The global 3D printed prosthetics market is anticipated to garner notable growth during the forecast period of 2023 to 2033, with a CAGR of 8%. Rising demand for customized prosthetics, advancements in 3D printing technology, and increasing healthcare expenditure are key factors driving the market growth. The market is projected to reach US$3.5 billion by 2033, with North America dominating the market share due to high adoption rates and developed healthcare infrastructure. However, Asia-Pacific is expected to exhibit rapid growth owing to improving healthcare facilities and increasing awareness about advanced prosthetic solutions. Prominent players operating in the market include 3D Systems, Stratasys, and Materialise, among others.
According to the World Health Organisation, approximately 30 million people globally require prosthetics, and 3D printing technology can help increase availability for individuals, particularly in rural locations, at a lower cost. These benefits, along with increased patient comfort and ease of customization, are expected to fuel market growth. Because of developments in body modelling and 3D scanning technology from companies like Body Labs, individuals will be able to 3D scan their limbs and have prosthetics shaped after them, allowing for a more natural fitting and aesthetic.
Claim your complimentary report with captivating visuals.
https://www.futuremarketinsights.com/reports/sample/rep-gb-15940
COVID-19’s introduction had an impact on the additive manufacturing sector, as the pandemic created supply chain bottlenecks and manufacturing closures, particularly in the first three quarters of 2020. The 3D printing market, on the other hand, saw a huge surge in the aftermath of the pandemic since it is a disruptive technology that has emerged as a viable solution to medical device supply constraints. Furthermore, the market’s top players reported a sales growth in 2021, showing that the market has recovered from the impact of COVID-19 and is likely to grow fast in the future.
Key Takeaways from the Market Study
- The limbs category is expected to account for 35% of total revenue in the worldwide 3D Printed Prosthetics market.
- The hospitals category is expected to account for up to 40% of overall revenue in 2023 in terms of end use.
- Polypropylene, by material, is expected to dominate the global market in 2023, accounting for 33% of total revenue.
- In 2023, North America is expected to dominate the global market, accounting for more than 40% of global revenue.
- Asia Pacific is expected to account for 37% of the market for 3D printed prostheses by 2023.
“Increasing cases of accidental and sports injures is the key factor driving the growth of the 3D Printed Prosthetics market. In addition, technological advancement too is spurring the adoption of 3D Printed Prosthetics,” comments a Future Market Insights analyst.
Competitive Landscape
Some of the players in the global 3D Printed Prosthetics market include 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Bionicohand, YouBionic, UNYQ, Mecuris, LimbForge, Inc., Open Bionics, Create Prosthetics, Bio3D Technologies, Laser GmbH, Prodways Group, Protosthetics, 3T RPD Ltd, Formlabs
- YouBionic, a key player in the 3D Printed Prosthetics is focusing on making their 3D printed prosthetic hand durable, flexible and more movable. Thus, the company is integrating artificial intelligence to increase its usability.
- Prodways Group, another key player in the 3D Printed Prosthetics market offers a technologically advanced arm for patients of all age groups. The company is focusing on offering the same to a wider consumer base by penetrating into different geographical locations.
Gain the Edge with Segmented Information – Buy Now!
https://www.futuremarketinsights.com/checkout/15940
More Valuable Insights
Future Market Insights, in its new offering, presents an unbiased analysis of the global 3D Printed Prosthetics market, presenting historical analysis from 2018 to 2022 and forecast statistics for the period of 2023 to 2033.
Top 16 Key Companies Profiled
- 3D Systems Corporation
- EnvisionTEC
- Stratasys Ltd.
- Bionicohand
- YouBionic
- UNYQ
- Mecuris
- LimbForge, Inc.
- Open Bionics
- Create Prosthetics
- Bio3D Technologies
- A.R.C Laser GmbH
- Prodways Group
- Prosthetics
- 3T RPD Ltd.
- Formlabs
Key Segments Profiled in the 3D Printed Prosthetics Industry Survey
Type:
- Sockets
- Limbs
- Joints
- Others
Material:
- Polyethylene
- Polypropylene
- Acrylics
- Polyurethane
End-use:
- Hospitals
- Rehabilitation Centers
- Prosthetic Clinics
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5,000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
