USD 2.80 Billion
3D Printing Medical Devices Market Size, Share, Growth Analysis, By Product (Equipment, Materials, Services, and Software), By Technology (Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-based Technologies, Electron Beam Melting), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG35A2617 |
Region:
Global |
Published Date: April, 2024
Pages:
219
|Tables:
67
|Figures:
75
3D Printing Medical Devices Market Insights
Global 3D Printing Medical Devices Market size was valued at USD 2.80 Billion in 2022 and is poised to grow from USD 3.28 Billion in 2023 to USD 11.59 Billion by 2031, at a CAGR of 17.1% during the forecast period (2024-2031).
The purpose of the market is to provide innovative and personalized medical devices that can be tailored to individual patients' needs. 3D printing allows for the production of complex structures and geometries that are challenging or impossible to achieve with traditional manufacturing methods. This opens up possibilities for the creation of patient-specific implants, prosthetics, surgical instruments, and anatomical models for preoperative planning and medical education. A major driving factor for the global 3D printing medical devices market is the growing demand for customized healthcare solutions. Each patient has unique anatomical characteristics, and personalized medical devices can offer better outcomes and improved patient satisfaction.
3D printing technology enables healthcare providers to create patient-specific implants and prosthetics that fit precisely and enhance functionality. There are certain restraining factors and challenges in the market. One of the main challenges is the regulatory landscape surrounding 3D printing medical devices. Ensuring the safety, efficacy, and quality of these devices is crucial, and regulatory bodies are continuously working to establish guidelines and standards for their production and use. Compliance with these regulations can pose challenges for manufacturers and may affect market growth. The global 3D printing medical devices market offers significant opportunities. The technology allows for on-demand production, reducing the need for inventory and enabling faster delivery of customized devices. It also enables the integration of advanced functionalities, such as drug delivery systems and biosensors, into medical devices.
Furthermore, ongoing advancements in 3D printing materials and technologies are expanding the possibilities for creating more complex and biocompatible devices. The global 3D printing medical devices market is driven by the demand for personalized healthcare solutions. While facing challenges related to regulation and cost, the market presents opportunities for on-demand production and integration of advanced functionalities. The continued advancements in 3D printing technology and materials hold promise for transforming the medical device industry and improving patient care.
US 3D Printing Medical Devices Market is poised to grow at a sustainable CAGR for the next forecast year.
Market snapshot - 2024-2031
Global Market Size
Largest Segment
Equipment
Fastest Growth
Equipment
Growth Rate
17.1% CAGR
Global 3D Printing Medical Devices Market ($ Bn)
Country Share for North America Region (%)
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3D Printing Medical Devices Market Segmental Analysis
The global 3D printing medical devices market is segmented on the basis of product, technology, and region. By product, the market is segmented into equipment, materials, services, and software. By technology, the market is segmented into laser beam melting, photopolymerization, droplet deposition/extrusion-based technologies, electron beam melting, three-dimensional printing/adhesion bonding/binder jetting, and other technologies. By region, the market is segmented into North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
3D Printing Medical Devices Market Analysis by Product
The largest segment is the laser beam melting technology in 2022. Laser Beam Melting, also known as Selective Laser Melting (SLM), is a popular additive manufacturing technique used for creating complex medical devices with precision and accuracy. This technology utilizes a high-powered laser beam to selectively melt and fuse metal powders, layer by layer, to create intricate 3D structures.
The fastest-growing segment, Photopolymerization technology stands out. This technology utilizes liquid photopolymer resins that are cured using UV light or other light sources to create 3D printed medical devices. With its ability to produce highly detailed and intricate designs, Photopolymerization technology is gaining traction in applications such as dental prosthetics, orthopedic models, and surgical guides. The growing demand for dental and orthopedic applications, along with advancements in photopolymer materials, is driving the rapid growth of this segment.
3D Printing Medical Devices Market Analysis by Technology
The largest segment is the "Equipment" category, which encompasses the 3D printers and related hardware used in the manufacturing process. This segment holds a significant share of the market due to the critical role played by high-quality and advanced equipment in producing precise and complex medical devices. The demand for state-of-the-art 3D printers is driven by the growing adoption of additive manufacturing technologies in the healthcare sector.
The "Services" segment is the fastest-growing segment in the global 3D printing medical devices market share. This segment includes various services such as design and modeling, printing, post-processing, and quality control. As the adoption of 3D printing in the medical field continues to expand, healthcare providers and device manufacturers are increasingly outsourcing these services to specialized firms that offer expertise and resources in 3D printing. This allows them to focus on their core competencies while leveraging the benefits of additive manufacturing.
Global 3D Printing Medical Devices Market By Product
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3D Printing Medical Devices Market Regional Insights
North America dominates the market in 2022 due to its established healthcare infrastructure, strong presence of industry players, and early adoption of 3D printing technology. The region is characterized by significant investments in research and development, collaborations between academic institutions and industry players, and favorable reimbursement policies. These factors have created a conducive environment for the 3D printing medical devices market growth in North America.
Asia Pacific is the fastest-growing region in the global 3D printing medical devices market share, primarily driven by factors such as increasing healthcare spending, expanding patient population, and growing awareness about the benefits of 3D printing technology in medical applications. The region has witnessed a surge in demand for customized medical devices, personalized implants, and tissue engineering, which has stimulated the adoption of 3D printing in the healthcare sector. Additionally, government initiatives promoting the adoption of advanced healthcare technologies and favorable regulatory frameworks are further propelling the 3D printing medical devices market growth in Asia Pacific.
