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Increasing Product LaunchesKey companies focusing on product launches to advance the development of new technology prosthetics are expected to propel the growth of the global orthopedic prosthetic market during the forecast period. For instance, in September 2022, Ossur, one of the global leaders in the orthotics and prosthetics (O&P) industry, announced the launch of a new POWER KNEE, a bionic technology and a motor prosthesis. The power knee, uses advanced algorithms to detect motion, movement pattern, and adjust the speed of wearer. They are designed to create motion and provide active powered assistance.
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