Market Overview
3D printing functions an essential part of the medical and dental manufacturing sector and is the preferred choice of medical device manufacturers, for its cost-effective production of all types of medical devices such as the custom-made knee, hearing aids, hip implants, and prostheses.
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Global 3D printing medical devices market is anticipated to
grow due to influential factors such as the increase in investment by the
growing use of 3D printing device in the healthcare industry the governments
towards the healthcare sector, rising technological advancements in 3D
printing, and easy production of medical devices.
According to a report issued by Market Research Future
(MRFR), the global 3D printing medical devices market has been assessed to grow
at a CAGR of 18% during the forecast period from 2018 to 2023.
Segmental Analysis
The global market for 3D printing medical devices has been
segmented into types, component, technology, application, end-users, and
regions.
Based on types, the global 3D printing medical device market
has been segmented into prosthetics & implants, surgical guides, surgical
instruments, and tissue engineering product. The surgical guide segment has
been assessed to account for the largest market share in the type segment over
the forecast period, due to its advantage of providing accurate implant restoration,
resulting in a rise in the demand for the surgical guide has been increasing,
and this is a crucial factor driving the growth of this market segment.
Based on the component, the market for 3D printing medical
devices has been segmented into the 3D bioprinter, 3D printer, materials,
software & services, and system. Software & services segment is
projected to account for the largest market share in the component segment over
the forecast period, due to the increase in advancements in the software solutions
for manufacturing high-quality 3D-printed medical products.
On the basis of technology, the 3D printing medical device
market has been segmented into 3D printing, droplet deposition, electron beam
melting (EBM), laminated object manufacturing (LOM), laser beam melting,
photopolymerization, poly-jet technology, and others. Photopolymerization
segment has been assessed to account for the largest market share in the
technology segment over the forecast period.
Based on application, the global market for 3d printing
medical device has been segmented into clinical study devices, external
wearable devices, implants, and tissue engineering. The external wearable
devices segment assessed to account for the largest market share in the
application segment over the forecast period.
By end-users, the market has been segmented into academic
institutions, contract research organization, hospitals, medical and surgical
centers, and pharma and biotech companies. The medical and surgical centers
segment has been assessed to account for the largest market share in the
end-user segment over the forecast period, due to the increase in the patient
population and decrease in surgical and infection risks.
Based on the region, the market has been segmented into the
Americas, Europe, Asia Pacific, and the Middle East and Africa.
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Key Players
The key players identified in the global 3D printing medical
devices market are 3D Systems Corporations, 3T RPD Ltd., Arcam AB, Bio3D
Technologies, EnvisionTEC, Cyfuse Medical K.K.EOS GmbHConcept, Laser GmbH,
Materialise NV, Organovo Holdings, Inc., Oxford Performance Materials, Inc.,
Renishaw plc, Prodways Group, Stratasys Ltd., and SLM Solutions Group AG.
Regional Analysis
North America has been expected to dominate the global 3D
printing medical device market over the forecast period, due to the growth in
the demand for organ transplant surgeries in the region, and the increase in
investments made by the government towards the research and development of
advanced 3D printing technologies.
Europe is the second-largest regional market for 3D printing
medical devices, owing to favorable government investments, rise in research
and development. Additionally, the changing lifestyles of consumers have led to
an increase in patient population and number of surgeries, consequently
contributing to the growth of the 3D printing medical device market in the
region.
Asia-Pacific has been assessed to grow as the
fastest-growing region in the 3D
printing device market through the forecast period, due to the growing
prevalence of chronic diseases such as diabetes, blood pressure disorders among
others, the increasing investments in the healthcare sector by the government,
and increase in the geriatric population.
The Middle East & Africa region has been accounted for the comparatively smallest market share in the global 3D printing medical devices market owing to a healthcare sector that needs improvement, lack of medical knowledge, and inadequate medical facilities.
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