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Global Robotic Prosthetics, Exoskeletons and Assistive Rehabilitation Technologies Market Assessment & Forecast: 2015-2019

  • June 2015
  • 46 pages
  • Spearhead Acuity
Report ID: 3605154

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The global microprocessor controlled (MPC) prosthetics market is forecast to reach US$ 434.4 million in 2015 according to the new report “Global Robotic Prosthetics, Exoskeletons and Assistive Rehabilitation Technologies Market Assessment & Forecast: 2015 - 2019” by SA-Business Research & Consulting group.

The research provides insight into the prosthetics market in 6 regions of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa. SA-BRC analysts monitored healthcare robotics trends across 6 regions of North America, Europe, Asia-Pacific, Latin America, Middle-East and Africa for products scoped in the report. Increasing international conflicts have left a large number of wounded each year and several thousand victims end up as amputees each year. There are approximately 3-4 million people with seriously debilitating amputations across the world each year. In United States the total number of amputees living is approximately 2 million today. CDC estimates suggest approximately 24 million diabetics live in United States alone and an estimated 150,000 people in U.S. are required various levels of amputations due to combined causes (vascular diseases, diabetes, trauma, industrial accidents, automobile accidents and military combat incidents).

The report also covers analysis for three segments of prothetic products such as Microprocessor Controlled Prosthetics (MPCs), Exoskeletons and Assistive Rehabilitation Systems by brands. The major brands included in the analysis are C-Leg, Rheo Knee, Plie, Proprio, Elan, Raize, Bebionic, ReWalk, Ekso, Lokomat, Myomo and several others. MPC prosthetics demand has increased several folds in recent years due to increasing physical demand from amputees. According to aggregated data on amputation statistics by WHO, CDC, NHS, National Limb Loss Information Center and several clinical studies, approximately 80% of all lower extremity amputations are dysvascular amputations. Robotic assistive prosthetics and exoskeleton technologies have undergone revolutionary changes in recent years due to a continued focus of bringing complete mobility and rehabilitation to patients who were otherwise immobile. Developments have taken place for reducing the weight of materials, providing versatile movement like the human body, embedded intelligent systems with sensors that operate the robotic devices closely similar to a full able-bodied human. Robotic exoskeletons have also found applications in rescue, recreational and military fields.

MCPs have several potential advantages over traditional prostheses, including: reduced energy expenditure, improved ambulation, improved safety, and improved quality of life. They are also more expensive to purchase and fit than non-microprocessor-controlled prostheses (NMCP). Due to the cost of advanced prosthetics, they continue to be out of reach for most people. Even in developed countries the devices are not affordable to most as government insurance such as CMS deny reimbursing the prices what may be considered as exorbitant by many. The device cost along with the surrounding expenses that require maintenance, spares and software upgrades of some types can extend beyond US$ 150,000. 3D printing may play a prominent role in this market in coming years and addressing several aspects of the prosthetics market particularly those concerned with aesthetic looks and functionality. This is because fitting every amputee has various challenges with respect to shape, size and comfort. 3D printing initiated into manufacturing of intelligent prosthetics will greatly reduce the price and make it more affordable to civilians.

In terms of key players the market is consolidated with leaders being Ottobock, Ossur and Freedom Innovations. Other notable players include Hocoma, Assistive Innovations Corp., and Myomo Inc. The Robotic Prosthetics, Exoskeleton and Assistive Rehabilitation Technologies Market is a highly technology driven market. Collaborations for developing technologies are one of the foremost strategies seen among players.

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