Artificial hand in 3D printer
The 3D Printed Prosthetics Global Market Report 2024 by The Business Research Company provides market overview across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa, encompassing 27 major global industries. The report presents a comprehensive analysis over a ten-year historic period (2010-2021) and extends its insights into a ten-year forecast period (2023-2033).
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According to The Business Research Company’s 3D Printed Prosthetics Global Market Report 2024, The 3d printed prosthetics market size has grown strongly in recent years. It will grow from $1.04 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growth in customization for individual users, cost-efficiency and affordability, collaborations and partnerships, patient-specific solutions, regulatory approvals and quality standards,
The 3d printed prosthetics market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to remote monitoring and adjustments, expansion of pediatric applications, biocompatible material advancements, global accessibility initiatives, rising awareness and acceptance. Major trends in the forecast period include incorporation of sensory technologies, technological convergence, regulatory adaptation to technological advances, advancements in 3d printing technology, integration of bionic technology.
The rising number of accidental injuries is driving the growth of the 3D printing prosthetic devices market. Accidental injuries can cause serious damage to a person, and these injuries can sometimes lead to amputation. In 2021, car crashes in the US resulted in the death of 42915 people which was the highest in 16 years. According to a report from National Centre for Health Statistics, approximately 50,000 new amputation cases come up each year in the US. An increase in incidences of other medical conditions such as diabetes and vascular diseases is also leading to a rise in amputation cases, thus boosting the sales of 3D printing prosthetics. For instance, according to a report published in the American Journal of Managed Care, it was estimated that, globally, one patient leg is amputated every 30 seconds and around 85% of these amputations were a result of a diabetic foot ulcer.
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The 3d printed prosthetics market covered in this report is segmented –
1) By Type: Sockets, Limbs, Joints, Covers, Other Types
2) By Material: Polypropylene, Polyethylene, Acrylics, Polyurethane
3) By End-User: Hospitals, Rehabilitation Centers, Prosthetic Clinics
Companies in the 3D printing prosthetics market are focusing on the development of waterproof prosthetic devices. The aim behind this innovation is to provide the user with an increased range of mobility, especially in athletics. In April 2022, Protosthetics a US-based company that manufactures prosthetics devices launched Galileo for 3D printing prosthetics. Galileo is a 3D printing solution that combines the best technology, materials, and support to provide a seamless answer to orthotics and prosthetics (O&P) practices. Galileo system connects clinicians to experts in 3D printing to make successful sockets happen in real-time.
The 3d printed prosthetics market report table of contents includes:
1. Executive Summary
2. 3D Printed Prosthetics Market Characteristics
3. 3D Printed Prosthetics Market Trends And Strategies
4. 3D Printed Prosthetics Market – Macro Economic Scenario
5. Global 3D Printed Prosthetics Market Size and Growth
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26. South America 3D Printed Prosthetics Market
27. Brazil 3D Printed Prosthetics Market
28. Middle East 3D Printed Prosthetics Market
29. Africa 3D Printed Prosthetics Market
30. 3D Printed Prosthetics Market Competitive Landscape And Company Profiles
Top Major Players:
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