Global 3D Printed Implants Market: An Overview

The global 3D printed implants market is an important part of the growing larger trend, the 3D printing in medical applications. 

The global 3D printed implants market players are serving a crucial need of the medical sector. Medical processes can be enhanced with training on artificial models before surgeries. Additionally, the products in the global 3D printed implants market are helping reconstruction of entire facial features, limbs and tissue lost during serious illnesses such as Arthritis and much more.

Moreover, due to growing advancements in technologies such as nano-materials, today physicians can recreate exact replicas of individual anatomy and extend their services naturally. Moreover, critical surgeries like heart replacement and total joint replacement have also become feasible, thanks to virtual planning and guidance provided by 3D printed technology.  

Currently new material advances such as polymer based hearts and other organs are making their ways into the medical field. Orthopedic implants like the ones made up of metals are also on the rise. This new material promotes osseointegration and increase the ability of surface bearing load capabilities. Today, many healthcare institutions, especially hospitals are introducing 3D printed machinery in their operations through radiology departments.

Additionally, the devices created using 3D printed technology are superior to conventional ones. For example, printed casts for fractured bones can be open and custom-fitted. These enable wearers to scratch, ventilate, and wash the damaged area. Additionally, these can also be recycled.

The growing advancements in materials, supporting technology, and increasing medical applications are expected to drive significant growth for the printed implants market in the near future.

Global 3D Printed Implants Market: Notable Developments

  • According to a new study by New York School of Medicine, ceramic implants coated with chemicals have shown promise in the regrowth of limbs. The researchers experimented with animals and found that the new implants steadily dissolved in bodies to make way for limb growth. The study published in the Journal of Tissue Engineering and Regenerative Medicine, used bone models created using 3D robotic printing and gel-like ink, which ultimately resulted in dynamic transformations. The technology can pave way for birth defects in children such as skull deformations and many other critical physical transitions.
  • University of Central Florida (UCF) has provided over 20 children with bionic arms. The current available solution in the medical field, robotic arms can cost as much as $1,00,000. However, these arms resulted in extreme lowering of the costs to as little as $1000 per patients. These arms can be controlled and allow children to engage in various creative and daily exercises, thanks to 3D printing technology. 
  • A new startup, based in Rhode Island has launched a new 3D printer in the market which combines various medications into a single pill. This would significantly reduce costs and supply issues for pharmacies as medical experts would only need to enter dosage and pills into the computer to print out a completely personalized pills. Growing studies in medicines show that personalized pills are essential for better treatment with less side effects. Additionally, the printer may cost as little as $5000. 

Global 3D Printed Implants Market: Key Trends

The global 3D printed implants market is witnessing positive developments such as identical bone customized implants, CT-bone, and zygoma augmentation process. The additional control over medical processes provided by the 3D printed implant technology is expected to create many opportunities for various players in the market. Moreover, rising R&D development, increase in medical surgeries, and growing biomedical applications of 3D technology are also expected to boost the 3D printed implants market.

However, high initial investments in the technology, lack of skilled technician, and longer production queues are expected to limit growth of the 3D printed implants market. However, the growth in cranial as well as orthopedic implants are likely to offset the setbacks in favor of the 3D printed implants market. The growth in the orthopedic segment reached an all-time high in 2018. It is expected to drive more tumor surgeries to create robust new opportunities.

This study by TMR is all-encompassing framework of the dynamics of the market. It mainly comprises critical assessment of consumers' or customers' journeys, current and emerging avenues, and strategic framework to enable CXOs take effective decisions.

Our key underpinning is the 4-Quadrant Framework EIRS that offers detailed visualization of four elements:

  • Customer Experience Maps
  • Insights and Tools based on data-driven research
  • Actionable Results to meet all the business priorities
  • Strategic Frameworks to boost the growth journey

The study strives to evaluate the current and future growth prospects, untapped avenues, factors shaping their revenue potential, and demand and consumption patterns in the global market by breaking it into region-wise assessment.

The following regional segments are covered comprehensively:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The EIRS quadrant framework in the report sums up our wide spectrum of data-driven research and advisory for CXOs to help them make better decisions for their businesses and stay as leaders.

Below is a snapshot of these quadrants.

1. Customer Experience Map

The study offers an in-depth assessment of various customers’ journeys pertinent to the market and its segments. It offers various customer impressions about the products and service use. The analysis takes a closer look at their pain points and fears across various customer touchpoints. The consultation and business intelligence solutions will help interested stakeholders, including CXOs, define customer experience maps tailored to their needs. This will help them aim at boosting customer engagement with their brands.

2. Insights and Tools

The various insights in the study are based on elaborate cycles of primary and secondary research the analysts engage with during the course of research. The analysts and expert advisors at TMR adopt industry-wide, quantitative customer insights tools and market projection methodologies to arrive at results, which makes them reliable. The study not just offers estimations and projections, but also an uncluttered evaluation of these figures on the market dynamics. These insights merge data-driven research framework with qualitative consultations for business owners, CXOs, policy makers, and investors. The insights will also help their customers overcome their fears.

3. Actionable Results

The findings presented in this study by TMR are an indispensable guide for meeting all business priorities, including mission-critical ones. The results when implemented have shown tangible benefits to business stakeholders and industry entities to boost their performance. The results are tailored to fit the individual strategic framework. The study also illustrates some of the recent case studies on solving various problems by companies they faced in their consolidation journey.

4. Strategic Frameworks

The study equips businesses and anyone interested in the market to frame broad strategic frameworks. This has become more important than ever, given the current uncertainty due to COVID-19. The study deliberates on consultations to overcome various such past disruptions and foresees new ones to boost the preparedness. The frameworks help businesses plan their strategic alignments for recovery from such disruptive trends. Further, analysts at TMR helps you break down the complex scenario and bring resiliency in uncertain times.

The report sheds light on various aspects and answers pertinent questions on the market. Some of the important ones are:

1. What can be the best investment choices for venturing into new product and service lines?

2. What value propositions should businesses aim at while making new research and development funding?

3. Which regulations will be most helpful for stakeholders to boost their supply chain network?

4. Which regions might see the demand maturing in certain segments in near future?

5. What are the some of the best cost optimization strategies with vendors that some well-entrenched players have gained success with?

6. Which are the key perspectives that the C-suite are leveraging to move businesses to new growth trajectory?

7. Which government regulations might challenge the status of key regional markets?

8. How will the emerging political and economic scenario affect opportunities in key growth areas?

9. What are some of the value-grab opportunities in various segments?

10. What will be the barrier to entry for new players in the market?

Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.

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