3D Printed Prosthetics Market To Be Dominated By Prosthetic Limbs Type Through 2028
Increasing accidental injuries is expected to drive the
growth of global 3d printed prosthetics in the forecast period, 2024-2028.
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.
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