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Motorized Prosthesis Market Outlook (2022 to 2032)

The global motorized prosthesis market is set to expand its roots at a strong CAGR of 14.4% between 2022 and 2032. The market is anticipated to reach US$ 139.4 Million by 2032, up from US$ 31.9 Million in 2022.

Report Attribute Details
Motorized Prosthesis Market Value (2022) US$ 31.9 Million
Motorized Prosthesis Market Anticipated Value (2032) US$ 139.4 Million
Motorized Prosthesis Projected Growth Rate (2032) 14.2%

The modernized medical gear and increased investment of the public and private sectors in the healthcare sector have led to the adoption of the motorized prosthesis. Electric arm prostheses and motorized prostheses help the treatment of affected patients. This is one of the small developments that have happened lately in the advanced healthcare systems.

Body-powered prosthesis works as a system of cables or attachments to control the limb. Ultimately, the end user operates and controls the prosthetic arm through other parts of your body, such as elbows, chest, and shoulders. This has happened due to the electrical signals obtained from the muscles. Further, it is translated those signals into movements.

Another factor driving the sales of the motorized prosthesis is how body-powered arm prostheses make for a better device, as it works smoothly in more rugged environments and is ideal for getting specific tasks done. While it is a professional choice, motorized prostheses are a practical option as they tend to be more pocket-friendly than myoelectric options. This fuels the demand for motorized prosthesis systems.

FMI’s research report on motorized prostheses explains that a higher number of accidents and other nerve diseases have led to the sales of motorized prosthesis systems, while it also pushes the healthcare equipment industry giants to adopt new methods that can further help these patients. Limb alignment therapy is another option, but its high cost has led people to adopt motorized prostheses.

The new custom silicon restorations that perfectly match your skin, hair, and other parts of your body have become the first option for people. By including multi-positional joints in a passive prosthesis, the wearer can use their sound hand to position the shoulder, elbow, wrist, or fingers of the prosthesis to make it easier for them to hold or carry something. Other than this, products like naked prosthetics grip locks or auto spring-based point designs have revolutionized the prosthesis market as we see it.

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What are the Major Drivers and Restraints for Motorized Prosthesis?

Drivers:

A global study on motorized prosthesis suggests that a rising healthcare budget along with a higher number of research and development programs regarding prosthesis parts, deployment, and their development have fuelled the sales of motorized prosthesis objects. Another factor driving the motorized prosthesis market is the government's investment and interest in building a strong healthcare system that can help people with disabilities.

Restraints:

Due to batteries and motors, motorized prosthetics are likely to be heavier when compared with a body-powered prosthesis and therefore restrain the growth of the motorized prosthetics market. Moreover, the presence of batteries and motors makes them heavier than a body-powered prosthesis, further hampering the motorized prosthesis market growth.

The light bod-based prosthesis systems are only suitable for people who have strength in their core muscles. Motorized systems are designed for people whose muscle strength is low and who are recovering slowly.

Regional Landscape

How is North America Motorized Prosthesis Market Performing?

Dominating the market space, North America is likely to hold the largest share of 49.5% in 2022. There are several factors driving the growth of the motorized prosthesis market. Factors such as technological advancements and rising research and development expenditures to support affected patients are driving the growth of the motorized prosthesis market. NGOs working for the betterment of differently-abled people also consume a good amount of the global motorized prosthesis market. Increasing healthcare infrastructure, along with the growth in IT infrastructure, is also driving motorized prosthesis market growth.

How’s European Motorized Prosthesis Market performing?

In Western Europe, healthcare infrastructure and access to advanced technology are more developed, contributing to a market share of 29.7% in 2022. Furthermore, government support, favorable reimbursement policies, and a high disposable income are driving the motorized prosthesis market. New healthcare policies covering prosthesis equipment and their fulfillment in the state healthcare units have fueled the sales of motorized prosthesis systems.

The market in Asia-Pacific is forecast to grow at the fastest rate due to consistent technological advancements and increased Research and Development investment by both private and public organizations.

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Sabyasachi Ghosh

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Start-up Analysis

The motorized prosthesis market survey explains that with large companies in the industry and ongoing Research and Development, the prosthetic limb market has become highly competitive. Various companies make both upper and lower-extremity prosthetics. An amputee can hold objects much more efficiently with Steeper's thermoelectric system, which includes an easy-to-use Myo Kinisi hand along with an auto grip function:

  • Arm Dynamics
  • Bionic Prosthetics
  • Orthotics
  • BionX Medical Technologies, Inc.
  • Faulhaber Group
  • Freedom Innovations, LLC
  • Mobius Bionics LLC
  • Össur hf.
  • Otto Bock HealthCare GmbH
  • Sensars Neuroprosthteics
  • Touch Bionics Inc.

