5 Questions with PSYONIC Founder & CEO Aadeel Akhtar

Catch up with PSYONIC Founder & CEO, Dr. Aadeel Ahktar, as he answers questions about his inspiration and commitment to making bionic limbs more affordable and accessible, where the market potential exists for PSYONIC product innovations, and his vision for the future of the company.

Q1: What inspired you to start PSYONIC?

This is something I've wanted to do ever since I was seven years old. I was visiting Pakistan and that was the first time I met someone with a limb difference and she was my age missing her right leg using a tree branch as a crutch, living in poverty. And that's what inspired me to want to go into this field and make advanced bionic limbs that are affordable and accessible for everyone. 

Q2: How is PSYONIC revolutionizing bionics?

We are pioneering a bionics revolution. With the Ability Hand, we made the fastest bionic hand in the world, the first on the market to have touch feedback. It's super robust to impact and it's also covered by Medicare in the US to make the hand more accessible than ever. We've expanded access from 10% of patients who could afford an advanced bionic hand to now 75% because of this Medicare coverage. 

Q3: What is the “next big thing” in bionics?

The next big thing in bionics is going to be connecting these devices directly to your body we are partnering with research institutions that are connecting our Ability Hand directly to your bones. We're working on fingers that are connected to your muscles and your tendons and also nerve implants that can directly read your nerve impulses so when you think about moving digits, your hand is actually going to respond and feel from it as well. This is the future that we're heading towards.

Q4: What is the market potential for PSYONIC?

By 2026, the global prosthetics and orthotics market is going to be $21 billion. The bionic segment of that is going to be $2 billion. And that's just the start for PSYONIC. We’ve sold our hands to Facebook and Apptronik. We've put our hands on robotic arms that can be used to do tasks around the house. We're also partnering with institutions who are doing neural interfaces to control these hands directly from your mind and your muscles. These markets are going to be growing by 12 to 14% over the next five years.

Q5: Why should investors buy into this vision?

At PSYONIC, we're building advanced bionic limbs that are more accessible than ever. Come join our bionic revolution. It started with the Ability Hand and we're expanding into other limbs including our Ability Leg. The future will be even more exciting with our research and humanoid robots and neural interfaces. We want you to be a part of that.