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Global 3D Printed Prosthetics Market to Reach $0 Billion by 2029, Growing at 16.9% CAGR
3D Printed Prosthetics
The escalation in incidental injuries is fueling the expansion of the 3D printing prosthetic devices market. Injuries from accidents can inflict severe harm and may sometimes necessitate amputation. A case in point is statistics from June 2024, cited on The Welsh Government's official website. The data reveal that in 2022, police in Wales reported a total of 4,447 road casualties, reflecting a 2% increase from 2021. Out of these, 1,016 (23%) either lost their lives or were gravely hurt, mirroring similar figures in 2021. In contrast, 3,431 (77%) suffered minor injuries, marking a 3% rise compared with 2021. Consequently, the surge in numbers of accidental injuries propels the growth of the 3D printed prosthetics market.
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What Is the projected market size and growth rate for the 3d printed prosthetics market?
The market for 3D printed prosthetics has experienced considerable expansion in the recent past. The market's size is set to increase from $0 billion in 2024 to $0 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. Factors like increased personalization for individual users, cost-effectiveness, collaborations and alliances, custom-made patient solutions, approval from regulatory bodies, and high quality standards have all fueled the growth experienced during the historic period.
The market size of 3D printed prosthetics is anticipated to experience a swift expansion in the upcoming years, reaching to the value of $0 billion by 2029 with a CAGR of 16.9%. The surge during the prediction period can be credited to factors such as remote monitoring and modifications, the broadening of pediatric applications, advancements in biocompatible materials, initiatives for global accessibility, and increased awareness and acceptance. The forecast period is also likely to witness major trends such as the incorporation of sensory technologies, technological amalgamation, adaptation of regulations to technological innovations, developments in 3D printing technology, and the implementation of bionic technology.
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How are the latest trends influencing the growth of the 3d printed prosthetics market?
Firms operating in the 3D printing prosthetics market are prioritising the creation of waterproof prosthetic devices. The objective of this novel approach is to extend the user's mobility range, particularly in the field of sports. For instance, Protosthetics, a company based in the US that produces prosthetics devices, unveiled Galileo in April 2022 for 3D printed prosthetics. Galileo represents a 3D printing solution that amalgamates top-notch technology, materials, and support to offer a comprehensive solution to orthotics and prosthetics (O&P) practices. The Galileo system creates a link between clinicians and 3D printing experts to facilitate the real-time creation of successful sockets.
What major market segments define the scope and growth of the 3d printed prosthetics market?
The 3D printed prosthetics market covered in this report is segmented -
1) By Type: Sockets, Limbs, Joints, Covers, Other Types
2) By Material: Polypropylene, Polyethylene, Acrylics, Polyurethane
3) By End-User: Hospitals, Rehabilitation Centers, Prosthetic Clinics
Subsegments:
1) By Sockets: Adjustable Sockets, Standard Sockets
2) By Limbs: Upper Limb Prosthetics, Lower Limb Prosthetics
3) By Joints: Knee Joints, Ankle Joints, Elbow Joints
4) By Covers: Cosmetic Covers, Functional Covers
5) By Other Types: Pediatric Prosthetics, Custom-Made Prosthetics
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Which region dominates the 3d printed prosthetics market?
North America was the largest region in the 3D printing medical prosthetics market in 2024. Asia-Pacific was the second-largest region in the global 3D printed prosthetics market. The regions covered in the 3d printed prosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Which key market leaders are driving the 3d printed prosthetics industry growth?
Major companies operating in the 3D printed prosthetics market include HP Inc., Laser GmbH, Otto Bock HealthCare GmbH, EOS GmbH, Renishaw Plc, Stratasys Ltd., 3D Systems Corporation, Materialise NV, Groupe Gorge SA, Carbon Inc., SLM Solutions Group AG, Prodways Group, Formlabs Inc., Arcam AB, EnvisionTEC, Freedom Innovations LLC, LimbForge Inc., Concept Laser GmbH, Open Bionics Ltd., UNYQ Inc., Mecuris GmbH, YouBionic S.r.l., Protosthetics LLC, Bionico Hand Solutions, Create Prosthetics Inc., Bio3D Technologies Pte Ltd., 3T RPD Ltd., Ultimaker BV, XYZprinting Inc.
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What Is Covered In The 3D Printed Prosthetics Global Market Report?
• Market Size Forecast: Examine the 3d printed prosthetics market size across key regions, countries, product categories, and applications.
• Segmentation Insights: Identify and classify subsegments within the 3d printed prosthetics market for a structured understanding.
• Key Players Overview: Analyze major players in the 3d printed prosthetics market, including their market value, share, and competitive positioning.
• Growth Trends Exploration: Assess individual growth patterns and future opportunities in the 3d printed prosthetics market.
• Segment Contributions: Evaluate how different segments drive overall growth in the 3d printed prosthetics market.
• Growth Factors: Highlight key drivers and opportunities influencing the expansion of the 3d printed prosthetics market.
• Industry Challenges: Identify potential risks and obstacles affecting the 3d printed prosthetics market.
• Competitive Landscape: Review strategic developments in the 3d printed prosthetics market, including expansions, agreements, and new product launches.
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