The global orthopedic 3D printing devices market is anticipated to reach $5.26 Billion by 2032, growing from $1.96 Billion in 2022 at a CAGR of 11.2% from 2023 to 2032.
The term ‘orthopedic 3D printing devices’ refers to medical tools and equipment used in the field of orthopedics. Diseases and injuries affecting the musculoskeletal system - which consists of the bones, joints, ligaments, tendons, and muscles - are identified, treated, and prevented under orthopedics. Orthopedic 3D printing technologies use additive manufacturing processes to layer by layer build three-dimensional items or structures from digital models or blueprints. These tools are used to create anatomical models, surgical equipment, prostheses, orthotics, and implants that are individually produced for each patient.
The market is predicted to develop significantly due to various factors such as rising rates of osteoporosis and osteoarthritis, Increasing aging population, Increasing trauma cases from auto accidents and sports injuries, as well as shifting lifestyles. Other factors influencing market growth Include an Increase in the usage of orthopedic devices, problems with poor bone density, the development of biodegradable implants and internal fixation systems, and a rise in the number of patients who choose orthopedic implants in their middle years. Developers of orthopedic implants have been compelled by this demand to create newer biomaterials and enhance the corrosion resistance, biocompatibility, and wear resistance of current materials.
The cost of buying 3D printing equipment for orthopedic manufacturing can be significant. High-quality 3D printers capable of producing medical-grade devices may require a substantial upfront investment. This initial cost can be a barrier for smaller orthopedic facilities or practices. Moreover, the materials used in 3D printing, such as specialized polymers or metals, can be expensive. While 3D printing can potentially reduce material waste compared to traditional manufacturing methods, the cost per unit of material can still be higher for 3D printing. Operating and maintaining 3D printing equipment requires skilled personnel with expertise in additive manufacturing and orthopedic device designing. Hiring and training individuals with the necessary qualifications can add to the overall cost. Orthopedic devices produced using 3D printing must adhere to stringent regulatory requirements, such as those set by the Food and Drug Administration (FDA) in the U.S. Ensuring compliance can involve additional costs, Including validation and testing procedures.
The 3D printing technology enables the creation of patient-specific surgical guides that are designed to the individual's anatomy. These guides assist surgeons in precise implant placement, ensuring optimal alignment and reducing the risk of errors. By using 3D-printed surgical guides, surgeons can achieve greater accuracy and improve the overall success of orthopedic procedures. With the help of 3D-printed surgical guides, orthopedic surgeries can be performed with enhanced precision. The guides act as navigational tools, allowing surgeons to follow pre-determined paths and make more accurate Incisions, reducing the chances of complications and post-operative issues. Improved surgical outcomes contribute to faster patient recovery, reduced pain, and improved long-term functionality. The utilization of 3D printing technology in surgical guides and instrumentation provides numerous opportunities to improve orthopedic procedures. These opportunities Include accurate implant placement, improved surgical outcomes, customization & personalization, reduced surgical time, cost-effectiveness, and ongoing innovation in the field.
The COVID-19 pandemic has had significant impact on the market for orthopedic 3D printing devices. The pandemic led to disruptions in global supply chains, Including those in the medical device industry. This resulted in challenges in the production and distribution of orthopedic 3D printing devices, leading to delays in manufacturing and delivery. During the peak of the pandemic, many hospitals and healthcare facilities focused their resources on treating COVID-19 patients, leading to a significant reduction in elective surgeries, Including orthopedic procedures. This decline in surgical procedures affected the demand for orthopedic implants, Including those manufactured using 3D printing technology. As in-person consultations were limited, healthcare providers Increasingly turned to telehealth solutions to provide patient care remotely. While this shift may not have directly impacted the orthopedic 3D printing devices market, it influenced the overall demand for orthopedic procedures and subsequently affected the market. Moreover, many 3D printing companies and facilities shifted their manufacturing capabilities to produce essential medical supplies, Including PPE such as face shields, masks, and ventilator components. This diversion of resources and focus temporarily impacted the production of orthopedic 3D printing devices.
The key players profiled in this report Include Stryker, 3D Systems Corp, ENVISIONTEC US LLC, EOS GmbH Electro Optical Systems, General Electric, Smith & Nephew, Johnson & Johnson, Abbott, Zimmer Biomet Holding Inc., and Aspect Biosystems Ltd.
The term ‘orthopedic 3D printing devices’ refers to medical tools and equipment used in the field of orthopedics. Diseases and injuries affecting the musculoskeletal system - which consists of the bones, joints, ligaments, tendons, and muscles - are identified, treated, and prevented under orthopedics. Orthopedic 3D printing technologies use additive manufacturing processes to layer by layer build three-dimensional items or structures from digital models or blueprints. These tools are used to create anatomical models, surgical equipment, prostheses, orthotics, and implants that are individually produced for each patient.
