Egypt’s Freight Forwarding Market to grow at the rate of 7.1% in the upcoming period between 2022 to 2026 owing to government policies such as the NRP alongside technological innovations such as efficient freight matching: Ken Research

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History of steady growth alongside a positive future forecast provides Egypt’s logistics Market increasing confidence & interest of stakeholders, says a report by Ken Research

1. Government policies to be the backbone of Market development in Egypt’s Freight Forwarding Market

Overall Government spending in Egypt’s Logistics Market

The government is also upgrading airports, ports, and transportation networks.  In total, the Ministry of Transport has around 25 projects in the railway sector in the pipeline.  The government’s top priority is to connect the cities with decent transportation means and to develop the roads and ports for industrial expansions. Implementation of National Roads Project especially along the regional economic corridors will improve the quality of road infrastructure and develop smooth and quality freight transport and cargo exports/ imports.

2. “Technology to the Rescue:” Efficient Freight Matching, Better Profitability, Smarter Operations and Greater Service Quality are some of the benefits of Digital Freight Aggregator Platforms.

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Technology options such as Efficient Freight Matching, better profitability, smarter operations & greater service quality serve as a major benefit for Egypt’s Logistics Market. A major benefit of Digital Truck Aggregator Platforms is that they have a large Shipper and Trucker Base and offer services such as Freight Listing, Freight Brokerage and Online Transactions to earn revenue. Furthermore, digital Truck aggregator platforms are reshaping the trucking industry in Egypt by increasing operational efficiency, reducing costs & increasing profitability.

Major Players Mentioned in the Report:

Egypt Logistics Market

• DSV
• EGL Egypt
• Alfa Logistics
• Logisitca

Egypt Express Market

• Bosta
• MECS
• FedEx
• Opex
• R2X

Egypt Freight Market

• DHL Global
• Tiffany Cargo
• Nile Logistics
• GAC
• DSV

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report:

• E-commerce Companies
• Third-Party Logistic Providers
• Potential Market Entrants
• Freight Forwarding Companies
• Warehousing Companies
• Cold Storage Companies
• Industry Associations
• Consulting Agencies
• Government Bodies & Regulating Authorities

Time Period Captured in the Report:

• Historical Period: 2017-2021
• Base Year: 2021
• Forecast Period: 2022-2026

For more insights on market intelligence, refer to the link below: –

Egypt Logistics Market

Related Reports by Ken Research: –

USA Logistics Industry Outlook to 2026

Australia Logistics Market Outlook to 2025

Malaysia Used Car Market is expected to grow at a CAGR of over 8% over the next 5 years

 Used car sales to cross over 900,000 units by 2026, witnessing a CAGR of 8% over 2021-2026 with the market being dominated by local players: Ken Research

 1. The automotive industry is dominated by local players & unorganized dealers along with increased popularity of Japanese brands.

                       

Unorganized Players in Malaysia Used Car Market: Click Here

Used car sales in Malaysia are expected to cross over 955,000 units by 2026, witnessing a CAGR of around 8% over 2021-2026. Perodua and Proton are the most preferred vehicle brands, together accounting for more than half of overall market share by volume. Moreover, unorganized dealers are preferred especially in rural areas & outskirts of urban regions.

2. Auction Houses act as a major source of Used cars across Malaysia for independent used car dealers.

                     

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Auction houses & companies are the main suppliers of cars for independent dealers who source used cars from these auction houses. Around 4,000 cars are sold through auction platform every year to dealers/ end consumers amounting to a GTV of around MYR 130 Mn. Moreover, around 85% of the sales of auction houses go to independent dealers while the remaining are bought directly by end-users/customers. Furthermore, used cars are mainly supplied by car leasing and rental companies to these auction houses. Large auction houses offer services such as member cards & collectable points, complete vehicle documents & history report and vehicle control card along with transparency in the buying process through live bidding. Some of the major used car auction houses in Malaysia include G-Mart, Pickles Auction, MUV, NG Chan Mau & Co. These players and have also ventured into online auctions.

3. The industry is expected to grow at 8% over the next 5 years because of increasing preference towards personal owned vehicles and growth of online platforms.

