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Prosthetic Robot Arm Market to Grow by USD 640 Million from 2024-2028 as Rising Amputation Cases Drive Revenue, AI Revolutionizing Market Landscape – Technavio Report

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NEW YORK, Sept. 5, 2024 /PRNewswire/ — Report with market evolution powered by AI- The global prosthetic robot arm market  size is estimated to grow by USD 640 million from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of over 14.84%  during the forecast period. Increase in amputation cases is driving market growth, with a trend towards 3D-printed prosthetic robot arm. However, high cost of equipment  poses a challenge. Key market players include Advanced Arm Dynamics Inc., Aether Biomedical sp. Z o.o., Bionic Hope Pvt. Ltd., BrainCo Inc., Cardinal Health Inc., COVVI, exiii Inc., HDT Global, Makers Hive Innovations Pvt. Ltd., Mobius Bionics LLC, Open Bionics Ltd., Ossur hf, Ottobock SE and Co. KGaA, Shadow Robot Co., Steeper Inc., TASKA Prosthetics, Unlimited Tomorrow, and Vincent Medical Holdings Ltd..

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Forecast period

2024-2028

Base Year

2023

Historic Data

2018 – 2022

Segment Covered

Application (Hospitals, Household, and Clinics and ambulatory surgical centers), Technology (Microprocessor-based and Myoelectric), and Geography (North America, Europe, APAC, South America, and Middle East and Africa)

Region Covered

North America, Europe, APAC, South America, and Middle East and Africa

Key companies profiled

Advanced Arm Dynamics Inc., Aether Biomedical sp. Z o.o., Bionic Hope Pvt. Ltd., BrainCo Inc., Cardinal Health Inc., COVVI, exiii Inc., HDT Global, Makers Hive Innovations Pvt. Ltd., Mobius Bionics LLC, Open Bionics Ltd., Ossur hf, Ottobock SE and Co. KGaA, Shadow Robot Co., Steeper Inc., TASKA Prosthetics, Unlimited Tomorrow, and Vincent Medical Holdings Ltd.

Key Market Trends Fueling Growth

The Prosthetic Robot Arm market is experiencing significant growth, with a major challenge being the high cost of traditional prosthetic arms. However, the forecast period is expected to witness increased adoption of 3D-printed prosthetic robot arms due to their advantages, such as cost-effective manufacturing. Companies like Open Bionics and exiii Inc. Are leading this trend, offering custom-fitted prosthetic arms using 3D scanning and 3D printing technology. Open Bionics’ project allows for a custom-fitted socket and hand to be made in less than two days, while exiii Inc.’s HACKberry arm can be assembled at home with affordable parts and a USD1,000 consumer 3D printer. Easton LaChappelle’s Unlimited Tomorrow is also making waves with a USD4,000 prosthetic arm, focusing on battery technology, miniaturization, and wireless connectivity, while offering free designs for 3D printing. With growing consumer awareness of 3D printing, more vendors are expected to enter the market, increasing competition and driving down costs. 

The Prosthetic Robot Arm market is experiencing significant growth due to the rising number of amputations caused by injuries, chronic diseases, and congenital conditions. Robotics and artificial intelligence are driving innovation in this field, with advancements in 3D printing, biosensor technology, and bionic prosthetics. Companies like LUKE arm system and Mobius Bionics are leading the way in creating high-quality, customized prosthetic arms using advanced materials and biomimetic design. Better materials and technology, such as microprocessor prosthetics, myoelectric prosthetics, and mind-controlled prostheses, are improving the quality of life for amputees. The market volume is increasing due to the growing need for prosthetic arms among healthcare providers and individuals affected by limb loss from diabetes, vascular diseases, cancer, cardiovascular diseases, respiratory diseases, trauma, and other conditions. The use of raw materials and transportation costs are key considerations for manufacturers, while financial aid and insurance coverage help make these advanced technologies more accessible to those in need. Companies like Ace Matrix, Fillauer Companies, and Steeper are also contributing to the market with their innovative solutions. Quantitative units of prosthetic arms are expected to grow steadily in the coming years as technology continues to advance and improve the lives of those with limb loss. 

