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Prosthetic Robot Arm Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, France, Japan, China - Size and Forecast 2024-2028

Prosthetic Robot Arm Market Analysis North America, Europe, APAC, South America, Middle East and Africa - US, Germany, France, Japan, China - Size and Forecast 2024-2028

Published: May 2024 163 Pages SKU: IRTNTR41664

Market Overview at a Glance

$640 Mn
Market Opportunity
14.84%
CAGR
12.61
YoY growth 2023-2024(%)

Prosthetic Robot Arm Market Size 2024-2028

The prosthetic robot arm market size is valued to increase by USD 640 million, at a CAGR of 14.84% from 2023 to 2028. Increase in amputation cases will drive the prosthetic robot arm market.

Market Insights

  • Europe dominated the market and accounted for a 39% growth during the 2024-2028.
  • By Application - Hospitals segment was valued at USD 256.00 million in 2022
  • By Technology - Microprocessor-based segment accounted for the largest market revenue share in 2022

Market Size & Forecast

  • Market Opportunities: USD 223.07 million 
  • Market Future Opportunities 2023: USD 640.00 million
  • CAGR from 2023 to 2028 : 14.84%

Market Summary

  • The market encompasses advanced robotic solutions designed to replicate human arm functions for amputees and individuals with mobility challenges. Driven by the increasing number of road accidents, work-related injuries, and military conflicts leading to limb loss, the market experiences continuous growth. Technological advancements, such as the integration of 3D-printing in prosthetic production, offer customized and cost-effective solutions, thereby expanding the market reach. Despite these opportunities, the high costs associated with prosthetic robot arms remain a significant challenge. Traditional manufacturing methods and the use of expensive materials contribute to the high price points. However, innovations like modular designs and collaborations between manufacturers and healthcare providers aim to optimize supply chains and enhance operational efficiency.
  • For instance, a leading healthcare organization can streamline its prosthetic production process by partnering with a robotics manufacturer. This collaboration enables the healthcare organization to offer customized, high-quality prosthetic arms to patients at competitive prices, while the manufacturer benefits from a steady demand for its technology. By addressing the affordability issue, such collaborations contribute to the expansion and accessibility of the market.

What will be the size of the Prosthetic Robot Arm Market during the forecast period?

Prosthetic Robot Arm Market Size

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  • The market represents a dynamic and evolving industry, driven by advancements in motor control strategies, energy efficiency analysis, and functional electrical stimulation. One notable trend is the increasing adoption of bio-integrated prosthetics, which offer improved patient comfort and enhanced limb movement reconstruction. According to recent studies, the market for prosthetic robot arms is projected to grow by over 15% in the next five years, representing a significant opportunity for businesses in this sector. This growth can be attributed to the continuous development of advanced prosthetic components, such as actuator selection criteria, prosthetic power sources, and cost-effectiveness considerations.
  • Material biocompatibility and machine learning applications are also key areas of focus, with researchers exploring new ways to optimize prosthetic weight and improve sensory feedback technology. As companies invest in prosthetic customization options, sensor data fusion, and surgical implantation techniques, the market is poised for continued innovation and growth.

Unpacking the Prosthetic Robot Arm Market Landscape

In the realm of bionic arm development, osseointegration technology and biomechanical engineering principles have revolutionized the prosthetic industry. The adoption rate of osseointegrated prosthetics has surpassed traditional socket designs by 30%, resulting in improved patient comfort and functionality. Furthermore, the integration of advanced prosthetic materials and motorized joints has led to a 25% increase in prosthetic durability, reducing replacement costs for businesses and individuals. Artificial intelligence control and precision motion algorithms have enhanced prosthetic limb dexterity, aligning with compliance requirements in various industries, such as manufacturing and healthcare. Robotic arm kinematics and impedance control techniques enable seamless human-robot interaction, while wearable sensors technology and biometric sensors integration facilitate real-time data collection for prosthetic rehabilitation and performance analysis. Assistive robotic devices, including surgical robotic arms and myoelectric control systems, have streamlined the prosthetic fitting process, ensuring optimal patient outcomes.

Key Market Drivers Fueling Growth

The rising number of amputation cases serves as the primary growth factor for the market.

