Bionic Hands Market Size and Forecasts (2021 - 2031), Global and Regional Share, Trends, and Growth Opportunity Analysis

MARKET INTRODUCTION

Bionics are artificial implants, which are used in place of dysfunctional limb or body part. Advances in bionics are positively impacting and helping in restoring physical functionality in the differently-abled patient.

MARKET DYNAMICS

Bionic prosthetic hands are rapidly evolving. Rising cases of amputation due to various risk factors such as sports injuries, accidents, cancerous tumors infection, diabetes-related amputations and others have increased demand of bionic hands in the forecast period. Moreover, increasing usage of technologies such as Bluetooth, microprocessor controller, and myoelectric technology is boosting the demand for bionic devices.

MARKET SCOPE

The "Global Bionic Hands Market Analysis to 2031" is a specialized and in-depth study of the medical device industry with a special focus on the global market trend analysis. The report aims to provide an overview of bionic hands market with detailed market segmentation by type, end user and geography. The global bionic hands market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading bionic hands market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

The global bionic hands market is segmented on the basis of type and end user. Based on type, the market is segmented bionic arm and bionic finger. Based on end user, the market is segmented as hospital & clinics, prosthetic clinics and other.

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global bionic hands market based on various segments. It also provides market size and forecast estimates from year 2021 to 2031 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South & Central America. The bionic hands market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.

The report analyzes factors affecting bionic hands market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trends. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA and South & Central America after evaluating political, economic, social and technological factors effecting the bionic hands market in these regions.

MARKET PLAYERS

The report covers key developments in the bionic hands market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from bionic hands market are anticipated to lucrative growth opportunities in the future with the rising demand for bionic hands market in the global market. Below mentioned is the list of few companies engaged in the bionic hands market.

The report also includes the profiles of key bionic hands market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.

•  Victoria Hand Project
•  SynTouch Inc.
•  Bioparx
•  Ottobock
•  TASKA Prosthetics
•  Youbionic
•  COVVI
•  Endolite
•  Ossur Corporate
•  Vincent Systems GmbH
•  Open Bionics

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.

Bionic Hands Report Scope