Robotic Prosthetics Market, By Technology (Microprocessor-controlled prosthetics, Myoelectric prosthetics, Bionic prosthetics, and Hybrid prosthetics), By Extremity (Upper extremity prosthetics and Lower extremity prosthetics), By End User (Hospitals, Rehabilitation centers, Home care settings, and Others), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Dec 2024

Code : CMI7659

Pages :140

Formats :

Excel and PDF

Industry : Medical Devices

Market Concentration and Competitive Landscape

Robotic Prosthetics Market Concentration By Players

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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.

Key Players Insights