3D Orthopedics Or Prosthetics market forecast 2023-2032 - major trends, lucrative segments and fastest growing regions

As per The Business Research Company's 3D Orthopedics Or Prosthetics Opportunities And Strategies Market Report 2023, The global 3D orthopedics/prosthetics market reached a value of nearly $812.3 million in 2021, having increased at a compound annual growth rate (CAGR) of 2.9% since 2016. The market is expected to grow from $812.3 million in 2021 to $1,095.6 million in 2026 at a rate of 6.2%. The market is then expected to grow at a CAGR of 5.8% from 2026 and reach $1,453.1 million in 2031.

The rising number of amputations due to diabetes will drive the growth of the 3D orthopedics/prosthetics market during the forecast period. Amputation is a major complication of diabetes resulting in the surgical removal of a toe, a foot or part of a leg. Amputation is mainly caused by high blood sugar levels. The rising number of diabetes-related amputations will create a significant demand for 3D orthopedics/prosthetics as the aid in the replacement of a toe, a foot or part of a leg, supporting the functions of parts being removed. For instance, according to an estimation by the Centers for Disease Control and Prevention (CDC), 1 in 5 Americans (US) will have diabetes by 2025. This statistic indicates that amputations will increase due to the high prevalence of diabetes. Therefore, this will drive the growth of the 3D orthopedics/prosthetics market during the forecast period.

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Smart wearables are gaining traction in the 3D orthopedics/prosthetics market. Smart wearables use robotics and artificial intelligence to precisely control the prosthesis by allowing the algorithm to understand electric nerve signals from the patient's muscles. For instance, in February 2022, Esper Bionics, a New York-based engineering startup, constructed a prosthetic arm with intuitive self-learning technology that outperforms comparable prosthetics in its ability to predict intended movement. Esper Hand controls movement via a brain-computer interface (BCI) based on electromyography, a method of computer-based technology that collects brain activity or information. The brain of the wearer sends signals to particular muscles to activate them when they desire to operate the prosthetic.

Opportunities -The top opportunities in the 3D orthopedics/prosthetics market by product type will arise in the lower extremity orthopedic & prosthetics market, which will gain $177.9 million of global annual sales by 2026. The top opportunities in the 3D orthopedics/prosthetics market by technology will arise in the electric-powered market, which will gain $137.0 million of global annual sales by 2026. The top opportunities in the 3D orthopedics/prosthetics market by end user will arise in hospitals market, which will gain $172.0 million of global annual sales by 2026. The 3D orthopedics/prosthetics market size will gain the most in the USA at $97.6 million.
3D Orthopedics Or Prosthetics Market Segmentation:
The 3D Orthopedics Or Prosthetics market is segmented

By Product Type-
The 3D orthopedics/prosthetics market is segmented by product type into
a) Upper Extremity Orthopedic & Prosthetics
b) Lower Extremity Orthopedic & Prosthetics
c) Other Product Type

By Technology-
The 3D orthopedics/prosthetics market is segmented by technology into
a) Conventional
b) Electric-Powered
c) Hybrid

By End User-
The 3D orthopedics/prosthetics market is segmented by end user into
a) Hospitals
b) Orthopedic And Prosthetic Centers
c) Rehabilitation Center
d) Other End Users.

Major players in the 3D Orthopedics Or Prosthetics market include Johnson & Johnson, Inc, Zimmer Biomet, Ottobock Inc, DJO Global Inc, Instalimb, Inc

The regions covered in the global 3D Orthopedics Or Prosthetics market are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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The latest report from The Business Research Company, 'Global 3D Orthopedics Or Prosthetics Opportunities And Strategies Market Report - Forecast To 2032,' provides a comprehensive global perspective with data and statistics from 60+ geographies, analyzing 7000+ market segments. The regional and country breakdowns section offers insights into each geography's market analysis, size, historic and forecast growth, and key strategies for industry competitiveness.

3D Orthopedics Or Prosthetics Market Report Table Of Content

1.Executive Summary
2.Table of Contents
3.List of Figures
4.List of Tables
5.Report Structure
.............................................................
18. Competitive Landscape And Company Profiles
19. Key Mergers and Acquisitions
20. Global 3D Orthopedics/Prosthetics Market Opportunities And Strategies
21. 3D Orthopedics/Prosthetics Market, Conclusions And Recommendations
22.Appendix

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