They help enhance the look and appearance of facial features such as ears, nose, breasts, and scalp. Cosmetic prosthetics provide users with confidence, improved quality of life, and physical functioning. Advancements in 3D printing technologies have enabled the mass customization and production of customized cosmetic prosthetics models, tailored to each individual's anatomy and preferences.
The global cosmetic prosthetics market is estimated to be valued at US$ 1.23 Bn in 2024 and is expected to exhibit a CAGR of 6.3% over the forecast period 2024 to 2031.
Advancements in 3D scanning and 3D printing technologies have enabled prosthetics manufacturers to design and produce hyper-realistic customized prosthetics in a cost-effective manner. 3D printed prosthetics provide a unique color, texture, and skin-like appearance match to the patient. Their lightweight structure and durability also enhance comfort.
Key Takeaways
Key players operating in the cosmetic prosthetics market are Biotech Limb and Brace, LLC, Advanced Arm Dynamics, Inc., Proteor, Blatchford Limited, Hanger, Inc., Prosthetic Orthotic Solutions International., Össur, Bionic, Fillauer LLC, Atlantic Prosthetic Orthotic Services Ltd, Tx Group, Novamed, College Park Industries, Boston Orthotics Prosthetics, Shijiazhuang Wonderfu Rehabilitation Device Technology Co.,Ltd, and Ktwo Healthcare Pvt. Ltd.
Key opportunities in the market include rising incidence of craniofacial defects, trauma injuries, and cancer. There is an increase in breast reconstruction procedures post mastectomy.
Technological advancements include the use of 3D scanning to create digitized anatomical models and 3D printing to produce customized hyper-realistic prosthetics. Materials being used also continue to evolve and resemble natural skin texture more closely.
Market drivers
The increasing number of cosmetic/reconstructive surgeries due to trauma injuries, skin diseases, and cancer is a key driver for the Cosmetic Prosthetics Market Size. According to WHO, trauma resulting from accidents or violence causes over 5 million deaths globally each year. Also, one person dies from cancer every 6 seconds, with over 50% of cancers being preventable. The growing melanoma incidence will also propel reconstructive procedures. The improving availability of insurance coverage and growing disabled population will further catalyze the adoption of cosmetic prosthetics.
Current Challenges in Cosmetic Prosthetics Market
The cosmetic prosthetics market faces certain challenges presently. Reimbursement issues pose a major problem as cosmetic prosthetics are generally not covered by health insurance. This makes such prosthetics unaffordable for many. Another challenge is the lack of awareness among people about the availability and benefits of cosmetic prosthetics. This prevents many from considering them as an option. Retention and handling of cosmetic prosthetics can also be difficult for some users. Developing more user-friendly and secure attachment methods remains an area needing improvement.
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