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Market Challenges

The Prosthetic Robot Arm market is experiencing gradual adoption in developed countries due to advanced robotic medical systems in healthcare. However, affordability remains a challenge for patients in developing and emerging economies. High costs, attributed to the advanced technology, restrict access to prosthetic robot arms for most patients. The ASP is expected to decrease due to emerging technologies like 3D printing. Functional limitations and a short replacement cycle are additional hindrances to market growth. Prosthetic robot arms range from USD15,000 to USD100,000 for advanced models. Despite advancements, the high capital and recurring costs limit market penetration in emerging markets.The Prosthetic Robot Arm market is experiencing significant growth due to advancements in technology, particularly in the areas of biosensor technology, bionic prosthetics, and AI. However, challenges persist, such as the need for better materials, affordability, and customization. Raw material procurement and transportation costs remain a concern for manufacturers. Microprocessor and myoelectric prosthetics, including the LUKE arm system and Mind-controlled prosthesis, are popular choices, but the steep prices limit their accessibility. Companies like Ace Matrix, Mobius Bionics, Fillauer Companies, exiii, Ossur, Vincent Medical Holdings, and Ottobock are leading the way in innovation, offering advanced materials and biomimetic designs. Healthcare providers and insurers must navigate financial aid and coverage options to make these technologies more accessible to those in need. Quantitative units and volumes in the Global Robotic Prosthetics market continue to rise, transforming the lives of amputees and pushing the boundaries of technology in the extremity devices sector.

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Segment Overview 

This prosthetic robot arm market report extensively covers market segmentation by

Application 1.1 Hospitals1.2 Household1.3 Clinics and ambulatory surgical centersTechnology 2.1 Microprocessor-based2.2 MyoelectricGeography 3.1 North America3.2 Europe3.3 APAC3.4 South America3.5 Middle East and Africa

1.1 Hospitals-  The Prosthetic Robot Arm Market is experiencing significant growth due to advancements in technology. These arms offer improved functionality and mobility for amputees, enhancing their quality of life. Key players in the market include DEKA Research & Development, Mobius Bionics, and Hocoma. Collaborations and partnerships between these companies and healthcare institutions drive innovation and expansion. The market’s future looks promising, with increasing demand for advanced prosthetic solutions.

Download complimentary Sample Report to gain insights into AI’s impact on market dynamics, emerging trends, and future opportunities- including forecast (2024-2028) and historic data (2018 – 2022) 

Research Analysis

The Prosthetic Robot Arm market is a rapidly growing segment of the Robotics industry, driven by advancements in Artificial Intelligence, 3D printing, and Biomimetic Design. Amputation due to injuries, chronic diseases, and congenital conditions continues to fuel demand for these advanced devices. The Amputee Coalition estimates that over 2 million Americans live with limb loss, creating a significant need for prosthetic solutions. Global Robotic Prosthetics market volumes are measured in quantitative units, with Extremity Prosthetics being the largest segment. Prosthetic Robot arms offer advanced features such as customization, improved functionality, and increased user comfort. Advanced materials and Brain-Computer Interfaces are key technologies driving innovation in this field. Healthcare providers play a crucial role in the adoption of Prosthetic Robot arms, with financial aid and insurance coverage being major factors influencing accessibility. Companies like Ace Matrix, Mobius Bionics, Fillauer Companies, exiii, Ossur, and others are leading the way in this market, offering solutions tailored to individual user needs. 3D printing and AI are revolutionizing Prosthetic Robot arm production, allowing for more affordable and customized solutions. The future of Prosthetic Robot arms lies in continued innovation, with potential applications in rehabilitation, industrial settings, and beyond.

