The factor driving the rise in Neuroprosthetics Market is the rising number of patients with neurological illnesses and nerve injuries. Additionally, rising amputation rates due to an increase
/PRNewswire/ Verified Market Research recently published a report, "Neuroprosthetics Market" By Technique (Spinal Cord Stimulation, Deep Brain Stimulation),.
CT Scanner Market is expected to generate a revenue of USD 9.13 Billion in 2030, Globally, at 4.92% CAGR: Verified Market Research® forextv.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from forextv.com Daily Mail and Mail on Sunday newspapers.
Prosthetics Market worth $ 13.12 Billion, Globally, by 2028 at 4.51 % CAGR: Verified Market Research
JERSEY CITY, N.J., May 10, 2021 /PRNewswire/ Verified Market Research recently published a report, Prosthetics Market By Component (Upper Limb Extremity and Lower Limb Extremity), By Technology (Body Powered, Electrically Powered and Hybrid Prosthetics), By End User (Prosthetic Clinics, Hospitals and Rehabilitation Centers ), and By Geography. According to Verified Market Research, the Global Prosthetics Market was valued at USD 9.22 Billion in 2020 and is projected to reach USD 13.12 Billion by 2028, growing at a CAGR of 4.51% from 2021 to 2028.
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Global Prosthetics Market Overview
A primary driver for growth of the Global Prosthetics Market is the increasing number of diabetes patients in the children and geriatric population. Prosthetics Market will grow exponentially owing to the rise of amputation surgeries worldwide along with decrease in operational cost.
According to WHO, between 20 to 50 million people worldwide suffer non-fatal road injuries, which causes a disability in their bodies. The Amputee Coalition, a U.S. nonprofit organization estimates that, as of 2017, more than 2 million Americans are living with the loss of a limb. Every year, vascular diseases (induced by diabetes or peripheral artery diseases), cancer, or traumatic injuries are the cause of approximately 185,000 amputations are performed in the United States alone. Of these, traumatic injuries is a growing concern not just because of their prevalence (45% of all amputations are due to traumatic injuries) but also because they happen without warning.