Global 3D Printed Medical Implants Market – Insights
3D printing, also known as additive manufacturing, is the process of forming three-dimensional objects by adding successive layers of raw materials. Use of 3D printed medical implants decrease the risks involved during surgery, anesthesia exposure, and risk of infection. Such implants also aid in rapid recovery of patients. Preclinical testing is recommended before implanting 3D printed organs in order to decrease the possibility of implant rejection.
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Global 3D Printed Medical Implants Market: Drivers
High incidence of periodontitis, diabetes-related gangrene, osteoarthritis, bone-dental diseases, and peripheral vascular disease and increasing number of accidents is expected to boost growth of the global 3D printed medical implants market. For instance, according to the World Health Organization (WHO), in 2015, around 65 million people suffered from periodontitis in U.S. Moreover, increasing technological development in 3D printing and high adoption of 3D printed medical implants in biomedical applications is also expected to boost growth of the global 3D printed medical implant market over the forecast period.
Global 3D Printed Medical Implants Market: Restraints
However high cost of implanting and printing procedure, lack of technical expertise, biocompatibility issues, and critical reimbursement policies associated with medical implantation are some of the factors hampering growth of the market.
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Global 3D Printed Medical Implants Market Taxonomy
The global 3D printed medical implants market is segmented on the basis of the component, implantation technology, application, end-user, and geography.
On the basis of component type, the global 3D printed medical implants market is segmented into:
On the basis of implantation technology, the global 3D printed medical implants market is segmented into:
- Laser Beam Melting
- Electronic Beam Melting
- Droplet Deposition
- Laminated Deposition
- Two-photon Polymerization
On the basis of application, the global 3D printed medical implants market is segmented into:
On the basis of end-users, the global 3D printed medical implants market is segmented into:
- Medical And Surgical Centers
- Pharmaceutical Companies
- Biotechnology Industry
- Medical Institution
On the basis of region, the global 3D printed medical implants market is segmented into:
- North America
- Latin America
- Asia Pacific
- Middle East
Global 3D Printed Medical Implants Market: Regional Analysis
North America is expected to hold dominant position in the global 3D printed medical implants market and is expected to retain its dominance over the forecast period. This is attributed to increasing prevalence of bone-dental disorders in the region. For instance, according to World Health Organization (WHO), in 2016, around 65 million people suffered from bone-dental related disorders and around 18 million people met with road accidents. The U.S. is expected to hold dominant position in North America 3D printed medical implants market. This is owing to reduced costs of implantation procedures and availability of expert surgeons in the U.S.
Europe is expected to hold second dominant position in the global 3D printed medical implants market over the forecast period. This is attributed to increasing manufacturers of 3D printed medical implants and high prevalence of bone-dental disorders in the region. For instance, according to the WHO, in 2015, over 12 million people suffered from bone-dental disorders in the U.K.
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Global 3D Printed Medical Implants Market: Competitive Landscape
Major players operating in the global 3D printed medical implants market include, EnvisionTEC, Arcam AB, Organovo Holdings, Inc., 3D Systems Corporations, Stratasys Ltd., EnvisionTEC, Arcam AB, SLM Solutions Group AG, Oxford Performance Materials, Inc., Materialise NV, Bio3D Technologies, and Cyfuse Medical K.K.
Major players operating in the market are focused on launching new products to expand their product portfolio. For instance, in 2015, Stratasys Ltd. launched Objet30 Dental Prime, which is used for low-cost and high-quality medical implantation procedures.
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