Global 3D Printed Medical Devices Market

Report ID : 1390 | Published : 2022-10-06 | Pages: | Format: PDF/EXCEL

The market size of the global 3D Printed Medical Devices market in the year 2021 is valued at 1.52 billion and is predicted to reach 7.50 billion by the year 2030 at an 19.49% CAGR during the forecast period.

Medical products created using 3D printing technology are known as 3D printed medical equipment. This requires the use of various manufacturing processes/techniques, all of which are based on creating a digital file/image of the thing to be manufactured before utilizing a variety of different ways. The increasing prevalence of surgical procedures for several causes worldwide is one of the main factors propelling market expansion. In other words, rising rates of kidney stones, car accidents, and other ailments are directly fuelling market growth. Increasing R&D spending, particularly in developed and developing countries, will open up even more lucrative market expansion prospects. Research and development capabilities are aiding in the development of medical devices, which is propelling market growth. Additionally, rising public-private funding for focused research initiatives, rising public awareness of the benefits of 3D printing technology, an increase in the prevalence of orthopedic and dental diseases in the population, the availability of advanced 3D printing materials for an increase in the geriatric population base,  dental and medical applications, and rising product innovations and development as a result of technological advancements globally.

The increase in direct digital manufacturing, expanding uses of 3D printing in the healthcare sector, and rising per capita healthcare spending will accelerate the market's growth in the following years. On the other hand, it is anticipated that barriers to market expansion will include high costs associated with research and development capabilities, a lack of adequate infrastructure, an uneven distribution of medical services, and a lack of knowledge in developing nations.

Market Segmentation:

The 3D Printed Medical Devices market is segmented on the product, application, technology, and end-user. Based on product, the market is segmented into 3D printers, 3D bio-printers, Materials and software & services. Based on the application, 3D Printed Medical Devices are segmented into implants, tissue engineering and external wearable device. Based on technology, the market is segmented into laser beam melting, photopolymerization, 3D printing, electron beam melting and droplet deposition. Based on end-user, the market is segmented into hospitals, academic institutes, CROs and pharma & biotech companies.

Based on product, the Software & Services segment is accounted as a significant contributor to the 3D Printed Medical Devices market.

The market segment for software and services made up the largest portion of the overall market and is anticipated to expand faster than average over the following years. This is a result of printers that have already been installed on the market, and there is an increasing need for the software and services sector to offer installation services, support, and maintenance of these printers. Increased software development for producing high-quality 3D-printed medical products is the primary driver propelling the growth of the Software & Services segment.

The laser beam melting segment witnessed growth at a rapid rate

The laser beam melting segment dominated the market for 3D-printed medical devices. This rise is attributed to the industry's widespread powder bed-based additive manufacturing technique. Various manufacturers use the method to describe the powdered raw material's flow behavior and packaging behavior, which significantly impacts the construction's parameters and will increase market share over the future years.

The North America 3D Printed Medical Devices market holds a significant revenue share in the region.

The North America 3D Printed Medical Devices market is expected to register the highest market share in revenue in the near future because of aging demographics, an increase in the prevalence of cardiovascular disease, and a rise in replacement and implant operations. Due to technological advancements in 3D printing, including customized prostheses, tissue engineering, and bio-printing, the demand for the worldwide 3D printing medical devices market is anticipated to rise throughout the projected period. In addition, Asia Pacific is projected to grow rapidly in the global 3D Printed Medical Devices market because of the expansion of regional research initiatives, the growth of medical tourism, the presence of substantial untapped markets, the size of the population pool, and the region's rising need for high-quality healthcare.

Competitive Landscape

The key players in the 3D Printed Medical Devices market have shifted their focus toward product manufacturing and are initiating significant strategies such as mergers, acquisitions, and joint ventures of major and domestic players to enhance their product portfolio and strengthen their global market footprint. Some major key players in the 3D Printed Medical Devices market are Prodways Group, Stratasys Ltd., 3D Systems Inc., Materialise NV and Renishaw plc.

