3D Orthpedics/Prosthetics Global Market Report 2023

“3D Orthpedics/Prosthetics Global Market Report 2023 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on 3d orthpedics/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

• Gain a truly global perspective with the most comprehensive report available on this market covering 50+ geographies.
• Understand how the market has been affected by the COVID-19 and how it is responding as the impact of the virus abates.
• Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
• Measure the impact of high global inflation on market growth.
• Create regional and country strategies on the basis of local data and analysis.
• Identify growth segments for investment.
• 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.
• Suitable for supporting your internal and external presentations with reliable high quality data and analysis
• Report will be updated with the latest data and delivered to you within 3-5 working days of order along with an Excel data sheet for easy data extraction and analysis.
• All data from the report will also be delivered in an excel dashboard format.

Where is the largest and fastest growing market for 3d orthpedics/prosthetics? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The 3d orthpedics/prosthetics market global report ” from The Business Research Company 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.

Scope

Markets Covered:

• 1) By Product Type: Upper Extremity Prosthetics; Lower Extremity Prosthetics; Sockets; Other Types

• 2) By Technology: Conventional; Electric-powered; Hybrid Orthopedic Prosthetics

• 3) By End User: Hospitals; Prosthetic Centers; Rehabilitation Center; Other End-Users

• Companies Mentioned: Advanced Arm Dynamics; Arthrex; Blatchford; DJO Global Inc.; Exactech Inc.

• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA

• 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 segmentations: 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.

Executive Summary

Major players in the 3D orthopedics/prosthetics market are: Advanced Arm Dynamics, Arthrex, Blatchford, DJO Global Inc., Exactech Inc., Fillauer LLC, Globus Medical, Hanger Inc., Orthopediatrics, Integra LifeSciences Holdings Corporation, Ossur, Otto Bock, Pega Medical, Smith & Nephew, Wishbone Medical, Zimmer Biomet, Wright Medical, DePuy Synthes, Mobius Bionics, NuVasive Inc., Steeper Group, and Stryker Corp.

The global 3D orthopedics/prosthetics market grew from $2.98 billion in 2022 to $3.2 billion in 2023 at a compound annual growth rate (CAGR) of 7.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The 3D orthopedics/prosthetics market is expected to grow to $3.97 billion in 2027 at a CAGR of 5.6%.

The 3D orthopedics/prosthetics market consists of sales of implants, medical devices, surgical planning models, orthotics, and prosthetics. 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.

Orthopedic prosthetics are artificial devices or limbs that are used to replace a missing body part that has been lost due to an accident, trauma, or congenital conditions to improve a person's lifestyle and function.

North America was the largest region in the 3D orthopedics/prosthetics market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in 3D orthopedics/prosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa.

The main types of products in 3D orthopedics/prosthetics are upper extremity prosthetics, lower extremity prosthetics, sockets, and others. Upper extremity prosthetics are upper limb prostheses that can be used anywhere from the shoulder joint to the fingers. The different technologies include conventional, electric-powered, hybrid orthopedics prosthetics and are used by several sectors such as hospitals, prosthetics centers, rehabilitation centers, and others.

The increasing number of trauma cases and accidental injuries are contributing to the growth of the 3D orthopedics/prosthetics market. The use of artificial limbs (prostheses) to improve the function and lifestyle of people who have lost limbs is known as orthopedic prosthetics. To match the functional needs of the individual, the prosthesis must be a unique mixture of appropriate alignment, construction, materials, and design. For instance, according to the Hanger, Inc., a US-based company that provides prosthetic and orthotic care devices, in April 2021, the number of Americans living with the loss of a limb due to trauma cases and accidental injuries is more than 2 million, and by the year 2050, a staggering 3.6 million people will be living with limb loss in the USA. Therefore, the increasing number of trauma cases and accidental injuries drives the market for 3D orthopedics/ prosthetics.

The growing technological advancements are a key trend gaining popularity in the 3D orthopedics/prosthetics market. Major research institutes and corporations are focusing on developing new technological solutions for 3D orthopedics/prosthetics to give users more control and precision when using prosthetic hands. For instance, in March 2020, the US researchers at the University of Michigan's Medical School developed nerve interface technology that allows Prosthetics to control artificial limbs with their thoughts. Muscle grafts, electrodes, and machine learning algorithms are used in the nerve interface technology to strengthen the feeble nerve signals originating from the amputee's residual limb so that the bionic hand can absorb them in real-time.

In January 2020, Essentium, Inc., a US-based 3D printing solutions provider collaborated with Vorum for an undisclosed amount. This partnership provides a 3D printing solution for orthotics & prosthetics customers to succeed in producing mass-customized orthopedics/prosthetics products with speed and scalability. This collaboration also incorporates the Essentium High-Speed Extrusion (HSE) 3D Printing Platform and materials, as well as Vorum's O&P CAD/CAM solutions and SurePath methodology. Vorum is a Canada-based manufacturer of 3D printed orthopedics/prosthetics devices.

The countries covered in the 3D orthopedics/prosthetics market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

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.

The 3D orthopedics/prosthetics market research report is one of a series of new reports from The Business Research Company that provides 3D orthopedics/prosthetics market statistics, including 3D orthopedics/prosthetics industry global market size, regional shares, competitors with a 3D orthopedics/prosthetics market share, detailed 3D orthopedics/prosthetics market segments, market trends and opportunities, and any further data you may need to thrive in the 3D orthopedics/prosthetics industry. This 3D orthopedics/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.