The global robotic prosthetics market size was estimated to be USD 1.61 billion in 2023 and is expected to reach USD 4.12 billion by 2034 with a CAGR of 8.91% during the forecast period 2024-2034. Rising amputation rates, advancement in robotics technology, growing demand for improved quality of life, government initiatives and support, and integration with emerging technologies will drive the market growth.
Further advancements in robotics, such as machine learning and artificial intelligence (AI), led to the development of increasingly complex and versatile robotic prostheses. Automated prosthetic devices move more naturally and with greater precision because of improved feedback systems and sensor technology. For instance, in 2023, the British business Touch Bionics, which specializes in upper-limb prostheses, had its assets bought by Össur. With this acquisition, Össur will be able to reach more clients and diversify its product line.
By product type, the lower limb prosthetics segment accounted for the highest revenue-grossing segment in the global robotic prosthetics market in 2023 owing to the advancements in technology, which led to the development of highly sophisticated and customizable lower limb prosthetics. For instance, Ottobock introduced the Genium X3, a revolutionary bionic knee, in 2022. Its design aims to make it easier to operate than earlier models. Additionally, the upper limb prosthetics segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing focus on restoring functionality and dexterity for individuals with upper limb amputations.
By technology, the myoelectric prosthetics segment accounted for the highest revenue-grossing segment in the global robotic prosthetics market in 2023 owing to the seamless integration of sophisticated myoelectric control technology, enabling users to achieve more natural and intuitive control over their prosthetic limbs. For instance, Össur bought Touch Bionics in 2023. Innovative prosthetic hands from Touch Bionics, such as the i-Limb, and the bebionic hand, are well-known. Additionally, the microprocessor-controlled prosthetics segment is predicted to grow at the fastest CAGR during the forecast period owing to the increased emphasis on enhancing user mobility and stability through advanced control mechanisms.
By end-user, the hospitals segment accounted for the highest revenue-grossing segment in the global robotic prosthetics market in 2023 owing to the increased adoption of robotic prosthetic technologies for rehabilitation and patient care, with hospitals being at the forefront of integrating these advanced solutions into their comprehensive healthcare services. For instance, Open Bionics introduced the Hero Arm in 2022, a novel prosthetic arm that is intended to be simple and inexpensive to produce. Additionally, the prosthetic clinics segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing recognition of the specialized expertise and tailored services offered by prosthetic clinics, as well as an increasing focus on personalized care for individuals with limb loss.
North American region is anticipated to have the highest revenue share during the forecast period owing to the robust technological infrastructure, a high prevalence of limb loss cases, and widespread adoption of advanced medical technologies. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising awareness of advanced healthcare technologies, an increasing prevalence of limb loss cases, and expanding efforts to enhance accessibility to prosthetic solutions. For instance, Vincent Systems GmbH introduced the SAM 3D printed foot in 2023, which offers better biomechanics and customization than conventional prostheses.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Further advancements in robotics, such as machine learning and artificial intelligence (AI), led to the development of increasingly complex and versatile robotic prostheses. Automated prosthetic devices move more naturally and with greater precision because of improved feedback systems and sensor technology. For instance, in 2023, the British business Touch Bionics, which specializes in upper-limb prostheses, had its assets bought by Össur. With this acquisition, Össur will be able to reach more clients and diversify its product line.
By product type, the lower limb prosthetics segment accounted for the highest revenue-grossing segment in the global robotic prosthetics market in 2023 owing to the advancements in technology, which led to the development of highly sophisticated and customizable lower limb prosthetics. For instance, Ottobock introduced the Genium X3, a revolutionary bionic knee, in 2022. Its design aims to make it easier to operate than earlier models. Additionally, the upper limb prosthetics segment is predicted to grow at the fastest CAGR during the forecast period owing to the increasing focus on restoring functionality and dexterity for individuals with upper limb amputations.
By technology, the myoelectric prosthetics segment accounted for the highest revenue-grossing segment in the global robotic prosthetics market in 2023 owing to the seamless integration of sophisticated myoelectric control technology, enabling users to achieve more natural and intuitive control over their prosthetic limbs. For instance, Össur bought Touch Bionics in 2023. Innovative prosthetic hands from Touch Bionics, such as the i-Limb, and the bebionic hand, are well-known. Additionally, the microprocessor-controlled prosthetics segment is predicted to grow at the fastest CAGR during the forecast period owing to the increased emphasis on enhancing user mobility and stability through advanced control mechanisms.