  • The market is experiencing significant evolution, driven by advancements in technology and increasing demand. The market is expected to grow substantially due to the rising number of amputations, estimated to reach 3 million globally by 2050, according to various sources. These arms offer enhanced autonomy and improved capability in performing Activities of Daily Living (ADL) for individuals who have lost an arm. Companies are focusing on delivering better control systems, force or tactile feedback, and advanced grasping capabilities to meet the evolving needs of consumers.
  • These improvements can lead to increased productivity and efficiency, with some studies suggesting potential energy savings of up to 12%. The market is poised for substantial growth, addressing the needs of a growing population of amputees.

Prevailing Industry Trends & Opportunities

The 3D-printed prosthetic robot arm is emerging as the latest trend in the market. This advanced technology offers numerous benefits, including improved functionality and affordability. 

  • The market is experiencing significant evolution, driven by advancements in technology and increasing applications across various sectors. The high cost of traditional prosthetic arms has long been a challenge, but the forecast period will see substantial adoption of 3D-printed prosthetic robot arms. This technology offers advantages such as high-speed manufacturing and lower costs. For instance, Open Bionics has launched a project to 3D-scan amputees and create custom-fitted sockets and hands in less than two days. This not only reduces manufacturing costs but also cuts down on repair and upgrade expenses.
  • Another pioneering company, exiii Inc., has also capitalized on 3D printing to offer more affordable and efficient solutions. These innovations are poised to expand accessibility and improve the quality of life for amputees.

Significant Market Challenges

The high cost of equipment poses a significant challenge to the industry's growth trajectory. 

  • The market is witnessing significant evolution, driven by advancements in robotic medical systems and their increasing applications across various sectors, particularly healthcare. In developed regions of the Americas and Europe, there is a growing trend towards the adoption of these advanced robotic devices. However, the high cost of prosthetic robot arms, ranging from USD 15,000 to USD 100,000 for advanced models, poses a challenge for end-users in emerging markets. This financial barrier restricts patient access to well-established hospitals and limits the market's growth potential in these regions.
  • Despite these challenges, the global adoption of prosthetic robot arms is forecasted to continue, with potential benefits including improved precision and functionality compared to traditional prosthetics. These advantages have led to reduced downtime and enhanced patient satisfaction, making the investment in these advanced systems a worthwhile consideration for healthcare providers.

Prosthetic Robot Arm Market Size

In-Depth Market Segmentation: Prosthetic Robot Arm Market

The prosthetic robot arm industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.

  • Application
    • Hospitals
    • Household
    • Clinics and ambulatory surgical centers
  • Technology
    • Microprocessor-based
    • Myoelectric
  • Geography
    • North America
      • US
    • Europe
      • France
      • Germany
    • APAC
      • China
      • Japan
    • Rest of World (ROW)

By Application Insights

The hospitals segment is estimated to witness significant growth during the forecast period.

The market is experiencing significant growth within the hospital application segment, driven by advancements in bionic arm technology and the increasing demand for more mobile and functional prosthetic limbs among amputees. Hospitals are a critical market segment due to their role in prosthetic fitting and rehabilitation services for amputees. The number of limb amputations caused by trauma, diabetes, and other medical conditions continues to rise, necessitating the use of prosthetic robot arms in hospitals worldwide. Market participants are focusing on expanding their presence in this sector to meet the growing demand. Prosthetic robot arms are engineered with osseointegration technology, biomechanical principles, and advanced materials for improved durability and precision motion control.

Prosthetic Robot Arm Market Size

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The Hospitals segment was valued at USD 256.00 million in 2018 and showed a gradual increase during the forecast period.

Advanced prosthetic limbs incorporate artificial intelligence control, pattern recognition algorithms, and human-robot interaction for enhanced dexterity and grasping force control. Additionally, wearable sensors technology, impedance control techniques, and biometric sensors integration provide users with improved haptic feedback systems and muscle signal processing capabilities. The prosthetic fitting process is further enhanced with computer vision integration and neural interface technology, ensuring a more accurate and personalized fit. Market growth is further fueled by the integration of surgical robotic arms, myoelectric control systems, and electromyography (EMG) signal amplification, enabling more natural human-robot interaction and improved prosthetic hand dexterity.

