Global Prosthetics and Orthotics Market Growth, Size, Share, Industry Report and Forecast to 2019-2025

The global prosthetics and orthotics market is estimated to grow at a CAGR of nearly 4.8% during the forecast period. Rising penetration of 3D printing is one of the major trends in the market. 3D-printing materials and techniques exhibit a potential opportunity to augment the conventional production processes and functional abilities of orthotics. Several companies are working on 3D printed materials for the development of medical devices. One of the companies includes The Hewlett-Packard (HP) Company that reinvented orthotics using biometric scanning and 3D printing. The Fitstation by HP biometrics-capture system, combined with HP’s Multi Jet 3D printers, provide access to 3D-printed orthotics with thin and lightweight properties. 

A full Report of Global Prosthetics and Orthotics Market Available at https://www.omrglobal.com/industry-reports/prosthetics-orthotics-market 

The lattice structure of these custom orthotic devices allows for better control of the stiffness and torsion within specific segmental regions of the foot orthotic. The HP Multi Jet 3D-printing process uses a material with equivalent strength and flexibility to polypropylene and is sustainable and creates much less waste as compared to traditional CNC manufacturing. HP Multi Jet 3D-printing uses PA11, a renewable raw material produced from castor oil, for orthotics manufacturing. It allows consciousness in production practices to reduce material waste which is higher in current machining processes. Similarly, several orthotics and prosthetics manufacturers are focusing on 3D printing for sustainable production and make their device more lightweight and tougher. 

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For instance, in March 2019, Shapeways, the manufacturer of 3D printed goods, declared that it is entered into a joint venture with EOS, industrial 3D printing of polymers and metals, with the launch of the nylon material, PA11. Both these 3D printing companies will be offering solutions for prostheses and orthoses. Selective Laser Sintered PA11 is naturally derived from castor oil, which is popular for its impact-resistant and flexible nylon properties. Therefore, PA11 is one of the emerging markets for additive manufacturing (AM). Through the introduction of PA11, Shapeways has become one of the crucial suppliers in the industry to deliver market-ready prosthesis and orthosis of all sizes. The nylon material is suitable for high-impact customized parts, including insoles, braces, and prosthesis.  

Further, in October 2019, Precision Valve & Automation, Inc. (PVA), a manufacturer of dispensing, coating and custom automation systems, acquired Create Orthotics & Prosthetics, an additive manufacturing startup. With this acquisition, PVA owns all the software and intellectual property rights of Create Orthotics & Prosthetics. This acquisition will enable PVA to make prosthetics affordable, faster, and more comfortable for disabled veterans. This emerging focus on 3D printing will enable the manufacturers to deliver cost-effective, lightweight, and strong orthoses and prosthesis products. This, in turn, is expected to drive the global prosthetics and orthotics market. 

Global Prosthetics and Orthotics Market- Segmentation

By Type 

Orthotics 

o             Upper Limb
o             Lower Limb
o             Spinal Orthotics 

Prosthetics 

o             Upper Extremity
o             Lower Extremity
o             Liners
o             Sockets
o             Modular Components 

Global Prosthetics and Orthotics Market– Segment by Region  

North America          
  • US
  • Canada 
Europe 
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Rest of Europe 
Asia-Pacific     
  • China
  • Japan
  • India
  • Rest of Asia-Pacific 
Rest of the World 
  • Latin America
  • Middle East and Africa 
For More Customized Data, Request for Report Customization @ https://www.omrglobal.com/report-customization/prosthetics-orthotics-market 

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Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. 

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