                           

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The used car sales surged in 2021 from 2020 by over 50% because of the sudden surge in demand due to Covid-19; however, with full vaccination happening and Malaysia adopting itself to the new normal, the sales reduced slightly in 2022 and are expected to stabilize further. Moreover, Multi-brand and authorized dealerships are likely to expand their network to different regions across Malaysia to enhance e their reach and expand customer base. The dependence on independent dealerships for facilitating transactions in the unorganized market is expected to decline with the growth of online classified platforms.         

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Future Outlook of Africa Data Center and Cloud Services Market: Ken Research

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What Is The Size Of Africa Data Centre Indafricatry?

Africa Data Centre and Cloud Service Market is growing at a CAGR of ~% in 2017-2022 and is expected to reach US $ ~ Bn by 2027.

The Africa Data Centre and Cloud Service Market is largely driven by boost in the technological innovation & subsequent integration in the market.

In recent years, the impact of technological advancements has revolutionized the industry. The increasing Africae of 5G services alongside its integration in the market has helped boost the industry profits. Moreover, implementation of green energy by companies such as Microsoft has also increased the confidence of stakeholders.

The Africa Data Centre and Cloud Service Market is currently expanding. The pandemic has compelled people to work from home as a result of which data center is no longer a want rather a need. Thus, in the aftermath, the market has seen emergence of new startups & growth in the profits of existing companies such as Microsoft & Google.

The market has seen a stable growth as a result of favorable government policies such as integration of green energy in the setting up of facilities.

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Africa Data Centre and Cloud Service Market By Market Structure

The Africa Data Centre and Cloud Service Market is segmented by services into monitoring services, professional services, system integration. There is a preference towards professional services as the market is growing at a rapid pace with endless opportunities.

Africa Data Centre and Cloud Service Market By Solution

The Africa Data Centre and Cloud Service Market is segmented by Solution into Power, Server, Management software, Networking technology & Cooling. The market preference is towards Management Software due to a vast number of startups entering the market alongside increasing number of opportunities.

Africa Data Centre And Cloud Service Market By Type

The Africa Data Centre and Cloud Service Market is segmented by Type into Enterprise Data Centre, Colocation Data Centre, Managed Service data Center, Cloud Service Data center. The market preference is towards Cloud Service Data Center.

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Africa Data Centre And Cloud Service Market By End User

The Africa Data Centre and Cloud Service Market is segmented by End user into Healthcare, IT, Telecom. The market is towards IT owing to increase in digitalization of every sector alongside an increasing support by the government to integrate technology into various domains.

Competition Scenario In Africa Data Center And Cloud Service Market

Africa’s Data Centre and Cloud Service Market is a fragmented market which is still in the growing phase. With technology integration in the country and more favorable government policies are the major reason for the entrance of the new players. Sone of the major players in the AFRICA Data Centre market are Africa Data Centers, NTT Global Data Centers, Paratus Namibia, Egypro, Raxio, MainOne,IX Africa, Icolo.

What Is The Expected Future Outlook For The Overall Africa Data Centre And Cloud Service Market Across The Globe?

The Africa Data Centre and Cloud Service Market was valued at US $ ~billion in 2022 and is anticipated to reach US $~billion by the end of 2027, witnessing a CAGR of ~% during the forecast period 2022-2027. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Africa Data Centre and Cloud Service Market is driven by boost in technology integration, government initiatives on infrastructure development. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

The Africa Data Centre and Cloud Service Market will expand in the coming years as a result of the increased focus of Data Centre companies on infrastructure development, entry of new players. With this trend, the inflow of investments will increase in the future.

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Time Period Captured in the Report:

• Historical Period:2017- 2022
• Base Year: 2022
• Forecast Period: 2022-2027

Key Target Audience:

• Hospital
• ASC
• Consulting service Providers
• Government
• IT Service providers

Companies Covered:

• Interkel
• NTT Global Data Center
• African data Centers
• Paratus Namibia
• MainOne
• IX Africa
• Icolo

For more insights on market intelligence, refer to the link below: –

Africa Data Centre & Cloud Services Market

Related Reports by Ken Research: –

Thailand Data Center & Cloud Services Market Outlook 2027

KSA Data Center & Cloud Services Market Outlook 2026

Breaking Boundaries: India’s Buy Now Pay Later Phenomenon Sparks Credit Revolution- But Is it Sustainable?: Ken Research

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The Buy Now Pay Later (BNPL) market in India has experienced an unprecedented surge, becoming a catalyst for the credit revolution in the country. With a staggering compound annual growth rate of ~321% between 2019 and 2021, the BNPL industry has witnessed remarkable growth. The sector is currently driven by factors such as increasing smartphone and internet penetration, coupled with unmet credit demands that were unfulfilled by the credit card players. However, amidst the skyrocketing growth, the sector faces certain challenges like the lack of government regulations and the rising number of BNPL fraudulent providers. Now this raises a question on the sustainability of the BNPL market. Here is Ken research observation on the landscape of the BNPL industry in India.

