Market Overview:
The global robotics prosthetics market is expected to grow at a CAGR of 10.8% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing incidence of amputations, technological advancements in prosthetic devices, and rising demand for advanced prosthetic devices. Based on type, the global robotics prosthetics market is segmented into prosthetic arms and prosthetic feet/ankles. Prosthetic arms are further sub-segmented into upper extremity (UE) and lower extremity (LE) devices. The UE segment is expected to account for the largest share of the global robotics prosthetics market in 2018 owing to increasing demand for advanced UE devices such as myoelectric hands and bionic arms. Based on application, hospitals accounted for the largest share of the global robotics prosthetics market in 2017 due to rising number of surgical procedures performed using robotic systems across hospitals worldwide.
Product Definition:
Robotics prosthetics are devices that help people with disabilities to regain some of their lost abilities. Robotics prosthetics are important because they can help people with disabilities to live more independent lives.
Prosthetic Arms:
Prosthetic arms are artificial limb used by amputees. They are most commonly known as robotic arms. The prosthetic arm is a two-limb device worn by an amputee which can be operated with the use of residual nerves and muscles of the shoulder, elbow, and wrist joints.
Prosthetic Feet/Ankles:
Prosthetic feet/ankles are used in robotics to provide mobility to the robot. They can be of two types: fixed and moveable. The most common type of prosthetic foot or ankle is a fixed foot, which has rigid parts that make contact with the ground and flexible parts that allow forward/sideward movement.
Application Insights:
The industrial segment accounted for the largest revenue share in 2017 and is anticipated to continue its dominance over the forecast period. The growing need for efficient production of prosthetic limbs that are customized to match the patient¢â‚¬â„¢s requirements is expected to drive growth. Custom-made robotic arms and legs can be used successfully by patients who have lost their Limb Prosthetics or Extremities as they are designed with similar movements as those made by a human limb. These robots help in providing better support, stability, and control while augmenting rehabilitation progressions.
Regional Analysis:
North America dominated the global market in 2017 owing to a rise in the number of robotic devices for amputees and an increase in government funding. The region is expected to maintain its dominance over the forecast period due to increasing defense spending by countries such as the U.S., China, and Russia. Moreover, growing demand for advanced prosthetics from sports persons who require them after losing a limb is also anticipated to drive growth during the forecast period.
Asia Pacific regional market captured significant revenue share owing to rising healthcare expenditure by governments as well as private organizations coupled with improving infrastructure facilities especially hospitals that can accommodate these sophisticated robotic devices are some factors driving growth of this regional market during the forecast period.
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 robotics prosthetics industry
- Reduction in the cost of robotic prosthetics
Scope Of The Report
Report Attributes
Report Details
Report Title
Robotics Prosthetics Market Research Report
By Type
Prosthetic Arms, Prosthetic Feet/Ankles
By Application
Hospitals, Clinics
By Companies
HDT Global Inc (US), Touch Bionics Inc. (US), SynTouch, LLC (US), Shadow Robot Company (U.K), Stryker Corporation (US), Smith & Nephew (U.K), Aethon (US), ReWalk Robotics (Israel), Medrobotics Corporation (US), KUKA Roboter GmbH (Germany), Intuitive Surgical(US), Mazor Robotics Ltd. (Israel), Hansen Medical(US), Transenterix(US), ZOLL Medical Corporation (US)
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
196
Number of Tables & Figures
138
Customization Available
Yes, the report can be customized as per your need.
Global Robotics Prosthetics Market Report Segments:
The global Robotics Prosthetics market is segmented on the basis of:
Types
Prosthetic Arms, Prosthetic Feet/Ankles
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
Hospitals, Clinics
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:
- HDT Global Inc (US)
- Touch Bionics Inc. (US)
- SynTouch, LLC (US)
- Shadow Robot Company (U.K)
- Stryker Corporation (US)
- Smith & Nephew (U.K)
- Aethon (US)
- ReWalk Robotics (Israel)
- Medrobotics Corporation (US)
- KUKA Roboter GmbH (Germany)
- Intuitive Surgical(US)
- Mazor Robotics Ltd. (Israel)
- Hansen Medical(US)
- Transenterix(US)
- ZOLL Medical Corporation (US)
Highlights of The Robotics 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:
- Prosthetic Arms
- Prosthetic Feet/Ankles
- By Application:
- Hospitals
- Clinics
- 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 Robotics 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.
