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3D Printed Implants Market Analysis & Trends 2024-2033
3D Printed Implants Market Analysis
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According to The Business Research Company's, 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 growth in the historic period can be attributed to growth in medical research and development, regulatory approvals, customization and personalization, 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 growth in the forecast period can be attributed to biocompatible materials innovation, expanded medical applications, remote surgery and telemedicine, global market expansion, patient-specific implant solutions. Major trends in the forecast period include bio-printing and regenerative medicine, material innovations, orthopedic implants dominance, dental applications, collaborations and partnerships,collaborations and partnerships.
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Market Drivers and Trends:
The increasing prevalence of various medical conditions is driving the growth of the 3D printed medical implants market. As the number of people suffering from orthopaedic, cardiac, and dental diseases is increasing, the demand for 3D dental crowns, 3D dental bridges, 3D acetabular hip implants, shoulder implants, and various other implants is rising. According to the World Health Organization (WHO), the US had around 65 million people suffering from periodontitis i.e. Inflammation and infection of the ligaments and bones that support the teeth. This mainly occurred due to the rising prevalence of periodontitis, diabetes-related gangrene, osteoarthritis, and peripheral vascular disease. Similarly, the rise in prevalence of other medical conditions is driving the demand for use of 3D printed medical implants.
Major companies operating in the 3D printed implant market are innovating new products, such as the Impulse AM, to provide reliable services to customers. Impulse AM is designed for 3D medical implants for better visualization during surgical procedures. For instance, in February 2022, DeGen Medical, Inc., a US-based medical device development company, launched Impulse AM. Impulse AM is a spinal implant made from proprietary titanium Puri-Ti using 3D printing technology. This is the first 3D-printed spinal implant to employ Puri-Ti, a different type of titanium material. Impulse AM allows for the creation of complex geometries and structures that are difficult or impossible to produce with traditional manufacturing methods.
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Major Key Players of the Market:
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, 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.
3D Printed Implants Market 2024 Key Insights:
• 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%.
• Increasing Prevalence Of Medical Conditions In 3D Printed Implants Market
• Advancements In 3D Printed Implants With Impulse Am
• North America was the largest region in the 3D printed medical implants market in 2023
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