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The technologies in prosthetic has undergone significant change in recent years, with conventional prosthetics to hybrid orthodontic prosthetics. The rising wave of new technologies such as electric powered and hybrid orthodontic prosthetics technology are creating significant potential for advanced prosthetic system in various medical platforms due to improved comfort, usability, and wear and tear resistance.

In prosthetic market, various technologies such as conventional, electric powered, and hybrid orthodontic prosthetics are used in the disabled adults and disabled children applications. Increasing demand for orthopedic prosthetics combined with an increased incidence of trauma/accidental accidents and technological advancement such as robotic prosthetics are creating new opportunities for various prosthetic technologies.

Some of the latest technological developments by various countries in the prosthetic market are as follows:
  • United States: Ossur, a leading prosthetics manufacturer, announced the launch of their "Project Kinesis". This initiative focuses on developing advanced AI-powered prosthetic knees that can learn and adapt to a user's gait and environment. The US Department of Health and Human Services has set a target of increasing access to advanced prosthetic technologies for veterans by 20% within the next two years. This will likely spur further innovation in the US prosthetic market.
  • Germany: Ottobock, a German prosthetics leader, announced a partnership with a major university to develop biocompatible brain-computer interface technology for upper limb prosthetics. This could revolutionize control and functionality for amputees.
  • Japan: The Japanese government is investing heavily in research and development of next-generation prosthetic materials. They aim to create lighter, stronger, and more comfortable prosthetics using advanced composite materials.
  • India: Indian startup Arya Technologies unveiled their "Re-Life Hand". This is a low-cost, 3D-printed prosthetic hand designed to be affordable and accessible for amputees in developing countries.
This report analyzes technology maturity, degree of disruption, competitive intensity, market potential, and other parameters of various technologies in the prosthetic market. Some insights are depicted below by a sample figure. For more details on figures, the companies researched, and other objectives/benefits on this research report, please download the report brochure.


Prosthetic Technology Market
 

Prosthetic Technology Segments

 
 
Prosthetic Technology Heat Map

The study includes technology readiness, competitive intensity, regulatory compliance, disruption potential, trends, forecasts and strategic implications for the global prosthetic technology by application, technology, and region as follows:

Technology Readiness by Technology Type

Competitive Intensity and Regulatory Compliance

Disruption Potential by Technology Type

Trends and Forecasts by Technology Type [$M shipment analysis from 2018 to 2030]:
  • Conventional
  • Electric Powered
  • Hybrid Orthodontic Prosthetics

Technology Trends and Forecasts by Application [$M shipment analysis from 2018 to 2030]:
  • Disabled Adults
    • Conventional
    • Electric Powered
    • Hybrid Orthodontic Prosthetics
  • Disabled Children
    • Conventional
    • Electric Powered
    • Hybrid Orthodontic Prosthetics

Technology Trends and Forecasts by Region [$M shipment analysis for 2018 – 2030]:
  • North America
    • United States
    • Canada
    • Mexico
  • Europe
    • United Kingdom
    • Germany
    • France
  • Asia Pacific
    • Japan
    • China
    • South Korea
    • India
    • The Rest of the World

Latest Developments and Innovations in the Prosthetic Technologies

Companies / Ecosystems

Strategic Opportunities by Technology Type

Some of the prosthetic companies profiled in this report include Smith and Nephew, Zimmer Holdings, Stryker, Otto Bock HealthCare, Blatchford, Touch Bionics, and Biomet.

