Global 3D Printing Medical Devices Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2031

3D Printing Medical Devices Market Analysis

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.

3D Printing Medical Devices Market Size

Global 3D printing medical devices market size was valued at USD 3.38 billion in 2023 and is projected to reach USD 13.35 billion by 2031, with a CAGR of 18.72% during the forecast period of 2024 to 2031.

Report Scope and Market Segmentation       

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.            

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 medical 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 2024 to 2031. 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

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 2024-2031.

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.

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

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

3D Printing Medical Devices Market Regional Analysis

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 2024 to 2031 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.   

3D Printing Medical Devices Market Share

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.

3D Printing Medical Devices Market Leaders Operating in the 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)    

Latest Developments in 3D Printing Medical Devices Market

• 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

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