The global Robotic Prosthetics Market is estimated to be valued at US$ 2.90 Bn in 2023 and is expected to exhibit a CAGR of 9.5% over the forecast period 2023-2030, as highlighted in a new report published by CoherentMI.
Market Overview:
Robotic prosthetics refer to lightweight and dexterous artificial limbs that are powered by advanced robotics technology. These prosthetics provide enhanced functionality and mobility compared to traditional prosthetics through features like pressure sensors, joint position sensors and motorized actuators.
Market Key Trends:
One of the key trends fueling the growth of the market is the development of brain-computer interface (BCI) robotic prosthetics. BCIs help establish a direct communication pathway between the brain and external devices. Recent advancements in BCI technology now allow users to control prosthetic devices directly through thought. For example, researchers have developed robotic hands that can mimic five human hand gestures through non-invasive BCI technology. This opens up possibilities for more intuitive control of advanced prosthetics.
Segment Analysis:
The global robotic prosthetics market is segmented by product type, anatomy, procedure and geography. By product type, the market is classified into prosthetic wrists, prosthetic arms, prosthetic feet/ankles, prosthetic legs and other prosthetics. Among these, the prosthetic feet/ankles segment dominated the market in 2022 due to advancements in design and technology of prosthetic feet that closely mimic the movement of human feet.
Key Takeaways :
The Global Robotic Prosthetics Market is expected to witness high growth, exhibiting CAGR of 9.5% over the forecast period, due to increasing cases of road accidents and rising prevalence of limb loss or congenital disabilities.
Regional Analysis:
North America dominated the global robotic prosthetics market in 2022 and is expected to maintain its dominance over the forecast period. This is attributed to presence of advanced healthcare infrastructure, rising research and development activities and increasing cases of diabetes-related amputations in the region.
Key players
Key players operating in the global robotic prosthetics market are Ottobock, Ossur, Blatchford Group, HDT Global, Fillauer LLC, Steeper Inc., Proteor, PROTUNIX, Endolite and Deka Research and Development Corporation. Ottobock led the global market in 2022 owing to large portfolio of technologically advanced microprocessor-controlled prosthetic knees and feet.
Explorer more information on this topic, Please visit @ https://www.coherentmi.com/industry-reports/global-robotic-prosthetics-market
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