Myoelectric prosthetics, also known as bionic limbs, are advanced prosthetic devices that use electromyography (EMG) signals from residual muscles to control the movements of the prosthetic limb. These prosthetics have revolutionized the lives of amputees, offering them greater mobility, independence, and quality of life. The global myoelectric prosthetics market has been witnessing significant growth in recent years, driven by technological innovations and increasing demand.
The market offers a wide range of myoelectric prosthetics, including upper limb, lower limb, and exoskeletons. Among these, upper limb prosthetics dominate the market, accounting for the largest share in 2020. This is attributed to the higher demand for upper limb prosthetics due to the higher prevalence of upper limb amputations.
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The myoelectric prosthetics market is also witnessing several technological advancements and product launches. For instance, in 2021, BrainRobotics launched a new prosthetic hand, which uses AI and machine learning algorithms to mimic the movements of a natural hand. Similarly, in 2020, Össur introduced a new mind-controlled prosthetic arm, which uses EMG signals from residual muscles to control the prosthetic movements.
Despite the growth opportunities, the myoelectric prosthetics market also faces some challenges. The high cost of advanced prosthetic devices, the lack of reimbursement policies, and the limited access to advanced prosthetic technologies in some regions may limit patient access to these devices. Moreover, the complex nature of myoelectric prosthetics requires specialized training and support, which may not be readily available in some areas.
In conclusion, the myoelectric prosthetics market is expected to witness significant growth in the coming years, driven by technological innovations and increasing demand. However, market players need to address the challenges to leverage the market’s potential fully. The focus should be on developing affordable and accessible prosthetic devices, expanding patient access to advanced prosthetic technologies, and investing in research and development to discover new prosthetic modalities.