Robotics Prosthetics Market Research Report- Global Forecast till 2027

Robotics Prosthetics Market Information: By-Products (Prosthetic Arms, Prosthetic Feet/Ankles), Technology (Bluetooth, Myoelectric Technology) Application (Lower Body, Upper Body Extremity) And End Users (Hospitals, Clinics) - Global Forecast till 2027

ID: MRFR/MED/0808-HCR | February 2021 | Region: Global | 130 pages

Market Scenario


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. 


Intended Audience



  • Robotics prosthetics Manufacturers

  • Robotics prosthetics Supplier

  • Medical derives Industries

  • Research and Development (R&D) Companies

  • Medical Research Laboratories

  • Academic Medical Institutes and Universities


Figure: Global Robotics prosthetics Market, By Region Market Share, 2016 (%) Robotics Prosthetics Market Sources: Annual reports, Press release, White paper, Company presentation


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.


Regional Analysis


The robotics prosthetics market is dominated by the Americas owing to continually developing technology and increasing prevalence of orthopedic diseases. According to the study published by Centers for Disease Control and Prevention, in 2015, the prevalence of osteoporosis and low bone mass at the femur neck in the United States are more in adults aged 50 years. Moreover, the prevalence of osteoporosis was highest among Mexican-American adults that is 24.9% followed by non-Hispanic white adults, 15.7%.


Europe holds the second position in the global robotics prosthetics market owing to the government support for research & development and availability of funds for research. This is expected to continue driving the European market over the forecasted period. For instance, countries like Germany and France are increasing investment in the healthcare domain.


The Asia Pacific is a huge market. Whereas a country like India and China are considering fastest growing region due to increasing aging population, growing awareness about new technology, and availability of funds. Additionally, they are open to adopting new technology, and best treatment option from developed countries in order to improve the quality of life for their citizen. Furthermore, increasing demand for quality devices in the healthcare is projected to lead to the use of advanced equipment, which, in turn, is likely to increase the market growth of the robotics prosthetics in the region. Increasing demand for quality product attract the focus of market players in this region, thus, they are introducing the advanced technology to maximize the profit in this region. Also, the lower cost of treatment in India attracts patient population from other countries.


On the other hand, in the Middle East and Africa holds the lowest market share owing to the incapability of investment and poor healthcare infrastructure.


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.) 


Research Methodology Global Robotics Prosthetics Market Sources: Annual reports, Press release, White paper, and Company presentation


 


 



Report Scope:
Report Attribute/Metric Details
  Market Size   2027: Significant value
  CAGR    9.5% (2016-2027)
  Base Year   2016
  Forecast Period   2027
  Historical Data   2016
  Forecast Units   Value (USD Million)
  Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered   By-Products, Technology, Application And End Users
  Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
  Key Vendors    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.)
  Key Market Opportunities

  • Rising incidence of fractures
  • Increasing awareness among the people towards the use of innovative technologies
  • High health care spending has fueled the market growth.
  •   Key Market Drivers

  • Increasing demand for the advanced technology
  • Growing geriatric population
  • increasing prevalence of different diseases drive the growth of this market


  • Frequently Asked Questions (FAQ) :


    The Global Robotic Prosthetics Market can expand at 9.5% CAGR from 2016 to 2027.

    High prevalence of osteoarthritis is the major driver of the Global Robotic Prosthetics Market.

    Lack of reimbursement policies and offerings of expensive treatment can impede the Global Robotic Prosthetics Market growth.

    The Americas can dominate in the Global Robotic Prosthetics Market due to high prevalence of orthopedic diseases.

    Stryker Corporation, Touch Bionics Inc., SynTouch, LLC, Medrobotics Corporation, Hansen Medical, Inc., Intuitive Surgical, Inc., Aethon, Smith & Nephew, ReWalk Robotics, Transenterix, Inc., Mazor Robotics Ltd., Shadow Robot Company, ZOLL Medical Corporation, KUKA Roboter GmbH, and HDT Global Inc are prominent players of the global robotics prosthetics market.