Below are the latest technological developments from top companies in the prosthetic market:
  • Ossur launched the ProFlex XC prosthetic knee, designed for improved stability and gait for users with lower limb amputations. This focus on enhanced user experience could drive wider adoption of conventional prosthetics.
  • Otto Bock announced a partnership with the Indian government to establish prosthetic manufacturing facilities in India. This initiative aims to increase access to affordable conventional prosthetics for amputees in the region.
  • Comau unveiled its Michelangelo Michelangelo Metaverse Hand, a next-generation myoelectric prosthetic with intuitive control and haptic feedback capabilities. This technological advancement could revolutionize the field of electric prosthetics.
  • Vincent Corporation received FDA approval for their next-generation bionic arm, the VECTOR™ Bionic Arm. This prosthetic arm boasts improved dexterity and control for users with upper limb amputations.
  • Tech Rehab announced collaboration with DARPA (US Defense Advanced Research Projects Agency) to develop a new generation of HAT prosthetics that integrate sensory feedback and artificial intelligence for more natural control.
  • Ottobock partnered with ISPO, the International Society for Prosthetics and Orthotics, to launch a global research initiative focused on advancing HAT prosthetics for improved balance and coordination in users.
This report answers following 9 key questions:
Q.1 What are some of the most promising and high-growth technology opportunities for the prosthetic market?
Q.2 Which technology will grow at a faster pace and why?
Q.3 What are the key factors affecting dynamics of different technologies? What are the drivers and challenges of these technologies in prosthetic market?
Q.4 What are the levels of technology readiness, competitive intensity and regulatory compliance in this technology space?
Q.5 What are the business risks and threats to these technologies in prosthetic market?
Q.6 What are the latest developments in prosthetic technologies? Which companies are leading these developments? 
Q.7 Which technologies have potential of disruption in this market?
Q.8 Who are the major players in this prosthetic market? What strategic initiatives are being implemented by key players for business growth?
Q.9 What are strategic growth opportunities in this prosthetic technology space?
 Table of Contents

1. Executive Summary

2. Technology Landscape
2.1. Technology Background and Evolution
2.2. Technology and Application Mapping
2.3. Supply Chain

3. Technology Readiness
3.1. Technology Commercialization and Readiness
3.2. Drivers and Challenges in Prosthetic Technologies
3.3. Competitive Intensity
3.4. Regulatory Compliance

4. Technology Trends and Forecasts Analysis from 2018-2030
4.1. Prosthetic Opportunity
4.2. Technology Trends (2018-2023) and Forecasts (2024-2030)
4.2.1. Conventional
4.2.2. Electric Powered
4.2.3. Hybrid Orthodontic Prosthetics
4.3. Technology Trends (2018-2023) and Forecasts (2024-2030) by Application Segments
4.3.1. Disabled Adults
4.3.1.1. Conventional
4.3.1.2. Electric Powered
4.3.1.3. Hybrid Orthodontic Prosthetics
4.3.2. Disabled Children
4.3.2.1. Conventional
4.3.2.2. Electric Powered
4.3.2.3. Hybrid Orthodontic Prosthetics

5. Technology Opportunities (2018-2030) by Region
5.1. Prosthetic Market by Region
5.2. North American Prosthetic Technology Market
5.2.1. United States Prosthetic Technology Market
5.2.2. Canadian Prosthetic Technology Market
5.2.3. Mexican Prosthetic Technology Market
5.3. European Prosthetic Technology Market
5.3.1. The United Kingdom Prosthetic Technology Market
5.3.2. German Automotive Prosthetic Technology Market
5.3.3. French Automotive Prosthetic Technology Market
5.4. APAC  Prosthetic Technology Market
5.4.1. Chinese Prosthetic System Technology Market
5.4.2. Japanese Prosthetic System Technology Market
5.4.3. Indian Prosthetic System Technology Market
5.4.4. South Korean Prosthetic Technology Market
5.5. ROW Prosthetic Technology Market

6. Latest Developments and Innovations in the Prosthetic Technologies

7. Companies / Ecosystem
7.1. Product Portfolio Analysis
7.2. Market Share Analysis
7.3. Geographical Reach

8. Strategic Implications
8.1. Implications
8.2. Growth Opportunity Analysis
8.2.1. Growth Opportunities for the Prosthetic Market by Technology Type
8.2.2. Growth Opportunities for the Prosthetic Market by Application
8.2.3. Growth Opportunities for the Prosthetic Market by Region
8.3. Emerging Trends in the Prosthetic Market
8.4. Disruption Potential
8.5. Strategic Analysis
8.5.1. New Product Development
8.5.2. Capacity Expansion of the Prosthetic Market
8.5.3. Mergers, Acquisitions, and Joint Ventures in the Prosthetic Market

9. Company Profiles of Leading Players
9.1. Smith and Nephew
9.2. Zimmer Holdings
9.3. Stryker
9.4. Otto Bock HealthCare
9.5. Blatchford
9.6. Touch Bionics
9.7. Biomet

.

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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
  • In-depth interviews of the major players in this market
  • Detailed secondary research from competitors’ financial statements and published data 
  • Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
  • A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
 
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process. 
 

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