Medical Device Additive Manufacturing Market Report 2031 by Segments, Geography, Dynamics, Recent Developments, and Strategic Insights

Medical Device Additive Manufacturing Market Size and Forecast (2021 - 2031), Global and Regional Share, Trend, and Growth Opportunity Analysis Report Coverage: By Technology (Laser Sintering, Electron Beam Melting, Stereolithography, and Extrusion), Product (Surgical Guides, Surgical Instruments, Implants & Prosthetics, Tissue Engineering, and Other Products), Application (Dental, Orthopedic, Bioengineering, Craniomaxillofacial) and Geography

  • Report Code : TIPHE100000975
  • Category : Life Sciences
  • No. of Pages : 150
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Medical Device Additive Manufacturing Market Analysis by 2031

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The medical device additive manufacturing market size is projected to reach US$ 25.62 billion by 2031 from US$ 6.93 billion in 2023. The market is expected to register a CAGR of 17.7% during 2023–2031. The development of novel medical devices using CAD-CAM and 3D printing and the demand for personalized medicine are likely to remain key trends in the market.

Medical Device Additive Manufacturing Market Analysis

The additive manufacturing (AM) method, also known as 3D printing, has the potential to produce innovative medical devices and instrumentation, including orthoses, prostheses, medical models, inert implants, and biomanufacturing. AM allows companies to provide extensive customization based on individual patient requirements for medical applications by saving time and reducing the wastage of raw materials. The technique helps overcome the constraints of conventional manufacturing methods—mainly associated with mass customization, fabrication, milling, casting, forging, and so on. Additionally, recent advancements in biomaterials catalyze the clinical implications of healthcare products using AM technology.

Medical Device Additive Manufacturing Market Overview

As highlighted by the AM3D Printing annual medical report by A. S. of Mechanical Engineers (ASME), material extrusion was found to be the most popular category with 55% usage in 2022, followed by vat photopolymerization with 57% and powder bed fusion with 51% acceptance rate. The rest of the processes had a shorter contribution in the medical sector. The US Food and Drug Administration (FDA) encourages the utilization of advanced technologies, including medical device additive manufacturing, to yield better outputs. For instance, in June 2023, the FDA established an additive manufacturing lab to enhance its readiness to handle medical device issues during premarket and post market stages. Therefore, the increasing investments in life science research and medical device technology by the government and private sectors favor medical device additives manufacturing market growth.

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Medical Device Additive Manufacturing Market: Strategic Insights

medical-device-additive-manufacturing-market
Market Size Value inUS$ 1,350.4 Million in 2019
Market Size Value byUS$ 4,440.5 Million by 2027
Growth rateCAGR of 16.2% from 2020-2027
Forecast Period2020-2027
Base Year2020
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Medical Device Additive Manufacturing Market Drivers and Opportunities

Mounting Demand for Additive Manufacturing in Orthopedics and Dental Sectors to Favor Market

 Permanent orthopedic implants such as joint replacements for the knee, hip, or wrist or some of the temporary fixation devices such as plates, pins, screws, and wires can be inserted into the body to let fractured bones heal within a short period. These devices are designed using AM technologies and offer advantages such as choice of customization, option for appropriate and wide range of materials, and the ability to design complex shapes and structures. Propelling incidences of orthopedic interventions and endodontic operations are significant drivers of medical device additive manufacturing market share.

Demand for Personalized Medicine

The healthcare industry is increasingly focused on achieving better patient outcomes through personalized medical devices that match each patient's anatomy or physiology. Examples include orthopedic implants and prosthetic leg sockets. Personalized medical devices offer several advantages, including reducing the cost of care, improving functionality and aesthetics, and increasing load distribution. Advanced technologies such as additive manufacturing and medical imaging can support the design and manufacturing. As per an article published by the MDPI Journals in April 2022, tailoring drug doses, dosage forms, and drug release adjustments to individual patients can optimize their therapy. Extrusion-based 3D printing techniques, such as fused filament fabrication (FFF) and semi-solid extrusion (SSE), are versatile, precise, feasible, and cost-effective. Hence, AM technology is seen to have a positive impact on the market, as it has an opportunity to customize medical devices to cater to the specific needs of the patients.

Medical Device Additive Manufacturing Market Report Segmentation Analysis

Key segments that contributed to the derivation of the medical device additive manufacturing market analysis are technology, product, and application.

