According to the research report, the global 3D Printed Medical Implants Market in 2019 was approximately USD 1.2 Billion. The market is expected to grow at a CAGR of 14.3% and is anticipated to reach around USD 3.8 Billion by 2026.
The 3D Printed Medical Implants Market Is Powered By Increasing Prevalence For The Need Of Medical Implant And Collaboration Of ManufacturersAcross The World.
3D printing is also called additive manufacturing which means the addition of layers related to raw materials for the production of objects that forms a three-dimensional file. In terms of medical, these 3D medical implants help the surgeons in surgeries by biological objects implantation and also helps to minimize the risks which are involved during the surgery, infection risk and slow down in anesthesia exposure duration. 3D printing is a highly growing technology in today’s time that boosts the manufacturers of the medical sector to produce customized products and implant them through the replacement of damaged biological structures. This 3D printed medical implant helps the patients in their rapid recovery and thus reducing their stay in hospitals.
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With each day passing, new techniques of printing the implants need new biomaterials, which will enhance the need for 3D printed medical implants. There has been huge approval of 3D printed medical implants for surgeries. Due to this reason the biotechnology companies, established as well as startups are making partnerships or collaborations with many universities. These efforts have strengthened the medical burden of people who comes up with traumatic injuries.
Top Market Players
Major key players operating in the 3D printed medical implants market includes Aspect Biosystems, Organovo, 3D Bioprinting Solutions, Rokit, Stratasys, Medprin, Cyfuse Biomedical, Formlabs, Materialise, BioBotsamong others.
As per the survey of the World Health Organization, in the year 2016, approximately 60 million population in the U.S. was suffering from periodontitis due to the reasons such as diabetes gangrene, a rise in periodontitis, vascular diseases, osteoarthritis, which has created the demand for 3D printed medical implants. Also, the high growth in technological advancements in the field of healthcare will boost the demand for 3D printed medical implants market in the coming years. Moreover, the collaborations and partnerships between the manufacturing firms to enhance the development of the product has affected the market growth. Chronic diseases are also increasing day by day which includes a rise in accidents, bone dental diseases will definitely propel the growth of the 3D printed medical implants market.
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Key Segments: 3D Printed Medical Implants Market
The market for 3D printed medical implants is segmented on the basis of components, technology, application, and end-user. On the basis of components, it is bifurcated into material, service, software and among this software, the segment is expected to dominate the market owing to the rise in investments for the development of software solutions. Secondly, on the basis of technology the market is bifurcated into laser beam melting, electronic beam melting, droplet deposition, others. Further, by application the market is bifurcated into dental, orthopedic, cranial, others and among these dental segment will hold the maximum market share because of the availability of customized, affordable, and technological products in the dentistry sector. Lastly, on the basis of end-users, the market is bifurcated into pharmaceutical and biopharmaceutical companies, academic institutions, surgical centers, others. The surgical center’s segment will dominate the market in the forecast period due to the minimize in complications by the use of 3D printed medical devices. In terms of geography, North America will dominate the market for 3D printed medical implants in the coming years due to the awareness among the population regarding the newest technologies and advancements, and adopting the same will increase the expenditure of the healthcare sector in this region.
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The taxonomy of the 3D printed medical implants market by its scope and segmentation is as follows:
Global 3D Printed Medical Implants Market: Component Analysis
Global 3D Printed Medical Implants Market: Technology Analysis
- Laser Beam Melting
- Electronic Beam Melting
- Droplet Deposition
Global 3D Printed Medical Implants Market: Application Analysis
Global 3D Printed Medical Implants Market: End-User Analysis
- Pharmaceutical & Biopharmaceutical Companies
- Academic Institutions
- Surgical Centres
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