3D Printed Medical Prosthetics Global Market Report 2020-30: Covid 19 Impact And Recovery
3D Printed Medical Prosthetics Market report provides the strategists, marketers and senior management with the critical information they need to assess the global 3D Printed Medical Prosthetics market as it emerges from the Covid 19 shut down.
The global 3D printed medical prosthetics market is expected decline from $0.07 billion in 2019 and to $0.64 billion in 2020 at a compound annual growth rate (CAGR) of -8.26%. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. The market is then expected to recover and reach $0.095 billion in 2023 at CAGR of 13.81%.
Top Leading Companies mentioned are:
3D Systems Corporation, Stratasys Ltd., EnvisionTEC, Bionicohand, and YouBionic
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Companies in the 3D printing prosthetics market are focusing on development of waterproof prosthetic devices. The aim behind this innovation is to provide the user with an increased range of mobility, especially in athletics. In April 2017, Northwell Healthcare announced a product called “FIN” which is a 3D-printed prosthetic leg attachment to give amputee swimmers the ability to navigate from land to the water and back. Similarly, in 2015, Standard Cyborg, a California-based company, developed a 3D printed waterproof leg prostheses. These devices allows the amputees to move between land and water easily, thus broadening the range of activities amputees can perform without damage to prosthetics
The delay in elective procedures attributing to the coronavirus outbreak is to act as a major factor to limit the growth of the 3D printed medical prosthetics market. Many countries and hospitals have diverted their healthcare resources to deal with COVID-19 patients. For instance, according to the Centers for Medicare & Medicaid Services (CMS) safety guidelines released in March 2020, all the elective and non-essential surgical, dental, and medical procedures are delayed in the USA during 2019 Novel Coronavirus (COVID-19) outbreak. Hence, the delays in surgical or elective procedures are projected to decline the demand for 3D printed medical prosthetics market in the near future.
This report provides a detailed analysis of the 3D Printed Medical Prosthetics market with a description of market sizing and growth, segmentation of the market by products & services and major markets, top market players, etc. The report recapitulates the factors that will be responsible for the growth in the market in the forecasted period.
By Type: Sockets; Limbs; Joints; Covers; Others
By End-User: Hospitals; Rehabilitation Centers; Prosthetic Clinics
Important Features that are under Offering and Key Highlights of the Reports:
– Detailed overview of Market
– Changing market dynamics of the industry
– In-depth market segmentation by Type, Application etc
– Historical, current and projected market size in terms of volume and value
– Recent industry trends and developments
– Competitive landscape of 3D Printed Medical Prosthetics Market
– Strategies of key players and product offerings
– Potential and niche segments/regions exhibiting promising growth
Geographically, this report is segmented into several key Regions, with sales, revenue, Market Share (%) and Growth Rate (%) of 3D Printed Medical Prosthetics in these regions, from 2014 to 2020(forecast), covering Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
Furthermore, the report provides a detailed analysis of the global 3D Printed Medical Prosthetics market with an analysis of market size by value and volume. Along with this, an analysis of the penetration rate and the average revenue generated per user (ARPU) in the market has also been done. The report also includes a detailed analysis of the global 3D Printed Medical Prosthetics market by countries, comprising of its market by value, volume, and ARPU and penetration rate.
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Research uses a bottom-up approach to assess the overall size of the market. Data from different industries and end-user industries and their applications across different product types are recorded and forecast during the forecast period. These segments and sub-segments are documented by industry experts and experts, as well as company representatives, and by analyzing data from these segments and sub-segments over the last few years, externally verified to gain market size.
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1-Free country level analysis for any 5 countries of your choice
2- Free Competitive analysis of any 5 key market players.
3- Free 40 analyst hours to cover any other data points.
MarketInsightsReports provides syndicated market research on industry verticals including Healthcare, Information and Communication Technology (ICT), Technology and Media, Chemicals, Materials, Energy, Heavy Industry, etc. MarketInsightsReports provides global and regional market intelligence coverage, a 360-degree market view which includes statistical forecasts, competitive landscape, detailed segmentation, key trends, and strategic recommendations.
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Note: All the reports that we list have been tracking the impact of COVID-19 the market. Both upstream and downstream of the entire supplychain has been accounted for while doing this. Also, where possible, we will provide an additional COVID-19 update supplement/report to the report in Q3, please check for with the sales team.