3D Printed Orthopedic Implant Market to Grow at a Bolstering CAGR during 2019-2026

  • 17 Apr 2019

Development of metal printing technologies, 510(k) clearance from the FDA (the US Food and Drug Administration), rise in orthopaedic disorders, development of 3D printed orthopaedic devices are factors promoting 3D printed orthopaedic implant market. The National Pharmaceutical Pricing Authority i.e. NPPA’s recent view on margins of trade and cap prices is encouraging the 3D printed orthopaedic implants rigorous research and innovative findings activities. One of such promising results is that of dual mobility orthopaedic implants where patients with successful implants observed no or zero dislocation for at least 3 years post implants. Additionally, the approvals of robotic surgery systems for orthopaedic implants from the FDA is positively fortifying the investments by market players to provide advanced technological assistance during the implant procedures. 
These factors serve as indicators that the global 3D printed orthopaedic implant market will strike a substantial CAGR during the forecast period from 2019-2026. 

3D Printed Orthopedic Implant Market Restraints

Although the 3D printed orthopedic implants tend to be near perfect and precisely non-invasive due to use of artificial intelligence, they tend to be highly expensive. Reducing the prices for widely required implants like knee, shoulder and hip remains on the top health care agenda for the governments and medical associations across the world. The implant and surgical guides need to be used correctly to ensure complex 3d implants provide desired comfort and results. However very few market players provide assistance to the surgical teams post sales of personalised implant kit.

Global 3D Printed Orthopedic Implant Market, by Implant Type 

•    Cranial/Facial Implant 
•    Spinal Implant
•    Hip Implants
•    Knee Implants
•    Extremities Implants
Knee implants are a widespread practice due increase in the number of orthopaedic issues, rheumatic arthritis and ageing population. Hence knee implants are anticipated to grow at a healthy CAGR during the forecast period, followed by the hip implants.

Global 3D Printed Orthopedic Implant Market, by Material Type 

•    Metal
•    Polymer
•    Plastic 
Implant material type segmentation is majorly dominated by metal segment, as titanium and calcium phosphate remain primary materials used in building regenerative implants for knees, spine hip and so on. The newer 3D printing technologies are facilitating innovative use of polymers along with bioactive materials that are anticipated to abode the global 3D printed orthopaedic implant surgeries at medical breakthrough horizons in coming years.

Global 3D Printed Orthopedic Implant Market, by End-User
•    Hospital 
•    Outpatient Centres
•    Ambulatory Surgical Centres
•    Orthopedic Clinics 

Global 3D Printed Orthopedic Implant Market, by Region:  
•    Europe 
•    North America
•    APAC
•    Latin America
•    Rest of The World

Competitive Landscape:  
•    Tier 1 players- established companies in the market with a major market share  
•    Tier 2 players 
•    Emerging players which are growing rapidly 
•    New Entrants  

FutureWise Takeaways  
•    Growth prospects  
•    SWOT analysis 
•    Key trends
•    Key data-points affecting market growth   

Objectives of the Study:
•    To provide with an exhaustive analysis on 3D printed orthopaedic implants market by implant type, material, end-user and region   
•    To cater comprehensive information on factors impacting market growth (drivers, restraints, opportunities, and industry-specific restraints)
•    To evaluate and forecast micro-markets and the overall market  
•    To predict the market size, in key regions (along with countries)—North America, Europe, Asia Pacific, Latin America, and the Middle East 
•    To record evaluate and competitive landscape mapping- product launches, technological advancements, mergers and expansions 
•    Profiling of companies to evaluate their market shares, strategies, financials and core competencies 

 

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