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3D Printed Prosthetics Global Market Report 2022

3D Printed Prosthetics Global Market Report 2022

  • May 2022
  • 250 pages
  • ID: 6277176
  • Format: PDF
  • The Business Research Company

Summary

Table of Contents

Major players in the 3D printing medical prosthetics market are 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Bionicohand, YouBionic, UNYQ, Mercurys, LimbForge Inc., Open Bionics, Protosthetics, and Create Prosthetics.

The global 3d printed prosthetics market is expected to grow from $0.88 billion in 2021 to $0.96 billion in 2022 at a compound annual growth rate (CAGR) of 8.8%. The market is expected to grow to $1.33 billion in 2026 at a compound annual growth rate (CAGR) of 8.5%.

The 3D printed medical prosthetics market consists of sales of 3D printed medical prosthetics devices and related services. 3D printing technology is used to create an artificial three dimensions’ physical object with the help of computer-aided design, and these prosthetics are intended to help patients with missing or defective body parts to restore normal functions.

The main types in the 3D printed medical prosthetics are sockets, limbs, joints, covers, and others.The prosthetic limbs are used as artificial limbs for those who need limbs.

These are made up of various materials such as polypropylene, polyethylene, acrylics, and polyurethane. These are used by end-users such as hospitals, rehabilitation centers, and prosthetic clinics.

North America was the largest region in the 3D printing medical prosthetics market in 2021.Asia Pacific was the second-largest region in the 3D printing medical prosthetics market.

The regions covered in this report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

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 2019, car crashes in the US resulted in the death of 38,800 people.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.

The delay in elective procedures attributed to the coronavirus outbreak is to act as a major factor to limit the growth of the 3D printed medical prosthetics market.Many countries and hospitals have diverted their healthcare resources to deal with COVID-19 patients.

For instance, according to the Centers for Medicare & Medicaid Services (CMS) safety guidelines released in March 2020, all the elective and non-essential surgical, dental, and medical procedures are delayed in the USA during the 2019 Novel Coronavirus (COVID-19) outbreak. Hence, the delays in surgical or elective procedures are projected to decline the demand for the 3D printed medical prosthetics market shortly.

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 October 2020, Braskem, Americas leading producer of biopolymers has launched Braskem e-NABLE Chapter for Philanthropic Creation of 3D Printed Prosthetic Devices. Braskem was selected to be certified to produce the e-NABLE Phoenix V3 prosthetic hand as it is one of the most commonly produced e-NABLE prosthetic devices.

The countries covered in the 3D printing medical prosthetics market are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, and USA

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