Press release
3D Orthopedics/Prosthetics: A Leading Driver Behind Rise In Trauma Cases And Accidental Injuries Fuels Growth Of 3D Orthopedics/Prosthetics Market Market Expansion in 2025
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts.What Will the 3D Orthopedics/Prosthetics Industry Market Size Be by 2025?
The steady expansion of the 3D orthopedics/prosthetics market in recent years has been noteworthy. The market value is slated to increase from $0.97 billion in 2024 to $1 billion in 2025, reflecting a compound annual growth rate (CAGR) of 2.7%. Factors that contributed to this growth during the historic period include the surge in disability rates, a greater demand for orthopedic medical products, an upward trend in joint replacement surgery, technological progress, increased spending on healthcare, and the expansion of emerging markets.
What's the Long-Term Growth Forecast for the 3D Orthopedics/Prosthetics Market Size Through 2029?
Strong upward trends are expected for the 3D orthopedics and prosthetics marketplace, with a projected rise to $1.27 billion by 2029 while maintaining a compound annual growth rate (CAGR) of 6.1%. Numerous factors are contributing to this growth within the predicted period, including the increasing aging population, a rise in diabetes-linked amputations, an upswing in vehicular accidents and sports-related injuries, and a heightened demand for solutions to joint reconstruction impairments. There are several significant trends anticipated within this timespan - adoption of state-of-the-art wearables to perfect prosthesis control, a heightened focus on environmentally-friendly alternatives, utilization of artificial intelligence to analyze a patient's singular anatomy, implementation of solutions powered by the Internet-of-things (IoT) to enhance surgical monitoring and data collection, tailoring of implants to a patient's unique condition via innovative biomaterials, advancing technologies for optimal results and efficacy, collaborations with different companies for market expansion and resource sharing, and investing to promote the conception of cutting-edge products.
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What Are the Key Growth Drivers Fueling the 3D Orthopedics/Prosthetics Market Expansion?
The 3D orthopedics/prosthetics market is experiencing growth due to the rising number of trauma incidents and accidental injuries. The practice of employing replacement limbs, or orthopedic prosthetics, to enhance the function and quality of life of limb-loss individuals is prevalent. The prosthesis needs to be precisely tailored, involving the right alignment, creation, materials, and design to cater to the individual's functional needs. For instance, the Wisconsin Department of Health Services, a US-based public health department, reported a 4% increase in traumatic injuries treatment in Trauma System Hospitals in Wisconsin, and a 3% specific rise in pediatric trauma cases in December 2023. In 2023, there were 44,970 entries in the trauma system and 38,198 unique injury events. Consequently, the surge in trauma cases and accidental injuries is propelling the 3D orthopedics/ prosthetics market forward.
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Which Fast-Growing Trends Are Poised to Disrupt the 3D Orthopedics/Prosthetics Market?
The 3D orthopedics/prosthetics market is seeing a surge of interest in smart wearable technology. These futuristic wearables deploy robotics and artificial intelligence for the precise operation of prosthetics by decoding nerve signals from the patient's muscular system. For example, Esper Bionics, an engineering startup located in New York, developed a prosthetic arm fortified with advanced self-learning technology in February 2022. This technology surpasses its counterparts in predicting intended motion. Sitting at the heart of the Esper Hand is a brain-computer interface (BCI) that uses electromyography to collect brain activity data. This allows the wearer's brain to transmit signals to specific muscles to stimulate them, enabling the wearer to control the prosthetic as per their will.
How Is the 3D Orthopedics/Prosthetics Market Segmented?
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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Which Companies Are Leading the Charge in 3D Orthopedics/Prosthetics Market Innovation?
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
Which Regions Are Leading the Global 3D Orthopedics/Prosthetics Market in Revenue?
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.
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