Low Mkt Cap
#38 of 49
$8 B
Lowest CAGR
#44 of 49
15 %
Researchers at MIT have developed a prosthetic ankle that can adapt to different terrains, allowing amputees to move more naturally on uneven surfaces. Myoelectric prosthetics use sensors to detect the electrical signals generated by a user's muscles and convert them into movement. An exoskeleton is a wearable device that can help people with spinal cord injuries or other mobility impairments to stand and walk again.
0 FDA approvals in Prosthetics and Orthotics
Customization
"Advances in prosthetics and orthotics technology have enabled greater customization, allowing for devices that better meet the unique needs and preferences of individual patients." - Journal of Rehabilitation Research and Development, December 2021
Sensor Technology
"Prosthetics and orthotics incorporating sensor technology can provide real-time feedback on gait and other biomechanical parameters, enabling adjustments to improve function and comfort." - Clinical Biomechanics, January 2022
3D Printing
"3D printing has revolutionized the prosthetics and orthotics field by enabling faster and more cost-effective production of customized devices." - Journal of Prosthetics and Orthotics, February 2022
Investor sentiment
Grand View ResearchApril 2021
"...The global prosthetics and orthotics market size is expected to reach $18.5 billion by 2028, driven by the increasing prevalence of chronic diseases and conditions, the growing geriatric population, and the rising adoption of advanced prosthetic and orthotic devices."
Allied Market ResearchJuly 2021
"...The global prosthetics and orthotics market is projected to grow at a CAGR of over 4% during the period 2021-2028, driven by the increasing prevalence of orthopedic disorders and disabilities, the growing demand for personalized and functional prosthetic and orthotic devices, and the rising investments in R&D and innovation."
MarketWatchApril 2021
"...The prosthetics market is expected to grow at a CAGR of 5.3% from 2020 to 2027, driven by the increasing incidence of amputations and disabilities, the growing awareness about advanced prosthetic technologies, and the rising adoption of robotic and bionic prosthetics."
Sector leaders
Össur
Össur announces the launch of a prosthetic foot that uses embedded sensors to gather data and machine learning to turn that data into predictive analytics. The technology, called VeriSense, helps users adjust their walking style, making it more natural and improving balance.
Hanger, Inc.
Hanger, Inc. announced the opening of a new, state-of-the-art 136,000-square-foot manufacturing facility that will produce prosthetic and orthotic devices. The facility will utilize the latest in advanced manufacturing technologies, including 3D printing and computer-aided design and manufacturing (CAD/CAM) software.
