Top Technology Trends Reshaping Robotics Prosthetic Market

Trends, opportunities and forecast in robotics prosthetic market to 2024 by technology (Microprocessor Controlled Prosthetics, Myoelectric Prosthetics, Body-Powered Prosthetics, and Hybrid Prosthetics), application (Prosthetic Arm, Prosthetic Leg/Knee, Prosthetic Feet/Ankle, and Prosthetic Hand) and by region (North America, Europe, Asia Pacific, and the Rest of the World)

Publisher: Lucintel Published: February 2020
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Top Technology Trends Reshaping Robotics Prosthetic Market

Report Feature

The robotic prosthetic market has undergone significant change in recent years, with robotic prosthetic devices evolving from traditional prosthetics to mind controlled prosthetic technologies. The growing trend of microprocessor controlled, myoelectric, body-powered, and hybrid prosthetic technologies are creating potential for new prosthetic applications and driving demand for robotic prosthetic devices. 
 
In robotic prosthetic market, various technologies such as microprocessor controlled, myoelectric, body-powered, and hybrid prosthetics are used to mimic the appearance and to replace the function of a missing limb. Increasing amputation across the globe due to increasing trauma, vascular diseases, diabetes, limb infection, and accidents and technological advancements such as mind-controlled prosthetics and 3D printed prosthetics are creating new opportunities for various robotic prosthetic technologies. 
 
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the robotic prosthetic market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure. 

 
robotic prosthetic


robotic prosthetic


robotic prosthetic
Lucintel study finds that the total market size of robotic prosthetic market is $908 million in 2018 and is forecast to grow at 8.2% over the next five years. Myoelectric prosthetic technology is the highest growing segment of the global robotic prosthetic market. In terms of cost, myoelectric prosthetic technology is having higher cost than other prosthetic technologies.
 
Emerging technology trends, which have a direct impact on the dynamics of the industry, include acceptance of mind-controlled prosthetic solutions and increasing usage of myoelectric robotic prosthetics. Ottobock, Össur, Blatchford Group, SynTouch, Inc., and Mobius Bionics are among the major technology providers in the robotic prosthetic market. 
 
The study includes trends and forecasts for the global robotics prosthetic by application, technology, and region as follows:
 
By Technology Type [$M shipment analysis from 2013 to 2024]:
  • Microprocessor Controlled Prosthetics
  • Myoelectric Prosthetics
  • Body-Powered Prosthetics
  • Hybrid Prosthetics
By Application [$M shipment analysis from 2013 to 2024]:
  • Prosthetic Arm
  • Microprocessor Controlled Prosthetics
  • Myoelectric Prosthetics
  • Body-Powered Prosthetics
  • Hybrid Prosthetics
  • Prosthetic Leg/Knee
  • Microprocessor Controlled Prosthetics
  • Myoelectric Prosthetics
  • Prosthetic Feet/Ankle
  • Microprocessor Controlled Prosthetics
  • Myoelectric Prosthetics
  • Prosthetic Hand
  • Microprocessor Controlled Prosthetics
  • Myoelectric Prosthetics
  • Body-Powered Prosthetics
  • Hybrid Prosthetics
By Region [$M shipment analysis for 2013 – 2024]:
  • North America
  • United States
  • Canada 
  • Mexico
  • Europe
  • Germany
  • United Kingdom
  • France
  • Italy
  • Spain
  • Asia Pacific
  • Japan
  • China
  • India
  • The Rest of the World
  • Brazil
Some of the robotics prosthetic companies profiled in this report include are Ottobock, Össur, Blatchford Group, SynTouch, Inc., Mobius Bionics and others.
 
Some of the features of “Robotics prosthetic Market Report: Trends, Forecast and Competitive Analysis” include:
  • Market size estimates:  Robotics prosthetic market size estimation in terms of value ($M) shipment.
  • Trend and forecast analysis: Market trend (2013-2018) and forecast (2019-2024) by application, technology.
  • Segmentation analysis:  Robotics prosthetic market size by technology and application in terms of value shipment.
  • Regional analysis: Robotics prosthetic market breakdown by key regions such as North America, Europe, and Asia & Rest of World.
  • Growth opportunities: Analysis on growth opportunities in different applications and regions of robotics prosthetics in the robotics prosthetic market.
  • Strategic analysis: This includes M&A, new product development, and competitive landscape of robotics prosthetic in the robotics prosthetic market.
  • Analysis of competitive intensity of the industry based on Porter’s Five Forces model.

