Middle East and Africa 3D Printing Medical Devices Market is expected to reach US$ 293.6 Million by 2028

Software and Services Segment has the Largest Share of Component in the Middle East & Africa 3D Printing Medical Devices Market during 2021–2028

According to our latest study on “Middle East & Africa 3D Printing Medical Devices Market Forecast to 2028 – COVID-19 Impact and Analysis – by Component, Technology, Application, and End-User,” the market is projected to reach US$ 293.6 million by 2028 from US$ 109.6 million in 2021; it is expected to grow at a CAGR of 15.1% from 2021 to 2028. The report highlights trends prevailing in the market, and the drivers and restraints pertaining to the market growth. The growth of this market is estimated to grow owing to key driving factors such as the rising incidences of cancer and increasing adoption of metabolomics and investments by market players. However, high cost of tools, instruments, and usage is expected to restrict the market growth during the forecast period.

The adoption of 3D print technology across Africa region has been slow over the last few years, with applications limited to uses cases such as concept modeling and functional prototyping. Given the 3D print market's high responsiveness and agility to fill in medical supply-chain gaps, COVID-19 has likely compelled more businesses in Africa to reconsider their adoption of the technology and make a profound impact on disrupted supply chains. Elective surgeries have declined more rapidly in the Middle East than in Europe and the United States, with some treatments being hit more than others. Bariatric, orthopedic, and plastic surgeries have been particularly severely impacted, whereas trauma and some cardiovascular procedures have fared better.

Based on component, the 3D printing medical devices market is segmented into software and services, equipment, and material. In 2021, the material segment accounted for the largest share. Moreover, the software and services segment is expected to grow at the highest CAGR during the forecast period.

EOS GmbH Electro Optical Systems, Stratasys Ltd., 3D Systems, Inc., EnvisionTech, Inc., Concept Laser Gmbh (General Electric), and SLM Solution Group AG are among the leading companies in the Middle East & Africa 3D printing medical devices market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market.

The market for 3D printing medical devices market is segmented into component, technology, application, and end-user. Based on component, the Middle East & Africa 3D printing medical devices market is segmented into software and services, equipment, and material. Based on technology, the 3D printing medical devices market is segmented into laser beam melting, photopolymerization, droplet deposition/extrusion-based technology, electron beam melting, and others. Based on application, the Middle East & Africa 3D printing medical devices market is segmented into custom prosthetics and implants, surgical guides, tissue engineering products, surgical instruments, hearing aids, wearable medical devices, standard prosthetics and impants, and others. Based on end-user, the Middle East & Africa 3D printing medical devices market is segmented into hospitals and surgical centers, dental and orthopedic centers, medical device companies, pharmaceutical and biotechnology companies, academic and research institutions, others. Geographically, the 3D printing medical devices market is segmented into Middle East & Africa (UAE, Saudi Arabia, South Africa, Australia, Rest of Middle East & Africa).

Middle East & Africa 3D Printing Medical Devices Market, By Country, 2021 and 2028 (%)

Contact Us
 
Phone: +1-646-491-9876
Email Id: sales@theinsightpartners.com