1. Buy Now Pay later Services (BNPL) are recognized as Proxy lending services by RBI: BNPL companies are proxies between lending partners and customers

2. In India, increasing smartphone and internet penetration, and credit demand unfulfilled by credit cards helped the BNPL players proliferate

2.1 Additionally, E-commerce and convenience offered by BNPL services are primary reasons for users to adopt Pay Later practices

3. Currently, no laws specific to BNPL lending are in place: RBI is considering measures and policies to regulate the BNPL market

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3.1 Also, the large number of fraudulent BNPL providers is a concern for the consumer that inhibits the growth of the industry: New regulations could change the scenario for BNPL companies

4. Still, the industry has a high potential to thrive exponentially owing to the Convenience of credit offered by BNPL players

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India Buy Now Pay Later Market

 

 

Online Test Prep Accounts for a Significant Share of the Test Prep Industry's Total Revenues of More Than Rs 55000 Crore by 2020: Ken Research

 Growing penetration of online test prep solutions in tier-2 and tier-3 regions along with rising number of internet users in the country has been helping the India online test preparation market to register robust CAGR of more than 55% by 2020-2025, as per findings released by Ken Research.

 1. Tier-2 and Tier-3 City Audiences form 60-70% of the user base for Online Test-Prep Players.

Click to Read Full Article: India Test Preparation Market

Users for Test-Prep courses & material is working professionals & students both, but students edge it out to hold a leading share; students opt for test-prep courses more often than working professionals, who also rely on self-study invariably. While the major hotspots for competitive exam aspirants included Uttar Pradesh, Telangana, Madhya Pradesh, Bihar, Andhra Pradesh, Maharashtra, Delhi & Rajasthan, almost 70% of government job aspirants come from Tier II, Tier III & Tier IV cities.

2. Rising Internet Users in India Correlates to Leading Preference of Online Test Preparation; How Does This Shape India Test Preparation Market?

• A staggering 90% of students in a 2019 Grade up survey indicated that they would prefer online modes of test preparation over offline modes. The figure stood at95% for aspirants belonging to Tier-3 & Tier-4 cities.​ Students adopting Online Test Prep due to Learning Flexibility, Affordability & Prevalence of Immediate Results; working professionals going for Online Test Prep due to Convenience, Performance Tracking & the Ease provided to concentrate at home. Moreover, Students preferring online learning primarily opted for Live-online Classes while a lesser proportion opted for Recorded Lectures.
• Among students who are currently pursuing offline exam preparation, 70% would move to online modes if they can get access to live-online video classes. The figure went up-to 80% in-case of Tier-2 & tier-3 cities. The major reason for this shift was cited as Getting Access to Expert Faculty, further strengthening the premise that Tier-2 & Tier-3 cities have sub-standard teaching facilities at centers. Other reasons included the interactive nature that helped in doubt resolution & proper planning through a day-wise.

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UK EV Charging Equipment Market set to grow ~30% CAGR by 2027: How can investments in solving poor charging infrastructure and long queues propel future growth? : Ken Research

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UK EV Charging Equipment Market set to grow ~30% CAGR by 2027: How can investments in solving poor charging infrastructure and long queues propel future growth? : Ken Research

Government will invest £100 Mn in Britishvolt as the car battery manufacturing startup and 500Mn will be invested to bring High Quality and Competitively Priced Public Charge-Points, Says a report by Ken Research

1. UK Government Grants: Promoting Electric Vehicle Adoption through Home and Workplace Charging Schemes, Infrastructure Investment Fund, and Residential Charge Point Scheme.

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The UK government offers a 75% cost contribution for one charge point, with a maximum grant cap of £350 per installation, focusing on home charging for flats and rented accommodation. Over 277,000 charge points have been delivered through the EVHS, and a new £450M fund has been launched for larger-scale infrastructure projects, including rapid hubs and on-street schemes. There is also a voucher-based scheme that supports eligible applicants with 75% of purchase and installation costs, up to £350 per socket, and up to 40 sockets per applicant. Additionally, local authorities can receive grant funding for on-street EV charge point infrastructure, which has supported 2,038 charge points to date, with a further 4,539 planned for 2021-22.

