-East & Africa, Latin America.

Key companies operating in the market include ALTERG, INC., ASSISTIVE INNOVATIONS CORP., BIONX MEDICAL TECHNOLOGIES, INC., BIONIK LABORATORIES CORP., CHAS. A. BLATCHFORD & SONS LTD. (ENDOLITE), CYBERDYNE, INC., EKSO BIONICS, FOCAL MEDITECH, FREEDOM INNOVATIONS LLC, HOCOMA and so on. This report covers the detailed analysis of the company profiles such as business segments, product portfolio, key brand insights and growth strategies adopted, company SWOT and Strategy analysis along with the financial analysis and analyst insights on the key companies operating in this market.

Market Overview

Definition & Scope

The base currency considered was the US Dollar (USD). Conversion of other currencies to USD was considered on the basis of the average exchange rate for the respective review-period years. The exchange rate conversion for forecast period was determined according to the base year’s conversion rates.

The base year was identified based on the availability of annual reports and secondary information. The base year considered for this study is 2027.

The review period considered for this study is from 2018-2027. The CAGR is for the forecast period, 2022-2027.

Market size estimations for the forecast years were in real terms. Inflation is not part of the pricing, and the average selling price (ASP) was kept constant throughout the forecast period for each country.

Distribution of primary interviews conducted was based on the regional share of the market and the presence of key players in each region.

As a result of data triangulation through multiple methodologies and approaches, the weighted averages of resulting estimates were considered to be the final values.

Currency, Year & Forecast

The currency used in this report is USD, with the market size indicated in terms of USD million/billion.

For companies reporting their revenues in USD, the revenues were taken from their respective annual reports/SEC filings.

For companies reporting their revenues in other currencies, the average annual currency conversion rates were used for a particular year to convert the value to USD Market Definition.

Product Type

Introduction

In 2021, EXOSKELETONS segment has the highest revenue of US $0.83 billion and is expected to grow at CAGR of 4.90% by 2027 EXOSKELETONS segment has highest cagr growth of 4.90%.

EXOSKELETONS

EXOSKELETONS segment was valued at US $0.75 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $1.15 billion by 2027. EXOSKELETONS segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.32 billion opportunity in 2027 over 2021.

MPC PROSTHETICS

MPC PROSTHETICS segment was valued at US $0.37 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.57 billion by 2027. MPC PROSTHETICS segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.16 billion opportunity in 2027 over 2021.

ASSISTIVE ROBOTS

ASSISTIVE ROBOTS segment was valued at US $0.33 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.51 billion by 2027. ASSISTIVE ROBOTS segment represented US $0.04 billion opportunity over 2019-2021 and estimated to create US $0.14 billion opportunity in 2027 over 2021.

Application

Introduction

In 2021, STROKE segment has the highest revenue of US $0.89 billion and is expected to grow at CAGR of 4.90% by 2027 STROKE segment has highest cagr growth of 4.90%.

STROKE

STROKE segment was valued at US $0.80 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $1.23 billion by 2027. STROKE segment represented US $0.09 billion opportunity over 2019-2021 and estimated to create US $0.34 billion opportunity in 2027 over 2021.

ORTHOPEDICS

ORTHOPEDICS segment was valued at US $0.42 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.65 billion by 2027. ORTHOPEDICS segment represented US $0.05 billion opportunity over 2019-2021 and estimated to create US $0.18 billion opportunity in 2027 over 2021.

OTHERS

OTHERS segment was valued at US $0.23 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.35 billion by 2027. OTHERS segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.10 billion opportunity in 2027 over 2021.

Region

Introduction

In 2021, NORTH AMERICA segment has the highest revenue of US $0.81 billion and is expected to grow at CAGR of 4.90% by 2027 NORTH AMERICA segment has highest cagr growth of 4.90%.

NORTH AMERICA

NORTH AMERICA segment was valued at US $0.73 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $1.12 billion by 2027. NORTH AMERICA segment represented US $0.08 billion opportunity over 2019-2021 and estimated to create US $0.31 billion opportunity in 2027 over 2021.

EUROPE

EUROPE segment was valued at US $0.29 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.45 billion by 2027. EUROPE segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.12 billion opportunity in 2027 over 2021.

ASIA-PACIFIC

ASIA-PACIFIC segment was valued at US $0.27 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.41 billion by 2027. ASIA-PACIFIC segment represented US $0.03 billion opportunity over 2019-2021 and estimated to create US $0.11 billion opportunity in 2027 over 2021.

LAMEA

LAMEA segment was valued at US $0.16 billion in 2019 and is projected to grow at 4.90% CAGR over the forecast period to reach US $0.25 billion by 2027. LAMEA segment represented US $0.02 billion opportunity over 2019-2021 and estimated to create US $0.07 billion opportunity in 2027 over 2021.