Connect with us
European Gaming Congress 2024

Artificial Intelligence

Robotic Prosthetics Market Size Worth USD 1269.6 Million by 2030 at 9.30% CAGR – Report by Market Research Future (MRFR)

Published

on

New York, USA, June 08, 2023 (GLOBE NEWSWIRE) — Robotic Prosthetics Market Overview

According to a Comprehensive Research Report by Market Research Future (MRFR), “Robotic Prosthetics Market Research Report Information By Products, Technology, Application, and End Users – Global Forecast till 2030, the market is projected to reach USD 1,269.6 million by 2030 at 9.30% CAGR during the forecast period 2022-2030.

Market Scope:

The worldwide increase in many removal cases inferable from different danger factors like mishaps, serious wounds, carcinogenic tumors in the bone or muscles of appendages, and appendage disease is key driving variables for the growth and development of the Robotics Prosthetics Market all over the world. Robotic prosthetics are regarded as a false limb that improves the function and manner of life of a person who is missing a body component. Advanced robotic prosthetics effectively restore the normal function of the lost limbs. With cutting-edge technology, synthetic limbs can now be restricted by PC, brain, and sensation. The growth of this robotic prosthetics market is greatly influenced by rising elderly population, rising interest in cutting-edge innovation, and rising prevalence of various diseases. 

Get Free Sample PDF Brochure @ https://www.marketresearchfuture.com/sample_request/1316

Advertisement
Stake.com

Report Scope:

Report Attribute Details
Market Size in 2030 USD 1269.6 million
CAGR 9.30%
Base Year 2021
Forecast Period 2022-2030
Historical Data 2020
Forecast Units Value (USD Billion)
Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
Segments Covered By Products, Technology, Application and End Users
Geographies Covered North America, Europe, Asia-Pacific, and Rest of the World (RoW)
Key Market Drivers Increasing prevalence of different diseases drive the growth of this market
Increasing demand for the advanced technology

Robotic Prosthetics Market Competitive Dynamics:

The major key players in the market of Robotics Prosthetics are mentioned below

  • HDT Global Inc (U.S.)
  • ZOLL Medical Corporation (U.S.)
  • Smith & Nephew (U.K)
  • Hansen Medical, Inc. (U.S.)
  • Transenterix, Inc. (U.S.)
  • Touch Bionics Inc. (U.S.)
  • Aethon (U.S.)
  • Re Walk Robotics (Israel)
  • Syn Touch, LLC (U.S.)
  • Shadow Robot Company (U.K)
  • Stryker Corporation (U.S.)
  • Medrobotics Corporation (U.S.)
  • KUKA Roboter GmbH (Germany)
  • Intuitive Surgical, Inc. (U.S.)
  • Mazor Robotics Ltd. (Israel)

Robotic Prosthetics Market Trends

Market Drivers

The market development has been energized by the rise in breaks, rising public awareness of the use of innovative innovations, and high medical care spending. The market is primarily driven by the rapid innovation in the robotics industry, which is utilizing artificial intelligence, 3D printing, and rising demand for specialized bionic prosthetics. Another important factor in the surge in demand for robotic prosthetics is the high rate of amputation owing to accidents, chronic illnesses, and congenital diseases. The steadily growing population and urbanization are some of the other factors supporting market growth. Overall improving financial conditions support the growth of the robotics prosthetics business by enabling access to a high standard of living, improving medical treatment, and increasing consumers’ purchasing power.

Advertisement
Stake.com

The global rise in the number of removal cases resulting from various risk factors, such as accidents, severe wounds, cancerous tumors in the bone or muscles of appendages, and appendage disease, is one of the main factors driving the growth and development of the robotic prosthetics market worldwide. Additional contributing factors to the rising number of removal cases include obesity, diabetes, vascular disease, stroke, and joint pain. The market for clinical devices has grown quickly, supported by creative product development by key stakeholders looking for advancements, and the integration of IT into medical services has sped up this process. The main market drivers are accelerating market expansion in the anticipated time frame.

Market Limitations

A few of the factors that could impede the market’s growth during the anticipated time frame include the availability of expensive treatment options and hopeless repayment plans in the world’s developing nations. In addition, obstacles including inadequate financing methods for purchasing advanced mechanical prosthetics are thought to impede market growth, particularly in developed economies.