2. Addressing the Growing Demand for Charge Points in the UK: Alleviating End User Frustration over Long Queues and Limited Availability.

Various Government Initiatives Help The Indian Agritech Industry Revenue to Reach Almost INR 11,000 Cr By 2025; Will The Growth Sustain? Ken Research

 Government initiatives such as upgrading of ~22,000 rural haats into Gramin Agricultural Markets, development of 1000 new FPOs, connecting additional 195,000 villages with paved roads by 2025, are expected to supplement the industry’s growth, as per findings released by Ken Research.

1. Government to set up 1,000 farmer producer organizations, allocates nearly, Rs 7,000 crore.

Click to Read Full Article: India Agritech Market

For the transformation of agriculture into a sustainable enterprise through farmer producer organizations (FPOs), the central government proposed to form and promote 10,000 new FPOs in the country with budgetary provision of nearly Rs 7,000 crore. Moreover, "Formation and Promotion of Farmer Producer Organizations” launched on February 19, 2020, to promote 10,000 FPOs in the next five years, starting 2019-20, which would help small, marginal and landless farmers to enhance their income. The objective of the scheme is to provide small and marginal farmers "better collective strength for better access to quality input, technology, credit and better marketing access through economies of scale for better realization of income".

2. Pradhan Mantri Fasal Bima Yojana (PMFBY) becomes a lifeline for the prevalent marginal farmers in India.

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There are estimated about 150 Mn farmers in India with almost 85% of them, owning less than two hectares of farmland. A farmer with average land holding of about one hectare earns a gross income of about Rs 100,000 to meet his personal, family, and occupational needs. Taking the poor condition of the marginal farmers Indian government came with the program- Pradhan Mantri Fasal Bima Yojana (PMFBY) to provide a comprehensive insurance cover against failure of the crop thus helping in stabilizing the income of the farmers.

3. Agri-Market Infrastructure Fund (AMIF) with a corpus of Rs. 2000 crore with the National Bank for Agriculture and Rural Development (NABARD) sets the path for the agritech industry to grow.​

Government of India has announced to develop and upgrade existing 22,000 rural haats into Gramin Agricultural Markets (GrAMs). In these GrAMs, physical infrastructure will be strengthened using MGNREGS and other Government Schemes. Further, the Government has announced to set up of an Agri-Market Infrastructure Fund with a corpus of INR 2000 crore for developing and upgrading agricultural marketing infrastructure in the 22000 Gramin Agricultural Markets (GrAMs) and 585 Agricultural Produce Market Committees (APMCs).

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Global Smart Vending Machines Market is expected to reach a market size of ~US$ 15 billion by 2028: Ken Research

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What Is the Size of Global Smart Vending Machines Industry?

Global Smart Vending Machines market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 15 Bn by 2028. The Smart Vending Machines Market is largely driven by the increase in demand for self-service technology, and the implementation of IoT and AI services such as cashless transactions and cloud-based systems.

The increase in demand for self-service technology such as cashless transactions and the cloud-based system is driving the growth of the global Smart Vending Machines market. In March 2022, Digital Media Vending International launched the cloud-managed AI enabled vending machine the smart vending machine will enhance the user experience of vending machines with the help of augmented reality, product recognition, personalized experience, and more.

The initial cost of a smart vending machine is much high than the conventional vending machine as smart vending machines have different features such as AI drove interface, touchpad, fast transactions, and more.  Rising security issues such as burglary and vandalism of smart vending machine is also common throughout the globe, which is hindering the growth of the global Smart Vending Machines market.

The COVID-19 pandemic slowed the growth of the global Smart vending machine market, owing to the shutdown of production activities in various industrial areas including Smart vending machine manufacturing units. As a result, production showed a decline in the global exoskeleton market.

Global Smart Vending Machines Market By Product Type

The Global Smart Vending Machines market is segmented by Product type into Rotodynamic Pumps and Positive Displacement Pumps. The snacks segment is projected to be the fastest growing market during the forecast period for the global Smart Vending Machines market. The growth is primarily due to the variety of products offers in vending machines as snacks such as protein bars, milk, coffee, hot drinks, ice creams and more, which is widely consume by the students and employees globally.

