Rising need for medicalimplantation due to high prevalence of bone-dental disorders fuels the marketgrowth in North America
North America holds the majorshare in the global 3DPrinted Medical Implant Market and expected to retain the same positionover the forecast period. U.S. accounts for a major share in 3D printingmedical implantation market in North America. It is expected to remain thecenter for medical field development as it adopts new technological advancementto maintain the better health of individuals as well as economic position ofthe region. According to World Health organization (WHO), in 2016, around 65million people suffered from bone-dental related disorders and around 18million people met with road accidents. Thus, high prevalence of need formedical implantation, reduced costs of implantation procedures, andavailability of expert surgeons in the U.S., accounted in the leading positionof North America. Europe is expected tobe the second largest market for the 3D printed medical implants over theforecast period. This is mainly due to the rising number of 3D printed medicalimplant manufacturers in the region. According to the World Health organization(WHO), in 2015, more than 12 million people suffered from bone-dental disordersin U.K. Increase in number of people suffering from dental-related disordersand increased rate of personal care, are some of factors driving the 3D printedmedical implant market growth.
3D printing, also known asadditive manufacturing, refers to addition of successive layers of raw materialto produce objects forming three-dimensional file. In medical terms, 3D printedmedical implants allow surgeons in surgery by implantation of biologicalobjects, reduces risks involved during surgeries, decrease in anesthesiaexposure duration, and risk of infection. 3D printing is a rapidly emergingtechnology which empowers key manufacturer in the medical field to form thecustomized medical products and implant them by replacing the damagedbiological structure. 3D printed medical implantation allow patients in rapidrecovery and thereby, it reduces hospital stay. Moreover, preclinical testingprior to implantation of 3D printed organs reduces chances of implantrejection.
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Increasing prevalence for theneed of medical implant and Collaboration of manufacturers increases the demandfor the market
According to the World HealthOrganization (WHO), in 2015, around 65 million people suffered withperiodontitis in U.S. This is mainly owing to factors such as rising prevalenceof periodontitis, diabetes-related gangrene, osteoarthritis, and peripheralvascular disease, which in turn, increases the use of 3D printed medicalimplants. Rapid technological advancement in the medical field is expected towitness growth in 3D printed medial Implants market during the forecast period.Moreover, increasing opportunity in biomedical applications and collaborationbetween manufacturing industries to increase product development has augmentedthe market growth. In addition, factors such as increased occurrence of chronicdiseases such as bone-dental diseases and increase in number of accidents,expected to propel the 3D printed medical implant market growth over theforecast period.
However, critical reimbursementpolicies, the high cost of implanting and printing procedure, lack of technicalexpertise, and biocompatibility issues associated with medical implantation aresome of the factors hindering the market growth.
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Geographically, the 3D printedmedical implants market is segmented into North America, Latin America, Europe,Asia Pacific, Middle East and Africa.
New product launch by key playersto hold a global position throughout the global market
Some of the key players operatingin 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 onmarket strategies to expand their global market. New product launch andtechnological advancements to increase portability, energy efficiency, and costefficiency for 3D printed medical implanting procedures and developing softwarefor predicting the mechanical-thermal properties of the object are expected toenhance the scope for this market. For instance, Stratasys Ltd launched Objet30Dental Prime in 2015, which is used for low-cost and high-quality medicalimplantation procedure.
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