Orthopaedic Prosthetics Market by Product - Upper Extremity Prosthetics: Hand Prosthetics, Elbow Prosthetics, Shoulder Prosthetics; Lower Extremity Prosthetics: Foot & Ankle , rosthetics , Knee Prosthetics, Hip Prosthetics
Request to View a Sample Copy of This Report @ https://www.futuremarketinsights.com/reports/sample/rep-gb-1443
Although associated risks and technical complications are still creating a major roadblock in widespread adoption of orthopedic prosthetics, a new set of technological innovations holds the promise to positively influence the sales of orthopedic prosthetics in near future. One of the innovations includes 3D printed orthopedic prosthetics, which has been observed to impact the scenario for customized orthopedic prosthetic devices.
3D Printing Becomes Fast Track Technology for Tailor-made Orthopedic Prosthetics & Supports
Three-dimensional printing is identified to be a rapid way for manufacturing bespoke orthopedic supports and prosthetics, which efficiently compensate for a deformity, predominantly caused due to a lost limb or paralysis. 3D printed test sockets have already been registering a consistently positive feedback from patients, owing to the comfort, convenience, and well-fitting design. Handicap International (Humanity & Inclusion), a charity, has initiated the use of 3 dimensional printing technology in the making of customized orthopedic prosthetic devices. This technology aids in faster production of devices, and thus offers wider outreach.
Already having launched in developed economies, followed by significantly growing adoption, these bespoke device manufacturing technology is still in its nascent stage within developing economies, prominently due to supply-demand imbalance. A recent survey points out that a maximum of 5% of the total 15% patient population within emerging economies, who need a prosthetic support, brace, or limb, are currently able to get one. The charity is constantly emphasizing R&D along with clinical trials of 3D printed orthopedic prosthetics within developing countries with poor infrastructural settings. The NGO’s current program, which is gaining enormous funds, has also offered free made-to-measure 3D orthopedic prosthetic devices to hundreds of patients.
While 3D printing is being perceived as a revolutionary method for orthopedic doctors located in remote areas or conflict zones, as the scanner involved in this process is compact, portable, and convenient to use. However, high price point associated with the manufacturing of these orthopedic prosthetic devices will continue to limit adoption over the next few years.
Request to Browse Report Customization @ https://www.futuremarketinsights.com/customization-available/rep-gb-1443
Reimbursement Scenario Plays a Crucial Role in Pushing Adoption
Rising instances of accidental injuries and growing prevalence of arthritis, have been the key factors fueling the demand for orthopedic prosthetic devices, over the years. Increasing adoption of advanced technology and customized implantable products will also push the market for orthopedic prosthetics in next few years. Favorable reimbursement policies for orthopedic prosthetics will continue to keep the market up in developed economies. However, the market for orthopedic prosthetics within emerging economies is anticipated to thrive at a relatively moderate pace, owing to inadequate reimbursement scenario and lower awareness about the advances and availability of orthopedic prosthetic devices.
As indicated by a recently released market research intelligence report by Future Market Insights (FMI), the global market value for orthopedic prosthetics will possibly cross the mark of US$ 3 billion by the end of 2028. During the projection period 2018-2028, the global orthopedic prosthetics market is expected to witness progressive expansion at a CAGR of 5.1%.
The prices of 3D printed orthopedic prosthetics will possibly witness a dramatic fall in near future, provided that the trials go well and prove to be successful among a considerably large patient population, already using 3D orthopedic prosthetics. It remains to be seen yet, to what extent the innovation in 3D printing will impact the existing options available in orthopedic prosthetic devices. Will growing popularity and adoption of 3D printing technology among orthopedic prosthetic device manufacturers set the global orthopedic prosthetics market at a higher momentum?
Full Report @ https://www.futuremarketinsights.com/reports/orthopaedic-prosthetics-marke
Future Market Insights is the premier provider of market intelligence and consulting services, serving clients in over 150 countries. FMI is headquartered in London, the global financial capital, and has delivery centres in the U.S. and India.
FMI’s research and consulting services help businesses around the globe navigate the challenges in a rapidly evolving marketplace with confidence and clarity. Our customised and syndicated market research reports deliver actionable insights that drive sustainable growth. We continuously track emerging trends and events in a broad range of end industries to ensure our clients prepare for the evolving needs of their consumers.
616 Corporate Way, Suite 2-9018,
Valley Cottage, NY 10989,
This release was published on openPR.
