3D Printed Medical Devices Global Market Report 2024 Analysis, Trends, Growth, Research And Forecast 2033

The Business Research Company recently released a comprehensive report on the Global 3D Printed Medical Devices Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.

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According to The Business Research Company's, The 3d printed medical devices market size has grown exponentially in recent years. It will grow from $3.57 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to customization and personalization, regulatory approvals and standards, rise in demand for patient-specific solutions, collaborations and partnerships, cost-efficiency and time savings.

The 3d printed medical devices market size is expected to see exponential growth in the next few years. It will grow to $12.01 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to increased accessibility and affordability, widespread adoption of 3d printing in healthcare, remote healthcare and telemedicine integration, focus on sustainable and eco-friendly practices,biocompatible material innovations, . Major trends in the forecast period include regulatory adaptation to technological advances, integration of artificial intelligence, technological advancements in 3d printing, point-of-care printing, remote printing and telemedicine.

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Market Drivers and Trends:

The increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the growth of the 3D printed medical devices market. Osteoarthritis is a disorder that damages the joint cartilage and surrounding tissues causing pain, stiffness, and loss of joint function to the person affected by it. The 3D printing medical devices enable the creation of a replica of a patient's joint, which can provide surgeons with a crucial piece of information that might not be visible on a 2-dimensional scan. The chance of developing osteoarthritis increases with age. For instance, according to the US National Library of Medicine report, by 2040, it is estimated that approximately 78 million (26%) US adults aged 18 years and above will be projected to have doctor-diagnosed arthritis. Thereby driving the adoption of 3D printed medical devices, positively impacting the market growth.

The increasing use of 3D printing technology in the spine industry is one of the latest trends in the 3D printing medical devices market. The spine industry is adopting 3D printing to produce new innovative products that can promote bone ingrowth and improve implant fixation to spine bone, reducing the number of manufacturing steps, thereby making the 3D printing process more cost-effective in several cases. For instance, Medtronic launched its titanium 3D printed platform - TiONIC Technology. TiONIC Technology is a 3D printed technique that uses laser methods to create implants with enhanced surface textures. Artic-L is the first implant created by the company using TiONIC Technology. The implant is made up of titanium and is designed to be used by surgeons in spine surgery. In addition to that, K2M's Lamellar, introduced its 3D Titanium Technology to create a 3D spinal implant. The 3D printing medical device using titanium technology uses an advanced 3D printing method to create structures that were once considered impractical with traditional manufacturing techniques. The implants use titanium powder and are associated with bone growth activity.

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Major Key Players of the Market:

Siemens AG, General Electric Company, Arcam AB, Hewlett Packard Development Company LP, Adobe Inc., Dassault Systèmes SE, Phidias Technologies, Ansys Inc., Bio3D Technologies Pte Ltd., Renishaw plc, Stratasys Ltd., Concept Laser GmbH, 3D Systems Corporation, Protolabs Inc., Materialise NV, Groupe Gorgé SA, SLM Solutions Group AG, Carbon Inc., Formlabs Inc., ExOne Company, Envision TEC Inc., Nano Dimension Ltd., Cyfuse Biomedical K.K., EOS GmbH Electro Optical Systems, Oxford Performance Materials Inc., FabRx Ltd., Organovo Holdings Inc., Laser GmbH, 3T RPD Ltd.

3D Printed Medical Devices Market 2024 Key Insights:

• The 3d printed medical devices market size is expected to see exponential growth in the next few years. It will grow to $12.01 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%.
• Increasing Prevalence Of Osteoarthritis In 3D Printed Medical Devices Market
• Advancements In Technology In 3D Printed Medical Devices Market
• North America was the largest region in the 3D printed medical devices market in 2023

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