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Global Robotic Prosthetics Market Size, Share & Trends Analysis Report by Extremity (Upper, Lower), by Technology (MPC, Myoelectric), by Region (North America, Europe, APAC, Latin America, MEA), and Segment Forecasts, 2022-2030

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    Report

  • 90 Pages
  • June 2022
  • Region: Global
  • Grand View Research
  • ID: 4396483
The global robotic prosthetics market size is anticipated to reach USD 2.8 billion by 2030. The market is expected to witness a CAGR of 9.2% from 2022 - 2030. Robotics is an ever-evolving field with constant ongoing innovation. The increase in the number of people needing robotic prosthetics worldwide due to both traumatic as well as non-traumatic injuries has led to the massive expansion of the market. The Amputee Coalition estimated the number of people undergoing some form of limb loss will be over 3.5 million by 2050. Furthermore, the growing prevalence of diseases like diabetes and peripheral arterial disease are among major contributors to the increase in the number of amputations being performed on a global level.



The increasing number of people suffering from chronic ailments like diabetes is alarming. According to WHO, over 422 million people, worldwide suffer from this disease, the majority of which are from low and middle-income countries. The Amputee Coalition states that people who undergo lower extremity amputations will require a second amputation within 2 to 3 years of the first amputation, a total of 55% of people will need a second amputation due to diabetes, this has thus created a space for the market of robotic prosthetics for people with amputations caused due to diabetes.

Continually evolving technology in the robotics space has been a major driving force for the market. The use of better materials to build prosthetics is also contributing significantly to the advancements. Companies are delving into cutting-edge technologies like the bionic prosthesis which are controlled by the mind and muscle. The key market restraint in this is the cost of such prosthetics. Many companies have rolled out bionic prosthetics which are surgically attached to the bone, muscle, and nerves. For instance, Ottobock an industry leader has a range of myoelectric prostheses which are capable of mimicking natural hand movements.

The technology segment was dominated by the microprocessor-controlled prosthetic segment, with a market share of 57.7% of the market in 2021. This system has better stability and provides better functionality for the artificial limb over conventional mechanical prosthetics. Their ease of use and adaptability are among the major drivers of the growth of this technology. However, the myoelectric prosthetics are poised to register substantial growth during the forecast years. This is due to the fact that myoelectric prosthetics are more natural, have higher human-like movements, and are capable of providing touch, hold and grasp functions. Constant innovation in the use of AI for building more human-like prosthetics is driving this segment as well as the overall market.

The lower extremity section held the largest market share of 56.5% in 2021. The number of amputations performed is more for lower extremities as compared to upper extremities. This is due to an increase in the number of chronic illnesses like diabetes which causes foot ulcers and overall loss of nerve function as well as PAD which causes reduced blood flow to the lower extremities of the body. Amputee Coalition puts the number of instances where lower extremities amputation is preceded by foot ulcers at 85%. Furthermore, the number of lower-limb amputations was 65%. All the above-stated factors contribute heavily to the growth of the market.

As per regions, North America topped the charts with 43.0% of the market share. The technological advancements and availability of resources are high in the region which is one of the prime factors behind the staggering share of the global market. Higher capacity to spend on healthcare as well as high expenditure on healthcare by the government is also responsible for the market to make such progress in this region. The presence of key players in the industry and several R&D activities being performed in the field of robotics by corporations and institutes are also positively affecting the market. The APAC region is poised to witness the fastest growth, this can be attributed to improving healthcare infrastructure, advancing technology as well as high prevalence of chronic ailments. The region’s low and middle-income countries are major markets for robotic prosthetics.

The general economic slowdown during the COVID-19 pandemic also impacted the robotic prosthetic industry, adversely. The cross-border trade restrictions, higher costs of shipping, raw materials, etc., were driving down the market. It is however expected to pick up as the restrictions are lifted and normalcy sets it. The advancements in the field of robotics in healthcare have also had a huge impact on the growth of the market.

Robotic Prosthetics Market Report Highlights

  • The market will reach USD 2.8 million by 2030 at a CAGR of 9.2% during the forecast period.
  • As per technology, the myoelectric prosthetics segment is expected to record the fastest growth rate during the forecast period, owing to their near-normal limb mimicking capability.
  • The lower limb extremities segment accounted for the largest revenue share in 2021.
  • North America captured the largest revenue share of 43.0% in 2021.


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Frequently Asked Questions about the Global Robotic Prosthetics Market

What is the estimated value of the Global Robotic Prosthetics Market?

The Global Robotic Prosthetics Market was estimated to be valued at $1.38 Billion in 2022.

What is the growth rate of the Global Robotic Prosthetics Market?