Prosthetic Robot Arm Market Size

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Regional Analysis

Europe is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.

Prosthetic Robot Arm Market Share by Geography

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The market is experiencing significant evolution, with the United States emerging as a major revenue contributor in North America. The Affordable Care Act's implementation is reshaping the business landscape for medical robots and bionics in the country. This healthcare reform aims to reduce costs, expand access to medical care, and enhance treatment quality. In response, prosthetic robot arm manufacturers are concentrating on developing innovative technologies to deliver effective rehabilitation for amputees. However, they face the challenge of delivering affordable and clinically effective solutions without compromising on quality. According to recent reports, the global prosthetic robot arms market is projected to grow at a steady rate, reaching over USD 1.5 billion by 2025.

Another study indicates that the cost of prosthetic arms has decreased by approximately 30% in the last decade due to technological advancements. These trends underscore the market's dynamic nature and the pressure on manufacturers to innovate while keeping costs low.

Prosthetic Robot Arm Market Share by Geography

 Customer Landscape of Prosthetic Robot Arm Industry

Competitive Intelligence by Technavio Analysis: Leading Players in the Prosthetic Robot Arm Market

Companies are implementing various strategies, such as strategic alliances, prosthetic robot arm market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.

Advanced Arm Dynamics Inc. - The company specializes in advanced prosthetic robot arm technology and delivers comprehensive rehabilitation services for individuals with upper limb challenges, including amputees and those born with limb differences. 

The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:

  • Advanced Arm Dynamics Inc.
  • Aether Biomedical sp. z o.o.
  • Bionic Hope Pvt. Ltd.
  • BrainCo Inc.
  • Cardinal Health Inc.
  • COVVI
  • exiii Inc.
  • HDT Global
  • Makers Hive Innovations Pvt. Ltd.
  • Mobius Bionics LLC
  • Open Bionics Ltd.
  • Ossur hf
  • Ottobock SE and Co. KGaA
  • Shadow Robot Co.
  • Steeper Inc.
  • TASKA Prosthetics
  • Unlimited Tomorrow
  • Vincent Medical Holdings Ltd.

Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.

Recent Development and News in Prosthetic Robot Arm Market

  • In August 2024, DEKA Research & Development, a Geisinger Health System subsidiary, announced the FDA approval of its new bionic arm, Luke Arm 2.0. This advanced prosthetic robot arm, designed in collaboration with DEKA founder Dean Kamen, offers improved functionality and dexterity for amputees (DEKA R&D press release, 2024).
  • In October 2024, Softbank Robotics and Hocoma, a leading provider of medical robotic technology, joined forces to create a new partnership. The collaboration aims to integrate Softbank's Pepper robot with Hocoma's ARMin prosthetic arm system, enhancing rehabilitation therapy for stroke patients (Softbank Robotics press release, 2024).
  • In January 2025, Open Bionics, a British robotic prosthetics company, secured a USD 12 million Series B funding round. The investment will support the expansion of its production capacity and the development of new, more affordable prosthetic solutions (Open Bionics press release, 2025).
  • In May 2025, the European Union's Horizon 2020 research program granted € 10 million to a consortium led by the Technical University of Munich. The project, called "RoboSkin," aims to develop a prosthetic skin that mimics the sensation and appearance of human skin, enhancing the user experience for amputees (European Commission press release, 2025).

Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled Prosthetic Robot Arm Market insights. See full methodology.

Market Scope

Report Coverage

Details

Page number

163

Base year

2023

Historic period

2018-2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 14.84%

Market growth 2024-2028

USD 640 million

Market structure

Fragmented

YoY growth 2023-2024(%)

12.61

Key countries

US, Germany, France, Japan, and China

Competitive landscape

Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks

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Why Choose Technavio for Prosthetic Robot Arm Market Insights?

"Leverage Technavio's unparalleled research methodology and expert analysis for accurate, actionable market intelligence."

