Australia 3D Printed Implants Market - 2023-2030

Australia 3D Printed Implants Market - 2023-2030

The Australia 3D printed implants market reached US$ XX billion in 2022 and is expected to reach US$ XX billion by 2030 growing with a CAGR of XX% during the forecast period 2023-2030.

The 3D printed implants market trends show rising research owing to the rising technological advancements and research studies. Furthermore, rising adoption of different material for 3D printed implants such as alloys due to the rising availability of suitable material and increase in the number of 3D printed implants launch in the market, and an increase in the research and development is driving up the 3D printed implants market size.

The market is experiencing a growth in demand for treatment in Australia as a result of the rising advancements in this field. With significant competitors like Limacorporate S.p.A., 3D Systems, Inc., Additive Surgical, and Inventia Life Science Pty Ltd actively operating in the market, the market is growing to expand in upcoming years.

Dynamics

Increased Use of 3D Printed Implants in Surgical Procedures Drive the Growth of the 3D printed implants Market

Increased usage of 3D printing for medical implants is predicted by improvements in the technology, including a greater variety of filament materials and increased precision. The medical sector has advanced significantly as a result of recent material 3D printing advancements, which were made in 2022. Titanium, nitinol, and nickel alloy are desirable for peripheral artery disease (PAD) because of their shape memory properties. PAD, which lowers blood flow to the limbs, is caused by accumulation of fat in the arteries of the arms or legs.

When a user moves their limbs, stents inserted in these damaged arteries must be able to deform while preserving their structure. Nitinol is a good substance to use to create these stents as a consequence. A CSIRO study suggests that nitinol stents may now be produced via 3D printing. Nitinol is rarely employed in additive manufacturing, therefore this marks a substantial advancement in metallurgy as well as an improvement in the geometry of these stents. These 3D-printed stents have a complex mesh structure that makes it possible for them to expand and contract more effectively than conventional stents.

Not just prosthetic medicine requires a high degree of customization, but other medical specialties as well. With its cost-effective manufacture for high productivity, 3D printing has emerged as a prominent orthopaedic and pharmaceutical manufacturing technology. It is suitable for a variety of uses, including medical equipment and instruments, pharmacological design, anatomical models, and validation models, and tissue engineering models. The market is predicted to take the lead throughout the forecast period owing to these factors.

Rising Collaboration by Key Players or Several Organizations Creates Opportunities for the Growth of the Market

As a result of years of study, a number of major manufacturers or research organizations are now developing several novel 3D printed implants with advanced technologies, which is promoting the expansion of the 3D printed implants market. In partnership with a medical device business, a neurosurgeon, and RMIT University researchers, a patient having severe back pain was successfully fitted with a 3D printed vertebral cage. RMIT researchers created a spinal implant cage that was successfully implanted into a patient to relieve excruciating back pain.

Anatomics, a company that specializes in medical devices, collaborated with Professor Milan Brandt and his group at RMIT's Centre for Additive Manufacturing to design and create a personalized titanium spinal implant using additive manufacturing, also known as 3D printing at the Advanced Manufacturing Precinct. As contrast to subtractive manufacturing methods like casting, fabrication, stamping, and machining, this innovative procedure enables the implant to be created layer by layer, adding consecutive layers of material with computer control.

The ability to design complicated and one-of-a-kind titanium implants for particular disorders, like the irregular shape of Gorvin's vertebral cage, suggests that additive technology may be used to offer ongoing assistance to people who experience chronic pain. Such research collaborations may help in providing technological advanced 3D printed implants for several applications.

The High-Cost and Stringent Regulations will hamper the growth of the market

Although 3D printed implants increase surgical effectiveness, healing duration, and the patient's quality of life, they are very expensive. Compared to conventional implants, 3D printing requires a wide range of materials and sophisticated machinery, making it a highly developed but expensive technology. For the production of 3D printed implants, there is a wide range of expensive 3D modeling software. The use of 3D modeling tools dramatically enhances simulations with interactive anatomical representations. They're also a great approach for medical professionals and people to get a clearer understanding of a problem.

Examples of FDA-approved software used by 3D Incredible include Mimics, Ltdatics, Stratasys, Magic, NX Siemens and Quant AM. The inability to mass-produce the majority of 3D-printed implants lengthens machine run times and raises infrastructure operation costs. In addition, running a 3D printer requires an elevated degree of maintenance with highly qualified staff; all of these factors are predicted to hinder the market. These factors are restricting the 3D printed implants market’s growth.

