The global demand for 3D printed medical implants is expected to rise at a healthy CAGR of 12.5% to be valued at USD 2,494.5 million by 2032, supported by the following:
| Attributes | Details |
|---|---|
| 3D Printed Medical Implants Market Size (2022) | USD 680.9 million |
| 3D Printed Medical Implants Market Size (2032) | USD 2,494.5 million |
| 3D Printed Medical Implants Market CAGR (2022 to 2032) | 12.5% |
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The 3D printed medical implants market is driven by the surging prevalence of various medical issues. With the rising number of people facing orthopedic, cardiac, and dental diseases, the demand for 3D dental bridges, 3D dental crowns, shoulder implants, and 3D acetabular hip implants, among many other implants, is observing heightened demand.
In 2022, World Health Organization (WHO) reported that about 14% of the global adult population is estimated to be witnessing severe periodontal diseases, which results in infection and inflammation in the ligaments and bones that uphold the teeth. Similarly, the growing prevalence of other medical conditions is boosting the demand for 3D printed medical implants.
Regionally, North America is expected to contribute to the highest market share due to the rising number of product launches and the heightened presence of key regional players.
Further, the market is also expected to be positively influenced by the presence of high-quality and widespread healthcare facilities, particularly hospitals and diagnostic imaging centers, and the surging infrastructure for the 3D printer in healthcare facilities.
The Asia Pacific market is expected to observe healthy growth due to ongoing market expansion by key market players in the region. For instance, in July 2018, Oxford Performance Materials Inc. (OPM), upon receiving accreditation as a foreign medical device producer by the Japanese Ministry of Health, Labour, and Welfare, partnered with JSR Corp. (JSR), a Tokyo-based materials provider, to form OPM Asia. The manufacturing of 3D printers of PEKK implants began in Japan, with products for sale in Asia in 2019.
The market is predicted to foster over the forecast period attributable to recent collaborations between the market players. For instance, in July 2022, Oxford Performance Materials announced an agreement with Fuse Medical, Inc. (Fuse), a producer and distributor of inventive medical devices, to construct new, premium-quality spinal, extremity and sports medicine implant product lines by using OPM’s patented OsteoFab® PEKK technology.
As per the 3D printed medical implants market study, 3D printing, also known as additive manufacturing, is a process by which a three-dimensional object is constructed from a digital model, layer by layer. Although it is still in its infancy, this technology holds great promise for a variety of medical implant applications.
Increased demand for medical implantation due to the prevalence of bone-dental problems, and strategic investments by key players are all factors propelling the 3D printed medical implants market.
There has been a huge increase in public and private funding to support various efforts in the 3D printing sector in recent years. In turn, the global demand for 3D printed medical implants is expected to expand during the forecast period as a result of these research and funding initiatives.
The demand for 3D printed medical implants is growing rapidly and addressing a significant unmet need. Training surgeons with computer simulations before actual operations can boost healthcare efficiency. Products in the global 3D printing medical implants market also aid in the reconstruction of lost facial features, tissue, and even limbs due to serious conditions like arthritis.
In addition, thanks to developments in technology like nanomaterials, clinicians can now construct accurate duplicates of individual anatomy, allowing them to expand their services naturally. As a result of the 3D printing technology and the virtual planning and supervision it provides, major surgeries like total joint replacement and heart replacement are now feasible.
There is optimism that the 3D printed medical implants market is likely to grow at a healthy rate over the next few years. Medical devices are being constructed using 3D printing technology, which is a form of additive manufacturing.
Medical device designers benefit from 3D printing's adaptability because it makes it simple to install new machinery, do away with the need for specific tools, or implement alterations. The result is anticipated to be a 1.3-fold increase in market demand for 3D printed medical implants over the forecast period.
After expanding at a CAGR of 15.9% between 2017 and 2021, Future Market Insights predicts the 3D printing medical devices market is likely to slow to a CAGR of 12.5% between 2022 and 2032.
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Driver: Increased Funding for 3D printing projects from both the public and private sectors
In recent years, public and private funding for 3D printing projects have increased significantly. The development of 3D printing products and technologies are anticipated to be stimulated by such research and funding activities, which in turn is expected to drive the expansion of the 3D printing medical devices market.
The following are some recent advances that are shaping up the printed medical implants market. The top software platform for additive manufacturing processes is likely to be developed with USD 40 million that topology (US) raised in September 2020.
The The University of Huddersfield in the United Kingdom received USD 2.6 million (EUR 2.25 million) from Innovate UK in March 2019 to create a new generation of electron-beam additive manufacturing (EBAM) printers.
Restraint: Reduced Availability of Skilled Workers Owing to Insufficient Additive Manufacturing Training
Without a properly trained workforce, additive manufacturing and 3D printing are forecasted to struggle to gain widespread acceptance. The rapid pace of evolution of the 3D printing medical devices market in terms of technology and materials has exacerbated the already severe shortage of personnel knowledgeable in 3D printing processes.
Additive manufacturing education options are limited, and it can be challenging to bridge the gap between classroom theory and real-world practice. In additive manufacturing, product quality can suffer from a lack of skilled workers due to a gap in knowledge about the design and manufacturing processes. Without this kind of labour force, the medical device industry would be unable to fully embrace 3D printing.
