PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629630
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1629630
Robotic Prosthetics Market, By Technology, By Extremity, By End User, By Geography
The Global Robotic Prosthetics Market is estimated to be valued at USD 1.81 Bn in 2024 and is expected to reach USD 3.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2024: | US$ 1.81 Bn |
| Historical Data for: | 2019 To 2023 | Forecast Period: | 2024 To 2031 |
| Forecast Period 2024 to 2031 CAGR: | 9.00% | 2031 Value Projection: | US$ 3.30 Bn |
The global robotic prosthetics market has been witnessing a significant growth over the past few years owing to the increasing incidences of road accidents, injuries, and other physical disabilities across the world. Robotic prosthetics provide a viable solution to restore mobility and independence for individuals affected with various physical disabilities. Technological advancements in materials, sensors, and artificial intelligence have enabled the development of bionic prosthetics that can mimic natural movements. The global leaders in robotics are increasingly focusing on designing human-centric prosthetics with anthropomorphic design and integrated touch sensors. Moreover, favorable reimbursement policies and increasing healthcare spending in developed nations continue to boost the adoption of advanced prosthetics. However, high cost of state-of-the-art bionic prosthetics remains a major growth challenge, specifically in price sensitive developing markets.
Market Dynamics:
The global robotic prosthetics market is primarily driven by the rising geriatric population and subsequent increase in prevalence of age-related disabilities. According to WHO, by 2050, the number of people aged 60 years and older is expected to total 2 billion. Another key growth driver is the increasing incidence of diabetes leading to lower-limb amputations globally. However, high cost of robotic prosthetics remains a major restraint for the market particularly in price-sensitive developing nations. Ongoing technological advancements to develop more dexterous and affordable bionic solutions present lucrative opportunities for market players. Incorporation of pattern recognition technologies, advanced motor control, and sensory feedback systems is expected to revolutionize the market.
Key Features of the Study:
This report provides in-depth analysis of the global robotic prosthetics market, and provides market size (USD Bn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global robotic prosthetics market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Ottobock, Ossur Americas, Touch Bionics, Inc., Endolite, Blatchford Group, HDT Global, SynTouch, Inc., ReWalk Robotics, Steeper Group, Artificial Limbs & Appliances, Freedom Innovations, Aesthetic Prosthetics, Bionics Institute, Kinetic Muscles, and Medtronic
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global robotic prosthetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global robotic prosthetics market
Market Segmentation
- By Technology Insights (Revenue, USD Bn, 2019 - 2031)
- Microprocessor-controlled prosthetics
- Myoelectric prosthetics
- Bionic prosthetics
- Hybrid prosthetics
- By Extremity Insights (Revenue, USD Bn, 2019 - 2031)
- Upper extremity prosthetics
- Prosthetic Arm
- Prosthetic Hand
- Others
- Lower extremity prosthetics
- Prosthetic Knee
- Prosthetic Ankle
- Others
- By End User Insights (Revenue, USD Bn, 2019 - 2031)
- Hospitals
- Rehabilitation centers
- Home care settings
- Others
- Regional Insights (Revenue, USD Bn, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
- Key Players Insights
- Ottobock
- Ossur Americas
- Touch Bionics, Inc.
- Endolite
- Blatchford Group
- HDT Global
- SynTouch, Inc.
- ReWalk Robotics
- Steeper Group
- Artificial Limbs & Appliances
- Freedom Innovations
- Aesthetic Prosthetics
- Bionics Institute
- Kinetic Muscles
- Medtronic
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Global Robotic Prosthetics Market, By Technology
- Global Robotic Prosthetics Market, By Extremity
- Global Robotic Prosthetics Market, By End User
- Global Robotic Prosthetics Market, By Region
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Restraint
- Opportunity
- Impact Analysis
- Key Developments
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
- Industry Trends
4. Global Robotic Prosthetics Market, By Technology, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Microprocessor-controlled prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Myoelectric prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Bionic prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Hybrid prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
5. Global Robotic Prosthetics Market, By Extremity, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Upper extremity prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Prosthetic Arm
- Prosthetic Hand
- Others
- Lower extremity prosthetics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Prosthetic Knee
- Prosthetic Ankle
- Others
6. Global Robotic Prosthetics Market, By End User, 2019-2031, (USD Bn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Hospitals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Rehabilitation centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Home care settings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031, (USD Bn)
7. Global Robotic Prosthetics Market, By Region, 2019 - 2031, Value (USD Bn)
- Introduction
- Market Share (%) Analysis, 2024,2027 & 2031, Value (USD Bn)
- Market Y-o-Y Growth Analysis (%), 2020 - 2031, Value (USD Bn)
- Regional Trends
- North America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Extremity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Extremity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Extremity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Extremity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Extremity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country, 2019 - 2031, Value (USD Bn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, By Technology, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Extremity, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By End User, 2019 - 2031, Value (USD Bn)
- Market Size and Forecast, By Country/Region, 2019 - 2031, Value (USD Bn)
- South Africa
- North Africa
- Central Africa
8. Competitive Landscape
- Ottobock
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Ossur Americas
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Touch Bionics, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Endolite
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Blatchford Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- HDT Global
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- SynTouch, Inc.
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- ReWalk Robotics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Steeper Group
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Artificial Limbs & Appliances
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Freedom Innovations
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Aesthetic Prosthetics
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Bionics Institute
- Kinetic Muscles
- Medtronic
9. Analyst Recommendations
- Wheel of Fortune
- Analyst View
- Coherent Opportunity Map
10. References and Research Methodology
- References
- Research Methodology
- About us
