3D Printed Prosthetics Market – Competitive Intelligence Report with Key Players and Strategies

According to TechSci Research report, “3D Printed Prosthetics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F”, the global 3d printed prosthetics market is anticipated to grow at an impressive rate in the forecast period, 2024-2028. This can be ascribed to the increasing awareness regarding the benefits of the 3D printed prosthetic implants worldwide. Additionally, growing willingness to spend out of pocket on different prosthetic implants, especially in the developed countries in the North America and Europe,1246 is expected to create lucrative opportunities for the market growth in coming years. Besides, increasing research and development activities in 3d printed prosthetic implant industry is further expected to support the market growth. Also, the growing demand for uniquely designed prosthetics products along with the easy availability of 3D-printed prosthetic implants for orthopedic conditions are expected to create significant growth during the forecast period. Similarly, rising cases of accidental injuries and sports injuries and the growing prevalence of diabetic-related amputation will surge the demand for advanced prosthetics products and drive the market growth over the years. Besides, a surge in demand for customized additive manufacturing and growing initiatives by the government, and an inclination toward advanced innovative products are the other factors that propel the market growth over the years.

However, inadequate reimbursement coverage for the treatment of accidental injuries and high cost of prosthetic implants treatments tend to create affordability issues which may hamper the growth of the 3D Printed Prosthetics Market during the forecast period. Similarly, high risks and complications associated with prosthetic implants may hamper the 3D printed prosthetic market growth during the forecast period. Also, lack of awareness among people about the advantages of advance technologies of prosthetic implants in emerging countries, can further restrict the growth of global 3d printed prosthetics market.

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The global 3d printed prosthetics market can be segmented by product type, by material, by end user and by region. Based on product type, the global 3d printed prosthetics market can be segmented into Sockets, Limbs, Joints, Covers, Others. The limbs segment dominated the market in 2022 and is expected to continue maintaining its dominance throughout the forecast period. This can be ascribed to increasing prevalence of chronic disease and increasing demand for prosthetic implants in developing countries. Similarly, growing number of accidental injuries and technological advancements in 3D printed prosthetics are the major factor that drive the market growth during the forecasted years.

Based on end user, the market can be segmented into Hospitals, Rehabilitation Clinics, Prosthetic Clinics, Others. The hospital segment is expected to dominate during the forecast period because of increasing investment in the research and development of 3D Printed prosthetic implants by pharma and biotech companies. Similarly, the adoption of 3D-printed prosthetics by small and large hospitals along with the rise in the number of hospitals and clinics in developing countries is the major factor that propels the market growth during the forecast period.

Major companies operating in the global 3d printed prosthetics market are:

• LimbForge Inc.
• Stratasys Ltd.
• 3D Systems Corporation
• EnvisionTEC Inc.
• Open Bionics Limited
• Bio3D Technologies, Inc.
• Bionicohand
• Youbionic
• UNYQ
• Mecuris

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“North America is expected to dominate in the global 3d printed prosthetics market due to the increasing the number of accidental injuries across the region. Furthermore, increasing adoption of new 3D printed prosthetic implants technology and rising adoption of new technology among population across the region are further contributing to demand for 3D printed prosthetic implants. Besides, availability of skilled professionals and early adoption of advanced technology for the treatment of different injuries included with the growing awareness about benefits of the prosthetic implants in the region, are further expected to create lucrative opportunities for the market growth” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

“3D Printed Prosthetics Market - Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028F Segmented By Product Type (Sockets, Limbs, Joints, Covers, Others), By Material (Polypropylene, Polyethylene, Acrylics, Polyurethane, Others), By End User (Hospitals, Rehabilitation Clinics, Prosthetic Clinics, Others), By Region and Competition”, has evaluated the future growth potential of global 3d printed prosthetics market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in global 3d printed prosthetics market.

Report Scope:

In this report, global 3D printed prosthetics market has been segmented into following categories, in addition to the industry trends which have also been detailed below:

• 3D Printed Prosthetics Market, By Product Type:

o      Sockets

o      Limbs

o      Joints

o      Covers

o      Others

• 3D Printed Prosthetics Market, By Material:

o     Polypropylene

o     Polyethylene

o     Acrylics

o     Polyurethane

o     Others

• 3D Printed Prosthetics Market, By End User:

o      Hospitals

o      Rehabilitation Clinics

o      Prosthetic Clinics

o      Others

• 3D Printed Prosthetics Market, By Region:

o      North America

• United States
• Canada
• Mexico

o      Europe

• France
• Germany
• United Kingdom
• Italy
• Spain

o      Asia Pacific

• China
• India
• Japan
• South Korea
• Australia

o      South America

• Brazil
• Argentina
• Colombia

o      Middle East & Africa

• South Africa
• Saudi Arabia
• UAE

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About TechSci Research:

TechSci Research is a research-based management consulting firm providing market research and advisory solutions to its customers worldwide, spanning a range of industries. TechSci Research’s core values are value, integrity and insight. Led by a team of dynamic industry experts, TechSci Research provides its customers with high value market research and advisory services that helps them identify new market opportunities, growth engines and innovative ways to capture the market share. As a result, TechSci’s client leads rather than follow market trends. Not bound by legacy, TechSci’s cutting-edge research model leverages its decades of research knowledge and an increased use of technology as engines of innovation to deliver unique research value. Provided as an alternative to traditional market research, TechSci Research reports do not just deliver data and knowledge rather highlights the insights in a more usable and interactive format for its clients.

 

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