Europe Motorized Prosthesis Market Size, Share & Industry Trends Analysis Report By End User (Hospitals, Prosthetic Clinics, Rehabilitation Centers and Others), By Type (Passive, Active and Hybrid), By Country and Growth Forecast, 2022 - 2028
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Market Report Description
The Europe Motorized Prosthesis Market would witness market growth of 10.5% CAGR during the forecast period (2022-2028).
The motorized prosthesis uses muscle innervation and brain-computer interface technologies to restore the biological function of lost body parts. A complex network of motor and cognitive modalities makes up a motorized prosthesis. These tools assist autonomous nervous system operations, including bladder control tools.
For this kind of prosthesis, user must decide if control wires, a harness, or both are necessary. The fitting and design processes must consider these factors. In addition, the socket's design must be suitable for transmitting and capturing the body motions required to operate the prosthesis. Often, body-powered devices are simpler to put on. Using prosthetic socks (or another liner) between the socket and the residual limb is optional for users. This will provide more comfort.
Since motorized prosthesis provide more modern and functional choices than conventional prosthetics, they are becoming increasingly popular among persons with impairments and amputations. Advanced functions like power walking, standing, and sitting may be provided by prosthetic devices, which batteries or motors can drive. This makes it possible for those who are disabled or have had limbs amputated to be more independent, active, and involved in things they may otherwise not be able to do.
The European Regional Development Fund program and cohesion strategy 2021–2027 both include the healthcare/life sciences (HCT) sector as a top priority for the EU and Germany. Germany has a robust healthcare system, particularly in hospital beds, infrastructure, and skilled personnel. Germany is the top exporter and importer of medical technology and equipment inside the EU. This country's government and healthcare authorities are quite supportive of adopting new technology. This is expected to encourage the market for motorized prosthesis to expand in Europe.
The Germany market dominated the Europe Motorized Prosthesis Market by Country in 2021, and would continue to be a dominant market till 2028; thereby, achieving a market value of $6,549.7 Thousands by 2028. The UK market is anticipated to grow at a CAGR of 9.6% during (2022 - 2028). Additionally, The France market would exhibit a CAGR of 11.3% during (2022 - 2028).
Based on End User, the market is segmented into Hospitals, Prosthetic Clinics, Rehabilitation Centers and Others. Based on Type, the market is segmented into Passive, Active and Hybrid. Based on countries, the market is segmented into Germany, UK, France, Russia, Spain, Italy, and Rest of Europe.
Free Valuable Insights: The Global Motorized Prosthesis Market will Hit $98.2 Million by 2028, at a CAGR of 10.7%
The market research report covers the analysis of key stake holders of the market. Key companies profiled in the report include Ossur Hf, Ottobock SE & Co. KGaA, Hanger, Inc. (Patient Square Capital), Advanced Arm Dynamics, Inc., Bionic Prosthetics & Orthotics Group LLC, Integrum AB, Dr. Fritz Faulhaber GmbH & Co. KG, and Sensars Neuroprosthetics.
Scope of the Study
Market Segments Covered in the Report:
By End User
- Prosthetic Clinics
- Rehabilitation Centres
- Rest of Europe
Key Market Players
List of Companies Profiled in the Report:
- Ossur Hf
- Ottobock SE & Co. KGaA
- Hanger, Inc. (Patient Square Capital)
- Advanced Arm Dynamics, Inc.
- Bionic Prosthetics & Orthotics Group LLC
- Integrum AB
- Dr. Fritz Faulhaber GmbH & Co. KG
- Sensars Neuroprosthetics
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