3D Printing Medical Devices Market Overview
The high incidence of dental and orthopedic diseases, expanding public-private funding for 3D printing activities, the ease of developing customized medical products using 3D printing motivates the overall development. By 2027, the 3D printing medical devices market is predicted to grow at a CAGR of nearly 29.9%, reaching USD 4.6 billion in revenue, says Market Research Future (MRFR).
The application of modern 3D printing materials for health and dental applications, growing cases of 3D printing in the healthcare industry, and the growing preference for 3D-printed products in the pharmaceutical and cosmetics industries are the crucial factors supporting the market’s growth. The digitization of operations and dentistry and has advanced over time, with a strong focus on improving the clinical process flow through innovation consolidation, promoting growth opportunities for the market.
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3D Printing Medical Devices Market Segmental Analysis
The 3D printing medical devices market includes surgical instruments, surgical guides, prosthetic & implants tissue engineering products by type. By components, the 3D printing medical devices market includes system materials, 3D bioprinter, software & services, and 3D printers. By technology, the 3D printing medical devices market includes laser beam melting electron beam melting (EBM), 3D printing droplet deposition photopolymerization, laminated object manufacturing, and polyjet technology. By region, the 3D printing medical devices market includes Europe, the Americas, Asia-Pacific, and Middle Eastern region and Africa. By application, the 3D printing medical devices market includes clinical study devices, external wearable devices, and implants tissue engineering. The 3D printing medical devices market includes pharma and biotech companies, hospitals medical and surgical centers, academic institutions, and end-user contract research organizations.
3D Printing Medical Devices Market Regional Analysis
Due to many healthcare institutions in the region, North America leads the 3D printing medical equipment industry. Due to the rising installation base of 3D printers in healthcare facilities, Asia-Pacific is likely to grow considerably during the forecast period. The establishment of unique 3D printing research, academic institutions, training facilities, and initiatives by leading important suppliers to extend their distribution systems and product portfolio in the region are driving 3D printing medical devices market expansion.
3D Printing Medical Devices Market Competitive Analysis
During the projection period, online commerce’s reliance on sales will grow dramatically, pushing industry participants to devote more to its development. The emphasis on collecting reserves of assets to respond to emerging catastrophes is expected to impact future market developments. The encouraging feedback on introducing a COVID-19 vaccine will give companies more confidence in their prospects. The alteration of supply chain remarks is expected to affect market participants’ overall expansion positively. In the coming years, government assistance will likely aid global market development. The market may have restrained expansion due to the recurrence of COVID episodes in several areas. If inputs such as workforce and supply chains become adversely damaged by the continued occurrence of periodic lockdowns in several regions, market expansion may be restricted.
The vital companies in the 3D Systems Corporations, Laser GmbH, Stratasys Ltd., Prodways Group, Materialise NV, Arcam AB, Organovo Holdings, Inc., EnvisionTEC, Oxford Performance Materials, Inc., Renishaw plc, SLM Solutions Group AG, Bio3D Technologies, Cyfuse Medical K.K.EOS GmbHConcept, and 3T RPD Ltd.
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3D Printing Medical Devices Industry News:
Glia, a well-known maker of 3D-printed medical products, is contributing to the present crisis by encouraging all medical professionals with a 3D printer to download, print, and donate the free 3D-printed tourniquet template they have designed. Glia is enabling every medical expert to make an active humanitarian contribution through additive manufacturing. These 3D printed tourniquets were produced by a Canadian 3D printing company and a small but essential line of clinical devices, including facial goggles, stethoscopes, and the otoscope, which have all been utilized to save lives throughout the world.
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