Global Powered Prosthetics Market - 2024-2031

Powered Prosthetics Market Size

The Powered Prosthetics Market reached US$ 1.4 billion in 2023 and is expected to reach US$ 2.75 billion by 2031, growing at a CAGR of 9% during the forecast period 2024-2031.

Prosthetics is a branch of science that deals with the manufacturing and fitting of artificial parts of the body to replace the missing parts of the body that are lost through physical trauma or disease. The body-powered prosthetics are a prosthetic hook or a hand or leg that is operated by the combination of the body harness, anterior or posterior body muscles, and the individual's sound limb or hand all together connected through a cable. The shifts that are present in the harness and the muscle tension pull on the cable which allows the wearer to open and close the hand or leg and the hook.

The main advantage of powered prosthetics is the ability to provide substantial, propulsive, and supportive power to the joints. It helps in reducing pain and complication improve mobility and prevent comorbidities in amputees. One of the most important parts of the powered prosthetics is the body-powered hook. There are two types of hooks and they are voluntary opening and voluntary closing. These are generally made up of 3D-printed plastic, steel, or titanium and lined with rubber for better gripping purposes.

Market Dynamics: Drivers

Increasing prevalence of amputations and traumas

The demand for the powered prosthetics market is driven by multiple factors. The rising prevalence of amputations and traumas due to various diseases or traumas is propelling the market growth.

According to nih.gov, people who suffer from diabetes mellitus lead to amputation of limbs in a few cases. When the foot gets affected due to diabetes, 10 - 25% of the cases lead to amputation within 6 to 18 months of evaluation. The percentage of males was more than the percentage of females who led to amputation. Technological advancements in prostheses in recent years, such as haptic feedback, active power, and machine learning for prosthetic control, have opened new doors for improved functioning, satisfaction, and overall quality of life. However, little attention has been paid to ethical considerations surrounding the development and translation of prosthetic technologies into clinical practice.

An improved understanding of the biomechanics of locomotion has contributed to enhanced lower limb prosthetic component design. Dynamic response feet utilize advanced metals and polymers to allow dampening of ground reaction forces and return of energy through the recoiling effects of the materials that are deformed. The shape and configuration of these feet are influenced by the presence or absence of rotational components, the presence or absence of bumper stops for plantar and dorsiflexion, and the design of the forefoot or heel keel, which is part of the prosthesis that deforms or recoils in response to the amount of weight bearing and ground reactive force. These features may provide greater or lesser ankle or foot motion to enhance participation in various sports and recreational activities.

Restraints

Factors such as the high cost of the device and lack of reimbursement policies are expected to hamper the market.

Market Segment Analysis

The powered prosthetics market is segmented based on product type, technology, end-user, and region.

The segment body-powered technology accounted for approximately 52.3% of the power prosthetics market share

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The Body-Powered Prosthesis (so-called mechanical prostheses) is operated with straps that commonly pass over the amputees' shoulders and is controlled by scapula abduction; a motor driven by microswitches operates the Electrical Hand; and the Myoelectric Hand is operated by a microprocessor and a motor which are controlled by electromyography signals (EMG). The EMG signals are biological signals that occur in the residual limb and can be collected with sensors to control the movement of the prosthesis.

As mentioned earlier, the body-powered prosthesis is operated by some motioning of the amputees' shoulders to control the prosthetic component with the necessary force. In other words, a line is attached to the body-powered prosthesis and controls the opening and closing process, pulling the line to open the hand and releasing it to close the hand. Thus, it is possible to control the movement of the body-powered prosthesis with an electronic circuit instead of scapula abduction.

For instance, on October 24, 2023, Airbender, the wearable upper limb prosthetic was designed by the University of Oxford to be affordable, comfortable, and intuitive for young users. A unique turbine and gearbox optimize torque and revolutions per minute (RPM).

Market Geographical Share

North America accounted for approximately 43.2% of the power prosthetics market share

North America region is expected to hold the largest market share over the forecast period. With the rising incidence of amputations and traumas and the presence of major players in this region, funds for research work help to propel the market.

According to nih.gov, over 150,000 people undergo amputations of the lower extremity in the United States each year. This incidence is directly proportional to rates of peripheral arterial occlusive disease, neuropathy, and soft tissue sepsis. This correlation is due to the increased incidence of diabetes mellitus, which is present in 82% of all vascular-related lower extremity amputations in the United States.

Patients with diabetes mellitus have an astounding 30 times greater lifetime risk of undergoing an amputation when compared to patients without diabetes mellitus, which translates to an economic strain in healthcare systems of over $4.3 billion in annual costs in the USA alone. Trauma to the lower extremity can lead to amputation in over 20% of patients when associated with severe wound contamination and significant soft tissue loss. Battle-related explosive events can lead to amputation in 93% of cases and approximately 2% of combat casualties least to limb amputation.

For instance, on December 29, 2023, a smoother experience for robotic prosthetic leg users is the aim of a University of Michigan project that has received renewed support from the National Institutes of Health. The R01 grant of $3 million will also enable the implementation of the researchers' improved control program on a commercially available robotic prosthetic leg.

Market Segmentation

By Product Type

• Upper Extremity Prosthetics
• Lower Extremity Prosthetics

By Technology

• Body Powered
• Electrically Powered
• Hybrid Prosthetics

By End-User

• Orthopedic specialty hospitals
• Prosthetic clinics
• Rehabilitation centers
• Others

By Region

• North America
• The U.S.
• Canada
• Mexico
• Europe
• Germany
• U.K.
• France
• Spain
• Italy
• Rest of Europe
• South America
• Brazil
• Argentina
• Rest of South America
• Asia-Pacific
• China
• India
• Japan
• South Korea
• Rest of Asia-Pacific
• Middle East and Africa

Market Competitive Landscape

The major global players in the powered prosthetics market include Ottobock Health Care, Touch Bionics Inc., Deka Research and Development Company, Shadow Robot Company, College - Park, Fillauer LLC, RSL Steeper Holdings Ltd., ProtUnix, Aesthetic Prosthetic Inc., Blatchford Inc. among others.

Key Developments

• In January 2023, Ottobock acquired Pace Rehabilitation, a UK-based provider of prosthetic and rehabilitation services. This acquisition aims to expand Ottobock's patient care network in the UK, enhancing its offerings in prosthetics and rehabilitation
• In 2023, Ottobock introduced the Myo Plus system, which uses artificial intelligence to interpret the user's muscle signals and natural movements for more intuitive control of myoelectric prosthetics. This system can be fine-tuned via an app for personalized adjustments

Why Purchase the Report?

• To visualize the powered prosthetics market segmentation based on product type, technology, end-user, and region, as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development
• Excel data sheet with numerous data points of powered prosthetics market level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping is available in Excel consisting of key products of all the major players.

The powered prosthetics market report would provide approximately 51 tables, 54 figures, and 181 Pages.

Target Audience 2024

• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies