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HEALTHCARE & PHARMACEUTICAL

3D Printed Thumb Market Segmentation By Component (Equipment, Software And Services); By Material (Plastic, Metal, Ceramic And Others); By End User (Hospitals, Prosthetics Clinics, Ambulatory Surgical Centers And Others) – Global Demand Analysis & Opportunity Outlook 2027

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Extensive insights into the Growth of 3D Printed Thumb Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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Recent Trends and Developments in the Market

A unique prototype of prosthetic thumb, designed by Dani Clode, was developed using the 3D printing technology and is intended to become an extension of the user’s hand. The device, controlled by the user’s foot, aims to mimic the functioning of a regular thumb. It is further being developed for neuroscientific research at the University College London.

Introduction to 3D Printed Thumb

3D printing technique is used to create three-dimensional objects by adding layers of a certain type of material on top of each layer. The objects formed are functional in nature and hence the technique is widely being developed for production of prosthetics in the medical industry.

The recent development of 3D printed thumb has raised the demand for the product in healthcare industry. 3D printed thumbs are artificial thumbs designed in order to either replace an amputated thumb or to add an extra thumb as an addition to the forelimbs. Moreover, the use of 3D printed thumb as an extension of the body is estimated to further increase the demand for the device.

Market Size and Forecast

According to Amputee Coalition, currently there are around 2 million people in the United States who are living with limb loss.

The growing requirement for prosthetics is estimated to increase the demand for 3D print technology in the medical industry. The 3D printed thumb market is anticipated to record a significant CAGR of over the forecast period i.e. 2019-2027. 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 materials, the plastic segment is estimated to hold the largest share of the 3D printed thumb market on account of lightweight property of various forms of plastic that is highly desirable for prosthetics. Plastic polymers can be customized according to the requirement of patients on the basis of strength and thickness of the product. The various advantages of using this material for the creation of 3D printed thumbs is estimated to exhibit a significant impact on the market growth. DOWNLOAD SAMPLE REPORT HERE

3D Printed Thumb Marekt Share Graph

Growth Drivers

Growing Demand For Prosthetic Thumbs In Medical Industry To Drive The Market Growth

Approximately 185,000 amputations take place in the United States every year, as reported by Amputee Coalition. The rising number of accidents and injuries resulting in loss or malfunctioning of limbs is estimated to increase the demand for prosthetic devices, including artificial thumbs. The 3D printing technology for manufacturing of medical products is anticipated to satisfy the requirement in the upcoming years.

Rising Advancements In The 3D Printing Technology To Propel The Market Growth

Increasing advancements in technology leading to development of software for the production of high quality 3D printed products is estimated to propel the market growth. Moreover, the various 3D printing technologies is anticipated to allow the creation of different type of prosthetic thumbs as per the requirement, further expanding the market during the forecast period.

Restraints

High Cost Of 3D Printers To Restrict The Growth Of 3D Printed Thumbs Market

A key factor estimated to hamper the growth of 3D printed thumbs market is the high cost of 3D printers that restricts the production of artificial thumbs in sufficient quantities. Along with this, the lack of skilled professionals that can develop the technology and efficient prosthetics using 3D printing techniques is another factor estimated to restrain the market growth.

Market Segmentation

Our in-depth analysis of the 3D printed thumb market includes the following segments:

By Component

  • Equipment
  • Software
  • Services

By Material

  • Plastic
  • Metal
  • Ceramic
  • Others

By End User

  • Hospitals
  • Prosthetics Clinics
  • Ambulatory Surgical Centers
  • Others

By Region

On the basis of regional analysis, the 3D printed thumb market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region.

The market in North America is estimated to hold the largest share in the 3D printed thumb market. This can be attributed to the growing cases of accidents and injuries which raise the demand for prosthetics in the region. Highly established healthcare infrastructure and increasing investments in research and development activities in the 3D print technology for production of medical devices is an additional factor estimated to further expand the market. The market in North America is followed by the market in Europe, which is anticipated to hold the second largest share in 3D printed thumb market during the forecast period on account of rising number of patients that require prosthetics.

The 3D printed thumb market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC,  Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth & Opportunity Analysis

Top Featured Companies Dominating the 3D Printed Prosthetics Market

  • Create O & P
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis 
  • Stratasys Ltd.
  • Limbitless Solutions
  • Zdravprint
  • Materialise
  • Unlimited Tomorrow
  • Youbionic
  • e-Nable
  • LifeNabled
  • Bionico Hand

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