3D Printing Medical Devices Market Size, Scope, Forecast to 2027 | Key Players Stratasys Ltd, 3D Systems Corporation, GE Additive, Materialise NV

The global 3D Printing Medical Devices Market is expected to grow at a CAGR of around 17.6% over the forecast period 2021 to 2027 and expected to reach the market value of around US$ 7.1 Billion by 2027.

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Increasing public-private funding for 3D printing activities, high incidence of dental and orthopedic diseases, easy development of customized medical products using 3D printing, growing applications of 3D printing in the healthcare industry, availability of advanced 3D printing materials for dental and medical applications, and the increasing demand for 3D-printed products in the cosmetics and pharmaceutical industries, are the key factors supporting the growth of the market.

3D Printing Medical Devices Market Dynamics

Driver: Increasing public-private funding for 3D printing activities

In recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry. Such research and funding activities are expected to boost the development of 3D printing products and technologies, thereby driving the growth of the 3D printing medical devices market.

Listed below are recent development in recent years:

  • In September 2020, nTopology (US) raised funding of USD 40 million for the development of the nTop software platform for additive manufacturing processes.
  • In March 2019, the University of Huddersfield (UK) raised funding of USD 2.6 million (EUR 2.25 million) from Innovate UK for the development of a new generation of the electron-beam additive manufacturing (EBAM) printer.

Restraint: Shortage of a skilled workforce due to limited specialized training in additive manufacturing

One of the prominent barriers to the adoption of additive manufacturing or 3D printing is the lack of a skilled workforce. There is a very limited resource pool available for staff that is well-versed with 3D printing processes, which is further worsened by the rapid pace of evolution of the 3D printing medical devices market in terms of technology and materials.

There is a dearth of training programs available for additive manufacturing, and there exists a wide gap between academia and practical applications in the industry that is difficult to bridge. The lack of a workforce with a full understanding of the design process and production cycle in additive manufacturing affects the final quality of the product. The lack of such a workforce would restrain the overall adoption of 3D printing in the medical devices industry.

Opportunity: Direct digital manufacturing

The digitization of dentistry and medical procedures has advanced immensely over the years, with the intention of improving the clinical workflow through the incorporation of technology. The industry is experiencing a shift from traditional to digital dentistry and surgeries. Direct digital manufacturing involves the application of computer-controlled processes for developing a physical object directly from a digital design. With advancements in 3D printing, direct digital manufacturing is becoming a widely used technology as compared to traditional manufacturing techniques. It offers a unique set of advantages as it eliminates the investment in tooling, reduces the lag time between designing and production, and increases production.

Challenge:High capital investment and operating costs

Small and medium-sized end users may find it unfeasible to establish 3D printing facilities due to financial constraints. This is a key challenge in the market. The cost of a high-resolution 3D printer is around USD 40,000–100,000, while the cost of a 3D printer used for printing craniomaxillofacial implants is approximately USD 3,500–4,000; ROI for these devices can only be met after 1–2 years. This also makes it difficult for healthcare facilities dependent on federal funding (for whom securing funds in itself is a time-consuming process) to install and use such equipment. Due to this financial aspect, many smaller dental and orthopedic clinics may choose to outsource production to service bureaus or laboratories.

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Recent report on the 3D Printing Medical Devices market, with the help of a comprehensive outlook, provides readers with an assessment of the global market landscape. This study on the 3D Printing Medical Devices market analyzes the scenario for the period of 2019 to 2027, wherein, 2021 is the base year and 2021 is historical data. This report enables readers to make important decisions with regard to their business, with the help of a wealth of Information enclosed in the study. The report also provides the compound annual growth rate (CAGR) of the global 3D Printing Medical Devices market for the forecast period of 2021-2027. This data can help readers interpret quantitative growth aspects of the global market during the forecast period. It presents a wealth of information on key market dynamics, including drivers, market trends, and challenges, as well as the structure of the global market across the globe.

The report analyzes the historical and present-day scenario of the global 3D Printing Medical Devices market to accurately gauge its growth potential. The study presents detailed information about important growth factors, restraints, and key trends that are creating the landscape for growth of the global market in order to identify opportunities for stakeholders.

The report includes an elaborate executive summary, along with a snapshot of the growth behavior of various segments in the scope of the study. Moreover, the report sheds light on the changing competitive dynamics in the 3D Printing Medical Devices market. These indices serve as valuable tools for existing market players as well as for entities interested in participating in the market.

The report delves into the competition landscape of the global 3D Printing Medical Devices market. Key players operating in the market have been identified and each one of these has been profiled for distinguishing business attributes. Company overview, financial standings, recent developments, and SWOT are some of the attributes of players in the 3D Printing Medical Devices market that are profiled in this report.

Y-o-Y growth comparison, volume and revenue comparison, and market share comparison of various market segments are provided in the report. The 3D Printing Medical Devices market is analyzed at both regional and country levels.

Some of the prominent players in the 3D Printing Medical Devices market include:

Stratasys Ltd. (US & Israel), 3D Systems Corporation (US), GE Additive (US), Materialise NV (Belgium), Renishaw plc (UK), SLM Solutions Group AG (Germany), Desktop Metal, Inc. (US), Prodways Group (France), Carbon, Inc. (US), CELLINK (Sweden), Organovo Holdings, Inc. (US), EOS (Electro Optical Systems) GmbH (Germany), Biomedical Modeling, Inc. (US), Formlabs, Inc. (US), 3T Additive Manufacturing Ltd. (UK), DENTSPLY Sirona, Inc. (US), DWS Systems SRL (Italy), Roland DG (Japan), HP, Inc. (US), and regenHU (Switzerland) among others.

