3D Printing Medical Market Growth Report 2021 to 2031
The 3D printing medical devices market size is projected to reach US$ 10.65 billion by 2031 from US$ 2.93 billion in 2023. The market is expected to register a CAGR of 17.5% during 2023–2031. The development of personalized medical products using 3D printing will likely remain a key trend in the market.
3D Printing Medical Devices Market Analysis
The market for medical devices made with 3D printing is well-established. The rising use of 3D printing in the healthcare sector drives adoption and contributes to the market's overall expansion. The increasing number of organ transplant procedures has increased the demand for 3D printing medical devices. Such a bolstering element affects the expansion of the market as a whole. Shortly, creating customized medical products through 3D printing will present a profitable prospect for market expansion.
3D Printing Medical Devices Market Overview
In recent decades, implantable medical devices have seen an increase in the use of 3D printing technology because of its accuracy and capacity for optimal material utilization. The traumatology, orthopedic surgery, and dentistry fields stand to gain the most from these instruments. No matter how complicated, implantable medical devices of any shape can be produced using 3D printing technology without experiencing processing problems. It can resolve issues about creating and producing intricate implantable medical devices. Implantable medical devices that are personalized and customized can also be made using the 3D printing process.
The second most prevalent dental condition worldwide is tooth decay. With only slight variations depending on gender, orthodontic issues are common in both genders. The potential for customized products is driving advances in 3D printing for medical and dental applications, cost savings on small-scale productions, ease of sharing and processing patient image data, and improvements in education. Limited publications are available on applications in the specialties of periodontics and endodontics. The 3D printing technique primarily focuses on oral surgery and prosthodontics applications, followed by orthodontics. Surgeons can perform operations on a realistic physical anatomy model with advanced image processing due to the clinical use of 3D printing technology.
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3D Printing Medical Devices Market: Strategic Insights
Market Size Value in US$ 2,123.11 Million in 2021 Market Size Value by US$ 6,583.50 Million by 2028 Growth rate CAGR of 17.5% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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3D Printing Medical Devices Market: Strategic Insights
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Market Size Value in | US$ 2,123.11 Million in 2021 |
Market Size Value by | US$ 6,583.50 Million by 2028 |
Growth rate | CAGR of 17.5% from 2021 to 2028 |
Forecast Period | 2021-2028 |
Base Year | 2021 |
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3D Printing Medical Devices Market Drivers and Opportunities
Increasing Applications of 3D Printing in the Healthcare Sector Favors the Market Growth.
A wide range of medical devices with intricate geometry or features corresponding to a patient's specific anatomy are produced using 3D printers. A standard design prints a few devices, after which numerous replicas of the same device are created. The patient-specific imaging data is used to develop additional devices, also called patient-matched or patient-specific devices. The intended use of printed goods and the printer's ease of use are two considerations for choosing 3D printing technology. The most popular technology for 3D printing medical devices is powder bed fusion. This method works with various materials, including nylon and titanium, used in medical devices. Using CT and MRI scans, 3D printing makes creating tactile reference models specific to each patient inexpensive and easy. By offering a different viewpoint, these models assist doctors in better preparing for surgeries, significantly reducing the time and money needed for the actual procedure in an operating room. Patients may gain from this through increased satisfaction, decreased anxiety, and accelerated recovery.
Furthermore, introducing novel biocompatible materials for 3D printing in medicine facilitates the creation of fresh surgical instruments and methods, all aimed at enhancing the surgical experience for patients. Sterilable fixation trays, contouring templates, and implant sizing models are among the instruments that can be produced via 3D printing. These can be used to size implants in the operating room before the initial cut, saving surgeons time and enhancing accuracy during intricate procedures.
Rising Adoption for Organ Transplants Creates Significant Opportunities in the Market
The use of 3D printing technology in organ transplantation has become increasingly advantageous. 3D bioprinters have undergone numerous iterations and enhancements to satisfy quality requirements and expectations. As a result, creating and developing 3D printers is constantly evolving, with a broader range of applications. By speeding up the production of medical devices, 3D printers help save lives. They aid in resolving the issues of organ donor scarcity and recipient organ rejection. It also enables medical professionals to treat a large number of patients quickly. Without easily accessible environments that provide blood, oxygen, and vital nutrients, organs cannot survive. It is possible to create secure environments for transplanted organs using 3D printing technology. Because they are bio-printed instead of castrated, 3D printers significantly impact organ replacement in the medical field. This reduces the time spent looking for suitable donors. Therefore, the result is anticipated to have substantial positive effects on society, especially regarding quality of life. Promising uses of 3D bioprinting include the creation of artificial tissues and organs, which could completely transform the field of regenerative medicine.
