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Global Robotic Prosthetics Market (2021-2026) by Product, Technology, Application, End Users, Geography, Competitive Analysis and the Impact of Covid-19 with Ansoff Analysis

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    Report

  • 170 Pages
  • September 2021
  • Region: Global
  • Infogence Global Research
  • ID: 5503436
The Global Robotic Prosthetics Market is estimated to be USD 920 Mn in 2020 and is expected to reach USD 1,402 Mn by 2025, growing at a CAGR of 8.8%.



Market Dynamics

Factors driving the market for robotic prosthetics are a rise in cases of amputation, more government support, and increasing investment in research and development of new technologies. The increasing number of ulcers, diabetes also congenital abnormalities that lead to amputation are anticipated to drive the growth of the studied market over the forecast period. The surging number of government funding and initiatives by non-profit organizations facilitate the finance for robotic prosthetic devices. High investment in R&D further leads to the development of integrating intelligent mechatronics, advanced sensing, and control for attaining lost sensorimotor, hence supporting the market growth.

However, the high cost associated with robotic prosthetics may restrain business growth in developing and under-developed countries over the forecast period. The need for the maintenance of prosthetics is another problem that customers face. Nevertheless, technological advancement in the processors used in robotic arms has enabled developers to aid fine-tuned control of the prosthetics. Hence this kind of technology advancement can open up new opportunities for this market.

Market Segmentation

The Global Robotic Prosthetics Market is segmented further based on Product, Technology, Application, End Users, and Geography.

By Product Type, the market is classified as Prosthetic Arms, Prosthetic Feet/Ankles, Prosthetic Legs/Knees, Prosthetic Hands, Others. Prosthetic Feet/Ankles is anticipated to hold the largest market share.

By Technology, the market is classified as Prosthetic Foot Materials, Bluetooth, Microprocessor Knees, Myoelectric Technology, Others. The Myoelectric Prosthetics segment is expected to be the fastest-growing.

By Application, the market is classified as Lower Body Extremity and Upper Body Extremity. The Lower Body Extremity segment dominated the market.

By End User, the market is classified as Hospitals, Clinics, Others. Hospital segment accounts for the largest share.

By Geography, North America is projected to lead the market with the largest market share.

Recent Developments

Stryker acquired Wright Medical Group N.V., which is a global medical device company focused on extremities & biologics. This acquisition benefits to enhances Stryker’s global market position in trauma & extremities, by providing significant opportunities to advance innovation as well as reach more patients. - 11th November 2020

Company Profiles

Some of the companies covered in this report are HDT Global, Touch Bionics Inc., SynTouch Inc., Shadow Robot Company, Stryker Corporation, Smith & Nephew, Aethon, ReWalk Robotics, Medrobotics Corporation, KUKA Roboter GmbH, Intuitive Surgical, Inc., etc.

Competitive Quadrant

The report includes Competitive Quadrant, a proprietary tool to analyze and evaluate the position of companies based on their Industry Position score and Market Performance score. The tool uses various factors for categorizing the players into four categories. Some of these factors considered for analysis are financial performance over the last 3 years, growth strategies, innovation score, new product launches, investments, growth in market share, etc.

Why buy this report?

  • The report offers a comprehensive evaluation of the Global Robotic Prosthetics Market. The report includes in-depth qualitative analysis, verifiable data from authentic sources, and projections about market size. The projections are calculated using proven research methodologies.
  • The report has been compiled through extensive primary and secondary research. The primary research is done through interviews, surveys, and observation of renowned personnel in the industry.
  • The report includes an in-depth market analysis using Porter’s 5 force model and the Ansoff Matrix. The impact of Covid-19 on the market is also featured in the report.
  • The report also contains the competitive analysis using a Competitive Quadrant, the analyst’s proprietary competitive positioning tool.

Report Highlights:

  • A complete analysis of the market, including parent industry
  • Important market dynamics and trends
  • Market segmentation
  • Historical, current, and projected size of the market based on value and volume
  • Market shares and strategies of key players
  • Recommendations to companies for strengthening their foothold in the market
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 $920 Million in 2021.

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

The growth rate of the Global Robotic Prosthetics Market is 8.8%, with an estimated value of $1402 Million by 2026.

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

The Global Robotic Prosthetics Market is estimated to be worth $1402 Million by 2026.

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

Key companies in the Global Robotic Prosthetics Market include HDT Global, Touch Bionics Inc., SynTouch Inc., Shadow Robot Company, Stryker Corporation, Smith & Nephew Plc., Aethon, ReWalk Robotics, Inc. and KUKA Roboter GmbH.