Competitive Scenario

Due to the higher number of big healthcare giants trying their luck in the prosthetics market, the motorized prosthesis market share is highly competitive. Key manufacturers are coming up with multiple solutions for differently abled people. From electric prostheses to body-powered prosthetics and electric arm prostheses are the latest by-products of innovation-driven Research and Development programs.

Key Market Developments:

  • In 2022, Advanced Arm Dynamics have launched its early prosthetic fitting program, helping children with upper limb absence. The brand also provides constraint treatment support.
  • In 2021, bionic prosthetics introduced its neurobotic sensory-motor arm that restores natural behavior with intuitive motor control, touch, and grip.

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Key Players

  • Advanced Arm Dynamics
  • Bionic Prosthetics
  • Orthotics
  • BionX Medical Technologies, Inc.
  • Faulhaber Group
  • Freedom Innovations, LLC
  • Mobius Bionics LLC
  • Össur hf
  • Otto Bock HealthCare GmbH
  • Sensars Neuroprosthteics
  • Touch Bionics Inc.

Report Scope

Report Attribute Details
Growth Rate CAGR of 14.4% from 2022 to 2032
The base year for estimation 2021
Historical data 2017 to 2021
Forecast period 2022 to 2032
Quantitative units Revenue in USD million and CAGR from 2022 to 2032
Report Coverage Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis
Segments Covered Target Population, End-User, and Region.
Regional scope North America; Western Europe, Eastern Europe, Middle East, Africa, ASEAN, South Asia, Rest of Asia, Australia, and New Zealand
Country scope USA; Canada; Mexico; Germany; United Kingdom; France; Italy; Spain; Russia; Belgium; Poland; Czech Republic; China; India; Japan; Australia; Brazil; Argentina; Colombia; Saudi Arabia; United Arab Emirates(UAE); Iran; South Africa
Key companies profiled
  • Advanced Arm Dynamics
  • Bionic Prosthetics and Orthotics
  • BionX Medical Technologies, Inc.
  • Faulhaber Group
  • Freedom Innovations
  • LLC
  • Mobius Bionics LLC
  • Össur hf.
  • Otto Bock HealthCare GmbH
  • Sensars Neuroprosthteics,
  • Touch Bionics Inc.
Customization scope Free report customization (equivalent to up to 8 analysts' working days) with purchase. Addition or alteration to country, regional & segment scope.
Pricing and purchase options Avail customized purchase options to meet your exact research needs.

Key Segments

By Target Population:

  • Pediatric
  • Adult

By End-User:

  • Optics and Hospitals
  • Orthopedic Clinics
  • Trauma Centers

By Region:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • Asia-Pacific
  • Japan
  • Middle East and Africa

Frequently Asked Questions

How much CAGR can be Estimated for the Motorized Prosthesis Market?

The motorized prosthesis market is likely to project a CAGR of 14.4% during the forecast period.

What is the Major Restraint of the Motorized Prosthesis Market?

Better alternatives with lighter material and high power are hampering the sales of motorized prosthesis tools.

What will be the Size of the Motorized Prosthesis Market by 2032?

By 2032, the market is likely to grow to a revenue of US$ 139.4 Million.

Table of Content

1. Executive Summary | Motorized Prosthesis Market

    1.1. Global Market Outlook

    1.2. Demand-side Trends

    1.3. Supply-side Trends

    1.4. Technology Roadmap Analysis

    1.5. Analysis and Recommendations

2. Market Overview

    2.1. Market Coverage / Taxonomy

    2.2. Market Definition / Scope / Limitations

3. Market Background

    3.1. Market Dynamics

        3.1.1. Drivers

        3.1.2. Restraints

        3.1.3. Opportunity

        3.1.4. Trends

    3.2. Scenario Forecast

        3.2.1. Demand in Optimistic Scenario

        3.2.2. Demand in Likely Scenario

        3.2.3. Demand in Conservative Scenario

    3.3. Opportunity Map Analysis

    3.4. Investment Feasibility Matrix

    3.5. PESTLE and Porter’s Analysis

    3.6. Regulatory Landscape

        3.6.1. By Key Regions

        3.6.2. By Key Countries

    3.7. Regional Parent Market Outlook

4. Global Market Analysis 2017 to 2021 and Forecast, 2022 to 2032

    4.1. Historical Market Size Value (US$ Million) Analysis, 2017 to 2021

    4.2. Current and Future Market Size Value (US$ Million) Projections, 2022 to 2032

        4.2.1. Y-o-Y Growth Trend Analysis

        4.2.2. Absolute $ Opportunity Analysis

5. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Target Population

    5.1. Introduction / Key Findings

    5.2. Historical Market Size Value (US$ Million) Analysis By Target Population, 2017 to 2021

    5.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By Target Population, 2022 to 2032

