3D Orthopedic Scanning Systems Market
Number of pages: 100 | Report Format: PDF | Published date: May 22, 2023
Historical Years – 2021 | Base Year – 2022 | Forecasted Years – 2023-2031
|
Report Attribute |
Details |
|
Market Size Value in 2022 |
US$ 278.95 million |
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Revenue Forecast in 2031 |
US$ 1,375.2 million |
|
CAGR |
16.5% |
|
Base Year for Estimation |
2022 |
|
Forecast Period |
2023 to 2031 |
|
Historical Year |
2021 |
|
Segments Covered |
Type, Application, End User, and Region |
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Regional Scope |
North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa |
According to the deep-dive market assessment study by Growth Plus Reports, the global 3D Orthopedic Scanning Systems market was valued at US$ 278.95 million in 2022 and is expected to register a revenue CAGR of 16.5% to reach US$ 1,375.2 million by 2031.
3D Orthopedic Scanning Systems Market Fundamentals
3D orthopedic scanning systems are advanced medical devices used in orthopedics to create three-dimensional digital models of a patient's body or specific body parts, primarily focusing on the musculoskeletal system. These systems employ various technologies to capture detailed and accurate patient anatomy information, allowing orthopedic surgeons and healthcare professionals to diagnose conditions, plan surgeries, and create personalized treatment solutions. These systems use different scanning technologies to capture the patient's anatomical data. One commonly used method is structured light scanning, where a series of projected patterns or laser lines are used to map the surface contours of the body. Other technologies include laser scanning, stereo photogrammetry, and CT/MRI-based reconstruction methods. Each technology has strengths and limitations regarding resolution, speed, and accuracy.
The research study on the 3D orthopedic scanning systems market overview thoroughly analyzes the market, along with the aspects that either help or hinder the market's growth, such as its drivers, challenges, and opportunities. The research also discusses the list of businesses that operate in this market and their efforts to establish themselves as major players through expansion plans and innovative ideas. It also emphasizes current events that support the market's revenue expansion. The research also analyses how the COVID-19 pandemic has affected society.
This report is an important tool for the industry stakeholders to gather all the information about the market, customers, and competition. The report also provides the readers with valuable insights on the segmentation, regions, market size & forecast, revenue CAGRs, and other valuable data to help make informed strategic decisions. The study compiles information gathered from industry participants and specialists across the industry value chain. The report also taps into the qualitative and quantitative assessments by industry analysts. Our reports use different methods for estimating the market size and forecast, including secondary research, surveys and interviews, and statistical modeling. With these steps, our reports provide the most accurate market data. These datasets will cumulatively provide in-depth 3D orthopedic scanning systems market forecast to the industry stakeholders.
3D Orthopedic Scanning Systems Market Dynamics
Orthopedic conditions, such as degenerative joint diseases, fractures, and sports injuries, are increasingly prevalent, particularly in aging populations. The growing number of patients requiring orthopedic interventions is driving the demand for advanced technologies like 3D scanning systems and leading to the market’s growth. These systems aid in accurate diagnosis, treatment planning, and monitoring of orthopedic conditions. For instance, according to the WHO’s factsheet of July 2022, approximately 1.7 billion individuals around the globe have musculoskeletal disorders. Advances in scanning technologies, such as structured light, laser, and photogrammetry, have significantly improved the accuracy, speed, and resolution of 3D orthopedic scanning systems. These advancements have made the systems more reliable and efficient, driving their adoption in orthopedic practices and hospitals and thus fueling the growth of the global 3D orthopedic scanning systems market.
Additionally, the high cost of implementation and limited accessibility in developing regions are some of the restraints impeding the overall 3D orthopedic scanning systems market growth.
3D Orthopedic Scanning Systems Market Ecosystem
3D Orthopedic Scanning Systems Market, by Type
3D Orthopedic Scanning Systems Market, by Application
3D Orthopedic Scanning Systems Market, by End User
3D Orthopedic Scanning Systems Market by Type
The scanning systems segment dominated the market with the largest revenue share in 2022. The scanning systems refer to the hardware components used to capture three-dimensional anatomical data of patients. These scanning systems employ various technologies to capture accurate and detailed images of the patient's anatomy, which are then processed and analyzed to create 3D models. Scanning systems consist of different hardware components that facilitate the data capture process. These components may include scanners, cameras, projectors, and other sensors. Scanners emit structured light patterns or lasers to capture surface topography, while cameras capture multiple images from different angles or perspectives. Projectors display patterns or markings on the patient's body to aid in alignment and reference for accurate data capture.
Segmentation of the market refers to the division of the industry into subgroups based on factors such as type, application, and end user. Market segmentation data helps businesses to understand the preferences and unique needs of different customer groups and develop targeted sales strategies. This information also helps in identifying potential 3D orthopedic scanning systems market growth opportunities.
3D Orthopedic Scanning Systems Market by Region
North America dominated the global 3D orthopedic scanning systems market with the largest revenue share in 2022 and is expected to register a CAGR of 16.4% during the forecast period, owing to well-established healthcare infrastructure, technological advancements, high adoption rates of advanced medical technologies, and a rising burden of orthopedic disorders. For instance, according to the United States Bone and Joint Initiative’s information, more than one out of every two individuals in the U.S. aged 18 and over have musculoskeletal disorders. Additionally, North America has one of the highest healthcare expenditures globally. The availability of financial resources and investment in healthcare infrastructure and technologies contribute to adopting 3D orthopedic scanning systems.
Based on the regions, the global 3D orthopedic scanning systems market is segmented into:
Regional demarcation of the industry will provide information on geographic pockets regarding 3D orthopedic scanning systems market outlook, size, share, and growth rate. This data helps businesses evaluate the expansion potential into new regional markets, understand the competitive threats across different regions, and develop localized sales and expansion strategies.
Key Components of the Report
3D Orthopedic Scanning Systems Market Competitive Landscape
The market competitive landscape is performed by collecting and analyzing information about the key competitors, the present industry trends, and market dynamics. It includes information collection and analysis on factors such as products, pricing, geographic outreach, customer demographics, marketing strategies, and recent developments. Competitive landscape assessment will help businesses identify the current prevalent or potential opportunities and threats keeping in mind the 3D orthopedic scanning systems industry trends.
3D Orthopedic Scanning Systems Market Strategic Developments
Key Strengths of Our Report
Target Audience to Benefit from this Report.
Reasons to Buy this Report
3D orthopedic scanning systems are advanced medical devices used in orthopedics to create three-dimensional digital models of a patient's body or specific body parts, primarily focusing on the musculoskeletal system.
The global 3D orthopedic scanning systems market was valued at US$ 378.95 million in 2022.
North American region will have the largest 3D orthopedic scanning systems market size during the forecast period from 2023 to 2031.
The revenue CAGR of the 3D orthopedic scanning systems market during the forecast period will be 16.5% from 2023 to 2031.
Improved surgical planning and outcomes are the most prominent 3D orthopedic scanning systems industry trend.
The high cost of implementation and limited accessibility in development are some key challenges hampering the growth of the global 3D orthopedic scanning systems market.
Technological advancements and the rising prevalence of orthopedic conditions are growth opportunities in the global 3D orthopedic scanning systems market.
Some of the prominent players in the 3D orthopedic scanning systems market are TechMed 3D Inc., FARO Technologies UK Ltd., SCANNY3D S.r.l., AGE Solutions S.r.l., and Orthopaedic Innovation Centre
The scanning system segment has the highest share in the global 3D orthopedic scanning systems market.
*Insights on financial performance are subject to the availability of information in the public domain