ROBOTIC PROSTHETICS MARKET SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Robotic Prosthetics Market Size and Forecast – 2024 - 2031

The Global Robotic Prosthetics Market is estimated to be valued at USD 1.81 Bn in 2024 and is expected to reach USD 3.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9% from 2024 to 2031.

Key Takeaways of the Robotic Prosthetics Market:

• The microprocessor-controlled prosthetics segment is expected to contribute the highest share in the technology segment of the global robotic prosthetics market with 42.1% in 2024.
• The upper extremity prosthetics segment is expected to hold the highest share in the extremity category with a share of 52.3% in 2024.
• The hospitals segment is expected to contribute the highest share among end users of robotic prosthetics with a share of 35.2% in 2024.
• North America is expected to top the market with 38.4% share, followed by Asia Pacific with 27.7% share in 2024.

Market Overview:

The global robotic prosthetics industry is witnessing positive trends with increasing incidence of amputations worldwide due to rise in accidents and health conditions like diabetes. With advancement in technology, robotic prosthetics are getting smarter and more humanlike with features such as improved movement control, integration with smartphones and accessibility to resemble natural body functions. Major industry players are investing in developing multi-functional prosthetics using light-weight materials, biomimicry and machine learning integrated with sensors and actuators for close to real-time functionality. Wider health coverage and growing affordability is expected to boost the demand for rehabilitation and bionic solutions in developing nations over the forecast period.

Segmental Insights

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Technology Insights - Technological Advancements Fuel the Growth of Microprocessor-controlled Prosthetics

The microprocessor-controlled prosthetics segment is expected to contribute the highest share in the technology segment of the global robotic prosthetics market with 42.1% in 2024 owing to the ongoing technological advancements in this field. The use of microprocessors in prosthetic devices has allowed for greater customization and control compared to traditional prosthetics. Manufacturers are designing microprocessor knees, feet and hands that can mimic the natural movement of biological limbs much better through sensors and software. For example, microprocessor knees can automatically adjust the swing and stance phases of the gait cycle in response to differing terrains and walking speeds. This bidirectional control creates a more intuitive prosthetic experience for the user. Another key development has been the miniaturization of microprocessors which has made the technology viable for use in smaller and more anatomically positioned prosthetic components. Newer devices integrate microprocessors directly into joints like the ankle rather than relying on external control units.

Extremity Insights - Large Patient Pool Boosts Upper Extremity Prosthetics

The upper extremity prosthetics segment is expected to hold the highest share in the extremity category with share of 52.3% in 2024 due to the large worldwide patient population requiring such devices. Arm and hand amputations constitute a major portion of limb loss globally owing to causes like accidents, cancer and congenital deformities. Upper limb prosthetics are also more common than lower limb replacements among military personnel injured in combat or other line of duty situations. A key factor driving demand is the rising focus on early rehabilitation and reconstructive options post amputation. Modern prosthetics not only restore mobility but also assist in maintaining muscle tone and residual limb health in the long run. This has made upper body prosthetics a preferred choice even in cases where basic functionality can be restored using alternative assistive devices.

End User Insights - Hospitals Command the Largest Share As It’s a Key Centre for Prosthetic Care

The hospitals segment is expected to contribute the highest share among end users of robotic prosthetics with a share of 35.2% in 2024 due to their role as the major sites for prosthetic prescriptions, fittings and ongoing management. Post-amputation, specialized rehabilitation centers within hospitals play a key part in assessing the options, fabricating custom devices, training patients and periodically reviewing prosthetic function. Their multidisciplinary teams integrating prosthetists, surgeons, therapists, and counsellors offer comprehensive solutions under one roof. This consolidated expertise makes hospitals the preferred choice for initial prosthetic fittings and follow-ups. Moreover, hospitals have the infrastructure and personnel for advanced prosthetic fitting techniques like osseointegration and targets movement-based trainings with robotic devices. They also accommodate amputees requiring revision surgeries and post-operative rehabilitation.

Regional Insights

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North America Robotic Prosthetics Market Trends

North America dominates in the robotic prosthetics market with an estimated share of 38.4% in 2024. This can be attributed to factors such as strong healthcare infrastructure, high healthcare spending, growing geriatric population, supportive government policies for disability aid, and the presence of major market players.

Asia Pacific Robotic Prosthetics Market Trends

The Asia Pacific region exhibits the fastest growth with 27.7% market share in 2024 due to large patient pools, rising medical tourism, increased focus of international players on emerging countries, growing incidence of amputations due to road accidents, and diabetes.

