Motorized Prosthesis Market Future Aspect Analysis and Current Trends by 2022 to 2032
Motorized prosthesis is an artificial medical device
used to perform the functions of missing body parts due to factors such as
trauma, congenital factors, or various other diseases. The concept of motorized
prosthesis arises from the combination of biomedical engineering and
neuroscience.
The motorized prosthesis is based on brain
computed interface, to avail the biological functioning of missing body parts.
Motorized prosthesis is a complex network of motors and cognitive modalities.
These devices are made for supporting of autonomous nervous system functioning
such as devices for bladder control.
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The motorized prosthesis are in research and
development phase, and various technological advancements has been witnessed in
developing a novelty product to support the normal functioning of the body. The
motorized prosthesis are based on target muscle innervation (TMR) technology.
Motorized Prosthesis Market: Drivers and
Restraints
The motorized prosthesis market is expected to show
tremendous growth during the forecast period. The factors such as technological
advancement in motorized prosthesis, increasing research and development
expenditure to support the life of affected patients are driving the growth of
the motorized prosthesis market.
Increasing healthcare infrastructure along with the
growth in IT infrastructure are also driving the growth of motorized prosthesis
market. In addition, according to research studies conducted, approximately 2
million individuals are living without a limb in the U.S. alone, and nearly
185,000 amputations occur in the U.S. every year.
However, the motor prosthesis is in its initial phase
of development, and factors such as high developmental cost, and pricing are
the major constraints of the motorized prosthesis market growth. The
factors such as modelling of the device, power consumption, size, and
biocompatibility are major issues which can hamper the growth of motorized prosthesis
market.
Moreover, due to the presence of batteries and motor,
they are likely to be heavy as compared with body-powered prosthesis, and thus
impede the motorized prosthesis market growth.
Motorized Prosthesis Market: Key Players
Some of the market participants in the global
motorized prosthesis market are Advanced Arm Dynamics, Bionic Prosthetics and
Orthotics, BionX Medical Technologies, Inc., Faulhaber Group, Freedom
Innovations, LLC, Mobius Bionics LLC, Össur hf., Otto Bock HealthCare GmbH,
Sensars Neuroprosthteics, and Touch Bionics Inc.
Key
Segments :
By Target Population:
- Pediatric
- Adult
By End-User:
- Optics
and Hospitals
- Orthopedic
Clinics
- Trauma
Centers
By Region:
- North
America
- Latin
America
- Western
Europe
- Eastern
Europe
- Asia-Pacific
- Japan
- Middle
East and Africa
Motorized Prosthesis Market: Overview
The motorized prosthesis market is an emerging
technology, and is adopted by a large number of affected patient population
base. The motorized prosthesis are based on the integration with the nervous system
to conduct the functioning of the replaced body part by a device known as a
controller that maintains the compatibility between patient’s nervous system
and muscular systems.
Motorized prosthesis work by sending users’ commands
to the device’ actuators, and deduces the feedback from the biosensors.
Motorized hand prosthesis are widely used as compared with the motorized leg
prosthesis. The information technology also plays a crucial role in the
development of the motorized prosthesis.
The various programs have been conducted such
open-source robotic prosthesis through which various collaboration are made by
players for bringing advancement in the technology coupled with lowering the
cost of the devices by using 3D printing technology for custom made
fabrication.
Motorized Prosthesis Market: Region Wise
Outlook
Geographically, motorized prosthesis market is
classified into regions viz. North America, Latin America, Western Europe,
Eastern Europe, Asia-Pacific, Japan, Middle East and Africa. North
America is projected to hold the largest share of motorized prosthesis in the
global market, followed by Western Europe, owing to more developed healthcare
infrastructure and ease of access to advanced technology.
In addition, high disposable income, support from the
governmental bodies, and favorable reimbursement scenario are driving the
growth of the motorized prosthesis market. The market in Asia-Pacific is
expected to show the fastest growth over the forecast period owing to the
consistent technological advancement, increasing R&D investment by the
public and private bodies.
The market in regions such as Latin America, Middle
East, and Africa are anticipated to show sluggish growth owing to low per
capita income, lack of skilled personnel, and limited medical facilities.
The research report presents a comprehensive
assessment of the market and contains thoughtful insights, facts, historical
data, and statistically supported and industry-validated market data. It also
contains projections using a suitable set of assumptions and methodologies. The
research report provides analysis and information according to market segments
such as geographies, application, and industry.
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