NEW
YORK, July 30, 2024 /PRNewswire/ -- The global
3D printing medical devices market size is estimated to grow by
USD 7.07 billion from 2024-2028,
according to Technavio. The market is estimated to grow at a CAGR
of almost 25.2% during the forecast period. Increased
demand for personalized or customized medical devices is
driving market growth, with a trend towards rising focus
on the research for the use of 3D printing process to manufacture
living organs and cell structures. However, high initial setup
cost of 3d printing facility poses a challenge. Key market
players include 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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3D Printing Medical
Devices Market Scope
|
Report
Coverage
|
Details
|
Base year
|
2023
|
Historic
period
|
2018 - 2022
|
Forecast
period
|
2024-2028
|
Growth momentum &
CAGR
|
Accelerate at a CAGR of
25.2%
|
Market growth
2024-2028
|
USD 7079.6
million
|
Market
structure
|
Fragmented
|
YoY growth 2022-2023
(%)
|
19.78
|
Regional
analysis
|
North America, Europe,
Asia, and Rest of World (ROW)
|
Performing market
contribution
|
North America at
40%
|
Key
countries
|
US, Germany, UK, Japan,
and China
|
Key companies
profiled
|
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.
|
Market Driver
The 3D printing of medical devices, specifically in the field of
bioprinting, represents a significant advancement in healthcare
technology. This process involves the precise layering of cells,
biologic scaffolds, and growth factors to create bioidentical
tissue, such as stem cells, skin grafts, and bone and cartilage.
Unlike traditional 3D printers that use plastic or metals as raw
materials, 3D bioprinters utilize a computer-guided pipette to
layer living cells, referred to as bioink, to create artificial
living tissues. One of the most promising applications of 3D
bioprinting is in organ replacement. This technology holds the
potential to address the organ donor shortage and reduce rejections
by creating organs that better meet the requirements of the body.
For instance, 3D printed bone features a micropore surface that
allows osteocytes to adhere, join, and heal better than traditional
metal implants. ORGANOVO, a biotechnology company, is pioneering
the use of 3D bioprinting to develop in vivo liver tissues for
treating rare, life-threatening diseases. Their product, the ExVive
3D Bioprinted Human Liver Tissues, can be used for drug exposure
and metabolism studies, offering a valuable alternative to organ
transplantation. Allevi and SHIBUYA are among the companies leading
the way in 3D bioprinting technology. Allevi introduced the first
desktop 3D bioprinter capable of printing living tissues using
human cells, while SHIBUYA's 3D bioprinter is the first cell
culture system for building complex cell-based structures. The
potential of 3D bioprinting is driving increased R&D efforts in
developing devices for this technology. As technological advances
continue, 3D printing medical devices are expected to see
widespread adoption, fueling the growth of the global 3D printing
medical devices market.
The 3D Printing Medical Devices market is experiencing
significant growth due to its ability to produce customized,
patient-specific solutions for various medical applications.
Stereolithography (SLA) and digital light processing are popular 3D
printing technologies used in creating prosthetics implants,
orthopedic implants, and wearable medical devices. Dentistry and
orthodontics also benefit from 3D printing, with applications
including dentures, bone scaffolds, and hearing aids.
Tissue-engineered products, remote patient monitoring,
telemedicine, and vital signs monitoring are other areas where 3D
printing is making an impact. Complex medical procedures, such as
implantable and non-implantable medical devices, drug testing, and
organ and tissue production, are also being revolutionized by this
technology. Computer-aided manufacturing and design, diagnostic
centers, medical institutions, and 3D printing laboratories are
embracing 3D printing to provide personalized solutions. Laser beam
technology, minimally invasive surgery, and surgical equipment are
other areas where 3D printing is making a difference. Patient CAD
images are used to create patient-specific models and customized
implants, including cranial implants for neurosurgery and human
skull repairs. Overall, 3D printing is transforming the medical
industry by enabling the production of customized, high-quality
medical devices in a layer-wise manner.
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Market Challenges
- The 3D printing medical devices market faces significant
challenges due to high capital costs. Equipment for 3D printing or
outsourced print service contracts, advanced software for
post-processing, and proprietary raw materials contribute to these
costs. Desktop FDM or SLA machines cost less than USD5,000, but high-end additive manufacturing
printers range from USD200,000 to
USD850,000 or even millions. Skilled
personnel and training are also necessary, adding to the expenses.
A clinical 3D printing lab requires ancillary staff for printing.
Production time, ranging from hours to days, limits its use in mass
manufacturing. These factors hinder the widespread adoption of 3D
printers, potentially impacting the growth of the market
negatively.
- The 3D printing medical devices market is experiencing
significant growth due to the advantages it offers in creating
customized solutions for various medical needs. However, there are
challenges that need to be addressed. For physicians, the use of
3D-printed medical devices in elective surgical procedures requires
careful consideration for complex prosthetic limbs and brain
designs. Surgeons prefer titanium alloys for surgical tools, but
cancer patients benefit from biocompatible materials as drug
contact materials. Hearing aid manufacturers are exploring
3D-printed hearing aid devices using biocompatible materials for
personalized solutions. CAD/CAM technology and desktop printers are
revolutionizing dental clinics and hospitals, providing dental
restoration, surgical planning, and personalized prosthetics.
Orthopedic prosthetics and surgical instruments also benefit from
3D printing, improving surgical outcomes, operation time, and
reducing post-surgical complications. Mechanical protection for
tissues and organs is a promising area for 3D printing, with
potential applications in organ transplantation and living cells
using biomaterials. However, biosafety concerns and ethical issues
surrounding the use of human cells and tissues need to be addressed
by regulatory bodies like the Human Tissue Authority.
