3D Printing Medical Implants Market Size USD 9.06 BN by 2030

According to Precedence Research, the global 3D printing medical implants market size was valued at USD 1.59 billion in 2020 and is predicted to surpass over USD 9.06 billion by 2030.

The global 3D printing medical implants market is estimated to drive growth at a remarkable CAGR of 19% during the forecast period 2022 to 2030.

Growth Factors

The 3D printing is a way for creating a real or physical thing from a digital design that uses a layer-by-layer method. This technology is still in its early stages in healthcare applications but it has a lot of potential for a wide range of medical implant uses. The 3D printing medical implants market is being driven by various factors such as extensive technological developments in the medical device industry, increased demand for medical implantation due to the high frequency of bone-dental problems, and strategic investments made by major players. A huge surge in public-private funding to assist various efforts in the 3D printing sector has occurred in recent years. Such research and funding initiatives are projected to accelerate the development of 3D printing products and technologies, propelling the growth of the global 3D printing medical implants market during the forecast period.

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The competition in the global 3D printing medical implants market is filling a critical gap in the medical industry. Pre-surgery training using artificial models can help improve medical processes. Furthermore, the products in the worldwide 3D printing medical implants market aid in the rebuilding of full facial features, tissue lost, and limbs lost due to major conditions like arthritis. In addition, with the advances in technology such as nanomaterials, clinicians can now construct accurate duplicates of individual anatomy and naturally expand their services. Furthermore, as virtual planning and supervision given by 3D printed technology, important surgeries such as total joint replacement and heart replacement have become possible.

Scope of the report

Report Highlights:

• Based on the application, the orthopedicsegment dominated the global 3D printing medical implants market in 2020 with largest market share. The introduction of polymeric and metallic implants for difficult reconstructions such as craniomaxillofacial surgery and tumor surgery will drive the growth of the segment.
• By end user, the pharmaceutical and biotechnological companies’ segment is the largest segment in the 3D printing medical implants market. 3D printing is widely utilized to create highly personalized implants from a wide range of a materials including biological materials like plastics, metals, and ceramics.
• North America is the largest segment for 3D printing medical implants market in terms of region. The strong basis of healthcare institutions particularly diagnostic imaging centers and healthcare centers and the rising installation base of 3D printers in hospitals are driving the 3D printing medical implants market in the region.
• Asia-Pacific region is the fastest growing region in the 3D printing medical implants market. This is attributed to the growing demand for better healthcare facilities, constantly advancing technology, and the availability of a large patient pool.

Future of 3D Printing Medical Implants Market

The digitization of medical and dentistry operations has progressed dramatically over the years with the goal of enhancing clinical workflow through technology integration. The traditional surgeries are giving way to digital dentistry and operations in the 3D printing medical implants market. The direct digital manufacturing is the method of creating a physical thing directly from a digital design using computer-controlled procedures. The direct digital manufacturing is becoming a more extensively utilized technology than traditional production techniques due to advances in 3D printing. It has a unique combination of benefits in that it eliminates tooling costs, boosts the output, and lowers the time between design and manufacturing.

COVID-19 Impact Analysis:

• As hospitals grew more focused on the COVID-19 pandemic as a result of the pandemic, access to consumers to sell and implement 3D printing medical implants declined.
• The epidemic has resulted in a huge surge in ventilator demand. The manufacturing units closures due tointerrupted supply chains and lockdowns restrictions had a minor impact on the growth of the 3D printing medical implants market in 2020.

Key Developments in the Marketplace:

• 3D Systems announced patient specific VSP Hybrid Guides for maxillofacial surgeries in April 2021 using nylon and titanium.
• Stratasys Ltd. launched the J5 DentaJet3-dimensional Printer PolyJet printer for dental facilities in March 2021.
• EnvisionTEC was purchased by Desktop Metal Inc. in February 2021. The firm’s existing customer base of 3-dimensional printing medical implants will be strengthened as a result of this purchase.
• Objet340 Dental Prime was introduced by Stratasys Ltd in 2015 and is used for low cost and high-quality implantation procedures.
• Johnson & Johnson announced a relationship with a HP Inc. in May 2016 to produce individualized healthcare solutions at lower costs using 3D printing processes.
• Envison teamed up with ScanSource Inc. in 2017 to provide 3D printing solutions to resellers throughout the Americas.

Major Market Segments Covered:

By Component

• Material
• Service
• System

By Application

• Dental
• Orthopedic
• Cranial
• Others

By End user

• Pharmaceutical & biopharmaceutical companies
• Academic institutions
• Surgical centers

By Technology

• Laser beam melting
• Electronic beam melting
• Droplet deposition
• Others

By Geography

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa (MEA)

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