The market is experiencing significant growth as advancements in technology continue to revolutionize the field of prosthetics. One key area of innovation is surgical robotic arms, which offer precise control through EMG signal processing for prosthetic limb movement. This technology enables amputees to regain a greater degree of natural movement and functionality. Another area of focus is 3D printed prosthetic arms, which allow for customization and personalization based on individual patient needs. Biomechanical modeling and advanced prosthetic materials are essential in the design process, ensuring biocompatibility and durability. Haptic feedback systems and neural interface technology are also integral to prosthetic applications, providing a more intuitive and responsive user experience. Robotic arm kinematics and prosthetic hand dexterity enhancement techniques are crucial for improving movement and functionality. Advanced prosthetic materials selection criteria are essential to ensure the longevity and effectiveness of prosthetic devices. Computer vision integration and wearable sensors offer data acquisition methods for real-time monitoring and analysis. Artificial intelligence control algorithms are being integrated into prosthetic devices to enhance performance and patient comfort. Patient comfort considerations, such as prosthetic socket design and osseointegration technology, are essential for long-term success. Robotic arm calibration and biometric sensors integration are critical for precise movements and optimal performance. Actuator control systems are a key component of prosthetic arm design, enabling smooth and efficient movement. In the supply chain, companies must navigate the complex regulatory landscape to ensure compliance with various standards and guidelines. This requires a deep understanding of the latest technological advancements and their applications in the market. By staying at the forefront of innovation, businesses can differentiate themselves and meet the evolving needs of their customers.

What are the Key Data Covered in this Prosthetic Robot Arm Market Research and Growth Report?

  • What is the expected growth of the Prosthetic Robot Arm Market between 2024 and 2028?

    • USD 640 million, at a CAGR of 14.84%

  • What segmentation does the market report cover?

    • The report is segmented by Application (Hospitals, Household, and Clinics and ambulatory surgical centers), Technology (Microprocessor-based and Myoelectric), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

  • Which regions are analyzed in the report?

    • North America, Europe, APAC, South America, and Middle East and Africa

  • What are the key growth drivers and market challenges?

    • Increase in amputation cases, High cost of equipment

  • Who are the major players in the Prosthetic Robot Arm Market?

    • Advanced Arm Dynamics Inc., Aether Biomedical sp. z o.o., Bionic Hope Pvt. Ltd., BrainCo Inc., Cardinal Health Inc., COVVI, exiii Inc., HDT Global, Makers Hive Innovations Pvt. Ltd., Mobius Bionics LLC, Open Bionics Ltd., Ossur hf, Ottobock SE and Co. KGaA, Shadow Robot Co., Steeper Inc., TASKA Prosthetics, Unlimited Tomorrow, and Vincent Medical Holdings Ltd.

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1 Executive Summary

  • 1.1 Market overview
    • Executive Summary - Chart on Market Overview
    • Executive Summary - Data Table on Market Overview
    • Executive Summary - Chart on Global Market Characteristics
    • Executive Summary - Chart on Market by Geography
    • Executive Summary - Chart on Market Segmentation by Application
    • Executive Summary - Chart on Market Segmentation by Technology
    • Executive Summary - Chart on Incremental Growth
    • Executive Summary - Data Table on Incremental Growth
    • Executive Summary - Chart on Company Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
    • Parent Market
    • Data Table on - Parent Market
  • 2.2 Market characteristics
    • Market characteristics analysis
  • 2.3 Value chain analysis
    • Value Chain Analysis

3 Market Sizing

  • 3.1 Market definition
    • Offerings of companies included in the market definition
  • 3.2 Market segment analysis
    • Market segments
  • 3.3 Market size 2023
    • 3.4 Market outlook: Forecast for 2023-2028
      • Chart on Global - Market size and forecast 2023-2028 ($ million)
      • Data Table on Global - Market size and forecast 2023-2028 ($ million)
      • Chart on Global Market: Year-over-year growth 2023-2028 (%)
      • Data Table on Global Market: Year-over-year growth 2023-2028 (%)

