3D Printed Medical Implants Market Strategies and Forecast to 2024
Market Overview:
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.
The market for 3D Printed Medical Implants Market Trends is likely to register a CAGR of 18.1% during the forecast period, the market stood at USD 1,124.68 million in 2018.
3D printing is a procedure that uses a layer by layer method for the creation of a real or physical object from a digital design. This technology is in its early stage in healthcare applications and holds strong potential for a wide variety of applications in medical implants. Factors such as vast technological advancements in the medical device industry, strategic investments done by leading players, and rising need for medical implantation due to the high prevalence of bone-dental disorders are driving the growth of the global 3D printed medical implants market.
Competitive Analysis:
- Aspect Biosystems
- 3D Bioprinting Solutions
- BioBots
- Formlabs
- Cyfuse Biomedical
- Materialise NV
- Organovo
- Medprin
- Rokit and Stratasys
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.