SmarTech Publishing
SmarTech Publishing Orthopedic implants report
Additive orthopedic revenue opportunities in 2016 and the projected figures for 2019.
SmarTech Publishing, a provider of in-depth industry analysis services to the additive manufacturing (AM) market, has published its first ever true industry opportunity deep dive market research report on the growing additive orthopaedics industry.
The report measures an area of opportunity for additive manufacturing that is due to experience sizeable change throughout the next few years.
Additive manufacturing has been leveraged by orthopaedic device manufacturers for the production of medically approved implants for nearly a decade. SmarTech Publishing evaluates that AM is at a ‘critical tipping point’ today. As part of its ongoing analysis plan in biomedical 3D printing, SmarTech proprietary market models have been adapted to the growing serial manufacturing opportunity. These market models reveal the additive orthopaedic market generated nearly $500m in total opportunities in 2016.
With over 100 pages of analysis and market data, Additive Orthopedics: Markets for 3D printed Medical implants 2017 aims to provide the orthopaedic industry with a complete guide to current and future areas of adoption and growth. In addition to forecast data, the report also provides a logical segmentation of the market by examining the value proposition for various additive technologies in the context of implants and various device types.
SmarTech’s report outlines the additive orthopaedics segment is expected to drive an estimated 44% of all medical 3D printing revenues today, and is expected to grow as the single largest area of medical 3D printing throughout the forecast period (end of the decade) to over 60% of all associated revenues. Meanwhile, production of all additively manufactured orthopaedic and medical implants is estimates to grow by 29% CAGR through 2026, with the fastest growing segments being components of knee reconstruction systems, spinal fusion devices, and non-load-bearing extremity fracture devices greatly exceeding total average growth.
Associated revenue opportunities in additive orthopaedics heavily favour outsourced manufacturing and engineering services, as outsourced production of printed implants will remain common through both contract manufacturers for standard sized implants and direct-to-provider service for patient specific implants.
Reaching nearly $500 million in revenue opportunities in 2016, SmarTech projects this figure will have doubled by 2019, and can be certain the use of additive manufacturing for orthopaedic implants will generate more than $1 billion in revenue opportunities into the mid-2020s.