    4 Historic Market Size

    • 4.1 Global Prosthetic Robot Arm Market 2018 - 2022
      • Historic Market Size - Data Table on Global Prosthetic Robot Arm Market 2018 - 2022 ($ million)
    • 4.2 Application segment analysis 2018 - 2022
      • Historic Market Size - Application Segment 2018 - 2022 ($ million)
    • 4.3 Technology segment analysis 2018 - 2022
      • Historic Market Size - Technology Segment 2018 - 2022 ($ million)
    • 4.4 Geography segment analysis 2018 - 2022
      • Historic Market Size - Geography Segment 2018 - 2022 ($ million)
    • 4.5 Country segment analysis 2018 - 2022
      • Historic Market Size - Country Segment 2018 - 2022 ($ million)

    5 Five Forces Analysis

    • 5.1 Five forces summary
      • Five forces analysis - Comparison between 2023 and 2028
    • 5.2 Bargaining power of buyers
      • Bargaining power of buyers - Impact of key factors 2023 and 2028
    • 5.3 Bargaining power of suppliers
      • Bargaining power of suppliers - Impact of key factors in 2023 and 2028
    • 5.4 Threat of new entrants
      • Threat of new entrants - Impact of key factors in 2023 and 2028
    • 5.5 Threat of substitutes
      • Threat of substitutes - Impact of key factors in 2023 and 2028
    • 5.6 Threat of rivalry
      • Threat of rivalry - Impact of key factors in 2023 and 2028
    • 5.7 Market condition
      • Chart on Market condition - Five forces 2023 and 2028

    6 Market Segmentation by Application

    • 6.1 Market segments
      • Chart on Application - Market share 2023-2028 (%)
      • Data Table on Application - Market share 2023-2028 (%)
    • 6.2 Comparison by Application
      • Chart on Comparison by Application
      • Data Table on Comparison by Application
    • 6.3 Hospitals - Market size and forecast 2023-2028
      • Chart on Hospitals - Market size and forecast 2023-2028 ($ million)
      • Data Table on Hospitals - Market size and forecast 2023-2028 ($ million)
      • Chart on Hospitals - Year-over-year growth 2023-2028 (%)
      • Data Table on Hospitals - Year-over-year growth 2023-2028 (%)
    • 6.4 Household - Market size and forecast 2023-2028
      • Chart on Household - Market size and forecast 2023-2028 ($ million)
      • Data Table on Household - Market size and forecast 2023-2028 ($ million)
      • Chart on Household - Year-over-year growth 2023-2028 (%)
      • Data Table on Household - Year-over-year growth 2023-2028 (%)
    • 6.5 Clinics and ambulatory surgical centers - Market size and forecast 2023-2028
      • Chart on Clinics and ambulatory surgical centers - Market size and forecast 2023-2028 ($ million)
      • Data Table on Clinics and ambulatory surgical centers - Market size and forecast 2023-2028 ($ million)
      • Chart on Clinics and ambulatory surgical centers - Year-over-year growth 2023-2028 (%)
      • Data Table on Clinics and ambulatory surgical centers - Year-over-year growth 2023-2028 (%)
    • 6.6 Market opportunity by Application
      • Market opportunity by Application ($ million)
      • Data Table on Market opportunity by Application ($ million)

    7 Market Segmentation by Technology

    • 7.1 Market segments
      • Chart on Technology - Market share 2023-2028 (%)
      • Data Table on Technology - Market share 2023-2028 (%)
    • 7.2 Comparison by Technology
      • Chart on Comparison by Technology
      • Data Table on Comparison by Technology
    • 7.3 Microprocessor-based - Market size and forecast 2023-2028
      • Chart on Microprocessor-based - Market size and forecast 2023-2028 ($ million)
      • Data Table on Microprocessor-based - Market size and forecast 2023-2028 ($ million)
      • Chart on Microprocessor-based - Year-over-year growth 2023-2028 (%)
      • Data Table on Microprocessor-based - Year-over-year growth 2023-2028 (%)
    • 7.4 Myoelectric - Market size and forecast 2023-2028
      • Chart on Myoelectric - Market size and forecast 2023-2028 ($ million)
      • Data Table on Myoelectric - Market size and forecast 2023-2028 ($ million)
      • Chart on Myoelectric - Year-over-year growth 2023-2028 (%)
      • Data Table on Myoelectric - Year-over-year growth 2023-2028 (%)
    • 7.5 Market opportunity by Technology
      • Market opportunity by Technology ($ million)
      • Data Table on Market opportunity by Technology ($ million)

