Global Robotic Prosthetics Market

Global Robotic Prosthetics Market Size, Share, Growth Analysis, By End-user(Hospitals, clinics), By Type(Syringes, jet injectors) - Industry Forecast 2023-2030

Report ID: SQMIG35A2562 | Region: Global | Published Date: August, 2023 | Pages: 157 | Tables: 63 | Figures: 75

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Robotic Prosthetics Market size was valued at USD 6.03 billion in 2021 and is poised to grow from USD 6.97 billion in 2023 to USD 11.56 billion by 2030, at a CAGR of 7.5% during the forecast period (2023-2030).

The global robotic prosthetics market features intense competition among key players, driving innovation and technological advancements. Established companies like Ossur, Touch Bionics, and Ottobock dominate with their comprehensive product portfolios and extensive R&D. Startups such as BrainCo. and Open Bionics are also gaining traction with their unique offerings and agile development. Collaborations between academia, research institutions, and industry players further accelerate growth. Market dynamics are influenced by factors like affordability, user comfort, and regulatory compliance. As the demand for advanced prosthetic solutions rises, the market's competitive landscape is expected to continue evolving, fostering breakthroughs in robotic prosthetics technology. 'Ottobock - Germany', 'Össur - Iceland', 'Touch Bionics (now owned by Össur) - United Kingdom', 'Fillauer LLC - United States', 'Blatchford Group - United Kingdom', 'WillowWood - United States', 'College Park Industries - United States', 'Endolite - United Kingdom', 'Freedom Innovations (acquired by Ottobock) - United States', 'RSL Steeper - United Kingdom', 'TRS Inc. - United States', 'Vincent Medical Holdings Limited - China', 'Orthocare Innovations - United States', 'HDT Global - United States', 'BionX Medical Technologies (acquired by Ottobock) - United States', 'Exiii Inc. - Japan', 'Mobius Bionics - United States', 'Open Bionics - United Kingdom', 'Myoelectric Controls Inc. - United States', 'Stryker Corporation - United States (Stryker is involved in various medical technologies, including robotic prosthetics)'

Advances in robotics, materials science, and sensor technologies have led to the development of more sophisticated and functional robotic prosthetics. These advancements have enabled prosthetic limbs to mimic natural movements more closely, improving the overall quality of life for amputees.

Advancements in Prosthetic Technology: The field of robotic prosthetics has been witnessing continuous advancements in technology. Prosthetic limbs equipped with robotic components and sensors have become more sophisticated, enabling greater mobility and functionality for users. These advancements include more intuitive control mechanisms, enhanced sensory feedback systems, and even the integration of artificial intelligence to adapt to users' movements and preferences.

North America and Europe were among the largest markets for robotic prosthetics, primarily due to their strong healthcare systems and technological innovation. The United States was a major player in the market, with numerous companies and research institutions dedicated to advancing robotic prosthetic technologies.

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Global Robotic Prosthetics Market

Product ID: SQMIG35A2562