Report Sccope & Overview:
The 3D Printing Medical Devices Market Size was valued at USD 3.12 billion in 2022 and is expected to reach USD 5.70 billion by 2030, and grow at a CAGR of 7.8% over the forecast period 2023-2030.
In the manufacture of medical and dental devices, 3D printing medical device plays an extremely important role. Due to various capabilities, 3D printers are most commonly used for medical devices, but they may also be used for other items such as food, household items, and automobile parts. This 3D printing technology is used to treat a variety of conditions, including titanium hip and jaw replacements, appendage prostheses, and plastic tracheal supports, among others. Many experts choose 3D printing devices before medical treatments of any organ part because of cutting-edge innovation and uncomplicated devices, which can reduce errors.
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A Computer plan drawing or an imaging technique picture is a 3D product shaped from an advanced 3D picture. The 3D thing is created by building up continuous layers of material, which are connected to the previous layer until the object is complete. Various sorts of materials are used to create a 3D image that is effective for medical applications.
The 3D Printing Medical Devices Market is expected to grow as a result of rising government investment in the medical care sector, technological advancements in 3D printing, easy development of medical devices, and increased use of 3D printing devices in the clinical services industry. In the healthcare and dental assembly business, 3D printing has become a vital tool. Clinical device producers choose it for a variety of reasons, including amplifiers, prosthetics, and custom-made knee and hip embeds. Because of several technical breakthroughs in this sector, the 3D Printing Medical Devices Industry is expected to demonstrate significant growth during the forecasted time range. Furthermore, many factors such as R&D investment, rapidly expanding customer base, and Increase the scope of biomedical applications have fueled the growth of the 3D Printing Medical Devices market.
MARKET DYNAMICS
DRIVERS
Increasing the public-private partnership's funding
Ability to conduct research and development
Infrastructure for healthcare is expanding.
RESTRAINTS
Due to a lack of specialized training,
Skilled labor shortage.
OPPORTUNITIES
Direct digital production.
Shifting towards advanced medical treatment.
CHALLENGES
High Investment and operating cost.
Lack of awareness.
Technology penetration
Lack of acceptable reimbursement scenarios
IMPACT OF COVID-19
Due to the pandemic, admission to customers to sell and carry out 3D Printing Medical Devices declined during March 2020 and the second quarter of 2020, as emergency departments were mostly focused on the COVID-19 pandemic. The pandemic has sparked a major surge in demand for ventilators. The closure of assembling offices due to lockdowns and disrupted supply chains had a minor impact on the regional development of the 3D Printing Medical Devices Market in 2020.
By Component
The market for 3D printing medical devices is divided into three categories: equipment, materials, and software and services. The 3D Printing Medical Devices market was dominated by software and services. The cost-effectiveness, utility, consistency, and precision of medical device 3D printing services are likely to drive this segment's expansion over the forecast period.
By Technology
Electron beam melting (EBM), laser beam melting (LBM), photopolymerization, droplet deposition or extrusion-based technologies, three-dimensional printing (3DP) or adhesion bonding, and other technologies make up the 3D printing medical devices market. The laser beam melting (LBM) segment had the biggest market share. The growing use of this technology in the dental industry and for manufacturing implants for minimally invasive surgery is responsible for the huge proportion of this market.
By Application
Surgical guides, surgical tools, conventional prosthetics and implants, custom prosthetics and implants, tissue-engineered goods, hearing aids, wearable medical devices/implantable medical devices, and other medical equipment make up the 3D printing medical devices market. In 2020, the custom prosthetics and implants category held a higher part of the market. 3D printing is widely used to create highly customizable prosthetics and implants from a wide range of materials, including biological materials (such as skin and bones), plastics, ceramics, and metals. 3D printing of custom implants is drawing many medical device businesses and new investors to purchase 3D printers. This market segment is predicted to grow rapidly in the future years.
By End-User
Hospitals and surgical centers, dentistry and orthopedic clinics, academic institutions and research laboratories, pharma-biotech and medical device firms, and clinical research organizations make up the 3D Printing Medical Devices market. In 2020, the hospital and surgical center category accounted for the greatest proportion of the market. The growth of existing 3D printing laboratories, the increasing affordability of 3D printing services, and hospitals' quick embrace of sophisticated technologies are all contributing to this segment's big share.
KEY MARKET SEGMENTS:
By Technology
Laser Beam Melting
Electron Beam Melting
Photopolymerization
Droplet Deposition
Three-dimensional Printing /Binder Jetting
Other Technologies
By Component
Materials
Equipment
Services & Software
By Application
Standard Prosthetics & Implants
Custom Prosthetics & Implants
Surgical Instruments
Tissue-engineered Products
Surgical Guides
Other Applications
By End User
Hospitals & Surgical Centers
Academic Institutions & Research Laboratories
Dental & Orthopedic Clinics
Clinical Research Organizations
Pharma-Biotech & Medical Device Companies
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REGIONAL ANALYSIS
The Asia-Pacific, Americas, Europe, the Middle East, and Africa 3D Printing Medical Devices Market has been segmented into distinct regions. The 3D Printing Medical Devices Market in the Americas has also been segmented into North America and South America, with the former divided into the United States and Canada. Western Europe and Eastern Europe are the two halves of the European 3D Printing Medical Devices Industry.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
KEY PLAYERS:
Some of the major key players are: 3D Systems Corporations, Cyfuse Medical K.K., Stratasys Ltd., EOS GmbHConcept, 3T RPD Ltd., Prodways Group, Oxford Performance Materials, Inc., SLM Solutions Group AG, Arcam AB, EnvisionTEC, Organovo Holdings, Inc., Bio3D Technologies, Renishawplc, Materialise NV, Laser GmbH, and Other Players.
