Philippines 3D Printed Implants Market Analysis

The Philippines 3D Printed Implants Market size stood at around xx Bn in 2023 and is projected to reach US $xx Bn by 2033, exhibiting a CAGR of xx% during the forecast period.

The Philippines 3D Printed Implants Market Analysis Executive Summary

3D printed implants can be defined as human medical artificial parts produced through advanced manufacturing technique known as additive manufacturing. They can be also designed to conform with patients’ anatomic characteristics which can enhance performance of surgical procedures and minimizes post-surgical recovery period. Some of the uses include; orthopaedics implants, dental prosthetics, cranial plates among others.

The scenario for the international market of 3D printed implants is in constant progress, and the application of such technology is extended to more and more fields of medicine. Researches show that this technology is a result of increased requirement of patient centred solutions. Adoption rates are increasing as more healthcare facilities begin to appreciate the application of 3D printing, such as shorten implant manufacturing time by 50%, and the general cost of surgery is lowered by roughly 30% because of lesser operating time and enhanced patient results.

Although existing countries like the U. S. are coming up with measures to regulate the use of the 3D printed implants through the Food and Drug Administration Body. To date, over a 100 medical devices printed through 3D printing have received FCC approval, entrusting this technology’s acceptance to progressive healthcare facilities. Some of the countries that are pioneering the use of 3D printing are the U. S, Germany, and the Netherlands that have shown many clinical solutions proving the efficiency of 3D print implants in enhancing the quality of life. It can be concluded that the application of additive manufacturing to produce implants will become a significant part of advanced medicine in the future, which will need to be tailored specifically to the patient

Market Dynamics for 3D Printed Implants Market in Philippines

Market Growth Drivers

The use of 3D printed implants is positively impacted by their capacity to produce customized solutions that can also improve their patient’s results. Some of these studies suggest that such implants can be custom developed to match the size and shape of a patient’s anatomy, with a consequent increase in the accuracy and efficacy of surgery, and a simultaneous reduction in post-surgical healing periods. A paper on Additive Manufacturing revealed that the use of 3D printed implants has the ability of reducing surgery time by as much as 50%, an improvement that cuts across on efficiency as well as patient safety. In addition, expanding awareness of the additive manufacturing technologies among the health care providers and progress in the existing legislation act as a catalyst for implementation of the 3D printed implants in clinic that makes them available for patients.

Opportunity

Opportunity includes biodegradable implants, used to dissolve in the body after the required purpose, therefore, eliminating the need for a follow-up surgery or operation. This is especially useful in children, for they need tissue expanders that are used for a limited time only. Furthermore, the bio printing is expanding as a revolutionary procedure in which patients can get living tissues and organs from viable cells and can bring drastic change in the field of transplant medicine

Market Restraints

However, there are certain challenges that have posed a challenge around 3D printed implants to gain popularity among patients and clinicians. This is because there is an evidently high level of regulatory scrutiny when it comes to approval of such devices. The lack of standardized regulations and guidelines for 3D printed medical devices can lead to delays in approval processes, creating uncertainty for manufacturers and healthcare providers. Furthermore, long-term stability and biocompatibility of the used materials could be another reason for the clinicians’ reticence to adopt the 3D printed materials fully. Since 3D printing requires immense capital investment upfront, especially in hospitals, the factors such as specialized training negate the idea, making it challenging for many facilities and healthcare organizations to consider it as a viable solution.

Competitive Landscape for 3D Printed Implants Market in Philippines

Key Players

• 3D Systems Corporation
• Stratasys Ltd.
• Materialise NV
• Stryker Corporation
• Zimmer Biomet Holdings, Inc.
• Johnson & Johnson Services, Inc.
• Medtronic plc
• EOS GmbH
• Renishaw plc
• GE Additive

Recent Developments

September 2023, DeGen Medical, Inc. has launched the Solar AM implant, a new addition to their Puri-Ti portfolio for anterior lumbar interbody fusion (ALIF) procedures. This spinal implant features a proprietary additive manufacturing process, setting a new industry standard with innovative features.

August 2023, Theken Companies, an Ohio-based medical implant conglomerate, has acquired VisionAir Solutions, a spinout from the Cleveland Clinic. VisionAir’s flagship technology produces 3D-printed airway stents tailored to each patient’s anatomy

Healthcare Policies and Regulatory Landscape for 3D Printed Implants Market in Philippines

Policy changes and Reimbursement scenario

It is important to know that the use of 3D printed implants is still in its early days and while governments and major bureaus are trying to adapt legislation to accommodate such technology the major regulatory organizations such as the U. S. FDA are establishing guidelines in order to assure safety and effectiveness of implant usage. This is important in gaining confidence with clinician and the patients on the application of telemedicine. As for the reimbursement, there is the awareness of many patients requiring reimbursement for 3D printed implants and this has been noted as a concern especially with increased adoption of value-based care. The two major health insurers of the Americans, Medicare and Medicaid are now in the process of implementing these technologies into their payment methodologies to make patients have easy access. Also, the global work towards increasing regulatory comparability will support a quicker market presence’s improvements which will help patients from all around the world.