Report Overview

Global 3D Printing Medical Devices Market - Industry Trends & Forecast Report 2028

Global 3D Printing Medical Devices Market was worth USD 2.55 billion in 2021 and is further projected to reach USD 6.87 billion by the year 2028, exhibiting a CAGR of 15.4% during the forecast period (2022-2028). The rapid expansion of the market is predominantly due to the rapidly growing use of 3D printing in the healthcare sector. Also, the increase in pharmaceutical applications presents potential opportunities for the industry. Additionally, significant expenditures in R&D, a quickening of customer development, an expansion in the range of biomedical applications, and substantial R&D for the improvement of 3D printers at the academic and industrial levels have all contributed to the market's success. Furthermore, collaborations between businesses, hospitals, and academic institutions have also aided in the market's expansion.

3D Printing Medical Devices - Overview

3D printing is a technique that uses digital instructions to create an object. The 3D printer fuses the materials in layers based on the digital data instructions. The materials used are powdered ceramics, plastics, and metals. Recently, 3D-printing technology has been expanded to include the use of human tissues and components in the creation of medical devices. Moreover, prosthetics, implants, orthopedic and orthotic devices (e.g., joint replacement, splints), and surgical instruments custom-made for a patient's specific anatomy are among the medical applications for 3D printing. 3D printing has also been used to create anatomical mechanisms for respiratory, spinal, craniofacial, and dental repair. Additionally, Artificial intelligence (AI) combined with 3D printing of medical devices is expected to open up new market opportunities. Device developers can also embed sensors and trackers into 3D printed accessories, increasing their durability, ergonomics, and usefulness.

Global 3D Printing Medical Devices Market Forecast and Trends

Growth Drivers

Growing Public-Private Funding for 3D Printing Initiatives is the Primary Motivator

Public-private investment for various efforts in the 3D printing sector has significantly increased in recent years. Such research and financing initiatives are anticipated to accelerate the development of 3D printing technologies and goods, consequently bolstering the market for 3D printed medical equipment.

Here are some recent developments from the past few years: The nTopology (US) company obtained USD 40 million in funding in September 2020 for the creation of the nTop software platform for additive manufacturing techniques. The University of Huddersfield (UK) received funding from Innovate UK in March 2019 totaling USD 2.6 million (EUR 2.25 million) for the creation of a new generation of the electron-beam additive manufacturing (EBAM) printer.

Changing the Way Medical Devices are Used

The use of medical devices in the healthcare industry for patient treatment has the potential to change as a result of 3D printing technology. The technology also produces non-implantable medical devices that are an affordable alternative to implantable medical devices. Hence promoting market growth of about 25% in the ensuing years. Surgery planning is made possible by 3D printed medical devices, which reduces risks and increases success rates for difficult medical procedures. Additionally, it aids in lowering the risk of infection and shortening the time spent under anesthesia, which enables patients to recover more quickly. A gain of 245 BPS is anticipated during the forecast years as a result of this.

Tablets made with 3D Printing are Expanding the Market.

The market for 3D-printed medical devices has experienced considerable development and revenue prospects as a result of the increased application of 3D-printed tablets in the pharmaceutical sector. Collaborations between top industry companies and academic institutions are often observed; these investments in R&D activities promote the 1.3X expansion of the market. Moreover, rising research and development spending, particularly in developed and developing nations, will further generate attractive chances for market expansion. The development of medical devices is being supported by research and development capabilities, which are accelerating market growth.

Restraints

Lack of Competent Workers

The absence of a competent workforce due to insufficient specialized additive manufacturing training is one of the main obstacles to the adoption of additive manufacturing or 3D printing. A relatively small pool of qualified personnel is now accessible, which is made even more problematic by the market for 3D-printed medical devices evolving so quickly in terms of technology and materials. There aren't many training programs for additive manufacturing, and it's challenging to bridge the gap between theoretical research and real-world commercial implementations. The final product's quality is impacted by a workforce that lacks a thorough understanding of the additive manufacturing process' design cycle and production cycle. The medical device industry's overall adoption of 3D printing would be constrained by the lack of such a workforce.

Impact of COVID-19 on Global 3D Printing Medical Devices Market

A negative effect on the market for 3D printing in healthcare is projected as a result of the unprecedented worldwide public health threat known as COVID-19. The COVID-19 pandemic and the issues it brought about, such as a bad macroeconomic environment and a worldwide halt in capital investments, had a considerable negative impact on income. To emphasize COVID-19 treatment, non-elective procedures were postponed, which affected the market. However, the market, on the other hand, is improving and is likely to return to normal as the government's assistance grows. During the forecast period (2022-2028), the market is expected to rise due to the quickest recovery rates in some regions and rising electric vehicle sales. Which in turn anticipated to surge in the demand for brake pads. 

