Robotic prosthetics facilities are intended to assist individuals with limited movement. These solutions are beneficial for several amputation conditions due to severe injuries, accidents, cancerous tumors in the muscles or limbs, diabetes, arthritis, and vascular diseases among the others.
These solutions can be based on the technologies including microprocessor controlled prosthetics (MPC) PC prosthetics and myoelectric prosthetics. Prosthetics solutions can be bifurcated into lower body extremity and upper body extremity.
These solutions can be based on the technologies including microprocessor controlled prosthetics (MPC) PC prosthetics and myoelectric prosthetics. Prosthetics solutions can be bifurcated into lower body extremity and upper body extremity.
Walk Naturally with Microprocessor Controlled Technology
MPC prosthetics estimated for the maximum revenue share as these products are easily available in the market with compared to myoelectric products. This technology is broadly used in clinical research and development of innovative devices. In addition, growing governments involvement is one of the key factors predicted to increase the demand for these devices. For instance, Össur Americas recently introduced a Bionic leg called SYMBIONIC LEG 3, include a powered Bionic ankle and Bionic microprocessor knee with proactive ankle flexion in a one integrated unit. The product can provide symmetry while walking.
But, myoelectric prosthetics segment is likely to exhibit lucrative growth at the rate of 10.3% during the forecast period (2014 to 2025). This growth can be attributed with some benefits associated with it including more flexibility and utilization of electro signals for limb movement.
Market Overview
According to Grand View Research, Inc., the worldwide robotic prosthetics market is likely to attain USD 1.76 billion by 2025. Factors such as growing cases of amputations, increasing efforts from governments, and technological progressions can drive the market over the forecast period. In addition, Growing research and development (R & D) activities and increasing expenditure from companies for upgrading prosthetic products can also create positive outlook for the market.
North America dominated the market in 2016 and accounted for 44.2% of the overall market share. Asia Pacific is expected to grow swiftly in the near future.
Key companies operating in the market are HDT Global; Touch Bionics, Inc.; SynTouch, Inc.; Össur Americas; and Shadow Robot Company.
In-Depth Research Report On Robotic Prosthetics Market:
https://www.grandviewresearch.com/industry-analysis/robotic-prosthetics-market
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