The various mergers and acquisition of snacks companies worldwide is also helping the market to grow at significant rate during forecasting period. In February 2019, Unilever acquired Graze, which is a British snack brand that offers a variety of healthy snacks to consumers snacks as it contains no artificial ingredients, including nuts, seeds, trail mixes, and bars.

Global Smart Vending Machines Market By Power Source

The Global Smart Vending Machines market is segmented by Power source into Electricity Grid-Connection, Diesel/Petrol and Solar. The Free-Standing Machine Type held the largest market share in 2022 in the global Smart Vending Machines market.

The growth is primarily due to the demand for these machines rising because of the widespread use of free-standing vending machines in public spaces including shopping centers, highway medians, bus shelters, train stations, airports, and other sites with high dwell times.

In March 2017, N&W Global Vending S.p.A. has acquired Saeco Vending S.p.A. with this acquisition, the N&W Global Vending S.p.A is able to provide better services for free-standing food vending machines, including coffee and other hot and cold beverages.

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Global Smart Vending Machines Market By Power Rating

The Global Smart Vending Machines market is segmented by Power rating into 0.5-3 hp, 4-15 hp, 16-30 hp, 31-40 hp and >40 hp. The manufacturing segment accounted for the largest market share in the application segment in 2022 for the global Smart vending machines market. The growth is primarily due to the adoption of Smart vending machines in manufacturing units as these have numerous advantages such as cost-effectiveness, cleanliness, and space conservation.

Furthermore, with the launches of various Smart Vending Machines which provide instant snacking and food options for manufacturing site employees 24X7. In July 2021, Daalchini technologies Pvt. Ltd. launched its Pantries at Aditya Birla Group’s Hindalco Plant under which they provide 24X7 food services with 100% contactless food/snacks, cooked meals, and Smart vending machines.

Global Smart Vending Machines Market By Geography

The Global Smart Vending Machines market is segmented by geography into North America, Europe, Asia- pacific and LAMEA. North America accounted for the largest market share among all regions within the total Global Smart Vending Machines Market in 2022. The growth is primarily due to a number of factors, including improvements in communication technology, a rise in the use of mobile payments, and better internet connectivity as smart vending machines are AI based.

Furthermore, the cost of operations and maintenance for intelligent vending machines is significant at first. The need for intelligent vending machines in the North American region is further fueled by the higher purchasing power of businesses operating there.

Competition Scenario in Global Smart Vending Machines Market

The global Smart Vending Machines market is significantly competitive with ~200 players, which include globally diversified players, regional players as well as a large number of country-niche players each with their niche in Smart Vending Machines manufacturers. Large global players constitute ~15% of competitors, while country-niche players represent ~55% of competitors. Most of the Country-Niche and Regional Players are suppliers of components and assembling partners for Global Players. Some of the major players in the market include Fuji Electric Co., Ltd, Royal Vendors, Inc., Crane Payment Innovations (CPI), SEAGA MANUFACTURING INC., FAS International S.P.A., Advantech Co. Ltd., Rhea Vendors Group Spa, Bianchi, Westomatic Vending Services Ltd., Azkoyen Group and among others.

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What is the Expected Future Outlook for the Overall Global Smart Vending Machines Market Across the globe?

The Global Smart Vending Machines market was valued at USD ~billion in 2022 and is anticipated to reach USD ~15 billion by the end of 2028, witnessing a CAGR of ~% during the forecast period 2022-2028. The realistic growth scenario represents the most likely scenario as per current market conditions. This scenario assumes that there will be no overall impact on the market due to any potential COVID-19 waves in the future.

The Global Smart Vending Machines market is driven by the increase in demand for self-service technology, and the implementation of IoT and AI services such as cashless transactions and cloud-based systems. However, the market is also constantly being influenced by rapid development in technology, product innovation, and diversification in some countries.

With the increasing collaboration and emergence of new products, the Global Smart Vending Machines market is changing rapidly. For instance, In January 2021, Westomatic Vending Services Ltd. Launched a smart Nutritional Drinks Dispenser that is going tom delivered in gyms to avoid the spreading of germs and bacteria with its new technology i.e. Completely Contactless.

In May 2018, Crane Payment Innovations released new cashless items and enterprise software for vending machines, which are the telemeters of the future, created to give vending machine operators flexibility and options.

