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3D Printed Implants Market Size
3D Printed Implants Market size surpassed USD 2.5 billion in 2022. The industry is anticipated to grow at over 19% CAGR from 2023 to 2032, driven by the mounting adoption of advanced technologies in the healthcare sector.
The soaring prevalence of degenerative bone diseases across the world is expected to stimulate business growth. Growing age causes calcium loss and poor calcium absorption, which might result in bone and joint degeneration. Additionally, a family history of osteoarthritis and chronic joint stress from a strenuous lifestyle that wears down bones and cartilage are among the main drivers of market development. According to the Centers for Disease Control and Prevention (CDC) speculations, more than 32.5 million people in the United States suffer from osteoarthritis (OA).
| Report Attributes | Details |
|---|---|
| Base Year: | 2022 |
| Market Size in 2022: | USD 2.5 Billion |
| Forecast Period: | 2023 to 2032 |
| Forecast Period 2023 to 2032 CAGR: | 19.4% |
| 2032 Value Projection: | USD 15.5 Billion |
| Historical Data for: | 2018 to 2022 |
| No. of Pages: | 170 |
| Tables, Charts & Figures: | 244 |
| Segments covered: | Material, Application, End-user, and Region |
| Growth Drivers: |
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| Pitfalls & Challenges: |
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High costs associated with 3D printing may impede industry expansion
The high manufacturing costs associated with the 3D printing of implants and other biomedical products are a major factor restraining market growth. Factors including raw material prices, utility, and technological maintenance may significantly hamper product adoption. In addition, other operational factors such as constructing and operating a 3D printing laboratory for manufacturing 3D printed implants and limited orders result in higher costs per unit. Nonetheless, the surging uptake of advanced technology for the effective manufacturing of patient-specific implants is foreseen to overcome this issue.
3D Printed Implants Market Analysis
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.
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.
3D Printed Implants Market Share
- Tangible Solutions
- NuVasive
- Innovasis
- SeaSpine
- Tsunami Medical
- Orthofix Medical
- Stryker
- Smith & Nephew
- Johnson & Johnson
- Zimmer Biomet
- Monogram Orthopedics
- Medtronic
are some of the key participants involved in the 3D printed implants market who are majorly focusing on product improvement and strategic partnerships to boost their industry position. For instance, in October 2022, American medical technologies giant Stryker unveiled a stand-alone anterior lumbar interbody fusion (ALIF) device, Monterey AL Interbody System, which is designed using 3D printing. This launch helped the company enhance its 3D-printed implant product offerings.
Impact of the COVID-19 pandemic
The onset of COVID-19 impeded industry penetration as it disrupted the healthcare system worldwide, causing significant delays in surgeries, treatment, and diagnosis of non-emergency conditions. Stringent lockdowns in the initial phase of the coronavirus outbreak hindered business operations while also limiting and delaying the supply of raw materials to the producers. However, in the post-pandemic scenario, several developed countries restructured the healthcare system and re-prioritized surgical procedures, which is foreseen to be lucrative for the sector.
The 3D printed implants market research report includes in-depth coverage of the industry with estimates & forecasts in terms of revenue in USD Million from 2018 to 2032 for the following segments: Click here to Buy Section of this Report
By Material
- Metal & alloys
- Polymer
- Ceramic
- Others
By Application
- Orthopedic
- Hip device
- Spinal device
- Knee device
- Cranio-Maxillofacial
- Others
- Dental
- Others
By End-use
- Hospitals
- Ambulatory Surgical Centers
- Clinics
- Others
The above information is provided for the following regions and countries:
- North America
- U.S.
- Canada
- Europe
- Germany
- UK
- France
- Italy
- Spain
- Asia Pacific
- China
- Japan
- India
- Australia
- South Korea
- Latin America
- Brazil
- Mexico
- Argentina
- Middle East & Africa
- South Africa
- Saudi Arabia
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