Global 3D Printed Maxillofacial Implants Market: A Deep Dive into Key Drivers and Trends
Author : Bhushan S | Published On : 24 Apr 2024
The global demand for 3D printed maxillofacial implants market is anticipated to show a compound annual growth rate (CAGR) of 8.2% and reach a market valuation of US$ 1,119.1 million by 2033.
Increased demand for efficient reconstructive operations and an increase in traffic accidents due to urbanization and industrialization are expected to present a number of growth prospects for the 3D printed maxillofacial market. During the assessment period, it is projected that the market for 3D printed maxillofacial implants would grow due to the rising desire for less invasive surgical procedures.
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Revolutionizing Maxillofacial Surgery: 3D Printing Takes Center Stage
A recent Future Market Insights report highlights the burgeoning market for 3D printed maxillofacial implants. These innovative implants offer a new era of possibilities in maxillofacial reconstruction, surpassing limitations associated with traditional methods.
Market Poised for Exponential Growth
The report reveals a promising future for the market, with a projected CAGR of 8.2% over the next decade. This follows a steady growth trajectory observed between 2018 and 2022, where the market reached a value of US$483.8 million. The rising demand for 3D printed maxillofacial implants is attributed to several key advantages:
- Reduced Surgical Times: 3D printing allows for customized implants, streamlining surgical procedures and minimizing patient recovery time.
- Unprecedented Customization: Unlike traditional implants with limited size and shape options, 3D printing enables the creation of personalized implants that perfectly fit a patient’s unique anatomy.
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$507.3 million in 2023.
- This growth is anticipated at a strong compound annual growth rate (CAGR) of 8.2% throughout the forecast period.
- The increasing demand for personalized and minimally invasive surgical solutions for maxillofacial reconstruction is a key driver for market expansion.
Competition Analysis:
Key players in the global 3D printed maxillofacial implants market include Materialise, Zimmer Biomet, Medartis, DePuySynthes, and others.
Recent Industry Updates include:
- In May 2022, Medartis Holding AG announced that it has completed the acquisition of Nextremity Solutions Inc., a strategic commercialization organization located in Warsaw, Indiana. The total purchase price for the transaction is going to be up to US$ 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
