3D Printed Medical Devices Market Innovates with Cost-Effective Products for the Spine Industry
Global 3D Printed Medical Devices Market Report by The Business Research Company 2022 – Global Market Size, Trends and Forecast 2022-2026
LONDON, GREATER LONDON, UK, April 22, 2022 /EINPresswire.com/ — The increasing use of 3D printing technology in the spine industry is one of the latest trends in the printed medical device market. 3D. The spine industry is embracing 3D printing to produce innovative new products that can promote bone growth and improve implant attachment to spinal bone, reducing the number of manufacturing steps , making the process more cost effective in several cases, thus shaping 3D printed medical devices. market outlook. For example, Medtronic launched its titanium 3D printing platform – TiONIC Technology. TiONIC technology is a 3D printed technique that uses laser methods to create implants with enhanced surface textures. Artic-L is the first implant created by the company using TiONIC technology. The implant is made of titanium and designed for use by surgeons in spinal surgery. In addition to this, K2M’s Lamellar showcased their 3D Titanium technology to create a 3D spinal implant. The 3D printing medical device using titanium technology uses an advanced 3D printing method to create structures that were once considered impractical with traditional manufacturing techniques. The implants use titanium powder and are associated with bone growth activity.
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The global 3D printed medical devices market size is expected to grow from $2.29 billion in 2021 to $2.76 billion in 2022 at a compound annual growth rate (CAGR) of 20.4%. The global 3D printed medical devices market size is then expected to reach $4.49 billion in 2026 with a CAGR of 13.0%.
The analysis of the 3D printed medical devices market shows that the increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the market growth. Osteoarthritis is a disorder that damages joint cartilage and surrounding tissue, causing pain, stiffness and loss of joint function in the affected person. 3D printing medical devices enable the creation of a replica of a patient’s joint that can provide surgeons with crucial information that might not be visible on a 2-dimensional scan. The risk of developing osteoarthritis increases with age. For example, according to the US National Library of Medicine report, by 2040 an estimated 78 million (26%) US adults aged 18 and older will have arthritis diagnosed by a doctor. Thereby boosting the adoption of 3D printed medical devices, having a positive impact on the growth of the 3D printed medical devices market.
Key players covered in the global 3D printed medical devices market are 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Arcam AB, Cyfuse Biomedical, Materialize NV, Organovo Holdings, EOS GmbH, FabRx Ltd. and Laser Concept.
The global 3D Printed Medical Devices market research report by TBRC is segmented by Type into Implants, Surgical Instruments, Prosthetics, Tissue Engineering Devices, Others, by Application in Orthopedic, Spinal, Dental, Hearing Aids, others, by technology in fused deposition modeling, digital light processing, stereolithography, selective laser melting, by raw material in plastics, biomaterial inks, metals and alloys, by end user in hospitals, diagnostic centers, academic institutions, other .
Global 3D Printed Medical Devices Market Report 2022 – By Type (Implants, Surgical Instruments, Prosthetics, Tissue Engineering Devices), By Application (Orthopaedics, Spine, Dental, Hearing Aids, Other Applications), By Technology ( fusion deposition modeling, digital light processing, stereolithography, selective laser melting), by raw material (plastics, biomaterial inks, metals and alloys), by end user (hospitals, diagnostic centers, academic institutions) – Market size , Trends and Global Forecasts 2022-2026 is one of a series of new reports from The Business Research Company that provides an overview of the 3D printed medical devices market, forecasts the size and growth of the 3D printed medical devices market 3D for Overall Market, 3D Printed Medical Devices Market Segments, Geographies, Market Trends 3D Printed Medical Devices Market, 3D Printed Medical Devices Market Drivers, Constraints, Revenue, Key Competitor Profiles and Market Shares.
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