Orthopedic 3D Printing Devices Market Expected to Reach $5.3 Billion by 2032—Allied Market Research

According to a new report published by Allied Market Research, titled, “Orthopedic 3D Printing Devices Market," The orthopedic 3d printing devices market size was valued at $2 billion in 2022, and is estimated to reach $5.3 billion by 2032, growing at a CAGR of 11.2% from 2023 to 2032.

3D printing in orthopedics is commonly used to create personalized implants, devices, and instruments. In orthopedics, 3D printing has also been used for preoperative planning and teaching both students and patients more about the procedures. 3D printing improves medical precision and can reduce surgery time, making the procedure safer for the patient. The method can be practiced and visualized in advance using 3D printing.

3D printing enables the rapid production of physical models and prototypes, allowing engineers and designers to quickly iterate and refine designs. Traditional manufacturing methods can be slow, expensive, and require complex tools. With 3D printing, orthopedic devices can be prototyped in hours or days, significantly reducing development time. Orthopedic devices often require a high degree of customization to meet each patient's anatomical needs. 3D printing enables patient-specific models and implants to be created to patient-specific requirements. By rapidly prototyping and iterating on these bespoke designs, orthopedic surgeons can optimize fit, comfort, and functionality to improve patient outcomes. 3D printing plays a key role in facilitating rapid prototyping and iteration in the orthopedic field. Its ability to rapidly create physical models, customize designs, optimize device performance, and reduce costs makes it an valuable technology for accelerating orthopedic device.

However, the lack of 3D printing orthopedic devices in developing countries, the high prices of 3D printed medical items and implants, a lack of technological experience, a lack of reimbursement regulations, and other issues are limiting the global 3D printing medical devices market growth. The availability of various medical treatment approaches, such as physical therapy, corticosteroids, NSAIDs, and rehabilitation activities, is further restraining the market expansion.

Collaborations between medical professionals, orthopedic device manufacturers, and 3D printing technology companies can foster innovation and research in the field. By combining their expertise, they can explore new possibilities and develop advanced orthopedic solutions using 3D printing. They can work together to design and produce customized implants, prosthetics, surgical guides, and other orthopedic devices that are tailored to individual patient needs. Moreover, collaborations in the orthopedic 3D printing devices market can potentially improve cost and time efficiency. By leveraging 3D printing technology, company can streamline the manufacturing process, reduce waste, and eliminate the need for tooling or molds. This can lead to shorter production cycles and lower costs compared to traditional manufacturing methods, ultimately benefiting patients and healthcare systems. These factors are anticipated to boost the orthopedic 3D printing devices market share expansion in the upcoming years.

The orthopedic 3D printing devices market share is segmented on the basis of type, application, and region. By type, it is classified into plastics, biomaterials, nylon, wax, ceramics, and others. By application, it is classified into orthopedic implants, surgical planning, and surgical instruments. By region, the market is analyzed across North America, Europe, Asia-Pacific, and LAMEA.

The key players profiled in the orthopedic 3D printing devices market analysis report include Stryker, 3D Systems Corp, ENVISIONTEC US LLC, EOS GmbH Electro Optical Systems, General Electric, Smith & Nephew, Johnson & Johnson, Abbott, Zimmer Biomet Holding Inc., and Aspect Biosystems Ltd.

The report offers a comprehensive analysis of the global orthopedic 3D printing devices market trends by thoroughly studying different aspects of the market including major segments, market statistics, market dynamics, regional market outlook, investment opportunities, and top players working towards the growth of the market. The report also highlights the present scenario and upcoming trends & developments that are contributing toward the growth of the market. Moreover, restraints and challenges that hold power to obstruct the market growth are also profiled in the report along with the Porter’s five forces analysis of the market to elucidate factors such as competitive landscape, bargaining power of buyers and suppliers, threats of new players, and emergence of substitutes in the market.

Impact of COVID-19 on the Global Orthopedic 3D Printing Devices Industry

• The pandemic caused disruptions in the global supply chain due to lockdown measures, travel restrictions, and temporary closures of manufacturing facilities. This led to delays in the production and delivery of orthopedic 3D printing devices, affecting orthopedic 3D printing devices industry growth.
• Many hospitals and healthcare facilities postponed or canceled non-urgent and elective surgeries to prioritize COVID-19 patients and reduce the risk of virus transmission. This decline in orthopedic procedures affected the demand for orthopedic 3D printing devices.
• The pandemic highlighted the importance of innovation in the healthcare sector. Orthopedic 3D printing devices are considered a promising technology that can enhance patient care and enable personalized treatment. The crisis has led to an increase in interest in such advanced solutions and this trend is expected to continue in the post-pandemic period.
• Social distancing norms, closed borders, and production constraints, due to the pandemic, across various countries such as China, India, and the U.S. have affected the global market.

Key Findings of the Study

• Based on type, the plastics sub-segment emerged as the global leader in 2022 and the nylon sub-segment is anticipated to be the fastest growing during the orthopedic 3D printing devices market forecast period.
• Based on application, the orthopedic implants sub-segment emerged as the global leader in 2022 and is predicted to show the fastest growth in the upcoming years.
• Based on region, North America registered the highest orthopedic 3D printing devices market size in 2022 and is projected to maintain its position during the forecast period.