Global Motorized Prosthesis Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Type;

Passive, Active, and Hybrid.

By End-user;

Hospitals, Orthopedic Clinics and Trauma Centers.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn183813925 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Motorized Prosthesis Market (USD Million), 2021 - 2031

In the year 2024, the Global Motorized Prosthesis Market was valued at USD 79.88 million. The size of this market is expected to increase to USD 169.13 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 11.3%.

The integration of modernized medical equipment and increased investment from both public and private sectors within the healthcare industry has accelerated the adoption of motorized prostheses. Electric arm prostheses and motorized counterparts offer significant advancements in patient treatment, catering to individuals affected by limb loss or limb differences. This represents a notable stride forward within advanced healthcare systems, where such innovations signify small yet impactful developments in improving patient care and quality of life.

Body-powered prostheses operate through a system of cables or attachments controlled by the user's movements, often utilizing signals from muscles to translate into specific actions. While body-powered options offer durability and functionality in rugged environments, motorized prostheses are increasingly favored for their smoother operation and affordability. The practicality and cost-effectiveness of motorized systems drive their demand, particularly as advancements in healthcare equipment aim to address the needs of individuals affected by accidents or nerve-related diseases. Additionally, innovations such as custom silicon restorations and multi-positional joints in passive prostheses further enhance functionality and user experience, signaling a transformative shift in the prosthetics market towards more personalized and functional solutions.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Type
    2. Market Snapshot, By End-user
    3. Market Snapshot, By Region
  4. Global Motorized Prosthesis Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Advancements in Prosthetic Technology
        2. Growing Amputee Population
        3. Focus on Patient-Centric Care
        4. Government Initiatives and Funding
        5. Increasing Awareness and Acceptance
      2. Restraints
        1. High Cost of Technology
        2. Insurance Coverage Limitations
        3. Technical Complexity and Maintenance
        4. Limited Access to Rehabilitation Services
        5. Concerns Regarding Long-Term Durability
      3. Opportunities
        1. Expansion into Emerging Markets
        2. Customization and Personalization
        3. Integration of Artificial Intelligence (AI) and Machine Learning
        4. Telehealth and Remote Monitoring
        5. Collaborations and Partnerships
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. Porter's Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of Substitutes
      4. Threat of New Entrants
      5. Competitive Rivalry
  5. Market SegmentationCompetitive Landscape
    1. Global Motorized Prosthesis Market, By Type, 2021 - 2031 (USD Million)
      1. Passive
      2. Active
      3. Hybrid
    2. Global Motorized Prosthesis Market, By End-user, 2021 - 2031 (USD Million)
      1. Hospitals
      2. Orthopedic Clinics
      3. Trauma Centers
    3. Global Motorized Prosthesis Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Advanced Arm Dynamics
      2. Bionic Prosthetics and Orthotics
      3. BionX Medical Technologies, Inc
      4. Faulhaber Group
      5. Freedom Innovations
      6. LLC
      7. Mobius Bionics LLC
      8. Otto Bock HealthCare GmbH
  7. Analyst Views
  8. Future Outlook of the Market