What is Smart Prosthesis?
Prosthetic devices have considerably enhanced mobility and quality of life for amputees. Substantial engineering advancements have been made in artificial limb biomechanics, joint control systems, and light-weight materials with the implementation of AI. One of the problem face with their artificial limbs is a poor-fitting socket. The prosthetic limb is prepared with numerous sensors to measure the kinematic and kinetic parameters of both prosthetic limbs. This prosthetic limb is designed to be back-drivable in passive mode to provide a potential use in energy regeneration when there negative energy across the joint.
The market study is broken down, by Application (Upper Limb and Lower Limb) and major geographies with country level break-up.
The companies are exploring the market by adopting mergers & acquisitions, expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions to avail a competitive advantage through combined synergies. Research Analyst at AMA estimates that United States Players will contribute to the maximum growth of Global Smart Prosthesis market throughout the predicted period.
Bioparx Health Technology (Argentina), HDT Global (United States), SynTouch (United States), Össur (Iceland), Open Bionics (United Kingdom), Motion Control, Inc. (United States), DEKA Research (United States), Steeper (United Kingdom), Ottobock (Germany) and Cyberkinetics (United States) are some of the key players that are part of study coverage.
AdvanceMarketAnalytics has segmented the market of Global Smart Prosthesis market by Type, Application and Region.
On the basis of geography, the market of Smart Prosthesis has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by End-Use, the sub-segment i.e. Hospital will boost the Smart Prosthesis market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
- Technological Advancement in Prosthesis like involvement of AI
- Rising Aging Population Leads to Boost the Cervical Disc Prosthesis Market
- Increasing adoption of Hand/Leg Limbs replacement
- Prevalence of Degenerative Discs Diseases
- High Cost Related to Smart Prosthesis
- Poor Fitting of the Limb Socket
Key Target AudienceManufacturers of Smart Prosthesis, Suppliers of Smart Prosthesis, Wholesalers, Distributors and Retailers of Smart Prosthesis, Healthcare Industry, Governmental Bodies and Others
About ApproachDuring this study the evaluation and validation of the market size is done through various sources including primary and secondary analysis. AMA Research & Media follows industrial and regulatory standards such as NAICS/SIC/ICB/TRCB, to have the better understanding of the market. The market study is conducted on basis of more than 200 companies dealing in the market regional as well as global areas with purpose to understand companys positioning regarding market value, volume and their market share for regional as well as global.
Further to bring relevance specific to any niche market we set and apply number of criteria like Geographic Footprints, Regional Segments of Revenue, Operational Centres, etc. The next step is to finalize a team (In-House + Data Agencies) who then starts collecting C & D level executives and profiles, Industry experts, Opinion leaders etc. and work towards appointment generation.
The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.
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