Biocompatible 3D Printing Materials Market Size, Share and COVID-19 Impact Analysis, By Type (Polymer, Metal, and Others), By Application (Implants & Prosthesis, Tissue Engineering, Prototyping & Surgical Guides, and Hearing Aids), and Regional Forecast, 2024-2032

Biocompatible 3D printing materials are materials compatible with the physiological systems of the body. In other words, the biocompatibility of the material refers to the lack of interaction with the living tissue. The lack of toxicity and physiological reactivity of the material make it biocompatible with the living system. Compatibility of the material helps in determining the success of medical devices and accessories used for medical purposes. Biocompatible materials including polymers, metals and others are being used for implants & prosthesis, tissue engineering, prototyping & surgical guides, and hearing aid.

Mass customization of biocompatible 3D printing materials is the key factor driving the global biocompatible 3D printing materials market growth. Since the biocompatibility of these materials helps in avoiding immune reactions in the body that can cause serious health implications, these materials are witnessing a huge demand for different medical applications. Their customization for several complicated medical uses such as heart and orthopaedic surgeries, drug delivery, scaffolds for tissue engineering, and hearing aids presents lucrative opportunities for the market. Along with this, rapid developments in medical engineering are anticpated to have a positive impact on the market.

High cost of production and regulatory requirements are the factors restraining the biocompatible 3D printing materials market share. Materials used for biocompatible 3D printing need to comply with standards and regulatory guidelines prescribed by different global and national regulatory bodies such as FDA.

Impact of COVID-19 on the Biocompatible 3D Printing Materials Market

COVID-19 caused heavy disruption in trade and manufacturing activities. Increasing concerns regarding the spread of infections resulted in a temporary standstill. Additionally, the restrictions on logistics resulted in reduced supply of raw materials, which resulted in a negative impact on the market. Decrease in demand as well as uncertainty in the supply chain due to temporary lockdowns across the globe hindered the biocompatible 3D printing materials market growth during the COVID-19 pandemic. However, as economies get back on track, the market is expected to grow at a significant CAGR in the near future.

Key Insights

The report will cover the following key insights:

• Regulatory Scenario of Biocompatible 3D Printing Materials Market.


• Key Developments in the Biocompatible 3D Printing Materials Market.


• Impact Of COVID-19 on Biocompatible 3D Printing Materials Market.

Analysis by Type

Depending on the types, the biocompatible 3D printing materials market is segmented into polymers, metals and others. Among these, polymers held a significant share of the global biocompatible 3D printing materials market. Highest share held by the polymers can be attributed to its favourable properties, especially for prototyping & surgical guides as well as implant and prosthesis. Polymers used in 3D printing enable relatively more customized design of the medical devices and accessories. It also enables 3D printing with high resolution, greater accuracy and fine details.

Analysis by Application

By application biocompatible 3D printing materials market is segmented into implants & prosthesis, tissue engineering, prototyping & surgical guides and hearing aid. The implants and prosthesis segment held the largest share of the market in 2021 and is anticipated to retain its position during the forecast period. The largest share held by the prosthesis and implant segment can be attributed to the rising demand from the patients suffeeing with grave disorders the and rising number of accidental cases across the globe.

Regional Analysis

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The global biocompatible 3D printing materials market has been categorized into North America, Europe, Asia Pacific, Latin America and Middle East & Africa. North America holds the largest share of global biocompatible 3D printing materials market owing to presence of the major playters in the market as well as higher demand for the  biocompatible 3D printing materials in the region. Economic and technological development in the region has resulted into increased demand for the biocompatible 3D printing materials  for implants & prosthesis, tissue engineering, prototyping & surgical guides and hearing aid.

Europe holds the significant share of the global biocompatible 3D printing materials market. Higher growth of biocompatible 3D printing materials market in the region can be attributed to advancements in the medical sector as well as presence of significant players in the region. Higher investment in biomedical and healthcare is also a significant factor contributing to the growth of market in the region.

Asia Pacific is the fastest growing biocompatible 3D printing materials market owing to rapid development in the medical and healthcare sector in the region. Developing economies in the region are increasing their medical and healthcare expenditure. Favourable conditions such as availability of the major raw materials and tax incentives for the industrial sector are anticipated to play a significant role in the growth of biocompatible 3D printing materials market in the region. 

Latin America, Middle East & Africa are expected to witness considerable growth in biocompatible 3D-printing material market in the region. It can be atrributee to the ongoing economic progress of the region coupled with foreign investment in the medical and healthcare industry in the egion

Key Players Covered

The report will include the profiles of key players such as 3D Systems, Inc., Renishaw plc, Stratasys Ltd., Evonik Industries AG, EOS GmbH, Envisiontec, Inc., Concept Laser, Inc., Formlabs Inc. and Aspect Biosystems Ltd. and others.

Segmentation

Key Industry Developments

• In October 2022, EOS announced that it has signed a memorandum of understanding with Doosan Enerbility Cooperation for technology development and identification of customers.


• In July 2022, EOS announced the launch of four new metal materials for AM on the EOS M 290 metal system. Newly launched materials include one nickel alloy, two stainless steel and one tool steel.