3D Printing Medical Devices Market: By Application, By Technology, Photopolymerization, Laser Beam Melting, Electronic Beam Melting, Laminated Object Manufacturing, Others), By Raw Materials, By End-User, and Geography
3D Printing Medical Devices Market size is expected to reach a value of US$ 2,945.5 million by 2029 at a CAGR of 19.5% during the forecast period 2023-2029. 3D Printing Medical Devices Market: 3D printing is otherwise called additive manufacturing that utilizes layer-by-layer addition techniques for producing physical objects from 3D digital files. 3D printing technology is rising due to the increase in demands for personalized medical care by providing customized medical devices based on the needs of the individuals. 3D printing technology is flourishing in many application areas in healthcare like medicine, implants, drug manufacturing dental, and others. Materials used for this process will vary according to the need. For instance, metals and ceramics are mostly used in dental implants to print dental crowns, own array of bio-materials is used by the medical industry. 3D printing is used to make 3D printed models of organs plan and practice complex surgeries. 3D printing technology revolutionized the manufacturing process around the industry perpendicularly. In the medical field, 3D printing has led to the development of innovative and efficient products. Ever increase in cost pressures on medical device manufacturers and their intense need to introduce innovative products has forced them to adopt 3D printing to reduce the manufacturing life cycle and eliminate the traditional prototyping process. Increasing medical & pharma business, mainly because of an increase in awareness regarding consumer health along with the increase in health issues are boosting the 3D printing equipment market.
Study Period
2024-2030Base Year
2023CAGR
19.5%Largest Market
Asia-PacificFastest Growing Market
North-America
A number of factors such as continuous technological advancements in 3D printing, increase in public and private investments to develop new 3D printing technologies, rise in acceptance of 3D-printed implants and organs are propelling the demand of 3D printing medical devices market. In addition, growing demand of organ transplantation, consolidation of industry by mergers and acquisitions to enhance market share in the global3D printing medical devices market. However, high cost associated with advanced 3D printers, lack of both structured regulatory frameworks and reimbursement policies, copyright and patent issues associated with the 3D printing of patented products is expected to hamper the market growth.
On the basis of geographical regions 3D printing medical devices market is segmented as Latin America, Europe, North America, Asia-Pacific, The Middle East, and Africa. North America is the leading consumer of 3D printing in the healthcare industry, followed by Europe. The 3D printing systems market would expect to exhibit significant growth in the Asia-Pacific and LAMEA regions, owing to the increase in the number of start-up companies and its rising awareness. Factors such as increased government funding to enhance 3D printing applications in the healthcare industry, establishment of research and training centers, and raising awareness of 3D printing through conferences and events are propelling the growth of the3D printing medical devices market in the Asia-Pacific region. However, the dearth of skilled professionals and the high cost of 3D printing systems restrict its demand in developing Asian countries. For instance, in April 2014, the Japanese government donated $36.5 million for Japanese companies for the development of next-gen 3D printers for healthcare and aerospace applications.
Latin America
Europe
Asia Pacific
Middle East
North America
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Report Benchmarks |
Details |
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Report Study Period |
2024-2030 |
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Market Size in 2029 |
US$ 2,945.5 million |
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Market CAGR |
19.5% |
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By Application |
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By Technology |
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By Raw Materials |
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By End-User |
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The 3D printing medical devices market key players are: FabRx Ltd. (UK), Organovo Holdings (U.S.), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC, 3D Systems Inc. (Germany), Cyfuse Biomedical K.K. (Japan), Bio3D Technologies (Singapore), Arcam AB (Sweden), and Stratasys Ltd. (U.S.)
The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).
In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.
Key Market Players
Author
Muni Kumar Meravath is a seasoned Healthcare Market Research Analyst with over 6 years of experience in the healthcare domain, encompassing pharmaceuticals, medical devices, and diagnostics. A graduate in Pharmacy, he possesses a strong foundation in the intricacies of the healthcare sector. He further enhanced his expertise by pursuing an MBA in Pharmaceuticals, equipping him with valuable business acumen. His analytical skills and market insights have contributed to strategic decision-making and enhanced market positioning for various healthcare organizations. Committed to driving innovation and excellence, Muni continues to seek opportunities to improve healthcare delivery through data-driven insights.
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