Table of Contents

1 Report Description
1.1 Study Objectives
1.2 Market Definition
1.3 Currency
1.4 Years Considered
1.5 Language
1.6 Key Stakeholders
2 Research Methodology
2.1 Research Process
2.2 Data Collection and Validation
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 IGR Models
2.3 Market Size Estimation
2.3.1 Bottom-Up Approach
2.3.2 Top-Down Approach
2.4 Assumptions of the Study
2.5 Limitations of the Study
3 Executive Summary
3.1 Introduction
3.2 Market Size and Segmentation
3.3 Market Outlook
4 Market Overview
4.1 Introduction
4.2 Market Dynamics
4.2.1 Drivers
4.2.1.1 Increasing Cases of Amputation
4.2.1.2 Increasing Government Support
4.2.1.3 Advancements in Robotic Space
4.2.1.4 Growing Investment in R&D
4.2.2 Restraints
4.2.2.1 High Cost Associated with Robotic Prosthetic
4.2.2.2 Weight Increase, Intricate and Frequent Maintenance, And Noisy Actuation Coupled with Unreliable Control System
4.2.3 Opportunities
4.2.3.1 Rising Incidences of Fractures
4.2.3.2 Increasing Awareness Among People and Surge in Healthcare Spending
4.2.4 Challenges
4.2.4.1 Lack of Reimbursement Policies
4.3 Trends
5 Market Analysis
5.1 Regulatory Scenario
5.2 Porter’s Five Forces Analysis
5.3 Impact of COVID-19
5.4 Ansoff Matrix Analysis
6 Global Robotic Prosthetics Market, By Product Type
6.1 Introduction
6.2 Prosthetic Arms
6.3 Prosthetic Feet/Ankles
6.4 Prosthetic Legs/Knees
6.5 Prosthetic Hands
6.6 Others
7 Global Robotic Prosthetics Market, By Technology
7.1 Introduction
7.2 Prosthetic Foot Materials
7.3 Bluetooth
7.4 Microprocessor Knees
7.5 Myoelectric Technology
7.6 Others
8 Global Robotic Prosthetics Market, By Application
8.1 Introduction
8.2 Lower Body Extremity
8.3 Upper Body Extremity
9 Global Robotic Prosthetics Market, By End User
9.1 Introduction
9.2 Hospitals
9.3 Clinics
9.4 Others
10 Global Robotic Prosthetics Market, By Geography
10.1 Introduction
10.2 North America
10.2.1 US
10.2.2 Canada
10.2.3 Mexico
10.3 South America
10.3.1 Brazil
10.3.2 Argentina
10.4 Europe
10.4.1 UK
10.4.2 France
10.4.3 Germany
10.4.4 Italy
10.4.5 Spain
10.4.6 Rest of Europe
10.5 Asia-Pacific
10.5.1 China
10.5.2 Japan
10.5.3 India
10.5.4 Indonesia
10.5.5 Malaysia
10.5.6 South Korea
10.5.7 Australia
10.5.8 Russia
10.5.9 Rest of APAC
10.6 Rest of the World
10.6.1 Qatar
10.6.2 Saudi Arabia
10.6.3 South Africa
10.6.4 United Arab Emirates
10.6.5 Latin America
11 Competitive Landscape
11.1 IGR Competitive Quadrant
11.2 Market Share Analysis
11.3 Strategic Initiatives
11.3.1 M&A and Investments
11.3.2 Partnerships and Collaborations
11.3.3 Product Developments and Improvements
12 Company Profiles
12.1 HDT Global
12.2 Touch Bionics Inc.
12.3 SynTouch Inc.
12.4 Shadow Robot Company
12.5 Stryker Corporation
12.6 Smith & Nephew Plc.
12.7 Aethon
12.8 ReWalk Robotics, Inc.
12.9 Medrobotics Corporation
12.10 KUKA Roboter GmbH
12.11 Intuitive Surgical, Inc.
12.12 Medtronic Plc.
12.13 Hansen Medical, Inc.
12.14 Asensus Surgical
12.15 ZOLL Medical Corporation (An Asahi Kasei Group Company)
12.16 Human Technology Inc.
12.17 Ottobock
12.18 Endolite India Ltd
12.19 Ossur Americas, Inc.
12.20 Open Bionics
12.21 Artificial Limbs & Appliances Pty Ltd.
12.22 Irobot Corporation
12.23 Northrop Grumman Corporation
13 Appendix
13.1 Questionnaire

Companies Mentioned

  • HDT Global
  • Touch Bionics Inc.
  • SynTouch Inc.
  • Shadow Robot Company
  • Stryker Corporation
  • Smith & Nephew Plc.
  • Aethon
  • ReWalk Robotics, Inc.
  • Medrobotics Corporation
  • KUKA Roboter GmbH
  • Intuitive Surgical, Inc.
  • Medtronic Plc.
  • Hansen Medical, Inc.
  • Asensus Surgical
  • ZOLL Medical Corporation (An Asahi Kasei Group Company)
  • Human Technology Inc.
  • Ottobock
  • Endolite India Ltd
  • Ossur Americas, Inc.
  • Open Bionics
  • Artificial Limbs & Appliances Pty Ltd.
  • Irobot Corporation
  • Northrop Grumman Corporation