The global robotics prosthetics market is rising pervasively, mainly due to technological advancements that are doing wonders in the field of medical science, bringing unique innovation. These innovations have enabled the robotics prosthetics to garner significant market prominence, improving their functionalities. As a result, the uptake of these prosthetics has been increasing on a global level.
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According to Market Research Future (MRFR), the global robotics prosthetics market is expected to witness significant growth by 2027. In its recently published analysis, MRFR also asserts that the market would register a CAGR of approximately 9.5% throughout the review period (2016 – 2027). Improving economic conditions, worldwide play a major role in impacting market growth, positively.
Robotics Prosthetics Market – Segments
The report is segmented into five dynamics to widen the scope of understanding,
By-Products: Prosthetic Arms, Prosthetic Legs/Knees, Prosthetic Feet/Ankles, and Prosthetic Hands, among others.
By Technologies: Bluetooth, Microprocessor Knees, and Myoelectric Technology, among others.
By Application : Lower Body and Upper Body Extremity, among others.
By End-users : Hospitals, and Clinics, among others.
By Regions: Europe, North America, APAC, and the Rest-of-the-World (RoW).
Robotics Prosthetics Market – Regional Analysis
North America dominates the global robotics prosthetics market. The largest share of the market attributes to the significant contributions from the US market, which is growing by leaps and bounds. Besides, the rising prevalence of disorders such as osteoporosis or low bone mass at the femur neck, which is rising at an alarming rate.
Europe stands second in the global robotics prosthetics market, in terms of size as well as market value. Factors such as the rising per-capita income, growing support for R&D activities from public & private entities, and the well-penetrated healthcare sector across the region boosts the regional market growth. The market is also driven by the increasing investments in healthcare and the rising number of patients seeking robotic prosthetics in the region.
The Asia Pacific robotics prosthetics market is rapidly emerging as a promising market globally. Markets in India & China, heading with the vast population, spreading awareness, and the availability of funds & advanced medical technologies are contributing to the regional market growth, significantly.
The increasing demand for quality prosthetics is projected to widen the size of the regional market, increasing the use of advanced equipment. Besides, the availability of low-cost treatments, especially in India that attracts a vast patient pool from other countries is expected to drive the market growth India and consecutively in the APAC region.
Robotics Prosthetics Market – Competitive Analysis
Highly competitive, the robotics prosthetics market appears to be fragmented due to the presence of many well-established players. To gain a substantial market share, mergers & acquisitions, brand reinforcement, and innovation remain the popular trends for these players.
Major Players:
Players leading the robotics prosthetics market, include Touch Bionics Inc. (US), SynTouch, LLC (US), HDT Global Inc (US), Stryker Corporation (US), Smith & Nephew (UK), Shadow Robot Company (UK), ReWalk Robotics (Israel), Medrobotics Corporation (US), Aethon (US), Intuitive Surgical, Inc. (US), Mazor Robotics Ltd. (Israel), KUKA Roboter GmbH (Germany), Transenterix, Inc. (US), ZOLL Medical Corporation (US), and Hansen Medical, Inc. (US), among others.
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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 2027Market Synopsis:According to the assessment published by Market Research Future (MRFR), the global robotics prosthetics market is expected to thrive saliently at a CAGR of 9.5% during the forecast period 20167 to 2027.
The growth in population has also led to an increase in the population of physically disabled people.
The rising healthcare expenditure coupled with technological advancements in the healthcare sector is projected to have a favorable impact on the expansion of the robotics prosthetics market over the next couple of years.The market has witnessed significant developments in the recent years, such as the integration of Artificial Intelligence.
This, in turn, has been presumed to drive the growth of the robotics prosthetics market in the foreseeable future.The rising cases of road accidents is another major factor poised to propel the expansion of the global robotics prosthetics market over the next couple of years.
Every year millions of people meet with road accidents, out of which many undergo amputations for survival.
However, the expensiveness of the treatment remains an impediment to the market growth over the assessment period.Request Free Sample Copy at: https://www.marketresearchfuture.com/sample_request/1316 Market Segmentation:On the basis of product, the global robotics prosthetics market has been segmented into prosthetic arms, prosthetic feet/ankles, prosthetic legs/knees, prosthetic hands, and others.
The global robotics prosthetics market is rising pervasively, mainly due to technological advancements that are doing wonders in the field of medical science, bringing unique innovation.
By Technologies: Bluetooth, Microprocessor Knees, and Myoelectric Technology, among others.
By Regions: Europe, North America, APAC, and the Rest-of-the-World (RoW).Robotics Prosthetics Market – Regional AnalysisNorth America dominates the global robotics prosthetics market.
Besides, the rising prevalence of disorders such as osteoporosis or low bone mass at the femur neck, which is rising at an alarming rate.
Factors such as the rising per-capita income, growing support for R activities from public & private entities, and the well-penetrated healthcare sector across the region boosts the regional market growth.
The market is also driven by the increasing investments in healthcare and the rising number of patients seeking robotic prosthetics in the region.The Asia Pacific robotics prosthetics market is rapidly emerging as a promising market globally.
