3D Printing Medical Devices Market Analysis North America,Europe,Asia,Rest of World (ROW) - US,Germany,UK,Japan,China - Size and Forecast 2023-2027

3D Printing Medical Devices Market Size 2023-2027

The global 3D printing medical devices market size is estimated to grow by USD 3.96 billion at a CAGR of 18.81% between 2022 and 2027. The increase in demand for personalized medical devices and the growing embrace of 3D printing technology among healthcare providers drive market expansion, driven by heightened cost-effectiveness and productivity gains. However, obstacles such as the substantial initial setup expenses for 3D printing facilities, the looming threat of product counterfeiting, and constraints related to raw materials and printing techniques impede growth. The customization trend in medical devices reflects evolving patient needs and preferences, fostering innovation in healthcare delivery. Concurrently, the increasing adoption of 3D printing streamlines production processes, enhancing efficiency across medical sectors. Nevertheless, the formidable upfront investment required to establish 3D printing infrastructures poses a significant challenge. Additionally, the risk of counterfeit products and limitations in materials and printing methods underscore the need for robust regulatory frameworks and ongoing technological advancements to sustain market momentum.

 

What will be the size of the 3D Printing Medical Devices Market During the Forecast Period?

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Market Segmentation by Application, End-user, and Geography Analysis

Technavio has segmented the market into  Application, End-user, and Geography.

• The application segment is classified into orthopedic and spinal, dental, hearing aids, and others.
• The end-user segment is classified into hospitals and clinics, academic institutes, pharma and biotech companies, and others.
• The geography segment includes key regions such as North America, Europe, Asia, and the Rest of the World (ROW)

There is increasing adoption of 3D printing technology across the hospital sector to build patient-matched (or patient-specific) devices and surgical gear. The main advantage of 3D printing technology is that physicians may create personalized implants with any complicated form or geometric characteristic due to the nature of additive layer manufacturing in this technology. It can also be utilized for the development of designed porosity structures, tortuous internal channels, and internal support structures. Hence, there is an increasing demand for 3D printing technology to generate patient-specific devices for different applications, specifically. in the development of standard and complex customized prosthetic limbs. Hence, such benefits and applications are positively impacting the market growth.

The report also includes an in-depth analysis of drivers, trends, and challenges. Our report examines historic data from 2017 to 2021, besides analyzing the current market scenario.

Application Analysis 

Orthopedic And Spinal

The orthopedic and spinal segment is estimated to witness significant growth during the forecast period. The main application of 3D printing is the fabrication of standard-sized orthopedic implants, patient-matched implants for people who have typical bone and joint anatomy, and custom 3D-printed implants for persons who have a deformity in bones or joints. There is an increasing adoption of 3D printing technology across several sectors such as hospitals and ambulatory surgery centers in order to fabricate orthopedic implants.

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The orthopedic and spinal segment was the largest segment and was valued at USD 608.38 million in 2017. This technology has the capability to manufacture complex structures that cannot be generated using traditional production methods and to create devices that are individually matched to the patient's anatomy. It also enables the manufacturing of lattice structures that significantly enhance the healing process following the implant in the body. The key material which is used for the production of 3D-printed orthopedic implants is titanium. The technology enables better porosity in the implants than traditional manufacturing techniques. Hence, such benefits and applications are expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

End-user Analysis

Hospitals And Clinics

One of the main end-users, which are increasingly adopting them in hospitals and clinics in order to enhance patient care and outcomes. 3D printing is significantly revolutionizing the hospital industry with the capability to manufacture customized medical devices. One of the main application areas of 3D printing technology in hospitals is in the field of prosthetics. The main advantage of 3D printing is that it enables the creation of prosthetics that are specifically catering to the needs and body proportions of an individual. By leveraging cans and measurements of the patient, hospitals, and clinics are able to design and print prosthetic limbs that fit perfectly and offer better comfort and functionality. Hence, such benefits are expected to drive market growth during the forecast period.

Academic Institutes

The main purpose of academic institutes is to serve as a hub for research, development, and innovation in the field of healthcare. This segment significantly fuels the growth of 3D printing technology by carrying out studies, designing new devices, and sharing their findings with the healthcare industry. Customized prosthetics using 3D printing technology are a prime example of the contribution of academic institutes. Several researchers across different institutes have been working on generating prosthetic limbs that are designed to the specific needs and preferences of individual patients. Hence, such factors re expected to fuel the growth of this segment which in turn will drive the market growth during the forecast period.

