According to the most recent analysis by Reports and Data, the size of the global Robotic-Powered Prostheses Market was USD 1,308.43 million in 2021 and is anticipated to grow at a revenue CAGR of 8.9% during the projected period.
Robotic-Powered Prosthesess, a distinct area that has grown out of the interaction between humans and robots, refers to an artificial device intended to replace lost body parts. Prosthetics can be created either by hand or via Computer-Aided Design (CAD), an interface that helps manufacturers in evaluating and inspecting a design. Prosthetics are meant to restore normal functioning of sick, injured, or missing limbs. The Robotic-Powered Prosthesess industry is anticipated to grow significantly in the future years. One in three women and one in five men over 50 are estimated by the International Osteoporosis Foundation to experience a fracture at some point in their lifetime.
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Some Key Highlights from the Report
- The market for Robotic-Powered Prosthesess has been divided into various product categories, including prosthetic hands, knees, ankles, and feet. More people are becoming elderly, which is increasing interest in prosthetic knees. Demand for prosthetic feet and ankles is rising as more people lose their lower limbs to vascular and diabetic foot diseases. With more people losing their arms to cancer, infections that cause tissue death, birth defects, and trauma, there is an increasing demand for prosthetic arms.
- Due to factors like government initiatives and support for research & development of cutting-edge technology in Robotic-Powered Prostheses devices for assisting veterans and wounded warriors of war, the Robotic-Powered Prostheses market in North America accounted for the greatest revenue share in 2020. The expansion of this regional market is being supported by rising demand for cutting-edge products and the presence of a well-developed healthcare infrastructure.
- Due to the region's huge ageing population and growing awareness of robotic prosthesis, the Asia-Pacific Robotic-Powered Prostheses market is anticipated to see the quickest revenue CAGR over the course of the projected period. Adoption of cutting-edge technology and the accessibility of superior treatment methods are other factors driving market expansion in APAC.
Key Players covered in this report are
Artificial Limbs and Appliances, Endolite, Hansen Medical Inc., HDT Global Inc., Open Bionics, Ottobock, Ossur, ReWalk Robotics, Smith & Nephew, SynTouch Inc., The Shadow Robot Company, and Touch Bionics.
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Product Type Outlook (Revenue, USD Billion; 2019-2030)
- Prosthetic Arms
- Prosthetic Ankle/Feet
- Prosthetic Knees
- Prosthetic Hands
- Others
Technology Outlook (Revenue, USD Billion; 2019-2030)
- Bluetooth
- Microprocessor
- Myoelectric Technology
- Targeted Muscle Reinnervation
Application Outlook (Revenue, USD Billion; 2019-2030)
- Upper Body Extremities
- Lower Body Extremities
End-Use Outlook (Revenue, USD Billion; 2019-2030)
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
Key Regions Covered in the Report:
- North America (U.S., Canada, Mexico)
- Europe (U.K., Italy, Germany, France, Rest of Europe)
- Asia-Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
- Latin America (Chile, Brazil, Argentina, Rest of Latin America)
- Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Major Points covered in this report are as below:
• The Robotic-Powered Prostheses industry development trends and marketing channels are analyzed. The feasibility of new investment projects are assessed and overall research conclusions offered.
• With the tables and figures, the report provides key statistics on the state of the industry and is a valuable source of guidance and direction for companies and individuals interested in the market.
• Development policies and plans, manufacturing processes and cost structures are also analyzed. This report also states import/export consumption, supply and demand figures, cost, price, revenue and gross margins.
• The Robotic-Powered Prostheses Market report provides key statistics on the market status of the Robotic-Powered Prostheses manufacturers and is a valuable source of guidance and direction for companies and individuals interested in the industry.
We can also provide the customized data for separate regions like North America, United States, Canada, Mexico, Asia-Pacific, China, India, Japan, South Korea, Australia, Indonesia, Singapore, Rest of Asia-Pacific, Europe, Germany, France, UK, Italy, Spain, Russia, Rest of Europe, Central & South America, Brazil, Argentina, Rest of South America, Middle East & Africa, Saudi Arabia, Turkey, Rest of Middle East & Africa
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