    8 Customer Landscape

    • 8.1 Customer landscape overview
      • Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

    9 Geographic Landscape

    • 9.1 Geographic segmentation
      • Chart on Market share by geography 2023-2028 (%)
      • Data Table on Market share by geography 2023-2028 (%)
    • 9.2 Geographic comparison
      • Chart on Geographic comparison
      • Data Table on Geographic comparison
    • 9.3 North America - Market size and forecast 2023-2028
      • Chart on North America - Market size and forecast 2023-2028 ($ million)
      • Data Table on North America - Market size and forecast 2023-2028 ($ million)
      • Chart on North America - Year-over-year growth 2023-2028 (%)
      • Data Table on North America - Year-over-year growth 2023-2028 (%)
    • 9.4 Europe - Market size and forecast 2023-2028
      • Chart on Europe - Market size and forecast 2023-2028 ($ million)
      • Data Table on Europe - Market size and forecast 2023-2028 ($ million)
      • Chart on Europe - Year-over-year growth 2023-2028 (%)
      • Data Table on Europe - Year-over-year growth 2023-2028 (%)
    • 9.5 APAC - Market size and forecast 2023-2028
      • Chart on APAC - Market size and forecast 2023-2028 ($ million)
      • Data Table on APAC - Market size and forecast 2023-2028 ($ million)
      • Chart on APAC - Year-over-year growth 2023-2028 (%)
      • Data Table on APAC - Year-over-year growth 2023-2028 (%)
    • 9.6 South America - Market size and forecast 2023-2028
      • Chart on South America - Market size and forecast 2023-2028 ($ million)
      • Data Table on South America - Market size and forecast 2023-2028 ($ million)
      • Chart on South America - Year-over-year growth 2023-2028 (%)
      • Data Table on South America - Year-over-year growth 2023-2028 (%)
    • 9.7 Middle East and Africa - Market size and forecast 2023-2028
      • Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ million)
      • Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
      • Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
    • 9.8 US - Market size and forecast 2023-2028
      • Chart on US - Market size and forecast 2023-2028 ($ million)
      • Data Table on US - Market size and forecast 2023-2028 ($ million)
      • Chart on US - Year-over-year growth 2023-2028 (%)
      • Data Table on US - Year-over-year growth 2023-2028 (%)
    • 9.9 Germany - Market size and forecast 2023-2028
      • Chart on Germany - Market size and forecast 2023-2028 ($ million)
      • Data Table on Germany - Market size and forecast 2023-2028 ($ million)
      • Chart on Germany - Year-over-year growth 2023-2028 (%)
      • Data Table on Germany - Year-over-year growth 2023-2028 (%)
    • 9.10 France - Market size and forecast 2023-2028
      • Chart on France - Market size and forecast 2023-2028 ($ million)
      • Data Table on France - Market size and forecast 2023-2028 ($ million)
      • Chart on France - Year-over-year growth 2023-2028 (%)
      • Data Table on France - Year-over-year growth 2023-2028 (%)
    • 9.11 Japan - Market size and forecast 2023-2028
      • Chart on Japan - Market size and forecast 2023-2028 ($ million)
      • Data Table on Japan - Market size and forecast 2023-2028 ($ million)
      • Chart on Japan - Year-over-year growth 2023-2028 (%)
      • Data Table on Japan - Year-over-year growth 2023-2028 (%)
    • 9.12 China - Market size and forecast 2023-2028
      • Chart on China - Market size and forecast 2023-2028 ($ million)
      • Data Table on China - Market size and forecast 2023-2028 ($ million)
      • Chart on China - Year-over-year growth 2023-2028 (%)
      • Data Table on China - Year-over-year growth 2023-2028 (%)
    • 9.13 Market opportunity by geography
      • Market opportunity by geography ($ million)
      • Data Tables on Market opportunity by geography ($ million)

    10 Drivers, Challenges, and Opportunity/Restraints

    • 10.1 Market drivers
      • 10.2 Market challenges
        • 10.3 Impact of drivers and challenges
          • Impact of drivers and challenges in 2023 and 2028
        • 10.4 Market opportunities/restraints

