Dublin, Dec. 26, 2022 (GLOBE NEWSWIRE) -- The "3D Printed Prosthetics Market Size, Share & Trends Analysis Report By Type (Sockets, Limbs, Joints), By Material (Polypropylene, Polyethylene), By End Use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering.
The global 3D printed prosthetics market size is expected to reach USD 2.3 billion by 2030. The market is expected to register a CAGR of 7.7% from 2023 to 2030.
3D printed prosthetics is a field of medicine that uses additive manufacturing technologies rather than traditional subtractive manufacturing methods to create artificial body parts.
The major factor driving the market growth is that the production costs of such medical devices are driven down by using additive manufacturing, making them more affordable for the masses. Orthotics and prosthetics are a great fit for 3D printing technology as they are made of plastic and they must be ideal-made to fit each patient.
The World Health Organization estimates that around 30 million globally are in need of prosthetics, and adopting the 3D printing technique can help increase availability for individuals especially in remote regions at a lower cost. Such factors coupled with high patient comfort and easy customization are expected to boost the market growth.
Advancements in body modeling and 3D scanning technologies from players such as Body Labs will enable individuals to 3D scan their limbs and have prosthetics molded after them, allowing a more natural fitting and appearance.
The advent of COVID-19 impacted the additive manufacturing market as the pandemic resulted in supply chain bottlenecks and manufacturing closures mostly in the initial quarters of 2020.
However, the 3D printing market witnessed a significant boost post-pandemic as this is a disruptive technology and has emerged as a potential solution to curb medical device supply shortages.
Moreover, the key players in the 3D printed prosthetics market reported a sales increase in 2021 and this indicates that the market has recovered from the COVID-19 impact and is expected to grow eminently in the future.
3D Printed Prosthetics Market Report Highlights
- The limbs type segment is projected to dominate the market throughout the forecast period. This is because the demand for 3D printed prosthetics for limbs is higher than for other body parts.
- The polypropylene material segment is projected to grow fast over the forecast period as it is a standard material used in 3D printing.
- Hospitals end-use segment dominated the market owing to the fact that the majority of prosthetic treatment services are carried out in a hospital facility that employs professional prosthetists.
- North America accounted for the highest share of the due to high awareness of prosthetic treatments and the presence in the market.
- Asia Pacific region is expected to grow at a CAGR of 8.5% owing to the rise in the number of accidental cases in Asian countries.
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 3D Printed Prosthetics Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Market Dynamics
3.2.1 Market Driver Analysis
3.2.1.1 Rising Number Of Accidental Injuries
3.2.1.2 Rising Investment In R&D Of 3d Printing
3.2.2 Market Restraint Analysis
3.2.2.1 Stringent Regulatory Policies
3.3 3d Printed Prosthetics: Market Analysis Tools
3.3.1 Industry Analysis - Porter's Five Forces
3.3.2 PESTEL Analysis
3.3.3 Major Deals & Strategic Alliances Analysis
3.4 Covid Impact And Recovery Analysis
Chapter 4 3D Printed Prosthetics Market: Segment Analysis, By Type, 2018 - 2030 (USD Million)
4.1 Definitions & Scope
4.2 Type Segment Dashboard
4.3 Global 3d Printed Prosthetics Market: Type Market Share Analysis, 2022 & 2030
4.4 Market Size & Forecasts And Trend Analysis, 2018 To 2030
4.4.1 Sockets
4.4.1.1 Sockets Market Estimates And Forecasts, 2018 - 2030 (USD Million)
4.4.2 Limbs
4.4.2.1 Limbs Market Estimates And Forecasts, 2018 - 2030 (USD Million)
4.4.3 Joints