3D Printing Medical Devices Market Report Segmentation Analysis
Key segments that contributed to deriving the 3D printing medical devices market analysis are component, technology, application, and end user.
- Based on components, the 3D printing medical devices market is divided into software and services, equipment, and materials. The equipment segment held the most significant market share in 2023.
- By technology, the market is categorized into laser beam melting, photopolymerization, droplet deposition/extrusion-based technologies, and electron beam melting. The photopolymerization segment held the largest share of the market in 2023.
- By application, the market is segmented into custom prosthetics and implants, tissue engineering products, surgical guides, surgical instruments, wearable medical devices, hearing aids, standard prosthetics and implants, and others. The custom prosthetics and implants segment held the largest share of the market in 2023.
- By end user, the market is segmented into hospitals and surgical centres, dental and orthopaedic centres, medical device companies, academic and research institutes, pharmaceutical and biotechnology companies, and others. The hospitals and surgical centers segment held the largest share of the market in 2023.0
3D Printing Medical Devices Market Share Analysis by Geography
The geographic scope of the 3D printing medical devices market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.
North America consists of three countries: the US, Canada, and Mexico. The US is the largest market for 3D printing medical devices, followed by Canada and Mexico. Nearly 200,000 amputations are done annually in the United States alone, and prosthetic replacements or alterations can be costly and time-consuming, with prices ranging from $5,000 to $50,000. Since prosthetics are such individualized devices, each must be made to order or tailored to the wearer's specifications. These days, AM technology is frequently utilized to create prosthetic components tailored to each patient's anatomy, ensuring a perfect fit. AM is used in places where prosthetics come into contact with patients because of its capacity to create intricate geometries from various materials. AM technology has developed a wide range of products, from comfortable prosthetic leg connections to intricate, highly customized facial prosthetics for cancer patients.
Organovo, a US-based medical laboratory and research company, has experimented with printing intestinal and liver tissue to aid in the in vitro study of organs and developing drugs for specific diseases. The company announced pre-clinical data in May 2018 regarding the liver tissue's functionality in a type 1 tyrosinemia program. Tyrosine is an amino acid that the body cannot metabolize because of an enzyme deficiency.
3D Printing Medical Devices Market Report Scope
3D Printing Medical Devices Market News and Recent Developments
The 3D printing medical devices market is evaluated by gathering qualitative and quantitative data post primary and secondary research, which includes important corporate publications, association data, and databases. A few of the developments in the 3D printing medical devices market are listed below:
- Align Technology, Inc. a leading global medical device company that designs, manufactures, and sells the Invisalign system of clear aligners, iTero intraoral scanners, and exocadCAD/CAM software for digital orthodontics and restorative dentistry, announced that it has completed the acquisition of privately-held Cubicure GmbH, a pioneer in direct 3D printing solutions for polymer additive manufacturing that develops, produces, and distributes innovative materials, equipment, and processes for novel 3D printing solutions. (Source: Align Technology, Inc., Press Release, January 2024)
3D Printing Medical Devices Market Report Coverage and Deliverables
The “3D Printing Medical Devices Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- 3D printing medical devices market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- 3D printing medical devices market trends as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- 3D printing medical devices market analysis covering key market trends, global and regional framework, major players, regulations, and recent market developments.
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments for the 3D printing medical devices market
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Component, Technology, Application, and End-User
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, UAE, United Kingdom, US
Frequently Asked Questions
EOS GmbH Electro Optical Systems, Proadways Group, Renishaw PLC, Stratasys Ltd., EnvisionTech, Inc., Concept Laser Gmbh (General Electric), 3T RPD Ltd., 3D Systems, Inc., SLM Solution Group AG, CELLINK
The market is expected to register a CAGR of 17.5% during 2023–2031.
North America dominated the 3D printing medical devices market in 2023
Key factors driving the market are the high incidence of dental and orthopedic conditions and increasing applications of 3d printing in the healthcare sector.
The development of personalized medical products using 3D printing will likely remain a key trend in the market.
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.