Market Research Overview

The Prosthetic Robot Arm market is experiencing significant growth due to the increasing prevalence of amputations, injuries, chronic diseases, and congenital conditions. Robotics and artificial intelligence are revolutionizing the field with advanced bionic prosthetics, microprocessor prosthetics, myoelectric prosthetics, and mind-controlled prostheses. Better materials, such as 3D printed components, and biosensor technology are improving the quality of life for amputees. The Amputee Coalition reports that over 2 million Americans are living with limb loss, with diabetes, vascular diseases, cancer, cardiovascular diseases, respiratory diseases, and trauma being common causes. The market includes voluminous units of prosthetic arms, with key drivers being technological advancements, healthcare providers’ adoption, and financial aid and insurance coverage. Companies are focusing on advanced materials, prosthetic arm customization, biomimetic design, and brain-computer interfaces to meet the evolving needs of the market. Global Robotic Prosthetics, Steeper, Myo Kinisi hand, Ace Matrix, Mobius Bionics, Fillauer Companies, exiii, Ossur, Vincent Medical Holdings, and Ottobock are some of the leading players in the industry.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

ApplicationHospitalsHouseholdClinics And Ambulatory Surgical CentersTechnologyMicroprocessor-basedMyoelectricGeographyNorth AmericaEuropeAPACSouth AmericaMiddle East And Africa

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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Cambium Networks Introduces High Density Wi-Fi 7 Solution for the Enterprise

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New tri-band, software-definable Wi-Fi 7 solution delivers precision directive coverage with AI optimization for exhibition halls, auditoriums, warehouses, and other high-density environments.

HOFFMAN ESTATES, Ill., July 22, 2026 /PRNewswire/ — Cambium Networks, a leading global provider of networking solutions, today announced a new Wi-Fi 7 high-density access point – the X7-56X – engineered to deliver high-performance wireless connectivity in the most demanding environments. Designed to meet the needs of large public venues, exhibition halls, busy public spaces, and educational campuses, the solution combines focused RF coverage, AI-driven optimization, and cloud-managed simplicity in a high-capacity platform.

The X7-56X extends Cambium Networks’ Wi-Fi 7 portfolio with a software-definable tri-band architecture featuring 60° x 60° directive antennas designed for precision coverage and reduced co-channel interference in congested RF environments. The platform supports up to 1,280 clients per access point and up to 17.9 Gbps aggregate wireless capacity across the three Wi-Fi spectrum bands.

“The X7-56X performed very well in our ticket scanning points that have high ceilings and see significant foot traffic volume,” said Jonathan West from the National Ice Centre in Nottingham, UK. “What makes this AP practical for a venue like ours is the integrated 60×60 degree antennas that eliminate separate antennas and cabling and can add significant cost, complexity, and footprint to every mount. Engineering all of that into one unit expedites installation and improves aesthetics as well. This form factor will extend to applications in our seating bowl as well.” 

“What excites me about the X7-56X is how well its directional approach works for some of our toughest spaces, such as auditoriums at capacity or the basketball arena on game night,” said Jeremy Petticrew, Network Engineer at University of Mary Hardin-Baylor. “Precisely controlling Wi-Fi coverage has always been the hard part, and having an AP designed specifically for that, inside a platform we already trust, is a real advantage as device counts keep climbing.”

The X7-56X integrates with Cambium’s ONE Network architecture comprised of Wi-Fi, switching, security, SD-WAN, wireless backhaul, and fiber – all managed through the cloud via cnMaestro™ X. This unified approach provides centralized visibility and control across the entire network infrastructure from a single source of truth.

