GVR Report cover 3D Printed Prosthetics Market Size, Share & Trends Report

3D Printed Prosthetics Market Size, Share & Trends Analysis Report By Type (Sockets, Limbs, Joints), By Material (Polypropylene, Polyethylene), By End Use, By Region, And Segment Forecasts, 2023 - 2030

  • Report ID: GVR-4-68039-995-8
  • Number of Pages: 100
  • Format: Electronic (PDF)
  • Historical Range: 2018 - 2021
  • Industry: Healthcare

Report Overview

The global 3D printed prosthetics market size was valued at USD 1.3 billion in 2022 and is anticipated to exhibit a compound annual growth rate (CAGR) of 7.7% from 2023 to 2030. 3D printing technology involves manufacturing prosthetics and other medical products layer by layer. The increasing emphasis of market players on manufacturing 3D printed prosthetics is anticipated to drive the growth of this market. As recently recognized the 3D printed prosthetics are expected to overcome the shortcomings of conventional products. Therefore, 3D printed prosthetics sales are estimated to surge shortly.     

U.S. 3D printed prosthetics market size, by Type, 2020 - 2030 (USD Million)

The COVID-19 pandemic had considerably impacted the manufacturing, and transportation of raw materials of 3D printed prosthetics products. The supply chain was disturbed during the COVID-19 pandemic lockdown in several countries. The market players observed a decrease in the sale of 3D printed prosthetics products. However, after the COVID-19 pandemic, the sale of 3D printed prosthetics grew as the requirement and demand for the prosthetics surged with a rise in awareness about prosthetics among consumers. Moreover, the market witnessed high growth post-pandemic as many manufacturers reported that the importance of 3D printing increased considerably post-pandemic, due to the possibility to produce parts on demand at a shorter time span and can reduce waste as well as inventory.

The increase in demand for uniquely designed prosthetic products, the rise in the incidence of road accidents and sports injuries, and the availability of 3D printed prosthetic implants for orthopedic conditions are anticipated to develop the growth of the 3D printed prosthetics market significantly. In addition, an increase in the prevalence of diabetic-related amputation, a surge in demand for advanced prosthetics products, and an increase in the requirement for customized additive manufacturing are the other factors that drive the market growth.

Moreover, increasing investment in R&D for developing technologically advanced prosthetics, favorable reimbursement policies, government initiatives, and inclination toward advanced innovative products further boost the market growth. Many companies are utilizing the advantages of additive manufacturing and generative design to make a new methodology for prosthetics both in terms of functionality and form. 3D-printed prosthetics are available in materials such as polyethylene, polypropylene, acrylics, and polyurethane.

Type Insights

In 2022, the limbs segment dominated the global market and accounted for 33.6% of the overall revenue share. The segment is expected to retain its top position throughout the forecast period due to an increase in demand for 3D printed prosthetic limbs, an increase in the number of accidental injuries, technological advancements in 3D printed prosthetics, and a rise in amputation cases are the major factors that boost the growth of the market.

Moreover, market players in 3D printed prosthetics are concentrating on the development of waterproof 3D printed prosthetic limbs. The invention aims to offer the user a better range of mobility, mainly in athletics. The 3D printed prosthetic limbs offer advantages such as not causing pain to the user, being more comfortable, and highly customizable.

Material Insights

The polypropylene segment dominated the global market in 2022 and accounted for the largest revenue share of 32.05%. The segment is anticipated to witness lucrative growth over the forecast period. Increasing demand for polypropylene material in the manufacturing of 3D printed prosthetics, low-cost manufacturing, better durability nature of polypropylene,  increasing investment in R&D, and increase in preference for polypropylene across the globe are the major factors that boost the growth of the market during the forecast period.

Polypropylene provides advantages such as its light nature which allows better weight reduction than other materials and is sterilizable without losing its properties. Moreover, it offers excellent mechanical properties, making it a great material for 3D printed prosthetics manufacturing. Thus, the aforementioned factors drive the growth of the market.

End-use Insights

The hospitals dominated the global market in 2022 and accounted for the maximum share of 39.1% of the overall revenue. This is due to the rapidly increasing patient admissions, rising cases of accidents, and increasing investment in the R&D of 3D. Moreover, the increase in the adoption of 3D printed prosthetics by small and large hospitals, rise in the number of hospitals, especially in well-developed countries are the major factors that boost the growth of the market.

