Bionic Prosthetics Market, By Type of Limb (Arms, Legs, Hands, Feet), By Technology (Myoelectric Technology, Microprocessor Technology, Targeted Muscle Reinnervation (TMR) Technology, Osseointegration Technology, Others), By End User (Hospitals and Clinics, Rehabilitation Centers, Individuals, Others), and By Geography (North America, Europe, Asia Pacific, Latin America, and Middle East & Africa)- Size, Share, Outlook, and Opportunity Analysis, 2023 - 2030
Bionic Prosthetics are advanced prosthetics that use microprocessor-controlled robotic-like artificial joints. Instead of a socket, they are anchored directly to the patient’s residual bone using titanium implants. By enabling the user to control a prosthetic finger with their own muscle, this provides a more natural feel and improved dexterity. The bionic limb is also directly connected to the user’s brain allowing them to receive precise sensations linked to their natural movements.
Market Dynamics:
The increasing incidences of limb loss and high demand for technologically advanced prosthetic products is anticipated to propel growth of the global bionic prosthetic market over the forecast period. Moreover, a surge in the number of patients suffering from blood vessel diseases, cancers, infections, excessive tissue damage, dysfunction and pain is also fueling the market growth.
However, lack of awareness regarding bionic prosthetics and their benefits is likely to hamper growth of the market in the near future.
Key features of the study:
This report provides in-depth analysis of the global bionic prosthetics market, and provides market size (US$ Billion) and compound annual growth rate (CAGR%) for the forecast period (2023–2030), considering 2022 as the base year
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global bionic prosthetics market based on the following parameters – company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Össur hf, Touch Bionics Inc., HDT Global, Advanced Arm Dynamics, Open Bionics, Fillauer LLC, Ottobock SE & Co. KGaA, Endolite India Ltd., Myomo Inc., BiOM, Inc., Freedom Innovations LLC, Blatchford Group, Steeper Group, RSLSteeper, and WillowWood Global LLC
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global bionic prosthetics market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global bionic prosthetics market
Detailed Segmentation:
Global Bionic Prosthetics Market, By Type of Limb:
Arms
Legs
Hands
Feet
Global Bionic Prosthetics Market, By Technology:
Myoelectric Technology
Microprocessor Technology
Targeted Muscle Reinnervation (TMR) Technology
Osseointegration Technology
Others
Global Bionic Prosthetics Market, By End-User:
Hospitals and Clinics
Rehabilitation Centers
Individuals
Others
Global Bionic Prosthetics Market, By Geography:
North America
Europe
Asia Pacific
Middle East and Africa
Latin America
Company Profile:
Össur hf
Touch Bionics Inc.
HDT Global
Advanced Arm Dynamics
Open Bionics
Fillauer LLC
Ottobock SE & Co. KGaA
Endolite India Ltd.
Myomo Inc.
BiOM, Inc.
Freedom Innovations LLC
Blatchford Group
Steeper Group
RSLSteeper
WillowWood Global LLC
- 1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
- 2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Market Snapshot, By Type of Limb
- Market Snapshot, By Technology
- Market Snapshot, By End User
- Coherent Opportunity Map (COM)
- 3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Drivers
- Increasing incidences of limb loss
- High demand for technologically advanced prosthetic products
- Restraints
- High cost implantation and maintenance
- Lack of awareness
- Opportunities
- Favorable reimbursement policies and increased R&D activities
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product launch/Approvals
- PEST Analysis
- PORTER’s Analysis
- Merger and Acquisition Scenario
- 4. Global Bionic Prosthetics Market – Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Economic Impact
- 5. Global Bionic Prosthetics Market , By Type of Limb, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2018 – 2030
- Segment Trends
- Arms
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Legs
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Hands
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- Feet
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Bn)
- 6. Global Bionic Prosthetics Market , By Technology, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023– 2030
- Segment Trends
- Myoelectric Technology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Microprocessor Technology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Targeted Muscle Reinnervation (TMR) Technology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Osseointegration Technology
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 7. Global Bionic Prosthetics Market , By End-User, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, 2023– 2030
- Segment Trends
- Hospitals and Clinics
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Rehabilitation Centers
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Individuals
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Billion)
- 8. Global Bionic Prosthetics Market , By Region, 2018-2030, (US$ Bn)
- Introduction
- Market Share Analysis, By Country, 2023 and 2030 (%)
- Y-o-Y Growth Analysis, For Country 2018–2030
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Limb, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Limb, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Limb, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Limb, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- Middle East & Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Type of Limb, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By Technology, 2018-2030,(US$ Bn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2018-2030,(US$ Bn)
- 9. Competitive Landscape
- Össur hf
- Company Highlights
- Product Portfolio
- Key Developments
- Financial Performance
- Strategies
- Touch Bionics Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- HDT Global
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Advanced Arm Dynamics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Open Bionics
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Fillauer LLC
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Ottobock SE & Co. KGaA
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Endolite India Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Myomo Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- BiOM, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
- 10. Section
- Research Methodology
- About us
- *Browse 24 market data tables and 28 figures on "Global Bionic Prosthetics Market " - Global forecast to 2030
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