3D Printing Medical Devices Market

Global 3D Printing Medical Devices Market Outlook

The global 3D printing medical devices market is estimated at USD 2.9 Billion in 2022 and is forecast to surpass USD 11.5 Billion by 2032, growing at a CAGR of 14.5% from 2022 to 2032.

Report Attributes	Details
Base Year Value (2021A)	USD 2.5 Billion
Estimated Year Value (2022E)	USD 2.9 Billion
Projected Year Value (2032F)	USD 11.5 Billion
Global Growth Rate (2022-2032)	CAGR 14.5%
East Asia Market Share in 2021	~19.5%
East Asia Market Growth Rate (2022-2032)	CAGR 16.2%
Collective Value Share (US, China, India) 2021: Top 3 Countries	~39%
Top 5 Companies Market Share in 2021	~19%
Key Companies Profiled	3D Systems Corporation Biomedical Modeling Inc. Carbon, Inc. General Electric Company Envision TEC GmbH Materialise NV Organovo Holdings, Inc. Groupe Gorge SA Renishaw Plc SLM Solutions Group AG Stratasys Ltd. Cyfuse Biomedical K.K. Other Market Players

The global 3D printing medical devices market accounted for ~1% of the global medical devices market in 2021. The global 3D printing medical devices market is estimated to have an absolute $ opportunity of USD 8.5 Billion during the forecast years of 2022-2032.

The demand for 3D printing medical devices is witnessing an upsurge owing to the number of benefits offered by it. They are greatly used by the surgeons to reduce the duration of anesthesia exposure and planning surgeries. Dental restorations, orthopaedic implants, external prosthetics etc. are some of the examples of 3D printing medical devices. This is expected to drive the sales of 3D printing materials in the coming years.

2017-2021 Global 3D Printing Medical Devices Market Outlook in Comparison to 2022-2032 Growth Forecast

The global 3D printing medical devices are estimated to register an attractive double-digit CAGR during forecast years. 3D printing is a kind of additive manufacturing where medical devices are being built using 3D printing technology.

Due to the presence of flexibility, medical device designers are able to set up additional equipment, remove the requirement of tools, or make changes easily due to 3D printing. This is expected to boost market demand by 1.3X during the forecast years.

Fact.MR projects the 3D printing medical devices market is expected to witness exhibiting growth at 10.9% CAGR during 2022-2032 in comparison to a CAGR of 14.5% with which it grew from 2017 to 2021.

Transforming the Utilization of Medical Devices

The 3D printing technology carries the potential for transforming the utilization of medical devices in the healthcare sector for the treatment of patients. The technology builds implantable medical devices and non-implantable medical devices which are a cost-effective solution as well. Thereby supporting market growth by nearly 1/4th or ~25% in coming years.

3D printed medical devices enable surgeons to plan surgeries, which minimizes risks during complex medical procedures and maximize success rate. It also helps in narrowing down the risk of infection and reducing the duration of anaesthesia exposure, which helps to enable patients to recover faster. This is estimated to provide a gain of 245 BPS during the forecast years.

Additionally, 3D printing technology is making testing convenient on 3D printed organs thereby revolutionizing preclinical drug testing, hence providing an alternative to animal testing. This is estimated to further support the growth of the 3D printing medical devices market by 2/5th or ~40% of current levels.

3D Printed Tablets Creating More Avenues for Growth

The introduction of 3D printed tablets has witnessed enhanced application in the pharmaceutical industry, creating further growth and revenue opportunities in the 3D printing medical devices market. Collaborations between leading market players and academic institutions are witnessed worldwide, thereby investing in research and developmental activities, supporting market growth by 1.3X.

However, high pricing of printers, lack of structured regulation, limited technical expertise, unfavorable reimbursement policies, and biocompatibility issues that pertain to 3D printed medical devices are expected to hinder market growth by 0.5X in coming years.

Region-wise Insights

Which region accounts for more enhanced demand for 3D Printing Medical Devices Market?

North America 3D printing medical devices market accounts for the largest market share of 24.8%. The region is projected to witness a CAGR of 14.3% during the forecast years of 2022-2032.

Higher growth is mainly attributed to the strong base of healthcare facilities such as diagnostic centres, hospitals in addition to escalating installation base for 3D printers in healthcare facilities.

What is the market scenario in Asia-Pacific?

