3D Printing Medical Implants Market Worth US$ 9069.9 Million by 2030

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According to Precedence Research, the global 3D printing medical implants market was estimated at US$ 1,592.6 million in 2020 and is projected to reach US$ 9069.9 million by 2030, registering a CAGR of 19% from 2021 to 2030. The report contains 150+ pages with detailed analysis.

3D Printing Medical Implants Market Size 2017-2030

The report provides the overall revenue of the global 3D printing medical implants market from 2017 to 2030, considering 2020 as the base year and 2030 as the forecast year. The study includes drivers and restraints of this global market. It offers a thorough analysis of the market revenue status, growth, future trends, and forecast of the global 3D printing medical implants market for the period from 2017 to 2030.

3D printing encompasses addition of consecutive coatings of materials till the object is generated in form of 3D. This advanced technology is estimated to meet budding needs of healthcare by offering particularly configured health devices. Likewise, this process decreases load on healthcare professionals to implement difficult surgeries including risks of contamination and also lessens duration of contact to anesthesia.

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Scope of the Study

This market report studies market dynamics, status and outlook especially in North America, Europe and Asia-Pacific, Latin America, Middle East and Africa. This research report offers scenario and forecast (revenue/volume), and categorizes market by players, product, application, and region. This report also studies global market prominence, competitive landscape, market share, growth rate market dynamics such as drivers, restraints and opportunities, and distributors and sales channel.

This research study also integrates Industry Chain analysis and Porter’s Five Forces Analysis. Further, this report offers competitive scenario which comprises collaborations, market concentration rate and expansions, mergers & acquisitions undertaken by companies.

Growth Factors:

Increasing research in critical surgeries and growing number of critical surgeries such as whole joint replacement and heart transplantation or replacement are driving growth of the global market. In addition, 3D printed implant helps healthcare professionals to practice before actual critical surgery, which helps to reduce the risk and conduct the successful surgery. This is leading to increased demand for 3D implants and driving growth of the global market. Furthermore, rising use of 3D implants is fueled by various other applications such as these implants reduces risk of patient life, reduces risk of infection in surgical procedures, and are recyclable.

Also, use of 3D implants reduces the overall time of surgery and helps to reduce the anesthesia. The reduced time of surgery supports healthcare professionals to conduct more surgeries and attend more patients to provide them on time service. These are some factors fueling growth of the global market. There are several benefits associated with 3D implants and 3D printing in medical implants which is another major factor propelling growth of the global market. 3D printing is a flexible technology and do not need additional set-up for different medical devices and customized devices. This reduces the overall production cost and support manufacturers to increase their revenue.

In addition, 3D printing in medical implants allows key players to manufacture customized medical implants as per patient need. Furthermore, 3D printing in medical implants is playing key role in cosmetic surgeries as well. 3D printing in medical implants supports to gain original face structure and can support to make required changes to improve the personality. This are some other factors expected to result in growth of the global market during the forecast period.

Report Highlights:

  • Based on component segment, material segment projected for the largest revenue with significant portion in prediction period of time. This is accredited to flexibility of 3D printing in order to minimalize extra set up costs together with producers’ skills to produce devices to match anatomy of the patient.
  • On the basis of application, orthopedic application is accounted for the weighty share in the target industry. This is due to the adoption of metallic and polymeric implants for complex reconstructions, such as tumor surgery and craniomaxillofacial surgery.
  • Based on end user segment, pharmaceutical and biotechnologicaults segment planned for the largest revenue with significant portion in estimate period of time. This is due to the efforts taken by these companies in order to get competitive edge in the global industry.
  • Materialize N. V. a leading company contributes significantly in the target industry and this is due to the various innovative product launches by the company across the world.

COVID-19 Impact:

The industrial report mentions the influence of the ongoing COVID-19 pandemic. The outbreak has caused disturbances in several industries and has hammered the logistics, resulting in delayed deliveries and cancellation of product demand. The 3D printing medical implants report proficiently explains the resulting factors and concerns of manufacturers. Researchers have also well-explained how the producers and providers will tackle the ongoing epidemic and the key strategies to be adopted post-pandemic for turning their businesses back to normal.

Regional Analysis:

In 2020, North America dominated the global market with a market share of more than 30%. United States represented the highest share in the North America region primarily due to high healthcare spending along with tendency of health management among the individuals in the North America. Moreover, increasing adoption of technically advanced products in the countries including United States and Canada is expected to have positive impact on the industry growth. Asia Pacific is expected to account for the second largest market in the 3D printing in medical implants in terms of revenue in 2022.

The growth in the Asian countries is attributed to growing awareness among Asian population regarding health benefits of 3D printing in medical implants which is boosting growth of the target industry in the countries of Asia Pacific including China, India, Japan, among others. Increasing prevalence of dental disorders, bone related disorders in the countries of Asia Pacific is another important factor which is demanding huge amount of 3D printing in medical implants and in turn boosting growth of the Asia Pacific 3D printing in medical implants market in the near future. Growth in the healthcare spending as well as accessibility to the skilled surgeons are among major factors projected to have optimistic impact on the growth of the target industry in Asian countries.

Key Market Players and Strategies:

Leading competitors contending in the global 3D printing medical implants market are as follows:

  • 3D Bioprinting Solutions
  • BioBots
  • ANDREAS STIHL AG & Co. KG
  • Aspect Biosystems
  • Formlabs
  • Medprin
  • Stratasys
  • Organovo
  • Rokit
  • Materialise N.V.
  • Cyfuse Biomedical

Huge investment in the technological development of 3D printing in medical implants along with business-related collaborations are the crucial business strategies started by the major players operating in the global 3D printing in medical implants market.

Key Market Developments:

  • Materialise NV, collaborated with a variety of medical professionals around the United States in year 2017 in order to enhance the performance, boost the expensive trials, and help these professionals introduce technologies to the 3D printing industry.

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
      • U.S.
      • Canada
  • Europe
      • Germany
      • France
      • United Kingdom
      • Rest of Europe
  • Asia Pacific
      • China
      • Japan
      • India
      • Southeast Asia
      • Rest of Asia Pacific
  • Latin America
      • Brazil
      • Rest of Latin America
  • Middle East & Africa (MEA)
      • GCC
      • North Africa
      • South Africa
      • Rest of Middle East & Africa

Why should you invest in this report?

If you are aiming to enter the global 3D printing medical implants market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for 3D printing medical implants are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2030 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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