The 3D printed prosthetics market size has grown strongly in recent years. It will grow from $1.04 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The historical period's growth can be credited to factors such as the expansion of customization for individual users, cost-efficiency, and affordability, collaborations and partnerships, the provision of patient-specific solutions, as well as regulatory approvals and adherence to quality standards.
The 3D printed prosthetics market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be linked to factors such as remote monitoring and adjustments, the expansion of pediatric applications, advancements in biocompatible materials, initiatives for global accessibility, and increasing awareness and acceptance. Noteworthy trends expected in the forecast period encompass the incorporation of sensory technologies, technological convergence, regulatory adaptation to technological advances, advancements in 3D printing technology, as well as the integration of bionic technology.
The growth of the 3D printing prosthetic devices market is being fueled by the increasing incidence of accidental injuries, which can result in severe damage and, in some cases, lead to amputation. In 2021, car crashes in the US caused the highest number of fatalities in 16 years, claiming the lives of 42,915 people. According to the National Centre for Health Statistics, approximately 50,000 new amputation cases arise annually in the US. The rising occurrence of other medical conditions, such as diabetes and vascular diseases, is contributing to an increase in amputations, thereby driving the demand for 3D printing prosthetics. A report published in the American Journal of Managed Care estimated that globally, a patient's leg is amputated every 30 seconds, with 85% of these amputations being a result of a diabetic foot ulcer.
The expected growth of the 3D printing prosthetics market is also attributed to the increasing prevalence of bone cancer. This rare form of cancer originates in the bone tissue itself or spreads to the bones from other parts of the body. 3D printed prosthetic devices play a crucial role in bone cancer cases, repairing bones damaged by cancer and serving as replacements for conventional tumor prostheses and auto or allograft bone grafts for bone reconstruction. In January 2023, the American Cancer Society reported 2,140 deaths and 3,970 new cases of bone cancer, highlighting the continued growth in the prevalence of this condition.
A significant factor limiting the growth of the 3D printed medical prosthetics market is the delay in elective procedures due to the COVID-19 outbreak. Many countries and hospitals have redirected healthcare resources to address COVID-19 patients, leading to the postponement of elective and non-essential surgical, dental, and medical procedures, as per safety guidelines from organizations such as the Centers for Medicare & Medicaid Services (CMS) in the USA. Consequently, these delays are expected to decrease the demand for 3D printed medical prosthetics in the near term.
Companies operating in the 3D printing prosthetics market are prioritizing the development of waterproof prosthetic devices, aiming to enhance users' mobility, especially in athletic activities. In April 2022, Protosthetics, a US-based company manufacturing prosthetic devices, introduced Galileo, a 3D printing solution that seamlessly integrates the best technology, materials, and support for orthotics and prosthetics (O&P) practices. Galileo facilitates real-time collaboration between clinicians and 3D printing experts to create successful sockets.
In May 2022, Essentium Inc., a US-based company offering 3D printed prosthetic devices and solutions, entered into a partnership with Vorum for an undisclosed amount. This collaboration expands Essentium Inc. and Vorum into biocompatible 3D printing for the orthotics and prosthetics industry, introducing a line of biocompatible additive manufacturing materials. Vorum, a Canada-based company, specializes in providing 3D printing solutions for the prosthetics, orthotics, and footwear industries.
Major companies operating in the 3D printed prosthetics market report are 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., Photopolymerization, laser beam melting, The biomedical model of medicine, Ultimaker BV, XYZprinting Inc., Beijing Long Yuan Automated Fabrication System Co.Ltd., Organovo Holdings Inc.
North America was the largest region in the 3D printing medical prosthetics market in 2023. 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. The countries covered in the 3D printed prosthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of 3D printed medical prosthetics include sockets, limbs, joints, covers, and various others. Prosthetic limbs, in particular, function as artificial replacements for individuals in need of limbs. These prosthetic limbs are composed of diverse materials such as polypropylene, polyethylene, acrylics, and polyurethane. End-users of these prosthetics include hospitals, rehabilitation centers, and prosthetic clinics.
