Global Medical Printers Market – Industry Trends and Forecast to 2030

 Medical Printers Market Analysis and Size

In May 2016, the United States The FDA identified two broad areas for addressing quality-related issues, verification and validation of pre-marketing approvals for 3D devices as Design and Manufacturing Considerations and Device Testing Considerations. The US FDA has emphasized the importance of assessing material control, 3D printer, and post-printing processes for successfully evaluating device performance. According to the FDA, the United States Mechanical testing for 3D printed devices should take into account the device's build orientation relative to the 3D printer. In the global 3D printed medical devices market, increased R&D in biocompatible materials and devices is expected to offer lucrative growth opportunities.

Data Bridge Market Research analyses that the medical printers market which was USD 2 billion in 2022, is expected to reach USD 8.60 billion by 2030, at a CAGR of 20.0% during the forecast period 2023 to 2030. In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include depth expert analysis, patient epidemiology, pipeline analysis, pricing analysis, and regulatory framework.

Medical Printers Market Scope and Segmentation      

Market Definition

Medical film printers are devices that generate medical images for use in diagnosis and treatment. The images are created using photographic, laser or other light-sensitive materials. The images can be used for X-rays, mammograms, ultrasounds, and CT scans, among other things. There are several types of medical film printers available on the market.

Global Medical Printers Market Dynamics

Drivers

• Rising use of 3D printing

3D printing is increasingly being used to develop various parts of ventilators, which helps the healthcare medical printers market to expand. Several studies are also being conducted to determine the extent to which coronavirus affects major body organs. As a result, it can be used in organ generation more frequently, further fuelling the market. It is also expected that as healthcare institutions open up for non-essential surgeries and implants, safety protocols surrounding implant production methods will be implemented and positively impact the market.

• Successful implementation of 3D printing in various applications

Healthcare 3D printing applications have expanded significantly. 3D printing is primarily used to create bones, jawbones, hearing aids, cell cultures, exoskeletons, windpipes, eyeglasses, tissues, stem cells, blood vessels, vascular networks, organs and new dosage forms and drug delivery devices. Several biotech firms are focusing on the development of tissues and organs for medical research. The growing popularity of the animal rights movement will likely drive the use of 3D printing in pre-human clinical trial phases.

Opportunities

• Technological advancements in 3D printing

3D printing provides numerous technological advancements over traditional manufacturing processes, broadening its applications across industries. Healthcare 3D printing devices are known to be used in tissue engineering, bio printing, and burn surgery. Such technology has enabled 3D printing to create layers of human skin, preserving the lives of people who have been in critical accidents and have suffered severe injuries. Several hospitals have been observed to have adopted such devices, resulting in increased demand for such technologically advanced devices, positively influencing the market. Several industry players have concentrated their efforts on R&D activities to introduce certain healthcare innovations. Ease and convenience provided by such technology holds significant potential to largely improve human health, thereby propelling the industry growth.

Restraints/Challenges

• Shortage of skilled labour

The adoption of healthcare 3D printing represents a paradigm shift in design and manufacturing technologies. As a result, well-trained engineers and technicians are critical to expanding the use of such technology. Many innovative technologies have outpaced the overall manufacturing workforce's ability to adapt, and several manufacturers have begun the struggle to find skilled workers.

• High cost of medical printer device

High cost associated with the usages of device are acting as market restraints for the growth of the medical printers in the above mentioned forecast period.

This medical printers 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 medical printers 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 the Medical Printers Market

The COVID-19 pandemic is an unprecedented global public health challenge that is expected to harm medical printers. The COVID-19 pandemic and the challenges it triggered, such as a weak micro environment and a global pause in capital investments, significantly impacted revenue. Non-elective surgeries were postponed in order to prioritise COVID-19 treatment, affecting the market.

The growing number of COVID-19 cases around the world has compelled authorities to restrict the movement of people and goods across borders. This had a significant impact on the growth of each sector and industry. Sales have declined across the board, from large corporations to small businesses. There has been an increase in demand for healthcare 3D printing. When the COVID-19 pandemic hit, several countries reported a shortage of ventilators, among other things.

Recent developments

• In January 2021, ZARE, an Italian 3D printing service bureau, acquired a majority stake in dental additive manufacturing specialist Proxera. The acquisition was made to help ZARE break into the industry. While ZARE is closely associated with Sandvik, a multinational engineering company based in Sweden, the investment was also intended to leverage Proxera's technology on a global scale.
• In August 2020, Siemens Healthineers acquired Varian Medical Technologies, Inc. for nearly US$ 16.4 billion. The acquisition aimed to integrate individual companies' 3D printing assets while strengthening the company's overall market presence.

Global Medical Printers Market Scope

The medical printers market is segmented on the basis of type, film type, application, and end use. 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.

Type

• Fused Deposition Modeling (FDM)
• Laser Metal Fusion (LMF)
• Fused Granulate Fabrication (FGF)
• Others

Film Type

• Photographic Film
• CT Film
• Laser Film
• Breast Film
• Dry Film
• Others

End Use

• Hospitals
• Clinics
• Others

Application

• Endoscopy
• Ultrasound
• Radiology
• Print Media

Medical Printers Market Regional Analysis/Insights

The medical printers market is analyzed and market size insights and trends are provided by country, type, film type, application, and end use as referenced above.

The countries covered in the medical printers market report 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 medical printers market because of the rising usages of the medical printers for maintaining detailed and long-lasting record of images captured.

Asia-Pacific is expected to grow at the highest growth rate in the forecast period of 2023 to 2030 owing to the rising number of biomedical applications.

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.

Healthcare Infrastructure Growth Installed base and New Technology Penetration

The medical printers market also provides you with detailed market analysis for every country growth in healthcare expenditure for capital equipment, installed base of different kind of products for medical printers market, impact of technology using life line curves and changes in healthcare regulatory scenarios and their impact on the medical printers market. The data is available for historic period 2011-2021.

Competitive Landscape and Medical Printers Market Share Analysis

The medical printers 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 medical printers market.

Some of the major players operating in the medical printers market are:

• 3D Systems, Inc. (U.S.)
• Sony Europe B.V. (U.K.)
• Zhejiang Flashforge 3D Technology Co., Ltd (China)
• Shining3D (China)
• Guangdong Hanbang 3D Tech Co., Ltd. (China)
• Biograd (U.S.)
• Zortrax (Poland)
• ENVISIONTEC, INC. (U.S.)
• General Electric (U.S.)
• Erpro Group (France)
• Renishaw plc. (U.K.)
• Hangzhou DediBot Intelligent Technology Co., Ltd. (China)
• TRUMPF (Germany)
• Formlabs (U.S.)
• McLantis Group (China)
• FUJIFILM Corporation (Japan) 

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