Regional Analysis

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North America is estimated to contribute 39% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that will shape the market during the forecast period. Some of the key factors which are significantly contributing to the growth of the global market in North America are the better healthcare infrastructure, increased adoption in healthcare facilities, and the presence of prominent market players in the region.

Additionally, there is an increasing promotion of several professional societies in this region supporting the use of 3D printing technologies for medical applications. For example, the Society for Manufacturing Engineers has a dedicated medical 3D printing workgroup. Furthermore, factors such as the rapidly increasing aging population and the growing need for advanced healthcare services are expected to positively impact the market growth in the region. Hence, such factors are expected to drive the global market in North America during the forecast period.

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Key 3D Printing Medical Devices Market Players 

Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market. The report also includes detailed analyses of the competitive landscape of the market and information about 20 market companies, including:

3D Systems Corp: The company offers 3D printing medical devices such as ProJet 360, ProJet 460 Plus, ProJet 5500X, and ProJet 3500 HDMax.

•  Anatomics Pty Ltd
• Autodesk Inc
•  Biomerics LLC
•  Boston Scientific Corp
• Desktop Metal Inc
• EOS GmbH
• Formlabs Inc.
• General Electric Co.
• Groupe Gorge
• INTAMSYS TECHNOLOGY CO. LTD.
• MATERIALISE NV
• Mecuris GmbH
• Medtronic Plc
• Organovo Holdings Inc.
• Qualtech Consulting Corp.
• Renishaw Plc
• Schultheiss GmbH
• SLM Solutions Group AG
• Stratasys Ltd.

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 market 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.

Market Dynamics and Customer Landscape

In the realm of healthcare, 3D printing technology is revolutionizing the way medical device manufacturers produce solutions. Utilizing a layer-wise manner, it enables the creation of customized medical products based on CAD images and patient-specific requirements. From intricate implants to hearing aids and bone scaffolds, 3D printing facilitates the production of precise and tailored solutions.

Moreover, it streamlines the manufacturing process for surgical instruments and prosthetics, ensuring surgeon comfort and optimal performance. With its ability to produce implantable and non-implantable medical devices, as well as prototypes for drug testing, 3D printing plays a vital role in advancing healthcare.

Furthermore, it contributes to organ transplantation by creating biomaterial-based constructs, while orthotics and personalized prosthetics enhance patient mobility and quality of life. As the field of computer-aided manufacturing evolves, healthcare professionals are embracing for its versatility and potential to transform patient care. Our researchers analyzed the data with 2022 as the base year, along with the key drivers, trends, and challenges. 

Key Market Drivers

One of the key factors driving the global market growth is the rising cost efficiency and enhanced productivity.  Some of the main advantages over traditional manufacturing processes include cost-efficiency, productivity, and capabilities. The main feature is that it includes an additive manufacturing technique in which materials are deposited in layers, which enables it to generate objects with complex freeform geometry and hybrid structures. 

Additionally, 3D printing technology offers increased design flexibility and potential improvements in function and is cost-efficient as wastes less raw materials and may minimize processing costs as it avoids waste and extraction costs. By leveraging this technology, it enables the generation of customized implants or prosthetics, such as those that are utilized for spinal, dental, or craniofacial disorders in a cost-effective manner. Hence, such factors are expected to drive market growth during the forecast period.

Significant Market Trends

A key factor shaping the global market growth is the rise in the adoption of computer-aided design/computer-aided manufacturing (CAD/CAM) technology and desktop printers. There is increasing adoption of CAD/CAM technology and desktop printers in the global market. Factors such as advancements in technology, cost-effectiveness, and the ability to produce customized medical devices. have significantly contributed to the rising adoption.

Additionally, the enhanced precision and accuracy of CAD/CAM technology have fuelled its adoption in 3D printing technology. The main advantage of  CAD software is that it enables the creation of highly detailed and complex designs, which can be further optimized for manufacturing using CAM software. Thus such benefits are expected to positively impact the market growth. Hence, such factors are expected to drive the global market growth during the forecast period.

Major Market Challenges

High initial setup costs of 3D printing facilities are one of the key challenges hindering market growth. One of the key factors which are significantly restricting the wide adoption of 3D printing technology athatcross industries is this high initial cost. Factors such as equipment required for 3D printing or outsourced print service contracts and the advanced software used for post-processing are significantly contributing to the high cost.