Permanent link to this press release:
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Orthopaedic Prosthetics Market by Product - Upper Extremity Prosthetics: Hand Prosthetics, Elbow Prosthetics, Shoulder Prosthetics; Lower Extremity Prosthetics: Foot & Ankle , rosthetics , Knee Prosthetics, Hip Prosthetics here
News-ID: 1356354 • Views: 432
More Releases from Future Market Insights
How Changing Dynamics of Cable Testing Market are Reflecting on Growth Strategie …
Global Cable Testing Market: Introduction The cost of the substitution of cables that are concealed is very high. Faults in the cable, bending, kinking, and crushing, are not always visible, which has created the requirement for cable testing. Thus, cable testing helps check the cable functionality, cable quality, and cable conformity. Several times, cable testing by visual inspection is an effective way of identifying the actual problem before it causes any
How Transformative Trends in Self-Organising Network Market are Molding Strategi …
Self-Organising Network: Introduction With accelerated advancements and increasing complexities in the radio network technologies, such as those utilised for the development of LTE and 5G networks, which are used for planning, management, configuration, healing and optimisation, are required to be automated to facilitate efficiency. At present, suppliers are offering self-organising networks that possess the ability to offer optimum performance. Self-organising networks are use cases that perform network governance, including network planning,
Mining Vehicle AC Kits Market: Exploring the Impact of Trends on Strategies of K …
Mining Vehicle AC Kits Market: Introduction Cabin space in mining equipment has become more sophisticated in the recent past. The installation of mining vehicle AC kits has evolved from an optional feature to a necessary feature. Mining equipment manufacturers have made advancements in technology related to efficiency, performance and cost of air conditioning systems in order to make them affordable and economical to enable low-budget and compact installations without compromising on
Key Factors to Fuel Growth of the Talent Acquisition & Staffing Technology and S …
With the growing importance of recruiting and retaining top talent effectively and efficiently, smart hiring processes are the need of the hour. It is about time organisations move beyond merely scrutinising resumes. Salaries and benefits are important factors, but adopting ways that would make candidates an important part of the hiring process will attract the best talent. Studies reveal that due to discrepancies in existing Applicant Tracking Systems (ATS), hiring
More Releases for Prosthetics
Intelligent Prosthetics Market Key Players:OpenBionics, Ekso Bionics
This Intelligent Prosthetics Market report is a valuable source of guidance for companies and individuals offering Industry Chain Structure, Business Strategies and Proposals for New Project Investments. The report on the Global Intelligent Prosthetics market provides a complete view of the market by assessing the impact of the technological advancements, changes in investment habits, and n-depth overview of Product Specification This report focuses on the Global Intelligent Prosthetics industry status, future forecast, growth
Orthopaedic Prosthetics Market Report 2018: Segmentation by Type (Upper extremit …
Global Orthopaedic Prosthetics market research report provides company profile for Hanger, Ohio Willow Wood, Otto Bock, Blatchford, Ossur, Touch Bionics and Others. This market study includes data about consumer perspective, comprehensive analysis, statistics, market share, company performances (Stocks), historical analysis 2012 to 2017, market forecast 2018 to 2025 in terms of volume, revenue, YOY growth rate, and CAGR for the year 2018 to 2025, etc. The report also provides detailed
Orthopaedic Prosthetics Market - Global Forecast to 2025
IndexBox has just published a new report "World: Artificial Joints For Orthopedic Purposes - Market Report. Analysis and Forecast to 2025" ( no link?utm_source=opr ). This report is best suitable for you if you: • Are planning to enter a new geographical market and wish to know which one is best for your product • Are planning to enter a new product market and want to have a detailed overview of the market
Orthopedic Prosthetics-Medical Devices Pipeline Assessment 2017
Publisher's Medical Devices sector report, "Orthopedic Prosthetics-Medical Devices Pipeline Assessment, 2017" provides an overview of Orthopedic Prosthetics currently in pipeline stage. The report provides comprehensive information on the pipeline products with comparative analysis of the products at various stages of development. The report reviews major players involved in the pipeline product development. It also provides information about clinical trials in progress, which includes trial phase, trial status, trial start and end
Dental Prosthetics Industry Key Growth Factors
Global Dental Prosthetics Market: Snapshot The geriatric population exhibits potentially the highest demand for dental prosthetics. It is therefore much likely for the global dental prosthetics market to gain increased traction as the geriatric population grows worldwide. Additionally, the rising number of dental procedures conducted around the world has tipped scales in favor of the global dental prosthetics market. This however, is triggered by the rising incidence of dental disorders. Besides
Mixing silicones for facial and other prosthetics
The manufacture of a medical prosthetic device for a patient’s face or similar area is a highly skilled job; each one is unique, and needs to be handled with great sensitivity, as both functional and cosmetic considerations are involved. It may require careful mixing and colour matching of a silicone moulding compound, with no air entrapment, to ensure appearance and consistency of structure. Jim Dimond, Consultant Clinical Maxillofacial Prosthetist at