PUBLISHER: The Business Research Company | PRODUCT CODE: 1435253
PUBLISHER: The Business Research Company | PRODUCT CODE: 1435253
3D printed implants serve as artificial devices designed to substitute a missing or damaged biological structure within the body. They are created by depositing successive layers of material based on input from a digital 3D model.
The primary technologies employed for implantation in 3D printed medical implants include laser beam melting, electronic beam melting, droplet deposition, laminated deposition, and two-photon polymerization. Laser beam melting, a manufacturing process, involves digitally cutting 3D components into 2D layers through a high-performance laser, melting and bonding at these specific points. These implants find various applications in dental, orthopedic, and craniomaxillofacial fields, catering to end-users such as medical and surgical centers, pharmaceutical companies, the biotechnology industry, and medical institutions.
The 3D printed medical implants market research report is one of a series of new reports from The Business Research Company that provides 3D printed medical implants market statistics, including 3D printed medical implants industry global market size, regional shares, competitors with a 3D printed medical implants market share, detailed 3D printed medical implants market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed medical implants industry. This 3D printed medical implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.
The 3d printed implants market size has grown rapidly in recent years. It will grow from $2.67 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The expansion observed during the historical period can be credited to advancements in medical research and development, regulatory approvals, customization and personalization, as well as cost-efficiency and time savings.
The 3d printed implants market size is expected to see rapid growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The anticipated growth in the forecast period is linked to innovations in biocompatible materials, the broadening of medical applications, advancements in remote surgery and telemedicine, global market expansion, and the provision of patient-specific implant solutions. Key trends expected in the forecast period encompass bio-printing and regenerative medicine, material innovations, the dominance of orthopedic implants, dental applications, as well as increased emphasis on collaborations and partnerships.
The growth of the 3D printed medical implants market is being fueled by the increasing prevalence of various medical conditions. With a rising number of individuals experiencing orthopedic, cardiac, and dental diseases, the demand for 3D dental crowns, bridges, acetabular hip implants, shoulder implants, and other implants is on the rise. According to the World Health Organization (WHO), approximately 65 million people in the US suffered from periodontitis, marked by inflammation and infection of the ligaments and bones supporting teeth. This surge is attributed to the increasing incidences of periodontitis, diabetes-related gangrene, osteoarthritis, and peripheral vascular disease. Consequently, the demand for 3D printed medical implants is escalating due to the growing prevalence of various medical conditions.
The upward trajectory of the 3D printed implants market is anticipated to be further propelled by its increased utilization in dental procedures. Dental procedures encompass a broad spectrum of medical treatments performed by dental professionals to diagnose, prevent, or treat various oral health conditions. 3D printed implants are employed in dental procedures, particularly in additive manufacturing for crown and bridge restorations, where they are tailored to match the unique dental shape of the patient. In August 2022, NHS Digital reported that dentists in the UK conducted 24,272 dental activities for 2021-22, marking a rise of 539 from the previous year. This surge in dental procedures is a key factor driving the growth of the 3D printed implants market.
The stringent approval process for selecting new materials for 3D implants serves as a time-consuming constraint for the market. The high-quality materials required for 3D printing must meet specific criteria set by regulatory bodies such as the US FDA. These bodies provide guidelines and requirements, monitoring material quality control. For example, while the US FDA approved the use of titanium alloy in spinal implants, it did not extend approval for its use in other medical devices. Consequently, companies must undergo a lengthy approval process for each new material application, causing delays in product launches and hindering the growth of the 3D printed medical implants market.
Leading companies in the 3D printed implant market are actively innovating new products to enhance customer services. One notable example is the Impulse AM, designed for 3D medical implants to improve visualization during surgical procedures. In February 2022, DeGen Medical, Inc., a US-based medical device development company, introduced Impulse AM, a spinal implant made from proprietary titanium Puri-Ti using 3D printing technology. This groundbreaking product, being the first 3D-printed spinal implant utilizing Puri-Ti, enables the creation of complex geometries and structures that traditional manufacturing methods find challenging or impossible.
In September 2023, Restor3D Inc., a US-based company providing surgical and medical instruments, including 3D printed implants, acquired Conformis Inc. for an undisclosed amount. This strategic acquisition aims to broaden Restor3D Inc.'s product portfolio, enhance its capabilities in 3D printed orthopedic implants, and deliver clinically differentiated and cost-effective solutions to patients. Conformis Inc., a US-based company specializing in 3D-printed orthopedic implants, adds valuable expertise and resources to Restor3D Inc.'s expansion efforts.
Major companies operating in the 3d printed implants market report are Johnson & Johnson, Medtronic PLC, Canon Inc., Siemens Healthineers, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare, Zimmer Biomet Holdings Inc., Bio3D Technologies, Neusoft Medical System, Renishaw PLC, Stratasys Ltd., 3D Systems Corporation, Lima Corporation, Materialise NV, EOS GmbH Electro Optical Systems, SLM Solutions Group AG, Prodways Group, Arcam AB, EnvisionTEC, axial3D Ltd., Cyfuse Medical, Cyfuse Biomedical K.K., Oxford Performance Materials, Formlabs Inc., FabRx Ltd., 3D LifePrints Ltd., Organovo Holdings Inc., Laser GmbH, 3T RPD Ltd., Xilloc Medical B.V.
North America was the largest region in the 3D printed medical implants market in 2023. Asia-Pacific was the second-largest region in the global 3D printed medical implants market. The regions covered in the 3d printed implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
The countries covered in the 3d printed implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain
The 3D printed implants market consists of sales of 3D implants created by technologies such as laser beam melting, electronic beam melting, droplet deposition, laminated deposition, and two-photon polymerization. The market value includes the value of related goods sold by the service provider or included within the service offering.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
3D Printed Implants Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on 3d printed implants market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for 3d printed implants ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The 3d printed implants market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
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