Market Overview:
The global robotic prosthetics market is expected to grow at a CAGR of 7.5% during the forecast period from 2018 to 2030. The increasing incidence of amputations, due to various reasons such as accidents, cancer and diabetes is one of the major factors driving the growth of this market. Additionally, technological advancements in robotic prosthetic devices are also propelling the growth of this market. The global robotic prosthetics market can be segmented on the basis of type into lower limb robotic prosthetics and upper limb robotic prosthetics. The lower limb segment is expected to account for a larger share in terms of revenue in 2018, owing to an increase in demand for advanced lower limb devices that provide enhanced functionality and mobility. On the basis of application, orthotic and prosthetic clinics accounted for a majority share in 2017; however, hospitals are projected to witness higher growth during the forecast period owing to rising number os surgeries being performed at hospitals globally.
Product Definition:
A robotic prosthetic is an artificial limb that is controlled by a computer. Robotic prosthetics are important because they can provide mobility and functionality to people who have lost limbs.
Lower Limb Robotic Prosthetics:
Lower Limb robotic prosthetics is a system that provides mobility to patients who have suffered from upper extremity loss or injury. These devices are used in various applications such as physical therapy, occupational therapy and sports medicine. The lower limb robotic prosthetics market is driven by factors such as the rising geriatric population, increasing incidence of accidents & trauma and technological advancements in robotics & automation.
Upper Limb Robotic Prosthetics:
Upper limb robotic prosthetics is a system that enables mobility in amputees. It consists of sensors, batteries, and motors which are used for providing movement to the residual limb. The major advantage of using this system is that it provides stability to the residual limb while walking thereby preventing joint stress and muscle fatigue. This results in increased efficiency thus enabling long-term use by patients suffering from an upper extremity amputation.
Application Insights:
The orthotic and prosthetic clinics segment dominated the robotic prosthetics market in 2017. This can be attributed to growing awareness about advanced robotic devices for replacing missing body parts, especially among the geriatric population. Moreover, this segment is expected to witness lucrative growth owing to rising demand for customized solutions that best suit their needs. For instance, according to a study published by the National Center for Biotechnology Information in 2015, it was observed that nearly 20% of patients aged 60 years and above suffered from balance problems due to which they were referred by their doctors for wearing powered shoes or using walkers.
The specialty orthopedic centers accounted significantly higher share as compared with other application segments owing t o r e g i c a l knowledge of human anatomy.
Regional Analysis:
North America dominated the global market in 2017. This can be attributed to increasing government funding for robotic technologies, rising healthcare expenditure, and growing awareness about advanced robotic devices. Moreover, high incidence of amputations due to diabetes and obesity is expected to drive the regional growth over the forecast period.
Asia Pacific is anticipated to witness lucrative growth during the forecast period owing to improving healthcare infrastructure in emerging countries such as India and China. In addition, rising prevalence of osteoarthritis coupled with increasing disposable income will support regional market expansion over next eight years.
Growth Factors:
- Increasing demand for prosthetic limbs among the geriatric population
- Rising incidence of amputations due to accidents and diseases
- Growing awareness about the benefits of robotic prosthetics over traditional prosthetics
- Technological advancements in robotic prosthetic devices
- Government initiatives and funding for research and development in robotic prosthetics
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotic Prosthetics Market Research Report
By Type
Lower Limb Robotic Prosthetics, Upper Limb Robotic Prosthetics
By Application
Orthotic and Prosthetic Clinics, Hospitals, Specialty Orthopedic Centers
By Companies
Blatchford, Fillauer, Ossur, Ottobock, Steeper Group, The Ohio Willow Wood, Touch Bionics, SynTouch, Artificial Limbs & Appliances, Blatchford
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
199
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Robotic Prosthetics Market Report Segments:
The global Robotic Prosthetics market is segmented on the basis of:
Types
Lower Limb Robotic Prosthetics, Upper Limb Robotic Prosthetics
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Orthotic and Prosthetic Clinics, Hospitals, Specialty Orthopedic Centers
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Blatchford
- Fillauer
- Ossur
- Ottobock
- Steeper Group
- The Ohio Willow Wood
- Touch Bionics
- SynTouch
- Artificial Limbs & Appliances
- Blatchford
Highlights of The Robotic Prosthetics Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Lower Limb Robotic Prosthetics
- Upper Limb Robotic Prosthetics
- By Application:
- Orthotic and Prosthetic Clinics
- Hospitals
- Specialty Orthopedic Centers
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Robotic Prosthetics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
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- Product & Brand Management
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8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Robotic prosthetics are devices that help people with disabilities or injuries to move more easily and independently. They can be used to replace missing body parts, improve mobility, or support functions such as breathing and feeding.
