Robotic Prosthetics Market Outlook 2024: Exclusive Report By The Business Research Company | Ottobock SE and Co. KGaA, Össur hf., Blatchford Limited, HDT Global Inc., DEKA Research & Development Corp., Cyberdyne Inc

The Business Research Company has updated its global market reports, featuring the latest data for 2024 and projections up to 2033

The Business Research Company offers in-depth market insights through Robotic Prosthetics Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The robotic prosthetics market size has grown strongly in recent years. It will grow from $1.57 billion in 2023 to $1.73 billion in 2024 at a compound annual growth rate (CAGR) of 9.9%. The growth in the historic period can be attributed to prevalence of chronic diseases, growing geriatric population, growing amputee population, government initiatives.

The robotic prosthetics market size is expected to see rapid growth in the next few years. It will grow to $2.54 billion in 2028 at a compound annual growth rate (CAGR) of 10.1%. The growth in the forecast period can be attributed to increase in funding for medical robot research, rise in traumatic injuries, growing demand for sustainable and eco-friendly prosthetics, awareness about prosthetic solutions . Major trends in the forecast period include advances in material science and technology, wearable technology integration, advancements in prosthetic technology, sensory feedback systems, advancements in neuroprosthetics.

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Market Segmentation:
The main product types of robotic prosthetics are prosthetic arms, prosthetic knees, prosthetic feet or ankles, prosthetic hands and others. A prosthetic arm refers to an artificial device that replaces a missing arm, which may be lost through trauma, disease, or a condition present at birth. The various technology includes microprocessor-controlled prosthetics and myoelectric prosthetics with various extremities such as lower-body prosthetics and upper-body prosthetics. These are used by various end-users such as hospitals, specialty clinics and others.
Robotic Prosthetics Global Market Report 2023 provides data on the global robotic prosthetics market such as market size, growth forecasts, segments and geographies, competitive landscape including leading competitors' revenues, profiles and market shares. The robotic prosthetics market report identifies opportunities and strategies based on market trends and leading competitors' approaches.

Major Driver - Rising Prevalence Of Orthopedic Diseases Fuels Growth In Robotic Prosthetics Market
The growing prevalence of orthopedic diseases is expected to propel the growth of the robotic prosthetics market going forward. Orthopedic diseases refer to conditions and disorders that affect the musculoskeletal system, which includes the muscles, bones, nerves and joints. Robotic prosthetics have a range of essential applications in orthopedics, focusing on treating and correcting musculoskeletal disorders and injuries by limb replacement, gait rehabilitation and enhanced precision in orthopedic surgical processes. For instance, in July 2022, according to the World Health Organization, a Switzerland -based agency of the United Nations responsible for international public health, approximately 1.71 billion people worldwide have musculoskeletal conditions, including low back pain, neck pain, fractures, other injuries, osteoarthritis, amputation and rheumatoid arthritis. Therefore, the growing prevalence of orthopedic diseases is driving the growth of the robotic prosthetics market.

Competitive Landscape:
Major players in the robotic prosthetics market are Ottobock SE and Co. KGaA, Össur hf., Blatchford Limited, HDT Global Inc., DEKA Research & Development Corp., Cyberdyne Inc., College Park Industries Inc., Neuralink Corp., Touch Bionics Ltd., Myomo Inc., Kinova Inc., Open Bionics Ltd., Sarcos Technology and Robotics Corporation, SynTouch LLC, Ekso Bionics Holdings Inc., Fillauer LLC, WillowWood Global LLC, Shadow Robot Company Limited, Infinite Biomedical Technologies LLC, Marsi Bionics S.L., Aether Biomedical Pvt Ltd., Coapt LLC, Esper Bionics Inc., Psyonic Inc., Vincent Systems GmbH.

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Top Trend - Market Leaders Innovate With Advanced Implant Systems In Robotic Prosthetics Market
Major companies operating in the robotic prosthetics market are introducing innovative implant systems to strengthen their position in the market. An implant system is a medical device used to replace a missing joint or bone or to support a damaged bone. For instance, in April 2023, Integrum, a Sweden-based company that manufactures medical equipment, received approval for its OPRA Implant System in Australia. OPRA Implant System is a unique bone-anchored prosthesis that uses osseointegration to attach the prosthesis to the human body and is an innovative method that allows the direct connection of an artificial limb to the skeleton. Additionally, the patent claims of the product extend beyond transfemoral applications to include treatment in other types of long bone prosthetic applications, such as the upper arm or lower leg.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Robotic Prosthetics Market Characteristics
3. Robotic Prosthetics Market Trends And Strategies
4. Robotic Prosthetics Market - Macro Economic Scenario
5. Robotic Prosthetics Market Size And Growth
…..
27. Robotic Prosthetics Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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