San Francisco, 3 December 2018: The global robotic prosthetics market is
expected to reach USD 1.76 billion by 2025, according to a new report by Grand
View Research, Inc. Increase in amputee population due to various factors, such
as accidents, frostbite, diabetes, and vascular disease, is one of the crucial
factors expected to drive the market in the coming years. According to the data
published by Amputee Coalition, there are approximately 2.1 million amputees
living in the U.S. According to the Statistics Brain Research Institute, 82% of
the amputations are performed due to vascular disease, 22% of cases are due to
trauma and 4% cases are due to congenital disabilities. Rise in prevalence of
diabetes and vascular diseases, is anticipated to increase the demand for
prosthetics over the forecast period.
Increasing number of technologically
advanced products, such as SYMBIONIC LEG 3, RHEO KNEE, PROPRIO FOOT, and POWER
KNEE, is anticipated to raise product awareness in developed regions, such as
North America and Europe, thus increasing the demand for such devices. In 2015,
Ossur developed a mind-controlled prosthetic leg; which is undergoing clinical
trials for its assessment. Growing R&D activities and increasing investment
by private and public players to technologically upgrade prosthetic products
are among the few factors expected to propel the market.
Various initiatives undertaken by the
government and nonprofit organizations, such as CDC, Douglas Bader Foundation,
Limbless Association, Amputee Coalition, to provide assistance to amputees are
increasing the interest of private players to invest in this market. April is
considered Limb Loss Awareness Month. It helps create awareness about the limb
loss community and helps people affected by limb loss achieve their full
potential.
Access Research Report of Robotic Prosthetics
Market @ www.grandviewresearch.com/industry-analysis/robotic-prosthetics-market
Further Key Findings From the Report Suggest:
· The robotic prosthetics market size was
estimated at USD 790.8 million in 2016 and is expected to grow at a CAGR of
9.2% from 2017 to 2025
· Microprocessor Controlled (MPC) prosthetics
segment held majority of the revenue share in 2016 and is estimated to generate
revenue over USD 983.0 million by 2025
· The lower body prosthetics is expected to
grow at a lucrative growth rate of 9.5% over the forecast period
· North America emerged as the largest
regional market with a share of 44.2% in 2016
· Some of the key players in this market are
Touch Bionics, Inc.; HDT Global; SynTouch, Inc.; Shadow Robot Company;
Ottobock; Össur Americas; and Endolite. Forming collaborations and partnerships
for developing novel technologies is one of the foremost strategies employed by
major players
Browse more reports of this category by Grand View
Research at: www.grandviewresearch.com/industry/medical-devices
Grand View Research has segmented robotic
prosthetics on the basis of technology, extremity, and region:
Technology Outlook (Revenue, USD Million,
2014 - 2025)
·
MPC prosthetics
·
Myoelectric prosthetics
Extremity Outlook (Revenue, USD Million,
2014 - 2025)
·
Lower body prosthetics
·
Upper body prosthetics
Regional Outlook (Revenue, USD Million,
2014 - 2025)
·
North America
o
U.S.
o
Canada
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
Japan
·
Latin America
o
Brazil
o
Mexico
·
Middle East & Africa
o
South Africa
Access Press Release of
Robotic Prosthetics Market@ www.grandviewresearch.com/press-release/global-robotic-prosthetics-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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