A Future Market Insights analysis that was just published projects the overall market value to be approximately USD 507.3 million in 2023. By 2033, the market for 3D printed maxillofacial implants market is projected to reach USD 1,119.1 million in value, growing at a compound annual growth rate of 8.2%.
The global market had a compound annual growth rate (CAGR) of 3.6% from 2018 to 2022, when it reached a net worth of US$ 483.8 million. The growing need for 3D printed maxillofacial implants stems from shorter recovery periods following surgery and the removal of form, internal structure, and size limitations.
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There are expected to be various potential prospects in the market for 3D printed maxillofacials because of reasons including the increasing demand for efficient reconstructive operations and the rise in traffic accidents brought on by urbanization and industrialization. Throughout the evaluation period, it is anticipated that the market for 3D printed maxillofacial implants will expand due to the rising need for less invasive surgical procedures.
Face fractures are more common in combat sports, which is probably the main cause. In addition, throughout the projected period of time, the market for 3D printed maxillofacial implants would be driven by elements including the growing senior population and rising healthcare costs.
Key Takeaways:
- The global 3D printed maxillofacial implants market is projected to reach a value of US$1,119.1 million by 2033, reflecting a significant rise from US$507.3 million in 2023.
- This growth is anticipated at a strong compound annual growth rate (CAGR) of 8.2% throughout the forecast period.
- The increasing demand for personalized and minimally invasive surgical solutions for maxillofacial reconstruction is a key driver for market expansion.
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Competition Analysis:
Key players in the global 3D printed maxillofacial implants market include Materialise, Zimmer Biomet, Medartis, DePuySynthes, and others.
Recent Industry Updates include:
- In May 2022, Medartis Holding AG announced that it has completed the acquisition of Nextremity Solutions Inc., a strategic commercialization organization located in Warsaw, Indiana. The total purchase price for the transaction is going to be up to US$ 70 million and includes milestone and earn-out payments of up to US$ 30 million. The initiative might allow Medartis to expedite its USextremities business by gaining access to a comprehensive product pipeline, strong relationships with US design surgeons, and an experienced research and development team.
- In December 2020, Zimmer Biomet Holdings, Inc., a globally renowned healthcare player announced that the company completed the acquisition of A&E Medical Corporation, a Vance Street Capital Portfolio Company, for US$ 150 million in cash at closing and S$ 100 million in cash payable in 2021.
Key Companies Profiled:
- Johnson & Johnson Services
- Materialise
- Stryker Corporation
- Zimmer Biomet Holdings
- B. Braun Melsungen
- Medtronic Plc.
- Boston Medical Products
- Integra Lifesciences
- KLS Martin
- Medartis
Key Segments Profiled in the Global 3D Printed Maxillofacial Implants Market:
By End User Verticals:
- Hospitals
- Clinics
- Ambulatory Surgical Centers
- Other End User Verticals
By Region:
- North America Market
- Latin America Market
- Europe 3D Market
- Asia Pacific Market
- The Middle East & African (MEA) Market
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