COVID-19 Analysis:

The growth and development of the robotic prosthetics sector have been influenced by the COVID-19 outbreak. COVID-19 had an impact on the market as a whole, and it also slowed down development in 2019 and 2020. The organizations and associations in the market, which is navigating the COVID-19 emergency to managing risk and digitizing tasks to provide trusted data and experiences to the leaders, care most about our most recent analysis, points of view, and bits of knowledge on the administration. The market initially noticed a slowdown in market expansion. However, the increased use of robotic prosthetics in a variety of settings, including hospitals, airports, and other locations, is anticipated to accelerate market expansion over the foreseeable future.

Advertisement
Stake.com

Browse In-depth Market Research Report (130 Pages) on Robotic Prosthetics: https://www.marketresearchfuture.com/reports/robotics-prosthetics-market-1316

Robotic Prosthetics Market Segmentation:

By technology

In 2020, MPC innovation dominated the market, and it is anticipated that it will continue to grow at a lucrative rate during the projected time span. Myoelectrical prosthetics is anticipated to grow at the fastest rate within the projected time range. The wearer is not subjected to any additional pressure or muscular effort as the prosthetics operate on electric force. Over the anticipated time range, it is anticipated that this advantage of myoelectrical innovation over MPC will drive part development.

By Extremity

Advertisement
Stake.com

The lower limit, which dominated the market in 2020, is also anticipated to grow at the fastest clip during the estimated time frame. The increased prevalence of vascular diseases and expanding removals of the lower appendage are projected to propel section development. In addition, the launch of innovative products by major players is anticipated to fuel the growth of the Robotics Prosthetics Market over the estimated time frame.

Buy Now: https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=1316

Robotic Prosthetics Market Regional Analysis

2020 will see North America dominate the robotic prosthetics market, accounting for 43.5% of global sales. Expanding medical care use, improvements in automated space, and a strong government commitment to encourage mechanical innovation in the U.S. are the key factors driving the development of the market. The American robotic prosthetics market is being developed primarily by the United States. The prevalence of muscular diseases in the area has contributed to the rise in popularity of robotic prosthesis. A few other factors influencing business sector development are high medical care speculations and the existence of a developed medical care sector with a preference for the acceptance of trendsetting innovation. Surprisingly, Mexican Americans are at a high risk for osteoporosis and are therefore helpless against bone problems that can necessitate the use of robotic prosthetics.

Based on growing interest in the automated area and increased demand of medical services, the Asia Pacific region is anticipated to experience the fastest growth.

Advertisement
Stake.com

Discover more research Reports on Healthcare Industry by Market Research Future:

Neuroprosthetics Market Research Report, by Type (Cognitive Prosthetics, Cochlear Implant), Techniques (Vagus Nerve Stimulation), Application (Motor Neuron Disorders) End-User (Hospitals and Clinics, Diagnostic Centers)- Forecast till 2030

Voice Prosthesis Devices Market Research Report Information By Product Type (Indwelling, Non-Dwelling Voice Prosthesis Devices), By Valve Type (Blom-Singer, Provox, Groningen Valve), By End User (Hospitals, Clinics) And By Region (North America, Europe, Asia-Pacific, And Rest Of The World) –Market Forecast Till 2032

Dental Prosthetics Market Research Report InType of Materialation By Type (Denture, Crown, Bridges, Veneer, Abutment and Inlays), By Type of Material (Porcelain-Fused-to-Metal, All-Ceramic and Others), By End User (Dental Hospitals & Clinics and Dental Research Laboratories), and By Region (North America, Europe, Asia-Pacific, And Rest Of The World) – Market Forecast Till 2030.

About Market Research Future:

Advertisement
Stake.com

Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis with regard to diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

Follow Us: LinkedIn | Twitter


GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Altair Announces Material Collaboration with HP Inc.

Published

on

altair-announces-material-collaboration-with-hp-inc.

HP data will bolster Altair® Material Data Center™ bridging gap between design and production of 3D-printed parts
TROY, Mich., June 24, 2024 /PRNewswire/ — Altair (Nasdaq: ALTR), a global leader in computational intelligence, has signed an agreement with HP Inc. in which HP will provide Altair with proprietary material information that will bolster the Altair® Material Data Center™, which enables designers, engineers, and scientists to browse, search, and compare materials in a standalone application or through the interface of their simulation and optimization tools. The collaboration will help break down traditional barriers to 3D printing adoption and ultimately help customers better design parts for Multi Jet Fusion and Metal Jet printers.

