Press release
Global 3D Orthopedics/Prosthetics Market to Reach $1.29 Billion by 2029, Growing at 6.3% CAGR
3D Orthopedics/Prosthetics Market Industry
The growth of the 3D orthopedics/prosthetics market is being fueled by the rise in trauma cases and accidental injuries. Orthopedic prosthetics, the application of artificial limbs (prostheses) to enhance the functions and lifestyle of individuals who have lost their limbs, needs to be constructed with the suitable alignment, materials, and design to effectively cater to the functional needs of an individual. For example, the Wisconsin Department of Health Services, a US-based public health department, noted a 4% increase in traumatic injuries treated by Trauma System Hospitals in Wisconsin in December 2023, along with a 3% rise specifically in pediatric trauma cases. Additionally, there were 44,970 trauma system entries and 38,198 distinct injury events in the same year. As a result, the burgeoning number of trauma cases and accidental injuries is fostering the market for 3D orthopedics/ prosthetics.
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What is the future CAGR of the 3d orthopedics/prosthetics market, and how will it impact industry expansion?
The expansion of the 3D orthopedics/prosthetics market has been consistent in recent years. Projected growth sees it rising from $0.97 billion in 2024 to $1.01 billion in 2025, reflecting a compound annual growth rate (CAGR) of 3.6%. The growth experienced in the previous period can be traced back to factors such as the escalating rates of disability, heightened demand for orthopedic medical equipment, a surge in joint replacement surgical procedures, advancement in technology, increased spending on healthcare, and the growth of emerging markets.
The market for 3D orthopedics/prosthetics is estimated to witness robust expansion in the years to come, reaching a value of $1.29 billion by 2029, with a compound annual growth rate (CAGR) of 6.3%. The anticipated growth during this period can be primarily attributed to factors like an aging population, an increase in amputations due to diabetes, a surge in road mishaps and sports-related injuries, along with rising demand for joint reconstruction disorders treatments. Major market trends projected for the future include the adoption of smart wearables for accurate prosthesis manipulation, a shift towards environmentally friendly alternatives, the application of artificial intelligence for individual patient anatomy comparison, and the utilization of Internet-of-things (IoT) enabled solutions for surgical data collection and monitoring. Moreover, customization of implants with innovative biomaterials to suit specific patient issues, the evolution of technology for enhancing efficiency and results, collaboration with firms to widen market reach and resource utilization, and investment in businesses aiming to create advanced products, are all expected to shape the market during the forecast period.
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What are the most significant trends transforming the 3d orthopedics/prosthetics market today?
The 3D orthopedics/prosthetics market is experiencing a rise in the popularity of smart wearables. These wearables employ robotics and artificial intelligence to offer exact control of the prosthesis by discerning electric nerve signals from the patient's muscles through a specially designed algorithm. For example, in February 2022, a prosthetic arm was developed by Esper Bionics, an engineering startup based in New York. This arm, equipped with intuitive self-learning technology, surpasses similar prosthetics with its proficiency in accurately predicting the intended movement. Esper Hand governs movement through a brain-computer interface (BCI) utilizing electromyography, a computer-based method that captures brain activity or data. This essentially means, the wearer's brain sends signals to specific muscles, activating them as and when required to manipulate the prosthetic.
Which key market segments comprise the 3d orthopedics/prosthetics market and drive its revenue growth?
The 3D orthopedics/prosthetics market covered in this report is segmented -
1) By Product Type: Upper Extremity Orthopedic & Prosthetics, Lower Extremity Orthopedic & Prosthetics, Other Product Type
2) By Technology: Conventional, Electric-powered, Hybrid
3) By End User: Hospitals, Orthopedic And Prosthetic Centers, Rehabilitation Center, Other End-Users
Subsegments:
1) By Upper Extremity Orthopedic And Prosthetics: Prosthetic Arms, Prosthetic Hands, Orthotic Braces for Arms, Shoulder and Elbow Supports
2) By Lower Extremity Orthopedic And Prosthetics: Prosthetic Legs, Prosthetic Feet, Orthotic Braces for Legs, Knee and Ankle Supports
3) By Other Product Type: Custom-Made Orthopedic Devices, 3D Printed Implants, Surgical Guides and Templates, Rehabilitation Devices
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What regions are at the forefront of 3d orthopedics/prosthetics market expansion?
North America was the largest region in the 3D orthopedics/prosthetics market in 2024. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3d orthopedics/prosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Who are the leading players fueling growth in the 3d orthopedics/prosthetics market?
Major companies operating in the 3D orthopedics/prosthetics market include Johnson & Johnson Inc., Zimmer Biomet, Ottobock Inc., DJO Global Inc., Instalimb Inc., Open Bionics, Tangible Solutions Inc., Tornier Inc., Corin Group Plc., PolyNovo Limited, Exactech Inc., United Orthopedic Corporation, Aesculap Implant Systems Victrex, Evonik, Stryker Corporation, Allegra Orthopedics, Lepu Medical Technology Company (Beijing) Co. Ltd, Yuwell - Jiangsu Yuyue Medical Equipment & Supply Co. Ltd, Shanghai Runda Medical Technology Co. Ltd., GE Healthcare China Co. Ltd., Beznoska Company Ltd, Sanatmetal Ltd, Medin a.s., Globus Medical Inc., Collagen Matrix Inc., NEOORTHO, Manoel Amaral Baumer, Biomecânica, ORTOBIO, Smith & Nephew, Ortosintese, IMPOL Próteses Ortopédicas, Wright Medical, B. Braun, Meril Life, Elixir Medical Equipment LLC, Matrix Medical, Gulf Medical Co, Almarfa Medical, Lithotech Medical, 3D Systems, Global Medical, Medtronic Africa, EgiFix Medical
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What Is Covered In The 3D Orthopedics/Prosthetics Global Market Report?
•Market Size Forecast: Examine the 3d orthopedics/prosthetics market size across key regions, countries, product categories, and applications.
•Segmentation Insights: Identify and classify subsegments within the 3d orthopedics/prosthetics market for a structured understanding.
•Key Players Overview: Analyze major players in the 3d orthopedics/prosthetics market, including their market value, share, and competitive positioning.
•Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 3d orthopedics/prosthetics market.
•Segment Contributions: Evaluate how different segments drive overall growth in the 3d orthopedics/prosthetics market.
•Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 3d orthopedics/prosthetics market.
•Industry Challenges: Identify potential risks and obstacles affecting the 3d orthopedics/prosthetics market.
•Competitive Landscape: Review strategic developments in the 3d orthopedics/prosthetics market, including expansions, agreements, and new product launches.
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