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 2027
Pune, India -- (SBWIRE) -- 03/29/2018 -- The Global Robotics Prosthetics Market is expected to grow at a CAGR of 9.5% during the forecast period 2016-2027.
In medicinal services, robots are currently most broadly utilized for different purposes, for example, surgery. The interest for automated prosthetic is observed to increment over the globe, particularly in the created nations of Americas and Europe. Expanding number of removal cases, because of serious wounds to different body parts drives the market. Moreover, the rising pervasiveness of stoutness, diabetes, vascular sickness, stroke, and joint inflammation likewise add to the expanding number of removal cases.
As indicated by the assessments distributed by the Amputee Coalition, roughly 185,000 removals are performed in the U.S every year. As per the EksoZeroG, in 2015, 625,000 word related wounds happened in the assembling and development ventures and the U.S. alone spends USD 21 billion every year on working environment related wounds that channels efficiency.
Also, the market is relied upon to indicate broad development in Asia Pacific areas, particularly in China. Global Diabetes Federation expressed that around 420 million grown-up populace worldwide was experiencing diabetes in 2016, which is expanding at the rate of 8.4% every year and is relied upon to achieve 625 million by 2040.
According to the Lancet study, China, and India have high diabetic populace when contrasted with other Asian nations. The quantity of diabetic populace in China has expanded from 20.4 million of every 1980 to 102.9 million of every 2014. In India, the diabetic populace energized from 11.9 million out of 1980 to 64.5 million out of 2014. Commonness of diabetes has dramatically increased for men in India and China and half among ladies in China and 80% among ladies in India.
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Key Players in the Robotics Prosthetics Market:
Touch Bionics Inc. and Touch Bionics Limited. (U.S.), HDT Global (U.S.), SynTouch Inc. (U.S.), Shadow Robot Company (U.K), SynTouch, LLC (U.S.), Shadow Robot Company (UK), Stryker Corporation (U.S.), Smith & Nephew (U.K), Aethon (U.S.), ReWalk Robotics (Israel), Medrobotics Corporation (US), KUKA Roboter GmbH (Germany), Intuitive Surgical, Inc. (U.S.), Mazor Robotics Ltd. (Israel), Hansen Medical, Inc. (U.S.), Transenterix, Inc. (U.S.), and ZOLL Medical Corporation (U.S.).
Strategic approaches adopted helped the major players in the market to sustain their growth and develop their business in various geographical areas across the globe. Agreements and collaborations, mergers and acquisitions, and new product launches are various strategies followed by the key players.
HDT Global, headquartered in the US, is a robotics prosthetics manufacturing company. It is the first company to develop an electrically powered prosthetic hand with five independently powered fingers and the company continues to be a pioneer in upper limb prosthetics.
SynTouch, LLC is a company that offer various product under robotic prosthetics, and sensor technology. The major products offered by the company are hand prosthetics for patients that have under gone amputation. BioTac and BioTac SP sensors are the most popular biomimetic tactile devices used across the world.
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Market Growth in America:
There is an increasing demand for robotic prosthetics owing to increasing number of injuries in the U.S. and Canada as well as rising demand for technological advanced devices and equipment's by healthcare institutes. According to the International Osteoporosis Foundation (2013), approximately 1.4 million Canadians and 44 million people in the US are suffering with either osteoporosis or low bone mass. Increasing awareness among the people towards the use of innovative technologies and high healthcare spending of the people has fuelled the market growth. The growth of medical device industry also accelerates the market, supported by innovative product development by key players in the market, and availability of medical technologies.
The global robotics prosthetics market is segmented on the basis of product, by technology, application, and end user.
On the basis of the product, it is segmented into prosthetic arms, prosthetic feet/ankles, prosthetic legs/knees, prosthetic hands, and others.
On the basis of the technology, it is segmented into prosthetic foot materials, Bluetooth, microprocessor knees, myoelectric technology, and others.
On the basis of the application, it is segmented into the lower body extremity and upper body extremity.
On the basis of the end user, it is segmented into hospitals, clinics, and others.
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