Global 3D Printed Medical Devices Market – Insights
Medical devices that are manufactured using 3D printing technology are called as 3D printed medical devices. The manufacturing of 3D printed medical devices involves multiple steps that depend upon the type of printing and the complexity of the equipment. Successive layers of objects are attached through a 3D digital file to create these devices. 3D printed medical devices can be tailored to suit the patient’s unique needs and to manufacture anatomical models for medical education and training purposes. 3D printing technology can be used to manufacture various medical products such as implants, surgical instruments, and external prosthetics.
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The manufacturing of 3D printed medical devices involves multiple steps that depend upon the type of printing and the complexity of the equipment. 3D printed medical devices can be tailored to suit the patient’s unique needs and to manufacture anatomical models for medical education and training purposes.
The global 3D printed medical devices market is estimated to account for US$ 1,737.5 Mn in terms of value by the end of 2027.
Global 3D Printed Medical Devices Market: Drivers
Increasing demand for organ transplants is expected to propel growth of the global 3D printed medical devices market over the forecast period. For instance, according to Health Resources and Services Administration’s Healthcare Systems Bureau, over 113,000 people are on the national transplant waiting list in the U.S. as of July 2019.
Global 3D Printed Medical Devices Market: Opportunities
Key players in the market need to focus on implementing design control plan to comply with regulatory requirement in customization of 3D printed medical devices. Moreover, key players can also focus on developing flexible and soft materials mimicking biological tissues to decrease cost of 3D printed medical devices.
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Global 3D Printed Medical Devices Market: Restraints
Development of complex devices using 3D printing can be time-sensitive and requires high-level of expertise. However, there is a lack of lack of skilled workforce, which is impacting the quality of the devices and hindering growth of the market.
The PolyJet / InkJet 3D Printing segment in the global 3D printed medical devices market was valued at US$ 89.3 Mn in 2019 and is expected to reach US$ 348.1 Mn by 2027 at a CAGR of 18.4% during the forecast period. The growth of the segment is attributed to increasing research and development for new product during the forecasted period.
The Orthopedic Implants segment held dominant position in the global 3D printed medical devices market in 2019, accounting for 39.7% share in terms of value, followed by dental implants, respectively. The dominant position of orthopaedic implants is attributed to increasing number of orthopaedic surgeries in developed and developing economies during the forecasted period.
Several governments are focused on implementing guidelines related to licensing of implantable 3D printed medical devices. For instance, in November 2018, Health Canada, the national public health department of the Government of Canada, released a draft guidance document for manufacturers intending to license implantable 3D printed medical devices.
Several governments are also focused on reviewing regulation of personalized and 3d printed medical devices. For instance, in May 2018, Australia’s Therapeutic Goods Administration (TGA) collated the public’s responses to proposed regulatory changes for personalized and 3D printed medical devices.
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- The EU Medical Device law that evaluates the approval of 3D printed medical devices is currently under discussions
- These devices fall under the category of “custom-made medical devices”
- Current areas of focus in the new legislative policy being discussed include, stringent quality control, apart from better design specifications and greater inclusion of support technology
- Formalization of a standard regulatory environment along with harmonized validation process throughout the EU would facilitate the 3-D Printing medical devices industry to develop in a safe and consistent manner, thus guarantying greater patient-safety
Global 3D Printed Medical Devices Market: Competitive Landscape
Major players operating in the global 3D printed medical devices market include, 3D Systems, Inc., Arcam AB, Stratasys Ltd., FabRx Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Cyfuse Biomedical K.K., Bio3D Technologies, PrinterPrezz, Carima, Nexxt Spine, and Aurora Labs.
Global 3D Printed Medical Devices Market: Key Developments
- In January 2019, PrinterPrezz, a 3D printing service bureau based in the U.S. and specializing in the medical sector, partnered with Growshapes LLC, a distributor of 3D scanners, to help in its development of medical devices
- In November 2019, Carima, a 3D printer manufacturer, launched a new large-scale DLP 3D printer, DM400d, for producing dental models.
Global 3D Printed Medical Devices Market Taxonomy
The global 3d printed medical devices market is segmented into product type, raw material, technology, end user, and geography
By Product Type –
- Cranial implants
- Orthopedic implants
- Dental implants
- Surgical Instruments
- Tissue Engineering Devices
- Bone and cartilage scaffolds
- Ligament and tendon scaffolds
By Raw Material Type –
- Biomaterial Inks
- Metals and Alloys
By Technology –
- Fused Deposition Modeling (FDM)
- Digital Light Processing (DLP)
- Stereolithography (SLA)
- Selective Laser Melting (SLM)
- Electron Beam Melting (EBM)
- Multi Jet Fusion (MJF)
By End-User –
- Diagnostic centers
- Academic institutions
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