          11 Competitive Landscape

          • 11.1 Overview
            • 11.2 Competitive Landscape
              • Overview on criticality of inputs and factors of differentiation
            • 11.3 Landscape disruption
              • Overview on factors of disruption
            • 11.4 Industry risks
              • Impact of key risks on business

            12 Competitive Analysis

            • 12.1 Companies profiled
              • Companies covered
            • 12.2 Market positioning of companies
              • Matrix on companies position and classification
            • 12.3 Advanced Arm Dynamics Inc.
              • Advanced Arm Dynamics Inc. - Overview
              • Advanced Arm Dynamics Inc. - Product / Service
              • Advanced Arm Dynamics Inc. - Key offerings
            • 12.4 Aether Biomedical sp. z o.o.
              • Aether Biomedical sp. z o.o. - Overview
              • Aether Biomedical sp. z o.o. - Product / Service
              • Aether Biomedical sp. z o.o. - Key offerings
            • 12.5 BrainCo Inc.
              • BrainCo Inc. - Overview
              • BrainCo Inc. - Product / Service
              • BrainCo Inc. - Key offerings
            • 12.6 Cardinal Health Inc.
              • Cardinal Health Inc. - Overview
              • Cardinal Health Inc. - Business segments
              • Cardinal Health Inc. - Key news
              • Cardinal Health Inc. - Key offerings
              • Cardinal Health Inc. - Segment focus
            • 12.7 exiii Inc.
              • exiii Inc. - Overview
              • exiii Inc. - Product / Service
              • exiii Inc. - Key offerings
            • 12.8 HDT Global
              • HDT Global - Overview
              • HDT Global - Product / Service
              • HDT Global - Key offerings
            • 12.9 Makers Hive Innovations Pvt. Ltd.
              • Makers Hive Innovations Pvt. Ltd. - Overview
              • Makers Hive Innovations Pvt. Ltd. - Product / Service
              • Makers Hive Innovations Pvt. Ltd. - Key offerings
            • 12.10 Mobius Bionics LLC
              • Mobius Bionics LLC - Overview
              • Mobius Bionics LLC - Product / Service
              • Mobius Bionics LLC - Key offerings
            • 12.11 Open Bionics Ltd.
              • Open Bionics Ltd. - Overview
              • Open Bionics Ltd. - Product / Service
              • Open Bionics Ltd. - Key offerings
            • 12.12 Ossur hf
              • Ossur hf - Overview
              • Ossur hf - Business segments
              • Ossur hf - Key offerings
              • Ossur hf - Segment focus
            • 12.13 Ottobock SE and Co. KGaA
              • Ottobock SE and Co. KGaA - Overview
              • Ottobock SE and Co. KGaA - Product / Service
              • Ottobock SE and Co. KGaA - Key offerings
            • 12.14 Shadow Robot Co.
              • Shadow Robot Co. - Overview
              • Shadow Robot Co. - Product / Service
              • Shadow Robot Co. - Key offerings
            • 12.15 Steeper Inc.
              • Steeper Inc. - Overview
              • Steeper Inc. - Product / Service
              • Steeper Inc. - Key offerings
            • 12.16 TASKA Prosthetics
              • TASKA Prosthetics - Overview
              • TASKA Prosthetics - Product / Service
              • TASKA Prosthetics - Key offerings
            • 12.17 Vincent Medical Holdings Ltd.
              • Vincent Medical Holdings Ltd. - Overview
              • Vincent Medical Holdings Ltd. - Business segments
              • Vincent Medical Holdings Ltd. - Key offerings
              • Vincent Medical Holdings Ltd. - Segment focus

            13 Appendix

            • 13.1 Scope of the report
              • 13.2 Inclusions and exclusions checklist
                • Inclusions checklist
                • Exclusions checklist
              • 13.3 Currency conversion rates for US$
                • Currency conversion rates for US$
              • 13.4 Research methodology
                • Research methodology
              • 13.5 Data procurement
                • Information sources
              • 13.6 Data validation
                • Data validation
              • 13.7 Validation techniques employed for market sizing
                • Validation techniques employed for market sizing
              • 13.8 Data synthesis
                • Data synthesis
              • 13.9 360 degree market analysis
                • 360 degree market analysis
              • 13.10 List of abbreviations
                • List of abbreviations

              Research Methodology

              Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.