Global 3D Printing Medical Devices Market - By Product

Based on the product, the Global 3D Printing Medical Devices Market is segmented into Equipment, Materials, Services, and Software. Among these, Software and Services account for the largest share in the Global 3D Printing Medical Devices Market. This is because of the cost-effectiveness, utility, uniformity, and accuracy provided by services for medical device 3D printing. Also, the key reason fueling the expansion is the introduction of continual technological breakthroughs in software solutions to manufacturing high-quality 3D-printed medical items. All these factors propel the growth of the Global 3D Printing Medical Devices Market during a forecast period (2022-2028).

Global 3D Printing Medical Devices Market – By Technology

Based on technology, the Global 3D Printing Medical Devices Market is segmented into Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Three-Dimensional Printing/Adhesion Bonding/Binder Jetting, and others. Among these, the Laser Beam Melting segment holds the largest market share owing to its expanding use in the dentistry sector and the production of implants for minimally invasive surgery. Moreover, during the projected period (2022-2028), photopolymerization is anticipated to rule the market. The causes that have contributed to the exponential expansion of surgical guides (including orthopedic, dental, and CMF guides), prosthetics, porous scaffolds, and dental restorations in the medical sector can be attributed.

Global 3D Printing Medical Devices Market - By Region

Geographically, the Global 3D Printing Medical Devices Market is segmented into North America, Europe, The Asia Pacific, Latin America, and The Middle East and Africa. Among these, the North America segment now has the biggest market share. This is related to the extensive use of 3D printing technology and the numerous partnerships between business and academic institutions in this area. Additionally, advances in 3D printing technology increased financing for the field of healthcare 3D printers, and an increase in the number of patients in this region have all contributed to the dominance of this industry. Moreover, the growth of the market is fueled by an increase in product approval, product launches, and acquisitions by major firms operating in North America.

Competitive Landscape

The leading market players in the Global 3D Printing Medical Devices Market are Stratasys, EnvisionTEC, Koninklijke Philips N.V, 3D Systems Inc, EOS, Renishaw Plc, Materialize, 3T Additive Manufacturing Ltd, General Electric, Carbon Inc, Prodways Group, SLM Solutions, Organovo Holdings, Anatomics Pty Ltd, FIT AG, and other prominent players.

The Global 3D Printing Medical Devices Market is highly fragmented with the presence of several manufacturing companies in the country. The market leaders retain their supremacy by spending on research and development, incorporating cutting-edge technology into their goods, and releasing upgraded items for customers. Various tactics, including strategic alliances, agreements, mergers, and partnerships, are used.

Recent Development

• In September 2020, nTopology (US) raised funding of USD 40 million for the development of the nTop software platform for additive manufacturing processes. This will prove to be profitable in the long run.

Scope of the Report

By Product

• Equipment

• Materials

• Services

• Software

By Technology

• Laser Beam Melting

• Photopolymerization

• Droplet Deposition/Extrusion-Based Technologies

• Electron Beam Melting

• Three-Dimensional Printing/Adhesion Bonding/Binder Jetting

• Others

          By Application  

• Surgical Guides

• Surgical Instruments

• Standard Prosthetics and Implants

• Custom Prosthetics and Implants

• Tissue-Engineered Products

• Hearing Aids

• Wearable Medical Devices

• Others

By End-User

• Hospitals and Surgical Centers

• Dental and Orthopedic Clinics

• Academic Institution and Research Laboratories

• Pharma-Biotech and Medical Device Companies

• Clinical Research Organization

• Others

By Region

• North America

• Europe

• The Asia Pacific

• Latin America

1. Research Framework
   1. Research Objective
   2. Product Overview
   3. Market Segmentation
2. Research Methodology
   1. Qualitative Research
      1. Primary & Secondary Research
   2. Quantitative Research
   3. Market Breakdown & Data Triangulation
      1. Secondary Research
      2. Primary Research
   4. Breakdown of Primary Research Respondents, By Region
   5. Assumption & Limitation
3. Executive Summary
4. Global 3D Printing Medical Devices Market Insights
   1. Industry Value Chain Analysis
   2. DROC Analysis
      1. Growth Drivers
      2. Restraints
      3. Opportunities
      4. Challenges
   3. Technological Advancement/Recent Development
   4. Regulatory Framework
   5. Porter’s Five Forces Analysis
      1. Bargaining Power of Suppliers
      2. Bargaining Power of Buyers
      3. Threat of New Entrants
      4. Threat of Substitutes
      5. Intensity of Rivalry
5. Global 3D Printing Medical Devices Market Overview
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product
         1. Equipment
         2. Materials
         3. Services
         4. Software
      2. By Technology
         1. Laser Beam Melting
         2. Photopolymerization
         3. Droplet Deposition/Extrusion-Based Technologies
         4. Electron Beam Melting
         5. Three-Dimensional Printing/Adhesion Bonding/Binder Jetting
         6. Others