Table of Contents

1. Executive Summary

List of Figures

Figure 4.1: Trends and Forecast for the Global Robotics Prosthetic Market (2013-2024) Figure 4.2: Trends of the Global Robotics Prosthetic Market ($M) by Technology (2013-2018) Figure 4.3: Forecast for the Global Robotics Prosthetic Market ($M) by Technology (2019-2024) Figure 4.4: Trends of Microprocessor-Controlled Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2013-2018) Figure 4.5: Forecast for Microprocessor-Controlled Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2019-2024) Figure 4.6: Trends of Myoelectric Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2013-2018) Figure 4.7: Forecast for Myoelectric Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2019-2024) Figure 4.8: Trends of Body-Powered Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2013-2018) Figure 4.9: Forecast for Body-Powered Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2019-2024) Figure 4.10: Trends of Hybrid Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2013-2018) Figure 4.11: Forecast for Hybrid Prosthetics Technology in the Global Robotics Prosthetic Market ($M) by Region (2019-2024) Figure 4.12: Robotics Prosthetic Technology Trends in Prosthetic Arm Application ($M) (2013-2018) Figure 4.13: Robotics Prosthetic Technology Forecast in Prosthetic Arm Application ($M) (2019-2024) Figure 4.14: Robotics Prosthetic Technology Trends in Prosthetic Leg/Knee Application ($M) (2013-2018) Figure 4.15: Robotics Prosthetic Technology Forecast in Prosthetic Leg/Knee Application ($M) (2019-2024) Figure 4.16: Robotics Prosthetic Technology Trends in Prosthetic Feet/Ankle Application ($M) (2013-2018) Figure 4.17: Robotics Prosthetic Technology Forecast in Prosthetic Feet/Ankle Application ($M) (2019-2024) Figure 4.18: Robotics Prosthetic Technology Trends in Prosthetic Hand Application ($M) (2013-2018) Figure 4.19: Robotics Prosthetic Technology Forecast in Prosthetic Hand Application ($M) (2019-2024)
Figure 5.1: Trends of the Global Robotics Prosthetic Market ($M) by Region (2013-2018) Figure 5.2: Forecast for the Global Robotics Prosthetic Market ($M) by Region (2019-2024) Figure 5.3: Trends and Forecast for the North American Robotics Prosthetic Market (2013-2024) Figure 5.4: Technology Trends of the North American Robotics Prosthetic Market ($M) (2013-2018) Figure 5.5: Technology Forecast for the North American Robotics Prosthetic Market ($M) (2019-2024) Figure 5.6: Trends and Forecast for the United States Robotics Prosthetic Market ($M) (2013-2024) Figure 5.7: Trends and Forecast for the Canadian Robotics Prosthetic Market ($M) (2013-2024) Figure 5.8: Trends and Forecast for the Mexican Robotics Prosthetic Market ($M) (2013-2024) Figure 5.9: Trends and Forecast for the European Robotics Prosthetic Market (2013-2024) Figure 5.10: Technology Trends of the European Robotics Prosthetic Market ($M) (2013-2018) Figure 5.11: Technology Forecast for the European Robotics Prosthetic Market ($M) (2019-2024) Figure 5.12: Trends and Forecast for the German Robotics Prosthetic Market ($M) (2013-2024) Figure 5.14: Trends and Forecast for the French Robotics Prosthetic Market ($M) (2013-2024) Figure 5.13: Trends and Forecast for the United Kingdom Robotics Prosthetic Market ($M) (2013-2024) Figure 5.15: Trends and Forecast for the Italian Robotics Prosthetic Market ($M) (2013-2024) Figure 5.16: Trends and Forecast for the Spanish Robotics Prosthetic Market ($M) (2013-2024) Figure 5.17: Trends and Forecast for the APAC Robotics Prosthetic Market (2013-2024) Figure 5.18: Technology Trends of the APAC Robotics Prosthetic Market ($M) (2013-2018) Figure 5.19: Technology Forecast for the APAC Robotics Prosthetic Market ($M) (2019-2024) Figure 5.20: Trends and Forecast for the Japanese Robotics Prosthetic Market ($M) (2013-2024) Figure 5.21: Trends and Forecast for the Chinese Robotics Prosthetic Market ($M) (2013-2024) Figure 5.22: Trends and Forecast for the Indian Robotics Prosthetic Market ($M) (2013-2024) Figure 5.23: Trends and Forecast for the ROW Robotics Prosthetic Market (2013-2024) Figure 5.24: Technology Trends of the ROW Robotics Prosthetic Market ($M) (2013-2018) Figure 5.25: Technology Forecast for the ROW Robotics Prosthetic Market ($M) (2019-2024) Figure 5.26: Trends and Forecast for the Brazilian Robotics Prosthetic Market ($M) (2013-2024)

