3D Printed Hip and Knee Implants Market to Grow at 7.1% CAGR, Reaching USD 7,212.1 Million by 2033

The global market for 3D printed hip and knee implants is poised for robust growth, with a projected compound annual growth rate (CAGR) of 7.1% from 2023 to 2033. Valued at USD 3,621.0 million in 2023, the market is expected to reach USD 7,212.1 million by 2033.

The adoption of 3D printing in orthopedic implants is driven by its ability to create highly customized and precise designs tailored to individual patient anatomy. These implants offer improved fit, functionality, and faster recovery times compared to traditional alternatives.

Growing demand for advanced orthopedic solutions, coupled with an aging global population prone to joint-related conditions, is propelling market expansion. Additionally, technological advancements in 3D printing materials and techniques are enabling manufacturers to develop more durable and biocompatible implants.

A Full Report Analysis – https://www.futuremarketinsights.com/reports/3d-printed-hip-and-knee-implants-market

Key Takeaways:

1. The 3D printed hip and knee implants market is forecasted to grow at a 7.1% CAGR, doubling its valuation from $3.6 billion in 2023 to $7.2 billion by 2033.
2. Personalized and precise implant designs offer improved fit and recovery outcomes, driving demand.
3. Rising prevalence of joint-related disorders among the aging population supports market growth.
4. Advances in 3D printing technology and materials enhance durability and biocompatibility of implants.

Driving Factors In The 3D Printed Hip And Knee Implants Sector

Increasing Pool of Geriatric Patients:

An aging population in developed countries & China is expected to be the key driver of the 3D printed hip & knee implant market size. Millions of people worldwide have to undergo either hip or knee replacement surgery every year.

Consumer Awareness:

The 3D-printed hip and knee implants are likely to get an uptick in their sales as awareness on how they improve mobility and quality of life is attracting the attention of patients.

Patient Preference:

3D printing is a minimally invasive procedure preferred and therefore it is preferred by patients for the 3D printing of hip and knee implants.

3D Printed Advantages:

Surgeons rehearse the operation with the help of 3D models beforehand, which allows them to make smaller incisions, reduce blood loss & ensure an easier recovery. The 3D printed hip & knee implant market helps to reduce costs & inefficiencies as these parts are exactly fit for an individual patient.

Competitive Landscape

Key Players in the3D Printed Hip and Knee Implants

The 3D-printed hip and knee implants market is fragmented by prominent players present all around the globe. They are executing various marketing policies and methods to bring the 3D printed hip and knee implants sector size up-ward during the forecast period.

Some of the strategies adopted by key players are acquisitions, partnerships, mergers, product launches and others to expand the 3D printed hip and knee implants sector.

Top Recent Developments:

• Nanochon purchased about $1.5 million of products from the BICO’s bio automation services to develop its new innovative joint implants which are likely to reduce the cost and provide better recoveries.
• BICO deals with Nanochaon’s seed funding to carry out advanced medical techniques, increase production and speed up the clinical trials in coming years.
• Wright Medical Group N.V. purchased by Stryker for an undisclosed sum in 2020. This purchase strengthens Stryker’s presence in the worldwide trauma and extremities markets, providing essential chances to drive innovation and serve more patients. The United States-based business Wright Medical Group N.V. manufactures medical devices with a focus on biologics and the extremities.