Kenneth Research, in its repository of market research reports, has recently added a report on 3D Printed Medical Implants Market that emphasizes the latest trends, key opportunities, drivers, and challenges associated with the growth of the market during the forecast period, i.e., 2022 – 2031. The 3D Printed Medical Implants Market is anticipated to grow primarily on account of the growing trade of ICT goods and services worldwide. According to the statistics by the World Bank, the exports of ICT goods globally increased from 11.164% of total goods exports in 2017 to 11.53% of total goods exports in 2019.
U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for 3D Printed Medical Implants Market products.
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The global 3D printed medical implants market is expected to grow significantly over the forecast period. The market held a market value of USD 1,124.68 million in 2018 and is projected to register 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, strategic investments done by leading players, and 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.On the other hand, the high cost of implants and stringent government regulations are likely to hamper the growth of the market.
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.
The global 3D printed medical implants market has been segmented, by region, into the Americas, Europe, Asia-Pacific, and the Middle East & Africa. The 3D printed medical implants market in the Americas has further been segmented into North America and Latin America, with the North American market divided into the US and Canada.
The European 3D printed medical implants market has been segmented into Western Europe and Eastern Europe. Western Europe 3D printed medical implants market has further been classified as Germany, France, the UK, Italy, Spain, and the rest of Western Europe.
The 3D printed medical implants market in Asia-Pacific has been segmented into Japan, China, India, South Korea, Australia, and the rest of Asia-Pacific. The 3D printed medical implants market in the Middle East & Africa has been segmented into the Middle East and Africa.
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3D Systems, Inc.
Oxford Performance Materials
Cyfuse Biomedical K.K.
EIT Emerging Implant Technologies
Regional Market Summary
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.
Global 3D Printed Medical Implants Market, by Component
Global 3D Printed Medical Implants Market, by Implantation Technology
Laser Beam Melting
Electronic Beam Melting
Global 3D Printed Medical Implants Market, by Application
Global 3D Printed Medical Implants Market, by End User
Medical Device Companies
Research and Academic Institutes
Global 3D Printed Medical Implants Market, by Region
Rest of Western Europe
Rest of Asia-Pacific
The Middle East & Africa
Contract research organizations
Academic and research institutes
Medical device companies
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