World Robotics Prosthetics Market Analysis, Industry Demand, Scope, Future Growth and Business Prospect by Forecast to 2030
According to the latest reports, the Robotics Prosthetics
Market is predicted to reach USD 3.1 Billion by the end of the year 2030, by
registering a CAGR of 6.40% during the forecast period 2022-2030.
The Robotics
Prosthetics Market is expected to expand in the coming years as a result of
factors such as rising demand for medical sensors and monitoring devices in
healthcare, advancements in diagnostic methods, and increased medical smart
textile research and development. The increasing burden of diseases, extensive
use of medical wearable devices, and developed methods of diagnosis are the
major factors driving the global medical smart textile products market. Another
major factor driving the global Robotics Prosthetics Market is the increasing
prevalence of chronic diseases such as congestive heart failure and diabetes,
as well as associated symptoms such as pain and stress.
Robotics Prosthetics Market Overview and Analysis by Technology, by
Application, by End User and by Region (Americas, Europe, Asia-Pacific and the
Middle East & Africa) - Forecast till 2030.
The major factor
driving the global Robotics Prosthetics Market growth is the growing advances
in the technological field of the electronic sector to minimize the size of
components such as controls, sensors, and batteries in order to provide a
simple amalgamation of electronics with textile. Another major driving factor
boosting demand for the Robotics Prosthetics Market is the growing trend for
sophisticated gadgets that include various additional features such as reacting
and sensing to environmental sources such as thermal, magnetic, mechanical,
chemical, and electrical.
The global pandemic
has had an impact on a variety of industries, and it is expected to have a
long-term impact on the medical smart textile industry's development over the
forecast period. However, the rising number of cases of covid 19 around the
world has boosted demand for medical smart textiles, which have a sensor that
detects physiological changes in the human body.
The high cost of
medical smart textiles, on the other hand, is likely to stymie the global Robotics
Prosthetics Market's expansion.
Major Key
Players:
Global Robotics Prosthetics Market players are— 3teks
(Turkey), Camira Fabrics (UK), Pireta (England), Gentherm (US), Vista Medical
Ltd (Canada), Schoeller Switzerland (Switzerland), Sensoria Inc. (US), Siren
(California), AiQ Smart Clothing (China), and Carre Technologies Inc. (Canada).
Segment Analysis
The Robotics
Prosthetics Market Research Report, based on technology, has been
segregated into wearable technology, textile sensors, and others.
Based on the
application, the market is segmented into bio-monitoring surgery, therapy,
surgery, and wellness, and others.
Based on the
propulsion types, the market is segmented into hospitals and clinics, and
others.
Regional Analysis
According to the research, on the
basis of regions, the global Robotics Prosthetics Market has been segmented
into the Americas, Europe, Asia Pacific, and the Middle East & Africa.
Because of the extensive use of
medical devices in this area, the Americas currently hold the largest share of
the global Robotics Prosthetics Market. Furthermore, the applications used in
medical engineering to track vital health indicators are driving up demand for
smart textile in this area. Due to increased government spending to support the
healthcare sector in this area, Europe holds the second-largest share of the
global Robotics Prosthetics Market.
The Asia Pacific region is
expected to be the fastest-growing region in the global Robotics Prosthetics
Market, owing to its high demand for high-tech medical devices and rising
demand for the use of technology in the early detection of diseases, which is
fueling the market's growth.
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