3D Printing Medical Devices Market Top Key Players, Geographical Expansion, Future Development & Forecast 2022-2030
3D Printing Medical
Devices Market Overview
Global
3D Printing Medical Devices Market Size was valued at USD 1.1 billion in 2022
and is projected to grow from USD 1.42 Billion in 2023 to USD 6.86 billion by
2030, exhibiting a compound annual growth rate (CAGR) of 29.9% during the
forecast period (2023 - 2030). The report also covers several
market aspects to understand, which way the market would swing in the coming
days.
The global market for 3D printing medical devices can
experience the impacts of government funding and various private investors. But
its biocompatibility issues can deter the market growth. Global 3D Printing Medical Devices Market is anticipated to
grow due to influential factors such as the increase in investment by the
growing use of 3D printing device in the healthcare industry the governments
towards the healthcare sector, rising technological advancements in 3D
printing, and easy production of medical devices.
3D printing has a
benefit of of creating product with great precision and in much less time. In
addition it curbs the final cost significantly and can be customized as per the
need. The recent advents of the technology in various segments like dental,
orthopedic, and others are expected to make substantial space for the market to
proliferate. The technology is gaining mileage by impacting sectors
like the creation of limb prosthetics, titanium replacements for hips
& jaws, manufacturing of plastic tracheal splints, etc.
3D Printing Medical Devices Market Segmentation
The
global market for 3D printing medical devices has been segmented into types,
component, technology, application, end-users, and regions.
Based
on types, the global 3D printing medical device market has been segmented into
prosthetics & implants, surgical guides, surgical instruments, and tissue
engineering product. The surgical guide segment has been assessed to account
for the largest market share in the type segment over the forecast period, due
to its advantage of providing accurate implant restoration, resulting in a rise
in the demand for the surgical guide has been increasing, and this is a crucial
factor driving the growth of this market segment.
Based
on the component, the market for 3D printing medical devices has been segmented
into the 3D bioprinter, 3D printer, materials, software & services, and
system. Software & services segment is projected to account for the largest
market share in the component segment over the forecast period, due to the
increase in advancements in the software solutions for manufacturing
high-quality 3D-printed medical products.
On
the basis of technology, the 3D printing medical device market has been
segmented into 3D printing, droplet deposition, electron beam melting (EBM),
laminated object manufacturing (LOM), laser beam melting, photopolymerization,
poly-jet technology, and others. Photopolymerization segment has been assessed
to account for the largest market share in the technology segment over the
forecast period.
Based
on application, the global market for 3d printing medical device has been
segmented into clinical study devices, external wearable devices, implants, and
tissue engineering. The external wearable devices segment assessed to account
for the largest market share in the application segment over the forecast
period.
By
end-users, the market has been segmented into academic institutions, contract
research organization, hospitals, medical and surgical centers, and pharma and
biotech companies. The medical and surgical centers segment has been assessed
to account for the largest market share in the end-user segment over the
forecast period, due to the increase in the patient
population and decrease in surgical and infection risks.
Based
on the region, the market has been segmented into the Americas, Europe, Asia
Pacific, and the Middle East and Africa.
3D Printing Medical Devices Market Regional Analysis
North
America has been expected to dominate the global 3D printing medical device
market over the forecast period, due to the growth in the demand for organ
transplant surgeries in the region, and the increase in investments made by the
government towards the research and development of advanced 3D printing technologies.
Europe
is the second-largest regional market for 3D printing medical devices, owing to
favorable government investments, rise in research and development.
Additionally, the changing lifestyles of consumers have led to an increase in
patient population and number of surgeries, consequently contributing to the
growth of the 3D printing medical device market in the region.
Asia-Pacific
has been assessed to grow as the fastest-growing region in the 3D printing
device market through the forecast period, due to the growing prevalence of
chronic diseases such as diabetes, blood pressure disorders among others, the
increasing investments in the healthcare sector by the government, and increase
in the geriatric population.
The
Middle East & Africa region has been accounted for the comparatively
smallest market share in the global 3D printing medical devices market owing to
a healthcare sector that needs improvement, lack of medical knowledge, and
inadequate medical facilities.
Key Players
The
key players identified in the global 3D printing medical devices market
Players are
3D Systems Corporations, 3T RPD Ltd., Arcam AB, Bio3D Technologies,
EnvisionTEC, Cyfuse Medical K.K.EOS GmbHConcept, Laser GmbH, Materialise NV,
Organovo Holdings, Inc., Oxford Performance Materials, Inc., Renishaw plc,
Prodways Group, Stratasys Ltd., and SLM Solutions Group AG.
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