The market is predicted to develop significantly due to various factors such as rising rates of osteoporosis and osteoarthritis, Increasing aging population, Increasing trauma cases from auto accidents and sports injuries, as well as shifting lifestyles. Other factors influencing market growth Include an Increase in the usage of orthopedic devices, problems with poor bone density, the development of biodegradable implants and internal fixation systems, and a rise in the number of patients who choose orthopedic implants in their middle years. Developers of orthopedic implants have been compelled by this demand to create newer biomaterials and enhance the corrosion resistance, biocompatibility, and wear resistance of current materials.
The cost of buying 3D printing equipment for orthopedic manufacturing can be significant. High-quality 3D printers capable of producing medical-grade devices may require a substantial upfront investment. This initial cost can be a barrier for smaller orthopedic facilities or practices. Moreover, the materials used in 3D printing, such as specialized polymers or metals, can be expensive. While 3D printing can potentially reduce material waste compared to traditional manufacturing methods, the cost per unit of material can still be higher for 3D printing. Operating and maintaining 3D printing equipment requires skilled personnel with expertise in additive manufacturing and orthopedic device designing. Hiring and training individuals with the necessary qualifications can add to the overall cost. Orthopedic devices produced using 3D printing must adhere to stringent regulatory requirements, such as those set by the Food and Drug Administration (FDA) in the U.S. Ensuring compliance can involve additional costs, Including validation and testing procedures.
The 3D printing technology enables the creation of patient-specific surgical guides that are designed to the individual's anatomy. These guides assist surgeons in precise implant placement, ensuring optimal alignment and reducing the risk of errors. By using 3D-printed surgical guides, surgeons can achieve greater accuracy and improve the overall success of orthopedic procedures. With the help of 3D-printed surgical guides, orthopedic surgeries can be performed with enhanced precision. The guides act as navigational tools, allowing surgeons to follow pre-determined paths and make more accurate Incisions, reducing the chances of complications and post-operative issues. Improved surgical outcomes contribute to faster patient recovery, reduced pain, and improved long-term functionality. The utilization of 3D printing technology in surgical guides and instrumentation provides numerous opportunities to improve orthopedic procedures. These opportunities Include accurate implant placement, improved surgical outcomes, customization & personalization, reduced surgical time, cost-effectiveness, and ongoing innovation in the field.
The COVID-19 pandemic has had significant impact on the market for orthopedic 3D printing devices. The pandemic led to disruptions in global supply chains, Including those in the medical device industry. This resulted in challenges in the production and distribution of orthopedic 3D printing devices, leading to delays in manufacturing and delivery. During the peak of the pandemic, many hospitals and healthcare facilities focused their resources on treating COVID-19 patients, leading to a significant reduction in elective surgeries, Including orthopedic procedures. This decline in surgical procedures affected the demand for orthopedic implants, Including those manufactured using 3D printing technology. As in-person consultations were limited, healthcare providers Increasingly turned to telehealth solutions to provide patient care remotely. While this shift may not have directly impacted the orthopedic 3D printing devices market, it influenced the overall demand for orthopedic procedures and subsequently affected the market. Moreover, many 3D printing companies and facilities shifted their manufacturing capabilities to produce essential medical supplies, Including PPE such as face shields, masks, and ventilator components. This diversion of resources and focus temporarily impacted the production of orthopedic 3D printing devices.
The key players profiled in this report Include Stryker, 3D Systems Corp, ENVISIONTEC US LLC, EOS GmbH Electro Optical Systems, General Electric, Smith & Nephew, Johnson & Johnson, Abbott, Zimmer Biomet Holding Inc., and Aspect Biosystems Ltd.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the orthopedic 3d printing devices market analysis from 2022 to 2032 to identify the prevailing orthopedic 3d printing devices market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the orthopedic 3d printing devices market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report Includes the analysis of the regional as well as global orthopedic 3d printing devices market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Type
- Plastics
- Biomaterials
- Nylon
- Wax
- Ceramics
- others
By Application
- Orthopedic implants
- Surgical planning
- Surgical instruments
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- 3D Systems Corp
- Abbott
- Aspect Biosystems Ltd.
- EOS GmbH Electro Optical Systems
- General Electric
- Johnson & Johnson
- Smith & Nephew
- Stryker
- Zimmer Biomet Holding Inc.
