The 3D printed medical devices market is likely to expand its roots at a robust CAGR of 16.3% during the forecast period. The market holds a share of USD 799.8 million in 2023, while it is anticipated to cross a value of USD 3.6 billion by 2033.
The 3D printed medical devices market outlook states that the development of 3D printing for medical use has revolutionized the orthopedic and surgical infrastructure. This kind of printing delivers lighter, stronger, and safer products, such as replicas of organs, bones, and blood vessels.
The industry focuses on creating 3D-printed medical products that reduce lead time while lowering the costs of treatment. Advancements in the orthopedic section of healthcare, along with its support for modern ortho biologics products and regenerative medicines, are fueling the demand for it. Furthermore, the expanding surgical planning and customized surgery space are also consuming a significant amount of 3D-printed medical devices as it delivers better treatment options and reduces the risk of surgeries. The ongoing transformation of surgical implants has been a success as it helps in building medical clamps, forceps, needle drivers, etc.
The research report on the 3D printed medical devices market explains the market dynamics in detail. From molds, prostheses, and customizable implants, 3D printing technology has transformed the space of medical devices. Healthcare facilities and hospitals are constantly spreading awareness about the use of these devices. Digital dentistry and 3D printing biomaterials are also providing improved results to each patient’s oral cavity.
| Attributes | Details |
|---|---|
| Market CAGR (2023 to 2033) | 16.3% |
| Market Size (2023) | USD 799.8 million |
| Market Size (2033) | USD 3.6 billion |
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Short-term Growth: The 3D printed medical devices market held nearly 5.2% of the overall USD 12.2 billion 3D printing market in 2021.
The process of advanced and digital technologies integrated into routine medical practices has experienced a surge in applications in various medical institutes around the globe. However, the cost of installation of such devices may prove hefty to small businesses or economies with limited access to such technologies.
Mid-term Growth: 3D printing or additive manufacturing has set foot in the medical device, instrumentation, and equipment industry. With greater precision in the development and modeling of precise instrumentations for surgical-based applications with 3D-printed advanced manufacturing techniques, the efficiency of the said device/instrument/equipment also enhances.
Long-term Growth: The efficiency is defined in terms of the cost of production and manufacturing, as well as the total cost of development with software-based modeling. Thus, preventing errors in applicative medical procedures. Moreover, the utilization of 3D printed modeling for disease identification and drug delivery has paved the way for customizable as well as optimized device solutions for the management of disease indications as per the desired patient outcome.
The opportunistic growth in the 3D printed medical devices market is set to be enabled through the advancements in digitalized solutions in various fields, including the digitalization of dentistry and other medical procedures. The aim is to optimize the clinical workflow through automated processes. As an instance in the varied arrays of medical practices which have experienced a definitive shift from traditional forms of procedure following, the dentistry industry is taken into account. The traditional trend of dental procedures has experienced a shift in the past few years into digital dentistry as well as surgeries.
The process of direct digital manufacturing involves the integration of automated or digitally enhanced programs for the development of a physical form of a digitally designed object.
The advancements in 3D printing have enabled the direct digital manufacturing process technology and thus present a unique set of advantages which include a reduction of lag time between the process of designing as well as production. The incorporation of the 3D printing processes has also resulted in the elimination of investments in tooling, and thus increases production capability.
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One of the prime factors restraining the adoption of additive manufacturing is the shortage of a skilled workforce. The issue relies on the presence of a limited resource pool available for staff who is well-versed in the process of 3D printing. This factor is further affected by the rapidly evolving 3D printing devices for medical applications in the market, in terms of material and technology.
Additive manufacturing is yet to be widely adopted, and as for the practical applications of the 3D printing process, there is a large disparity between textual and academic applications, and hence acts as a barrier for industrial applications of 3D printed medical devices.
Circling back to the valuation of a skilled workforce in the additive manufacturing process, the technicians with insufficient understanding of the process may affect the final quality of the manufactured product. Thus, the lack of a skilled workforce is a restrictive factor in terms of the overall adoption of the 3D-printed medical devices market.
| Region | Absolute Market Growth |
|---|---|
| United States of America | USD 1.4 billion |
| United Kingdom | USD 97.6 million |
| China | USD 181.4 million |
| Japan | USD 228.8 million |
| India | USD 22.3 million |
The USA Spends High Capital for the Prosthetic Enhancements and Orthopedic Transformation
| Region | Attributes |
|---|---|
| United States Market CAGR (2023 to 2033) | 16.9% |
| United States Market Absolute Doller Growth (USD million/billion) | USD 1.4 billion |
The USA is leading with a CAGR of 16.9% between 2023 and 2033 while holding the anticipated market share of USD 1.4 billion by 2033. The USA dominated the North American region with a total market share of over 94.5% in 2021 and is projected to continue experiencing high growth throughout the forecast period. With the large presence of key players in the region, the 3D-printed medical devices market has experienced changing strategic initiatives by the manufacturers in the market space with acquisitions, collaborations, as well as investments, and outsourcing services.