1. 1. 3. By Application
         1. Surgical Guides
         2. Surgical Instruments
         3. Standard Prosthetics and Implants
         4. Custom Prosthetics and Implants
         5. Tissue-Engineered Products
         6. Hearing Aids
         7. Wearable Medical Devices
         8. Others

5. 1. 4. By End-User
         1. Hospitals and Surgical Centers
         2. Dental and Orthopedic Clinics
         3. Academic Institution and Research Laboratories
         4. Pharma-Biotech and Medical Device Companies
         5. Clinical Research Organization
         6. Others
      5. By Region
         1. North America
         2. Europe
         3. The Asia Pacific
         4. Latin America
         5. The Middle East and Africa
6. North America 3D Printing Medical Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product type
      2. By Technology
      3. By Application
      4. By Technology
      5. By Country
         1. United States
         2. Canada
7. Europe 3D Printing Medical Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product type
      2. By Technology
      3. By Application
      4. By End-User
      5. By Country
         1. Germany
         2. United Kingdom
         3. Italy
         4. France
         5. Spain
         6. Rest of Europe
8. The Asia Pacific 3D Printing Medical Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product type
      2. By Technology
      3. By Application
      4. By End-User
      5. By Country
         1. China
         2. India
         3. Japan
         4. South Korea
         5. Rest of Asia Pacific
9. Latin America 3D Printing Medical Devices Market
   1. Market Size & Forecast by Value, 2018-2028
      1. By Value (USD Million)
   2. Market Share & Forecast
      1. By Product type
      2. By Technology
      3. By Application
      4. By End-User
      5. By Country
         1. Brazil
         2. Mexico
         3. Rest of Latin America
10. The Middle East & Africa 3D Printing Medical Devices Market
    1. Market Size & Forecast by Value, 2018-2028
       1. By Value (USD Million)
    2. Market Share & Forecast
       1. By Product type
       2. By Technology
       3. By Application
       4. By End-User
       5. By Country
          1. Saudi Arabia
          2. UAE
          3. South Africa
          4. Rest of Middle East & Africa
2. Competitive Landscape
   1. List of Key Players and Their Offerings
   2. Market Share Analysis, 2021
   3. Competitive Benchmarking, By Operating Parameters
   4. Key Strategic Development (Merger, Acquisition, Partnership.)
3. Supplier Analysis
4. Impact of Covid-19 on Global 3D Printing Medical Devices Market Industry
5. Company Profile (Company Overview, Financial Matrix, Competitive landscape, Key Personnel, Key Competitors, Contact Address, and Strategic Outlook) **
   1. Stratasys
   2. EnvisionTEC
   3. Koninklijke Philips N.V
   4. 3D Systems Inc
   5. EOS
   6. Renishaw Plc
   7. Materialize
   8. 3T Additive Manufacturing Ltd
   9. General Electric
   10. Carbon Inc
   11. Prodways Group
   12. SLM Solutions
   13. Organovo Holdings
   14. Anatomics Pty Ltd
   15. FIT AG
   16. Other Prominent Players

6. Key Strategic Recommendations

*Financial information in case of non-listed companies will be provided as per availability

**The segmentation and the companies are subjected to modifications based on in-depth secondary for the final deliverable

List of Figures

Figure 1: Global 3D Printing Medical Devices Market Segmentation

Figure 2: Global 3D Printing Medical Devices Industry Value Chain Analysis

Figure 3: Global 3D Printing Medical Devices Market Size, By Value (USD Million), 2018-2028

Figure 4: Global 3D Printing Medical Devices Market Share (%), By Product type, By Value, 2018-2028

Figure 5: Global 3D Printing Medical Devices Market Share (%), By Technology, By Value, 2018-2028

Figure 6: Global 3D Printing Medical Devices Market Share (%), By Application, By Value, 2018-2028

Figure 7: Global 3D Printing Medical Devices Market Share (%), By End-User, By Value, 2018-2028