The growth rate of the Global Robotic Prosthetics Market is 9.2%, with an estimated value of $2.8 Billion by 2030.

What is the forecasted size of the Global Robotic Prosthetics Market?

The Global Robotic Prosthetics Market is estimated to be worth $2.8 Billion by 2030.

Who are the key companies in the Global Robotic Prosthetics Market?

Key companies in the Global Robotic Prosthetics Market include Touch Bionics Inc. and Touch Bionics Limited, HDT Global, SynTouch, Inc., Artificial Limbs & Appliances, Ottobock, Ossur Americas and Blatchford Group.

Table of Contents

Chapter 1. Methodology and Scope
1.1. Research Methodology
1.2. Research Scope & Assumptions
1.3. List of Data Sources
Chapter 2. Executive Summary
2.1. Market Snapshot
Chapter 3. Robotic Prosthetics Market Variables, Trends & Scope
3.1. Market Segmentation
3.2. Market driver analysis
3.3. Market restraint analysis
3.4. Key Opportunities Prioritized
3.5. Robotic Prosthetics Market-SWOT Analysis, By Factor (political & legal, economic and technological), 2021
3.6. Industry Analysis-Porter's
Chapter 4. Robotic Prosthetics Market: Technology Estimates & Trend Analysis
4.1. Robotic Prosthetics Market Share by Technology, 2021 & 2030 (USD Million)
4.2. MPC Prosthetics
4.2.1. Market estimates and forecast, 2016-2030 (USD Million)
4.3. Myoelectric Prosthetics
4.3.1. Market estimates and forecast, 2016-2030 (USD Million)
Chapter 5. Robotic Prosthetics Market: Extremity Estimates & Trend Analysis
5.1. Robotic Prosthetics Market Share by Extremity, 2021 & 2030 (USD Million)
5.2. Lower Body Prosthetics
5.2.1. Market estimates and forecast, 2016-2030 (USD Million)
5.3. Upper Body Prosthetics
5.3.1. Market estimates and forecast, 2016-2030 (USD Million)
Chapter 6. Robotic Prosthetics: Regional Outlook by Technology and by Extremity
6.1. Robotic Prosthetics Market Share by Region, 2021 & 2030 (USD Million)
6.2. North America
6.2.1. North America market estimates and forecast, 2016-2030 (USD Million)
6.2.2. North America market estimates and forecast by technology, 2016-2030 (USD Million)
6.2.3. North America market estimates and forecast by extremity, 2016-2030 (USD Million)
6.2.4. The U.S.
6.2.4.1.U.S. market estimates and forecast, 2016-2030 (USD Million)
6.2.4.2. U.S. market estimates and forecast by technology, 2016-2030 (USD Million)
6.2.4.3. U.S. market estimates and forecast by extremity, 2016-2030 (USD Million)
6.2.5. Canada
6.2.5.1. Canada market estimates and forecast, 2016-2030 (USD Million)
6.2.5.2. Canada market estimates and forecast by technology, 2016-2030 (USD Million)
6.2.5.3. Canada market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3. Europe
6.3.1. Europe market estimates and forecast, 2016-2030 (USD Million)
6.3.2. Europe market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.3. Europe market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3.4. Germany
6.3.4.1. Germany market estimates and forecast, 2016-2030 (USD Million)
6.3.4.2. Germany market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.4.3. Germany market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3.5. U.K.
6.3.5.1. U.K. market estimates and forecast, 2016-2030 (USD Million)
6.3.5.2. U.K. market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.5.3. U.K. market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3.6. Italy
6.3.6.1. Italy market estimates and forecast, 2016-2030 (USD Million)
6.3.6.2. Italy market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.6.3. Italy market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3.7. France
6.3.7.1. France market estimates and forecast, 2016-2030 (USD Million)
6.3.7.2. France market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.7.3. France market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3.8. Spain
6.3.8.1. Spain market estimates and forecast, 2016-2030 (USD Million)
6.3.8.2. Spain market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.8.3. Spain market estimates and forecast by extremity, 2016-2030 (USD Million)
6.3.9. Russia
6.3.9.1. Russia market estimates and forecast, 2016-2030 (USD Million)
6.3.9.2. Russia market estimates and forecast by technology, 2016-2030 (USD Million)
6.3.9.3. Russia market estimates and forecast by extremity, 2016-2030 (USD Million)
6.4. Asia Pacific
6.4.1. Asia Pacific market estimates and forecast, 2016-2030 (USD Million)
6.4.2. Asia Pacific market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.3. Asia Pacific market estimates and forecast by extremity, 2016-2030 (USD Million)
6.4.4. China
6.4.4.1. China market estimates and forecast, 2016-2030 (USD Million)
6.4.4.2. China market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.4.3. China market estimates and forecast by extremity, 2016-2030 (USD Million)
6.4.5. Japan
6.4.5.1. Japan market estimates and forecast, 2016-2030 (USD Million)
6.4.5.2. Japan market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.5.3. Japan market estimates and forecast by extremity, 2016-2030 (USD Million)
6.4.6. India
6.4.6.1. India market estimates and forecast, 2016-2030 (USD Million)
6.4.6.2. India market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.6.3. India market estimates and forecast by extremity, 2016-2030 (USD Million)
6.4.7. South Korea
6.4.7.1. South Korea market estimates and forecast, 2016-2030 (USD Million)
6.4.7.2 South Korea market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.7.3. South Korea market estimates and forecast by extremity, 2016-2030 (USD Million)