    Table of Content

    1. Report Prologue

    2. Market Introduction

    2.1 Definition

    2.2 Scope of the Study

    2.2.1 Research Objective

    2.2.2 Assumptions

    2.2.3 Limitations

    3. Research Methodology

    3.1 Introduction

    3.2 Primary Research

    3.3 Secondary research

    3.4 Market Size Estimation

    4. Market Dynamics

    4.1 Drivers

    4.2 Restrains

    4.3 Opportunities

    4.4 Challenges

    4.5 Macroeconomic Indicators

    4.6 Technology Trends & Assessment

    5. Market Factor Analysis

    5.1 Porters Five Forces Analysis

    5.1.1 Bargaining Power of Suppliers

    5.1.2 Bargaining Power of Buyers

    5.1.3 Threat of New Entrants

    5.1.4 Threat of Substitutes

    5.1.5 Intensity of Rivalry

    5.2 Value Chain Analysis

    5.3 Investment Feasibility Analysis

    5.4 Pricing Analysis

    6. Global Robotics Prosthetics Market, by Products

    6.1 Introduction

    6.2 Prosthetic Arms

    6.2.1 Market Estimates & Forecast, 2017-2027

    6.3 Prosthetic Feet/Ankles

    6.3.1 Market Estimates & Forecast, 2017-2027

    6.4 Prosthetic Legs/Knees

    6.4.1 Market Estimates & Forecast, 2017-2027

    6.5 Prosthetic Hands

    6.5.1 Market Estimates & Forecast, 2017-2027

    6.6 Others

    6.6.1 Market Estimates & Forecast, 2017-2027

    7. Global Robotics Prosthetics Market, by Technology

    7.1 Introduction

    7.2 Prosthetic Foot Materials

    7.2.1 Market Estimates & Forecast, 2017-2027

    7.3 Bluetooth

    7.3.1 Market Estimates & Forecast, 2017-2027

    7.4 Microprocessor Knees

    7.4.1 Market Estimates & Forecast, 2017-2027

    7.4 Myoelectric Technology

    7.4.1 Market Estimates & Forecast, 2017-2027

    7.4 Others

    7.4.1 Market Estimates & Forecast, 2017-2027

    8. Global Robotics Prosthetics Market, by Applications

    8.1 Introduction

    8.2 Lower Body Extremity

    8.2.1 Market Estimates & Forecast, 2017-2027

    8.3 Upper Body Extremity

    8.3.1 Market Estimates & Forecast, 2017-2027

    9. Global Robotics Prosthetics Market, by End User

    9.1 Introduction

    9.2 Hospitals

    9.2.1 Market Estimates & Forecast, 2017-2027

    9.3 Clinics

    9.3.1 Market Estimates & Forecast, 2017-2027

    9.4 Others

    9.4.1 Market Estimates & Forecast, 2017-2027

    10. Global Robotics Prosthetics Market, by Region

    10.1 Introduction

    10.2 Americas

    10.2.1 North America

    10.2.1.1 U.S.

    10.2.1.2 Canada

    10.2.2 South America

    10.3 Europe

    10.3.1 Western Europe

    10.3.1.1 Germany

    10.3.1.2 France

    10.3.1.3 U.K.

    10.3.1.4 Italy

    10.3.1.5 Spain

    10.3.1.6 Rest of Western Europe

    10.3.2 Eastern Europe

    10.4 Asia Pacific

    10.4.1 Japan

    10.4.2 China

    10.4.3 India

    10.4.4 Australia

    10.4.5 Republic of Korea

    10.4.6 Rest of Asia Pacific

    10.5 The Middle East & Africa

    10.5.1 United Arab Emirates

    10.5.2 Saudi Arabia

    10.5.3 Oman

    10.5.4 Kuwait

    10.5.5 Qatar

    10.5.6 Rest of the Middle East & Africa

    11 Company Landscape

    11.1 Introduction

    11.2 Market Share Analysis

    11.3 Key Development & Strategies

    11.3.1 Key Developments

    12 Company Profiles

    12.1 HDT Global, Inc.

    12.1.1 Company Overview

    12.1.2 Product Overview

    12.1.3 Financials

    12.1.4 SWOT Analysis

    12.2 Touch Bionics Inc.

    12.2.1 Company Overview

    12.2.2 Product Overview

    12.2.3 Financial Overview

    12.2.4 Key Developments

    12.2.5 SWOT Analysis

    12.3 Dr. Fresh LLC

    12.3.1 Company Overview

    12.3.2 Product Overview

    12.3.3 Financial Overview

    12.3.4 Key Development

    12.3.5 SWOT Analysis

    12.4 SynTouch, LLC

    12.4.1 Company Overview

    12.4.2 Product/Business Segment Overview

    12.4.3 Financial Overview

    12.4.4 Key Development

    12.4.5 SWOT Analysis

    12.5 Shadow Robot Company

    12.5.1 Company Overview

    12.5.2 Product Overview

    12.5.3 Financial overview

    12.5.4 Key Developments

    12.6 Stryker Corporation

    12.6.1 Company Overview

    12.6.2 Product Overview

    12.6.3 Financial Overview

    12.6.4 Key Developments

    12.7 Hansen Medical, Inc.

    12.7.1 Overview

    12.7.2 Product Overview

    12.7.3 Financials

    12.7.4 Key Developments

    12.7.5 SWOT Analysis

    12.8 ZOLL Medical Corporation

    12.8.1 Overview

    12.8.2 Product Overview

    12.8.3 Financials

    12.8.4 Key Developments

    12.8.5 SWOT Analysis

    12.9 Mazor Robotics Ltd

    12.9.1 Overview

    12.9.2 Product Overview

    12.9.3 Financials

    12.9.4 Key Developments

    12.9.5 SWOT Analysis

    12.10 Others

    13 MRFR Conclusion

    13.1 Key Findings

    13.1.1 From CEO’s View Point

    13.1.2 Unmet Needs of the Market

    13.2 Key Companies to Watch

    13.3 Prediction of Pharmaceutical Industry

    14 Appendix
    LIST OF TABLES

    Table 1 Robotics Prosthetics Industry Synopsis, 2017-2027

    Table 2 Global Robotics Prosthetics Market Estimates and Forecast, 2017-2027, (USD Million)

    Table 3 Global Robotics Prosthetics Market by Region, 2017-2027, (USD Million)

