Press release
Transformative Trends Impacting the 3D Printed Prosthetics Market Landscape: Advancements In 3D Printing Prosthetics Market With Galileo System
3D Printed Prosthetics
What Will the 3D Printed Prosthetics Industry Market Size Be by 2025?
The market size of 3D printed prosthetics has significantly expanded over the recent years. It is projected to rise from $0 billion in 2024 to $0 billion in 2025, with a compound annual growth rate (CAGR) of 8.0%. The historical growth of this sector is a result of several factors such as customization tailored to individual needs, cost-effectiveness, affordability, alliances and partnerships. The development of patient-oriented solutions, regulatory certifications, and adherence to quality standards also contributed to this growth.
What's the Long-Term Growth Forecast for the 3D Printed Prosthetics Market Size Through 2029?
In the upcoming years, a swift expansion is anticipated in the 3D printed prosthetics market, with its size estimated to reach $0 billion by 2029, maintaining a compound annual growth rate (CAGR) of 16.9%. The escalation expected during the forecast period can be tied to factors such as the broadening of pediatric applications, advancement in biocompatible materials, initiatives aimed at global accessibility, and growing awareness and acceptance, along with remote monitoring and adjustments. The time of forecast might also witness significant trends like the integration of sensory technologies, technological merging, regulatory adjustments catering to technological advancements, breakthroughs in 3D printing technology, and the inclusion of bionic technology.
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What Are the Key Growth Drivers Fueling the 3D Printed Prosthetics Market Expansion?
The escalating incidence of unintentional injuries is contributing to the expansion of the 3D printing prosthetic devices market. These accidents can inflict grave harm that sometimes necessitates amputation. For example, as stated by The Welsh Government's official website in June 2024, the police in Wales reported 4,447 road casualties due to accidents in 2022, showing a 2% increase from the previous year. Out of these casualties, 1,016 (23%) sustained fatal or severe injuries, maintaining a rate similar to 2021. Furthermore, 3,431 (77%) of the casualties suffered minor injuries, marking a 3% increase from 2021. Thus, the mounting prevalence of incidental injuries is propelling the growth of the 3D printed prosthetics market.
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What Are the Key Trends Driving 3D Printed Prosthetics Market Growth?
In the 3D printing prosthetics sector, businesses are prioritizing the creation of water-resistant prosthetic machines. The goal of this innovation is to enhance the mobility range of the user, particularly in sports. Take Protosthetics, a U.S.-based enterprise that manufactures prosthetic devices, for example. In April 2022, it introduced Galileo, a solution for 3D printed prosthetics. This system integrates top-notch technology, materials, and service to offer a smooth solution to orthotics and prosthetics (O&P) practices. The Galileo system allows clinicians to collaborate directly with experts in 3D printing to quickly and efficiently produce successful sockets.
How Is the 3D Printed Prosthetics Market Segmented?
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 Companies Are Leading the Charge in 3D Printed Prosthetics Market Innovation?
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.
Which Regions Are Leading the Global 3D Printed Prosthetics Market in Revenue?
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.
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