The global market for 3D printed hip and knee implants market is set to experience substantial growth, with its value projected to increase from USD 3,621.0 million in 2023 to approximately USD 7,212.1 million by 2033. This significant expansion, albeit with a CAGR of 7.1% over the forecast period, underscores the transformative impact of additive manufacturing in orthopedic healthcare.
3D printed implants offer customized solutions for hip and knee replacements, catering to individual patient needs and improving implant fit and longevity. The anticipated market growth reflects advancements in medical technology, rising prevalence of joint disorders, and the growing adoption of personalized healthcare solutions.
Despite the projected CAGR, the market’s expansion highlights ongoing innovations in orthopedic surgery and the continuous effort to enhance patient outcomes. As healthcare providers and patients alike recognize the benefits of 3D printed implants, the market is poised to reshape the landscape of orthopedic care worldwide.
Get Your Insightful Report Sample With Your Work Email:
https://www.futuremarketinsights.com/reports/sample/rep-gb-2312
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.
Customization Available:
https://www.futuremarketinsights.com/customization-available/REP-GB-2312
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
In-Depth Market Analysis: Purchase Now to Access:
https://www.futuremarketinsights.com/checkout/2312
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube