Intelligent Artificial Limb Market: Introduction

The market is thoroughly examined in the Intelligent Artificial Limb Market study over the course of the forecast period. The study includes a number of sections as well as an examination of the occasions and elements that are most likely to have a major impact in the future.

Intelligent Artificial Limb are tools that boost movement comfort and precision by interacting with the human nervous system and brain. Intelligent prostheses can move and function as an additional limb by utilising both mechanical components and human muscles. Computer-aided design (CAD), a programme that helps in developing and analysing the creation in 3-D images, is used in the production of intelligent prosthetics. Artificial limbs are a man-made replacement for a limb that has been amputated due to an injury, disease, congenital flaw, or other circumstance. Artificial limbs can now be designed and manufactured using computer-aided design (CAD) and computer-aided manufacturing (CAM), thanks to recent developments in biomedical engineering. A newer notion of artificial limbs has emerged as a result of robotics research combined with cutting-edge medical technology. Plastics, such as polyethylene, polypropylene, and polyurethane, as well as titanium, aluminium, carbon fibres, and many more, are often the raw materials utilised to create prosthetic limbs.

Intelligent Artificial Limb Market: Overview

Intelligent Artificial Limb Market size would reach US$ 630 million by 2025 and is expected to grow at a healthy CAGR of 6% between 2020 and 2025.

The market for prosthetic limbs is expected to experience a steady increase in investments and exponential advances over the next five to seven years. The acceptance rate of innovative prosthetic materials is significantly impacted by their soft and pliable character, which shields underlying flesh from lingering injury.

For amputees who want assistance walking but do not want to use a full-body mobility aid like a wheelchair or walking stick, the intelligent prosthetic is designed. Because of its artificial intelligence, it can precisely modify the user’s stride in order to offer the best amount of support and raise the likelihood that they will make a full recovery. Because of this, the device can be utilised by people who have whole spinal cord injuries, spinal stenosis, ruptured discs, and illnesses like diabetes that damage the muscles around the limbs. The six geographic areas that make up the worldwide intelligent prosthetics market are North America, Latin America, Europe, Asia Pacific, the Middle East, and Africa. Over the forecast period, the market for intelligent prosthetics is anticipated to expand significantly.  The number of coordinated efforts and financial approvals for exploration has significantly increased, according to companies in the intelligent artificial limb sector. It is projected that major industry players would enhance their R&D expenditures in order to offer new, sophisticated techniques used in the market.

Intelligent Artificial Limb Market: Growth Drivers

Due to increased prosthetic use, longer walking distances, and whole body movement, intelligent prosthetic systems are more effective and can give patients precise and comfortable movements. To increase their market share in the market for intelligent prosthetics on a worldwide scale, medical device makers are concentrating on research and development operations. For instance, a medical device company called Blatchford developed the first integrated robotic control prosthetic of the knee and foot in 2016. The prosthetic limb functions as a single unit in accordance with the movement impulses produced by the human neurological system. These elements are anticipated to propel the market for intelligent prosthetics worldwide.

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Intelligent Artificial Limb Market: Segmentation

key players:

• Blatchford
• Intelligent Prosthetic Systems
• Touch Bionics
• OpenBionics
• Ekso Bionics

By Type:

• Upper Limb
• Lower Limbs

By Application:

• Adult
• Children

By Regions:

• North America
• Europe
• China
• Japan
• Middle East and Africa
• South America
• India
• South Korea
• Southeast Asia
• Others

COVID-19 Impact:

The COVID-19 pandemic is anticipated to have a significant negative influence on the growth of the worldwide intelligent prosthetic market in two ways. Firstly, amputees who have lower limb prosthetics must keep those devices clean because they come into close contact with skin and are prone to infection. Second, amputees who wear prosthetics have appointments with clinics for routine checkups, but because of the epidemic, the clinics have scaled back on visits and are instead focusing on mainly vulnerable patients. Amputees must therefore deal with difficulties while monitoring their prosthetics on a regular basis.

FAQs:

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