Orthopaedic Prosthetics Market is Expected to be Valued at US$ 3,061.1 Million by the end of 2028 - Future Market Insights

Thursday, June 28, 2018 Research News
Email Print This Page Comment bookmark
Font : A-A+

VALLEY COTTAGE, New York, June 28, 2018 /PRNewswire/ --

While the use of 3D printing technology in healthcare sector

aims to make healthcare as affordable as possible for everyone, orthopedics and prosthetics have gained the spotlight among 3D printing device manufacturers. In addition to wide availability of technically advanced orthopedic prosthetics, escalating
demand for custom-made orthopedic prosthetics is likely to push the growth of the global orthopedic prosthetics market in the next decade.

     (Logo: https://mma.prnewswire.com/media/677274/Future_Market_Insights_Logo.jpg )

Although associated risks and technical complications are still creating a major roadblock in widespread adoption of orthopedic prosthetics, a new set of technological innovations holds the promise to positively influence the sales of orthopedic prosthetics in near future. One of the innovations includes 3D printed orthopedic prosthetics, which has been observed to impact the scenario for customized orthopedic prosthetic devices.

A sample of this report is available upon request @https://www.futuremarketinsights.com/reports/sample/rep-gb-1443

3D Printing Becomes Fast Track Technology for Tailor-made Orthopedic Prosthetics & Supports 

Three-dimensional printing is identified to be a rapid way for manufacturing bespoke orthopedic supports and prosthetics, which efficiently compensate for a deformity, predominantly caused due to a lost limb or paralysis. 3D printed test sockets have already been registering a consistently positive feedback from patients, owing to the comfort, convenience, and well-fitting design. Handicap International (Humanity & Inclusion), a charity, has initiated the use of 3 dimensional printing technology in the making of customized orthopedic prosthetic devices. This technology aids in faster production of devices, and thus offers wider outreach.

Already having launched in developed economies, followed by significantly growing adoption, these bespoke device manufacturing technology is still in its nascent stage within developing economies, prominently due to supply-demand imbalance. A recent survey points out that a maximum of 5% of the total 15% patient population within emerging economies, who need a prosthetic support, brace, or limb, are currently able to get one. The charity is constantly emphasizing R&D along with clinical trials of 3D printed orthopedic prosthetics within developing countries with poor infrastructural settings. The NGO's current program, which is gaining enormous funds, has also offered free made-to-measure 3D orthopedic prosthetic devices to hundreds of patients.

While 3D printing is being perceived as a revolutionary method for orthopedic doctors located in remote areas or conflict zones, as the scanner involved in this process is compact, portable, and convenient to use. However, high price point associated with the manufacturing of these orthopedic prosthetic devices will continue to limit adoption over the next few years.

Preview Analysis on Orthopaedic Prosthetics Market Segmentation by Product - Upper Extremity Prosthetics: Hand Prosthetics, Elbow Prosthetics, Shoulder Prosthetics; Lower Extremity Prosthetics: Foot & Ankle , rosthetics , Knee Prosthetics, Hip Prosthetics, Liners, Sockets ,Modular Components ;Technology- Conventional , Electric Powered , Hybrid Orthopedic Prosthetics; End Users- Hospitals ,Prosthetic Clinics , Rehabilitation Center ,Others: https://www.futuremarketinsights.com/reports/orthopaedic-prosthetics-marke

Reimbursement Scenario Plays a Crucial Role in Pushing Adoption 

Rising instances of accidental injuries and growing prevalence of arthritis, have been the key factors fueling the demand for orthopedic prosthetic devices, over the years. Increasing adoption of advanced technology and customized implantable products will also push the market for orthopedic prosthetics in next few years. Favorable reimbursement policies for orthopedic prosthetics will continue to keep the market up in developed economies. However, the market for orthopedic prosthetics within emerging economies is anticipated to thrive at a relatively moderate pace, owing to inadequate reimbursement scenario and lower awareness about the advances and availability of orthopedic prosthetic devices.

Request Report TOC @ https://www.futuremarketinsights.com/askus/rep-gb-1443

As indicated by a recently released market research intelligence report by Future Market Insights (FMI), the global market value for orthopedic prosthetics will possibly cross the mark of US$ 3 billion by the end of 2028. During the projection period 2018-2028, the global orthopedic prosthetics market is expected to witness progressive expansion at a CAGR of 5.1%.

The prices of 3D printed orthopedic prosthetics will possibly witness a dramatic fall in near future, provided that the trials go well and prove to be successful among a considerably large patient population, already using 3D orthopedic prosthetics. It remains to be seen yet, to what extent the innovation in 3D printing will impact the existing options available in orthopedic prosthetic devices. Will growing popularity and adoption of 3D printing technology among orthopedic prosthetic device manufacturers set the global orthopedic prosthetics market at a higher momentum?

More from Healthcare, Pharmaceuticals and Medical devices: 

  • Cranial Stabilisation Devices Market segmentation by Product Type- Horseshoe Headrest, Skull Clamp Systems, Brain Retractor System, Accessories; End User- Hospitals, Ambulatory Surgical Centres, Specialised Centres https://www.futuremarketinsights.com/reports/cranial-stabilization-devices-market
  • Phototherapy Lamps Market segmentation by Product Type- LED, UV LIGHT, Halogen Lamps; End User- Hospital, Skin care clinics, Home care Setting, Other End Users; Application- Psoriasis, Vitiligo, Acne, Neonatal Jaundice, Other Application https://www.futuremarketinsights.com/reports/phototherapy-lamps-market
  • Single-Photon Emission Computed Tomography Market segmentation by Product Type- Single Imaging, GammaCameras, SPECT/CT; Application Type- Cardiology, Oncology, Neurology, Others; End User- Hospitals, Diagnostic Imaging Centres, Ambulatory Surgical Centres: https://www.futuremarketinsights.com/reports/single-photon-emission-computed-tomography-market

About Us 

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Browse More Healthcare, Pharmaceuticals and Medical devices

Contact Us 616 Corporate Way, Suite 2-9018, Valley Cottage, NY 10989, United States T: +1-347-918-3531 F: +1-845-579-5705 T (UK): +44(0)20-7692-8790 Sales: sales@futuremarketinsights.com Press Office: Press@futuremrketinsights.com

FMI Blog: http://www.fmiblog.com/

Website: http://www.futuremarketinsights.com

SOURCE Future Market Insights



Post your Comments

Comments should be on the topic and should not be abusive. The editorial team reserves the right to review and moderate the comments posted on the site.
* Your comment can be maximum of 2500 characters
I agree to the terms and conditions

News A - Z

A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

News Search

Medindia Newsletters

Subscribe to our Free Newsletters!

Terms & Conditions and Privacy Policy.

Find a Doctor

Press Release Category

Press Release Archive

Stay Connected

  • Available on the Android Market
  • Available on the App Store