3D Printing Medical Devices Market Analysis North America, Europe, Asia, Rest of World (ROW) - US, Germany, UK, Japan, China - Size and Forecast 2024-2028

3D Printing Medical Devices Market Size 2024-2028

The 3D printing medical devices market size is estimated to grow/decline by USD 7.07 billion at a CAGR of 25.2% between 2023 and 2028. 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 Market During the Forecast Period?

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Key Companies & Market Insights

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 key companies, including:

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.

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 Segmentation 

By Application 

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 697.60 million in 2018. 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.

By Region

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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 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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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 its versatility and potential to transform patient care. Our researchers analyzed the data with 2023 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.

Market Customer Landscape

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

 Customer Landscape

Segment Overview

The market 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.

• 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

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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.

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What are the Key Data Covered in this Market 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 2024 and 2028
• 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 companies
• Comprehensive market analysis and report on the factors that will challenge the market research and growth of market companies