Robotics Prosthetics Market – 2019 Trends, Growth Insight, Size, Share, New Development and Global Forecast To 2023

The “Robotics Prosthetics Market Report – Forecast Up To 2023” Published by Market Research Future. Report include in-depth analysis by industry experts, report gives detailed information of market size, recent trends, share, demand and growth rate.

Pune, India - July 6, 2019 /MarketersMedia/ —

Robotic prosthetics are artificial limbs which combine the prosthetics with robotics to offer fully functional prosthetics which allow patients to carry out normal functions with their artificial limbs. Robotics Prosthetics Market is anticipated at a CAGR of 9.5% during the forecast period from 2016 to 2027. 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 are used to restore a normal functioning of the person’s body. Various advanced prosthetics are controlled using a computer, brain, and sensation using advanced technology.

There are various factors contributing to such accelerated growth including a growing geriatric population and an increasing prevalence of different diseases. Further, a rising demand for advanced prosthetic solutions is also contributing heavily to the augmentation of the global robotics prosthetics market. As per the International Osteoporosis Foundation report, in 2017, one third of the woman population and one fifth of the male population are likely to suffer from fragility fractures during their life. However, a growing cost of treatment and poor reimbursement policies are expected to hinder market growth during the forecast period.

The Global Robotics Prosthetics Market is anticipated to ascend at a 9.5% CAGR through the forecast period.

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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.

The MRFR report has profiled some noteworthy players in the global robotics prosthetics market including HDT Global Inc (U.S.), Touch Bionics Inc. (U.S.), SynTouch, LLC (U.S.), Shadow Robot Company (U.K), Stryker Corporation (U.S.), Smith & Nephew (U.K), Aethon (U.S.), ReWalk Robotics (Israel), Medrobotics Corporation (U.S.), KUKA Roboter GmbH (Germany), Intuitive Surgical, Inc. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Transenterix, Inc. (U.S.), and ZOLL Medical Corporation (U.S.).

Industry Update:

June 2019: A mechatronics graduate from Simon Fraser University has designed a 3D printed humanoid robot finger that can mimic the strength and tenderness of a human hand. Robots equipped with these flexible fingers can be used to help people with mobility challenges as well as limb differences.

Market Segmentation:

The global robotics prosthetics market is segmented by product, technology, application, end-user, and region. Based on product, the robotics prosthetics market is segmented into prosthetic arms, prosthetic legs/knees, prosthetic feet/ankles, and prosthetic hands. Based on technology, the global robotics prosthetics market is segmented into prosthetic foot materials, Bluetooth, myoelectric technology, and microprocessor knees. Based on application, the global robotic prosthetics market is segmented into lower body extremity, and upper body extremity. Based on end-user, the global robotics prosthetics market is segmented into hospitals and clinics.

Regional Analysis:

The global robotics prosthetics market is regionally segmented into the Americas, Asia Pacific, Europe, and the Middle East & Africa. Among these segments, the Americas are witnessing market domination for robotics prosthetics during the forecast period. This can be attributed to an augmenting development in technology and a rising prevalence of orthopaedic diseases. Moreover a rising prevalence of osteoporosis among Mexican-Americans and non-Hispanic adults is driving growth in the regional market.

Europe is anticipated to hold the second largest share in the global robotics prosthetics market over the forecast period. This can be owed to rising government support for research and development in the prosthetics and robotics fields. This is expected to drive the market in Europe during the review period. Germany and France are witnessing rising investment in the healthcare domain.

Asia Pacific is estimated to garner fastest growth during the forecast period. India and China are expected to garner accelerated growth in the robotics prosthetics market owing to the increasing aging population along with a growing awareness towards advanced technology. Further, a rising availability of funds for research and development, along with best treatment options are driving heavy market growth. Furthermore, an increasing demand for advanced healthcare facilities and gadgets is projected to push the regional robotics prosthetics market to a great extent. Also, a lower cost of treatment in the region, as compared to other regions is projected to boost the regional robotics prosthetics market to a great extent.

Some Brief Table of Contents of Report

Chapter 1. Report Prologue

Chapter 2. Market Introduction

2.1 Definition

2.2 Scope Of The Study

2.2.1 Research Objective

2.2.2 Assumptions

2.2.3 Limitations

Chapter 3. Research Methodology

3.1 Introduction

3.2 Primary Research

3.3 Secondary Research

3.4 Market Size Estimation

Chapter 4. Market Dynamics

4.1 Drivers

4.2 Restrains

4.3 Opportunities

4.4 Challenges

4.5 Macroeconomic Indicators

4.6 Technology Trends & Assessment

Chapter 5. Market Factor Analysis

5.1 Porters Five Forces Analysis

5.1.1 Bargaining Power Of Suppliers

TOC Continued…

LIST OF TABLES

Table 1 Robotics Prosthetics Industry Synopsis, 2017-2027

Table 2 Global Robotics Prosthetics Market Estimates And Forecast, 2017-2027, (USD Million)

Table 3 Global Robotics Prosthetics Market By Region, 2017-2027, (USD Million)

Table 4 Global Robotics Prosthetics Market By Products, 2017-2027, (USD Million)

Table 5 Global Robotics Prosthetics Market By Technology, 2017-2027, (USD Million)

Table 6 Global Robotics Prosthetics Market By Applications, 2017-2027, (USD Million)

Table 7 Global Robotics Prosthetics Market By End Users, 2017-2027, (USD Million)

Continued…

LIST OF FIGURES

Figure 1 Research Process

Figure 2 Segmentation For Global Robotics Prosthetics Market

Figure 3 Segmentation Market Dynamics For Robotics Prosthetics Market

Figure 4 Global Robotics Prosthetics Market Share, By Products 2016

Figure 5 Global Robotics Prosthetics Market Share, By Technology 2016

Figure 6 Global Robotics Prosthetics Market Share, By Applications 2016

Figure 7 Global Robotics Prosthetics Market Share, By End Users, 2016

Continued…

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