San
Francisco, 05 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 Full Research Report On Robotic Prosthetics Market Analysis:
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 Full Press Release of this Report:
www.grandviewresearch.com/press-release/global-smart-airports-market
www.grandviewresearch.com/press-release/global-smart-airports-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.
For more information: www.grandviewresearch.com/