    Table 4 Global Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 5 Global Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 6 Global Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 7 Global Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 8 North America Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 9 North America Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 10 North America Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 11 North America Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 12 US Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 13 US Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 14 US Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 15 US Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 16 Canada Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 17 Canada Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 18 Canada Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 19 Canada Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 20 South America Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 21 South America Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 22 South America Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 23 South America Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 24 Europe Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 25 Europe Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 26 Europe Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 27 Europe Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 28 Western Europe Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 29 Western Europe Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 30 Western Europe Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 31 Western Europe Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 32 Eastern Europe Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 33 Eastern Europe Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 34 Eastern Europe Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 35 Eastern Europe Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 36 Asia Pacific Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 37 Asia Pacific Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 38 Asia Pacific Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 39 Asia Pacific Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)

    Table 40 Middle East & Africa Robotics Prosthetics Market by Products, 2017-2027, (USD Million)

    Table 41 Middle East & Africa Robotics Prosthetics Market by Technology, 2017-2027, (USD Million)

    Table 42 Middle East & Africa Robotics Prosthetics Market by Applications, 2017-2027, (USD Million)

    Table 43 Middle East & Africa Robotics Prosthetics Market by End Users, 2017-2027, (USD Million)


    LIST OF FIGURES

    Figure 1 Research Process

    Figure 2 Segmentation for Global Robotics Prosthetics Market

    Figure 3 Segmentation Market Dynamics for Robotics Prosthetics Market

    Figure 4 Global Robotics Prosthetics Market Share, by Products 2016

    Figure 5 Global Robotics Prosthetics Market Share, by Technology 2016

    Figure 6 Global Robotics Prosthetics Market Share, by Applications 2016

    Figure 7 Global Robotics Prosthetics Market Share, by End Users, 2016

    Figure 8 Global Robotics Prosthetics Market Share, by Region, 2016

    Figure 9 Americas Robotics Prosthetics Market Share, by Country, 2016

    Figure 10 Europe Robotics Prosthetics Market Share, by Country, 2016

    Figure 11 Asia Pacific Robotics Prosthetics Market Share, by Country, 2016

    Figure 12 Middle East & Africa Robotics Prosthetics Market Share, by Country, 2016

    Figure 13 Global Robotics Prosthetics Market: Company Share Analysis, 2016 (%)

    Figure 14 HDT Global Inc: Key Financials

    Figure 15 HDT Global Inc: Segmental Revenue

    Figure 16 HDT Global Inc: Geographical Revenue

    Figure 17 Touch Bionics Inc: Key Financials

    Figure 18 Touch Bionics Inc: Segmental Revenue

    Figure 19 Touch Bionics Inc: Geographical Revenue

    Figure 20 Dr. Fresh LLC: Key Financials

    Figure 21 Dr. Fresh LLC: Segmental Revenue

    Figure 22 Dr. Fresh LLC: Geographical Revenue

    Figure 23 SynTouch, LLC: Key Financials

    Figure 24 SynTouch, LLC: Segmental Revenue

    Figure 25 SynTouch, LLC: Geographical Revenue

    Figure 26 Shadow Robot Company: Key Financials

    Figure 27 Shadow Robot Company: Segmental Revenue

    Figure 28 Shadow Robot Company: Geographical Revenue

    Figure 29 Stryker Corporation: Key Financials

    Figure 30 Stryker Corporation: Segmental Revenue

    Figure 31 Stryker Corporation: Geographical Revenue

    Figure 32 Hansen Medical, Inc: Key Financials

    Figure 33 Hansen Medical, Inc: Segmental Revenue

    Figure 34 Hansen Medical, Inc: Geographical Revenue

    Figure 35 ZOLL Medical Corporation: Key Financials

    Figure 36 ZOLL Medical Corporation: Segmental Revenue

    Figure 37 ZOLL Medical Corporation: Geographical Revenue

    Figure 38 Mazor Robotics Ltd: Key Financials

    Figure 39 Mazor Robotics Ltd: Segmental Revenue

    Figure 40 Mazor Robotics Ltd: Geographical Revenue