Exploring Key Insights of the 3D Orthopedics/Prosthetics Market: Growth Prospects, Emerging Trends, and Opportunities
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How has the 3d orthopedics/prosthetics market grown over the years?
In recent times, the 3D orthopedics/prosthetics industry has consistently expanded. The market size is projected to increase from $0.97 billion in 2024 to $1.01 billion in 2025, with a compound annual growth rate (CAGR) of 3.6%. Factors credited with the growth during the historic period include higher disability rates, a surge in the demand for orthopedic medical devices, an increase in joint replacement surgeries, technology advancements, a boost in healthcare expenditure, and the growth of emerging markets.
What Is the forecasted market size and growth rate for the 3d orthopedics/prosthetics market?
Expectations are high for substantial growth in the 3D orthopedics/prosthetics market over the next few years, with projections showing a rise to $1.29 billion in 2029, boasting a compound annual growth rate (CAGR) of 6.3%. The predicted growth during this forecast period can be linked to various factors such as an ever-growing elderly population, an increase in amputations due to diabetes, a surge in road accidents and sports-related injuries, as well as a growing demand for joint reconstruction ailments. Within this projected growth period, key trends include the incorporation of smart wearables for more accurate prosthesis control, a pivot towards eco-friendly options, the application of artificial intelligence to assess a patient’s unique anatomy, utilising Internet-of-things (IoT) enabled solutions for surgery monitoring and data collection, personalised implant modifications using innovative biomaterials, the development of technologies for better outcomes and efficiency, collaborations with other companies to extend their market reach and maximize their resources, and significant investments in companies that are spearheading product advancement.
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What are the major factors driving growth in the 3d orthopedics/prosthetics market?
The surge in trauma incidents and accidental injuries is fueling the expansion of the 3D orthopedics/prosthetics market. Orthopedic prosthetics, which refers to the employment of artificial limbs (prostheses) to enhance the functionality and lifestyle of individuals missing limbs, is becoming increasingly significant. It’s crucial that the prosthesis be a singular combination of right alignment, construction, materials, and design custom tailored to the functional needs of an individual. For example, the Wisconsin Department of Health Services, a public health department in the US, reported that in December 2023, there was a 4% rise in traumatic injuries handled by Wisconsin’s Trauma System Hospitals. Additionally, a 3% uptick was noted specifically in pediatric trauma incidents. In 2023, there were 44,970 entries into the trauma system and 38,198 distinctive injury occurrences. Consequently, the rising incidence of trauma cases and accidental injuries is propelling the 3D orthopedics/prosthetics market forward.
What key areas define the segmentation of the global 3d orthopedics/prosthetics Market?
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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What are the top market players propelling the growth of the 3d orthopedics/prosthetics industry?
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
What are the key trends shaping the future of the 3d orthopedics/prosthetics market?
The 3D orthopedics/prosthetics market is witnessing an increased interest in smart wearables. These devices, powered by artificial intelligence and robotics, accomplish precise control of the prosthesis by making use of algorithms that comprehend electric nerve signals emanating from the user’s muscles. A case in point is Esper Bionics, an engineering startup based in New York, that unveiled a prosthetic arm replete with intuitive self-learning tech in February 2022. This innovation is superior to similar prosthetics in predicting intended movement. The Esper Hand works by using a brain-computer interface (BCI) that relies on electromyography – a computer-based tool that gathers brain-related information or data. The user’s brain communicates signals to specific muscles to activate them for prosthetic operation when required.
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What regions are dominating the 3d orthopedics/prosthetics market growth?
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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