“Collaborating with HP will empower our customers to overcome the common challenge of access to accurate material property data, that often hinders the design and production of 3D-printed parts,” said Yeshwant Mummaneni, chief engineer, data management and analytics, Altair. “3D printing solutions are providing new and unique opportunities for businesses and industries of all sizes around the world – we are thrilled to continue providing best-in-class solutions and databases that help more people benefit from the technology and its adoption.”
The collaboration between Altair and HP bridges the often-siloed functions of the design and production of 3D-printed parts. As a result of the partnership, engineers with access to the Altair Material Data Center will be able to use HP material data to design efficient parts, conduct structural analysis using finite element analysis (FEA), and predict and fix manufacturing defects during design and simulation.
“3D printing is at the forefront of so many next-generation opportunities – we are delighted to reinforce Altair’s robust databases and solutions with our library of material information,” said Arvind Rangarajan, global head, software and data, personalization, and 3D printing, HP. “Partnering with a technological leader like Altair will help organizations worldwide develop better products, shorten timelines, and minimize the prototyping process to reduce waste.”
The collaboration will also benefit users of Altair® Inspire™ Print3D, which accelerates the creation, optimization, and study of innovative, structurally efficient additively manufactured parts by providing a fast and accurate toolset for the design and process simulation of parts made by metal binder jetting.
To learn more, visit Altair in booth #800 at RAPID + TCT June 25-27 or visit https://materials.altairone.com/page/landing to register for free access to the Altair Material Data Center.
About Altair
Altair is a global leader in computational intelligence that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future. To learn more, please visit www.altair.com.
Media contacts
Altair Corporate
Altair Investor Relations
Bridget Hagan
Stephen Palmtag
+1.216.769.2658
+1.669.328.9111
[email protected]
[email protected]
Altair Europe/The Middle East/Africa
Charlotte Hartmann
+49 7031 6208 0
[email protected]
 
Photo – https://mma.prnewswire.com/media/2444180/Additive_Rendering_HP_1_FINAL_IMAGE.jpg
Logo – https://mma.prnewswire.com/media/1421069/Altair_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/altair-announces-material-collaboration-with-hp-inc-302178389.html

Continue Reading

Artificial Intelligence

FX Veteran John Bogue Joins ATFX as Director of Institutional Operation

Published

on

fx-veteran-john-bogue-joins-atfx-as-director-of-institutional-operation

LONDON, June 24, 2024 /PRNewswire/ — ATFX, a leading global online trading broker, is pleased to announce the appointment of John Bogue as the Director of Institutional Operation. With over 30 years of experience in the FX market, John brings invaluable expertise in trading, prime brokerage, and e-brokerage to ATFX.

John’s extensive background includes significant roles at NatWest Markets Plc and Euronext FX Inc., formerly FastMatch. His deep understanding and seasoned oversight have been honed through his exposure to all facets of the FX asset class, including operations, risk management, and sales functions.
John’s prior position was as Director for EMEA FX at TraderTools. He was instrumental in rolling out their PriceOn™ algo offering across Europe, the Middle East, and Africa. His work significantly enhanced the technology’s penetration among banks and brokers within these regions.
“We are thrilled to welcome John Bogue to our team,” said Joe Li, Chairman at ATFX. “John’s relentless focus on accuracy, clarity, and prioritization of clients and team will be immensely beneficial as we continue expanding our capabilities and services.”
This recruitment is a strategic step for ATFX after their recent integration of PriceOn™ from TraderTools. With AI technology and algorithms, ATFX can optimize liquidity flow and provide top-notch services for institutional and retail clients. Competitive pricing accelerates global business growth and meets clients’ dynamic needs worldwide.
With the addition of John Bogue and ATFX’s recent hires of FX industry masters Drew Niv as the Chief Strategic Officer, Siju Daniel as the Chief Commercial Officer, Hormoz Faryar as Managing Director of Institutional, and Aditya Singh as Business Development Director International, this reaffirms ATFX’s commitment to long-term success and solidifies its position as a dominant player in the global financial marketplace.
About ATFXATFX is a leading global fintech broker with a local presence in 23 locations and licenses from regulatory authorities, including the UK’s FCA, Cypriot CySEC, UAE’s SCA, Australian ASIC, and South African FSCA. With a strong commitment to customer satisfaction, innovative technology, and strict regulatory compliance, ATFX provides exceptional trading experiences to clients worldwide.
For further information on ATFX, please visit the ATFX website: https://www.atfx.com. 
Photo – https://mma.prnewswire.com/media/2444530/IMG_John_Bogue.jpg

