3D Printing Medical Devices Market Size, Share and Global Trend By Products (Dental Products, Cardiovascular Products, Neurological products, Orthopedic Products, Cranio-maxillofacial products), By Technology (Fused Deposition Modelling, Bioprinting, Selective Laser Sintering, Electron Beam Manufacturing, Stereo-lithography), By Application (Medical, Pharmaceutical, Others), By End User (Hospitals, Research Centers), and Regional Forecast, 2024-2032

The ability to build human-specific implants by integrating bioactive cells, drugs, and proteins is booming the 3D printing technology in the medical and pharmaceutical field. 3D printing is an additive manufacturing method in which 3D objects are developed by depositing continuous layers of materials such as plastic, living cells, metal, ceramics, and liquids.

Currently, 3D printing is majorly used in the manufacturing of surgical equipment, medical implants, and complex internal body part replacements. According to the American Academy of Implant Dentistry, a number of people with dental implants in the U.S. have reached 3 million. Also the number is growing by an estimated 500,000 each year thus increasing the demand for dental 3D printed products.

3D printing devices in the medical field is continuously growing and upgrading for enhancing its effectiveness, speed, and cost efficiency, helping it to drive the global 3D printing medical devices market. Also, growth in bone and musculoskeletal injuries, rising prevalence of cardiovascular as well as neurological disorders are expected to raise the demand for 3D anatomical parts, which is expected to offer a huge opportunity for the global 3D printing medical devices market during the forecast period.

Certain advantages served by 3D printing such as faster manufacturing of complex anatomical parts, advanced precision in manufacturing, simplified manufacturing process, and easy design manipulations are significant factors for the growth of global 3D printing medical devices market.

However, unavailability of 3D printing medical devices in emerging nations, high prices of the 3D printed medical products and implants, limited technical expertise, lack of reimbursement policies, etc., are some of the restraining factors for the growth of the global 3D printing medical devices market.

Key Players Covered

Some of the major players in the global 3D printing medical devices market are 3T RPD Ltd., Renishaw plc., Concept Laser GmbH, GENERAL ELECTRIC, Arcam AB, EOS GmbH Electro Optical Systems, Materialise, ENVISIONTEC, INC., 3D Systems, Inc., Stratasys Ltd., Cyfuse Biomedical K.K., ORGANOVO HOLDINGS, INC., and others.

SEGMENTATION

Among the segmentation, dental 3D printed products are high in demand and also hold a larger segment in the global 3D printing medical devices market. Also, cardiovascular and orthopedic products are likely to contribute its share in the global 3D printing medical devices market during the forecast period.

Key Insights

• Technological advancements in the 3D printing medical devices


• Strategies of key players in the 3D printing medical device market


• Overview of regulatory issues and challenges faced in the manufacturing of 3D printing medical devices


• Pricing analysis


• Key mergers and acquisitions

Regional Analysis

Geographically, the global 3D printing medical devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global 3D printing medical devices market in 2017 owing to an aging population, rising prevalence of cardiovascular diseases, and growth in replacement & implant procedures. Technological advancements in 3D printing technology such as personalized prosthetics, tissue engineering, and bio-printing will further extend the demand for global 3D printing medical devices market during the forecast period.

Key Industry Developments

• In March 2019, UNYQ announced the launch of UNYQ Socket, a 3D printed prosthetic leg socket. It is light weight with a sensor to record user’s fitness and exercise.


• In November 2018, 3D Systems, Inc. has partnered with OpHeart, a non-profit organisation that provide medical treatments to children born with life-threatening heart defects. 3D Systems, Inc. will provide paediatric heart surgeons with 3D-printed tools needed for complex surgeries.


• In November 2018, General Electric and VA Puget Sound Health Care System agreed upon partnership to deliver advanced precision in 3D printing for the U.S. veterans.


• In May 2018, K2M Group Holdings, Inc. announced the launch of 3D-printed expandable interbody MOJAVE PL featuring 3D titanium technology.