Segment Analysis

The Australia 3D printed implants market is segmented based 3D printing technology, material, application and end user.

Owing to High Demand, the Electron Beam Melting Technology from 3D Printing Technology Segment Accounted for Approximately 33.6% of the 3D Printed Implants Market Share

The electron beam melting technology category from 3D printing technology held the largest market share in 2022 and is expected to maintain its dominance over the forecast period due to a growth in 3D printed implants worldwide. The electron beam melting technique, a recognized innovator in affordable additive manufacturing (AM) solutions for orthopaedic implants and aerospace applications, has the potential to spark a new wave of additive innovation.

Innovative design flexibility, higher material characteristics, and stacking possibilities are provided by this technology. EBM technology will increase the firm's productivity when these advantages are combined with the removal of heat treatment and wire cutting. The EBM technique produces the energy necessary for high melting capacity and productivity using a high-power electron beam. The vacuum process keeps the environment tidy and under control while the hot process makes it possible to produce parts with low residual stress.

Less support means more design freedom, and the tightly packed parts of the EBM method enable higher volume builds. a mix that makes it possible to create complex and sophisticated orthopaedic implants. Additionally, there are an increasing number of implants using Arcam EBM technology that have received CE certification and FDA clearance.

Competitive Landscape
The major players in the 3D printed implants market include Limacorporate S.p.A., 3D Systems, Inc., Stratasys, Additive Surgical, BELLASENO, 3DMEDiTech, Inventia Life Science Pty Ltd, Allegra, Stratasys, Objective3D, Inc. among others.

COVID-19 Impact Analysis

By 3D Printing Technology
• Electron Beam Melting Technology
• Direct Metal Laser Sintering (DMLS)
• Fused Deposition Modeling (FDM)
• Stereolithography (SLA)
• Multi Jet Fusion (MJF)
• Others

By Material
• Metal and Alloys
• Ceramic
• Polymer

By Application
• Orthopedic
• Dental
• Oral-maxillofacial
• Others

By End User
• Hospitals
• Ambulatory Surgical Centers
• Others

Key Developments
• On August 17, 2022, BellaSeno, a manufacturer of medical devices, has announced that human trials for its patented 3D printed breast implants have begun in Australia. BellaSeno's fully-resorbable 3D printed breast scaffolds are intended to be inserted during breast regeneration, augmentation, or revision procedures before being gradually absorbed by the body.
• On May 25, 2022, Additive Surgical Pty Ltd and Tsunami Medical Srl, which produces invasive diagnostic devices as a subcontractor for major manufacturing firms, have established a strategic partnership for the production and marketing of 3D-printed spinal implant technology throughout Australia and New Zealand. The implant product range that is currently on the market is the result of Selective Laser Melting (SLM) technique design and manufacturing by Tsunami Medical, which began in 2010.
• On November 29, 2021, through the release of Digital Anatomy Creator, an innovative software module, for Stratasys Digital Anatomy 3D Printers, Stratasys Ltd., a pioneer in polymer 3D printing technologies, has improved anatomic modeling tools for healthcare practitioners. The new program makes it simple for users to modify internal print structures and material formations to create particular to the patient anatomic models that accurately reflect a patient's pathologic along with biologic anatomy.

DMI Opinion:

The Australia 3D printed implants market is going to see decent growth in upcoming years owing to rising adoption of 3D printed implants and novel product launches. Several researches are taking place worldwide for utilization of 3D printed implants. Numerous advances are taking place leading to the growth of market. According to DMI the 3D printed implants market will see a decent growth with several novel technological advancements in the market.

Why Purchase the Report?
• To visualize the Australia 3D printed implants market segmentation based on 3D printing technology, material, application and end user as well as understand key commercial assets and players.
• Identify commercial opportunities by analyzing trends and co-development.
• Excel data sheet with numerous data points of 3D printed implants market-level with all segments.
• PDF report consists of a comprehensive analysis after exhaustive qualitative interviews and an in-depth study.
• Product mapping available as excel consisting of key products of all the major players.

The Australia 3D printed implants market report would provide approximately 42 tables, 35 figures and 195 Pages.

Target Audience 2023
• Manufacturers/ Buyers
• Industry Investors/Investment Bankers
• Research Professionals
• Emerging Companies