Figure 8: Global 3D Printing Medical Devices Market Share (%), By Country, By Value, 2018-2028

Figure 9: North America 3D Printing Medical Devices Market Size, By Value (USD Million), 2018-2028

Figure 10: North America 3D Printing Medical Devices Market Share (%), By Product type, By Value, 2018-2028

Figure 11: North America 3D Printing Medical Devices Market Share (%), By Technology, By Value, 2018-2028

Figure 12: North America 3D Printing Medical Devices Market Share (%), By Application, By Value, 2018-2028

Figure 13: North America 3D Printing Medical Devices Market Share (%), By End-User, By Value, 2018-2028

Figure 14: North America 3D Printing Medical Devices Market Share (%), By Country, By Value, 2018-2028    

Figure 15: Europe 3D Printing Medical Devices Market Size, By Value (USD Million), 2018-2028

Figure 16: Europe 3D Printing Medical Devices Market Share (%), By Product type, By Value, 2018-2028

Figure 17: Europe 3D Printing Medical Devices Market Share (%), By Technology, By Value, 2018-2028

Figure 18: Europe 3D Printing Medical Devices Market Share (%), By Application, By Value, 2018-2028

Figure 19: Europe 3D Printing Medical Devices Market Share (%), By End-User, By Value, 2018-2028

Figure 20: Europe 3D Printing Medical Devices Market Share (%), By Country, By Value, 2018-2028

Figure 21: The Asia-Pacific 3D Printing Medical Devices Market Size, By Value (USD Million), 2018-2028

Figure 22: The Asia-Pacific 3D Printing Medical Devices Market Share (%), By Product type, By Value, 2018-2028

Figure 23: The Asia-Pacific 3D Printing Medical Devices Market Share (%), By Technology, By Value, 2018-2028

Figure 24: The Asia-Pacific 3D Printing Medical Devices Market Share (%), By Application, By Value, 2018-2028 

Figure 25: The Asia-Pacific 3D Printing Medical Devices Market Share (%), By End-User, By Value, 2018-2028 

Figure 26: The Asia-Pacific 3D Printing Medical Devices Market Share (%), By Country, By Value, 2018-2028

Figure 27: Latin America 3D Printing Medical Devices Market Size, By Value (USD Million), 2018-2028

Figure 28: Latin America 3D Printing Medical Devices Market Share (%), By Product type, By Value, 2018-2028

Figure 29: Latin America 3D Printing Medical Devices Market Share (%), By Technology, By Value, 2018-2028

Figure 30: Latin America 3D Printing Medical Devices Market Share (%), By Application, By Value, 2018-2028

Figure 31: Latin America 3D Printing Medical Devices Market Share (%), By End-User, By Value, 2018-2028

Figure 32: Latin America 3D Printing Medical Devices Market Share (%), By Country, By Value, 2018-2028

Figure 33: The Middle East & Africa 3D Printing Medical Devices Market Size, By Value (USD Million), 2018-2028

Figure 34: The Middle East & Africa 3D Printing Medical Devices Market Share (%), By Product type, By Value, 2018-2028

Figure 35: The Middle East & Africa 3D Printing Medical Devices Market Share (%), By Technology, By Value, 2018-2028

Figure 36: The Middle East & Africa 3D Printing Medical Devices Market Share (%), By Application, By Value, 2018-2028

Figure 37: The Middle East & Africa 3D Printing Medical Devices Market Share (%), By End-User, By Value, 2018-2028

Figure 38: The Middle East & Africa 3D Printing Medical Devices Market Share (%), By Country, By Value, 2018-2028

Figure 39: Global 3D Printing Medical Devices Market Share Analysis, 2021

List of Tables

Table 1: Global 3D Printing Medical Devices Market Size, By Product type, By Value (USD Million), 2018-2028

Table 2: Global 3D Printing Medical Devices Market Size, By Technology, By Value (USD Million), 2018-2028

Table 3: Global 3D Printing Medical Devices Market Size, By Application, By Value (USD Million), 2018-2028

Table 4: Global 3D Printing Medical Devices Market Size, By End-User, By Value (USD Million), 2018-2028

Table 5: Global 3D Printing Medical Devices Market Size. By Country, By Value (USD Million), 2018-2028

Table 6: North America 3D Printing Medical Devices Market Size, By Product type, By Value (USD Million), 2018-2028

Table 7: North America 3D Printing Medical Devices Market Size, By Technology, By Value (USD Million), 2018-2028

