Global Prosthetic Robot Arm Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By End-User;

Non-residential and Residential.

By Geography;

North America, Europe, Asia Pacific, Middle East and Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn094369214 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Prosthetic Robot Arm Market (USD Million), 2021 - 2031

In the year 2024, the Global Prosthetic Robot Arm Market was valued at USD 843.90 million. The size of this market is expected to increase to USD 1,994.97 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 13.1%.

The global prosthetic robot arm market is experiencing significant growth and innovation driven by advancements in robotics, materials science, and medical technology. Prosthetic robot arms, also known as bionic arms, are designed to replicate the functionality of human arms for individuals who have experienced limb loss or limb impairment due to injury or medical conditions. These devices are becoming increasingly sophisticated, offering improved dexterity, control, and integration with the human body.

One of the key drivers of growth in the prosthetic robot arm market is the rising prevalence of limb loss worldwide, primarily due to factors such as accidents, trauma, congenital disabilities, and diseases. As the global population continues to age and chronic conditions become more prevalent, the demand for advanced prosthetic solutions is expected to increase. Additionally, technological advancements, such as artificial intelligence (AI) and machine learning, are enabling prosthetic robot arms to adapt and learn user preferences and movements, leading to enhanced functionality and user experience.

Furthermore, the prosthetic robot arm market is witnessing significant investment and research initiatives from both public and private sectors. Governments, research institutions, and companies are collaborating to develop cutting-edge prosthetic technologies that offer greater mobility, comfort, and versatility for users. These efforts are driving the development of lightweight materials, advanced sensors, and intuitive control interfaces, making prosthetic robot arms more responsive and user-friendly than ever before.

Despite these advancements, challenges remain in the prosthetic robot arm market, including high costs, accessibility issues, and the need for improved reimbursement policies. Addressing these challenges will be crucial for ensuring that advanced prosthetic technologies are accessible to all individuals who require them. Nevertheless, with ongoing innovation and collaboration, the prosthetic robot arm market is poised for continued growth, offering new hope and opportunities for individuals with limb loss or impairment to regain independence and quality of life.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By End-User
    2. Market Snapshot, By Region
  4. Global Prosthetic Robot Arm Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Demand led growth
        2. Supply led growth
        3. External factors
      2. Restraints
      3. Opportunities
        1. Demand shift in adjacent markets

        2. Inflation

        3. Shift from lower to higher-priced units

    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 Segmentation
    1. Global Prosthetic Robot Arm Market, By End-User, 2021 - 2031 (USD Million)
      1. Non-residential
      2. Residential
    2. Global Prosthetic Robot Arm 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. 3M Co.
      2. Camfil AB
      3. Daikin Industries Ltd.
      4. Donaldson Co. Inc.
      5. FläktGroup
      6. Koninklijke Philips NV
      7. Lennox International Inc.
      8. MANN+HUMMEL
      9. Parker Hannifin Corp.
      10. United Technologies Corp.
  7. Analyst Views
  8. Future Outlook of the Market