Robotic Prosthetics Market Outlook for Key Countries

United States Robotic Prosthetics Market Trends

The U.S. Robotic Prosthetics Market is led by innovative products and continued investment in robotics research. In July 2022, Esper Bionics launched an AI-powered prosthetic hand featuring self-learning technology, enabling users to perform daily tasks independently.

China Robotic Prosthetics Market Trends

China continues to lead in medical robotics technologies due to rising technological advancement in robotics technologies. In August 2021, researchers at MIT and Shanghai Jiao Tong University created a soft, lightweight neuroprosthetic hand costing around US$ 500. This durable prosthetic enables amputees to perform daily tasks, such as pouring juice and petting a cat, as effectively as with more rigid designs.

U.K. Robotic Prosthetics Market Trends

On December 6, 2024, the U.K. government allocated USD 83.3 Bn to support 100 transformative research projects across 39 institutes, aiming to drive breakthroughs in healthcare, clean energy, AI, and quantum computing. Among the initiatives, the University of Bristol is developing advanced prosthetic arms with improved tactile feedback to enhance the sense of touch for amputees.

Canada Robotic Prosthetics Market Trends

Canada is experiencing growth in the robotic prosthetics industry, driven by increasing investments in healthcare technology. In August 2023, the Canadian government announced funding for research projects aimed at developing advanced prosthetic devices, emphasizing the importance of improving accessibility and functionality for amputees. This initiative is expected to boost the market significantly.

Market Players, Key Devlopment, and Competitive Intelligence

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Key Developments:

• In August 2024, a study presented at the European Society of Cardiology in London demonstrated that echocardiograms performed remotely using a robotic arm and 5G network achieved 98% diagnostic accuracy compared to in-person tests
• In June 2022, a team of Canadian scientists developed a prosthetic using microfluidic-enabled soft robotics to aid diabetic amputees. This innovative design replaces traditional fabric and silicone liners with a single-layer liner integrated with soft fluidic actuators. These actuators adjust pressure based on the residual limb's anatomy, reducing pain and preventing pressure ulcerations.
• In November 2024, Johnson & Johnson MedTech, a global leader in cardiovascular, orthopedic, surgery and vision solutions, announced the U.S. FDA approval of an Investigational Device Exemption (IDE) for its OTTAVA robotic surgical system, enabling clinical trials to begin at U.S. sites. The company is preparing trial sites, enrolling patients, and advancing its surgical technology portfolio to expand access to robotic surgery benefits for patients and healthcare providers.

Top Strategies Followed by Global Robotic Prosthetics Market Players

• Established Players: Leading companies prioritize extensive research and development to innovate high-performance products.
  • For instance, Open Bionics, a U.K.-based company, developed affordable and open-source 3D-printed bionic hands for amputees, demonstrating significant advancements in prosthetic technology.
• Mid-Level Players: Mid-sized companies focus on delivering quality, budget-friendly products to cater to price-sensitive consumers.
  • For example, Mecuris, a Germany-based company, develops tailor-made prostheses and orthoses using 3D printing technology, offering affordable and customized solutions
• Small-Scale Players: Small players often target niche markets with unique features or innovative products. For instance, Marsi Bionics focuses on developing robotic exoskeletons to aid children with neuromuscular diseases, addressing a specific patient demographic.

Emerging Startups - Robotics Prosthetics Industry Ecosystem

Innovative Technologies: Several startups are developing cutting-edge technologies to disrupt the industry. Bioness produces prosthetics with sophisticated motor control driven by pattern recognition algorithms and Myomo offers arm braces controlled by electromyography allowing more natural motion.

• Sustainable Solutions: Startups like Higher Gear recycle 3D printed prosthetic components while e-NABLE focuses on making low-cost 3D printed assistive devices using recycled plastic. These sustainable approaches help address the increasing environmental impact of traditional prosthetics.
• Market Contribution: Startups are addressing specific needs in the robotic prosthetics market by developing specialized solutions. For example, ExoPro has created devices that enable above-elbow amputees to regain rotational movement, enhancing the functionality of prosthetic limbs. Additionally, companies like Functionize are developing pediatric prosthetics customized for growing children, ensuring that the devices accommodate changes in body size and activity levels.

