SEATTLE, May 21, 2021, (MEDGADGET) — Global Intelligent Prosthetic Market
An artificial medical device that replaces the missing body part in the event of an injury, disease, trauma, or birth defect is called a prosthetic implant. Intelligent prosthetics use brain interfacing and human nervous system to improve movements with comfort and precision. These medical implants use a combination of human muscles and mechanical devices to act as a supplementary limb. They are manufactured using CAD (computer aided design), a software that help design and analyze the creation in 3D.
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The COVID-19 pandemic has placed an economic burden on the healthcare sector and has also restrained the global intelligent prosthetic market growth in several ways. An individual with prosthetic has to maintain hygiene as they are vulnerable to infections, while some amputees have appointment with doctor for regular checking, but due to the pandemic clinics have cancelled the appointments and allowed only vulnerable patients. Thus, individuals are facing problems in regular checking of their prosthetics.
Increasing focus of medical device companies on research and development is expected to drive the global intelligent prosthetic market growth over the forecast period. For instance, Blatchford, in 2016,developed the first integrated robotic control foot and knee prosthetic that works as human leg according to impulse generated by human nervous system for movement.
Amputees require more energy and concentration to perform daily activities, and can experience severe back pain due to prosthetic weight. Moreover, difference in leg mass ratio in leg prosthetics and normal leg causes asymmetry in leg kinetics. The aforementioned factors are expected to hamper growth of the global intelligent prosthetic market.
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By Product Type:
- Lower Limbs
- Upper Limbs
By End User:
- Rehabilitation Centers
- Latin America
- North America
- Asia Pacific
- Middle East
North America is expected to witness significant growth in global intelligent prosthetic market owing to the advancements in the prosthetics and increase in research and development to develop intelligent prosthetics. For instance, the University of Utah (US), in 2019, developed leg prosthetic prototype that works according to the user, and increases power and provide balance while walking. Moreover, Chalmers University of Technology, in 2019, implanted the first intelligent prosthetic of hand that can feel and sense things.
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Major players active in the global intelligent prosthetics market are Open Bionics, US Bionics, Inc., Intelligent Prosthetic Systems, Ekso Bionics Holdings Inc., Blatchford, LLC, and Touch Bionics.
In 2019, the Swiss research institute, Ecole Polytechnique Federale De Lausanne developed an artificial intelligence based hand prosthetic that works according to the user’s finger movement.
In 2018, the Massachusetts Institute of Technology (MIT) developed a low-cost foot prosthetic that can be customized according to the size and weight of an individual, and is affordable for rural populations in India and other developing countries.
Table of Content
Global Intelligent Prosthetic Market Research Report
Section 1: Global Intelligent Prosthetic Industry Overview
Section 2: Global Economic Impact on Intelligent Prosthetic Industry
Section 3: Global Market Competition by Industry Producers
Section 4: Global Productions, Revenue (Value), according to Regions
Section 5: Global Supplies (Production), Consumption, Export, Import, geographically
Section 6: Global Productions, Revenue (Value), Price Trend, Product Type
Section 7: Global Market Analysis, on the basis of Application
Section 8: Intelligent Prosthetic Market Pricing Analysis
Section 9: Market Chain, Sourcing Strategy, and Downstream Buyers
Section 10: Strategies and key policies by Distributors/Suppliers/Traders
Section 11: Key Marketing Strategy Analysis, by Market Vendors
Section 12: Market Effect Factors Analysis
Section 13: Global Intelligent Prosthetic Market Forecast
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