The Global Smart Vending Machines Market is forecasted to grow significantly with a CAGR of ~14% during the forecast period primarily driven by the increase in demand for self-service technology and the implementation of IoT and Ai services such as cashless transactions and cloud-based systems. Though the market is highly competitive with ~ 200 participants, few global players control the dominant share and country-niche players hold a significant share. North America accounted for the largest market share among all regions within the total global Smart Vending Machines market in 2021.

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Global Smart Vending Machines Market

Property Classified to make money via 3 primary means: accessibility of information, efficient transactions, & simplified management & control. Is Technology Inclusion also the Right Tool? Ken Research

 The overall revenue contribution via online classifieds & listings in 2021 amounted to $ 61 Mn, says a report by Ken Research

1. Three forms of technologies: Blockchain, AR and AI in Malaysia are being adopted by startups, global corporations and the government.

                                

      Recent Trends in Malaysia Property Classifieds Market

Inclusion of advanced technologies such as BlockChain, AR & AI in the market is picking up pace. With more than 10 companies having their own website & mobile application, going digital is the new trend. Features such as 3D-Printed buildings in which 3D printers will be capable of printing building components from a wider variety of materials & AR, VR for home viewing in which the technology will be able to offer immersive viewing experience, especially when the buyer or property is overseas, are being included in order to make the property buying experience hassle free & efficient.

2. “Benefit for all:” Both Developers and Consumers are set to benefit from technologies under PropTech Market in Malaysia

                           

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With the inclusion of new technology, both the developers & consumers are bound to benefit. Technologies such as Virtual Reality in which viewers can get an experience of property and surrounding areas without physical site visits & Cloud Computing in which there is an enhanced user experience with integrated solutions such as payment gateways, chatbots, customized search, etc are being included that not only benefit the consumer but also the developer who in turn churns out more profits. Moreover, with an internet penetration rate of more than 88% with 61 Mn smartphone users, technology inclusion is something that will result in ease of business & property viewing.

3. “Technology Upgradation to be the trend:” inclusion of technology & the overall infrastructure improvement is expected to be witnessed in the upcoming years.

                         

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Technology has been increasingly becoming an attractive asset for landlords, potential real estate investors and tenants looking for an efficient and secure opportunity in the Commercial Real Estate segment (CRE). This presents a lucrative opportunity for Property Classified investors to witness high returns on their investment. Further, with newer technology based services such as 360 degree view, listing convenience, subscription management etc., the focus is likely to be on educating individual users. Therefore, the advertisements are more likely to be to focused on the individuals on both the buying and selling side, which could help reduce the resistance of online real estate tractions by individual users. All in all, upcoming projects such as Minest Residence($ 100 Mn) which involves involves the construction of a residential complex comprising two 43-story blocks in Kuala Lumpur are expected to have more property listings on website in order to attract individuals according to their own choices.

 

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Global Prosthetics and Orthotics Market expected to record a CAGR of ~5% during the forecast period (2017-2028): Ken Research

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What Is The Size Of Global Prosthetics & Orthotics Industry?

Global Prosthetics & Orthotics market is growing at a CAGR of ~% in 2017-2022 and is expected to reach ~USD 9 Bn by 2028.

The Prosthetics & Orthotics Market is largely driven by the growing prevalence of osteosarcoma along with the increase in disability rate.

The advancement in technology for the development of prosthetic devices and adoption of technologies like 3D printed prosthetics owing to their cost-effectiveness and easy usage, next-generation technologies such as microprocessors, automation, artificial intelligence (AI), and others is likely to aid the growth of the market.

Lack of proper healthcare infrastructure, especially in low-income or developing countries along with the low-income status of large populations may restrict the growth of the market.

COVID-19 negatively impacted the Prosthetics and Orthotics Market for short time due to the disruption in the supply chain globally, delays in approvals or launch of new medical equipment, and reduced healthcare spending. In addition, essential surgeries or medical procedures were taken into consideration during the initial stage. However, many non-governmental organizations and regulatory agencies responded to the changing scenarios and were seeking approvals for the continuation of prosthetic and orthotic care services to offer essential health benefits to patients during the pandemic. The demand for prosthetic and orthotic care is expected to become stable as physical operations are resumed, which is increasing the demand for the services among the existing amputee population with maintenance.