Chapter 1. Methodology and Scope

1.1. Research Methodology

1.2. Research Scope & Assumptions

Chapter 2. Executive Summary

Chapter 3. Global 3D Printed Medical Devices Market Snapshot

Chapter 4. Global 3D Printed Medical Devices Market Variables, Trends & Scope

4.1. Market Segmentation & Scope

4.2. Drivers

4.3. Challenges

4.4. Trends

4.5. Investment and Funding Analysis

4.6. Industry Analysis – Porter’s Five Forces Analysis

4.7. Competitive Landscape & Market Share Analysis

4.8. Impact of Covid-19 Analysis

Chapter 5. Market Segmentation 1: by Product Estimates & Trend Analysis

5.1. by Product & Market Share, 2019 & 2030

5.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Product:

5.2.1. 3D printers

5.2.2. 3D bio-printers

5.2.3. Materials

5.2.4. Software & Services

Chapter 6. Market Segmentation 2: by Application Estimates & Trend Analysis

6.1. by Application & Market Share, 2019 & 2030

6.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Application:

6.2.1. Implants

6.2.2. Tissue Engineering

6.2.3. External Wearable Device

Chapter 7. Market Segmentation 3: by Technology Estimates & Trend Analysis

7.1. by Technology & Market Share, 2019 & 2030

7.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by Technology:

7.2.1. Laser beam melting

7.2.2. Photopolymerization

7.2.3. 3D printing

7.2.4. Electron beam melting

7.2.5. Droplet deposition

Chapter 8. Market Segmentation 4: by End-User Estimates & Trend Analysis

8.1. by End-User & Market Share, 2019 & 2030

8.2. Market Size (Value (US$ Mn)) & Forecasts and Trend Analyses, 2019 to 2030 for the following by End-User:

8.2.1. Hospitals

8.2.2. Academic institutes

8.2.3. CRO's

8.2.4. Pharma & biotech companies

Chapter 9. 3D Printed Medical Devices Market Segmentation 5: Regional Estimates & Trend Analysis

9.1. North America

9.1.1. North America 3D Printed Medical Devices Market Revenue (US$ Million) Estimates and Forecasts by Product, 2022-2030

9.1.2. North America 3D Printed Medical Devices Market Revenue (US$ Million) Estimates and Forecasts by Application, 2022-2030

9.1.3. North America 3D Printed Medical Devices Market revenue (US$ Million) by Technology, 2022-2030

9.1.4. North America 3D Printed Medical Devices Market revenue (US$ Million) by End-User, 2022-2030

9.1.5. North America 3D Printed Medical Devices Market Revenue (US$ Million) Estimates and Forecasts by country, 2022-2030

