27-May-2021 | Facts and Factors
Global 3D printed medical equipment market was assessed at USD 1.9 billion in 2020, according to a market research analysis released by Facts and Factors. By the end of 2026, this market is predicted to produce revenue of over USD 4 billion, with a CAGR of roughly 17% between 2021 and 2026.
Notable factors that are responsible for the growth of the 3D printed medical device market are a considerable increase of similar applications in the market. Furthermore, these structures offer a longer-lasting life cycle alongside a better fit than traditional components. With future developments in the structure and material utilization, a wider range of applications can be implemented using customized 3D printed medical devices. This will boost the growth of the market from a positive perspective.
An uptake of personalized surgeries for cosmetic effects will open the opportunities for a rise in 3D printed medical devices. Advancements in computer-aided design will further help create complex structures required for minuscule operations. Furthermore, these parts take a lesser toll on the human body and possess less risk than their counterparts.
Top Market Players
The major participants in the global 3D printed medical device market are Organovo Holdings, Inc., Renishaw Plc, 3T RPD Ltd., Prodways Groups, EOS GmbH Electro Optical Systems, and Envisiontec GmbH, among others.
The 3D printing powder market is based on packing tons of services under one roof for maximum capitalization. In essence, 3D Systems Corporation holds a considerable market share in the space as they include a wide range of products. Their product line includes desktop 3D printers, printing materials, cloud-sourced customized parts, 3D fabrication solutions, and many more. Stratasys includes a similar portfolio and caters to sectors such as automotive, consumer electronics, aerospace, defense, education, and commercial to name a few. Collaborations are often part of exchanging and combining technological advancements. Materials coupled with a number of medical professionals in their region can help lower the cost of trials and also improve the safety ratings of such products.
The global 3D printed medical devices market can be segmented on the basis of components into software & services, 3D printers & 3D bioprinters, material, and others. Additionally, the material segment can be further bifurcated into plastics, biomaterials, metals, & alloys. The software & services segment is expected to retain the highest market value during the forecast period owing to recent technological advancements and an increased need for higher quality 3D printed products.
The global 3D printed medical device market can be segmented on the basis of technology into laser beam melting (LBM) technology, electronic beam melting (EMB) technology, selective layer sintering (SLS), photopolymerization, selective laser melting (SLM), fused deposition modeling (FDM) and direct metal laser sintering (DMLS). Polymerization is expected to recoup the highest market share during the forecast period owing to an increased use case across all sectors for a wide range of applications.
Asia-Pacific Will Lead The Market In Terms Of Global Revenue During The Forecast Period
The region of Asia-Pacific is expected to witness the largest market share on a global scale. Factors pertaining toward a higher rise of revenue generation in the sector, an increased number of skilled technicians and a comparable range of implemented 3D printing research centers in the region will boost the growth of the market to a larger extent. Additionally, an overwhelming need for 3D printing medical devices and implants in condensing the need of the growing population in the region will further drive the market value of the 3D printed medical devices to larger extent.
Browse the full “3D Printed Medical Devices Market By Component (Software & Services, 3D Printers & 3D Bioprinters, Material, & Others), By Type (Surgical Guides, Dental Guides, Craniomaxillofacial Guides, Orthopedic Guides, Surgical Instrument, & Retractors), By Technology (Laser Beam Melting (LBM) Technology, Electronic Beam Melting (EMB) Technology, Selective Layer Sintering (SLS) Technology, Photopolymerization, Selective Laser Melting (SLM) Technology, Fused Deposition Modelling (FDM) Technology, & Direct Metal Laser Sintering (DMLS) Technology), By End-Users (Medical & Surgical Centers, Pharmaceutical and Biotechnological Companies, & Academic Institutions), and By Regions - Global and Regional Industry Perspective, Comprehensive Analysis, and Forecasts, 2021 – 2026” report at https://www.fnfresearch.com/3d-printed-medical-devices-market
The global 3D printed medical devices market can be segmented on the basis of:
Global 3D Printed Medical Device Market: By Component Segment Analysis
- Software & Services
- 3D Printers & 3D Bioprinters
- Metals & alloys
Global 3D Printed Medical Device Market: By Type Segment Analysis
- Surgical Guides
- Dental Guides
- Craniomaxillofacial Guides
- Orthopedic Guides
- Surgical Instrument
Global 3D Printed Medical Device Market: By Technology Segment Analysis
- Laser Beam Melting (LBM) Technology
- Electronic Beam Melting (EMB) Technology
- Selective Layer Sintering (SLS) Technology
- Selective Laser Melting (SLM) Technology
- Fused Deposition Modeling (FDM) Technology
- Direct Metal Laser Sintering (DMLS) Technology
Global 3D Printed Medical Device Market: By End-User Segment Analysis
- Medical & Surgical Centers
- Pharmaceutical & Biotechnological Companies
- Academic Institutions
Global 3D Printed Medical Device Market: By Regional Segment Analysis
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
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