The new solution provides a compelling Total Cost of Ownership (TCO) proposition by reducing the amount of equipment required in typical installations. These advantages are enabled by:

Directive antennas that focus Wi-Fi coverage only where needed – a spotlight approach vs. the floodlight type of inefficiencies of omni-directional antennas

Integrated Wi-Fi controller in every AP, eliminating the need for separate appliance or VM-based controller solutions

Software-defined radios that enable flexible deployment of the 5GHz and 6GHz Wi-Fi bands matched to environment needs, reducing the number of APs required

Key capabilities of the X7-56X include:

Tri-radio, tri-band Wi-Fi 7 architecture

4×4 MU-MIMO support with ten total spatial streams

60° x 60° directive antenna for precision coverage

Air Cleaner technology for high-density RF optimization

AI-based Assurance for improved operational efficiency and problem resolution

Software-definable radios supporting flexible 5 GHz and 6 GHz migration

Built-in IoT radio supporting BLE 5.1, Zigbee, Matter, and Thread

Simplified installation with the MarketApps Installer mobile-based app and flexible mounting options

Cloud-based management through cnMaestro™

“High-performance Wi-Fi requires more than just raw throughput,” said Bruce Miller, VP Enterprise Product Management at Cambium Networks. “Intelligent RF management, flexible deployment options, and simplified operations are key to support growing device counts, IoT proliferation, and AI-powered applications. The X7-56X was purpose-built for these challenges while at the same time delivering compelling economics for enterprise IT and managed service providers.”

“The X7-56X brings together several technologies that are particularly valuable in high-density environments,” said Kevin Tolly, Founder of The Tolly Group. “The directive antenna design, Wi-Fi 7 architecture, integrated IoT capabilities, and cloud-managed operation provide organizations with a practical approach to supporting growing connectivity requirements while maintaining operational simplicity.”

View the Tolly Group preview video of the X7-56X, showcasing the access point’s ultra-high-density design, Wi-Fi 7 capabilities, deployment flexibility, and performance advantages for demanding enterprise environments.

Cambium Networks’ directional Wi-Fi 7 innovation was recently highlighted by Wi-Fi NOW in an Expert Insights article by CEO and Chairman Claus Hetting.

Watch our webinar replay, “High-Performance Wi-Fi with New Wi-Fi 7 and 6 GHz Solutions.”

About Cambium Networks

Cambium Networks enables service providers, enterprises, industrial organizations, and governments to deliver exceptional digital experiences, and device connectivity, with compelling economics. Our ONE Network platform simplifies management of Cambium Networks’ wired and wireless broadband and network edge technologies. Our customers can focus more resources on managing their business rather than the network. We make connectivity that just works.

Media Contact

pr@cambiumnetworks.com

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SOURCE Cambium Networks

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OCEAN Launches Portal, the First End-to-End Encrypted Pool Dashboard for Bitcoin Miners

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New customizable dashboard gives miners operation-wide tools without surrendering privacy or identity

MIAMI, July 22, 2026 /PRNewswire/ — Today OCEAN announced the launch of OCEAN Portal, a customizable, end-to-end encrypted dashboard that gives Bitcoin miners a complete view of their operation. PORTAL was unveiled on stage at Mining Disrupt 2026, the world’s largest Bitcoin mining expo and conference, held July 21-23 at the Miami Airport Convention Center, by OCEAN President Mark Artymko. PORTAL is available now, for free, to all miners on OCEAN at portal.ocean.xyz.

OCEAN was built permissionless from the ground up, a deliberate design choice that, like Bitcoin itself, gives miners unhindered access to their own information. Traditional pools organize miner data by storing it on their own servers. OCEAN Portal delivers that same organized, polished experience while keeping miners fully in control: a permissionless, encrypted view of your mining addresses with the look and feel of an enterprise-style dashboard. Miners can combine multiple Bitcoin addresses into a single view, organize addresses by site, and assign human-readable names to sites, workers, and teams. Portal includes site-specific statistics, worker insights, payout information in Bitcoin and fiat, robust reporting tools, and access controls that let operators share full dashboards with their teams or generate expiring read-only links for clients. No account or email is required. Miners sign in with a Bitcoin address and a password they create. The convenience of enterprise dashboards, with the security of OCEAN.

