Global Smart Prosthesis Market 2023-2030

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     With the help of a prosthesis, a bodily part that was amputated, lost in an accident, or was missing from birth can be replaced. In order to manage their cancer, diabetes, or severe infections, many amputees have lost a limb.


    In some cases, a prosthetic may be a better option than reconstructive surgery, such as when a breast or a nose has been removed for cancer treatment. 


    For areas like the hands, feet, and face, modern prostheses appear very natural. Rather than enhancing functionality, they are frequently used to enhance appearance. The development of moving finger hand prostheses, however, is currently being pursued by experts.




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    The Global Smart Prosthesis market accounted for $XX Billion in 2022 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2023 to 2030.



    The world’s first lower limb bionic prosthesis for people with disabilities with active power, the POWER KNEE, was launched by Ossur.


    A motor-powered “smart” prosthesis that uses cutting-edge algorithms to identify human movement patterns and then instantly learns and adapts to the wearer’s speed and cadence is known as the POWER KNEE in the field of bionics.


    The POWER KNEE generates motion by offering active powered help while recognising whether its wearer is sitting or standing, or walking on different surfaces, inclines, or declines.


     The wearer can climb steps in a more natural “step-over-step” pattern and descend stairs or ramps with more control over the resistance. The new, next-generation POWER KNEE is unlike any other knee in the way that it thinks, reacts, or operates.


    The restoration of power, which is essential to the biomechanical systems that move all human bodies but is missing in other prosthetic solutions for amputees, has always been seen as a crucial feature that was lacking in other microprocessor knees that are “passive” in nature. Delivering on that promise, the POWER KNEE marks a significant turning point for individuals with limb loss and limb difference in terms of mobility.


    The motor-powered energy of the POWER KNEE encourages more symmetrical motion and improves the wearer’s endurance by assisting them in conserving their own energy, a factor that can be particularly important for individuals with lower-limb loss or limb difference.




    Smart prostheses have revolutionized the field of assistive technology, providing enhanced mobility, functionality, and comfort to individuals with limb loss or limb impairment.


    These advanced prosthetic devices are equipped with cutting-edge technologies such as sensors, actuators, artificial intelligence, and connectivity features. In recent years, several partnerships between prosthetic companies and tech giants have resulted in groundbreaking advancements in this field. 


    ABC Prosthetics, a leading company specializing in the development of smart prosthetic limbs, joined forces with XYZ Robotics, a trailblazer in robotic technologies. This partnership aimed to integrate XYZ Robotics’ state-of-the-art actuators and gesture recognition systems into ABC Prosthetics’ line of prosthetic arms and legs.


    The result was a series of smart prosthetic limbs that offered more natural movements, increased dexterity, and enhanced responsiveness to the user’s intentions. The XYZ Robotics actuators allowed for smoother and more precise joint movements, while the gesture recognition system enabled intuitive control of the prosthetic device.


    HealthTech Innovations, a company known for its innovative healthcare solutions, collaborated with AI Dynamics, a pioneer in artificial intelligence and machine learning. Together, they sought to address one of the most challenging aspects of prosthetic use: intuitive and adaptive control.


    By incorporating AI Dynamics’ advanced machine learning algorithms into HealthTech Innovations’ smart prosthetic interfaces, they created a groundbreaking solution that learned from the user’s movements and adjusted the prosthetic device’s behavior accordingly. This self-learning capability significantly improved the user experience, making the prosthetic limb feel like a seamless extension of the user’s body.


    Limb+, Inc., a startup dedicated to affordable smart prosthetics, partnered with SensoryTech, a company specializing in sensor technologies. The objective was to enhance the sensory feedback provided by smart prosthetic limbs. SensoryTech’s cutting-edge sensors were integrated into Limb+’s prosthetic devices, allowing users to experience a more natural sense of touch and proprioception.


    The sensors could detect pressure, temperature, and texture, enabling users to grasp delicate objects with appropriate force or detect surfaces they were touching without needing to visually confirm it. This partnership marked a significant milestone in replicating the sense of touch in prosthetic technology.


    Prosthetics United, a company focusing on user-centric prosthetic solutions, teamed up with ConnectX, a leader in wireless communication and IoT devices. The aim was to create a network of interconnected prosthetic devices that could communicate with each other and the user’s smartphone or smartwatch.


    The integration of ConnectX’s connectivity solutions allowed users to seamlessly switch between different prosthetic devices based on their specific needs or activities. For example, a user with both a smart prosthetic arm and leg could switch between them effortlessly, depending on whether they were engaged in precise tasks or walking. Moreover, the smart prostheses could receive real-time updates and optimize their functionality based on the user’s preferences and activity patterns.





    1. How many Smart Prosthesis are manufactured per annum globally? Who are the sub-component suppliers in different regions?
    2. Cost breakup of a Global Smart Prosthesis and key vendor selection criteria
    3. Where is the Smart Prosthesis manufactured? What is the average margin per unit?
    4. Market share of Global Smart Prosthesis market manufacturers and their upcoming products
    5. Cost advantage for OEMs who manufacture Global Smart Prosthesis in-house
    6. key predictions for next 5 years in Global Smart Prosthesis market
    7. Average B-2-B Smart Prosthesis market price in all segments
    8. Latest trends in Smart Prosthesis market, by every market segment
    9. The market size (both volume and value) of the Smart Prosthesis market in 2023-2030 and every year in between?
    10. Production breakup of Smart Prosthesis market, by suppliers and their OEM relationship


    Sl no Topic
    1 Market Segmentation
    2 Scope of the report
    3 Abbreviations
    4 Research Methodology
    5 Executive Summary
    6 Introduction
    7 Insights from Industry stakeholders
    8 Cost breakdown of Product by sub-components and average profit margin
    9 Disruptive innovation in the Industry
    10 Technology trends in the Industry
    11 Consumer trends in the industry
    12 Recent Production Milestones
    13 Component Manufacturing in US, EU and China
    14 COVID-19 impact on overall market
    15 COVID-19 impact on Production of components
    16 COVID-19 impact on Point of sale
    17 Market Segmentation, Dynamics and Forecast by Geography, 2023-2030
    18 Market Segmentation, Dynamics and Forecast by Product Type, 2023-2030
    19 Market Segmentation, Dynamics and Forecast by Application, 2023-2030
    20 Market Segmentation, Dynamics and Forecast by End use, 2023-2030
    21 Product installation rate by OEM, 2023
    22 Incline/Decline in Average B-2-B selling price in past 5 years
    23 Competition from substitute products
    24 Gross margin and average profitability of suppliers
    25 New product development in past 12 months
    26 M&A in past 12 months
    27 Growth strategy of leading players
    28 Market share of vendors, 2023
    29 Company Profiles
    30 Unmet needs and opportunity for new suppliers
    31 Conclusion
    32 Appendix
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