4.4.3.1 Joints Market Estimates And Forecasts, 2018 - 2030 (USD Million)
4.4.4 Others
4.4.4.1 Others Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 5 3D Printed Prosthetics Market: Segment Analysis, By Material, 2018-2030 (USD Million)
5.1 Definitions & Scope
5.2 Material Segment Dashboard
5.3 Global 3d Printed Prosthetics Market: Material Market Share Analysis, 2022 & 2030
5.4 Market Size & Forecasts And Trend Analyses, 2018 To 2030
5.4.1 Polyethylene
5.4.1.1 Polyethylene 3d Printed Prosthetics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.4.2 Polypropylene
5.4.2.1 Polypropylene 3d Printed Prosthetics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.4.3 Acrylics
5.4.3.1 Acrylics 3d Printed Prosthetics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
5.4.4 Polyurethane
5.4.4.1 Polyurethane 3d Printed Prosthetics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 6 3D Printed Prosthetics Market: Segment Analysis, By End-Use, 2018 - 2030 (USD Million)
6.1 Definitions & Scope
6.2 End-Use Segment Dashboard
6.3 Global 3d Printed Prosthetics Market: End-Use Market Share Analysis, 2022 & 2030
6.4 Market Size & Forecasts And Trend Analysis, 2018 To 2030
6.4.1 Hospitals
6.4.1.1 Hospitals Market Estimates And Forecasts, 2018 - 2030 (USD Million)
6.4.2 Rehabilitation Centers
6.4.2.1 Rehabilitation Centers Market Estimates And Forecasts, 2018 - 2030 (USD Million)
6.4.3 Prosthetic Clinics
6.4.3.1 Prosthetic Clinics Market Estimates And Forecasts, 2018 - 2030 (USD Million)
Chapter 7 3D Printed Prosthetics Market: Regional Movement Analysis, 2018-2030 (USD Million)
Chapter 8 3D Printed Prosthetics Market Competitive Landscape
8.1 Recent Developments & Impact Analysis, By Key Market Participants
8.2 Company/Competition Categorization (Key Innovators, Market Leaders, Emerging Players)
8.2.1 Participant Categorization
8.3 Vendor Landscape
8.3.1 List Of Key Product Providers
8.3.2 Market Differentiators
8.3.3 Market Share Analysis
8.4 Key Companies Profiled
8.4.1 3D SYSTEMS CORPORATION
8.4.1.1 Company Overview
8.4.1.2 Financial Performance
8.4.1.3 Product Benchmarking
8.4.1.4 Strategic initiatives
8.4.2 ENVISIONTEC
8.4.2.1 Company overview
8.4.2.2 Financial performance
8.4.2.3 Product benchmarking
8.4.3 STRATASYS LTD.
8.4.3.1 Company overview
8.4.3.2 Financial performance
8.4.3.3 Product benchmarking
8.4.3.4 Strategic initiatives
8.4.4 BIONICOHAND
8.4.4.1 Company Overview
8.4.4.2 Financial performance
8.4.4.3 Product benchmarking
8.4.5 YOUBIONIC
8.4.5.1 Company overview
8.4.5.2 Financial Performance
8.4.5.3 Product Benchmarking
8.4.5.4 Strategic Initiative
8.4.6 UNYQ
8.4.6.1 Company overview
8.4.6.2 Financial Performance
8.4.6.3 Product Benchmarking
8.4.7 MECURIS
8.4.7.1 Company overview
8.4.7.2 Financial Performance
8.4.7.3 Product benchmarking
8.4.7.4 Strategic initiatives
8.4.8 LIMBFORGE, INC.
8.4.8.1 Company overview
8.4.8.2 Financial Performance
8.4.8.3 Product Benchmarking
8.4.9 OPEN BIONICS
8.4.9.1 Company Overview
8.4.9.2 Financial Performance
8.4.9.3 Product Benchmarking
8.4.10 CREATE PROSTHETICS
8.4.10.1 Company Overview
8.4.10.2 Financial Performance
8.4.10.3 Product Benchmarking
8.4.10.4 Strategic Initiatives
8.4.11 BIO3D TECHNOLOGIES
8.4.11.1 Company Overview
8.4.11.2 Financial Performance
8.4.11.3 Product Benchmarking
8.4.11.4 Strategic Initiatives
8.4.12 LASER GMBH
8.4.12.1 Company Overview
8.4.12.2 Financial Performance
8.4.12.3 Product Benchmarking
8.4.12.4 Strategic Initiatives
8.4.13 PRODWAYS GROUP
8.4.13.1 Company Overview
8.4.13.2 Financial Performance
8.4.13.3 Product Benchmarking
8.4.13.4 Strategic Initiatives
8.4.14 3T RPD LTD.
8.4.14.1 Company Overview
8.4.14.2 Financial Performance
8.4.14.3 Product Benchmarking
8.4.14.4 Strategic Initiatives
8.4.15 FORMLABS
8.4.15.1 Company Overview
8.4.15.2 Financial Performance
8.4.15.3 Product Benchmarking
8.4.15.4 Strategic Initiatives
For more information about this report visit https://www.researchandmarkets.com/r/z6350z