List of Tables

Table 4.1: Market Trends of the Global Robotics Prosthetic Market (2013-2018) Table 4.2: Market Forecast for the Global Robotics Prosthetic Market (2019-2024) Table 4.3: Market Size and CAGR of Various Technologies in the Global Robotics Prosthetic Market (2013-2018) Table 4.4: Market Size and CAGR of Various Technologies in the Global Robotics prosthetic Market (2019-2024) Table 4.5: Market Size and CAGR of Various Regions of Microprocessor-Controlled Prosthetics in the Global Robotics Prosthetic Market (2013-2018) Table 4.6: Market Size and CAGR of Various Regions of Microprocessor-Controlled Prosthetics in the Global Robotics Prosthetic Market (2019-2024) Table 4.7: Market Size and CAGR of Various Regions of Myoelectric Prosthetics in the Global Robotics Prosthetic Market (2013-2018) Table 4.8: Market Size and CAGR of Various Regions of Myoelectric Prosthetics in the Global Robotics Prosthetic Market (2019-2024) Table 4.9: Market Size and CAGR of Various Regions of Body-Powered Prosthetics in the Global Robotics Prosthetic Market (2013-2018) Table 4.10: Market Size and CAGR of Various Regions of Body-Powered Prosthetics in the Global Robotics Prosthetic Market (2019-2024) Table 4.11: Market Size and CAGR of Various Regions of Hybrid Prosthetics in the Global Robotics Prosthetic Market (2013-2018) Table 4.12: Market Size and CAGR of Various Regions of Hybrid Prosthetics in the Global Robotics Prosthetic Market (2019-2024) Table 4.13: Market Size and CAGR of Various Technologies in Cardiology Application in the Global Robotics prosthetic Market (2013-2018) Table 4.14: Market Size and CAGR of Various Technologies in Cardiology Application in the Global Robotics prosthetic Market (2019-2024) Table 4.15: Market Size and CAGR of Various Technologies in Prosthetic Leg/Knee Application in the Global Robotics Prosthetic Market (2013-2018) Table 4.16: Market Size and CAGR of Various Technologies in Prosthetic Leg/Knee Application in the Global Robotics Prosthetic Market (2019-2024) Table 4.17: Market Size and CAGR of Various Technologies in Prosthetic Feet/Ankle Application in the Global Robotics Prosthetic Market (2013-2018) Table 4.18: Market Size and CAGR of Various Technologies in Prosthetic Feet/Ankle Application in the Global Robotics Prosthetic Market (2019-2024) Table 4.19: Market Size and CAGR of Various Technologies in Prosthetic Hand Application in the Global Robotics Prosthetic Market (2013-2018) Table 4.20: Market Size and CAGR of Various Technologies in Prosthetic Hand Application in the Global Robotics Prosthetic Market (2019-2024)
Table 5.1: Market Size and CAGR of Various Regions in the Global Robotics Prosthetic Market (2013-2018) Table 5.2: Market Size and CAGR of Various Regions in the Global Robotics Prosthetic Market (2019-2024) Table 5.3: Market Trends of the North American Robotics Prosthetic Market (2013-2018) Table 5.4: Market Forecast for the North American Robotics Prosthetic Market (2019-2024) Table 5.5: Market Size and CAGR of Various Technologies in the North American Robotics Prosthetic Market (2013-2018) Table 5.6: Market Size and CAGR of Various Technologies in the North American Robotics Prosthetic Market (2019-2024) Table 5.7: Trends and Forecast for the United States robotics prosthetic market (2013-2024) Table 5.8: Trends and Forecast for the Canadian Robotics Prosthetic Market (2013-2024) Table 5.9: Trends and Forecast for the Mexican Robotics Prosthetic Market (2013-2024) Table 5.10: Market Trends of the European Robotics Prosthetic Market (2013-2018) Table 5.11: Market Forecast for the European Robotics Prosthetic Market (2019-2024) Table 5.12: Market Size and CAGR of Various Technologies in the European Robotics Prosthetic Market (2013-2018) Table 5.13: Market Size and CAGR of Various Technologies in the European Robotics Prosthetic Market (2019-2024) Table 5.14: Trends and Forecast for the German Robotics prosthetic market (2013-2024) Table 5.16: Trends and Forecast for the French Robotics Prosthetic Market (2013-2024) Table 5.15: Trends and Forecast for the United Kingdom robotics prosthetic market (2013-2024) Table 5.17: Trends and Forecast for the Italian Robotics Prosthetic Market (2013-2024) Table 5.18: Trends and Forecast for the Spanish Robotics Prosthetic Market (2013-2024) Table 5.19: Market Trends of the APAC Robotics Prosthetic Market (2013-2018) Table 5.20: Market Forecast for the APAC Robotics Prosthetic Market (2019-2024) Table 5.21: Market Size and CAGR of Various Technologies in the APAC Robotics Prosthetic Market (2013-2018) Table 5.22: Market Size and CAGR of Various Technologies in the APAC Robotics Prosthetic Market (2019-2024) Table 5.23: Trends and Forecast for the Japanese Robotics Prosthetic Market (2013-2024) Table 5.24: Trends and Forecast for the Chinese Robotics Prosthetic Market (2013-2024) Table 5.25: Trends and Forecast for the Indian Robotics Prosthetic Market (2013-2024) Table 5.26: Market Trends of the ROW Robotics Prosthetic Market (2013-2018) Table 5.27: Market Forecast for the ROW Robotics Prosthetic Market (2019-2024) Table 5.28: Market Size and CAGR of Various Technologies in the ROW Robotics Prosthetic Market (2013-2018) Table 5.29: Market Size and CAGR of Various Technologies in the ROW Robotics Prosthetic Market (2019-2024) Table 5.30: Trends and Forecast for the Brazilian Robotics Prosthetic Market (2013-2024)

Methodology

Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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