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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?
Robotics prosthetics are devices that help people with disabilities or injuries to move more easily and independently. They can be used for a variety of purposes, including helping people with spinal cord injuries walk, climb stairs, and use wheelchairs. Robotics prosthetics can also help people with other types of disabilities or injuries perform everyday tasks like cooking dinner or brushing their teeth.
Some of the major companies in the robotics prosthetics market are HDT Global Inc (US), Touch Bionics Inc. (US), SynTouch, LLC (US), Shadow Robot Company (U.K), Stryker Corporation (US), Smith & Nephew (U.K), Aethon (US), ReWalk Robotics (Israel), Medrobotics Corporation (US), KUKA Roboter GmbH (Germany), Intuitive Surgical(US), Mazor Robotics Ltd. (Israel), Hansen Medical(US), Transenterix(US), ZOLL Medical Corporation (US).
The robotics prosthetics market is expected to register a CAGR of 10.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Robotics 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 Robotics Prosthetics Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Robotics 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 Robotics 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 Robotics Prosthetics Market Size & Forecast, 2018-2028
4.5.1 Robotics Prosthetics Market Size and Y-o-Y Growth
4.5.2 Robotics Prosthetics Market Absolute $ Opportunity
Chapter 5 Global Robotics 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 Robotics Prosthetics Market Size Forecast by Type
5.2.1 Prosthetic Arms
5.2.2 Prosthetic Feet/Ankles
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Robotics 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 Robotics Prosthetics Market Size Forecast by Applications
6.2.1 Hospitals
6.2.2 Clinics
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Robotics 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 Robotics 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 Robotics Prosthetics Analysis and Forecast
9.1 Introduction
9.2 North America Robotics 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 Robotics Prosthetics Market Size Forecast by Type
9.6.1 Prosthetic Arms
9.6.2 Prosthetic Feet/Ankles
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 Robotics Prosthetics Market Size Forecast by Applications
9.10.1 Hospitals
9.10.2 Clinics
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 Robotics Prosthetics Analysis and Forecast
10.1 Introduction
10.2 Europe Robotics 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 Robotics Prosthetics Market Size Forecast by Type
10.6.1 Prosthetic Arms
10.6.2 Prosthetic Feet/Ankles
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 Robotics Prosthetics Market Size Forecast by Applications
10.10.1 Hospitals
10.10.2 Clinics
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 Robotics Prosthetics Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Robotics 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 Robotics Prosthetics Market Size Forecast by Type
11.6.1 Prosthetic Arms
11.6.2 Prosthetic Feet/Ankles
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 Robotics Prosthetics Market Size Forecast by Applications
11.10.1 Hospitals
11.10.2 Clinics
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 Robotics Prosthetics Analysis and Forecast
12.1 Introduction
12.2 Latin America Robotics 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 Robotics Prosthetics Market Size Forecast by Type
12.6.1 Prosthetic Arms
12.6.2 Prosthetic Feet/Ankles
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 Robotics Prosthetics Market Size Forecast by Applications
12.10.1 Hospitals
12.10.2 Clinics
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) Robotics Prosthetics Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Robotics 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) Robotics Prosthetics Market Size Forecast by Type
13.6.1 Prosthetic Arms
13.6.2 Prosthetic Feet/Ankles
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) Robotics Prosthetics Market Size Forecast by Applications
13.10.1 Hospitals
13.10.2 Clinics
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 Robotics Prosthetics Market: Competitive Dashboard
14.2 Global Robotics Prosthetics Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 HDT Global Inc (US)
14.3.2 Touch Bionics Inc. (US)
14.3.3 SynTouch, LLC (US)
14.3.4 Shadow Robot Company (U.K)
14.3.5 Stryker Corporation (US)
14.3.6 Smith & Nephew (U.K)
14.3.7 Aethon (US)
14.3.8 ReWalk Robotics (Israel)
14.3.9 Medrobotics Corporation (US)
14.3.10 KUKA Roboter GmbH (Germany)
14.3.11 Intuitive Surgical(US)
14.3.12 Mazor Robotics Ltd. (Israel)
14.3.13 Hansen Medical(US)
14.3.14 Transenterix(US)
14.3.15 ZOLL Medical Corporation (US)
