3D Printed Medical Implants Research Report: by Component Type (Materials, Services, System), Implantation Technology (Laser Beam Melting, Electronic Beam Melting, Droplet Deposition, Others), Application (Dental, Orthopedic, Cranio-Maxillofacial), End User (Hospitals, Medical Device Companies, Research and Academic Institutes, Others) and Region (Americas, Europe, Asia-Pacific, Middle East & Africa) - Global Forecast till 2024
Market Highlights
The global 3D Printed Medical Implants Market held a market value of USD 1,124.68 million in 2018 and is projected to grow at a CAGR of 18.1% over the forecast period.
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 and strategic investments done by leading players are expected to drive the market growth. For instance, EnvisionTEC signed a partnership with Abergower as its global reseller partner to expand Envision’s global footprints in 3D printed medical devices market in November 2017. Moreover, the 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.
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On the other hand, the high cost of implants and stringent government regulations are likely to hamper the growth of the market.
Key Players
Some of the prominent players in the global 3D printed medical implants market are Materialise (Belgium), Renishaw plc (UK), 3D Systems, Inc. (US), Stratasys Ltd(Israel), ENVISIONTEC, INC. (US), Arcam AB (Sweden), SLM Solutions (Germany), Oxford Performance Materials (US), Bio3D Technologies (Singapore), Cyfuse Biomedical K.K. (Japan), TRUMPF (Germany), ADEISS (US), OsseoMatrix (US), AnatomikModeling (France), EIT Emerging Implant Technologies (Germany).
Segmentation
The global 3D printed medical implants market has been segmented into component type, implantation technology, application, and end user.
By implantation technology, the market has been segmented into laser beam melting, electronic beam melting, droplet deposition, and others.
Based on application, the market has been segmented into dental, orthopedic, and cranio-maxillofacial.
The market, by end user, has been segmented into hospitals, medical device companies, research and academic institutes, and others.
Regional Analysis
On a regional basis, the Americas is anticipated to dominate the global 3D printed medical implants market owing to the availability of advanced healthcare facilities in the region.
Europe is expected to hold the second largest position in the global 3D printed medical implants market owing to the presence of major market players in the European countries.
Asia-Pacific is the fastest growing 3D printed medical implants market owing to the increasing need for better healthcare facilities, rapidly improving technology, and the presence of a huge patient pool. According to the research by Cochlear Ltd., the world’s best cochlear implant technology is available in India with a wide range of products offered.
The Middle East & Africa has the least share of the global 3D printed medical implants market. Moreover, the major market share of the region is expected to be held by the Middle East region owing to the growing government initiatives for the healthcare sector
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