Artificial Intelligence
Robotic Prosthetics Market Size Worth USD 1269.6 Million by 2030 at 9.30% CAGR – Report by Market Research Future (MRFR)
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.
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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.
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.
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
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.
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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.
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About Market Research Future:
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.
Artificial Intelligence
TeraBox Celebrates 2nd Anniversary of Its Massively Popular Referral Program
Continuously expanding webmaster signups, especially in multiple regions, along with new highs in webmaster payouts, has ensured the smooth operation and continuous development of the project.
TOKYO, Sept. 21, 2024 /PRNewswire/ — TeraBox (“TeraBox” or “the Company”), a globally trusted cloud storage service headquartered in Tokyo, recently celebrated the second anniversary of its hugely popular Referral Program, a testament to the smooth operation and continuous development of the project. The number of webmaster signups, including in multiple new regions, continued to increase steadily with webmaster payouts reaching new highs.
TeraBox reveals some of its impressive Referral Program data.
TeraBox’s total number of webmasters worldwide reached over one million.The highest daily income of webmasters reached over $10,000, with the top earner making nearly $180,000.The total number of shares by all webmasters exceeds 500 million.The network of webmasters spans across the globe, including countries such as India, Indonesia, the United States, Latin America, Middle East, and South Korea. Moreover, as TeraBox’s influence continues to grow, the platform is excited to welcome many new webmasters from an expanding range of countries and regions.
TeraBox has achieved significant milestones, demonstrating its sustainable growth and increasing user impact. The journey started with the Webmaster Center launch in August 2022. Following this, several optimizations were implemented, including a self-withdrawal feature that simplified earnings management for webmasters and increased their engagement. Additionally, the Growth Analysis tool provided webmasters with valuable insights into their operational performance, enabling more effective decision-making.
As a result of these enhancements, both the number of participating webmasters and their earnings have seen remarkable increases. Looking ahead, the upcoming launch of the Webmaster App in September 2024 is set to further elevate user engagement and convenience, solidifying TeraBox’s position as an industry leader.
About TeraBox
TeraBox, developed by Flextech Inc. in Japan, is a leading global cloud storage solution. Headquartered in Tokyo, TeraBox proudly serves over 320 million users globally, providing an easy yet powerful way to store and manage data. With its generous 1TB of free storage, TeraBox ensures that your files are safe, secure, and accessible from anywhere. As a secure, reliable, and convenient service, TeraBox is certified with ISO 27001, ISO 27701, and ISO 27018, offering individual users around the world the opportunity to register for 1TB (1024GB) of free storage.
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SHANGHAI, Sept. 20, 2024 /PRNewswire/ — During HUAWEI CONNECT 2024, Huawei Cloud hosted a Summit themed “One Step to Intelligence, One Leap to Excellence”, gathering global industry leaders to explore the intelligent transformation trend, share pioneering cases, and assist customers in their journey to cloud-based operational excellence. At the summit, Huawei Cloud and global customers, unveiled the Data Center-to-Cloud solution and the PRIME Framework white paper.
Jacqueline Shi, President of Huawei Cloud Global Marketing and Sales Service, said: “Customers’ support enables us to innovate with finance, retail, autonomous driving, the Internet and many other sectors. By combining cutting-edge technologies with industry know-how, Huawei Cloud paves your way to digital and intelligence.”
Kevin Gao, President of Huawei Cloud Public Cloud Business, presented a keynote speech “One Step to Intelligence, One Leap to Excellence”. He outlined three critical factors for accelerating cloud migration and AI use: global infrastructure, continuous technological innovation, and lean operations.
In terms of global infrastructure, Huawei Cloud’s global infrastructure, KooVerse, offers extensive coverage, exceptional experience, and excellent quality. With 33 Regions and 93 Availability Zones (AZs) worldwide, Huawei Cloud supports over 10,000 customers in achieving business globalization. Huawei Cloud has interconnected with over 2,400 peers of global carriers, ensuring one hop to cloud and global business deployment for customers. Huawei Cloud data centers achieve Tier IV reliability.
