Global 3D Printed Hip and Knee Implants Market for Spectacular Growth, Projected to Reach USD 7,212.1 million by 2033

3D Printed Hip and Knee Implants
                                                            Global 3D Printed Hip and Knee Implants Market

The global  3D printed hip and knee implants market is on a significant growth trajectory, with market value expected to double over the next decade. Currently valued at USD 3,621.0 million in 2023, the market is projected to attain an impressive USD 7,212.1 million by 2033, reflecting a compound annual growth rate (CAGR) of 7.1% during the forecast period.

3D printed hip and knee implants are transforming the orthopedic landscape, offering customized solutions that enhance patient outcomes and streamline surgical procedures. These implants are tailored to fit the unique anatomical structures of individual patients, providing superior functionality and comfort compared to traditional implants.

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The usage of three-dimensional printed hip and knee implants is anticipated to increase as a result of the ability to print a wide range of thermoplastics, metal alloys, and ceramic materials in three dimensions. Numerous industries have made use of it, including aerospace, retail, and supply chain optimization. The market for 3D printed hip and knee implants is expected to expand at a faster rate than average due to the medical industry.

As surgical outcomes improve and recuperation periods decrease, 3D printed hip and knee implants are expected to gain a substantial market share.

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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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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