Market Report Scope

Market Dynamics

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Robotic Prosthetics Market Driver - Increasing prevalence of amputations due to chronic diseases and trauma

The rise in amputations due to chronic diseases and trauma across the world has been steadily increasing over the years. The growing geriatric population across developed nations has contributed significantly to this trend. With age comes increased risk of conditions like diabetes, peripheral artery disease, and various forms of cancer - all of which can potentially lead to limb amputation if not managed well. Diabetes in particular has been a major driver of amputations globally. Uncontrolled blood glucose levels can damage blood vessels and nerves over time, which may ultimately result in infected sores or ulcers that do not heal. For Instance, On September 2024, according to the Amputee Coalition, 2.1 million people in the U.S. are living with limb loss, primarily caused by chronic conditions such as diabetes, vascular diseases, and cancer. Chronic diseases are on the rise globally, accounting for 71% of all annual deaths, as reported by the WHO in September 2023. Among these, cardiovascular diseases are the leading cause, responsible for approximately 17.9 million deaths each year, followed by cancer, respiratory diseases, and diabetes.

Robotic Prosthetics Market Challenge - High costs associated with advanced robotic prosthetics

One of the major challenges faced by the global robotic prosthetics market is the high costs associated with advanced robotic prosthetics. Robotic prosthetics that offer higher mobility and functionality using the latest technologies tend to cost significantly more than conventional prosthetics. Manufacturing advanced robotic prosthetics involve the use of technologically advanced components like sensors, actuators, microprocessors, etc. that contribute to the high production costs. Additional costs are also associated with ongoing research and development activities to introduce newer and more capable models. These high costs pose a barrier for many patients who cannot afford such premium prosthetics.

Robotic Prosthetics Opportunities - Growing demand for personalized prosthetics tailored to individual needs

One of the key opportunities for the global robotic prosthetics market is the growing demand for personalized prosthetics tailored to individual needs and lifestyles. With ongoing technological advancements, manufacturers are able to develop prosthetics with customizations allowing for better personalization. This includes options like custom designed sockets and liners, customized grip patterns, added functionality based on activity level, etc. The ability to customize prosthetics has improved comfort levels and user experience significantly. It also helps address limitations of one-size-fits-all approach. The trend towards personalization is driven by both increased customization options as well as growing personalization demand from current and future users of prosthetics.

Analyst Opinion (Expert Opinion)

• Rising incidence of amputations due to various medical conditions like vascular diseases and cancers will continue driving the demand for prosthetic devices. Technological advancements in materials, sensors, and artificial intelligence are making prosthetics lighter, more functional, and affordable. Major players are actively investing in developing bionic prosthetics that can mimic close to natural movements.
• North America currently dominates the market owing to supportive reimbursement policies and high acceptance of advanced technologies. Asia Pacific is poised to be the fastest growing regional market with increasing healthcare expenditures and large patient population. A challenge for the industry would be the high costs associated with developing and manufacturing robotic prosthetics. This may limit their adoption in price sensitive developing nations.
• Collaborations between device makers, medical technology firms and research institutes will be key to continuously enhance product functionalities. Successful clinical trials and marketing campaigns emphasizing on improvement in quality of life can help address concerns around high costs.

Market Segmentation

• By Technology Insights (Revenue, USD Bn, 2019 - 2031)
  • Microprocessor-controlled prosthetics
  • Myoelectric prosthetics
  • Bionic prosthetics
  • Hybrid prosthetics
• By Extremity Insights (Revenue, USD Bn, 2019 - 2031)
  • Upper extremity prosthetics
    • Prosthetic Arm
    • Prosthetic Hand
    • Others
  • Lower extremity prosthetics
    • Prosthetic Knee
    • Prosthetic Ankle
    • Others
• By End User Insights (Revenue, USD Bn, 2019 - 2031)
  • Hospitals
  • Rehabilitation centers
  • Home care settings
  • Others
• Regional Insights (Revenue, USD Bn, 2019 - 2031)
  • North America
    • U.S.
    • Canada
  • Latin America
    • Brazil
    • Argentina
    • Mexico
    • Rest of Latin America
  • Europe
    • Germany
    • U.K.
    • Spain
    • France
    • Italy
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • India
    • Japan
    • Australia
    • South Korea
    • ASEAN
    • Rest of Asia Pacific
  • Middle East
    • GCC Countries
    • Israel
    • Rest of Middle East
  • Africa
    • South Africa
    • North Africa
    • Central Africa
• Key Players Insights
  • Ottobock
  • Össur Americas
  • Touch Bionics, Inc.
  • Endolite
  • Blatchford Group
  • HDT Global
  • SynTouch, Inc.
  • ReWalk Robotics
  • Steeper Group
  • Artificial Limbs & Appliances
  • Freedom Innovations
  • Aesthetic Prosthetics
  • Bionics Institute
  • Kinetic Muscles
  • Medtronic