Assistive Device Industry & Market Trends - The global amputee population is significant, with 60 million people representing 076% of the world's population, and this number is growing due to factors like disease and geopolitical tensions [17] - The aging global population, particularly in North America, Western Europe, and Asia, will drive increased demand for healthcare and medical assistive devices, with the population aged 60+ expected to double to 2 billion by 2050, representing 22% of the world's population [19][20] - There is a growing need for societies to become more accessible to people with disabilities, who represent 15% of the world's population, highlighting the importance of future-proofing environments [18] Bionic Technology & Innovation - Bionic limbs are becoming increasingly sophisticated, utilizing AI and machine learning to predict and assist with movements, improving functionality and reducing user effort [10][11][12] - Bionic arm technology allows for adjustable grip strength, exceeding the capabilities of biological arms in certain aspects [14][15] - Future innovations in bionic technology include improving battery life, reducing weight, perfecting haptic feedback, and achieving seamless integration with the human body through osseointegration and brain-computer interfaces [22][23] - Investment in research areas like bioelectricity and stem cell research could potentially lead to limb regeneration [24] Accessibility & Affordability - The high cost of advanced bionic technology, such as a bionic arm costing £250,000, poses a significant barrier to accessibility [21] - There is a need to reduce the cost of bionic devices to make them more affordable and accessible to a wider population [22]