Wednesday, December 8th, 2021

3D Printed Medical Implants Market Share, by Companies Outlook, Growth Prospects and Key Opportunities by 2027

3D printing includes expansion of back-to-back layers of materials until the item is made in three-dimensional structure. This innovation is relied upon to address developing issues of human services by giving uncommonly arranged medical gadgets. Moreover, this procedure decreases trouble on specialists to execute complex medical procedures including danger of disease and furthermore diminishes span of introduction to anesthesia. 

The market for 3D printed medical implants market growth is likely to register a CAGR of 18.1% during the forecast period, the market stood at USD 1,124.68 million in 2018. Expanding innovative advances in 3D printed implants, for example, improvement of CT-Bone, bone indistinguishable redid embed for use in mandible and zygoma increase procedure should help business development. 

Its controlled porosity empowers it to fit life structures of the patient, in this manner, dominatingly driving industry development. Also, increment in medicinal services consumption, ascend in R&D venture, flood in number of medical procedures and expanding extent of 3D innovation in biomedical application will spike income size during the figure time frame. In any case, factors, for example, significant expense of printers, longer creation courses of events, absence of talented representatives and absence of in-house added substance fabricating assets is relied upon to obstruct 3D printed implants market development over the coming years.

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Adaptability of 3D printing to limit extra set up costs combined with producers’ abilities to make gadgets to coordinate patient’s life systems will drive segmental development. Medical gadgets delivered by 3D printing, for example, orthopedic just as cranial implants, careful instruments and dental reclamations will emphatically affect business development.

Competitive Analysis:

The key players operating in the global 3D printed medical implants market include Aspect Biosystems, 3D Bioprinting Solutions, BioBots, Formlabs, Cyfuse Biomedical, Materialise NV, Organovo, Medprin, and Rokit and Stratasys. The players in the market are focusing on R&D  to develop improving 3D medical implants enabling minimal invasive procedure, which are at affordable prices. This precisely to fulfil rising consumer demands in emerging countries is fuelling growth of the market.

Segmentation:

The 3D printed medical implants market is segmented based on type, medical application, and region.

  • In terms of component type, the global 3D printed medical implants market is categorized into materials, system, and services.
  • Based on the implantation technology, the market is segmented into laser beam melting, droplet deposition, electronic beam melting, and other.
  • Based on the application, the market is segmented into dental, cranio-maxillofacial, and orthopedic.
  • Based on the end user, the market is segmented into hospitals, research and academic institutes, and medical device companies.

Regional Analysis:

Based on the region, the market is segmented into Europe, North Americas, Asia Pacific, the Rest of the World (RoW). Of these, North America is estimated hold strong position in the 3D printed medical implants market owing to several technological advancements, increase in research & development investments, widespread adoption of the 3D printing technology, and several collaborations between academic & commercial organizations.

Additionally, the higher inclination towards technologically advanced products to maintain better health of individuals is favoring the regional growth. Further, increasing demand for medical implants, availability of skilled surgeons, and reduction in cost of implantation procedures in the region is likely to augment the regional growth. 

Additionally, the European market for 3D printed implants is likely to witness considerable growth over the forecast timeframe. In addition, the rise in number of biomedical companies manufacturing 3D printed medical implant market are acting as a primary driver for Europe 3D medical implant market growth.

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