Unravelling the Critical Segments

This research report offers market revenue, sales volume, production assessment and prognoses by classifying it on the basis of various aspects including product type, application/end-user, and region. Further, this research study investigates market size, production, consumption and its development trends at global, regional, and country level for period 2017 to 2027 and covers subsequent region in its scope:

Global 3D Printing Medical Devices Market, by Component

  • Equipment
    • 3D Printers
    • 3D Bioprinters
  • Materials
    • Plastics
      • Thermoplastics
      • Photopolymers
    • Metals and Metal Alloys
    • Biomaterials
    • Ceramics
    • Paper
    • Wax
    • Other Materials
  • Services & Software

Global 3D Printing Medical Devices Market, by Application

  • Surgical Guides
    • Dental Guides
    • Craniomaxillofacial Guides
    • Orthopedic Guides
    • Spinal Guides
  • Surgical Instruments
    • Surgical Fasteners
    • Scalpels
    • Retractors
  • Standard Prosthetics & Implants
  • Custom Prosthetics & Implants
    • Orthopedic Implants
    • Dental Prosthetics & Implants
    • Craniomaxillofacial Implants
  • Tissue-engineered Products
    • Bone & Cartilage Scaffolds
    • Ligament & Tendon Scaffolds
  • Hearing Aids
  • Wearable Medical Devices
  • Other Applications

Global 3D Printing Medical Devices Market, by Technology

  • Laser Beam Melting
    • Direct Metal Laser Sintering
    • Selective Laser Sintering
    • Selective Laser Melting
    • LaserCUSING
  • Photopolymerization
    • Digital Light Processing
    • Stereolithography
    • Two-photon Polymerization
    • PolyJet 3D Printing
  • Droplet Deposition/Extrusion-based Technologies
    • Fused Deposition Modeling
    • Multiphase Jet Solidification
    • Low-temperature Deposition Manufacturing
    • Microextrusion Bioprinting
  • Electron Beam Melting
  • Three-dimensional Printing/Adhesion Bonding/Binder Jetting
  • Other Technologies

Global 3D Printing Medical Devices Market, by End User

  • Hospitals & Surgical Centers
  • Dental & Orthopedic Clinics
  • Academic Institutions & Research Laboratories
  • Pharma-Biotech & Medical Device Companies
  • Clinical Research Organizations

 Regional Segmentation

  • Asia-Pacific [China, Southeast Asia, India, Japan, Korea, Western Asia],
  • Europe [Germany, UK, France, Italy, Russia, Spain, Netherlands, Turkey, Switzerland],
  • North America [United States, Canada, Mexico],
  • South America [Brazil, Argentina, Columbia, Chile, Peru].
  • Middle East & Africa [GCC, North Africa, South Africa],

Research Methodology

A unique research methodology has been utilized to conduct a comprehensive research on the growth of the global 3D Printing Medical Devices market and arrive at conclusions on the future growth prospects of the market. This research methodology is a combination of primary and secondary research, which helps analysts warrant the accuracy and reliability of the drawn conclusions. Secondary sources referred to by analysts during the production of the global market report include statistics from company annual reports, SEC filings, company websites, World Bank database, investor presentations, regulatory databases, government publications, and industry white papers. Analysts have also interviewed senior managers, product portfolio managers, CEOs, VPs, and market intelligence managers, who contributed to the production of our study on the market as a primary source.

These primary and secondary sources provided exclusive information during interviews, which serves as a validation from mattress topper industry leaders. Access to an extensive internal repository and external proprietary databases allows this report to address specific details and questions about the global 3D Printing Medical Devices market with accuracy. The study also uses the top-down approach to assess the numbers for each segment and the bottom-up approach to counter-validate them. This has helped to estimates the future prospects of the global market more reliable and accurate.

Key Questions are

  • What are the key factors influencing the 3D Printing Medical Devices market in each region?
  • How much value will the global market generate by the end of the forecast period?
  • What will be the CAGR of the global market between 2021 and 2027?
  • What would be the Y-o-Y growth trend of the global market between 2021 and 2027?
  • What is the future scope and current trends in technologies of the global market?
  • What is the revenue of the global market based on segments?
  • Which key strategies are used by top players of the global market?
  • Which are the leading companies in the global market?
  • What are the essential strategies by key stakeholders in the market to expand their geographic presence?
  • What are the major advancements witnessed in the global market?

Why should you invest in this report?

If you are aiming to enter the global 3D Printing Medical Devices market, this report is a comprehensive guide that provides crystal clear insights into this niche market. All the major application areas for 3D Printing Medical Devices are covered in this report and information is given on the important regions of the world where this market is likely to boom during the forecast period of 2021-2027 so that you can plan your strategies to enter this market accordingly.

Besides, through this report, you can have a complete grasp of the level of competition you will be facing in this hugely competitive market and if you are an established player in this market already, this report will help you gauge the strategies that your competitors have adopted to stay as market leaders in this market. For new entrants to this market, the voluminous data provided in this report is invaluable.

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