AI Prosthese Market Trends and Forecast
The future of the global AI prosthese market looks promising with opportunities in the healthcare and medical research markets. The global AI prosthese market is expected to grow with a CAGR of 6.5% from 2024 to 2030. The major drivers for this market are rising demand for personalized & smart prosthetic solutions, increasing prevalence of disabilities & amputations globally, and growing investments & collaborations in AI healthcare technologies.
• Lucintel forecasts that implantable prosthesis is expected to witness higher growth over the forecast period.
• Within this market, healthcare is expected to witness the higher growth.
• APAC is expected to witness the highest growth over the forecast period.
Country Wise Outlook for the AI Prosthese Market
• United States: Companies like Open Bionics and Hanger Inc. are pioneering affordable AI-powered prosthetic limbs, backed by government grants for research and development. Targets include enhancing accessibility and functionality for users.
• Germany: Ottobock, a leading prosthetics company, is investing in AI algorithms for personalized prosthetic solutions. The German governmentÄX%$%Xs initiatives support such innovations, aiming for more efficient rehabilitation outcomes.
• Japan: Cyberdyne Inc. is collaborating with hospitals to integrate AI into prosthetic devices, focusing on seamless user control. The Japanese government has set targets for AI-driven advancements in healthcare, including prosthetic technology.
• United Kingdom: R&D efforts by companies like RSLSteeper are driving AI advancements in prosthetics, aligning with the governmentÄX%$%Xs goals for integrating technology in healthcare to improve patient outcomes and quality of life.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
AI Prosthese Market by Segment
The study includes a forecast for the global AI prosthese market by type, application, and region.
AI Prosthese Market by Type [Value from 2018 to 2030]:
• Implantable Prosthesis
• Non-Implantable Prosthesis
AI Prosthese Market by Application [Value from 2018 to 2030]:
• Healthcare
• Medical Research
• Others
AI Prosthese Market by Region [Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of AI Prosthese Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies AI prosthese companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the AI prosthese companies profiled in this report include-
• Ottobock
• Esper Bionics
• BrainRobotic
• Ekso Bionics
• ReWalk Robotics
• Synchron
• Xilloc Medical
• Mobius Bionics
• Marsi Bionics
• Cyberdyne
Recent Development in the AI Prosthese Market
• Open Bionics: Collaborated with leading universities to develop AI-driven prosthetic hands with advanced sensory feedback, enabling users to experience a sense of touch and grip control.
• Ottobock: Introduced a new line of AI-enabled lower limb prostheses that utilize machine learning algorithms to adapt to usersÄX%$%X movements and provide a more natural walking experience.
• Hanger Inc.: Launched a telehealth platform integrated with AI algorithms for remote monitoring and adjustment of prosthetic devices, improving accessibility and convenience for users worldwide.
• Cyberdyne Inc.: Developed a breakthrough AI-powered exoskeleton system for rehabilitation purposes, providing personalized assistance based on individual patient data and progress.
• RSLSteeper: Implemented AI technology in their prosthetic limbs to analyze user movements in real-time, enhancing stability, comfort, and functionality for amputees.
Features of the Global AI Prosthese Market
Market Size Estimates: AI prosthese market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: AI prosthese market size by type, application, and region in terms of value ($B).
Regional Analysis: AI prosthese market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different types, applications, and regions for the AI prosthese market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the AI prosthese market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the growth forecast for AI prosthese market?
Answer: The global AI prosthese market is expected to grow with a CAGR of 6.5% from 2024 to 2030.
Q2. What are the major drivers influencing the growth of the AI prosthese market?
Answer: The major drivers for this market are rising demand for personalized & smart prosthetic solutions, increasing prevalence of disabilities & amputations globally, and growing investments & collaborations in AI healthcare technologies.
Q3. What are the major segments for AI prosthese market?
Answer: The future of the AI prosthese market looks promising with opportunities in the healthcare and medical research markets.
Q4. Who are the key AI prosthese market companies?
Answer: Some of the key AI prosthese companies are as follows:
• Ottobock
• Esper Bionics
• BrainRobotic
• Ekso Bionics
• ReWalk Robotics
• Synchron
• Xilloc Medical
• Mobius Bionics
• Marsi Bionics
• Cyberdyne
Q5. Which AI prosthese market segment will be the largest in future?
Answer: Lucintel forecasts that implantable prosthesis is expected to witness higher growth over the forecast period.
Q6. In AI prosthese market, which region is expected to be the largest in next 5 years?
Answer: APAC is expected to witness the highest growth over the forecast period.
Q7. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the AI prosthese market by type (implantable prosthesis and non-implantable prosthesis), application (healthcare, medical research, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to AI Prosthese Market, AI Prosthese Market Size, AI Prosthese Market Growth, AI Prosthese Market Analysis, AI Prosthese Market Report, AI Prosthese Market Share, AI Prosthese Market Trends, AI Prosthese Market Forecast, AI Prosthese Market Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.