Additionally, there have to be significant investments from end-users of this technology regarding the training or hiring of skilled personnel to ensure the production of high-quality devices. Also, the time duration required for the manufacture of most 3D printers relies on the number of layers to be printed, which typically ranges from hours to days. Hence, such factors are expected to hinder the global market growth during the forecast period.

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Key Market Customer Landscape

The market 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 report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their growth strategies.

Market Customer Landscape

Segment Overview

The market research report provides comprehensive data (region wise segment analysis), with forecasts and estimates in "USD Billion" for the period 2023 to 2027, as well as historical data from 2017 to 2021 for the following segments

• Application Outlook 
  • Orthopedic and spinal
  • Dental
  • Hearing aids
  • Others
• End-user Outlook
  • Hospitals and clinics
  • Academic institutes
  • Pharma and biotech companies
  • Others
• Geography Outlook
  • North America
    • The U.S.
    • Canada
  • Europe
    • The U.K.
    • Germany
    • France
    • Rest of Europe
  • APAC
    • China
    • India
  • South America
    • Chile
    • Argentina
    • Brazil
  • Middle East & Africa
    • Saudi Arabia
    • South Africa
    • Rest of the Middle East & Africa

Market Analyst Overview

The market is witnessing a transformative surge, driven by the demand for customized medical products and the adoption of cutting-edge technologies like CAD images and layer-wise printing techniques. Healthcare professionals are leveraging 3D printing to create patient-specific surgical equipment, bone scaffolds, and cranial implants, enhancing surgical outcomes and reducing operation time. Surgeons benefit from personalized surgical tools and prosthetics, crafted from biocompatible materials like titanium alloys. With advancements in laser beam technology and rapid prototyping methods such as electron beam melting and photopolymerization, the market is expanding its scope to encompass orthotics, dental restoration, and tissue-engineered products. Moreover, 3D printing facilitates remote patient monitoring and telemedicine, revolutionizing healthcare delivery with personalized solutions tailored to individual patient needs.

The market is at the forefront of healthcare innovation, utilizing advanced technologies like layer-wise manufacturing to create patient-specific products based on patient CAD images. From standard implants to intricate neurosurgery tools, 3D printing enables precise solutions for various medical needs, including complex prosthetic limbs and personalized prosthetics designed with biocompatible materials.

This technology revolutionizes surgical planning in areas like dental clinics for dental crowns and orthopedic prosthetics, minimizing post-surgical complications while providing mechanical protection to vital tissues and organs. Moreover, it facilitates advancements in organ transplantation by creating patient-specific models and even living cells. 

However, ethical considerations and biosafety concerns are paramount, with regulatory bodies like the Human Tissue Authority ensuring compliance. As the market expands, 3D printing continues to shape the future of healthcare, offering personalized solutions across medical specialties and addressing diverse patient needs.

3D Printing Medical Devices Market Scope
Report Coverage	Details
Page number	177
Base year	2022
Historic period	2017-2021
Forecast period	2023-2027
Growth momentum & CAGR	Accelerate at a CAGR of 18.81%
Market growth 2023-2027	USD 3.96 billion
Market structure	Fragmented
YoY growth 2022-2023(%)	17.58
Regional analysis	North America, Europe, Asia, and the Rest of the World (ROW)
Performing market contribution	North America at 39%
Key countries	US, Germany, UK, Japan, and China
Competitive landscape	Leading Vendors, Market Positioning of Vendors, Competitive Strategies, and Industry Risks
Key companies profiled	3D Systems Corp., Anatomics Pty Ltd., Autodesk Inc., Biomerics LLC, Boston Scientific Corp., Desktop Metal Inc., EOS GmbH, Formlabs Inc., General Electric Co., Groupe Gorge, 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.
Market dynamics	Parent market analysis, Market forecasting, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for the market forecast period
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

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What are the Key Data Covered in this Market Research Report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the market growth and forecasting of the market between 2023 and 2027
• Precise estimation of the size of the market size and its contribution to the parent market
• Accurate predictions about upcoming market trends and analysis and changes in consumer behavior
• Growth of the market industry across Europe, North America, APAC, South America, and Middle East and Africa
• Thorough market growth analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies

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