Published Date : 22 Dec 2023
The global 3D printing medical implants market size was exhibited at USD 1.60 billion in 2022 and is anticipated to reach around USD 430.51 billion by 2032, growing at a CAGR of 61.40% from 2023 to 2032.
The 3D printing has made significant steps over the last few decades. Several studies have been conducted to adequately use the 3D bioprinting technology. It is now widely used technology for many healthcare applications like organ transplantation. In 3-D bioprinting, several methods are being used to combine cells, biomaterials and growth factors to fabricate a human-like organ that imitates natural tissues in the human system. As tissues are the building blocks of an organ, they are a crucial and delicate component of the bioprinting technique to generate a replica of the respective organ.
When compared to traditional reconstructive surgeries that may lead to infections and other medical complications, 3D implant technology offers numerous benefits with lower exposure to anaesthesia. Following these advantages, 3D printing in the healthcare sector is heading to become a new era for more tailored and safer medical solutions.
The 3D printed market is primarily driven by the frequent need for surgeries for various medical issues like orthopaedics, dental problems, cardiac-related surgeries, and many more health concerns that need to be resolved only by operating. It includes hip replacement, dental crowns, dental bridges, shoulder implants, etc, and is observing an increase in demand. According to the report published by WHO in 2022, nearly 14% of the adult population worldwide has suffered from severe dental issues with inflammation and infection in the ligaments and bones that support the structure of teeth.
North America has dominated the 3D printing medical implant market.it is estimated to have the highest market share, more than 30%, due to the increasing number of key regional players who launch new healthcare products. Furthermore, the presence of high-quality healthcare facilities like well-equipped hospitals, image diagnostic centres, and well-established infrastructure of 3D printer hospitals are also positively influencing people.
Asia Pacific region holds a leading market for 3D printed medical technology in terms of end-product users region, with countries like India, Japan and China, according to the report in 2022. The rapid prevalence of dental and orthopaedic disorders is fuelling the 3D-printed medical market. The market is predicted to expand over the forecast period due to the collaboration of key players in the region.
3D Printing Medical Implants Market Report Scope
|Market Revenue in 2023
|USD 1.89 Billion
|Projected Forecast Revenue by 2032
|USD 8.92 Billion
|Growth Rate from 2023 to 2032
|CAGR of 19%
|2023 to 2032
|North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
Preference for non-surgical alternatives of treatment
An increasing prevalence of orthopaedic and dental disorders among most adults combined with frequent recurrences demand repeated medical interventive procedures. To reduce the risks associated with invasive surgeries, patients and medical faculties are drawn towards 3D medical implants. This is cost-effective and minimally invasive at the same time.
Increasing geriatric population worldwide
The growing elderly population worldwide leads to further driving factors for a 3D implant. According to the World Health Organisation (WHO), there will be 2.1 billion adults around the world who are more than 60 years old. Elderly people are more susceptible to orthopaedic dysfunctionality due to low bone density, and the ageing factor also leads to dental issues that can be resolved with minimal surgeries by using 3D implant techniques. Hence, the medical sector is also developing and looking forward to skill-up for 3D implant surgeries, which are effective and less fatal at the same time; this further ramps up the production of the 3D implant market in the healthcare sector.
Higher production cost
Limitations with a 3D printed implant are a higher cost for raw materials needed to develop any tailored biomedical product, which includes cost-utility and technological availability. Sustaining the product's efficacy requires additional factors like building and running 3D printing laboratories for simulation processes to reduce the chances of mismatched products for many orders simultaneously. All these factors can be highly hampering the growth of the 3D implant market.
Increasing number of implant surgeries
The market for 3D medical implants is heavily influenced by the number of surgeries like organ transplants and joint replacement. All these are cumbersome and skilful operations that need to be performed by proficient surgeons as medical implants need to feel more natural, and they should be durable for the long run, ensuring patients' safety and health and improving comfort in patients. The lack of such surgeons has opened the door for new entrants in the implant market, which will create a new career endeavour for many aspirants in the near future.
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