The Asia-Pacific 3D printing medical devices market consists of East Asia and South Asia accounts for 19.5% and 18.7% of the 3D printing medical devices market. Collectively, they hold 38.2% of the overall 3D printing medical devices market share together.

However, the region is expected to be the fastest expanding market for the product and is projected to grow at a CAGR of 15.3% during the forecast years. This is attributed to the growing demand for healthcare services, and a strong growth witnessed in demand for medical devices.

Additionally, medical device companies are looking to enter the region to expand their business as it is a prime location for manufacturing and sourcing for medical companies. This is expected to further fuel the market in the coming years.

Category-wise Insights

Which product type dominates the 3D Printing Medical Devices Market during the assessment period of 2022-2032?

The software & services segment under product type holds nearly 1/3rd i.e. ~34.8% market share. Owing to the utility, cost-effectiveness, accuracy and uniformity offered by the software & services in medical devices, this segment is estimated to register a CAGR of 15.4% during the forecast years.

Which technology segment is estimated to account for largest market share in 3D Printing Medical Devices Market?

Based on technology, laser beam melting holds the largest market share of 27.8% and is projected to grow at a CAGR of 14.9% during the forecast years of 2022-2032. This is attributed to the augmented application of 3D printing in dental industry and for the manufacturing of implants for minimally invasive surgery.

Which application segment is expected to be the largest contributor in market share during the forecast period in 3D Printing Medical Devices Market?

The implants and tissue engineering segment under the application segment holds the largest 3D printing medical devices market share of 41.2% and 35.3% respectively. This is attributed to its large scale usage in the manufacturing of custom implants and prosthetics. They are made out of a range of materials such as ceramics, plastics, metals, biological materials etc.

The 3D printing customizable implants are attracting many medical devices companies making them purchase 3D printers, which is estimated to provide a gain of 430 BPS to the market in coming years. However, the external wearable devices are estimated to register a higher CAGR of 15.6% during the forecast years, as a rising trend towards health consciousness and using smart wearables to monitor daily activity. 

Which end-user segment holds more market share and is poised to show more growth in 3D Printing Medical Devices Market?

The hospitals hold 52.7% of the overall 3D printing medical devices market share, according to Fact.MR research. The segment will grow at an attractive CAGR of 15.1% during the forecast years of 2022-2032. The higher growth is attributed to hospitals as they are the most attractive end-users of 3D printing medical devices and the segment is expected to be dominant in coming years as well.

Competitive Landscape: Top Companies in 3D Printing Medical Devices Market

The global 3D printing medical devices market is highly fragmented and competitive owing to the existence of many domestic and regional players. Various marketing strategies are adopted by key players such as mergers and acquisitions, expansions, collaborations and partnerships.

Also, new product development as a strategic approach is adopted by the leading companies to upscale their market presence among consumers. These strategies have resulted in the incorporation of advanced 3D printing medical devices.

Fact.MR has provided detailed information about price points of top manufacturers of 3D printing medical devices market positioned across regions, sales growth, production capacity, and speculative technological expansion in the recently published report.

For instance:

1. Stratasys Ltd. in March 2021, introduced a J5 DentaJet 3D Poly Jet printer to be used by dental laboratories
2. SLM Solutions partnered with Canwell Medical in the year 2020. This partnership will allow Canwell Medical to use SLM machines to make 3D printed surgical implant products. Application and technical assistance along with research and developmental support will be provided to Canwell Medical taking a step towards serial production and product certification.

Global 3D Printing Medical Devices Market by Category

• By Product Type, Global 3D Printing Medical Devices Market is segmented as:

  • 3D Printers
  • 3D Bio-Printers
  • Materials
  • Software & Services

• By Technology, Global 3D Printing Medical Devices Market is segmented as:

  • Laser Beam Melting
  • Photo Polymerization
  • Three-Dimensional Printing
  • Electron Beam Melting
  • Droplet Deposition

• By Application, Global 3D Printing Medical Devices Market is segmented as:

  • Implants
  • Tissue Engineering
  • External Wearable Devices

• By End-User, Global 3D Printing Medical Devices Market is segmented as:

  • Hospitals
  • Academic Institutes
  • Contract Research Organizations
  • Pharma and Biotech Companies

• By Region, Global 3D Printing Medical Devices Market is segmented as:

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • MEA