What is the global market size of the Medical 3D Printing Market?

Global Medical 3D Printing Market size was valued at USD 2.4 billion in 2021 and USD 2.79 billion in 2022 and it is expected to reach USD 9.41 billion by 2030, at a CAGR of 16.4% during the forecast period (2023-2030).

Medical 3D Printing Market Size, Share, Growth Analysis, By Product(Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting), By Technology(Surgical Guides, Surgical Instruments, Standard Prosthetics and Implants, Custom Prosthetics and Implants), By Application(Hospitals and Surgical Centers, Dental and Orthopedic Clinics, Academic Institution and Research Laboratories, Pharma-Biotech and Medical Device Companies), By Region - Industry Forecast 2024-2031

Report ID: SQMIG35G2100 | Region: Global | Published Date: July, 2024
Pages: 157 | Tables: 101 | Figures: 71

Medical 3D Printing Market News

In April 2021, 3D Systems (US) launched titanium- and nylon-made patient-specific VSP Hybrid Guides for maxillofacial procedures.

In March 2021, Stratasys Ltd. (US) Introduced the J5 DentaJet 3D Printer PolyJet printer for dental laboratories.

Medical 3D Printing Market Report Snapshots

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Medical 3D Printing Market was valued at USD 4.41 billion in 2022, and is poised to grow from USD 5.13 billion in 2023, to USD 17.30 Billion by 2031 at a CAGR of 16.40% during the forecast period (2024-2031).

Due to the presence of numerous manufacturing companies in the nation, the market for 3D printed medical devices is highly fragmented .By investing in R&D, incorporating cutting-edge technology into their products, and bringing new products to market, market leaders maintain their dominance. Partnerships, strategic alliances, agreements, mergers, and other strategies are employed. 'Stratasys', 'EnvisionTEC', 'Koninklijke Philips N.V', '3D Systems Inc,', 'EOS', 'Renishaw Plc', 'Materialize', '3T Additive Manufacturing Ltd', 'General Electric', 'Carbon Inc', 'Prodways Group', 'SLM Solutions', 'Organovo Holdings', 'Anatomics Pty Ltd', 'FIT AG'

Public-private funding for a variety of initiatives in the 3D printing industry has significantly increased in recent years. The market for medical 3D printing is expected to expand as a result of these kinds of research and funding efforts, which are expected to accelerate the advancement of 3D printing technologies and products. Investment to develop healthcare infrastructure will further boost demand for 3D printing in the medical industry.

With the intention of incorporating technology into the clinical workflow, digitization of dental and medical procedures has advanced significantly over time. Digital dentistry and surgeries are replacing traditional ones in the industry. The use of computer-controlled processes to create a physical object directly from a digital design is known as direct digital manufacturing. Direct digital manufacturing is becoming a technology that is used a lot more than traditional methods of manufacturing because of advances in 3D printing. Because it eliminates the need to invest in tooling, shortens the period of time between design and production, and boosts production, it provides a distinct set of advantages.

North America is anticipated to maintain its dominance throughout the forecast period. Due to the three major North American nations that are taken into account in the United States, Canada, and Mexico, The overall market for 3D printing in healthcare is dominated by North America and is expected to remain so throughout the forecast period. This is due to numerous collaborations between academic and commercial organizations in this region and widespread adoption of 3D printing technology. This region's dominance has also been aided by advances in 3D printing technology, an increase in funding for their development, and an increase in the number of patients there. The market's expansion is fueled by the rise in acquisition, product launch, and approval by key players operating in North America.

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Medical 3D Printing Market News

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