Robotic Prosthetics Market Set for 9% CAGR Growth from 2023 to 2032 Amidst Rising Healthcare Investments
The Robotic Prosthetics Market has been experiencing significant growth and advancements in recent years. In 2022, the market was valued at USD 1,392.6 million and is projected to reach USD 3,212 million by 2032, registering a robust Compound Annual Growth Rate (CAGR) of 9% from 2023 to 2032. Several factors are driving this growth, including increasing investments in healthcare technology, rising incidences of disabilities and amputations, and advancements in robotics and artificial intelligence. Recent developments in materials science and biomechanical engineering have led to more efficient and user-friendly prosthetic devices. However, the market faces challenges such as high costs associated…
- Date: May 23, 2024
- Author: Robert Shaw
- Category: PharmiWeb