Orthopedic device 3D printing market CAGR to hit 26% by 2023: 4 things to know

Written by Laura Dyrda | April 16, 2019 | Print  |

Reportbuyer released a new analysis of the orthopedic 3D printing technologies market.

 

Four key trends:

1. The orthopedic devices 3D printing market is expected to grow at a compound annual growth rate of nearly 26 percent by 2023. The additive layer manufacturing allows physicians to customize implants with complex shapes and geometric features. It's also made with biocompatible materials.

2. Factors driving market growth include the increasing number of patients needing orthopedic surgery, including knee, hip and shoulder replacement. There is also an increase in spinal implant procedures performed worldwide.

3. There are high initial costs for launching a 3D printing facility, which restricts adoption. The technology is clostly because it requires 3D printing equipment or outsourced print service contracts in addition to advanced software. It also takes time to print 3D devices depending on the layers needed; printing could take a few hours to several days.

4. The report finds the 3D printed orthopedic devices market moderately fragmented with several vendors. Find recent news from 3D printed orthopedic and spine device manufacturers here.

More articles on surface technology:
5 notes on titanium spinal implants
ChoiceSpine releases additively manufactured titanium alloy implant for cervical cases
5 things to know about the vertebral body replacement device market

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