Global 3D Printed Prosthetics Market Will Be Worth USD 2.3 Billion by 2030: GranPosted by Sona Kulkarni on August 30th, 2023 3D Printed Prosthetics Market Growth & Trends The global 3D printed prosthetics market size is expected to reach USD 2.3 billion by 2030, according to a new report by Grand View Research, Inc. The market is expected to register a CAGR of 7.7% from 2023 to 2030. 3D printed prosthetics is a field of medicine that uses additive manufacturing technologies rather than traditional subtractive manufacturing methods to create artificial body parts. The major factor driving the market growth is that the production costs of such medical devices are driven down by using additive manufacturing, making them more affordable for the masses. Orthotics and prosthetics are a great fit for 3D printing technology as they are made of plastic and they must be ideal-made to fit each patient. The World Health Organization estimates that around 30 million globally are in need of prosthetics, and adopting the 3D printing technique can help increase availability for individuals especially in remote regions at a lower cost. Such factors coupled with high patient comfort and easy customization are expected to boost the market growth. Advancements in body modeling and 3D scanning technologies from players such as Body Labs will enable individuals to 3D scan their limbs and have prosthetics molded after them, allowing a more natural fitting and appearance. The advent of COVID-19 impacted the additive manufacturing market as the pandemic resulted in supply chain bottlenecks and manufacturing closures mostly in the initial quarters of 2020. However, the 3D printing market witnessed a significant boost post-pandemic as this is a disruptive technology and has emerged as a potential solution to curb medical device supply shortages. Moreover, the key players in the 3D printed prosthetics market reported a sales increase in 2021 and this indicates that the market has recovered from the COVID-19 impact and is expected to grow eminently in the future. Request a free sample copy or view the report summary: 3D Printed Prosthetics Market Report 3D Printed Prosthetics Market Report Highlights
Access Press Release@ https://www.grandviewresearch.com/press-release/global-3d-printed-prosthetics-market 3D Printed Prosthetics Market Segmentation Grand View Research has segmented the global 3D printed prosthetics market based on type, material, end-use, and region: 3D Printed Prosthetics Type Outlook (Revenue, USD Million; 2018 - 2030)
3D Printed Prosthetics Material Outlook (Revenue, USD Million; 2018 - 2030)
3D Printed Prosthetics End-Use Outlook (Revenue, USD Million; 2018 - 2030)
3D Printed Prosthetics Regional Outlook (Revenue, USD Million; 2018 - 2030)
List of Key Players in the 3D Printed Prosthetics Market
About Grand View Research Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare. Like it? Share it!More by this author |