Upper-limb bionics, focusing on prosthetic arms and hands, remains underfunded despite a large global market of around 20 million potential users.
Existing prosthetics fall short in functionality, leading to high abandonment rates, with most amputees unable to afford the advanced prosthetic arms due to high costs.
Key challenges in the industry include signal interpretation, high production costs, lack of insurance coverage, and insufficient focus on high degree-of-freedom limbs for better mobility.
To succeed in the field of upper-limb bionics, a founding team requires expertise in robotics, neuroscience, and product/business strategy to develop advanced, affordable prosthetics that address real user needs.