From 2023 to 2033, the Global 3D Printed Prosthetics Industry is expected to rise at a strong Compound Annual Growth Rate (CAGR) of 8%, according to FMI Insights’ analysis. The sector is reaching previously unheard-of heights due to a rise in healthcare spending, technological improvements in 3D printing, and a spike in demand for customized prostheses.
By 2033, the market should have achieved a significant milestone—valuing itself at US$3.5 billion. Because of its strong healthcare infrastructure and high adoption rates, North America is expected to have a dominant share of the market. A growing knowledge of cutting-edge prosthetic solutions and better healthcare facilities are expected to drive Asia-Pacific’s quick growth.
Leading the charge in this transformative industry are key players such as 3D Systems, Stratasys, and Materialise, among others. These industry giants are at the forefront of innovation, driving the adoption of 3D-printed prosthetics globally.
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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 Global 3D Printed Prosthetics Industry 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 Global 3D Printed Prosthetics Industry. In addition, technological advancement too is spurring the adoption of 3D Printed Prosthetics,” comments a Future Market Insights analyst.
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Global 3D Printed Prosthetics Industry Competitive Landscape
Some of the players in the Global 3D Printed Prosthetics Industry 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 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.
More Valuable Insights
In its new offering, Future Market Insights presents an unbiased analysis of the Global 3D Printed Prosthetics Industry, presenting historical analysis from 2018 to 2022 and forecast statistics for 2023 to 2033.
Top 16 Key Companies Profiled In the Global 3D Printed Prosthetics Industry
- 3D Systems Corporation
- EnvisionTEC
- Stratasys Ltd.
- Bionic hand
- YouBionic
- UNYQ
- Mecuris
- LimbForge, Inc.
- Open Bionics
- Create Prosthetics
- Bio3D Technologies
- C Laser GmbH
- Prodways Group
- Prosthetics
- 3T RPD Ltd.
- Formlab
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Key Segments Profiled in the Global 3D Printed Prosthetics Industry Survey
Type:
- Sockets
- Limbs
- Joints
- Others
Material:
- Polyethylene
- Polypropylene
- Acrylics
- Polyurethane
End-use:
- Hospitals
- Rehabilitation Centres
- Prosthetic Clinics
Author
Sabyasachi Ghosh (Associate Vice President at Future Market Insights, Inc.) holds over 12 years of experience in the Healthcare, Medical Devices, and Pharmaceutical industries. His curious and analytical nature helped him shape his career as a researcher.
Identifying key challenges faced by clients and devising robust, hypothesis-based solutions to empower them with strategic decision-making capabilities come naturally to him. His primary expertise lies in Market Entry and Expansion Strategy, Feasibility Studies, Competitive Intelligence, and Strategic Transformation.
Holding a degree in Microbiology, Sabyasachi has authored numerous publications and has been cited in journals, including The Journal of mHealth, ITN Online, and Spinal Surgery News.
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 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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