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3D Printed Implants Market Analysis

Report ID: GMI5494
Published Date: Mar 2023
Report Format: PDF

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3D Printed Implants Market Analysis

3D Printed Implants Market Share, By Material

In terms of material, 3D printed implants market size from the polymer segment is projected to reach over USD 6 billion by 2032 due to its light weightiness, biocompatibility, non-inflammation, nontoxicity, and suitability in manufacturing orthopedics, spinal, and trauma implants. They have excellent strength and mechanical properties compared to counterparts such as titanium.

In 2022, the orthopedic segment held more than a 39% share in the 3D printed implants market accredited to soaring demand for customized orthopedic implants that enable pre-planned operative routes, shorter recuperation times, rapid procedure outcomes, and decreased operating time. The precise customization of 3D-printed orthopedic implants to the patient's anatomy eliminates the need for multiple implant adjustments and provides patients with an efficient fit while enhancing the functionality of the damaged or deformed part. The orthopedic segment is further bifurcated into knee devices, hip devices, spinal devices, craniomaxillofacial devices, and others.

The 3D printed implants market from hospitals end-use segment is estimated to garner over USD 5 billion in revenue by end of 2032. Improved healthcare infrastructure, availability of experienced medical experts, and advantageous reimbursement policies for 3D-printed implants are likely to promote the hospital segment growth. Furthermore, the expanding aging population is set to fuel the demand for 3D implants. As per WHO, about 1 in 6 people are expected to be aged above 60 years by 2030 and the geriatric population will be 2.1 billion by 2050 compared to 1 billion in 2020.

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North America 3D printed implants market accounted for more than 39.5% industry share in 2022 on account of the strong presence of recognized businesses, along with consistent efforts by the governments to foster the adoption of 3D printed implants in the region. In a recent instance, Curiteva, a medical device manufacturer received FDS approval for its 3D printer dedicated to spinal implantable medical devices, PEEK. The product is set to launch first in the United States and be the first commercialized project for spinal surgery implants in the country.

Authors: Mariam Faizullabhoy

Frequently Asked Questions (FAQ) :

Market size for 3D printed implants was valued at more than USD 2.5 billion in 2022 and is primed to progress at over 19% CAGR between 2023 and 2032 propelled by the mounting adoption of advanced technology in the healthcare sector.

The polymer segment is poised to reach over USD 6 billion in revenue by 2032 as a result of its light weightiness, biocompatibility, non-inflammation, nontoxicity, and suitability in manufacturing orthopedics, spinal, and trauma implants.

The orthopedic application segment held more than 39% of the market share in 2022 owing to soaring demand for customized orthopedic implants that enable pre-planned operative routes and rapid procedure outcomes.

In 2022, the North America 3D printed implants accounted for more than 39.5% market share on account of the strong presence of recognized businesses, along with consistent efforts by the governments to foster the adoption of 3D printed implants in the region.