By end-user, the hospitals segment accounted for the highest revenue-grossing segment in the global robotic prosthetics market in 2023 owing to the increased adoption of robotic prosthetic technologies for rehabilitation and patient care, with hospitals being at the forefront of integrating these advanced solutions into their comprehensive healthcare services. For instance, Open Bionics introduced the Hero Arm in 2022, a novel prosthetic arm that is intended to be simple and inexpensive to produce. Additionally, the prosthetic clinics segment is predicted to grow at the fastest CAGR during the forecast period owing to the growing recognition of the specialized expertise and tailored services offered by prosthetic clinics, as well as an increasing focus on personalized care for individuals with limb loss.
North American region is anticipated to have the highest revenue share during the forecast period owing to the robust technological infrastructure, a high prevalence of limb loss cases, and widespread adoption of advanced medical technologies. Additionally, the Asia Pacific region is predicted to grow at the fastest CAGR during the forecast period owing to the rising awareness of advanced healthcare technologies, an increasing prevalence of limb loss cases, and expanding efforts to enhance accessibility to prosthetic solutions. For instance, Vincent Systems GmbH introduced the SAM 3D printed foot in 2023, which offers better biomechanics and customization than conventional prostheses.
This comprehensive research report focuses on the global and regional market size and forecasts from 2023 to 2034.
Report Scope:
- Base Year: 2023
- Forecast Period: 2024-2034
- Study Coverage
- Market Forecast by Product Type, Technology, and End-User
- Market Forecast for 5 Regions and 17+ Countries
- North America (U.S. and Canada)
- Europe (Germany, France, UK, Spain, Italy, Russia, Rest of Europe)
- Asia Pacific (China, Japan, India, Australia, South Korea, Rest of APAC)
- Latin America (Brazil, Mexico, Argentina, Rest of LATAM)
- MEA (South Africa, GCC, Rest of MEA)
- Exhaustive Company Profiles of the Top 10+ Major Market Players
- 20% Free Customization Available to Meet Your Exact Requirement.
Segmentation: Robotic Prosthetics Market Report 2023 - 2034
Robotic Prosthetics Market Analysis & Forecast by Product Type 2023 - 2034 (Revenue USD Bn)
- Lower limb prosthetics
- Upper limb prosthetics
Robotic Prosthetics Market Analysis & Forecast by Technology 2023 - 2034 (Revenue USD Bn)
- Myoelectric prosthetics
- Microprocessor-controlled prosthetics
- Brain-computer interface (BCI) prosthetics
Robotic Prosthetics Market Analysis & Forecast by End-User 2023 - 2034 (Revenue USD Bn)
- Hospital
- Prosthetic clinics
- Rehabilitation centers
Robotic Prosthetics Market Analysis & Forecast by Region 2023 - 2034 (Revenue USD Bn)
- North America
- U.S.
- Canada
- Europe
- Germany
- France
- UK
- Spain
- Italy
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of LATAM
- Middle East & Africa
- South Africa
- GCC
- Rest of MEA
Table of Contents
1. Research Methodology
2. Introduction
4. Market Environment Analysis
5. Market Dynamics
7. Robotic Prosthetics Market: Product Type Estimates & Trend Analysis
8. Robotic Prosthetics Market: Technology Estimates & Trend Analysis
9. Robotic Prosthetics Market: End-User Estimates & Trend Analysis
10. Regional Market Analysis
11. North America Robotic Prosthetics Market
12. Europe Global Robotic Prosthetics Market
13. Asia Pacific Global Robotic Prosthetics Market
14. Latin America Global Robotic Prosthetics Market
15. MEA Global Robotic Prosthetics Market
16. Competitor Analysis
17. Company Profiles
Companies Mentioned
- Össur
- Ottobock
- Fillauer LLC
- Endolite
- Blatchford Group
- Touch Bionics (now part of Össur)
- HDT Global
- Open Bionics
- Freedom Innovations
- Vincent Systems GmbH
- Bionik Laboratories
- Myomo Inc.
- Ekso Bionics
- Rewalk Robotics
- Prosthetic Laboratories of Rochester.
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 200 |
| Published | March 2024 |
| Forecast Period | 2023 - 2034 |
| Estimated Market Value ( USD | $ 1.61 Billion |
| Forecasted Market Value ( USD | $ 4.12 Billion |
| Compound Annual Growth Rate | 8.9% |
| Regions Covered | Global |
| No. of Companies Mentioned | 15 |
