Robotic prosthetics are bionic artificial limbs that work with enhanced functionalities through built-in sensors, control units and power sources. They provide amputees a near natural gait with improved mobility and stability. Advancements in materials, sensory feedback mechanisms and modular designs have made robotic prosthetics more durable, lightweight and comfortable compared to traditional prosthetics. Increasing incidence of limb loss due to diabetes, trauma, vascular diseases and congenital disorders is driving up demand for effective rehabilitation options. Moreover, rising military expenditure on healthcare for injured soldiers and veterans is a key factor fueling the robotic prosthetics market growth.

Global Robotic Prosthetics Market is estimated to be valued at USD 1.81 Bn in 2024 and is expected to reach USD 3.30 Bn by 2031, exhibiting a compound annual growth rate (CAGR) of 9% from 2024 to 2031.

Key Takeaways

Key players operating in the robotic prosthetics are Ottobock, SynTouch Inc., Touch Bionics, Endolite and Fillauer LLC. Ottobock dominates the market with wide range of knee, foot and upper-limb prosthetic solutions.

Growing population with limb disorders and rising number of amputations due to various medical conditions are major drivers of Robotic Prosthetics market Demand. According to WHO, road accidents claim lives of nearly 1.35 million people each year globally. Prosthetics help accident victims to regain limb functions and confidence.

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