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The 3d printing medical devices market size is valued to increase USD 7.08 billion, at a CAGR of 25.2% from 2023 to 2028. Increased demand for personalized or customized medical devices will drive the 3d printing medical devices market.
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The 3d printing medical devices industry research report provides comprehensive data (region-wise segment analysis), with forecasts and estimates in "USD million" for the period 2024-2028, as well as historical data from 2018-2022 for the following segments.
The orthopedic and spinal segment is estimated to witness significant growth during the forecast period.
In the realm of medical devices, 3D printing technology has emerged as a game-changer, particularly in the production of orthopedic implants and prosthetic devices. The market for these innovations is experiencing significant growth, with an increasing number of hospitals and ambulatory surgery centers adopting the technology. According to recent reports, the global market for 3D printed medical devices is projected to expand by 21% in the upcoming year, while the demand for patient-specific implants is expected to surge by 25%. Bioresorbable polymers and advanced manufacturing techniques, such as selective laser melting and material extrusion, are revolutionizing the industry. These technologies enable the creation of complex structures, including scaffold designs with surface modifications, and the optimization of mechanical properties through finite element analysis.
Moreover, 3D printing facilitates rapid prototyping, which is crucial in the development of craniofacial reconstruction, orthopedic implants, and tissue engineering applications. The integration of 3D printing in medical devices extends beyond implants and prosthetics. It is also employed in the fabrication of surgical guides, drug delivery systems, vascular grafts, and even in image-guided surgery. The technology's potential for personalized medicine and regenerative medicine is immense, with applications in cell culture, cell seeding, and bioprinting. Quality control measures, including biocompatibility testing, bioactivity testing, and regulatory compliance, are essential to ensure the safety and efficacy of these devices. As the market continues to evolve, process optimization and the use of biocompatible materials, such as those derived from computer-aided design, will become increasingly important.
The future of 3D printing in medical devices is promising, with its potential to revolutionize the healthcare industry and improve patient outcomes.
The Orthopedic and spinal segment was valued at USD 697.60 billion in 2018 and showed a gradual increase during the forecast period.
North America is estimated to contribute 40% to the growth of the global market during the forecast period.Technavio's analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period.
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The market in North America is experiencing significant expansion due to enhanced healthcare infrastructure and the widespread adoption of these technologies in medical facilities. In 2022, 3D Systems, a leading player, reported a substantial portion of its revenue from this region. The presence of influential professional societies, such as the Society for Manufacturing Engineers and the Radiological Society of North America, advocating for 3D printing in healthcare further bolsters the market's growth.
These organizations are dedicated to building evidence for the clinical utility of 3D printing, contributing to its increasing acceptance in the medical sector.
Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
The market is experiencing rapid growth as this advanced technology revolutionizes the healthcare industry. Biocompatible polymers, such as those used in selective laser melting for titanium implants, are a key focus in 3d printing medical devices due to their ability to mimic natural tissue structures. Design validation is paramount in medical printing, ensuring the production of accurate, functional devices. One of the most promising applications is in the field of bioprinting, where human tissues and organs are being developed for transplants. Three-dimensional printed drug delivery scaffolds and personalized cranial implants are already in use, demonstrating the potential for patient-specific treatments.
Additive manufacturing is also transforming the dental industry with the production of custom restorations. Quality control and regulatory compliance are essential in medical device printing. Computer-aided design and surgical guides, along with finite element analysis of bioprinted scaffolds, ensure the mechanical properties of 3d printed implants meet the required standards. In vivo testing of biocompatible materials, such as bioresorbable polymers, is crucial for understanding degradation rates and cell seeding efficiency. The market for 3d printed medical devices is diverse, with applications ranging from orthopedic implants to bioprinted scaffolds. More than 70% of new product developments focus on personalized medicine and regenerative medicine strategies.
While the market is competitive, a minority of players dominate the high-end instrument segment, offering advanced features and superior bioactivity. Image-guided surgery planning software is a critical component of the 3d printing medical devices ecosystem, enabling precise and efficient surgical procedures. As the market continues to evolve, it is essential to stay informed about the latest trends and developments to capitalize on the opportunities presented by this transformative technology.
The 3d printing medical devices market forecasting report includes the adoption lifecycle of the market, covering from the innovator's stage to the laggard's stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the 3d printing medical devices market report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape of 3D Printing Medical Devices Industry
Companies are implementing various strategies, such as strategic alliances, 3d printing medical devices market forecast, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the industry.
3D Systems Corp. - This research focuses on 3D printing technology in the medical device industry. Notable offerings include the ProJet 360, ProJet 460 Plus, ProJet 5500X, and ProJet 3500 HDMax. These advanced printers enable production of customized, high-quality medical devices, contributing significantly to the sector's growth and innovation.
The industry research and growth report includes detailed analyses of the competitive landscape of the market and information about key companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key industry players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
Dive into Technavio's robust research methodology, blending expert interviews, extensive data synthesis, and validated models for unparalleled 3D Printing Medical Devices Market insights. See full methodology.
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Market Scope |
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Report Coverage |
Details |
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Page number |
181 |
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Base year |
2023 |
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Historic period |
2018-2022 |
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Forecast period |
2024-2028 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 25.2% |
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Market growth 2024-2028 |
USD 7079.6 million |
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Market structure |
Fragmented |
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YoY growth 2023-2024(%) |
19.78 |
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Key countries |
US, Germany, UK, Japan, and China |
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Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
What is the expected growth of the 3D Printing Medical Devices Market between 2024 and 2028?
USD 7.08 billion, at a CAGR of 25.2%
What segmentation does the market report cover?
The report is segmented by Application (Orthopedic and spinal, Dental, Hearing aids, and Others), End-user (Hospitals and clinics, Academic institutes, Pharma and biotech companies, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW))
Which regions are analyzed in the report?
North America, Europe, Asia, and Rest of World (ROW)
What are the key growth drivers and market challenges?
Increased demand for personalized or customized medical devices, High initial setup cost of 3D printing facility
Who are the major players in the 3D Printing Medical Devices Market?
3D Systems Corp., Anatomics Pty Ltd., Autodesk Inc., Biomerics LLC, Boston Scientific Corp., Desktop Metal Inc., EOS GmbH, Exail Technologies, Formlabs Inc., General Electric Co., INTAMSYS TECHNOLOGY CO. LTD., MATERIALISE NV, Mecuris GmbH, Medtronic Plc, Organovo Holdings Inc., Qualtech Consulting Corp., Renishaw Plc, Schultheiss GmbH, SLM Solutions Group AG, and Stratasys Ltd.
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation by Application
7 Market Segmentation by End-user
8 Customer Landscape
9 Geographic Landscape
10 Drivers, Challenges, and Opportunity/Restraints
11 Competitive Landscape
12 Competitive Analysis
13 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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