The global 3D printed hip and knee implants market is poised for significant expansion over the next decade. Currently valued at USD 3.62 billion in 2023, the market is projected to grow at a robust compound annual growth rate (CAGR) of 7.1%, reaching an estimated USD 7.21 billion by 2033.
This impressive growth underscores the increasing adoption of 3D printing technology in the orthopedic sector, driven by its ability to produce highly customized and precise implants. The demand for 3D printed implants is rising as healthcare providers seek innovative solutions to improve patient outcomes, reduce surgery time, and enhance the longevity of implants.
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The market’s bullish outlook is supported by advancements in 3D printing materials and techniques, which are enabling the production of more durable and biocompatible implants. Additionally, the growing aging population, coupled with the increasing prevalence of osteoarthritis and other joint-related conditions, is fueling the demand for hip and knee replacements.
Industry leaders are expected to capitalize on this growth by focusing on research and development, strategic partnerships, and expanding their product offerings to meet the diverse needs of patients and healthcare providers. Regulatory approvals and favorable reimbursement policies are also anticipated to play a crucial role in the market’s expansion.
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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