Some of the major players in the robotic prosthetics market are Blatchford, Fillauer, Ossur, Ottobock, Steeper Group, The Ohio Willow Wood, Touch Bionics, SynTouch, Artificial Limbs & Appliances, Blatchford.
The robotic prosthetics market is expected to register a CAGR of 7.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robotic Prosthetics Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Robotic Prosthetics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robotic Prosthetics Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Robotic Prosthetics Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Robotic Prosthetics Market Size & Forecast, 2018-2028
4.5.1 Robotic Prosthetics Market Size and Y-o-Y Growth
4.5.2 Robotic Prosthetics Market Absolute $ Opportunity
Chapter 5 Global Robotic Prosthetics Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Robotic Prosthetics Market Size Forecast by Type
5.2.1 Lower Limb Robotic Prosthetics
5.2.2 Upper Limb Robotic Prosthetics
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Robotic Prosthetics Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Robotic Prosthetics Market Size Forecast by Applications
6.2.1 Orthotic and Prosthetic Clinics
6.2.2 Hospitals
6.2.3 Specialty Orthopedic Centers
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Robotic Prosthetics Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Robotic Prosthetics Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Robotic Prosthetics Analysis and Forecast
9.1 Introduction
9.2 North America Robotic Prosthetics Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Robotic Prosthetics Market Size Forecast by Type
9.6.1 Lower Limb Robotic Prosthetics
9.6.2 Upper Limb Robotic Prosthetics
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Robotic Prosthetics Market Size Forecast by Applications
9.10.1 Orthotic and Prosthetic Clinics
9.10.2 Hospitals
9.10.3 Specialty Orthopedic Centers
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Robotic Prosthetics Analysis and Forecast
10.1 Introduction
10.2 Europe Robotic Prosthetics Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Robotic Prosthetics Market Size Forecast by Type
10.6.1 Lower Limb Robotic Prosthetics
10.6.2 Upper Limb Robotic Prosthetics
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Robotic Prosthetics Market Size Forecast by Applications
10.10.1 Orthotic and Prosthetic Clinics
10.10.2 Hospitals
10.10.3 Specialty Orthopedic Centers
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Robotic Prosthetics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Robotic Prosthetics Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Robotic Prosthetics Market Size Forecast by Type
11.6.1 Lower Limb Robotic Prosthetics
11.6.2 Upper Limb Robotic Prosthetics
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Robotic Prosthetics Market Size Forecast by Applications
11.10.1 Orthotic and Prosthetic Clinics
11.10.2 Hospitals
11.10.3 Specialty Orthopedic Centers
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Robotic Prosthetics Analysis and Forecast
12.1 Introduction
12.2 Latin America Robotic Prosthetics Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Robotic Prosthetics Market Size Forecast by Type
12.6.1 Lower Limb Robotic Prosthetics
12.6.2 Upper Limb Robotic Prosthetics
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Robotic Prosthetics Market Size Forecast by Applications
12.10.1 Orthotic and Prosthetic Clinics
12.10.2 Hospitals
12.10.3 Specialty Orthopedic Centers
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Robotic Prosthetics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Robotic Prosthetics Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Robotic Prosthetics Market Size Forecast by Type
13.6.1 Lower Limb Robotic Prosthetics
13.6.2 Upper Limb Robotic Prosthetics
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Robotic Prosthetics Market Size Forecast by Applications
13.10.1 Orthotic and Prosthetic Clinics
13.10.2 Hospitals
13.10.3 Specialty Orthopedic Centers
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Robotic Prosthetics Market: Competitive Dashboard
14.2 Global Robotic Prosthetics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Blatchford
14.3.2 Fillauer
14.3.3 Ossur
14.3.4 Ottobock
14.3.5 Steeper Group
14.3.6 The Ohio Willow Wood
14.3.7 Touch Bionics
14.3.8 SynTouch
14.3.9 Artificial Limbs & Appliances
14.3.10 Blatchford