  • The medical device additive manufacturing market is segmented based on technology into laser sintering, electron beam melting, stereolithography, and extrusion. The laser sintering segment held the largest market share in 2023.
  • By product, the market is segmented into surgical guides, surgical instruments, implants & prosthetics, tissue engineering, and other products. The surgical instruments segment held the largest share of the market in 2023.
  • By application, the market is segmented into dental, orthopedic, bioengineering, and craniomaxillofacial. The orthopedic segment held a significant share of the market in 2023.

Medical Device Additive Manufacturing Market Share Analysis by Geography

The geographic scope of the medical device additive manufacturing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America.  Asia Pacific is expected to grow with the highest CAGR in the coming years.

The medical device additive manufacturing market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is estimated to have a larger share of the North America medical device additive manufacturing market in 2023. The growth in this region is characterized by increased demand for customized devices and advancements in medical device technologies supported by many investors and government funding.

Moreover, increasing focus on advanced method incorporation in healthcare, government, and private initiatives for the promotion of early disease diagnosis and increasing focus toward research in customized medical devices is further expected to stimulate the growth and contribute to exceptional revenue generation for the medical device additive manufacturing market in North America.

Medical Device Additive Manufacturing Market Report Scope

Medical Device Additive Manufacturing Market News and Recent Developments

The medical device additive manufacturing market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the medical device additive manufacturing market are listed below:

  • Precision ADM, Inc. received approval from Health Canada for its CANSWAB nasopharyngeal swabs, the first Canadian-made COVID-19 testing products. The 3D-printed swabs have been clinically tested and proven to be as effective as traditional flocked swabs. Precision ADM has secured a facility to manufacture and ship hundreds of thousands of CANSWAB nasopharyngeal swabs weekly. (Source: Precision ADM, Inc, Press Release, July 2020)
  • Armadillo Additive, a contract manufacturer based in Granbury, Texas, USA, launched a new advanced metal additive manufacturing facility. The facility focuses on precision engineering for the medical device sector. The company has installed a FormUp 350 Laser Beam Powder Bed Fusion (PBF-LB) additive manufacturing machine from AddUp and specializes in producing Ti-6Al-4V Grade 23 titanium products. (Source: Armadillo Additive, Inc., Press Release, February 2024)

Medical Device Additive Manufacturing Market Report Coverage and Deliverables

The “Medical Device Additive Manufacturing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:

  • Medical device additive manufacturing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
  • Medical device additive manufacturing market trends, as well as market dynamics such as drivers, restraints, and key opportunities
  • Detailed PEST/Porter’s Five Forces and SWOT analysis
  • Medical device additive manufacturing market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
  • Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the medical device additive manufacturing market
  • Detailed company profiles
Report Coverage
Report Coverage

Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends

Segment Covered
Segment Covered

Technology ; By Product ; and By Application , and Geography

Regional Scope
Regional Scope

North America, Europe, Asia Pacific, Middle East & Africa, South & Central America

Country Scope
Country Scope

Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States

Frequently Asked Questions


Which region dominated the medical device additive manufacturing market in 2023?

North America dominated the medical device additive manufacturing market in 2023.

What are the driving factors impacting the medical device additive manufacturing market?

Factors Including mounting demand for additive manufacturing in healthcare, recent advancements in biomaterials, rising government funding and product launches by the market players are the driving factors the medical device additive manufacturing market growth.

What are the future trends of the medical device additive manufacturing market?

Development of novel medical devices using CAD-CAM and 3D printing and the demand for personalized medicine are future trends in the market.

Which are the leading players operating in the medical device additive manufacturing market?

3D Systems, Inc; GE Additives; Materialise NV; 3T Additive Manufacturing Limited; Renishaw plc; Stratasys Ltd; Vaupell, Inc; PRECISION ADM INC; EOS Gmbh; and ALLEVI, Inc are some leading players operating in the medical device additive manufacturing market.

What would be the estimated value of the medical device additive manufacturing market by 2031?

The medical device additive manufacturing market is estimated to reach US$ 25.62 billion by 2031.

What is the expected CAGR of the medical device additive manufacturing market?

The medical device additive manufacturing market is anticipated to grow at a CAGR of 17.7% during 2023-2031.

The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.

  1. 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.

  1. 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:

Research Methodology

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.

  1. 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.

  1. 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.

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