Global 3D Printing Medical Devices Market By Region
- Largest
- Fastest
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3D Printing Medical Devices Market Dynamics
3D Printing Medical Devices Market Drivers
Advancements in 3D Printing Technology
- The continuous advancements in 3D printing technology have expanded the possibilities in the medical field. With improved printing capabilities, such as high precision and accuracy, and the ability to print complex structures, 3D printing has become an attractive option for manufacturing medical devices. For example, in 2022, Stratasys Ltd., a leading 3D printing company, introduced the J5 MediJet™ 3D printer, specifically designed for medical and dental applications. The printer enables the production of anatomical models, surgical guides, and other medical devices with enhanced accuracy and efficiency.
Rising Demand for Personalized Healthcare Solutions
- There is a growing demand for personalized healthcare solutions tailored to individual patient needs. 3D printing enables the production of customized medical devices, implants, and prosthetics that perfectly match the patient's anatomy. This personalized approach improves treatment outcomes, patient satisfaction, and overall healthcare efficiency. In 2022, Materialize NV, a prominent player in the 3D printing medical devices market, launched personalized knee guides for total knee arthroplasty, allowing surgeons to achieve precise alignment and optimize patient-specific outcomes.
3D Printing Medical Devices Market Restraints
High Costs of 3D Printing Systems
- The initial investment and ongoing operational costs associated with 3D printing systems can be substantial. The high costs of equipment, materials, and software may limit the adoption of 3D printing technology, especially in resource-constrained healthcare settings. However, as the technology evolves and becomes more accessible, the costs are expected to decrease over time.
Regulatory Challenges
- The regulatory landscape for 3D printing medical devices is still evolving and varies across different regions. Obtaining regulatory approvals and ensuring compliance with quality standards can be a complex and time-consuming process. Stricter regulations and quality control requirements are necessary to ensure patient safety and product efficacy, but they can pose challenges for market players.
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3D Printing Medical Devices Market Competitive Landscape
The global 3D printing medical devices market is highly competitive, with several key players vying for market share. These companies are focused on research and development activities, strategic partnerships, and product innovations to gain a competitive edge in the market. The competitive landscape of the 3D printing medical devices market is characterized by intense competition, technological advancements, and a focus on meeting the specific needs of the healthcare industry. Companies are investing in research and development activities to enhance their product portfolios and offer customized solutions. Strategic collaborations and partnerships with healthcare organizations, research institutions, and regulatory bodies are also common strategies to expand market reach and drive innovation.
3D Printing Medical Devices Market Top Player’s Company Profiles
- Stratasys Ltd. (US)
- EnvisionTEC (US)
- Materialize NV (Belgium)
- GE Additive (US)
- EOS GmbH (Germany)
- SLM Solutions Group AG (Germany)
- Formlabs (US)
- Renishaw plc (UK)
- Organovo Holdings Inc. (US)
- Carbon, Inc. (US)
- Concept Laser GmbH (Germany)
- HP Inc. (US)
- Desktop Metal Inc. (US)
- Arcam AB (Sweden)
- Prodways Group (France)
- Voxeljet AG (Germany)
- Markforged Inc. (US)
- Medtronic plc (Ireland)
- Stratasys Direct Manufacturing (US)
3D Printing Medical Devices Market Recent Developments
- In May 2022, Prodways Group launched the H100, which is a 3D printer that can print medical devices with high resolution and accuracy.
- In April 2022, EOS GmbH Electro Optical Systems launched the EOS P 770, which is a 3D printer that can print medical devices with high strength and durability.
- In March 2022, EnvisionTEC GmbH launched the Perfactory 2, which is a 3D printer that can print dental implants.
- In February 2022, Materialize NV launched the Mimics Innovation Suite, which is a software platform that can be used to design and print custom medical devices.
3D Printing Medical Devices Key Market Trends
Collaboration between Industry and Healthcare Institutions:
- To accelerate innovation and expand the applications of 3D printing in healthcare, there is an increasing trend of collaboration between industry players and healthcare institutions. Partnerships between 3D printing companies, hospitals, and research centers facilitate knowledge exchange, access to patient data, and validation of new technologies, leading to the development of more advanced and clinically validated medical devices.
Adoption of Biofabrication Techniques:
- Biofabrication, which involves the use of 3D printing to create functional living tissues and organs, is gaining momentum in the medical field. Researchers and companies are exploring bioinks and biomaterials to print complex tissue structures for applications such as regenerative medicine and drug discovery. The ability to 3D print patient-specific tissues and organs has the potential to revolutionize organ transplantation and personalized medicine in the future.
3D Printing Medical Devices Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global 3D printing medical devices market analysis, this technology offers several advantages such as precise customization, faster production, cost-effectiveness, and improved patient outcomes. The market for 3D printing medical devices is being driven by various factors. Firstly, the rising demand for personalized medical solutions is fuelling the adoption of 3D printing technology. Patients can benefit from customized implants and prosthetics that perfectly fit their unique anatomy, leading to better functionality and comfort. Secondly, advancements in 3D printing technology, including improved printing materials and software, are expanding the scope of applications in the medical field. This has led to the development of complex structures and intricate designs that were previously difficult to achieve. The global 3D printing medical devices market is witnessing rapid growth due to the demand for personalized medical solutions and advancements in technology. While there are challenges to overcome, the market holds immense potential for innovation and improved patient care.
| Report Metric | Details |
|---|---|
| Market size value in 2022 | USD 2.80 Billion |
| Market size value in 2031 | USD 11.59 Billion |
| Growth Rate | 17.1% |
| Base year | 2023 |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
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| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on 3D Printing Medical Devices Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on 3D Printing Medical Devices Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the 3D Printing Medical Devices Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the 3D Printing Medical Devices Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the 3D Printing Medical Devices Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the 3D Printing Medical Devices Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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