The latest market report published by Research Nester “3D Printed Thumb Market: Global Demand Analysis & Opportunity Outlook 2027” which delivers detailed overview of the global 3D printed thumb market in terms of market segmentation by component, by material, by end user and by region.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
The 3D printed thumb market is anticipated to witness a significant CAGR during the forecast period, i.e., 2019-2027. This can be attributed to the growing number of accidents and injuries which result in the loss of limbs, including fingers and thumbs. The demand for prosthetic thumb for the purpose of extension of the limb is another factor resulting in the market growth. The market is segmented by component, by material, by end user and by region, out of which, the material segment is further segmented into plastic, metal, ceramic and others. On the basis of material, the plastic segment is estimated to observe the highest growth in the market during the forecast period. This can be attributed to the properties of plastic which are highly suitable for the creation of prosthetic thumbs. For instance, the lightweight property along with customizable strength and thickness of plastic polymers is favorable among the population, thus raising the demand for this segment in the market.
The market in North America is anticipated to hold the leading share in 3D printed thumbs market on account of growing incidences of injuries which require prosthetics. The developed healthcare industry and advancements in medical technology are additional factors estimated to boost the market growth. The market in Europe is estimated to become the second largest market during the forecast period.
Expanding 3D Printing Technology To Drive The Market Growth
Rising advancements in the 3D printing technology in the medical industry is a major factor estimated to propel the growth of this market. Development of software for production of prosthetics and generation of prosthetic thumbs according to the patient’s requirements is further anticipated to support the market growth.
However, the lack of skilled professionals that are able to develop new technology for production of improved 3D printed prosthetic thumbs is estimated to limit the growth of market during the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global 3D printed prosthetics market which includes company profiling of Create O & P, Stratasys Ltd. (SSYS), Limbitless Solutions, Zdravprint, Materialise (MTLS), Unlimited Tomorrow, Youbionic, e-Nable, LifeNabled and Bionico Hand. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D printed thumb market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.