Table of Contents
The 3D Printed Orthopedic Implants market size was valued at USD xx million in 2020 and is expected to reach USD xx million by 2022, growing at a CAGR of —%.
3D Printed Orthopedic Implants Market Introduction
One of the major drivers for this market growth is increased demand for 3D printed orthopedic implants from hospitals and clinics. The rise in the adoption of 3D printing technology in orthopedic implant manufacturing is also expected to boost market growth. In addition, a rise in awareness about medical uses of 3D printing among patients and physicians will further boost the market growth.
3D Printed Orthopedic Implants Market Overview
3D printing has been able to create life-changing medical devices for the past four decades. It is generating a lot of buzz in the orthopedic implant industry, as it is one of the largest segments in healthcare.
3D printing technology has made it possible for orthopedic surgeons to create customized implants at a lower cost than ever before. 3D printed implants are mostly used in children, because they can be created to perfectly fit a child’s anatomy, rather than being manufactured to fit a range of child sizes.
3D printing is the process of creating a three-dimensional solid object from the digital model. 3D printing technology has been in development for years, but it has only recently gained traction as a revolutionary way to create orthopedic implants.
The demand for 3D printed orthopedic implants is increasing with the help of the internet and social media. For example, one company that specializes in producing these implants has been able to reach more patients via social media as opposed to only marketing offline.
3D printed orthopedic implants are helping many people who have lost their limbs or have debilitating bone conditions. The 3D printed implants are made of titanium and plastic that is combined with computer-aided design software and computer numerical control (CNC) milling machines.
The orthopedic implant market has come a long way from being a traditional and conservative market to one that is now dynamic. The industry is at the cusp of a potential revolution as 3D printed customized implants are being developed and employed for patients with rare conditions or complex injuries. As the orthopedic implant market enters this next phase, it will be important for companies to stay ahead of the curve by investing in this new technology.
3D Printed Orthopedic Implants Market Competitive Landscape
3D printed implants are still far from being mainstream, but they are slowly starting to take off with some companies already selling them. Companies such as Aprecia Pharmaceuticals and Strata Orthopedics have already started selling 3D printed orthopedic implants to hospitals and clinics. 3D printing has been able to help make these implants affordable and more customized for each patient’s specific needs.