Technological innovation is at the heart of Huawei Cloud’s mission to accelerate enterprise transformation. At this summit, three key areas were highlighted: compute upgrade, data-AI convergence, and application innovation.
The Data Center-to-Cloud solution released by Gao offers data center facilities, intelligent O&M, and DCN as a service, allowing customers to easily relocate and run dedicated compute resources on Huawei Cloud.
Huawei Cloud’s Ascend AI Cloud Service enables training jobs to run non-stop up to 40 days, shortens the fault recovery time to 10 minutes, and increases the linear scalability to 90% (the industry average are 2.8 days, 60 minutes, and 80%, respectively).
Huawei Cloud’s deterministic operations system has been adopted by over 300 global customers, maintaining a strong security record with zero intrusions and zero data breaches.
DeFacto from Türkiye leverages Huawei Cloud’s cloud native solution with Cloud Container Engine (CCE) and streamlines their services.
Huawei Cloud helps Chery to deploy, use, and manage the cloud. Currently, Huawei Cloud nodes in more than 10 countries and regions are providing services for Chery.
NavInfo has adopted Huawei Cloud’s R&D expertise and CodeArts software development pipeline to establish efficient development management standards and efficiency measurement systems.
Kingsoft and Huawei Cloud have collaboratively developed an excellence framework to optimize cost management.
Tencent Music’s Tianqin Lab has developed the MUSELight AI model acceleration framework, utilizing Huawei Cloud’s Ascend AI Cloud Service.
At the end of the summit, Huawei Cloud and global customers jointly released the Enterprise Excellence PRIME Model White Paper. This white paper offers a reference framework for enterprises to leap to excellence with digital and intelligent technologies.
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Artificial Intelligence
Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM with around 500K AMRs shipment by 2030 – LogisticsIQ
NEW DELHI, Sept. 20, 2024 /PRNewswire/ — The global Autonomous Mobile Robots (AMRs) market is poised for significant growth, driven by increasing demand for automation across various sectors, including logistics, manufacturing, and healthcare. According to the latest market research by LogisticsIQ (5th Edition), Autonomous Mobile Robots (AMR) Market to cross $10 Billion TAM by 2030 with a CAGR of ~30% between 2024 and 2030. We expect the installed base of AMRs to reach 2 million units in 2030.
Download a Free Sample of our report on Autonomous Mobile Robots Market
Key Market Drivers
Increased Efficiency: Businesses are rapidly adopting AMRs to enhance operational efficiency, reduce labour costs, and streamline workflows.Labor Shortages: The ongoing labour shortages in various industries have accelerated the need for automated solutions, making AMRs a crucial investment for companies.Technological Advancements: Innovations in artificial intelligence (AI), machine learning, and sensor technology are making AMRs more capable and reliable.Growing E-Commerce: The rise of e-commerce has created a demand for efficient warehouse management solutions, further boosting the AMR market.Regional Insights
North America leads the AMR market, accounting for the largest share due to the early adoption of automation technologies. Meanwhile, the Asia-Pacific region, especially China is expected to witness the fastest growth, fuelled by rapid industrialization and increasing investments in smart factories. US and China are going to contribute ~40% of this market by 2030.