- ENVISIONTEC US LLC
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: ORTHOPEDIC 3D PRINTING DEVICES MARKET, BY TYPE
CHAPTER 5: ORTHOPEDIC 3D PRINTING DEVICES MARKET, BY APPLICATION
CHAPTER 6: ORTHOPEDIC 3D PRINTING DEVICES MARKET, BY REGION
CHAPTER 7: COMPETITIVE LANDSCAPE
CHAPTER 8: COMPANY PROFILES
List of Tables
List of Figures
Executive Summary
According to a new report, titled, 'Orthopedic 3D Printing Devices Market,' The orthopedic 3d printing devices market was valued at $2 billion in 2022, and is estimated to reach $5.3 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.3D printing in orthopedics is commonly used to create personalized implants, devices, and instruments. In orthopedics, 3D printing has also been used for preoperative planning and teaching both students and patients more about the procedures. 3D printing improves medical precision and can reduce surgery time, making the procedure safer for the patient. The method can be practiced and visualized in advance using 3D printing.
3D printing enables the rapid production of physical models and prototypes, allowing engineers and designers to quickly iterate and refine designs. Traditional manufacturing methods can be slow, expensive, and require complex tools. With 3D printing, orthopedic devices can be prototyped in hours or days, significantly reducing development time. Orthopedic devices often require a high degree of customization to meet each patient's anatomical needs. 3D printing enables patient-specific models and implants to be created to patient-specific requirements. By rapidly prototyping and iterating on these bespoke designs, orthopedic surgeons can optimize fit, comfort, and functionality to improve patient outcomes. 3D printing plays a key role in facilitating rapid prototyping and iteration in the orthopedic field. Its ability to rapidly create physical models, customize designs, optimize device performance, and reduce costs makes it an valuable technology for accelerating orthopedic device.
However, the lack of 3D printing orthopedic devices in developing countries, the high prices of 3D printed medical items and implants, a lack of technological experience, a lack of reimbursement regulations, and other issues are limiting the global 3D printing medical devices market growth. The availability of various medical treatment approaches, such as physical therapy, corticosteroids, NSAIDs, and rehabilitation activities, is further restraining the market expansion.
Collaborations between medical professionals, orthopedic device manufacturers, and 3D printing technology companies can foster innovation and research in the field. By combining their expertise, they can explore new possibilities and develop advanced orthopedic solutions using 3D printing. They can work together to design and produce customized implants, prosthetics, surgical guides, and other orthopedic devices that are tailored to individual patient needs. Moreover, collaborations in the orthopedic 3D printing devices market can potentially improve cost and time efficiency. By leveraging 3D printing technology, company can streamline the manufacturing process, reduce waste, and eliminate the need for tooling or molds. This can lead to shorter production cycles and lower costs compared to traditional manufacturing methods, ultimately benefiting patients and healthcare systems. These factors are anticipated to boost the market expansion in the upcoming years.
The orthopedic 3D printing devices market share is segmented on the basis of type, application, and region. By type, it is classified into plastics, biomaterials, nylon, wax, ceramics, and others. By application, it is classified into orthopedic implants, surgical planning, and surgical instruments. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.
The key players profiled in the orthopedic 3D printing devices market report include Stryker, 3D Systems Corp, ENVISIONTEC US LLC, EOS GmbH Electro Optical Systems, General Electric, Smith & Nephew, Johnson & Johnson, Abbott, Zimmer Biomet Holding Inc., and Aspect Biosystems Ltd.
The report offers a comprehensive analysis of the global orthopedic 3D printing devices market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.
Impact of COVID-19 on the Global Orthopedic 3D Printing Devices Industry
The pandemic caused disruptions in the global supply chain due to lockdown measures, travel restrictions, and temporary closures of manufacturing facilities. This led to delays in the production and delivery of orthopedic 3D printing devices, affecting market growth.Many hospitals and healthcare facilities postponed or canceled non-urgent and elective surgeries to prioritize COVID-19 patients and reduce the risk of virus transmission. This decline in orthopedic procedures affected the demand for orthopedic 3D printing devices.
The pandemic highlighted the importance of innovation in the healthcare sector. Orthopedic 3D printing devices are considered a promising technology that can enhance patient care and enable personalized treatment. The crisis has led to an increase in interest in such advanced solutions and this trend is expected to continue in the post-pandemic period.
Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market.
Key Findings of the Study
- Based on type, the plastics sub-segment emerged as the global leader in 2022 and the nylon sub-segment is anticipated to be the fastest growing during the forecast period.
- Based on application, the orthopedic implants sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
- Based on region, North America registered the highest market share in 2022 and is projected to maintain its position during the forecast period.
Companies Mentioned
- 3D Systems Corp
- Abbott
- Aspect Biosystems Ltd.
- EOS GmbH Electro Optical Systems
- General Electric
- Johnson & Johnson
- Smith & Nephew
- Stryker
- Zimmer Biomet Holding Inc.
- ENVISIONTEC US LLC
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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