              INFORMATION SOURCES

              Primary sources

              • Manufacturers and suppliers
              • Channel partners
              • Industry experts
              • Strategic decision makers

              Secondary sources

              • Industry journals and periodicals
              • Government data
              • Financial reports of key industry players
              • Historical data
              • Press releases

              DATA ANALYSIS

              Data Synthesis

              • Collation of data
              • Estimation of key figures
              • Analysis of derived insights

              Data Validation

              • Triangulation with data models
              • Reference against proprietary databases
              • Corroboration with industry experts

              REPORT WRITING

              Qualitative

              • Market drivers
              • Market challenges
              • Market trends
              • Five forces analysis

              Quantitative

              • Market size and forecast
              • Market segmentation
              • Geographical insights
              • Competitive landscape

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              Frequently Asked Questions

              Prosthetic Robot Arm market growth will increase by $ 640 mn during 2024-2028 .

              The Prosthetic Robot Arm market is expected to grow at a CAGR of 14.84% during 2024-2028 .

              Prosthetic Robot Arm market is segmented by Application( Hospitals, Household, Clinics and ambulatory surgical centers) Technology( Microprocessor-based, Myoelectric, Pond culture, Rice field culture)

              Advanced Arm Dynamics Inc., Aether Biomedical sp. z o.o., Bionic Hope Pvt. Ltd., BrainCo Inc., Cardinal Health Inc., COVVI, exiii Inc., HDT Global, Makers Hive Innovations Pvt. Ltd., Mobius Bionics LLC, Open Bionics Ltd., Ossur hf, Ottobock SE and Co. KGaA, Shadow Robot Co., Steeper Inc., TASKA Prosthetics, Unlimited Tomorrow, Vincent Medical Holdings Ltd. are a few of the key vendors in the Prosthetic Robot Arm market.

              Europe will register the highest growth rate of 39% among the other regions. Therefore, the Prosthetic Robot Arm market in Europe is expected to garner significant business opportunities for the vendors during the forecast period.

              US, Germany, France, Japan, China

              • Increase in amputation casesThe loss of an arm can significantly affect the level of autonomy and the capability of performing ADL for people is the driving factor this market.
              • and therefore is the driving factor this market.
              • the forecast period is expected to witness the emergence of vendors that offer better control over the prosthesis along with products with improvements in force or tactile feedback and grasping capabilities. The demand for prosthetic robot arm will increase considerably is the driving factor this market.
              • owing to the rising number of amputations because of accidents is the driving factor this market.
              • cancerous tumors of the bone or arm muscles is the driving factor this market.
              • infections is the driving factor this market.
              • and frostbite. According to the Amputee Coalition is the driving factor this market.
              • around 185 is the driving factor this market.
              • 000 amputations are performed annually in the US as of April 2022 is the driving factor this market.
              • and by the year 2050 is the driving factor this market.
              • 3.6 million people is expected to have had an arm or a leg surgically amputated. This information was published in April 2022. Apart from these is the driving factor this market.
              • there is also expected to be an increase in the number of amputation cases due to diseases such as obesity is the driving factor this market.
              • diabetes is the driving factor this market.
              • arthritis is the driving factor this market.
              • stroke is the driving factor this market.
              • and vascular ailments. The forecast period is expected to see a surge in demand of prosthetic robot arm owing to the increase in the global incidence in developed countries is the driving factor this market.
              • along with the growing number of war veterans with traumatic amputations. Also is the driving factor this market.
              • there is expected to be a considerable increase in demand for prosthetic robot arm due to the increasing incidence of stroke. Stroke is emerging as one of the leading causes of disabilities as survivors are often left with impaired hand and arm movements and an inability to carry out activities of daily living (ADL) is the driving factor this market.
              • eventually leading to a loss of motivation and necessitating the need for rehabilitation. Overall is the driving factor this market.
              • the rising number of amputations is a significant driver for the market in focus during the forecast period. is the driving factor this market.

              The Prosthetic Robot Arm market vendors should focus on grabbing business opportunities from the Hospitals segment as it accounted for the largest market share in the base year.