The orthopedic 3D printing devices market share will post an incremental growth of USD 901.59 million, progressing at a CAGR of 15.61% during the forecast period. The increased demand for personalized or customized orthopedic devices will offer immense growth opportunities to market vendors. The orthopedic 3D printing devices market is fragmented, and the vendors are deploying growth strategies such as using low-pricing strategies and strengthening the local customer base to compete in the market.
Technavio’s report on “Orthopedic 3D Printed Devices Market by Application and Geography - Forecast and Analysis 2021-2025” provides a detailed market analysis of the prevalent market forces, trends, and challenges that are likely to impact the market in focus.
The orthopedic 3D printing devices market is segmented by application (orthopedic implants, surgical planning, and surgical instruments) and geography (North America, Europe, Asia, and ROW)
The growth of the orthopedic 3D printing devices market in orthopedic implants will be significant during the forecast period. Factors such as the increasing incidence of orthopedic and spinal disorders, rising demand for patient-specific orthopedic implants, and the growing need for advanced surfaces and structures in the implants will drive the orthopedic 3D printing devices market growth.
By geography, 38% of the market's growth will originate from North America during the forecast period. The US is the key market for orthopedic 3D printing devices in North America. Factors such as the improved healthcare infrastructure, high adoption of orthopedic 3D printing devices in healthcare facilities, and the presence of established vendors will facilitate the orthopedic 3D printing devices market size in North America.
The increased demand for personalized or customized orthopedic devices will directly influence the sales of orthopedic 3D printing devices. In addition, strategic collaborations and M&A is one of the major orthopedic 3D printing devices market trends that will have a positive impact on market growth. However, factors such as the High initial costs to set up a 3D printing facility will hamper the orthopedic 3D printing devices market growth.
Some of the major orthopedic 3D printing devices market vendors are 3D Systems Corp., EnvisionTEC GmBH, EOS GmbH Electro Optical Systems, General Electric Co., Materialise NV, Medtronic Plc, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., and The ExOne Company.
To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their position in the slow-growing segments. To survive and succeed in such an intensely competitive market, players must distinguish their product and service offerings through clear and unique value propositions.
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Precise market size estimation during the forecast period 2021-2025.
CAGR of the orthopedic 3D printing devices market forecast during 2021-2025.
Market-level data on units, average selling prices, and values of the orthopedic 3D printing devices market share.
Prediction on the upcoming trends, drivers, and factors that challenge the growth of the orthopedic 3D printing devices market.
Orthopedic 3D printing devices industry growth across North America, Europe, Asia, and ROW.