ROBOTIC PROSTHETICS MARKET challenges and opportunities

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.