Global 3D printed prosthetics market share, by end-use, 2021 (%)

The prosthetic clinics are expected to witness the highest growth over the forecast period as increase in demand for 3D printed prosthetics in prosthetic clinics, surge in the number of patients requiring cost-effective prosthetics, a rise in amputation cases, and an increase in the prevalence of chronic diseases across the globe are the factors that fuel the growth of the market.

Regional Insights

North America dominated the global market in 2022 and accounted for more than 39.4% of the global revenue share in the same year. The factors such as an increase in the incidence of sports injuries, growing demand for quality healthcare services, the presence of several key market players in this region, and well-established healthcare infrastructure drives the growth of the market. Moreover, favorable government initiatives to support R&D activities and subsidies for improving the adoption of 3D printed prosthetics are likely to fuel the market growth in the region.

3D Printed Prosthetics Market Trends by Region

The Asia Pacific is projected to grow at a rapid pace during the forecast period. A rise in the number of major key players investing in research & development in this region has proved to be the main factor fueling the growth of the market. In addition, the rise in the number of accidental cases and the presence of a large fraction of the population belonging to the middle-income group considerably surges the demand for cost-effective and innovative 3D printed prosthetics to attract key medical device companies within the region.

Key Companies & Market Share Insights

The key market players are increasingly opting for strategic collaborations, product launches, geographical expansion, and partnerships through mergers & acquisitions in economically favorable and emerging regions. In 2022, Protosthetics, a 3D printed prosthetic manufacturer, launched the in-house 3D printing program, for use in orthotics and prosthetics (O&P) practices. Some of the players in the global 3D printed prosthetics market include:

  • 3D Systems Corporation

  • EnvisionTEC

  • Stratasys Ltd.

  • Bionicohand

  • YouBionic

  • UNYQ

  • Mecuris

  • LimbForge, Inc.

  • Open Bionics

  • Create Prosthetics

  • Bio3D Technologies

  • Laser GmbH

  • Prodways Group

  • Protosthetics

  • 3T RPD Ltd.

  • Formlabs

 3D Printed Prosthetics Market Report Scope

Report Attribute

Details

Market size value in 2023

USD 1.4 billion

Revenue forecast in 2030

USD 2.3 billion

Growth rate

CAGR of 7.7% from 2023 to 2030

Base year for estimation

2022

Historical data

2018 - 2021

Forecast period

2023 - 2030

Market representation

Revenue in USD million/billion and CAGR from 2023 to 2030

Report coverage

Revenue forecast, company share, competitive landscape, growth factors, and trends

Segments covered

Type, material, end-use, region

Regional scope

North America; Europe; Asia Pacific; Latin America; Middle East & Africa

Country scope

U.S.; Canada; U.K.; Germany; France; Italy; Spain; China; India; Japan; Australia; South Korea; Brazil; Mexico; Argentina; South Africa; Saudi Arabia; UAE

Key companies profiled

3D Systems Corporation; EnvisionTEC; Stratasys Ltd.; Bionicohand; YouBionic; UNYQ; Mecuris; LimbForge, Inc.; Open Bionics; Create Prosthetics; Bio3D Technologies; Laser GmbH; Prodways Group; 3T RPD Ltd.; Formlabs

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Global 3D Printed Prosthetics Market Segmentation

This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global 3D printed prosthetics market report based on material, type, end-use, and region:

Global 3D Printed Prosthetics Market Segmentation

  • Type Outlook (Revenue, USD Million, 2018 - 2030)

    • Sockets

    • Limbs

    • Joints

    • Others

  • Material Outlook (Revenue, USD Million, 2018 - 2030)

    • Polyethylene

    • Polypropylene

    • Acrylics

    • Polyurethane

  • End-use Outlook (Revenue, USD Million, 2018 - 2030)

    • Hospitals

    • Rehabilitation Centers

    • Prosthetic Clinics

  • Regional Outlook (Revenue, USD Million, 2018 - 2030)

    • North America

      • U.S.

      • Canada

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

      • Spain

    • Asia Pacific

      • Japan

      • China

      • India

      • South Korea

      • Australia

    • Latin America

      • Brazil

      • Mexico

      • Argentina

    • MEA

      • South Africa

      • Saudi Arabia

      • UAE

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