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Global Prosthetics & Orthotics Market By Type

The Global Prosthetics & Orthotics market is segmented by Type into Orthotics, Upper Limb, Lower Limb, Spinal Orthotics, Prosthetics, Upper Extremity, Lower Extremity, Liners, Sockets and Modular Components.

Orthotics segment held the largest share of the Global Prosthetics and Orthotics Market in 2022, attributed to the increasing number of spinal cord injuries.

The rising cases of road accidents or sports injuries coupled with increasing penetration of orthopedic technology to offer benefits like reduced pain and faster recovery in terms of movement is anticipated to augment the growth of the segment in the Global Prosthetics and Orthotics Market.

Global Prosthetics & Orthotics Market By Technology

The Global Prosthetics & Orthotics market is segmented by Technology into Conventional, Electric-powered and Hybrid Orthopedic Prosthetics.

The conventional segment held the largest share of the Global Prosthetics and Orthotics Market in 2022, owing to its affordability.

The reliability of end-users on conventional technology of prosthetics and orthotics coupled with it also offers advantages such as safety, energy efficiency, stability, and affordability, which is expected to attract consumers and thus is anticipated to boost the growth of the segment in the market.

Global Prosthetics & Orthotics Market By Geography

The Global Prosthetics & Orthotics market is segmented by geography into North America, Europe, Asia- pacific and LAMEA.

North America region accounted for the largest share of the Global Prosthetics and Orthotics Market in 2022, due to the increasing focus on providing quality care along with the growing focus on research and development of new technologies for prosthetics and orthotics.

The increase in investment for research and development for prosthetics and orthotics along with favorable reimbursement policies along with well-established healthcare infrastructure in the region is expected to propel the growth of the region in the market.

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Key Topics Covered in the Report

• Snapshot of the Global Prosthetics and Orthotics Market
• Industry Value Chain and Ecosystem Analysis of the Prosthetics and Orthotics Market
• Market size and Segmentation of the Global Prosthetics and Orthotics Market
• Historic Growth of the Overall Global Prosthetics and Orthotics Market and Segments
• Competition Scenario of the Prosthetics and Orthotics Market and Key Developments of Competitors
• Porter’s 5 Forces Analysis of the Global Prosthetics and Orthotics Industry
• Overview, Product Offerings, and Strategic Developments of Key Competitors
• COVID-19 Impact on the Overall Global Prosthetics and Orthotics Market
• Future Market Forecast and Growth Rates of the Global Prosthetics and Orthotics Market and by Segments
• Market Size of Application/End-User Segments with historical CAGR and Future Forecasts
• Analysis of the Prosthetics and Orthotics Market in Major Regions
• Major Production / Consumption Hubs in the Major Regions
• Major Production/Supply and Consumption/Demand Hubs in Each Region
• Major Country-wise Historic and Future Market Growth Rates of the Total Prosthetics and Orthotics Market and Segments
• Overview of Notable Emerging Competitor Companies within Each Major Region

Major Companies Mentioned in the Report

• Fillauer LLC
• Bauerfeind
• Ottobock
• Zimmer Biomet
• Blatchford Limited
• Steeper Inc.
• Johnson and Johnson
• Stryker
• Smith+Nephew
• Össur

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Notable Emerging Companies Mentioned in the Report

• Sarcos Robotics
• Ekso Bionics
• ReWalk Robotics
• Xilloc Medical
• Cyberdyne

Key Target Audience – Organizations and Entities Who Can Benefit by Subscribing This Report

• Prosthetics and Orthotics Manufacturers
• Healthcare Research Institutes
• Market Research & Consulting Firms
• Research and Development Associations
• Investment Banking & Financial Institutes
• PE and VC Firms focused on Medical Devices
• Research & Development Institutes for Prosthetics and Orthotics Sector
• Prosthetics and Orthotics Providers
• Prosthetics and Orthotics Suppliers
• Investors in Prosthetics and Orthotics Start-ups
• Prosthetics and Orthotics Distributors
• Government Regulatory Authorities of Healthcare
• Investors in Prosthetics and Orthotics Companies
• Potential Entrants into Prosthetics and Orthotics
• Potential Entrants into Medical Devices

Time Period Captured in the Report

• Historical Period: 2017-2021
• Forecast Period: 2022E-2028F

For more insights on market intelligence, refer to the link below: –

Global Prosthetics and Orthotics Market