The global orthopedic implants market is USD 58.8 billion in 2019 with a CAGR of 7.3%. Today's vast majority of this market consist of standard implants, however, major disruption is happening. The cost reduction of additive manufacturing is driving new players into the market.
New companies embracing software as a way to design and manufacture custom implants better, as well as, product differentiation and lock up market share with their clients.
We are already working with companies in the sector to improve the communication between the doctors and the biomedical engineers that design the implants and prosthetics, massively reducing the time and cost.
But we don't stop there, our technology can help to improve the design process even more, bring innovative automation to reduce 80% of the design time, and effectively scale custom manufacturing.
Lastly, being an API-first company allows us to enable other custom implants/prosthetics companies rather than force them to adopt our way of doing things.