View original content:https://www.prnewswire.co.uk/news-releases/fx-veteran-john-bogue-joins-atfx-as-director-of-institutional-operation-302178957.html

Continue Reading

Artificial Intelligence

Artlist Revolutionizes Video Creation with an Innovative AI Voiceover Feature

Published

on

artlist-revolutionizes-video-creation-with-an-innovative-ai-voiceover-feature

Artlist becomes first creative asset platform to offer an in-product AI voice generator, unveiling an exclusive voice catalog
TEL AVIV, Israel, June 24, 2024 /PRNewswire/ — Artlist, a creative technology company that provides a vast catalog of royalty-free digital assets to empower brands and content creators worldwide, today announced its latest offering — an in-product AI voiceover generator for video creators. This groundbreaking feature marks a new era in content creation and another significant step in Artlist’s mission to empower brands and creators with everything they need to create videos in one place. The AI voiceover generator feature is included in the Artlist Max plan, offering even more value for the same price, and as a stand-alone plan.

To view the Multimedia News Release, please click:  https://www.multivu.com/players/uk/9276151-artlist-video-creation-innovative-ai-voiceover/
Artlist’s AI voice generator feature seamlessly integrates into existing workflows alongside Artlist’s music, sound effects, footage, and template offering. By eliminating the need for external voiceover services, brands and creators can save valuable time and resources, accelerating content creation and unlocking new storytelling possibilities.
“We’re excited to introduce the AI voiceover generator to our platform,” says Itzik Elbaz, Co-Founder and Co-CEO of Artlist. “This new feature will enhance the ability of brands and creators to craft immersive narratives and bring their visions to life with unmatched clarity and emotion. Whether you’re a high-end production company, an in-house creative team, or an emerging content creator, Artlist provides the tools you need to succeed in today’s competitive creator economy all in one place.”
Artlist’s voiceover feature represents a significant breakthrough in content creation, providing creators with unparalleled access to a unique, high-quality voice catalog crafted by top-tier artists. Creators can now enrich their videos with professional-grade narrations, elevating the quality of their content and captivating audiences like never before with an array of exclusive voices at their fingertips.
“We developed a catalog of exclusive voices with a goal of democratizing access to high-quality narrations, to enable brands and creators to enhance their videos with professional-grade voiceovers,” said Roee Peled, Chief Product Officer of Artlist. “By leveraging advanced AI and speech synthesis technologies, we can make it easier and more cost-effective for brands and creators to produce engaging voiceovers at scale.”
AI voiceover technology is rapidly transforming, offering increased efficiency, cost savings, and creative flexibility for content creators. This surge in popularity has led businesses and creators to recognize its potential to improve engagement and convey messages effectively. From promotional videos to tutorials and beyond, AI voiceover generator offers an efficient solution for capturing audience attention and driving results.
About Artlist 
Artlist is a leading creative technology company empowering global brands and individual creators with an extensive catalog of over 2.5 million high-quality, royalty-free digital creative assets, including music, sound effects, footage, templates, and plugins, made by award-winning artists. The company has over 26M users, including top-tier global brands like Google, Amazon, Microsoft, and Calvin Klein, who trust Artlist as a complete solution for video creation. With a simple global license and unlimited usage, Artlist’s mission is to enable creativity without limits through Artlist, its all-in-one video creation platform, and the Motion Array catalog for content creators. Artlist has been recognized as a top startup by Wired and LinkedIn. Founded in 2016, it has continued to revolutionize the creative industry by offering exclusive assets under a subscription-based model. For more information, please visit www.artlist.io.
Contact: Ravit Shimony, PR and Communications Manager at Artlist, [email protected]
Video – https://www.youtube.com/watch?v=16ggAKMeCsk&ab_channel=Artlist
 
 

View original content:https://www.prnewswire.co.uk/news-releases/artlist-revolutionizes-video-creation-with-an-innovative-ai-voiceover-feature-302180127.html

Continue Reading

Trending