Rising need for medical
implantation due to high prevalence of bone-dental disorders fuels the market
growth in North America
North America holds the major
share in the global 3D
Printed Medical Implant Market and expected to retain the same position
over the forecast period. U.S. accounts for a major share in 3D printing
medical implantation market in North America. It is expected to remain the
center for medical field development as it adopts new technological advancement
to maintain the better health of individuals as well as economic position of
the region. 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. Thus, high prevalence of need for
medical implantation, reduced costs of implantation procedures, and
availability of expert surgeons in the U.S., accounted in the leading position
of North America. Europe is expected to
be the second largest market for the 3D printed medical implants over the
forecast period. This is mainly due to the rising number of 3D printed medical
implant manufacturers in the region. According to the World Health organization
(WHO), in 2015, more than 12 million people suffered from bone-dental disorders
in U.K. Increase in number of people suffering from dental-related disorders
and increased rate of personal care, are some of factors driving the 3D printed
medical implant market growth.
3D printing, also known as
additive manufacturing, refers to addition of successive layers of raw material
to produce objects forming three-dimensional file. In medical terms, 3D printed
medical implants allow surgeons in surgery by implantation of biological
objects, reduces risks involved during surgeries, decrease in anesthesia
exposure duration, and risk of infection. 3D printing is a rapidly emerging
technology which empowers key manufacturer in the medical field to form the
customized medical products and implant them by replacing the damaged
biological structure. 3D printed medical implantation allow patients in rapid
recovery and thereby, it reduces hospital stay. Moreover, preclinical testing
prior to implantation of 3D printed organs reduces chances of implant
rejection.
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Increasing prevalence for the
need of medical implant and Collaboration of manufacturers increases the demand
for the market
According to the World Health
Organization (WHO), in 2015, around 65 million people suffered with
periodontitis in U.S. This is mainly owing to factors such as rising prevalence
of periodontitis, diabetes-related gangrene, osteoarthritis, and peripheral
vascular disease, which in turn, increases the use of 3D printed medical
implants. Rapid technological advancement in the medical field is expected to
witness growth in 3D printed medial Implants market during the forecast period.
Moreover, increasing opportunity in biomedical applications and collaboration
between manufacturing industries to increase product development has augmented
the market growth. In addition, factors such as increased occurrence of chronic
diseases such as bone-dental diseases and increase in number of accidents,
expected to propel the 3D printed medical implant market growth over the
forecast period.
However, critical reimbursement
policies, the high cost of implanting and printing procedure, lack of technical
expertise, and biocompatibility issues associated with medical implantation are
some of the factors hindering the market growth.
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Geographically, the 3D printed
medical implants market is segmented into North America, Latin America, Europe,
Asia Pacific, Middle East and Africa.
New product launch by key players
to hold a global position throughout the global market
Some of the key players operating
in the global 3D printed medical implants include 3D Systems Corporations,
Stratasys Ltd, EnvisionTEC, Arcam AB, Organovo Holdings, Inc., EnvisionTEC,
Arcam AB, SLM Solutions Group AG, Oxford Performance Materials, Inc.,
Materialise NV, Bio3D Technologies, and Cyfuse Medical K.K.
The key players are focusing on
market strategies to expand their global market. New product launch and
technological advancements to increase portability, energy efficiency, and cost
efficiency for 3D printed medical implanting procedures and developing software
for predicting the mechanical-thermal properties of the object are expected to
enhance the scope for this market. For instance, Stratasys Ltd launched Objet30
Dental Prime in 2015, which is used for low-cost and high-quality medical
implantation procedure.
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