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The Orthopedic 3D Printed Devices Market size is estimated to grow by USD 1.35 billion at a CAGR of 16.53% between 2023 and 2028.
There has been an increased demand for personalized or customized orthopedic devices. In addition, there is a growing use of 3D printing technologies to develop patient-matched (or patient-specific) devices and surgical instrumentation by using a patient's own medical imaging. Moreover, the nature of additive layer manufacturing in 3D printing enables clinicians to fabricate customized implants that involve complex shapes and geometric features. As a result, it enables the creation of porous engineered structures, tortuous internal channels, and internal support structures, all of which would not be possible using conventional subtractive manufacturing techniques, irrespective of the costs. Hence, such factors are positively impacting the market.
Technavio has segmented the market into Application, Type, and Geography
It also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historical data from 2018 - 2022, besides analyzing the current market scenario.
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The orthopedic implants segment is estimated to witness significant growth during the forecast period. There is an increasing use of 3D printing for the fabrication of standard-sized orthopedic implants, patient-matched implants for individuals who have typical bone and joint anatomy, and custom 3D-printed implants for individuals with bone or joint deformities. In addition, several end-users, such as hospitals and orthopedic clinics, are increasingly using 3D printing to fabricate orthopedic implants. 3D printing can manufacture complex structures that cannot be produced using conventional production methods and can also create devices that individually match the anatomy of the patient.
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The orthopedic implants segment was the largest segment and was valued at USD 522.66 million in 2018. Moreover, the ability of 3D printing technology to quickly produce customized surgical implants solves an important problem in orthopedics as, for a significant number of patients, traditional implants are often insufficient, especially in complex cases. In addition to being anatomically correct, customized orthopedic 3D printing devices can be fabricated from high-quality and biocompatible materials. For example, 3D-printed implants can be fabricated with complex free-form surfaces such as lattices, which aid in accelerating post-operative healing, facilitating osteointegration, and reducing implant stiffness. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
Plastics provide a broad range of material options, enabling flexibility in choosing the right material with suitable properties for the specific application. For instance, materials including polyether ether ketone (PEEK) are commonly used in orthopedic 3D printing due to their strength and biocompatibility. In addition, plastic orthopedic 3D printing is cost-effective for prototyping and iteration of orthopedic devices, making it easier for designers and manufacturers to refine their products. Moreover, the use of plastic in orthopedic 3D printing is also gaining traction in research and development, enabling the testing of new implant designs, materials, and surgical techniques, which will fuel the growth of this segment which in turn will drive the global orthopedic 3D printing devices market during the forecast period.
The nylon segment is a strong and durable material that is suitable for orthopedic implants. In addition, it can withstand the mechanical stresses and load-bearing requirements of orthopedic applications. Moreover, nylon is relatively lightweight, which can be advantageous for orthopedic implants, especially in cases where reducing the weight of the implant is beneficial for the patient. In addition, the growing interest in nylon orthopedic 3D printing devices is fuelled by the potential to improve patient outcomes, reduce lead times, and enhance the customization of orthopedic implants. Furthermore, as technology and materials continue to advance, the adoption of 3D printing in orthopedics is likely to increase, resulting in further innovations and improvements in patient care, which in turn will drive the market growth during the forecast period.
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North America is estimated to contribute 40% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Some of the countries in North America that are leading contributors to the growth of the market in North America are the US and Canada due to the factors such as the improved healthcare infrastructure, high adoption of orthopedic 3D printing devices in healthcare facilities, the presence of established market players, and the increasing number of joint replacement surgeries. In addition, several professional societies in the region advocate the use of 3D printing technologies for medical applications. For example, the Society for Manufacturing Engineers has a dedicated medical 3D printing workgroup. Hence, such factors are driving the market growth in North America during the forecast period.
In 2020, during the COVID-19 pandemic, the growth of the global orthopedic 3D printed devices market witnessed a significant slowdown due to the disruption in supply chain operations and a halt in manufacturing units in North America. However, in 2021, the initiation of large-scale vaccination drives lifted the lockdown and travel restrictions, which led to the restoration of operations in manufacturing units. Such factors are expected to drive the market during the forecast period
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 16 market companies, including:
3D Systems Corp: The company offers orthopedic solutions that enable surgeons to obtain a clear 3D visualization of a patient's anatomy and develop a personalized surgical plan, prior to entering the operating room.
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
There are multiple factors influencing market growth. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges.
One of the key factors driving the orthopedic 3D printed devices market growth is the growing number of orthopedic implant surgeries. There is an increase in the number of orthopedic implant surgeries such as knee replacement, hip replacement, shoulder replacement, and spinal implant and craniomaxillofacial implant procedures across the world. In addition, after the hip and knee replacement, shoulder replacement is the most common joint replacement surgery performed worldwide.
Moreover, shoulder arthroplasty is the fastest-growing field of arthroplasty in the US. In addition, the number of shoulder replacement procedures in the US more than doubled during 2010-2020. Therefore, several market players are offering 3D printing technologies to meet the increasing demand for orthopedic implants which are driving the market growth during the forecast period.
A key factor shaping the orthopedic 3D printed devices market growth is the rising focus on R&D of 3D bioprinting. There has been an increase in technological advances in 3D printing which have increased the feasibility of the synthesis of living tissues. In addition, the process, also known as 3D bioprinting, comprises the precise layering of cells, biological scaffolds, and growth factors with the aim of creating bio-identical tissues.
Moreover, unlike other 3D printers, which use plastic or metals as their raw materials, 3D bioprinters use a computer-guided pipette to layer living cells, referred to as bioink, on top of one another to create artificial living tissues. In addition, 3D printers have also been used to create knee meniscus, spinal disks, and other types of cartilage and bone. Furthermore, 3D bioprinting offers several advantages over the traditional regenerative method. Hence, such factors are driving the market growth during the forecast period.
The high threat of counterfeit 3D printing devices is one of the key challenges hindering the orthopedic 3D printed devices market growth. The main disadvantage of 3D printing is counterfeiting or the production of substandard medical devices and copyright infringement issues. In addition, If a market player in the market gets hold of its competitor's blueprint, the former can easily produce its own slightly altered version with ease. Therefore, the original copyright holder would find it difficult to enforce his rights.
Moreover, in the case of unauthorized disclosure or leak of a confidential trade secret, where it might be hard to trace the person, the original manufacturer could potentially lose his trade secret protection. Therefore, it would be easy for competitors to make counterfeit copies. Hence, such factors are negatively impacting the market. Therefore, it is expected to hinder the market growth during the forecast period.
The market report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.
Global Orthopedic 3D Printed Devices Market Customer Landscape
The orthopedic 3D printed devices market report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
Orthopedic 3D Printed Devices Market Scope |
|
Report Coverage |
Details |
Page number |
171 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 16.53% |
Market Growth 2024-2028 |
USD 1.35 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
15.29 |
Regional analysis |
North America, Europe, Asia, and the Rest of the World (ROW) |
Performing market contribution |
North America at 40% |
Key countries |
US, Canada, Germany, UK, and China |
Competitive landscape |
Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks |
Key companies profiled |
3D Systems Corp., Biomedical Modeling Inc., Dimension Inx., EOS GmbH, Formlabs Inc., General Electric Co., Johnson and Johnson, MATERIALISE NV, Medtronic Plc, Osteo3d, Renishaw Plc, SLM Solutions Group AG, Smith and Nephew plc, Stratasys Ltd., Ultimaker BV, and Zimmer Biomet Holdings Inc. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by Type
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Trends
11 Vendor Landscape
12 Vendor Analysis
13 Appendix
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