By Zacks Equity Research
Leading provider of 3D digital design and fabrication solutions, 3D Systems Corporation (DDD – Analyst Report) recently entered into a multilayer partnership with prosthetic fashion giant UNYQ. The collaboration aims to introduce advanced 3D printing technologies to the prosthetics and orthotics industries. The partnership will unfold sequentially with UNYQ integrating prosthetic fairings of 3D Systems into its own portfolio, followed by the launch of an orthotic product line later this year.
Inside the Headlines
This partnership heralds encouraging news for amputee patients as it amalgamates 3D Systems’ extensive prosthetic and orthotic portfolio with UNYQ’s highly efficient and cost-effective production techniques. Moreover, UNYQ’s solid go-to-market approach will perfectly complement the robust manufacturing expertise of 3D Systems, helping the latter to commercialize its customized prosthetic fairings, braces and casts. This collaboration will also witness exchange of intellectual property, with UNYQ becoming the chosen partner for 3D Systems and aiding it in marketing personalized prosthetic products like fairings, braces and casts.
3D Systems has been making concerted efforts to enhance its market share in prosthetic orthotic and orthopedic industry since 2012, when it had acquired Bespoke Innovations, a popular provider of cutting-edge technology in prosthetic equipments. With the latest joint venture, UNYQ and 3D Systems not only aspire to commercialize many of Bespoke’s original designs, but also develop new products by leveraging 3D Systems’ personalized scoliosis braces.
