Robotic Prosthetics Market Report

Robotic Prosthetics Market Analysis By Technology (Microprocessor Controlled, Myoelectric Prosthetics), By Extremity (Lower Body, Upper Body Extremity), By Region, And Segment Forecasts, 2014 - 2025

Published: August 2017  |  80 Pages  |  Format: PDF  |  Report ID: GVR-1-68038-583-0

Industry Insights

The global robotic prosthetics market size was estimated at USD 790.8 million in 2016. The key factors driving this market are global increase in the number of amputation cases, technological advancements, and initiatives taken by government organizations, such as Centers for Disease Control and nonprofit organizations like Amputee Coalition, to facilitate funding and purchases of prosthetic devices. Moreover, the U.S. government is also investing in technologically advanced prosthetic limbs for soldiers and veterans, which is further anticipated to propel this market over the forecast period.

Global rise in number of amputation cases owing to various risk factors such as accidents, severe injuries, cancerous tumors in the bone or muscles of limbs, limb infection, and frostbite. Some other causes such as obesity, diabetes, vascular disease, stroke, and arthritis also contribute to the increasing number of amputation cases. According to the estimates published by the Amputee Coalition, approximately 185,000 amputations are performed in the U.S each year. These estimates represent a surge in demand for these devices, which is expected to have a positive impact on the market.

U.S. robotic prosthetics market revenue by technology, 2014 - 2025 (USD Million)

U.S. robotic prosthetics market

Growing usage of connectivity technologies such as Bluetooth, microprocessor controller, and myoelectric technology has resulted in boosting the demand for such devices. For instance, RHEO KNEE and SYMBIONIC LEG 3. Furthermore, advancements in materials science have increased the use of thermoplastics and carbon fiber materials in manufacturing robotic amputation devices, which is improving the overall efficiency of devices. Increased adoption of these technologically advanced products in developed regions and rising awareness about these advancements are amongst the few factors expected to boost the market over the forecast period.

Technology Insights

On the basis of technology, the market is segmented into Microprocessor Controlled (MPC) prosthetics and myoelectric prosthetics. In 2016, MPC prosthetics accounted for the maximum revenue share of the market owing to the easy availability of products that use this technology as opposed to myoelectric products. Increasing clinical research for developing novel devices that use MPC technology is also one of the key factors responsible for the largest revenue share held by this segment. RHEO KNEE, Plie, PROPRIO, Elan, and Knee Joint C-Leg are some MPC devices that are commercially available.

Moreover, increasing government involvement is one of the crucial factors anticipated to increase the demand for these devices. Government agencies such as CDC and Defense Advanced Research Projects Agency (DARPA) are undertaking and supporting research in this field. CDC is funding Amputee Coalition National Limb Loss Resource Center that offers resources to people with limb loss. DARPA has funded several researches for development of limb prosthetics. In addition, Revolutionizing Prosthetics Program is one of the programs initiated and supported by DARPA.

However, myoelectric prosthetics segment is expected to grow at a lucrative rate of approximately 10.3% over the forecast period. Some of the key factors that can be attributed for its growth include the advantages associated with myoelectric prosthetics such as freedom of mobility and use of electro signals for limb movement. Furthermore, increasing number of R&D initiatives undertaken by key players and growing number of new product launches are factors expected to boost the market over the forecast period.

Extremity Insights

Lower body extremity and upper body extremity are two segments analyzed in our research scope. In 2016, lower body extremity segment held majority of the revenue share of robotic prosthetics market owing to the huge commercial presence of these devices and high number of lower body amputation cases across the globe. Moreover, the lower body extremity segment is anticipated to grow at the fastest rate over the forecast period owing to rising prevalence of diabetes and vascular disease, which further leads to an increase in the number of lower limb amputation cases globally.