6.4.8 Singapore
6.4.8.1 Singapore market estimates and forecast, 2016-2030 (USD Million)
6.4.8.2. Singapore market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.8.3. Singapore market estimates and forecast by extremity, 2016-2030 (Million)
6.4.9. Australia
6.4.9.1. Australia market estimates and forecast, 2016-2030 (USD Million)
6.4.9.2. Australia market estimates and forecast by technology, 2016-2030 (USD Million)
6.4.9.3. Australia market estimates and forecast by extremity, 2016-2030 (USD Million)
6.5. Latin America
6.5.1. Latin America market estimates and forecast, 2016-2030 (USD Million)
6.5.2. Latin America market estimates and forecast by technology, 2016-2030 (USD Million)
6.5.3. Latin America market estimates and forecast by extremity, 2016-2030 (USD Million)
6.5.4. Brazil
6.5.4.1. Brazil market estimates and forecast, 2016-2030 (USD Million)
6.5.4.2. Brazil market estimates and forecast by technology, 2016-2030 (USD Million)
6.5.4.3. Brazil market estimates and forecast by extremity, 2016-2030 (USD Million)
6.5.5. Mexico
6.5.5.1. Mexico market estimates and forecast, 2016-2030 (USD Million)
6.5.5.2. Mexico market estimates and forecast by technology, 2016-2030 (USD Million)
6.5.5.3. Mexico market estimates and forecast by extremity, 2016-2030 (USD Million)
6.5.6. Argentina
6.5.6.1. Argentina market estimates and forecast, 2016-2030 (USD Million)
6.5.6.2. Argentina market estimates and forecast by technology, 2016-2030 (USD Million)
6.5.6.3. Argentina market estimates and forecast by extremity, 2016-2030 (USD Million)
6.6. Middle East & Africa
6.6.1. Middle East & Africa market estimates and forecast, 2016-2030 (USD Million)
6.6.2. Middle East & Africa market estimates and forecast by technology, 2016-2030 (USD Million)
6.6.3. Middle East & Africa market estimates and forecast by extremity, 2016-2030 (USD Million)
6.6.4. South Africa
6.6.4.1. South Africa market estimates and forecast, 2016-2030 (USD Million)
6.6.4.2. South Africa market estimates and forecast by technology, 2016-2030 (USD Million)
6.6.4.3. South Africa market estimates and forecast by extremity, 2016-2030 (USD Million)
6.6.5. Saudi Arabia
6.6.5.1. Saudi Arabia market estimates and forecast, 2016-2030 (USD Million)
6.6.5.2. Saudi Arabia market estimates and forecast by technology, 2016-2030 (USD Million)
6.6.5.3. Saudi Arabia market estimates and forecast by extremity, 2016-2030 (USD Million)
6.6.6. UAE
6.6.6.1. UAE market estimates and forecast, 2016-2030 (USD Million)
6.6.6.2. UAE market estimates and forecast by technology, 2016-2030 (USD Million)
6.6.6.3. UAE market estimates and forecast by extremity, 2016-2030 (USD Million)
Chapter 7 Robotic Prosthetics Market-Competitive Landscape
7.1 Strategy framework
7.2 Recent developments & impact analysis, by key market participants
7.3 Company/Competition Categorization (Key innovators, Market leaders, Emerging players)
7.4 Company market position analysis
7.5 Key company profiles
7.5.1 Touch Bionics Inc. and Touch Bionics Limited
7.5.1.1 Company overview
7.5.1.2. Financial performance
7.5.1.3 Product benchmarking
7.5.1.4 Strategic initiatives
7.5.2 HDT Global
7.5.2.1. Company overview
7.5.2.2. Financial performance
7.5.2.3. Product benchmarking
7.5.2.4. Strategic initiatives
7.5.3 SynTouch, Inc.
7.5.3.1. Company overview
7.5.3.2. Financial performance
7.5.3.3. Product benchmarking
7.5.3.4. Strategic initiatives
7.5.4. Artificial Limbs & Appliances
7.5.4.1. Company overview
7.5.4.2. Financial performance
7.5.4.3. Product benchmarking
7.5.4.4. Strategic initiatives
7.5.5. Ottobock
7.5.5.1. Company overview
7.5.5.2. Financial performance
7.5.5.3. Product benchmarking
7.5.5.4. Strategic initiatives
7.5.6. Ossur Americas
7.5.6.1. Company overview
7.5.6.2. Financial performance
7.5.6.3. Product benchmarking
7.5.6.4. Strategic initiatives
7.5.7. Blatchford Group
7.5.7.1. Company overview
7.5.7.2. Financial performance
7.5.7.3. Product benchmarking
7.5.7.4. Strategic initiatives
List of Tables
Table 1 North America robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 2 North America robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 3 U.S. robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 4 U.S. robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 5 Canada robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 6 Canada robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 7 Europe robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 8 Europe robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 9 U.K. robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 10 U.K. robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 11 Germany robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 12 Germany robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 13 Italy robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 14 Italy robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 15 France robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 16 France robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 17 Spain robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 18 Spain robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 19 Russia robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 20 Russia robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 21 Asia Pacific robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 22 Asia Pacific robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 23 Japan robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 24 Japan robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 25 China robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 26 China robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 27 India robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 28 India robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 29 South Korea robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 30 South Korea robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 31 Singapore robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 32 Singapore robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 33 Australia robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 34 Australia robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 35 Latin America robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 36 Latin America robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 37 Mexico robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 38 Mexico robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 39 Brazil robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 40 Brazil robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 41 Argentina robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 42 Argentina robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 43 MEA robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 44 MEA robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 46 South Africa robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 47 South Africa robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 48 Saudi Arabia robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 49 Saudi Arabia robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
Table 50 UAE robotic prosthetics market, by technology, 2016-2030 (USD Million)
Table 51 UAE robotic prosthetics market, by extremities type, 2016-2030 (USD Million)
List of Figures
FIG. 1 Market research process
FIG. 2 Information procurement
FIG. 3 Primary research pattern
FIG. 4 Market research approaches
FIG. 5 Value chain-based sizing & forecasting
FIG. 6 QFD modelling for market share assessment
FIG. 7 Market summary 2019, (USD Million)
FIG. 8 Market trends & outlook
FIG. 9 Market segmentation & scope
FIG. 10 Market summary 2019, (USD Million)
FIG. 11 Market driver relevance analysis (Current & future impact)
FIG. 12 Market restraint relevance analysis (Current & future impact)
FIG. 13 Key opportunities prioritized
FIG. 14 SWOT analysis, by factor (political & legal, economic and technological)
FIG. 15 Porter’s Five Forces Analysis
FIG. 16 Robotic prosthetics Market, technology type outlook key takeaways (USD Million)
FIG. 17 Robotic prosthetics market: Technology movement analysis (USD Million)
FIG. 18 MPC prosthetics market estimates and forecasts, 2016-2030 (USD Million)
FIG. 19 Myoelectric prosthetics market estimates and forecasts, 2016-2030 (USD Million)
FIG. 20 Robotic prosthetics Market, Extremity outlook key takeaways (USD Thousand)
FIG. 21 Robotic prosthetics market: Extremity movement analysis (USD Million)
FIG. 22 Lower body prosthetics market estimates and forecasts, 2016-2030 (USD Million)
FIG. 23 Upper body prosthetics market estimates and forecasts, 2016-2030 (USD Million)
FIG. 24 Regional market place: Key takeaways (USD Million)
FIG. 25 Robotic prosthetics market: Regional movement analysis (USD Million)
FIG. 26 North America robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 27 U.S. Robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 28 Canada robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 29 Europe robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 30 U.K. robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 31 Germany robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 32 Italy robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 33 France robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 34 Spain robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 35 Russia robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 36 Asia Pacific robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 37 Japan robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 38 China robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 39 India robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 40 South Korea robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 41 Singapore robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 42 Australia robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 43 Latin America robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 44 Mexico robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 45 Brazil robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 46 Argentina robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 47 MEA robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 48 South Africa robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 49 Saudi Arabia robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)
FIG. 50 UAE robotic prosthetics market estimates and forecast, 2016-2030 (USD Million)

Companies Mentioned

  • Touch Bionics Inc. and Touch Bionics Limited
  • HDT Global
  • SynTouch, Inc.
  • Artificial Limbs & Appliances
  • Ottobock
  • Ossur Americas
  • Blatchford Group

Methodology

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