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

Regional Analysis

To learn more about this report, Request sample copy

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.