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Global 3D Printing Medical Devices Market – Industry Trends and Forecast to 2029

  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220
  • Semiconductors and Electronics
  • Upcoming Report
  • Mar 2022
  • Global
  • 350 Pages
  • No of Tables: 60
  • No of Figures: 220

Global 3D Printing Medical Devices Market, By Product (Equipment, Materials, Services and Software), Technology (Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-based Technologies, Electron Beam Melting, Three-dimensional Printing/Adhesion Bonding/Binder Jetting, Other Technologies), Application (Surgical Guides, Surgical Instruments, Standard Prosthetics and Implants, Custom Prosthetics and Implants, Tissue-Engineered Products, Hearing Aids, Wearable Medical Devices, Other Applications), End User (Hospitals and Surgical Centers, Dental and Orthopedic Clinics, Academic Institutions and Research Laboratories, Pharma-Biotech and Medical Device Companies, Clinical Research Organizations) – Industry Trends and Forecast to 2029.

3D Printing Medical Devices Market

Global 3D Printing Medical Devices Market Analysis and Size

3D printing technology is increasingly being used by a wide range of industry verticals and healthcare industry is one of them. 3D printing technology here is used to manufacture the medical devices and equipment that in turn are used in the healthcare procedures and operations. 3D printing technology offers greater benefits over conventional manufacturing process.

  • Data Bridge Market Research analyses that the 3D printing medical devices market is expected to undergo a CAGR of 18.72% during the forecast period. This indicates that the market value, which was USD 2.40 billion in 2021, would rocket up to USD 9.47 billion by 2029. “Services and Software” dominates the product segment of the 3D printing medical devices market owing to the cost-effectiveness, utility, uniformity, and accuracy offered by services and software.   

Global 3D Printing Medical Devices Market Definition

From the name itself, it is clear that 3D printing medical devices are the medical products that are manufactured using 3D technology. This involves the application of various number of different manufacturing methods/techniques that are primarily based on creating a digital file/image of the object to be manufactured before a number of different methods.            

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2019 - 2014)

Quantitative Units

Revenue in USD Million, Volumes in Units, Pricing in USD

Segments Covered

Stratasys Ltd. (Israel), EnvisionTEC (US), Koninklijke Philips N.V. (Netherlands), 3D Systems, Inc. (US), EOS (US), Renishaw plc (UK), Materialise (Belgium), 3T Additive Manufacturing Ltd. (US), GENERAL ELECTRIC COMPANY (US), Carbon, Inc. (US), Prodways Group (France), SLM Solutions (Germany), Organovo Holdings Inc. (US), Anatomics Pty Ltd (Australia), Groupe Gorgé (France), Cyfuse Biomedical K.K. (Tokyo), FIT AG (Germany), and Wacker Chemie AG (Germany)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America

Market Players Covered

Cord Blood Registry Systems (US), Cordlife Group Limited (Singapore), Cryo-Cell International (US), ViaCord (US), Cryo-Save AG (Netherlands), LifeCell International (India), StemCyte (US), Global Cord Blood Corporation (China), Smart Cells International (UK), Vita34 AG (Germany), Abbott (US), BD (US), Takara Bio Inc. (Japan) and CryoHoldco (Mexico)    

Market Opportunities

  • Growth in the awareness about the benefits of 3D printing technology
  • Increasing number of orthopaedic disorders
  • Rising research and development opportunities

3D Printing Medical Devices Market Dynamics

Drivers

  • Rising prevalence of surgical procedures

Growing prevalence of surgical procedures owing to various reasons all around the globe is one of the major factors responsible for the growth of the market. In other words, rising incidence rate of road accidents, kidney stones and others is directly inducing growth of the market.   

  • Research and development proficiencies

Rising expenditure for research and development proficiencies especially in the developed and developing economies will further create lucrative market growth opportunities. Research and development proficiencies being conducted for the development of medial devices is also bolstering the market growth rate.

  • Growing development of healthcare infrastructure  

Surging number of public private partnerships for the development of healthcare facilities and infrastructure especially in the developing economies is fostering the growth of the market. Rising introduction of novel technologies for the preservation of stem cells and their storage as a collaborative effort of public and private players is further bolstering the growth of the market.     

Opportunities

Furthermore, upsurge in the public-private funding for target research activities, rising awareness about the benefits of 3D printing technology, rise in the incidence of orthopedic and dental diseases among population, availability of advanced 3D printing materials for dental and medical applications, rising geriatric population base and rising product innovations and development owing to technological advancements all around the world will extend profitable opportunities for the market players in the forecast period of 2022 to 2029. Additionally, rise in direct digital manufacturing, growing applications of 3D printing in the healthcare industry and increasing per capita expenditure on health care will further expand the market's growth rate in the future.  

Restraints/Challenges Global 3D Printing Medical Devices Market

On the other hand, high cost associated with the research and development proficiencies, limited infrastructural facilities, uneven distribution of medical services and dearth of awareness in the backward economies are expected to obstruct market growth. Also, lack of favorable reimbursement scenario and technology penetration in the developing economies, high capital investment and operating costs, stringent regulatory framework, limited insurance coverage and regulatory compliance, and lack of suitable infrastructure in low- and middle-income countries are projected to challenge the market in the forecast period of 2022-2029.

This 3D printing medical devices market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the 3D printing medical devices market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on 3D Printing Medical Devices Market

COVID-19 had a negative impact on the market. This is because of the significant disruptions experienced by their respective manufacturing companies in the pandemic era. Also, disruptions in the supply-chain operations as a result of various precautionary lockdowns further restricted the growth in this phase. Further the aim of individuals to reduce the non-essential expenses in this pandemic phase narrowed down the scope of growth. Also, restrictions imposed on the movement further created hindrances. However, the future of the market is in good shape.

