DUBAI, United Arab Emirates, Jan. 24, 2022 (GLOBE NEWSWIRE) -- Global 3D Printed Medical Devices Market is set to experience a significant growth rate of 16.1% CAGR from 2022 to 2028, with an estimated market value of around US$ 752.5 Mn in 2022. As per Future Market Insights’ projections, plastic materials hold a substantial share of over 69.0% in 2021 within the global market.
Currently heading towards a market value of over US$ 440 Mn, the global 3D Printed Medical Devices Market is projected for stupendous growth at 16.1% CAGR during 2022- 2028. North America will remain the leading market for 3D Printed Medical Device sales, whereas the market attractiveness of Asia Pacific has been rising notably.
| Data Points | Market Insights | |
| Market Value 2021 | US$ 637.1 Mn | |
| Market Value 2028 | US$ 1,839.2 Mn | |
| CAGR 2022-2028 | 16.1% | |
| Market Share of Top 5 Countries | 73.1% | |
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The market growth is primarily assisted by advancements in 3D printing technology, surging government spending in healthcare sector, increasing usage of 3D printed medical devices for medical procedures, and relative simplification of the manufacturing process of 3D printed medical devices. Introduction of Computer-aided Design (CAD) for 3D printing can create trail ready devices, thereby reducing manufacturing time, time to market as well as operational cost.
Key Takeaways - 3D Printed Medical Devices Market Study
- Although metals and alloys are most preferably used for 3D printed medical devices, biomaterial inks are expected to gain traction during the forecast period owing to their highly biocompatible and versatile physical properties.
- PolyJet - InkJet 3D printing technology currently holds maximum share of 3D printed medical devices market. However, consistent development and adoption of innovative technologies may reduce the 3D printed medical devices market share of this technology during the forecast period.
- Use of 3D printing technology in orthopedic implants is shaping the future of 3D printed medical devices market. It currently accounts for nearly half of the market value.
- The consistently expanding patient pool and growing preference for personalized implants in joint replacement surgeries will remain key boosters to growth of 3D printed medical devices demand in orthopedics.
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Scope of the Report
| Attribute | Details |
| Forecast Period | 2022-2028 |
| Historical Data Available for | 2014-2021 |
| Market Analysis | US$ Mn for Value |
| Key Regions Covered | North America, Latin America, Western Europe, Eastern Europe, APEJ, Japan and Middle East & Africa |
| Key Countries Covered | US, Canada, Brazil, Mexico, Germany, U.K., France, Italy, Spain, Nordic, Russia, Poland BENELUX, China, India, ASEAN, Australia, New Zealand, Japan, North Africa, GCC Countries, North Africa and South Africa |
| Key Market Segments Covered | Technology, Application, Material, Distribution Channel and Region |
| Key Companies Profiled |
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Who Is Winning?
Until late 2016, the key focus of most leading players in the 3D printed medical devices market was geographic expansion through acquisition and merger. In May 2016, Johnson & Johnson announced collaboration with a subsidiary of HP Inc. for manufacturing personalized healthcare solutions at reduced costs through 3D printing techniques. J&J collaborated with Organovo to carry out feasibility study on bio printed human tissue for testing new medications to work with Carbon 3D, famous for ultra-fast Continuous Liquid Interface Production (CLIP) technology for production of custom surgical devices.
The focuses is now gradually shifting towards expansion through strategic partnerships to improve their distribution network. For instance, in 2017, Envision partnered with ScanSource, Inc. to deliver 3D printing solutions to resellers in the Americas. Similarly, in 2018, 3D Systems and Stryker announced distribution partnership for VSP (Virtual Surgical Planning) and anatomical models for carniomaxillofacial specialty.
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Learn More about Report Inclusions
Future market insights offers a unique perspective and actionable insights on 3D printed medical devices market in its latest study, presenting historical demand assessment from 2014 – 2021 and projections from 2022 - 2029 based on application (orthopedic implants, dental implants, carnio-maxillofacial Implant), material type (metals and alloys, biomaterial inks and plastics) technology (stereolithography (SLA) – liquid-based 3D printing, selective layer sintering (SLS) – powder-based 3d printing, digital light processing(DLP), fused deposition modelling (FDM)-plastic filament extrusion-based, polyjet - inkjet 3D printing, electronic beam melting (EBM) ) end user (hospitals, ambulatory surgical centers, diagnostic centers) in seven key regions.
Explore FMI’s Extensive ongoing Coverage on Healthcare Domain
3D Medical Implants Market - The growth of 3D medical implants market is primarily driven by increase in geriatric population who are at high risk of diseases and disorders such as osteoarthritis, loss of hearing and others.
3D Orthopedic Scanning Systems Market - 3D orthopedic scanning systems saves a lot of time and paperwork and is the need of the current healthcare system. The hospitals are flooded with patients who need to undergo scanning.
3D Imaging Surgical Solution Market - 3D imaging surgical solutions will continue to expand in the year to come due increase in the rate of adoption. Growing use of the smartphone, television, cameras etc. will drive the 3D imaging surgical solution market.
3D-Printed Maxillofacial Implants Market - 3D-printed maxillofacial implants have gained importance due to the better performance over the traditional methods and they are a custom designed model with increased patient compliance.
3D Surgical Microscope Systems Market - Rising disease incidences, infection rates, increasing demand of improved diagnostic techniques, increasing spending on healthcare, government funding, rising R&D efforts are some of the factors driving the overall market of 3D surgical microscope systems.
3D-Printed Prosthetic Implants Market - The primary factor driving the growth of 3D-printed prosthetic implants market is rising number of trauma cases and accidental injuries. Moreover, the introduction of 3D-printed prosthetic implants for the orthopedic application propel the growth of 3D-printed prosthetic implants market.
Neurology Digital Therapeutics Market - Neurological digital therapeutics can overcome various problems related to traditional clinical practices. Thus, all these factors have the potential to drive the demand of the market during the forecast period from 2021 to 2031.
Quadriplegia Treatment Market - According to the latest research by Future Market Insights, quadriplegia treatment market is expected to grow at a CAGR of 4.1% during the forecast period.
Gel Implants Market - According to latest research by FMI, gel implants will experience substantial growth with CAGR 3.1% during the forecast period 2021-2031. Increased demand for gel implants is expected to encounter due to the rising demand of cosmetology.
Pulmonology Lasers Market - According to the latest research by Future Market Insights, the Pulmonology Lasers Market will witness growth during 2021-2031. Any type of cancer is rapidly mutating and presenting a challenge for the researchers to keep up with these mutations and develop effective treatments for them.
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