Industry Applications
Autonomous mobile robots are being utilized in various applications, including:
Warehouse Automation: AMRs enhance inventory management and order fulfillment processes. This industry is expected to lead with more than 75% share by 2030.Manufacturing: Robots facilitate material handling and assembly line operations. Traditionally, it has been dominated by AGVs but are getting replaced by AMRs due to more flexibility and scalability features.Healthcare: AMRs assist in transporting medical supplies, improving patient care and operational efficiency. It is a niche market but high growing area to focus further.Purchase the full report on the Autonomous Mobile Robots Market – Growth, Trends, and Forecast
Top Factors & Challenges in the Autonomous Mobile Robots Market
Top Factors Driving Growth
Increased Demand for Automation: Businesses across industries are increasingly seeking automation to enhance efficiency and reduce operational costs.Technological Advancements: Innovations in AI, machine learning, and sensor technologies improve the capabilities and reliability of AMRs, making them more attractive to businesses.Labor Shortages: Ongoing labour shortages, especially in sectors like logistics and manufacturing, are pushing companies to adopt AMRs to maintain productivity.Growth of E-Commerce: The surge in online shopping requires efficient warehouse and logistics solutions, driving the adoption of AMRs for inventory management and order fulfillment.Improved Safety Standards: AMRs can reduce workplace accidents by taking over hazardous tasks, leading to safer working environments.Customization and Scalability: Many AMR solutions offer customizable features that allow businesses to scale operations according to their specific needs.Top Challenges
High Initial Costs: The upfront investment for AMRs can be substantial, which may deter smaller businesses from adoption.Integration with Existing Systems: Integrating AMRs into current operational workflows and legacy systems can be complex and resource-intensive.Regulatory Compliance: Navigating regulatory requirements and safety standards can pose challenges, especially in highly regulated industries.Limited Awareness and Understanding: Some businesses may lack knowledge about AMR technology and its potential benefits, hindering adoption.Technical Limitations: While technology is advancing, AMRs may still struggle with navigating complex environments or handling unexpected obstacles.Cybersecurity Concerns: As AMRs become more connected, they may be vulnerable to cybersecurity threats, requiring robust security measures.Know more about Autonomous Mobile Robots Market – Top Players, Cost Analysis, Competition, and Customer Expectation
What will you get in this report?
500 Pages and 160+ Exhibits Market ReportRevenue and Shipment data segmented:By form factor (Deck-load, Tugger/Pull, Forklift)By Navigation (Tape/Wire/Magnet, Reflector, QR Codes, LiDAR, Camera, Sensor, Fusion)By Function (Goods to person (G2P), Person to Goods (P2G), Conveying, Piece picking, Towing, Pallet Handling)By Application (Manufacturing, Logistics and Warehousing, Shipping, Delivery, Cleaning, Security, Hospital, Retail)Detailed excel file with 150+ market tables (Revenue and Shipment) including forecast till 2030A bottom-up analysis of Autonomous Mobile Robots Market for 19 countries (United States, Canada, Germany, UK, France, Italy, Spain, Nordics, China, Japan, South Korea, Australia, India, Taiwan, Thailand, Malaysia, Singapore, Indonesia, Phillippines) in 5 regionsIn-depth analysis of 700 companies in the ecosystem with more than 160 company profiles.Focus Group Discussion with 100+ key industry stakeholders across the value chain to collect the first-hand information to validate our analysis. Stakeholders include components and technology providers, system integrators, robot manufacturers (OEM/ODM), robotic software & service providers, and end-user industry verticals. Apart this, study also focuses on different components and integral parts of Autonomous Mobile Robots like Motion Control, Batteries & Chargers, Cameras / Vision Sensor, LiDAR, Sensor Fusion, QR Code and Wireless Communication.2 Analyst Sessions to brainstorm furtherInvestment details excel file with 175+ M&A and ~1000 funding dealsLogisticsIQ™ Exclusive Market Map (700+ Players across more than 15 categories)About LogisticsIQ
LogisticsIQ is a dedicated market research and advisory firm in Logistics & Supply Chain sector, empowering decision makers from top fortune 1000 companies, financial and research institutions, private equity and high potential start-ups with market insights to make better decisions. We enable this by analysing the right mix of the best data, the best research methodologies, and the best industry panel to deliver value to our clients.
Media Contact
Name: Sunny M.Email: [email protected]: +91-952-918-4938
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