Global 3D Printing Medical Devices Market size is estimated at USD 1480.72 Million in 2019 and is poised to reach USD 5595.77 million by 2024, growing at a CAGR of 30.46%. 3D printing is quite possibly the next greatest chapter in the industrial uprising, and the technology is moving rapidly. 3D printing technology has the potential to radically transform the way medical devices are used to treat patients. It will impact health care in many ways, including implantable and non-implantable medical devices, along with cost-effective customizable devices.
One of the major driving forces for growth in the medical 3D printing industry is the rising demand for patient-specific products in orthopedics and maxillofacial surgery. In addition, the latest advancements in technologies, growing awareness about the new developments, diversity of materials that range from polymers to living tissue, supportive policies and funding from the government are also helping in market growth. Now, with the prices of 3D models coming down and also the availability of a broad range of material options have increased the adaptability of 3D printing in the healthcare sector.
Key Market Growth Drivers
Increasing incidences of chronic diseases and the need for patient’s wellbeing after surgeries are key driving factors for the market to grow. In addition, growing demand to manufacture high-quality equipment in less time for various applications in the medical sector is fuelling the demand of the market.
Major Challenges
However, the cost for installation and maintenance of the devices is a bit expensive and this is declining the demand of the market. Rapid changes in the economic strategies may also impact negatively on the growth of this 3D printing medical devices market.
Potential Opportunities
Growing support from the private and public organizations in maintaining advanced equipment is anticipated to provide growth opportunities for the market. Increasing the geriatric population and the rise in the number of emergency cases with injuries are likely to bolster the growth of the market.
Details of the report:
|
Report Metric |
Details |
|
Market Size Available |
2018 – 2024 |
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Base Year |
2018 |
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Forecast Period |
2019 - 2024 |
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Segments Covered |
By Product, Material, Technology, Region |
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Various Analyses Covered |
Global, Regional & Country Level Analysis, Segment-Level Analysis, DROC, PESTLE Analysis, Porter’s Five Forces Analysis, Competitive Landscape, Analyst Overview on Investment Opportunities |
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Regions Covered |
North America, Europe, APAC, Latin America, Middle East & Africa |
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Market Leaders Profiled |
3D Systems Corporation (U.S.), Stratasys Ltd., Renishaw plc (U.K.), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), Arcam AB (Sweden), 3T RPD, Ltd. (U.K.), Prodways(France) and Concept Laser GmbH (Germany) |
This research report on the Global 3D Printing Medical Devices Market has been segmented & sub-segmented into the following categories and analyzed market size & forecast for each segment until 2024.
3D Printing Medical Devices Market Analysis - By Product:
By type, the surgical instruments are growing tremendously from recent years, whereas surgical guide type is ruling with prominent shares of the market. Increasing demand for minimally invasive surgeries is straight boosting up the demand for the 3D printing medical devices market.
3D Printing Medical Devices Market -By Material:
3D Printing Medical Devices Market -By Technology:
By technology, the Electron beam melting technology is holding dominant shares of the market. The rise in the number of dental institutes and growing demand for the production of dental crowns and bridges are escalating the demand of the market.
3D Printing Medical Devices Market -By Region:
Regionally, North America is accounted for holding the highest shares in the global market owing to the quick adoption of the latest technology and also launching various devices in favor of the end-users. Currently, North America is the leading consumer of 3D printing technology in the healthcare industry and accounts for nearly 40% of the entire market share in 2015. Europe is the second major market for medical 3D printing applications while the emerging economies of the Asia-Pacific region offer significant market and are always a target for future growth.
Companies leading the Global 3D Printing Medical Devices Market profiled in the report are
The most developed nations have the potential for growth in the coming few years due to their technological advancements.
Some of the major companies operating in the 3D printing industry with a significant presence in the medical equipment domain are
1.1 Market Definition
1.2 Study Deliverables
1.3 Base Currency, Base Year and Forecast Periods
1.4 General Study Assumptions
2.1 Introduction
2.2 Research Phases
2.2.1 Secondary Research
2.2.2 Primary Research
2.2.3 Econometric Modelling
2.2.4 Expert Validation
2.3 Analysis Design
2.4 Study Timeline
3.1 Executive Summary
3.2 Key Inferences
3.3 New Developments
4.1 Market Drivers
4.2 Market Restraints
4.3 Key Challenges
4.4 Current Opportunities in the Market
5.1 By Product Type
5.1.1 Medical Implants
5.1.1.1 Orthopedic Implants
5.1.1.2 Dental Implants
5.1.1.3 Craniomaxillofacial Implants
5.1.2 Prosthetics
5.1.3 Tissue Engineering
5.1.5 Surgical Instruments
5.1.6 Surgical Guides
5.1.7 Hearing & Audibility Aid
5.2 By Material
5.2.1 Plastics
5.2.2 Biomaterials
5.2.3 Metal & Metal Alloys
5.2.4 Ceramics
5.2.5 Nylon
5.2.6 Wax
5.3 By Technology
5.3.1 Laser Beam Melting (LBM)
5.3.2 Electron Beam Melting (EBM)
5.3.3 Droplet Deposition
5.3.4 Photopolymerization
5.3.5 Wax deposition Modelling
5.3.6 Bio Printing
6.1 North America
6.1.1 Introduction
6.1.2 United States
6.1.3 Canada
6.2 Europe
6.2.1 Introduction
6.2.2 U.K
6.2.3 Spain
6.2.4 Germany
6.2.5 Italy
6.2.6 France
6.3 Asia-Pacific
6.3.1 Introduction
6.3.2 China
6.3.3 India
6.3.4 Japan
6.3.5 South Korea
6.3.6 Australia
6.4 Latin America
6.4.1 Introduction
6.4.2 Brazil
6.4.3 Mexico
6.4.4 Argentina
6.5 Middle East & Africa
6.5.1 Introduction
6.5.2 Middle-East
6.5.3 Africa
7.1 PESTLE analysis
7.1.1 Political
7.1.2 Economic
7.1.3 Social
7.1.4 Technological
7.1.5 Legal
7.1.6 Environmental
7.2 Porter’s Five analysis
7.2.1 Bargaining Power of Suppliers
7.2.2 Bargaining Power of Consumers
7.2.3 Threat of New Entrants
7.2.4 Threat of Substitute Products and Services
7.2.5 Competitive Rivalry within the Industry
8.1 Stratasys Ltd.
8.1.1 Overview
8.1.2 Product Analysis
8.1.3 Strategic Evaluation and Operations
8.1.4 Financial analysis
8.1.5 Legal issues
8.1.6 Recent Developments
8.1.7 SWOT analysis
8.1.8 Analyst View
8.2 3D Systems Corporation
8.3 Materialise NV
8.4 Envisiontec GmbH
8.5 Eos GmbH Electro Optical Systems
8.6 3T RPD, Ltd.
8.7 Arcam AB
8.8 Renishaw PLC.
8.9 Concept Laser GmbH
8.10 Prodways
8.11 Renishaw PLC.
9.1 Market share analysis
9.2 Merger and Acquisition Analysis
9.3 Agreements, collaborations and Joint Ventures
9.4 New Product Launches
10.1 Market Outlook
10.2 Investment Opportunities
Appendix
a) List of Tables
b) List of Figures
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