LONDON, 02 January 2023 (GLOBE NEWSWIRE) — The Business Research Company’s research on the 3D printed implants market identifies the increasing prevalence of various diseases as the main drivers for the growth of the 3D printed medical implants market. As the number of people suffering from orthopedic, cardiac and dental diseases increases, the demand for 3D dental crowns, 3D dental bridges, 3D acetabular implants, shoulder implants and various other implants is increasing. According to the World Health Organization (WHO), around 65 million people in the United States suffer from periodontitis, which is inflammation and infection of the ligaments and bones that support teeth. This was mainly due to the increasing prevalence of periodontitis, diabetic gangrene, osteoarthritis and peripheral vascular disease. Similarly, the increasing prevalence of other diseases is driving the growth of the 3D printed implants market.

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The global market size for 3D printed implants will grow $2.25 billion in 2022 to $2.67 billion in 2023 at a compound annual growth rate (CAGR) of 18.9%. The Russia-Ukraine war has, at least in the short term, disrupted the chances of a global economic recovery from the COVID-19 pandemic. The war between these two countries has resulted in economic sanctions against several countries, a surge in commodity prices and supply chain disruptions, leading to inflation in goods and services and affecting many markets around the world. The global 3D printed implants market size is expected to grow $5.36 billion in 2027 at a CAGR of 19.0%.

Many companies in this market work with various hospitals and rehabilitation centers to provide customizable devices for the specific needs of patients. These collaborations are said to be mutually beneficial as the companies would be able to use the hospitals’ network to promote their product and the hospitals would be able to buy customizable devices.