The size of the robotic prosthetics market in the Middle East and Africa is estimated to value USD 140.71 million by 2026 from USD 110.25 million in 2021, registering a CAGR of 5% from 2021 to 2026.
Artificial limbs can be controlled by computer, brain, and sensation using advanced technology. The increasing demand for advanced technologies, the growth of the geriatric population, and the increasing prevalence of different diseases, in addition to medical technology, will contribute to research in robotics and computer science by creating a new generation of feet, legs, hands, and arm, this provides users with the feel and ability to move flexibly.
The increase in amputation cases, advances in robotic space, and increased ulcers, diabetes, and congenital disabilities leading to amputation are believed to stimulate the MEA robotic prosthetics market growth during the forecast period. Additionally, increased public funding and innovations in the robotic space are expected to drive growth over the forecast period.
Advances in materials science and technological advancements, such as exoskeletons, for example, are artificially intelligent, portable, and a bionic device that allows wheelchair users to walk again. Robotic prostheses are getting smarter over time which is expected to be a driving force for the Middle East & Africa market.
Robotic prostheses are not well covered by insurance policies, which may slow the growth of the market. In addition, these prostheses are expensive, which makes them inaccessible to users. This is likely to restrain the growth of the market for the foreseeable future.
The increasing amount of funding for research and development and the availability of better treatment options are adding to the strength of the market. The increasing demand for sophisticated sanitary facilities and appliances is also driving the growth of the market considerably.
The COVID-19 pandemic has provided many opportunities for performing robotic surgeries due to its highly contagious nature, where the use of artificial intelligence is considerably safer for doctors and hospital staff.
COVID-19 is an unprecedented global public health emergency that has affected nearly all industries, with long-term effects expected to impact industry growth over the forecast period.
Governments in low-income countries are not investing in prosthetics due to a lack of data and financial gains. International and local NGOs provide the majority of prosthetic services in emerging countries. Without government and charity support in prosthetic innovations, the availability of these services will remain low.
The cost of the entire surgical procedure required to operate on robotic prostheses is very high, which is hampering the growth of the robotic prosthesis market, especially in developing regions.
This research report on the MEA robotic prosthetics market has been segmented and sub-segmented into the following categories:
By End Users:
Geographically, the Middle East and Africa account for a minor share in the global robotic prosthetics market due to low investment and insufficient health infrastructure. Within MEA, the UAE robotic prosthetics market is estimated to perform well due to the continuous development of technology and the increasing prevalence of orthopedic diseases.
The Saudi Arabian market is another lucrative regional market in the Middle East robotic prosthesis market due to government support for research and development and the availability of research funds. This is expected to continue to boost the Middle East and Africa markets during the forecast period. North Africa and South Africa regions have poor healthcare infrastructure and low growth of robotic prosthesis market in the Middle East and Africa.
KEY MARKET PLAYERS:
Shadow Robot Company, Touch Bionics, Ossur, HDT Global, Endolite, Syn Touch Inc (Los Angeles), Irobot, Northrop Grumman, Qbotix, and Prox Dynamics are some of the companies operating in the MEA robotic prosthetics market.
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
2.2 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
3.1 Executive Summary
3.2 Key Inferences
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
5.1.2 Myoelectric Technology
5.1.3 Microprocessor controlled
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
5.2.2 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
5.3.2 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
5.4.4 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
6.1.1 Regional Trends
6.1.2 Impact Analysis
6.1.3 Y-o-Y Growth Analysis
220.127.116.11 By Geographical Area
18.104.22.168 By Technology
22.214.171.124 By Products
126.96.36.199 By Application
188.8.131.52 By End Users
6.1.4 Market Attractiveness Analysis
184.108.40.206 By Geographical Area
220.127.116.11 By Technology
18.104.22.168 By Products
22.214.171.124 By Application
126.96.36.199 By End Products
6.1.5 Market Share Analysis
188.8.131.52 By Geographical Area
184.108.40.206 By Technology
220.127.116.11 By Products
18.104.22.168 By Application
22.214.171.124 By End Users
7. Strategic Analysis
7.1 PESTLE analysis
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
8.1.2 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
8.4 HDT Global
8.7 Syn Touch Inc
8.9 Northrope Grumman
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
a) List of Tables
b) List of Figures