The market for medical devices made using 3D printing is largest in North America, where they account for 46.7% of the total. During the years 2022-2032, the regional demand for 3D printed medical implants is anticipated to grow at a CAGR of 14.3 per cent.
The rising prevalence of healthcare facilities like hospitals and diagnostic centres, as well as the rising prevalence of 3D printers in these settings, are driving the industry's expansion.
How is the Performance of the North America 3D Printed Medical Implants Market?
The market for medical devices made using 3D printing is largest in North America, where they account for 46.7% of the total. During the years 2022-2032, the regional demand for 3D printed medical implants is anticipated to grow at a CAGR of 14.3 percent.
The rising prevalence of healthcare facilities like hospitals and diagnostic centres, as well as the rising prevalence of 3D printers in these settings, are driving the industry's expansion.
What is the Growth Outlook for the Asia-Pacific 3D Printed Medical Implants Market?
With respective shares of 19.5% and 18.7%, East and South Asia are major contributors to the 3D printing medical devices market in the Asia-Pacific region. Together, they control 31.1% of the global demand for 3D printed medical implants.
However, it is predicted that the region is expected to be the fastest growing 3D printed medical implants market, expanding at a CAGR of 15.3 per cent over the forecast period. This is because there is a higher demand for healthcare overall, and medical device sales have been increasing rapidly.
It is also a prime location for medical device manufacturing and sourcing, so many companies in this industry are looking to set up shop there. In the years to come, this is likely to be a driving force in the 3D printed medical implants market.
To improve clinical workflow, the medical and dental industries have become increasingly digitised over the years. In the 3D printing medical implants market, digital dentistry and operations are replacing conventional surgical procedures. The term "direct digital manufacturing" refers to the process whereby a physical object is made from a digital design using computer-controlled procedures.
Owing to developments in 3D printing, direct digital manufacturing is quickly replacing more conventional methods of production. The time from design to production is shortened, the output is increased, and tooling costs are nullified, making it a compelling option.
Competition in the international demand for 3D printed medical implants is fierce because of the large number of local vendors. Key players engage in a wide range of promotional activities, including mergers and acquisitions, expansions, collaborations, and partnerships.
Top companies also use new product development as a means of increasing their consumer base and cementing their position as industry leaders. As a result of these efforts, cutting-edge 3D printed medical tools are now routinely used.
Cerhum SA, Oxford Performance Materials Inc., Straumann Group, MedShape, Inc., Renovis Surgical Technologies, Inc., BioArchitects, 3D Medical Manufacturing, Inc., EOS GmbH, Stratasys Ltd., and Emerging Implant Technologies GmbH among others
Some of the recent developments in the 3D Printed Medical Implants market are:
In March of 2021, Stratasys Ltd. unveiled the J5 DentaJet 3D Poly Jet printer for use in dental labs through their SLM Solutions partnership with Canwell Medical. Canwell Medical is expected to now be able to use SLM machines to create 3D printed surgical implant products thanks to this collaboration.
Canwell Medical is projected to receive an application and technical assistance, as well as research and development support, as it moves forward with serial production and product certification.
| Report Attribute | Details |
|---|---|
| Growth Rate | CAGR of 12.5% from 2022 to 2032 |
| Base year for estimation | 2021 |
| Historical data | 2016 to 2021 |
| Forecast period | 2022 to 2032 |
| Quantitative units | Revenue in USD million and CAGR from 2022 to 2032 |
| Report coverage | Revenue forecast, volume forecast, company ranking, competitive landscape, growth factors, and trends, Pricing Analysis |
| Segments covered | Material, Application, and Region. |
| Regional scope | North America; Western Europe; Eastern Europe; Middle East; Africa; ASEAN; South Asia; Rest of Asia; Australia and New Zealand |
| Country scope | USA, Canada, Mexico, Germany, UK, France, Italy, Spain, Russia, Belgium, Poland, Czech Republic, China, India, Japan, Australia, Brazil, Argentina, Colombia, Saudi Arabia, UAE, Iran, South Africa |
| Key companies profiled | Cerhum SA; Oxford Performance Materials Inc.; Straumann Group; MedShape, Inc.; Renovis Surgical Technologies, Inc.; BioArchitects; 3D Medical Manufacturing, Inc.; EOS GmbH; Stratasys Ltd.; and Emerging Implant Technologies GmbH among others |
The 3D printed medical implants market is anticipated to generate a CAGR of 12.5% during the forecast period.
The lack of available specialized training in additive manufacturing has led to a shortage of skilled labor in the 3D printed medical implants market.
By 2032, the 3D printed medical implants market is likely to grow to a revenue of USD 2,494.5 Million.
| Estimated Market Size in 2024 | USD 10.7 billion |
|---|---|
| Projected Market Size in 2034 | USD 21 billion |
| Value-based CAGR (2024 to 2034) | 6.9% |
| Market Value for 2024 | USD 2.24 billion |
|---|---|
| Market Value for 2034 | USD 6.82 billion |
| Market CAGR (2024 to 2034) | 11.8% |
| Market Size (2023) | USD 799.8 million |
|---|---|
| Market Size (2033) | USD 3.6 billion |
| Market CAGR (2023 to 2033) | 16.3% |
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