DUBLIN--(BUSINESS WIRE)--The "Robotic Prosthetic Market By Product Type, By Technology, By Application, By End-Use, and By Region Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The global robotic prosthetic market size is expected to reach USD 2,384.4 Million in 2028 and register a revenue CAGR of 8.9% over the forecast period, according to latest report. The increase in number of people with amputation and technological advancements are the primary factors driving the market growth.

According to the National Diabetes Statistics Report 2020 published by the Centers for Disease Control and Prevention (CDC), about 34.2 million people in the U.S., aged 18 years or older, had diabetes in 2018. This number is expected to grow to about 54.3 million by 2030. Type 2 diabetes is the most common type of diabetes, accounting for around 90% to 95% of all diagnosed cases of diabetes.

Robotic prosthetic devices are used in place of missing limbs or body parts. These devices help in improving the quality of life of people with amputations and provide them with the ability to perform their daily activities. The market for robotic prosthetics is expected to grow at a significant rate owing to the increasing number of people suffering from diabetes and other chronic diseases, which may lead to amputations. Moreover, the rising awareness about these devices and the technological advancements in these devices are some of the factors expected to drive the market growth over the forecast period.

The increasing adoption of robotic prosthetic devices is also attributable to the growing awareness about these devices among patients and physicians. In addition, government initiatives to promote the use of these devices are also expected to drive the growth of the robotic prosthetic market in the coming years.

Some Key Highlights From the Report:

Companies Mentioned

For this report, the publisher has segmented the global robotic prosthetic market based on product type, technology, end-use, application, and region:

Product Type Outlook (Revenue, USD Million; 2018-2028)

Technology Outlook (Revenue, USD Million; 2018-2028)

Application Outlook (Revenue, USD Million; 2018-2028)

End-Use (Revenue, USD Million; 2018-2028)

Regional Outlook (Revenue, USD Million; 2018-2028)

For more information about this report visit https://www.researchandmarkets.com/r/hctdud

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Global Robotic Prosthetic Market Report to 2028 - Advancement in Robotics Technology is Driving Growth - ResearchAndMarkets.com - Business Wire