3D Medical Implants Market: Drivers and Restraints
3D printing, also known as additive manufacturing, is the process of forming three-dimensional objects by adding successive layers of raw materials. Use of 3D printed medical implants decrease the risks involved during surgery, anesthesia exposure, and risk of infection. Such implants also aid in rapid recovery of patients. Preclinical testing is recommended before implanting 3D printed organs in order to decrease the possibility of implant rejection.
The three-dimensional (3D) medical implants are medical devices that offer aids in the medical reconstruction procedures of physical faults and abnormalities of the body. The 3D medical implants are commonly additively manufactured using 3D printers; which allow to develop complex geometry features and customized implants specific to the patients’ anatomy. The 3D medical implants technology integrates virtual computer-aided surgical planning and facilitating accurate and effective treatment of the complex malformations.
Impact of COVID-19 on the Healthcare Industry
The COVID-19 pandemic has caused severe impacts on the global economy at various levels and which can be seen on the Healthcare industry as well. The thriving market of health care research and development is expected to exhibit a steep decline in the sales during the lockdown period owing to the shutdown of the manufacturing units, acute shortage in the supply of raw materials and absence of potential manpower. It can be deduced from the current situations brought about by the pandemic that the production, and supply chain activities have experienced minor hurdles. However, the market is projected to gradually recover post-COVID-19, which will present attractive opportunities for sales across various regions of the world in the following years.
Future Market Insights (FMI) adopted a multidisciplinary approach during the pandemic-era to focus on the growth and development of the 3D Medical Implants Market. The study features insights on the current growth dynamics and the major revenue reforms prevailing in the market as along with the key takeaways over the forecast.
The team of analysts at Future Market Insights are focussing on research and market study to produce different 3D Medical Implants Market forecasts and predictions at both national and international levels. They have considered several leads of information pertaining to the industry like market figures and merger estimations to assess and produce reliable and informative insights on the 3D Medical Implants Market.
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The report provides insights on the important highlights and current trends prevailing in the market. This helps the readers to gain a deeper understanding and form an unbiased opinion on the market. Numerous segmentations have been provided for this market based on:
Based on material, 3D medical implants market is segmented into following:
Based on application, 3D medical implants market is segmented into following:
- Hearing Aids
The investigation offers a top to bottom evaluation of different clients’ journeys pertinent to the market and its segments. The study endeavours to assess the current and future development possibilities, undiscovered roads, factors that shapes their income potential in the global market by breaking it into di such as its types, applications, and region-wise assessment.
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By Regional Analysis Covered
- North America (U.S., Canada)
- Latin America (Mexico. Brazil)
- Western Europe (Germany, Italy, France, U.K, Spain)
- Eastern Europe (Poland, Russia)
- Asia Pacific (China, India, ASEAN, Australia & New Zealand)
- Middle East and Africa (GCC Countries, S. Africa, Northern Africa)
Global 3D Printed Medical Implants Market: Regional Analysis
North America is expected to hold dominant position in the global 3D printed medical implants market and is expected to retain its dominance over the forecast period. This is attributed to increasing prevalence of bone-dental disorders in the region. For instance, according to World Health Organization (WHO), in 2016, around 65 million people suffered from bone-dental related disorders and around 18 million people met with road accidents. The U.S. is expected to hold dominant position in North America 3D printed medical implants market. This is owing to reduced costs of implantation procedures and availability of expert surgeons in the U.S.
Europe is expected to hold second dominant position in the global 3D printed medical implants market over the forecast period. This is attributed to increasing manufacturers of 3D printed medical implants and high prevalence of bone-dental disorders in the region. For instance, according to the WHO, in 2015, over 12 million people suffered from bone-dental disorders in the U.K.
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Global 3D Printed Medical Implants Market: Competitive Landscape
Major players operating in the global 3D printed medical implants market include, EnvisionTEC, Arcam AB, Organovo Holdings, Inc., 3D Systems Corporations, Stratasys Ltd., EnvisionTEC, Arcam AB, SLM Solutions Group AG, Oxford Performance Materials, Inc., Materialise NV, Bio3D Technologies, and Cyfuse Medical K.K.
Explore Wide-ranging Coverage of FMI’s Healthcare Landscape
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