The 3D printed medical implants market consist of sales of 3D printed medical implants and related services. In 3D printing technology, an artificial three dimensions physical object is created with the help of computer-aided design (CAD) or a magnetic resonance image (MRI), which can replaced the missing or defective body parts, to give support or recover damaged biological structure. 3D printed medical implants include 3D dental crowns, 3D dental bridges, 3D acetabular hip implants and shoulder implants.
Global 3D Printed Implants Market Size And Drivers:
The global 3D printed implants market is expected to grow from $0.14 billion in 2020 to $0.15 billion in 2021 at a compound annual growth rate (CAGR) of 7.1%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The 3D printed medical implants market is expected to reach $0.27 billion in 2025 at a CAGR of 15.8%. Increasing prevalence of various medical conditions is driving the growth of the 3D printed medical implants market.
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Trends In The Global 3D Printed Implants Market
Many companies in this market are collaborating with various hospitals and rehabilitation centers to provide customizable devices for specific needs of patients. These collaborations are aimed to be mutually beneficial for both, as the companies can use the network of the hospitals to promote their product and the hospitals would get customizable devices at their convenience. For example, In January 2019, Renishaw, a global manufacturer of 3D implants, collaborated with University Dental Hospital of Wales (UDH), Cardiff, to help overcome challenges associated with surgical implants. This would help Renishaw to work with hospitals and become the major supplier of medical additive manufacturing devices. Similarly, in January 2019, Hospital for Special Surgery (HSS) collaborated with Lima Corporate to provide a 3D printed facility for orthopedic implants. This collaboration would help HSS to use Lima's technology to produce new innovative products for orthopedic joint care and to expand its product portfolio.
Global 3D Printed Implants Market Segments:
The global 3D printed implant market is further segmented –
By Application: Dental, Orthopedic, Cranio-maxillofacial
By End Users: Medical And Surgical Centers, Pharmaceutical Companies, Biotechnology Industry, Medical Institution
By Implantation Technology: Laser Beam Melting, Electronic Beam Melting, Droplet Deposition, Laminated Deposition, Two-photon Polymerization
By Geography: The global 3D print implants market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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3D Printed Implants Global Market Report 2021 is one of a series of new reports from The Business Research Company that provides 3D printed implants market overviews, analyzes and forecasts market size and growth for the global 3D printed implants market, 3D printed implants market share, 3D printed implants market players, 3D printed implants market segments and geographies, 3D printed implants market’s leading competitors’ revenues, profiles and market shares. The 3D printed implants market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.