The 3D printed medical prosthetics market research report is one of a series of new reports that provides 3D printed medical prosthetics market statistics, including 3D printed medical prosthetics industry global market size, regional shares, competitors with a 3D printed medical prosthetics market share, detailed 3D printed medical prosthetics market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed medical prosthetics industry. This 3D printed medical prosthetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 3D printed prosthetics market consists of sales of 3D printed instruments such as sockets, limbs, joints, covers, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
The 3D printed prosthetics market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The anticipated growth in the forecast period can be linked to factors such as remote monitoring and adjustments, the expansion of pediatric applications, advancements in biocompatible materials, initiatives for global accessibility, and increasing awareness and acceptance. Noteworthy trends expected in the forecast period encompass the incorporation of sensory technologies, technological convergence, regulatory adaptation to technological advances, advancements in 3D printing technology, as well as the integration of bionic technology.
The growth of the 3D printing prosthetic devices market is being fueled by the increasing incidence of accidental injuries, which can result in severe damage and, in some cases, lead to amputation. In 2021, car crashes in the US caused the highest number of fatalities in 16 years, claiming the lives of 42,915 people. According to the National Centre for Health Statistics, approximately 50,000 new amputation cases arise annually in the US. The rising occurrence of other medical conditions, such as diabetes and vascular diseases, is contributing to an increase in amputations, thereby driving the demand for 3D printing prosthetics. A report published in the American Journal of Managed Care estimated that globally, a patient's leg is amputated every 30 seconds, with 85% of these amputations being a result of a diabetic foot ulcer.
The expected growth of the 3D printing prosthetics market is also attributed to the increasing prevalence of bone cancer. This rare form of cancer originates in the bone tissue itself or spreads to the bones from other parts of the body. 3D printed prosthetic devices play a crucial role in bone cancer cases, repairing bones damaged by cancer and serving as replacements for conventional tumor prostheses and auto or allograft bone grafts for bone reconstruction. In January 2023, the American Cancer Society reported 2,140 deaths and 3,970 new cases of bone cancer, highlighting the continued growth in the prevalence of this condition.
A significant factor limiting the growth of the 3D printed medical prosthetics market is the delay in elective procedures due to the COVID-19 outbreak. Many countries and hospitals have redirected healthcare resources to address COVID-19 patients, leading to the postponement of elective and non-essential surgical, dental, and medical procedures, as per safety guidelines from organizations such as the Centers for Medicare & Medicaid Services (CMS) in the USA. Consequently, these delays are expected to decrease the demand for 3D printed medical prosthetics in the near term.
Companies operating in the 3D printing prosthetics market are prioritizing the development of waterproof prosthetic devices, aiming to enhance users' mobility, especially in athletic activities. In April 2022, Protosthetics, a US-based company manufacturing prosthetic devices, introduced Galileo, a 3D printing solution that seamlessly integrates the best technology, materials, and support for orthotics and prosthetics (O&P) practices. Galileo facilitates real-time collaboration between clinicians and 3D printing experts to create successful sockets.
In May 2022, Essentium Inc., a US-based company offering 3D printed prosthetic devices and solutions, entered into a partnership with Vorum for an undisclosed amount. This collaboration expands Essentium Inc. and Vorum into biocompatible 3D printing for the orthotics and prosthetics industry, introducing a line of biocompatible additive manufacturing materials. Vorum, a Canada-based company, specializes in providing 3D printing solutions for the prosthetics, orthotics, and footwear industries.
Major companies operating in the 3D printed prosthetics market report are 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., Photopolymerization, laser beam melting, The biomedical model of medicine, Ultimaker BV, XYZprinting Inc., Beijing Long Yuan Automated Fabrication System Co.Ltd., Organovo Holdings Inc.
North America was the largest region in the 3D printing medical prosthetics market in 2023. 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. The countries covered in the 3D printed prosthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.
The primary types of 3D printed medical prosthetics include sockets, limbs, joints, covers, and various others. Prosthetic limbs, in particular, function as artificial replacements for individuals in need of limbs. These prosthetic limbs are composed of diverse materials such as polypropylene, polyethylene, acrylics, and polyurethane. End-users of these prosthetics include hospitals, rehabilitation centers, and prosthetic clinics.
The 3D printed medical prosthetics market research report is one of a series of new reports that provides 3D printed medical prosthetics market statistics, including 3D printed medical prosthetics industry global market size, regional shares, competitors with a 3D printed medical prosthetics market share, detailed 3D printed medical prosthetics market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed medical prosthetics industry. This 3D printed medical prosthetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 3D printed prosthetics market consists of sales of 3D printed instruments such as sockets, limbs, joints, covers, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
This product will be delivered within 3-5 business days.
