3D Printed Implants Market Size is expected to expand at a substantial growth rate from 2022 to 2028. The rising number of surgical interventions like total joint and heart replacement, along with increasing integration of 3D technology across biomedical applications, will spur the demand for 3D printed implants in the years to come. Surging disposable incomes and growing concerns towards a healthy lifestyle, leading to increasing healthcare expenditure, will support the industry forecast over the projected timeframe.
3D printing procedures are faster to accomplish and customize and are minimally invasive, offering quick patient recovery and better health outcomes. These devices provide excellent aesthetics and perfect fit for the patient, thus enabling smoother surgical procedures. The application of 3D printing technology significantly lessens operating room adjustments and manual work for healthcare professionals while reducing the chances of follow-up surgeries in patients for a given condition.
In addition, escalating R&D activities for new product innovations, and a rapidly expanding customer base, will also propel the market forecast in the years ahead. In January 2022, researchers from the Florida Atlantic University created a latest 3D printed robotic imitation of a human spine, altered to possess an artificial disc implant and a soft magnetic sensor display. The innovation will enable surgeons to preview the outcomes of surgical interventions before the operation.
The material segment will experience lucrative growth over the analysis period led by the proliferating R&D investments and projects to offer better products. In December 2021, 4D Biomaterials and Boston Micro Fabrication announced the achievement of new micro-scale geometries printing capabilities using 4Degra bioresorbable materials. The move is considered a breakthrough in 3D printing micro bioresorbable implants technology.
3D printing applications in orthopedics will gain significant traction in the next few years, driven by the growing technology usage in designing customized bio models or replicas of patient anatomy, instruments, implants, and devices to prepare and perform complex surgical procedures. Additionally, the growing adoption of metallic and polymeric 3D printing during complex restructuring operations will trigger segment growth.
North America 3D printed implants market will emerge as a disruptive regional growth segment. Increasing healthcare spending and a rapidly expanding customer base driven by robust economic growth and availability of affordable treatment in the region will push the industry share in the foreseeable future.
Europe 3D printed implants market may also experience significant expansion, driven by the expanding competitive landscape and surging number of replacement surgeries in the region.
Some of the key players of the 3D printed implants market include Aspect Biosystems, 3D Bioprinting Solutions, Cyfuse Biomedical, BioBots, Formlabs, Medprin, Materialise NV, Organovo, Stratasys, and Rokit. These players are focusing on novel product innovations and other growth tactics to sustain the market competition in the future.
In January 2022, Watershed Idea Foundry and Nvision Biomedical Technologies received clearance from the FDA for Quantum Titanium Cervical Plate System, the first of its kind 3D printed titanium anterior cervical plate in the world, to provide spine stability to patients after surgery.
3d printed implant market was one of the hardest-hit sectors due to the onset of COVID-19 in 2020. The disrupted global supply chain was one of the prime reasons impacting the market growth. Moreover, stringent mobility restrictions, crashing economic growth, declining disposable incomes, and rapidly rising morbidities further worsened the situation by limiting healthcare spending and footfalls in the hospitals and health centers.
However, the vaccine and booster dose administration drives across the globe, coupled with eased-out lockdown restrictions, have significantly reduced the pandemic anxiety among people while mitigating the overall economic slowdown. Implementing similar measures will help the industry recover shortly in the next few years.
Market, by Component
Market, by Technology
Market, by Application
Market, by End-user
The above information is provided for the following regions and countries: