3D printed prosthetics are the identical body parts that are designed with the use of 3D printed technology. This is the latest sci-fi technology used in various medical applications such as designing prosthetic implants. 3D scanner is used for designing the 3D prosthetic implants and provides 3-dimensionsal data quickly and accurately. Moreover, 3D custom-made medical devices are used to make structural model of 3D printed prosthetic implants. This technology allows the creation of the design that fits the anatomy of different patients. Additionally, the technology is used in the treatment of tumors worldwide.
This technique is widely used in the treatment of orthopedic tumors which involves the replacement of the damaged body parts and involves high degree of risk and complications.
3D printed tumor models help the doctors and surgeons to get the better understanding of the cancer cells they are going to treat or remove from the patient’s body. It can also help the patients understand their own body conditions. This technology helps the doctors know more about cancer and how different types of cancer respond to different treatments. Additionally, 3D printed oncology prosthetics can be used for experimental and new cancer treatments and gives the scientists a better idea about how the drug works for different cancers in humans. These factors are estimated to propel the market growth in the near future.
The global 3D printed oncology prosthetics market is anticipated to grow at a significant CAGR over the forecast period i.e. 2019-2027. The market is segmented by material & end users. The material segment is further bifurcated into polypropylene, polyurethane, acrylics and polyethylene, and others, out of which, the polypropylene and polyethylene material segment is anticipated to have significant growth on account of their wide usability in the designing of the 3D printed prosthetic implants for various tumors. Both the segments are expected to collectively gain advantage and market share during the forecast period.
On the basis of end users, the market is divided into medical & surgical centers, pharma & biotech companies, academic institutions, hospitals, rehabilitation centers and others, out of which, the hospital segment is anticipated to have significant growth on account of large number of patients approaching hospitals and availability of wide range of specialty treatments. The initiatives by the leading players in the market in order to make collaborations between the hospitals and rehabilitation centers is expected to contribute to the growth of the 3D printed oncology prosthetics market.
New applications in 3D printing are now being used in the medical field. Researchers are focusing on developing printers that can print human tissue and even pills. Additionally, new technological advancements in the market such as the invention of 3D printed cancer cells for the treatment of cancer which involves taking a sample of cells, growing a tumor to test on and then finding the best treatment for the patient to make the treatment patient specific is anticipated to boost the growth of the market. The technique has been widely used in the treatment of breast cancer. In the near future, patients would be able to print their drugs at home with the help of this technology.
Cancer has a major impact on the society across the world. The most common cancers are breast cancer, lungs cancer, liver cancer, bone cancer and many others. According to National Cancer Institute, in 2018, around 17 lakh new cases were diagnosed in the U.S. and around 6 lakh people died due to the disease. These statistics shows that there would be rise in the number of cases in the near future which is further expected to boost the market growth during the forecast period.
The 3D printing technology has the benefit of designing the prosthetics according to the patient’s anatomy which makes the design more precise and real, furthering the growth of the market growth during the forecast period.
There is lack of awareness among people regarding various technological advancements that have been made in the treatment of cancers using prosthetics of various types, which is expected to restrain the growth of the market during the forecast period.
The cancer treatment is not affordable by most of the population as the cost associated with it is very high. This is expected to hinder the growth of the market.
Our-in depth analysis of the global 3D printed oncology prosthetics market includes the following segments:
On the basis of regional analysis, the global 3D printed oncology prosthetics 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 anticipated to have largest share in 3D printed oncology prosthetics market owing to the rise in the incidences of cancer cases and growing number of accidental injuries in the region. The market in Asia Pacific region is expected to witness significant growth where India and Australia hold the markets with major growth in the region on account of rising awareness among people about the technological advancements pertaining to 3D printed oncology prosthetics. The market in Middle East and Africa and Latin America region are estimated to witness relatively slow growth attributed to lack of awareness among the patients.
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The global 3D printed oncology prosthetics market is further classified on the basis of region as follows:
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