Photopolymerization and Medical device manufacturers are using
rapid prototyping to innovate, while healthcare professionals
embrace the technology for prosthetics, surgical instruments,
personalized prosthetics, orthotics, surgeon comfort, and fatigue
prevention.
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Segment Overview
This 3d printing medical devices market report extensively
covers market segmentation by
- Application
- 1.1 Orthopedic and spinal
- 1.2 Dental
- 1.3 Hearing aids
- 1.4 Others
- End-user
- 2.1 Hospitals and clinics
- 2.2 Academic institutes
- 2.3 Pharma and biotech companies
- 2.4 Others
- Geography
- 3.1 North America
- 3.2 Europe
- 3.3 Asia
- 3.4 Rest of World (ROW)
1.1 Orthopedic and spinal- The 3D printing
medical devices market encompasses the production of orthopedic and
spinal implants using 3D printing technology. This technology
enables the fabrication of standard-sized implants, patient-matched
implants, and custom implants for individuals with deformities.
Hospitals and ambulatory surgery centers are major end-users, as 3D
printing allows for the creation of complex structures and
individualized implants. Orthopedic and spinal applications
dominate the market due to the rising prevalence of related
disorders, increasing demand for personalized implants, and the
need for advanced surfaces and structures. The technology's ability
to manufacture lattice structures and porous surfaces promotes bone
ingrowth and improves implant stability. Titanium implants,
commonly used in orthopedics, benefit from 3D printing's ability to
create greater porosity, enhancing bony ingrowth and improving
implant stability. In the field of prosthetics, 3D printing
significantly reduces manufacturing time and costs while
maintaining functionality. The technology's affordability makes it
particularly suitable for children who quickly outgrow their
prosthetic limbs. Vendors are increasing investments in R&D to
develop advanced orthopedic and spinal implants, further fueling
market growth. Key factors driving the market include the aging
population, increasing prevalence of orthopedic and spinal
disorders, and the demand for customized implants. These factors
are expected to propel the growth of the global 3D printing medical
devices market during the forecast period.
For more information on market segmentation with
geographical analysis including forecast (2024-2028) and historic
data (2017-2021) - Download a Sample Report
Research Analysis
The 3D printing medical devices market is revolutionizing the
healthcare industry by enabling the production of customized
medical products in a layer-wise manner using CAD images. This
technology allows for the creation of patient-specific products,
including implants, hearing aids, bone scaffolds, surgical
equipment, and more. The process begins with the creation of
patient CAD images, which are then used to manufacture standard
implants or personalized prosthetics, surgical instruments, and
orthotics. The benefits of 3D printing in medical devices extend
beyond patient comfort, as it also allows for the production of
implantable and non-implantable medical devices using biomaterials,
as well as drug testing and potential applications in organ
transplantation and tissue engineering. Rapid prototyping and
computer-aided manufacturing are key technologies driving the
growth of this market, with healthcare professionals and medical
device manufacturers embracing the technology to improve patient
outcomes and surgical procedures.
Market Research Overview
The 3D printing medical devices market is revolutionizing the
healthcare industry by enabling the production of customized
medical products in a layer-wise manner using CAD images. This
technology allows for the creation of patient-specific products
such as implants, hearing aids, bone scaffolds, surgical equipment,
and more. The use of patient CAD images ensures a perfect fit and
optimal surgical outcomes, reducing operation time and
post-surgical complications. 3D printing technology is being
applied in various medical fields, including neurosurgery,
orthopedics, and dentistry. For instance, it is used to create
cranial implants, patient-specific models, and surgical tools for
complex procedures. The use of biocompatible materials, such as
titanium alloys and photopolymers, ensures the safety and
effectiveness of 3D-printed medical devices. The market for
3D-printed medical devices is vast and diverse, encompassing
elective surgical procedures, complex prosthetic limbs, brain
designs, surgical instruments, and more. The technology is also
being used in tissue engineering and organ transplantation, with
the potential to print living cells and biomaterials. However, the
use of 3D printing in medicine raises biosafety concerns and
ethical issues, particularly with regard to the Human Tissue
Authority and patient privacy. Medical device manufacturers are
working to address these challenges through the use of CAD/CAM
technology, rapid prototyping, and collaboration with healthcare
professionals. The market for 3D-printed medical devices includes
hearing aid manufacturers, dental clinics, hospitals, and surgical
planning centers. The technology is also being used to create
implantable and non-implantable medical devices, wearable medical
devices, and diagnostic tools. The potential applications of 3D
printing in medicine are vast, from surgical planning and dental
restoration to remote patient monitoring and telemedicine. The
future of medicine is undoubtedly 3D printed.
Table of Contents:
1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation
- Application
-
- Orthopedic And Spinal
- Dental
- Hearing Aids
- Others
- End-user
-
- Hospitals And Clinics
- Academic Institutes
- Pharma And Biotech Companies
- Others
- Geography
-
- North America
- Europe
- Asia
- Rest Of World (ROW)
7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix
About Technavio
Technavio is a leading global technology research and advisory
company. Their research and analysis focuses on emerging market
trends and provides actionable insights to help businesses identify
market opportunities and develop effective strategies to optimize
their market positions.
With over 500 specialized analysts, Technavio's report library
consists of more than 17,000 reports and counting, covering 800
technologies, spanning across 50 countries. Their client base
consists of enterprises of all sizes, including more than 100
Fortune 500 companies. This growing client base relies on
Technavio's comprehensive coverage, extensive research, and
actionable market insights to identify opportunities in existing
and potential markets and assess their competitive positions within
changing market scenarios.
Contacts
Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/
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