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Pulished Date April, 2021
ID: 7843
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North America Robotic Prosthetics Market Research Report - Segmented By Technology, Products, Application, End Users & Country (U.S, Canada & Rest of North America)- Global Industry Analysis, Size, Share, Growth, Trends, & Forecasts (2021 to 2026)

Pulished: April, 2021
ID: 7843
Pages: 145

North America Robotic Prosthetics Market Size & Growth (2021 to 2026):

As per the research report, the size of the North America Robotic Prosthetics market is valued at USD 292.39 million in 2021. It is projected to be around USD 460.50 million by 2026 at a CAGR of 9.51%.

DRIVERS

The increase in amputation cases, advances in robotic space, and the increase in ulcers, diabetes, and birth defects leading to amputation are believed to stimulate growth during the prognostic period. . Additionally, increased government initiatives and innovations in the robotic space are expected to drive growth over the forecast period. According to a survey, one in five men and one in three women over the age of 50 suffers from a fragility fracture. In the US, most people face frailty, especially hip fractures.

As accidents, diabetes, vascular disease and frostbite have increased, the mass of the amputee population has increased, leading to the growth of the robotic prosthesis industry. Amputee Coalition has published data on the main drivers of amputees, including vascular disease and congenital trauma and disabilities which account for a third of the contribution. The International Diabetes Federation has found that these particular countries have a high diabetic population which is increasing vigorously from year to year. The prevalence of diabetes has doubled for men and a higher percentage for people above the age 60 years. Moreover, the increasing demand for quality devices in healthcare will lead to the use of advanced equipment, which in turn will increase the growth of the North America robotic prosthesis market.

RESTRAINTS

Due to stringent rules and regulation for recognized products and awareness about these neuro-regenerative products become restraining factor for market growth rate.

OPPORTUNITIES

Innovative product launches by major companies are expected to drive growth during the forecast period.

CHALLENGES

All major industries are facing serious disruption, such as supply chain disruptions, cancellations of technology events and office closures as a result of this outbreak. China is the manufacturing center for robotic prosthetic parts, with the presence and largest suppliers of raw materials. The general market collapse due to COVID-19 is also affecting the growth of the North America robotic prosthesis market due to manufacturing unit closures, supply chain obstacles and the recession of the economy.

This research report on the North America Robotic Prosthetics Market has been segmented and sub-segmented into the following categories:

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 Country:

  • U.S
  • Canada
  • Rest of North America

REGIONAL ANALYSIS

The United States led the market in 2019, with a 43.5% revenue share. The main growth drivers are rising healthcare spending, improvements in the robotic space, and favorable government initiatives regarding support for robotic technology in the United States. This region is expected to be the fastest growing region, owing to growing investments in robotics and rising healthcare expenditures. According to a study in the United States, the prevalence of low bone mass and osteoporosis in the neck of the femur is found in adults over the age of 52. Additionally, it was highest among Mexican American adults, followed by non-Hispanic white adults.

Canada ranks second in the North America robotic prosthesis market thanks to international and national government support for research and development and increased investment in healthcare. Technological advancements as well as excellent healthcare expenditure has led to lucrative market growth due to the increasing prevalence of orthopedic diseases and the development of technology. Increasing rate of geriatric population who tend to suffer more from diabetic complication such as diabetic foot leading to amputation, more number of accidents and genetic deformities is expected to increase sale revenue in Canada.

Companies playing a dominant role in the North America Robotic Prosthetics market profiled in this report are 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 United States                            

                6.3 Canada                         

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
  1. North America Robotic Prosthetics Market Market By Technology, From 2021 to 2026 ( USD Million )
  2. North America Myoelectric Technology Market By Region, From 2021 to 2026 ( USD Million )
  3. North America Microprocessor Controlled Market By Region, From 2021 to 2026 ( USD Million )
  4. North America Bluetooth Market By Region, From 2021 to 2026 ( USD Million )
  5. North America Robotic Prosthetics Market Market By Products, From 2021 to 2026 ( USD Million )
  6. North America Prosthetic Ankles or Feet Market By Region, From 2021 to 2026 ( USD Million )
  7. North America Prosthetic Arms Market By Region, From 2021 to 2026 ( USD Million )
  8. North America Robotic Prosthetics Market Market By Application, From 2021 to 2026 ( USD Million )
  9. North America Lower Body Extremity Market By Region, From 2021 to 2026 ( USD Million )
  10. North America Upper Body Extremity Market By Region, From 2021 to 2026 ( USD Million )
  11. North America Robotic Prosthetics Market Market By End Users, From 2021 to 2026 ( USD Million )
  12. North America Hospitals Market By Region, From 2021 to 2026 ( USD Million )
  13. North America Clinics Market By Region, From 2021 to 2026 ( USD Million )
  14. United States Robotic Prosthetics Market Market By Technology, From 2021 to 2026 ( USD Million )
  15. United States Robotic Prosthetics Market Market By Products, From 2021 to 2026 ( USD Million )
  16. United States Robotic Prosthetics Market Market By Application, From 2021 to 2026 ( USD Million )
  17. United States Robotic Prosthetics Market Market By End Users, From 2021 to 2026 ( USD Million )
  18. Canada Robotic Prosthetics Market Market By Technology, From 2021 to 2026 ( USD Million )
  19. Canada Robotic Prosthetics Market Market By Products, From 2021 to 2026 ( USD Million )
  20. Canada Robotic Prosthetics Market Market By Application, From 2021 to 2026 ( USD Million )
  21. Canada Robotic Prosthetics Market Market By End Users, From 2021 to 2026 ( USD Million )

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