Global Robotics Prosthetics Market Size, Share, Forecast Report, 2020-2027

Robotics prosthetic is an artificial limb, which enhances the function and lifestyle of the person with a missing body part. Robotics prosthetics help to restore the normal function of the missing limbs. Today artificial limbs can be controlled by computer, brain, and sensation with advanced technology. Increasing demand for the advanced technology, growing geriatric population, and increasing prevalence of different diseases drive the growth of this market.

According to a report published by International Osteoporosis Foundation, in 2017, approximately one in three women and one in five men aged over 50 years are likely to suffer from fragility fracture during their remaining lifetime. Also, In the United Kingdom, around 536,000 people suffer from fragility fractures each year, which also include 79,000 hip fractures. Rising incidence of fractures, increasing awareness among the people towards the use of innovative technologies, and high health care spending has fueled the market growth.

However, availability of expensive treatment and poor reimbursement policies in the developing regions of the world are some of the factors, which may hamper the market growth during the forecast period.

The global robotics prosthetics market is expected to grow at a CAGR of 9.5% during the forecast period 2016-2027.
Segmentations

The global robotics prosthetics market is segmented on the basis of product, by technology, application, and end user.

On the basis of the product, it is segmented into prosthetic arms, prosthetic feet/ankles, prosthetic legs/knees, prosthetic hands, and others.

On the basis of the technology, it is segmented into prosthetic foot materials, Bluetooth, microprocessor knees, myoelectric technology, and others.

On the basis of the application, it is segmented into the lower body extremity and upper body extremity.

On the basis of the end user, it is segmented into hospitals, clinics, and others.
Key Players

Some of the major players in the global robotics prosthetics market are HDT Global Inc (U.S.), Touch Bionics Inc. (U.S.), SynTouch, LLC (U.S.), Shadow Robot Company (U.K), Stryker Corporation (U.S.), Smith & Nephew (U.K), Aethon (U.S.), ReWalk Robotics (Israel), Medrobotics Corporation (U.S.), KUKA Roboter GmbH (Germany), Intuitive Surgical, Inc. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Transenterix, Inc. (U.S.), ZOLL Medical Corporation (U.S.)