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CST: 22/08/2019 00:38:40   

Worldwide Orthopedic 3D Printing Devices Market to 2023: Projected to Post a CAGR of Approx 26%

125 Days ago

Dublin, April 18, 2019 (GLOBE NEWSWIRE) -- The "Global Orthopedic 3D Printing Devices Market 2019-2023" report has been added to ResearchAndMarkets.com's offering.

The orthopedic 3D printing devices market will register a CAGR of almost 26% by 2023.

3D printing technologies are increasingly being used to develop patient-matched (or patient-specific) devices and surgical instrumentation by using a patient's own medical imaging. The nature of additive layer manufacturing in 3D printing enables clinicians to fabricate customized implants that involve complex shapes and geometric features.

3D printing is also finding increasing application in the development of customized surgical implants. As 3D printing can quickly produce customized surgical implants, it solves an important problem in orthopedics, namely, that traditional implants are often unsatisfactory for a significant number of patients. Therefore, 3D printing is an effective solution for such patients as customized implants can be designed to fit precisely into any anatomical defects or malformations. Besides being anatomically correct, customized medical devices can be fabricated from high-quality and biocompatible materials.

Increasing number of orthopedic implant surgeries

The number of orthopedic implant surgeries such as knee replacement, hip replacement, shoulder replacement, and spinal implant and craniomaxillofacial implant procedures being performed worldwide is on the rise.

After hip and knee replacement. shoulder replacement is the most common joint replacement surgery performed worldwide. Hence, several vendors are offering 3D printing technologies to meet the increasing demand for orthopedic implants.

High initial costs to set up a 3D printing facility

The high capital costs involved in the 3D printing of medical devices restricts its widespread adoption. The high costs are attributed to the cost of the equipment required for 3D printing or outsourced print service contracts as well as the advanced software used in post-processing activities.

The time required to produce most 3D printed devices depends on the number of layers to be printed and may range from hours to several days. This limits the viability of their use in mass manufacturing in certain areas unless several hundred 3D printers are purchased and operated simultaneously. Such factors restrict the widespread adoption of orthopedic 3D printing devices.

Competitive Landscape

The market appears to be moderately fragmented and with the presence of several vendors. This market research report will help clients identify new growth opportunities and design unique growth strategies by providing a comprehensive analysis of the market's competitive landscape and offering information on the products offered by companies.

Key Players

  • 3D Systems
  • EnvisionTEC
  • EOS
  • General Electric
  • Materialise
  • Stratasys

Topics Covered

PART 01: EXECUTIVE SUMMARY

PART 02: SCOPE OF THE REPORT

PART 03: MARKET LANDSCAPE

  • Market ecosystem
  • Market characteristics
  • Market segmentation analysis

PART 04: MARKET SIZING

  • Market definition
  • Market sizing 2018
  • Market size and forecast 2018-2023

PART 05: FIVE FORCES ANALYSIS

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

PART 06: MARKET SEGMENTATION BY APPLICATION

  • Comparison by application
  • Orthopedic implants - Market size and forecast 2018-2023
  • Surgical planning - Market size and forecast 2018-2023
  • Surgical instruments - Market size and forecast 2018-2023
  • Market opportunity by application

PART 07: CUSTOMER LANDSCAPE

PART 08: GEOGRAPHIC LANDSCAPE

  • Geographic comparison
  • North America - Market size and forecast 2018-2023
  • Europe - Market size and forecast 2018-2023
  • Asia - Market size and forecast 2018-2023
  • RoW - Market size and forecast 2018-2023
  • Key leading countries
  • Market opportunity

PART 09: DECISION FRAMEWORK

PART 10: DRIVERS AND CHALLENGES

PART 11: MARKET TRENDS

  • Technological advances and their use in the 3D printing of orthopedic devices
  • Strategic collaborations and M&A
  • Rising focus on R&D of 3D bioprinting

PART 12: VENDOR LANDSCAPE

  • Overview
  • Landscape disruption

PART 13: VENDOR ANALYSIS

  • Vendors covered
  • Vendor classification
  • Market positioning of vendors
  • 3D Systems Inc.
  • EnvisionTEC
  • EOS
  • General Electric
  • Materialise
  • Stratasys Ltd.

For more information about this report visit https://www.researchandmarkets.com/r/bxxmh1

Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.

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Related Topics: Consumer Electronics, Orthopedic Devices, 3D Printing

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