Robotics prosthetic is an artificial extremity
that augments the function and lifestyle of the person with a missing body
element. It helps to restore the ordinary function of the missing part of the
individual body through the interaction between robots and human. The
Artificial limbs can be managed by computer, sensation and brain with the use
of advanced technology. Many of robotic prosthesis are made of waterproof with
a lightweight material for instance carbon-fiber, plastic and metal alloys.
According to study, “Global
Robotic Prosthesis Market 2016-2025 by Product Type, Region and Country”
some of the major companies that are currently working in the global robotic
prosthesis market are Artificial Limbs & Appliances, Chas. A. Blatchford
& Sons Ltd. (Endolite), BionX Medical Technologies, Inc., Bebionic,
Hosmer/Fillauer, Endolite, Shadow Robot Company, Freedom Innovations, LLC, Otto
Bock HealthCare GmbH, HDT Global, Inc., Stryker Corporation, Aethon, Open
Bionics, Smith and Nephew Inc., ReWalk Robotics, Mazor Robotics Ltd.,
Medrobotics Corporation, Intuitive Surgical, Inc., KUKA Roboter GmbH,
Transenterix, Inc., Hansen Medical, Inc., Dr. Fresh LLC, ZOLL Medical
Corporation, RSL Steeper, Nabtesco Corporation, Teh Lin Prosthetic &
Orthopaedic Inc., Ossur Americas, Touch Bionics Inc., SynTouch LLC.
Based on product type, global robotic
prosthesis market is segmented into Microprocessor Controlled (MPC) Prosthetic
Arms, MPC Prosthetic Legs/Knees, MPC Prosthetic Feet/Ankles, MPC Prosthetic
Hands and other MPC Prosthetics. Based on technology, market is segmented into
Myoelectric Technology, prosthetic foot materials, microprocessor knees and
Bluetooth technology. Based on technologically the advanced products market is
segmented into PROPRIO FOOT, RHEO KNEE, SYMBIONIC LEG 3, and POWER KNEE. Based
on extremity, is segmented into upper body prosthesis and lower body
prosthesis. In addition, based on end-users, market is segmented into clinics,
hospitals and others.
The global robotic prosthesis is driven by
increase of prevalence of diabetes & vascular diseases, increase in investment
by private and public players to technologically advance prosthetic products,
increase in the number of amputation cases and growing (research &
development) R&D activities. In addition, key initiatives are also accepted
by the government & nonprofit organizations for instance CDC, Limbless
Association, Douglas Bader Foundation, and Amputee Coalition offers assistance
to amputee growing area of interest from the private vendors to invest in the
market. Moreover, the other restraints include high cost of medical robotics
with a poor reimbursement policies. Further rise in the advancements for
materials science adds to the major opportunity from the market.
It is expected that the global unit sales to
reach 123.9 thousand units owning to an accelerating implementation of
Microprocessor Controlled Legs (MPLs), Microprocessor Controlled Arms (MPAs),
Microprocessor Controlled Hands (MPHs), Microprocessor Controlled Knees (MPKs),
and Microprocessor Controlled Feet (MPF) among others.
North American region is projected to dominate
the market during the projected period due to favorable government initiatives
for the robotic technology and increase in healthcare expenditure. However,
Asia Pacific is expected to emerge as fastest developing region due to rapidly
increasing aged population, improved healthcare infrastructure with rising
economies. It also estimated that the global robotic prosthetics market to
reach US $1.7 billion, by 2025. In future, increase in amputee population owing
to various factors, such as frostbite, accidents, diabetes, & vascular
disease, is expected to be one of the key factors likely to drive the market.
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