The emergence of Covid-19 and the Rebuilding of Healthcare Infrastructure Makes China Another Prominent Market
| Region | Attributes |
|---|---|
| Chinese Market CAGR (2023 to 2033) | 16.7% |
| Chinese Market Absolute Doller Growth (USD million/billion) | USD 181.4 million |
China held a 66.3% share in the East Asia market in 2021 and is projected to increase at a CAGR of 16.7% during the forecast period. The market is anticipated to hold a value of USD 230.6 million by 2033. The growth of the 3D printed medical devices market in the country is attributed to the rising wave of automation and robotic assistive devices in the region of East Asia, with China as a key developer in integrated technologies. Wider adoption of 3D printed products and medical devices in the country has established a strong base in the Chinese market in the 3D printed medical devices market.
| Region | Attributes |
|---|---|
| Japanese Market CAGR (2023 to 2033) | 16.6% |
| Japanese Market Absolute Doller Growth (USD million/billion) | USD 228.8 million |
In 2021, Japan held an 8.1% share in the global 3D printed medical devices market and is expected to expand at a CAGR of 16.6% from 2023 to 2033. The increasing and lucrative growth is associated with the emergence of many Start-ups in the field of 3D bioprinting in the county. Recent advancements include the production of 3D printing medicines in the country, however, the validity of the process is still under supervision. The market is expected to hold a share of 291.6 million by 2033
Germany exhibited a CAGR of around 18.3% in the European 3D-printed medical devices market between 2022 and 2028. This is mainly due to rising advancements in 3D printing technologies. Also, the availability of 3D printing materials with applications in several industries like cosmetics and pharmaceuticals adds to this growth. Furthermore, the high prevalence of orthopedic patients in the country has given rise to the demand for the 3D-printed medical devices market.
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| Segment | Application |
|---|---|
| Top Sub-segment | Orthopedic Implants |
| CAGR (2017 to 2022) | 19.9% |
| CAGR (2023 to 2033) | 17.2% |
| Segment | Material Type |
|---|---|
| Top Sub-segment | Metal and Alloys |
| CAGR (2017 to 2022) | 14.5% |
| CAGR (2023 to 2033) | 15.7% |
The advent of orthobiologics and an Increased Number of Accidents are Propelling Segment Growth.
Orthopaedic Implants held a revenue share of 40.9% in 2021 and is expected to hold a share over the forecast period with the estimation being 44.3%. The development of orthopedic implants with customized means of applications has been possible through 3D printing technology and has hence gained traction in the adoption rate of such 3D-printed orthopedic implants globally. The segment thrives at a CAGR of 17.2% between 2023 and 2033.
The Application of Metal and Alloys Materials in Medical Devices such as Prosthetics fuels the Segment Growth
Based on material type, the metal and alloys segment thrives at a CAGR of 15.7% during the forecast period. This growth is attributed to the use of strong materials in building prosthetics, medical devices, and surgical instruments. The material is also suitable for operational equipment as it demands rugged and strong equipment.
Based on the distribution channel, hospitals lead the 3D printed medical devices market with more than 57.0% market share in 2021. The incorporation of 3D-printed medical devices in a hospital ensures a lower installation cost and ensures a cost-effective means of application. Several devices incorporated in the hospitals also present optimized device-based characteristics to ensure personalized patient care based on the indications related to the disease.
The leading manufacturers in the 3D printed medical devices market have taken a stake in collaborative advances within the marketspace to ensure technological development as well as to expand production capabilities.
Latest Developments:
The market is pegged to achieve USD 799.8 million in 2023.
The market is anticipated to record a CAGR of 16.3% through 2033.
The United States is a significant market for 3D printed medical devices.
The increasing deployment of 3D- printed medical technology to build prosthetics is a key trend in the market.
Surging demand for advanced 3D molding technology is creating new opportunities in the market.
1. Executive Summary 2. Market Overview 3. Market Background 4. Global Market Analysis 2017 to 2022 and Forecast, 2023 to 2033 5. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Application 5.1. Orthopedic Implants 5.2. Dental Implants 5.3. Carnio-Maxillofacial Implant 6. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Material Type 6.1. Metals and Alloys 6.2. Biomaterial Inks 6.3. Plastics 7. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Technology 7.1. Stereolithography - Liquid-Based 3D Printing 7.2. Selective Layer Sintering - Powder-Based 3D Printing 7.3. Digital Light Processing 7.4. Fused Deposition Modeling - Plastic Filament Extrusion Based 7.5. PolyJet - InkJet 3D Printing 7.6. Electronic Beam Melting 8. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By End User 8.1. Hospitals 8.2. Ambulatory Surgical Centers 8.3. Diagnostic Centers 9. Global Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Region 9.1. North America 9.2. Latin America 9.3. Western Europe 9.4. Eastern Europe 9.5. Asia-Pacific excluding Japan (APEJ) 9.6. Japan 9.7. Middle East and Africa (MEA) 10. North America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 11. Latin America Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 12. Western Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 13. Eastern Europe Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 14. APEJ Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 15. Japan Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 16. MEA Market Analysis 2017 to 2022 and Forecast 2023 to 2033, By Country 17. Key Countries Market Analysis 18. Market Structure Analysis 19. Competition Analysis 19.1. 3D Systems, Inc. 19.2. Arcam AB 19.3. Stratasys Ltd. 19.4. FabRx Ltd. 19.5. EOS GmbH Electro Optical Systems 19.6. EnvisionTEC 19.7. Cyfuse Biomedical K.K. 19.8. Bio3D Technologies 20. Assumptions & Acronyms Used 21. Research Methodology
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3D Printed Medical Devices Market