The demand for lower body prosthetics by geriatric population is growing at a rapid pace, which is one of the crucial factors anticipated to increase the use of the devices. Technological advancements in upper and lower limb prosthetics and growing adoption of advanced polymers in novel prosthetics are among the few factors that are anticipated to propel the demand for these devices. According to various reports published, approximately 80% of all lower extremity amputations are dysvascular amputations.

Nonprofit organizations, such as Amputee Coalition, are helping amputees gain necessary resources. It has developed a fact sheet to help amputees obtain financial assistance for prosthetic services, durable medical equipment, and assistive devices. Some government assisted programs are Arms Within Reach Foundation, Amputee Blade Runners, Challenged Athletes Foundation, Chive Charities, Fighting Back Scholarship Program, Heather Abbott Foundation, Limbs with Love, Limbs Preservation Foundation, National Amputation Foundation. Presence of these programs is one of the key factors anticipated to improve the participation of major market players in this industry.

Robotic prosthetics market shares by extremities, 2016 (%)

Robotic prosthetics market

Regional Insights

North America held the major revenue share followed by Europe in 2016. Increasing healthcare expenditure, growing adoption of technologically advanced products, surging amputee population, and favorable government initiatives with regard to robotic technology are some of the key drivers responsible for the largest revenue share held by North America. According to Centers for Disease Control and Prevention, each day more than 500 Americans lose a limb. Preservation-Amputation Care and Treatment (PACT) program supported by the American College of Cardiology, American Heart Association, and the American Diabetes Association is one of the initiatives undertaken by the government to prevent amputation in the region.

The U.S government is increasingly investing in research related to robotic technology, which is used in amputation and artificial limb. In the area of upper limb prosthetics, DEKA arm was developed by DEKA Research and Development Corp. with funding support of USD 40 million from DARPA under its Revolutionizing Prosthetic Program. DEKA arm is an advanced prosthetic arm capable of performing multiple power-driven movements. Its approval by FDA in 2014 paved the way for its manufacturing and marketing in the Veterans Affairs (VA) health system.

However, Asia Pacific is expected to grow at the fastest rate in the coming years due to rapid economic development, rising geriatric population, high diabetic population, and improving healthcare infrastructure in emerging economies such as India, Philippines, Indonesia, and China. Rising number of amputees and increasing incidence of foot ulcers associated with diabetes drive the demand for robotic prosthetics in the market. According to National Healthcare Group, Singapore has one of the world’s highest rates of diabetes related lower extremity amputation. The abovementioned factors are responsible for driving the demand for technologically advanced prosthetics

Competitive Insights

Some of the key players in this market are Touch Bionics, Inc.; HDT Global; SynTouch, Inc.; Shadow Robot Company; Ottobock; Össur Americas; and Endolite. Owing to the highly fragmented nature of the market, key players are constantly striving to maximize their market share through various strategies, such as mergers and acquisitions, product innovations, and product modifications.

Report Scope

Attribute

Details

Base year for estimation

2016

Actual estimates/Historical data

2014 - 2016

Forecast period

2017 - 2025

Market representation

Revenue in USD Million and CAGR from 2017 to 2025

Regional scope

North America, Europe, Asia Pacific, Latin America, Middle East & Africa

Country scope

U.S., Canada, Germany, UK, China, India, Brazil, Mexico, South Africa

Report coverage

Revenue forecast, company share, competitive landscape, growth factors and trends

15% free customization scope (equivalent to 5 analyst working days)

If you need specific market information, which is not currently within the scope of the report, we will provide it to you as a part of customization


Segments covered in the report

This report forecasts revenue growth at global, regional, & country levels and provides an analysis on the industry trends in each of the sub segments from 2014 to 2025. For the purpose of this study, Grand View Research has segmented the robotic prosthetics market 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

      • U.S.

      • Canada

    • Europe

      • Germany

      • UK

    • Asia Pacific

      • China

      • Japan

    • Latin America

      • Brazil

      • Mexico

    • Middle East & Africa

      • South Africa

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