80% of them live in developing countries where the penetration of prosthesis is less than 10%. The incidences of the amputation due to obesity, diabetes, vascular diseases, stroke and arthritis are rising rapidly.
The current solutions for amputees are either too ineffective to cope with or too costly to afford creating an opportunity for introduction of a low cost - high efficacy prosthesis
It is expected to grow at a CAGR of 9.2% from 2017 to 2025. The global robotic prosthesis market is expected to reach USD 1.76 billion by 2025. Myoelectric prosthesis segment is expected to grow at a lucrative rate of approximately 10.3% over the forecast period.