9.2. Europe

9.2.1. Europe 3D Printed Medical Devices Market revenue (US$ Million) by Product, 2022-2030

9.2.2. Europe 3D Printed Medical Devices Market revenue (US$ Million) by Application, 2022-2030

9.2.3. Europe 3D Printed Medical Devices Market revenue (US$ Million) by Technology, 2022-2030

9.2.4. Europe 3D Printed Medical Devices Market revenue (US$ Million) by End-User, 2022-2030

9.2.5. Europe 3D Printed Medical Devices Market revenue (US$ Million) by country, 2022-2030

9.3. Asia Pacific

9.3.1. Asia Pacific 3D Printed Medical Devices Market revenue (US$ Million) by Product, 2022-2030

9.3.2. Asia Pacific 3D Printed Medical Devices Market revenue (US$ Million) by Application, 2022-2030

9.3.3. Asia-Pacific 3D Printed Medical Devices Market revenue (US$ Million) by Technology, 2022-2030

9.3.4. Asia-Pacific 3D Printed Medical Devices Market revenue (US$ Million) by End-User, 2022-2030

9.3.5. Asia Pacific 3D Printed Medical Devices Market revenue (US$ Million) by country, 2022-2030

9.4. Latin America

9.4.1. Latin America 3D Printed Medical Devices Market revenue (US$ Million) by Product, 2022-2030

9.4.2. Latin America 3D Printed Medical Devices Market revenue (US$ Million) by Application, 2022-2030

9.4.3. Latin America 3D Printed Medical Devices Market revenue (US$ Million) by Technology, 2022-2030

9.4.4. Latin America 3D Printed Medical Devices Market revenue (US$ Million) by End-User, 2022-2030

9.4.5. Latin America 3D Printed Medical Devices Market revenue (US$ Million) by country, 2022-2030

9.5. Middle East & Africa

9.5.1. Middle East & Africa 3D Printed Medical Devices Market revenue (US$ Million) by Product, 2022-2030

9.5.2. Middle East & Africa 3D Printed Medical Devices Market revenue (US$ Million) by Application, 2022-2030

9.5.3. Middle East & Africa 3D Printed Medical Devices Market revenue (US$ Million) by Technology, 2022-2030

9.5.4. Middle East & Africa 3D Printed Medical Devices Market revenue (US$ Million) by End-User, 2022-2030

9.5.5. Middle East & Africa 3D Printed Medical Devices Market revenue (US$ Million) by country, 2022-2030

Chapter 10. Competitive Landscape

10.1. Major Mergers and Acquisitions/Strategic Alliances

10.2. Company Profiles

10.2.1. Prodways Group

10.2.2. Stratasys Ltd.

10.2.3. 3D Systems Inc.

10.2.4. Materialise NV

10.2.5. Renishaw plc

10.2.6. Other Prominent Players

By Product-

  • 3D printers
  • 3D bio-printers
  • Materials
  • Software & Services

By Application-

  • Implants
  • Tissue Engineering
  • External Wearable Device

By Technology-

  • Laser beam melting
  • Photopolymerization
  • 3D printing
  • Electron beam melting
  • Droplet deposition

By End-User-

  • Hospitals
  • Academic institutes
  • CRO's
  • Pharma & biotech companies

By Region-

North America-

  • The US
  • Canada
  • Mexico

Europe-

  • Germany
  • The UK
  • France
  • Italy
  • Spain
  • Rest of Europe

Asia-Pacific-

  • China
  • Japan
  • India
  • South Korea
  • South East Asia
  • Rest of Asia Pacific

Latin America-

  • Brazil
  • Argentina
  • Rest of Latin America

 Middle East & Africa-

  • GCC Countries
  • South Africa
  • Rest of Middle East and Africa

InsightAce Analytic follows a standard and comprehensive market research methodology focused on offering the most accurate and precise market insights. The methods followed for all our market research studies include three significant steps – primary research, secondary research, and data modeling and analysis - to derive the current market size and forecast it over the forecast period. In this study, these three steps were used iteratively to generate valid data points (minimum deviation), which were cross-validated through multiple approaches mentioned below in the data modeling section.

Through secondary research methods, information on the market under study, its peer, and the parent market was collected. This information was then entered into data models. The resulted data points and insights were then validated by primary participants.

Based on additional insights from these primary participants, more directional efforts were put into doing secondary research and optimize data models. This process was repeated till all data models used in the study produced similar results (with minimum deviation). This way, this iterative process was able to generate the most accurate market numbers and qualitative insights.

Secondary research

The secondary research sources that are typically mentioned to include, but are not limited to:

  • Company websites, financial reports, annual reports, investor presentations, broker reports, and SEC filings.
  • External and internal proprietary databases, regulatory databases, and relevant patent analysis
  • Statistical databases, National government documents, and market reports
  • Press releases, news articles, and webcasts specific to the companies operating in the market

The paid sources for secondary research like Factiva, OneSource, Hoovers, and Statista

Primary Research:

Primary research involves telephonic interviews, e-mail interactions, as well as face-to-face interviews for each market, category, segment, and subsegment across geographies

The contributors who typically take part in such a course include, but are not limited to: 

  • Industry participants: CEOs, CBO, CMO, VPs, marketing/ type managers, corporate strategy managers, and national sales managers, technical personnel, purchasing managers, resellers, and distributors.
  • Outside experts: Valuation experts, Investment bankers, research analysts specializing in specific markets
  • Key opinion leaders (KOLs) specializing in unique areas corresponding to various industry verticals
  • End-users: Vary mainly depending upon the market

Data Modeling and Analysis:

In the iterative process (mentioned above), data models received inputs from primary as well as secondary sources. But analysts working on these models were the key. They used their extensive knowledge and experience about industry and topic to make changes and fine-tuning these models as per the product/service under study.

The standard data models used while studying this market were the top-down and bottom-up approaches and the company shares analysis model. However, other methods were also used along with these – which were specific to the industry and product/service under study.

To know more about the research methodology used for this study, kindly contact us/click here.

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