Table 8: North America 3D Printing Medical Devices Market Size, By Application, By Value (USD Million), 2018-2028

Table 9: North America 3D Printing Medical Devices Market Size, By End-User, By Value (USD Million), 2018-2028

Table 10: North America 3D Printing Medical Devices Market Size (USD Million), By Country, By Value 2018-2028 

Table 11: Europe 3D Printing Medical Devices Market Size, By Product type, By Value (USD Million), By Value 2018-2028

Table 12: Europe 3D Printing Medical Devices Market Size, By Technology, By Value (USD Million), By Value 2018-2028

Table 13: Europe 3D Printing Medical Devices Market Size, By Application, By Value (USD Million), By Value 2018-2028

Table 14: Europe 3D Printing Medical Devices Market Size, By End-User, By Value (USD Million), By Value 2018-2028

Table 15: 40 Europe 3D Printing Medical Devices Market Size (USD Million), By Country, By Value 2018-2028

Table 16: The Asia-Pacific 3D Printing Medical Devices Market Size, By Product type, By Value (USD Million), By Value 2018-2028

Table 17: The Asia-Pacific 3D Printing Medical Devices Market Size (USD Million), By Product type, By Value 2018-2028

Table 18: The Asia-Pacific 3D Printing Medical Devices Market Size (USD Million), By Technology, By Value 2018-2028

Table 19: The Asia-Pacific 3D Printing Medical Devices Market Size (USD Million), By Application, By Value 2018-2028

Table 20: The Asia-Pacific 3D Printing Medical Devices Market Size (USD Million), By End-User, By Value 2018-2028

Table 21: The Asia-Pacific 3D Printing Medical Devices Market Size (USD Million), By Country, By Value 2018-2028

Table 22: Latin America 3D Printing Medical Devices Market Size, By Product type, By Value (USD Million), By Value 2018-2028

Table 23: Latin America 3D Printing Medical Devices Market Size, By Technology, By Value (USD Million), 2018-2028

Table 24: Latin America 3D Printing Medical Devices Market Size, By Application, By Value (USD Million), 2018-2028

Table 25: Latin America 3D Printing Medical Devices Market Size, By End-User, By Value (USD Million), 2018-2028

Table 26: Latin America 3D Printing Medical Devices Market Size (USD Million), By Country, By Value 2018-2028  

Table 27: The Middle East & Africa 3D Printing Medical Devices Market Size, By Product type, By Value (USD Million), 2018-2028

Table 28: The Middle East & Africa 3D Printing Medical Devices Market Size, By Technology, By Value (USD Million), 2018-2028

Table 29: The Middle East & Africa 3D Printing Medical Devices Market Size, By Application, By Value (USD Million), 2018-2028

Table 30: The Middle East & Africa 3D Printing Medical Devices Market Size, By End-User, By Value (USD Million), 2018-2028

Table 31: The Middle East & Africa 3D Printing Medical Devices Market Size (USD Million), By Country, By Value 2018-2028 

Table 32:  List of Key Players and Their Offerings

Table 33:  Competitive Benchmarking, by Operating Parameters

Table 34        Stratasys Company Overview

Table 35        Stratasys Financial Overview

Table 36        EnvisionTEC Company Overview

Table 37        EnvisionTEC Financial Overview

Table 38        Koninklijke Philips N.V Company Overview

Table 39        Koninklijke Philips N.V Financial Overview

Table 40        3D Systems Inc Company Overview

Table 41        3D Systems Inc Financial Overview

Table 42        EOS Company Overview

Table 43        EOS Company Financial Overview

Table 44        Renishaw Plc Company Overview

Table 45        Renishaw Plc Financial Overview

Table 46        Materialize Company Overview

Table 47        Materialize Company Financial Overview

Table 48        3T Additive Manufacturing Ltd Company Overview

Table 49        3T Additive Manufacturing Ltd Financial Overview

Table 50        General Electric Company Overview

Table 51        General Electric Company Financial Overview

Table 52        Carbon Inc Company Overview

Table 53        Carbon Inc Financial Overview

Table 54        Prodways Group Company Overview

Table 55        Prodways Group Financial Overview

Table 56        SLM Solutions Company Overview

Table 57        SLM Solutions Financial Overview

Table 58        Organovo Holdings Company Overview

Table 59        Organovo Holdings Financial Overview

Table 60        Anatomics Pty Ltd Company Overview

Table 61        Anatomics Pty Ltd Financial Overview

Table 62        FIT AG Company Overview

Table 63        FIT AG Company Financial Overview