3D printing, also known as additive manufacturing, refers to addition of successive layers of raw material to produce objects forming three-dimensional file. In medical terms, 3D printed medical implants allow surgeons in surgery by implantation of biological objects, reduces risks involved during surgeries, decrease in anesthesia exposure duration, and risk of infection. 3D printing is a rapidly emerging technology which empowers key manufacturer in the medical field to form the customized medical products and implant them by replacing the damaged biological structure. 3D printed medical implantation allow patients in rapid recovery and thereby, it reduces hospital stay. Moreover, preclinical testing prior to implantation of 3D printed organs reduces chances of implant rejection.
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Increasing prevalence for the need of medical implant and Collaboration of manufacturers increases the demand for the market
According to the World Health Organization (WHO), in 2015, around 65 million people suffered with periodontitis in U.S. This is mainly owing to factors such as rising prevalence of periodontitis, diabetes-related gangrene, osteoarthritis, and peripheral vascular disease, which in turn, increases the use of 3D printed medical implants. Rapid technological advancement in the medical field is expected to witness growth in 3D printed medial Implants market during the forecast period. Moreover, increasing opportunity in biomedical applications and collaboration between manufacturing industries to increase product development has augmented the market growth. In addition, factors such as increased occurrence of chronic diseases such as bone-dental diseases and increase in number of accidents, expected to propel the 3D printed medical implant market growth over the forecast period.
New product launch by key players to hold a global position throughout the global market
Some of the key players operating in the global 3D printed medical implants include 3D Systems Corporations, Stratasys Ltd, EnvisionTEC, Arcam AB, Organovo Holdings, Inc., EnvisionTEC, Arcam AB, SLM Solutions Group AG, Oxford Performance Materials, Inc., Materialise NV, Bio3D Technologies, and Cyfuse Medical K.K.