“PORTAL was built in direct response to miner feedback,” said Mark Artymko, President of OCEAN. “Some of our miners told us that a customizable dashboard was the only thing standing between their full stack of hashrate and the pool. OCEAN heard them, and built it.”

PORTAL is powered by Sub-space Locker, an application-independent encrypted storage and access-control system developed by OCEAN. Built on public-key cryptography, Sub-space Locker authenticates users, stores encrypted application data, and controls what each user can access. Encryption and decryption happen locally in the user’s browser, leaving OCEAN and other intermediaries unable to read the underlying data.

“Every mining pool dashboard on earth makes the same trade: your tooling for your identity,” said Jason Hughes, VP of Engineering at OCEAN. “PORTAL refuses that trade. Miners get pool-grade information in the most sovereign way possible. We couldn’t read their data even if we tried.”

Since launching in 2023, OCEAN has focused on returning sovereignty to Bitcoin miners through permissionless, non-custodial pooled mining, fully transparent and auditable TIDES payouts, and DATUM, which puts block template construction back in miners’ hands. PORTAL extends that mission from the pool to the mining operation itself.

OCEAN Portal is available now at portal.ocean.xyz.

About OCEAN

OCEAN is a Bitcoin mining pool built on miner sovereignty. Operated by Mummolin, Inc., OCEAN offers non-custodial payouts, transparent reward accounting, and DATUM, the only pool technology that lets individual miners construct their own block templates.

Media Contact Ian Northon media@ocean.xyz

 

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SOURCE Mummolin Inc

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PlayVS and Scouting America Announce Gaming Activation at the 2026 National Jamboree

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New immersive gaming hub will bring structured esports competition, casual play, and digital citizenship programming to Scouts at Summit Bechtel Reserve

LOS ANGELES, July 22, 2026 /PRNewswire/ — PlayVS, North America’s leading scholastic gaming platform, today announced a partnership with Scouting America to bring a state-of-the-art gaming activation to the 2026 National Jamboree, taking place July 22–31, 2026. One of Scouting America’s premier youth gatherings, the National Jamboree at Summit Bechtel Reserve in West Virginia, brings Scouts together from across the country for adventure, fellowship, skill-building, and shared experiences.

Running throughout the National Jamboree, the PlayVS Arena will offer a rotating schedule of competitive tournaments, leaderboard challenges, casual gaming, and hands-on technology experiences. Designed for Scouts of all experience levels, the activation promotes teamwork, digital citizenship, sportsmanship, and healthy competition while creating a welcoming space for Scouts to connect over a shared passion for gaming. The arena gives Scouts the opportunity to connect with friends, test their skills, and experience organized esports in an environment designed for participation, sportsmanship, and fun.

“At PlayVS, we believe gaming can be a powerful way for young people to build confidence, practice teamwork, and develop meaningful connections,” said Andrew Barnett, Partnership Lead. “Partnering with Scouting America allows us to bring that experience to one of the country’s most iconic youth gatherings and show how structured gaming can complement the values of leadership, fellowship, and skill-building that Scouting has championed for generations.”

The gaming activation will feature a high-tech mobile gaming trailer outfitted with gaming stations, virtual reality experiences, and a professional racing simulator. A dedicated event tent located alongside the trailer will expand the experience with additional console stations for free play, spectating, and community engagement throughout the Jamboree.

PlayVS aims to deliver a memorable gaming experience that brings together the excitement of play with the values of leadership, teamwork, and community.

About PlayVS

PlayVS is North America’s leading scholastic and collegiate gaming platform, helping students unlock the educational, social, and personal benefits of competitive gaming. The company brings together students, coaches, educators, and schools through structured, education-aligned competition across K–12 and college. PlayVS is the official esports partner of the NFHS Network, the Special Olympics, and state and regional organizations across the U.S. and Canada. To learn more, visit playvs.com.

Media Contact:
press@playvs.com

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