Asia Pacific Robotic Prosthetics Market By Technology (Myoelectric Technology, Microprocessor Controlled, Bluetooth), By Products (Prosthetic Ankles Or Feet, Prosthetic Arms), By Application (Upper Body Extremity, Lower Body Extremity), By End Users (Hospitals, Clinics), By Region- Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023).
Asia Pacific Robotic Prosthetics Market By Technology (Myoelectric Technology, Microprocessor Controlled, Bluetooth), By Products (Prosthetic Ankles Or Feet, Prosthetic Arms), By Application (Upper Body Extremity, Lower Body Extremity), By End Users (Hospitals, Clinics), By Region- Global Industry Analysis, Size, Share, Growth, Trends, And Forecasts (2018-2023).
ID: 8113 | Pages: 145 | October 2018 | Region: Asia Pacific
Asia Pacific Robotic Prosthetics market value was approximately USD 155 million in 2018. It is projected to be around USD 272 million by 2023 at a CAGR of11.9%.
Robotic Prosthesis is nothing but replacing lost parts of the body with artificially controlled parts, this is been a revolution in the recent past years and is growing wider with the advanced technology.
The hike in Robotic Prosthetics market is boosted by amputated people, increasing with time. There are several reasons like road accidents, people who are born handicapped, diabetes, different types of cancers which increase amputee population. These are some of the major factors which increase the market value. Moreover, the high cost and poor infrastructure in some countries count for the drawbacks of this market.
The Market is segmented by Technology, by Products, by end users, and by application technique. By Technology the market is further divided into Bluetooth, Myoelectric technology, Microprocessor controlled. In the recent past years, Microprocessor controlled prosthetics occupied the major share of the market. In coming years Myoelectric technology is expected to account for the major share and grow at a rate more than 10%. By-Products, the market is segregated into Prosthetic feet or Prosthetic Ankles and Prosthetic Arms. In the past Prosthetic feet and ankles were key factors for the market revenue, nowadays even Prosthetic Arms came into limelight. By Application, the market is categorized into Upper Body Extremity and Lower Body Extremity. These are nothing but, Prosthesis that replaces upper body parts and lower body parts. Recent numbers tell us that Upper Body Extremity has fetched much more revenue to the Robotic Prosthetics Market Share.
By geography the Asia-Pacific market is segmented into India, China, Korea, Japan and others. India and China are also potential markets in view of their rising economy and increasing disposable incomes. The huge numbers of the people in need of prosthetics in these countries, which currently lie untapped are a major driving factor for market growth in this region.
Major Companies in the market include Shadow Robot Company (UK), Touch Bionics (UK), Ossur (America), HDT Global (USA), Endolite (USA), Syn Touch Inc (Los Angeles), Irobot (U.S.A), Northrope Grumman (U.S.A), Qbotix (U.S.A), Prox Dynamics (U.S.A).
1. Introduction
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2. Research Methodology
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3. Overview
3.1 Executive Summary
3.2 Key Inferences
3.3 Epidemology
4. Drivers, Restraints, Opportunities, and Challenges Analysis (DROC)
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5. Market Segmentation
5.1 Technology
5.1.1 Introduction
5.1.2 Myoelectric Technology
5.1.3 Microprocessor controlled
5.1.4 Bluetooth
5.1.5 Y-o-Y Growth Analysis, By Technology
5.1.6 Market Attractiveness Analysis, By Technology
5.1.7 Market Share Analysis, By Technology
5.2 Products
5.2.1 Introduction
5.2.2 Prosthetic Ankles or Feet
5.2.3 Prosthetic Arms
5.2.4 Y-o-Y Growth Analysis, By Products
5.2.5 Market Attractiveness Analysis, By Products
5.2.6 Market Share Analysis, By Products
5.3 Application
5.3.1 Introduction
5.3.2 Upper Body Extremity
5.3.3 Lower Body Extremity
5.3.4 Y-o-Y Growth Analysis, By Application
5.3.5 Market Attractiveness Analysis, By Application
5.3.6 Market Share Analysis, By Application
5.4 End users
5.4.1 Introduction
5.4.2 Hospitals
5.4.3 Clinics
5.4.4 Y-o-Y Growth Analysis, By End Users
5.4.5 Market Attractiveness Analysis, By End Users
5.4.6 Market Share Analysis, By End Users
6. Geographical Analysis
6.1 Introduction
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
6.1.3.1 By Geographical Area
6.1.3.2 By Technology
6.1.3.3 By Products
6.1.3.4 By Application
6.1.3.5 By End Users
6.1.4 Market Attractiveness Analysis
6.1.4.1 By Geographical Area
6.1.4.2 By Technology
6.1.4.3 By Products
6.1.4.4 By Application
6.1.4.5 By End Products
6.1.5 Market Share Analysis
6.1.5.1 By Geographical Area
6.1.5.2 By Technology
6.1.5.3 By Products
6.1.5.4 By Application
6.1.5.5 By End Users
6.2 China
6.3 India
6.4 Japan
6.5 South Korea
6.6 Australia
7. Strategic Analysis
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8. Market Leaders' Analysis
8.1 Shadow Robot Company
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Financial analysis
8.1.4 Recent Developments
8.1.5 SWOT Analysis
8.1.6 Analyst View
8.2 Touch Bionics
8.3 Ossur
8.4 HDT Global
8.5 Endolite
8.7 Syn Touch Inc
8.8 Irobot
8.9 Northrope Grumman
8.10 Qbotix
9. Competitive Landscape
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10. Market Outlook and Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
- Regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped
- Segment-level analysis in terms of Products, by Region along with market size forecasts and estimations to detect key areas of industry growth in detail
- Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
- Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis
- Study the micro environment factors that determine the overall profitability of an Industry, using Porter’s five forces analysis for analysing the level of competition and business strategy development
- A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment
- Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
- An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions
- Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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