Recent Development

  • In September 2020, nTopology (US) raised funding of USD 40 million for the development of the nTop software platform for additive manufacturing processes. This will prove to be profitable in the long run.

Global 3D Printing Medical Devices Market Scope

The 3D printing medical devices market is segmented on the basis of product, technology, application and end user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

  • Equipment
  • Materials
  • Services and Software

On the basis of product, the 3D printing medical devices market is segmented into equipment, materials, and services and software. Equipment is further segmented into 3D printers and 3D bioprinters. Materials are further segmented into plastics, metals and metal alloys, biomaterials, ceramics, paper, wax and other materials. Plastics are further sub-segmented into thermoplastics and photopolymers.

Technology

  • Laser Beam Melting
  • Photopolymerization
  • Droplet Deposition/Extrusion-based Technologies
  • Electron Beam Melting
  • Three-dimensional Printing/Adhesion Bonding/Binder Jetting
  • Other Technologies

On the basis of technology, the 3D printing medical devices 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. Laser beam melting is further segmented into direct metal laser sintering, selective laser sintering, selective laser melting and LaserCUSING. Photopolymerization is further segmented into digital light processing, stereolithography, two-photon polymerization and polyjet 3D printing. Droplet deposition/extrusion-based technologies are further segmented into fused deposition modeling, multiphase jet solidification, low-temperature deposition manufacturing and microextrusion bioprinting.

Application

  • Surgical Guides
  • Surgical Instruments
  • Standard Prosthetics and Implants
  • Custom Prosthetics and Implants
  • Tissue-Engineered Products
  • Hearing Aids
  • Wearable Medical Devices
  • Other Applications

On the basis of application, the 3D printing medical devices market is segmented into surgical guides, surgical instruments, standard prosthetics and implants, custom prosthetics and implants, tissue-engineered products, hearing aids, wearable medical devices and other applications. Surgical guides are further segmented into dental guides, craniomaxillofacial guides, orthopedic guides and spinal guides. Surgical instruments are further segmented into surgical fasteners, scalpels and retractors. Custom prosthetics and implants are further segmented into orthopedic implants, dental prosthetics and implants and craniomaxillofacial implants. Tissue-engineered products are bone and cartilage scaffolds and ligament and tendon scaffolds.

End user

  • Hospitals and Surgical Centers
  • Dental and Orthopedic Clinics
  • Academic Institutions and Research Laboratories
  • Pharma-Biotech and Medical Device Companies
  • Clinical Research Organizations

On the basis of end user, the 3D printing medical devices market is segmented into hospitals and surgical centers, dental and orthopedic clinics, academic institutions and research laboratories, pharma-biotech and medical device companies and clinical research organizations.

3D Printing Medical Devices Market Regional Analysis/Insights

The 3D printing medical devices market is analysed and market size insights and trends are provided by country, product, technology, application and end user as referenced above.

The major countries operating in the 3D printing medical devices market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the 3D printing medical devices market because of the strong base of healthcare facilities, and rising number of research activities in this region.  

Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increase in government initiatives to promote awareness, rise in medical tourism, growing research activities in the region, availability of massive untapped markets, large population pool, and the growing demand for quality healthcare in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and 3D Printing Medical Devices Market Share Analysis

The 3D printing medical devices market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to 3D printing medical devices market.

Some of the major players operating in the 3D printing medical devices market are:

  • Stratasys Ltd. (Israel)
  • EnvisionTEC (US)
  • Koninklijke Philips N.V. (Netherlands)
  • 3D Systems, Inc. (US)
  • EOS (US)
  • Renishaw plc (UK)
  • Materialise (Belgium)
  • 3T Additive Manufacturing Ltd. (US)
  • GENERAL ELECTRIC COMPANY (US)
  • Carbon, Inc. (US)
  • Prodways Group (France)
  • SLM Solutions (Germany)
  • Organovo Holdings Inc. (US)
  • Anatomics Pty Ltd (Australia)
  • Groupe Gorgé (France)
  • Cyfuse Biomedical K.K. (Tokyo)
  • FIT AG (Germany)
  • Wacker Chemie AG (Germany)    

Research Methodology : Global 3D Printing Medical Devices Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your inquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts https://www.databridgemarketresearch.com/speak-to-analyst/?dbmr=global-3d-printing-medical-devices-market


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Frequently Asked Questions

The 3D Printing Medical Devices Market is expected to value USD 9.47 billion by 2029.
The 3D Printing Medical Devices Market is Projected to Grow at a CAGR of 18.72% During the Forecast Period of 2022 to 2029.
Stratasys Ltd. (Israel), EnvisionTEC (US), Koninklijke Philips N.V. (Netherlands), 3D Systems, Inc. (US), EOS (US), Renishaw plc (UK), Materialise (Belgium), 3T Additive Manufacturing Ltd. (US), GENERAL ELECTRIC COMPANY (US), Carbon, Inc. (US), Prodways Group (France), SLM Solutions (Germany), Organovo Holdings Inc. (US), Anatomics Pty Ltd (Australia), Groupe Gorgé (France), Cyfuse Biomedical K.K. (Tokyo), FIT AG (Germany), and Wacker Chemie AG (Germany) are the Major Companies Operating in 3D Printing Medical Devices Market.
U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
The 3D Printing Medical Devices Market Report Curated by the Data Bridge Market Research Team Includes In-Depth Expert Analysis, Patient Epidemiology, Pipeline Analysis, Pricing Analysis, and Regulatory Framework.