        5.3.1. Pediatric

        5.3.2. Adult

    5.4. Y-o-Y Growth Trend Analysis By Target Population, 2017 to 2021

    5.5. Absolute $ Opportunity Analysis By Target Population, 2022 to 2032

6. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By End User

    6.1. Introduction / Key Findings

    6.2. Historical Market Size Value (US$ Million) Analysis By End User, 2017 to 2021

    6.3. Current and Future Market Size Value (US$ Million) Analysis and Forecast By End User, 2022 to 2032

        6.3.1. Hospitals

        6.3.2. Orthopedic Clinics

        6.3.3. Trauma Centers

    6.4. Y-o-Y Growth Trend Analysis By End User, 2017 to 2021

    6.5. Absolute $ Opportunity Analysis By End User, 2022 to 2032

7. Global Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Region

    7.1. Introduction

    7.2. Historical Market Size Value (US$ Million) Analysis By Region, 2017 to 2021

    7.3. Current Market Size Value (US$ Million) Analysis and Forecast By Region, 2022 to 2032

        7.3.1. North America

        7.3.2. Latin America

        7.3.3. Europe

        7.3.4. Asia Pacific

        7.3.5. Middle East and Africa(MEA)

    7.4. Market Attractiveness Analysis By Region

8. North America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    8.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    8.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        8.2.1. By Country

            8.2.1.1. USA

            8.2.1.2. Canada

        8.2.2. By Target Population

        8.2.3. By End User

    8.3. Market Attractiveness Analysis

        8.3.1. By Country

        8.3.2. By Target Population

        8.3.3. By End User

    8.4. Key Takeaways

9. Latin America Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    9.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    9.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        9.2.1. By Country

            9.2.1.1. Brazil

            9.2.1.2. Mexico

            9.2.1.3. Rest of Latin America

        9.2.2. By Target Population

        9.2.3. By End User

    9.3. Market Attractiveness Analysis

        9.3.1. By Country

        9.3.2. By Target Population

        9.3.3. By End User

    9.4. Key Takeaways

10. Europe Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    10.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    10.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        10.2.1. By Country

            10.2.1.1. Germany

            10.2.1.2. United Kingdom

            10.2.1.3. France

            10.2.1.4. Spain

            10.2.1.5. Italy

            10.2.1.6. Rest of Europe

        10.2.2. By Target Population

        10.2.3. By End User

    10.3. Market Attractiveness Analysis

        10.3.1. By Country

        10.3.2. By Target Population

        10.3.3. By End User

    10.4. Key Takeaways

11. Asia Pacific Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    11.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    11.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        11.2.1. By Country