Table of Contents
1. Executive Summary2. 3D Printed Prosthetics Market Characteristics3. 3D Printed Prosthetics Market Trends and Strategies32. Global 3D Printed Prosthetics Market Competitive Benchmarking33. Global 3D Printed Prosthetics Market Competitive Dashboard34. Key Mergers and Acquisitions in the 3D Printed Prosthetics Market
4. 3D Printed Prosthetics Market - Macro Economic Scenario
5. Global 3D Printed Prosthetics Market Size and Growth
6. 3D Printed Prosthetics Market Segmentation
7. 3D Printed Prosthetics Market Regional and Country Analysis
8. Asia-Pacific 3D Printed Prosthetics Market
9. China 3D Printed Prosthetics Market
10. India 3D Printed Prosthetics Market
11. Japan 3D Printed Prosthetics Market
12. Australia 3D Printed Prosthetics Market
13. Indonesia 3D Printed Prosthetics Market
14. South Korea 3D Printed Prosthetics Market
15. Western Europe 3D Printed Prosthetics Market
16. UK 3D Printed Prosthetics Market
17. Germany 3D Printed Prosthetics Market
18. France 3D Printed Prosthetics Market
19. Italy 3D Printed Prosthetics Market
20. Spain 3D Printed Prosthetics Market
21. Eastern Europe 3D Printed Prosthetics Market
22. Russia 3D Printed Prosthetics Market
23. North America 3D Printed Prosthetics Market
24. USA 3D Printed Prosthetics Market
25. Canada 3D Printed Prosthetics Market
26. South America 3D Printed Prosthetics Market
27. Brazil 3D Printed Prosthetics Market
28. Middle East 3D Printed Prosthetics Market
29. Africa 3D Printed Prosthetics Market
30. 3D Printed Prosthetics Market Competitive Landscape and Company Profiles
31. 3D Printed Prosthetics Market Other Major and Innovative Companies
35. 3D Printed Prosthetics Market Future Outlook and Potential Analysis
36. Appendix
Executive Summary
3D Printed Prosthetics Global Market Report 2024 provides strategists, marketers and senior management with the critical information they need to assess the market.This report focuses on 3d printed prosthetics market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Reasons to Purchase
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- Measure the impact of high global inflation on market growth.
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- Outperform competitors using forecast data and the drivers and trends shaping the market.
- Understand customers based on the latest market shares.
- Benchmark performance against key competitors.
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- All data from the report will also be delivered in an excel dashboard format.
Where is the largest and fastest growing market for 3d printed prosthetics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? This report answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market’s historic and forecast market growth by geography.
- The market characteristics section of the report defines and explains the market.
- The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
- The forecasts are made after considering the major factors currently impacting the market. These include:
- The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.
- The impact of higher inflation in many countries and the resulting spike in interest rates.
- The continued but declining impact of COVID-19 on supply chains and consumption patterns.
- Market segmentations break down the market into sub markets.
- The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
- The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
- The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.
Report Scope
Markets Covered: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
Key Companies Mentioned: HP Inc.; Laser GmbH; Otto Bock HealthCare GmbH; EOS GmbH; Renishaw Plc
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time Series: Five years historic and ten years forecast
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita
Data Segmentation: Country and regional historic and forecast data, market share of competitors, market segments
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes
Delivery Format: PDF, Word and Excel Data Dashboard
Companies Mentioned
- 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.
- Photopolymerization
- laser beam melting
- The biomedical model of medicine
- Ultimaker BV
- XYZprinting Inc.
- Beijing Long Yuan Automated Fabrication System Co.Ltd.
- Organovo Holdings Inc.
Methodology
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Table Information
Report Attribute | Details |
---|---|
No. of Pages | 250 |
Published | February 2024 |
Forecast Period | 2024 - 2028 |
Estimated Market Value ( USD | $ 1.13 Billion |
Forecasted Market Value ( USD | $ 1.56 Billion |
Compound Annual Growth Rate | 8.4% |
Regions Covered | Global |
No. of Companies Mentioned | 34 |