Future Market Insights predicts that the 3D Printed Prosthetics Market will experience a CAGR of 8% between 2023 and 2033. By 2033, the global market for 3D printed prosthetics is expected to reach a value of US$3.50 billion. The driving force behind this growth is the ability of additive manufacturing to reduce production costs, making prosthetics more affordable for the masses. As orthotics and prosthetics are made of plastic and must be tailored to each patient, they are an ideal fit for 3D printing technology.
According to the World Health Organization, approximately 30 million people worldwide are in need of prosthetics. The adoption of 3D printing technology can increase availability, particularly in remote regions, and reduce costs. Additionally, 3D printing technology offers high patient comfort and easy customization, which is expected to boost market growth. With advancements in body modeling and 3D scanning technologies from players like Body Labs, individuals can 3D scan their limbs and have prosthetics molded to fit their bodies, providing a more natural appearance and fit.
The COVID-19 pandemic initially had an adverse impact on the additive manufacturing market due to supply chain bottlenecks and manufacturing closures in early 2020. However, the 3D printing market experienced a significant boost post-pandemic as a disruptive technology with the potential to curb medical device supply shortages. Furthermore, key players in the 3D printed prosthetics market reported an increase in sales in 2021, indicating market recovery from the pandemic and expected growth in the future.
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
Get More Details@ https://www.futuremarketinsights.com/reports/3d-printed-prosthetics-market
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
Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact: https://www.thebusinessresearchcompany.com/global-market-reportsThe 3D Printed Prosthetics Global Market Report 2020-30 by The Business Research Company describes and explains the global 3D printed prosthetics market and covers 2015 to 2020, termed the historic period, and 2020 to 2025, termed the forecast period, along with further forecasts for the period 2025-2030.
The report evaluates the market across each region and for the major economies within each region.The 3D Printed Prosthetics Global Market Report 2021 covers 3D printed prosthetics market drivers, 3D printed prosthetics market trends, 3D printed prosthetics market segments, 3D printed prosthetics market growth rate, 3D printed prosthetics market major players, and 3D printed prosthetics market size.View Complete Report: https://www.thebusinessresearchcompany.com/report/3d-printed-prosthetics-global-market-reportThe 3D printed prosthetics market report provides an in-depth analysis of the impact of COVID-19 on the global 3D printed prosthetics industry, along with revised market numbers due to the effects of the coronavirus and the expected 3D printed prosthetics market growth numbers 2021-2030.3D Printed Prosthetics Global Market Report 2021 is the most comprehensive report available on this market and will help gain a truly global perspective as it covers 60 geographies.
The chapter on the impact of COVID-19 gives valuable insights on supply chain disruptions, logistical challenges, and other economic implications of the virus on the market.
The chapter also covers markets which have been positively affected by the pandemic.Request For The Sample Now:https://www.thebusinessresearchcompany.com/sample.aspx?id=2512=smpThe global 3D printed prosthetics market is expected to grow from $0.06 billion in 2020 to $0.07 billion in 2021 at a compound annual growth rate (CAGR) of 16.7%.
The market is expected to reach $0.12 billion in 2025 at a CAGR of 14%.The report covers the 3D printed prosthetic market segments-1) By Material: Polypropylene, Polyethylene, Acrylics, Polyurethane.2) By Type: Sockets, Limbs, Joints, Covers, Others.3) By End-User: Hospitals, Rehabilitation Centers, Prosthetic Clinics.About The Business Research Company: The Business Research Company is a market research and intelligence firm that excels in company, market, and consumer research.
It has over 200 research professionals at its offices in India, the UK and the US, as well a network of trained researchers globally.