            11.2.1.1. China

            11.2.1.2. Japan

            11.2.1.3. South Korea

            11.2.1.4. Rest of Asia Pacific

        11.2.2. By Target Population

        11.2.3. By End User

    11.3. Market Attractiveness Analysis

        11.3.1. By Country

        11.3.2. By Target Population

        11.3.3. By End User

    11.4. Key Takeaways

12. MEA Market Analysis 2017 to 2021 and Forecast 2022 to 2032, By Country

    12.1. Historical Market Size Value (US$ Million) Trend Analysis By Market Taxonomy, 2017 to 2021

    12.2. Market Size Value (US$ Million) Forecast By Market Taxonomy, 2022 to 2032

        12.2.1. By Country

            12.2.1.1. GCC Countries

            12.2.1.2. South Africa

            12.2.1.3. Israel

            12.2.1.4. Rest of Middle East and Africa(MEA)

        12.2.2. By Target Population

        12.2.3. By End User

    12.3. Market Attractiveness Analysis

        12.3.1. By Country

        12.3.2. By Target Population

        12.3.3. By End User

    12.4. Key Takeaways

13. Key Countries Market Analysis

    13.1. USA

        13.1.1. Pricing Analysis

        13.1.2. Market Share Analysis, 2021

            13.1.2.1. By Target Population

            13.1.2.2. By End User

    13.2. Canada

        13.2.1. Pricing Analysis

        13.2.2. Market Share Analysis, 2021

            13.2.2.1. By Target Population

            13.2.2.2. By End User

    13.3. Brazil

        13.3.1. Pricing Analysis

        13.3.2. Market Share Analysis, 2021

            13.3.2.1. By Target Population

            13.3.2.2. By End User

    13.4. Mexico

        13.4.1. Pricing Analysis

        13.4.2. Market Share Analysis, 2021

            13.4.2.1. By Target Population

            13.4.2.2. By End User

    13.5. Germany

        13.5.1. Pricing Analysis

        13.5.2. Market Share Analysis, 2021

            13.5.2.1. By Target Population

            13.5.2.2. By End User

    13.6. United Kingdom

        13.6.1. Pricing Analysis

        13.6.2. Market Share Analysis, 2021

            13.6.2.1. By Target Population

            13.6.2.2. By End User

    13.7. France

        13.7.1. Pricing Analysis

        13.7.2. Market Share Analysis, 2021

            13.7.2.1. By Target Population

            13.7.2.2. By End User

    13.8. Spain

        13.8.1. Pricing Analysis

        13.8.2. Market Share Analysis, 2021

            13.8.2.1. By Target Population

            13.8.2.2. By End User

    13.9. Italy

        13.9.1. Pricing Analysis

        13.9.2. Market Share Analysis, 2021

            13.9.2.1. By Target Population

            13.9.2.2. By End User

    13.10. China

        13.10.1. Pricing Analysis

        13.10.2. Market Share Analysis, 2021

            13.10.2.1. By Target Population

            13.10.2.2. By End User

    13.11. Japan

        13.11.1. Pricing Analysis

        13.11.2. Market Share Analysis, 2021

            13.11.2.1. By Target Population

            13.11.2.2. By End User

    13.12. South Korea

        13.12.1. Pricing Analysis

        13.12.2. Market Share Analysis, 2021

            13.12.2.1. By Target Population

            13.12.2.2. By End User

    13.13. GCC Countries

        13.13.1. Pricing Analysis

        13.13.2. Market Share Analysis, 2021

            13.13.2.1. By Target Population

            13.13.2.2. By End User

    13.14. South Africa

        13.14.1. Pricing Analysis

        13.14.2. Market Share Analysis, 2021

            13.14.2.1. By Target Population

            13.14.2.2. By End User

    13.15. Israel

        13.15.1. Pricing Analysis

        13.15.2. Market Share Analysis, 2021

            13.15.2.1. By Target Population

            13.15.2.2. By End User

14. Market Structure Analysis

    14.1. Competition Dashboard

    14.2. Competition Benchmarking

    14.3. Market Share Analysis of Top Players

        14.3.1. By Regional

        14.3.2. By Target Population

        14.3.3. By End User

15. Competition Analysis

    15.1. Competition Deep Dive

        15.1.1. Advanced Arm Dynamics

            15.1.1.1. Overview

            15.1.1.2. Product Portfolio

            15.1.1.3. Profitability by Market Segments

            15.1.1.4. Sales Footprint

            15.1.1.5. Strategy Overview

                15.1.1.5.1. Marketing Strategy

        15.1.2. Bionic Prosthetics and Orthotics

            15.1.2.1. Overview

            15.1.2.2. Product Portfolio

            15.1.2.3. Profitability by Market Segments

            15.1.2.4. Sales Footprint

            15.1.2.5. Strategy Overview

                15.1.2.5.1. Marketing Strategy

        15.1.3. BionX Medical Technologies

            15.1.3.1. Overview

            15.1.3.2. Product Portfolio

            15.1.3.3. Profitability by Market Segments

            15.1.3.4. Sales Footprint

            15.1.3.5. Strategy Overview

                15.1.3.5.1. Marketing Strategy

        15.1.4. Faulhaber Group

            15.1.4.1. Overview

            15.1.4.2. Product Portfolio

            15.1.4.3. Profitability by Market Segments

            15.1.4.4. Sales Footprint

            15.1.4.5. Strategy Overview

                15.1.4.5.1. Marketing Strategy

        15.1.5. Freedom Innovations

            15.1.5.1. Overview

            15.1.5.2. Product Portfolio

            15.1.5.3. Profitability by Market Segments

            15.1.5.4. Sales Footprint

            15.1.5.5. Strategy Overview

                15.1.5.5.1. Marketing Strategy

        15.1.6. Mobius Bionics LLC

            15.1.6.1. Overview

            15.1.6.2. Product Portfolio

            15.1.6.3. Profitability by Market Segments

            15.1.6.4. Sales Footprint

            15.1.6.5. Strategy Overview

                15.1.6.5.1. Marketing Strategy

        15.1.7. Össur hf

            15.1.7.1. Overview

            15.1.7.2. Product Portfolio

            15.1.7.3. Profitability by Market Segments

            15.1.7.4. Sales Footprint

            15.1.7.5. Strategy Overview

                15.1.7.5.1. Marketing Strategy

        15.1.8. Otto Bock HealthCare GmbH

            15.1.8.1. Overview

            15.1.8.2. Product Portfolio

            15.1.8.3. Profitability by Market Segments

            15.1.8.4. Sales Footprint

            15.1.8.5. Strategy Overview

                15.1.8.5.1. Marketing Strategy

        15.1.9. Sensars Neuroprosthteics

            15.1.9.1. Overview

            15.1.9.2. Product Portfolio

            15.1.9.3. Profitability by Market Segments

            15.1.9.4. Sales Footprint

            15.1.9.5. Strategy Overview

                15.1.9.5.1. Marketing Strategy

16. Assumptions & Acronyms Used

17. Research Methodology

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