The global 3D printed hip and knee implants market is anticipated to witness significant growth, with projections indicating a projected value of USD 7,212.1 million by 2033. This forecast reflects a bearish Compound Annual Growth Rate (CAGR) of 7.1% during the forecast period, compared to its current valuation of US$ 3,621.0 million in 2023.
3D printing technology has emerged as a transformative force in the field of orthopedic surgery, offering personalized and precisely engineered implants for hip and knee replacement procedures. As the global population ages and the prevalence of degenerative joint diseases increases, the demand for advanced implant solutions continues to rise.
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A variety of thermoplastics, metal alloys, and ceramics may be printed in three dimensions, which is expected to boost the use of three-dimensional printed hip and knee implants. It has been used in a variety of industries, including supply chain optimization, retail, and aerospace. The medical sector is also anticipated to drive the growth of the 3D printed hip and knee implants market.
The market share of 3D printed hip and knee implants is anticipated to increase significantly as surgical outcomes become more favorable and recovery times shorten.
Key Takeaways:
- The global 3D printed hip & knee implants market is projected to reach US$7,212.1 million by 2033, reflecting a significant rise from US$3,621.0 million in 2023.
- While the projected CAGR of 7.1% indicates a promising growth trajectory, it’s categorized as “bearish” compared to higher growth rates.
- This growth is driven by advancements in 3D printing technology and its potential to revolutionize joint replacement surgery.
Competitive Landscape:
Key Players in the3D Printed Hip and Knee Implants:
Prominent global firms have a fragmented market for 3D-printed hip and knee implants. Throughout the projection period, they are implementing a number of marketing strategies and tactics to increase the size of the 3D printed hip and knee implants market.
Acquisitions, alliances, mergers, product launches, and other tactics are some of the tactics used by major competitors to grow the market for 3D printed hip and knee implants.
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.
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Key Players:
- Medtronic
- DePuy
- 3D Systems
- Embody Orthopaedics
- Smith & Nephew
Key Segments:
By Implant:
- Total Hip Replacement Implant
- Partial Hip Replacement Implant
- Revision Hip Replacement Implant
- Hip Resurfacing Implant
By Material:
- Metal on Polyethylene
- Metal on Metal
- Ceramic on Metal
- Others
By End-User:
- Hospitals
- Orthopedics Clinics
By Region:
- North America
- Latin America
- Asia Pacific
- MEA
- Europe
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