Cyfuse Medical K.K-Company Financial Analysis
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 3.12 Billion |
| Market Size by 2030 | US$ 5.70 Billion |
| CAGR | CAGR of 7.8% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Technology (Laser Beam Melting, Electron Beam Melting, Photopolymerization, Droplet Deposition, Three-dimensional Printing /Binder Jetting, Other Technologies) • By Component (Materials, Equipment, Services & Software) • By Application (Standard Prosthetics & Implants, Custom Prosthetics & Implants, Wearable Medical Devices, Surgical Instruments, Tissue-engineered Products, Surgical Guides, Hearing Aids, Other Applications) • By End User (Hospitals & Surgical Centers, Academic Institutions & Research Laboratories, Dental & Orthopedic Clinics, Clinical Research Organizations, Pharma-Biotech & Medical Device Companies) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | 3D Systems Corporations, Cyfuse Medical K.K., Stratasys Ltd., EOS GmbHConcept, 3T RPD Ltd., Prodways Group, Oxford Performance Materials, Inc., SLM Solutions Group AG, Arcam AB, EnvisionTEC, Organovo Holdings, Inc., Bio3D Technologies, Renishawplc, Materialise NV, Laser GmbH, and Other Players. |
| DRIVERS | • Increasing the public-private partnership's funding • Ability to conduct research and development • Infrastructure for healthcare is expanding. |
| RESTRAINTS | • Due to a lack of specialized training, • Skilled labor shortage. |
Ans:- The 3D Printing Medical Devices Market Size was valued at USD 3.12 billion in 2022.
3D Systems Corporations, Cy fuse Medical K.K., Stratasys Ltd., EOS GmbH Concept, 3T RPD Ltd., Prod ways Group, Oxford Performance Materials, Inc., SLM Solutions Group AG, Arcam AB are the key players of the 3D Printing Medical Devices Market.
Ans:- The 3D Printing Medical Devices Market is growing at a CAGR of 7.8% over the forecast period 2023-2030.
Increasing the public-private partnership's funding, Ability to conduct research and development, are all propelling the 3D Printing Medical Devices market forward.
Due to a lack of specialized training, and Skilled labor shortage are the main restraints of the Medical Nonwoven Disposable market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. 3D Printing Medical Devices Market Segmentation, By Technology
8.1 Laser Beam Melting
8.2 Electron Beam Melting
8.3 Photopolymerization
8.4 Droplet Deposition
8.5 Three-dimensional Printing /Binder Jetting
8.6 Other Technologies
9. 3D Printing Medical Devices Market Segmentation, By Component
9.1 Materials
9.2 Equipment
9.3 Services & Software
10. 3D Printing Medical Devices Market Segmentation, By Application
10.1 Standard Prosthetics & Implants
10.2 Custom Prosthetics & Implants
10.3 Wearable Medical Devices
10.4 Surgical Instruments
10.5 Tissue-engineered Products
10.6 Surgical Guides
10.7 Hearing Aids
10.8 Other Applications
11. 3D Printing Medical Devices Market Segmentation, By End User
11.1 Hospitals & Surgical Centers
11.2 Academic Institutions & Research Laboratories
11.3 Dental & Orthopedic Clinics
11.4 Clinical Research Organizations
11.5 Pharma-Biotech & Medical Device Companies
12. Regional Analysis
12.1 Introduction
12.2 North America
12.2.1 USA
12.2.2 Canada
12.2.3 Mexico
12.3 Europe
12.3.1 Germany
12.3.2 UK
12.3.3 France
12.3.4 Italy
12.3.5 Spain
12.3.6 The Netherlands
12.3.7 Rest of Europe
12.4 Asia-Pacific
12.4.1 Japan
12.4.2 South Korea
12.4.3 China
12.4.4 India
12.4.5 Australia
12.4.6 Rest of Asia-Pacific
12.5 The Middle East & Africa
12.5.1 Israel
12.5.2 UAE
12.5.3 South Africa
12.5.4 Rest
12.6 Latin America
12.6.1 Brazil
12.6.2 Argentina
12.6.3 Rest of Latin America
13. Company Profiles
13.1 3D Systems Corporations
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cyfuse Medical K.K.
13.3 Stratasys Ltd.
13.4 EOS GmbHConcept
13.5 3T RPD Ltd.
13.6 Prodways Group
13.7 Oxford Performance Materials, Inc.
13.8 SLM Solutions Group AG
13.9 Arcam AB
13.10 EnvisionTEC
13.11 Organovo Holdings, Inc.
13.12 Bio3D Technologies
13.13 Renishawplc
13.14 Materialise NV
13.15 Laser GmbH
14. Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share Analysis
14.3 Recent Developments
15. Conclusion
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