Revolution in the medical science technology has given rise to a new concept of robotic prosthetic also refer to microprocessor controlled prosthetics or MPC prosthetics. Robots are used extensively for assisting humans in physically and repetitive demanding work or for those things that require precision and accuracy in every industry. In medicine, a prosthetic is an artificial device that replaces a missing body part, which may be lost through trauma, disease, or congenital conditions. Prosthetics are intended to restore the normal functions of the missing body part. Prosthetics is described as mechanical limbs which are managed by nerve impulses and microprocessors. A major goal of robotic prosthetics is not only to make it easier for the user to return to previous activities, but do so with as little pain and unnatural exertion as possible. Prosthetic can incorporate more than 100 sensors. A process called targeted muscle reinnervation can connect nerves carrying messages from the brain, like “close hand,” to a muscle over which has a set of electrodes placed. Those electrodes in turn send the signal to the motorized hand to close. Sensory feedback is being developed in a similar manner.
The growing aging population and global rise in number of cases such as accidents, severe injuries, cancerous tumours in the bone or muscles of limbs, limb infection are the key drivers to increase the demand of robotic prosthetic market worldwide. Other factors such as high healthcare spending of the people, growth of medical device industry have accelerated the market, supported by innovative product development by key players in the market, and integration of IT into healthcare are gaining the market of robotic prosthetics.
Many surgeries may be needed to have the robotic prosthetic to be operational, the overall cost associated robotic prosthetic (inclusive of surgery cost) are some factors that can inhibit the growth of the market especially in the underdeveloped and the developing countries. The revolutionizing prosthetics program seeks to address these challenges by restoring near-natural hand and arm control to people living with the loss of an upper limb. The resulting technologies could improve war fighter rehabilitation, restore function and independence to individuals living with amputation or paralysis, and offer wounded warriors the prospect of eventual return to duty.
Recently robotic prosthetic is being designed with ‘skin’ sensor to give more sensitivity for precision tasks, agonist-antagonist myoneural interface that allow fine-grained control of a human prosthetic, using a 3D printer and increasing introduction of technologically advanced products, such as SYMBIONIC LEG 3, RHEO KNEE, PROPRIO FOOT, and POWER KNEE, building exoskeletons are the current trends observed in the global robotic prosthetics market.
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The global robotic prosthetic market report has been segmented on the basis of product, extremity and region. On the basis of region, it is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The prosthetic robotics are most prevalent in the North America and European regions, but China as an emerging market will comprise nearly one-third of the market by 2025.
Key players of global robotic prosthetic market includes, Touch Bionics Limited, HDT Global Inc., SynTouch Inc., Shadow Robot Company Ltd., Stryker Corporation, Smith & Nephew, Inc., Aethon Inc., ReWalk Robotics Ltd, Medrobotics Corporation, KUKA Roboter GmbH, Intuitive Surgical, Inc., Mazor Robotics Ltd.