-- Robotics Prosthetics Market Information: By-Products (Prosthetic Arms, Prosthetic Feet/Ankles), Technology (Bluetooth, Myoelectric Technology) Application (Lower Body, Upper Body Extremity) And End Users (Hospitals, Clinics) - Global Forecast till 2027
Robotics Prosthetics Market – Scenario
Robotic prosthetics is gaining popularity due to its effectiveness and ability to restore some of the movement in the limbs. Market intense reports related to the healthcare industry amid others lately have been made available by Market Research Future which issues reports on this industry. The market is projected to grow with a CAGR of 9.5 percent approximately during the forecast period.
Compact robotic technologies have contributed majorly towards the expansion of the market in recent times. This growth trend has been carried further by investment from government authorities. As robotic prosthetics restore most of the everyday functions of an individual, end users are increasingly demanding them. The market is also encouraged by the development of low cost options that are made of lighter materials and using cheaper production methodologies. This has prompted increased inflows of investment that are being directed towards product developments such as position-sensing capabilities, high-resolution tactile capabilities and a neural interface for intuitive and natural closed-loop control to name a few. As a result, the market is set to demonstrate a vigorous growth pace by 2027.
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Key Players
The Global Robotics Prosthetics Market is highly fragmented with the presence of many local players and international players. The main focus of these players is cost reduction and innovation to ensure sustainability. In addition, the international players implemented growth strategies through collaborations and partnerships to expand their overall market share.
SynTouch, LLC,
Transenterix, Inc.,
Intuitive Surgical, Inc.,
Touch Bionics Inc.,
Mazor Robotics Ltd.,
Stryker Corporation,
HDT Global Inc,
Medrobotics Corporation,
Hansen Medical, Inc.,
KUKA Roboter GmbH,
ZOLL Medical Corporation,
Smith & Nephew,
ReWalk Robotics,
Aethon, and
Shadow Robot Company
Regional Analysis
Robotic prosthetics is gaining popularity due to its effectiveness and ability to restore some of the movement in the limbs. Market intense reports related to the healthcare industry amid others lately have been made available by Market Research Future which issues reports on this industry. The market is projected to grow with a CAGR of 9.5 percent approximately during the forecast period.
Compact robotic technologies have contributed majorly towards the expansion of the market in recent times. This growth trend has been carried further by investment from government authorities. As robotic prosthetics restore most of the everyday functions of an individual, end users are increasingly demanding them. The market is also encouraged by the development of low cost options that are made of lighter materials and using cheaper production methodologies. This has prompted increased inflows of investment that are being directed towards product developments such as position-sensing capabilities, high-resolution tactile capabilities and a neural interface for intuitive and natural closed-loop control to name a few. As a result, the market is set to demonstrate a vigorous growth pace by 2027.
Market Segmentation
MRFR has segmented its analysis into five key dynamics for enhanced understanding.
By-Products: Prosthetic Arms, Prosthetic Legs/Knees, Prosthetic Feet/Ankles, and Prosthetic Hands among others.
By Technologies: Bluetooth, Microprocessor Knees, and Myoelectric Technology among others.
By Applications: Lower Body and Upper Body Extremity among others.
By End-Users: Hospitals, and Clinics among others.
By Regions: North America, Europe, APAC and the Rest-of-the-World.
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Release ID: 514565
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