SmarTech Issues New Report on Additive Manufacturing in Orthotics and Prosthetics Markets

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    CROZET, VA, November 08, 2017
/24-7PressRelease/ — The latest medical 3D printing
industry report from SmarTech Publishing -the leading provider of
industry analysis and market research services to the 3D
printing/additive manufacturing market projects a disruptive
impact for a number of key 3D printing technologies and
applications within the multi-billion dollar orthotics and
prosthetics (O&P) market over the coming decade. Early
research and applications have demonstrated a unique ability for
3D printing to completely revolutionize business models and
access to custom and functional prosthetic and orthotic medical
devices. Further adoption of 3DP in O&P markets from today’s
early innovators is projected to eventually impact an estimated
35 percent of all devices produced, while generating hundreds of
millions of dollars in economic impact and revenue opportunities
for 3D printing solutions.

For more details on the report, go to: https://www.smartechpublishing.com/reports/opportunities-for-additive-manufacturing-in-medical-devices-prosthetics-ort

SmarTech is also cohosting the Additive Manufacturing
Strategies Summit (https://additivemanufacturingstrategies.com/) in
conjunction with 3D Print.com that will take place in January
2018. At the event SmarTech analysts will present findings from
this report as well as other related medial and 3D printing
studies.

About the Report:

Early experiments with 3D printing of orthotic and prosthetic
devices have proven 3D printing, as a digitally enabled
process, can expand access to medical devices through
disruptive cost-to-value ratio and flexible on-demand
manufacturing.

Scott Dunham, Vice President of Research at SmarTech Publishing
and author of Opportunities for Additive Manufacturing in
Medical Devices – Prosthetics, Orthotics, and Audiology,
stresses the importance in understanding the potential impacts
that 3D printing/additive manufacturing will have in the
O&P market.

“It’s important for stakeholders in the orthotics and
prosthetics business to realize what the far-reaching potential
impacts that 3D printing will have in how podiatrists and
prosthetists can treat patients, and how consumers will shift
their approach to treatment options for amputation and
biomechanical dysfunction altogether in the future. When you
see compassionate-use groups printing an entire transradial
prosthetic hand for children in underserved areas that costs
less than $500 and is competitive with a $15,000 traditional
device, it’s important to understand how such a use case could
be expanded to really disrupt the existing industry structure.”

The report focuses much of its 120 pages of content and market
analysis on applications and industry adoption of 3D printing
in orthotic and prosthetic devices, including upper and lower
extremity prosthetic applications, to the manufacture of
orthotic insoles and ankle-foot orthotic style braces. Report
features include:

– Ten year revenue opportunity forecasts for sale of printers
by technology, print material by form factor and polymer/alloy
family, print services by device type, and software by tool
functionality

– Penetration and economic impact analysis of adoption of 3D
printing in the existing markets for prosthetic and orthotic
devices, including total market valuation of printed medical
devices or device components where relevant, and the
penetration of 3D printing as a production process compared to
incumbent methods of manufacturing

– Production volume forecasts for printed prosthetics,
orthotics, and related components by device type through 2027,
split by print material where relevant

From the Report:

– The manufacture of custom orthotic insoles using polymer
powder bed fusion and material extrusion 3D printing
technologies are expected to disrupt the business model and
care structure for custom orthotics worldwide, and may
significantly shift the role of the podiatrist in the
dispensing of orthotic insoles in the future. This could spark
adoption of low cost printing technologies directly in-office
by foot care specialists.

– In prosthetics, 3D printing holds promise as a production
process to upend the traditional market where prosthetic
devices often cost between $10,000 and $50,000 or more, and
only have an expected useful product lifecycle of five years or
less. Digital manufacturing allows not only for the potential
for the creation of much more accessible devices from a cost
perspective, but also for a much more sustainable approach to
life-long amputee care through a digitally powered process
using scanning and imaging technology.

To Purchase this Report:
For more information or to purchase this report, please
contact:
Missy Wade
missy@smartechpublishing.com

About SmarTech Publishing:

Since 2013 SmarTech Publishing has published reports on all the
important revenue opportunities in the 3D printing/additive
manufacturing sector and is considered the leading industry
analyst firm providing coverage of this sector. Our company has
a client roster that includes the largest 3D printer firms,
materials firms and investors in the 3DP/AM sector.

For more details on our company go to www.smartechpublishing.com

Press Contact:
Robert Nolan
rob@smartechpublishing.com

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