3D Printed Medical Devices Market Size Estimated to Reach $5.7 Billion by 2027

3D Printed Medical Devices Market
Surging Applications of 3D Printing for Orthopaedic Surgery Are Projected to Drive the Growth of 3D Printed Medical Devices Market.

3D Printed Medical Devices Market size is estimated to reach $5.7 billion by 2027, growing at a CAGR of 14.7% during the forecast period 2022-2027. 3D printers are utilized to produce an assortment of medical devices, inclusive of those with complicated geometry or characteristics that match the rare anatomy of a patient. Certain instruments are printed from a standard design to prepare numerous exact copies of the identical device. Medical instruments generated by 3D printing technology are inclusive of orthopedic and cranial implants, surgical instruments, dental restorations like crowns, and external prosthetics. The adaptability of 3D printing technology permits designers to make alterations effortlessly without the requirement to set up added machinery or appliances. 3D Bioprinting is the technique of printing biomedical structures with the application of reasonable cells, biological molecules, and biomaterials. Bioprinters or 3D bioprinters are automatized instruments for the additive fabrication of 3D functional tissues and organs based on the digital models that are built through different scans utilizing biomaterials. The soaring surge in public-private financing to back different initiatives in the 3D Printing industry is set to drive the 3D Printed Medical Devices Market. The heightened application of 3D printing technology to offer the advantages of customized treatments at an economical price to the patients is set to propel the growth of the 3D Printed Medical Devices Market during the forecast period 2022-2027. This represents the 3D Printed Medical Devices Industry Outlook.

3D Printed Medical Devices Market Segment Analysis – By Type

The 3D Printed Medical Devices Market based on type can be further segmented into Surgical Guides, Surgical Instruments, Prosthetics And Implants, and Tissue Engineering Products. The Prosthetics And Implants Segment held the largest market share in 2021. This growth is owing to the soaring application of 3d printing technology for customization of prosthetics and implants offering value addition to both patients and physicians. Customized implants have a positive effect on the time needed for surgery, patient recovery time, and the success of the implant. The surging benefits of 3D printed implants like being MRI-compatible and reduction in hazard of infections are further propelling the growth of the Prosthetics And Implants segment.

Furthermore, the Surgical Guides segment is estimated to grow with the fastest CAGR of 15.2% during the forecast period 2022-2027 owing to the soaring application of 3d printed surgical guides based on the DICOM data which is patient-particular for the precise positioning of the implant in the bone structure in conjunction with the application of other surgical instruments.

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3D Printed Medical Devices Market Segment Analysis – By Technology

The 3D Printed Medical Devices Market based on technology can be further segmented into Photopolymerization, Droplet Deposition (DD) Or Extrusion-Based Technologies, Laser Beam Melting and Electron Beam Melting (EBM), Three Dimensional Printing (3DP), Or Adhesion Bonding. The Photopolymerization Segment held the largest market share in 2021. This growth is owing to the soaring application of photopolymerization across the medical industry for prosthetics, implants, dental restorations, and porous scaffolds. Photocurable adhesives are utilized in the manufacture of surgical instruments like catheters and surgical masks. The advantages of photopolymerization like being solvent-free and energy-effective and the ability to be utilized for heat-sensitive substances are further propelling the growth of this segment.

Furthermore, the Three Dimensional Printing (3DP) Or Adhesion Bonding segment is estimated to grow with the fastest CAGR of 15.4% during the forecast period 2022-2027 owing to the surging application of 3d printing technology attributed to its advantages like malleable design, accelerated prototyping, print on demand, robust and lightweight parts, and quick design and manufacture in conjunction with benefits of adhesion bonding like continuous bond and enhanced appearance.

3D Printed Medical Devices Market Segment Analysis – By Geography

The 3D Printed Medical Devices Market based on geography can be further segmented into North America, Europe, Asia-Pacific, South America, and the Rest of the World. North America (3D Printed Medical Devices Market) held the largest share with 41% of the overall market in 2021. The growth of this region is owing to the existence of the U.S. which is the biggest global producer and consumer of medical devices including surgical instruments in the region. The soaring acceptance of 3D printed medical devices by leading hospitals and laboratories as part of their medical practice and research endeavors are further driving the growth of the 3D Printed Medical Devices Market in this region. The accelerated incorporation of progressive technologies like artificial intelligence in 3D printed medical devices is further propelling the growth of the 3D Printed Medical Devices Market in the North American region.

Furthermore, the Asia-Pacific region is estimated to be the region with the fastest CAGR rate over the forecast period 2022-2027. This growth is owing to factors like surging government initiatives and R&D Activities in the Asia-Pacific region. The increasing predominance of cardiac ailments which may involve the application of surgical instruments and the proliferating demand for progressive healthcare services are further fuelling the progress of the 3D Printed Medical Devices Market in the Asia-Pacific region.

3D Printed Medical Devices Market Drivers

Surging Applications Of 3D Printing For Orthopaedic Surgery Are Projected To Drive The Growth Of 3D Printed Medical Devices Market:

Three-dimensional (3D) printing is a more and more evolving technology with the possibility to provide considerable contributions to a surgical practice involving surgical instruments. This is a kind of manufacturing procedure in which materials like plastic or metal are collected in layers to build a 3D object from a digital model. Orthopedics has been among the earliest medical fields to utilize 3D printing. Orthopedic surgeons utilize it in their clinical practice for patient-particular orthopedic uses. 3D printing technology has been reported to be advantageous in patient-particular orthopedics owing to its ability to improve patients’ comprehension of their pathology and preoperative planning and the building of anatomic models for surgical planning, education, and surgical training, patient-particular tools, and 3D-printed custom implants. The enormous count of possibilities provided by this technology in different fields has defined 3D printing as the third industrial revolution. 3D printed models not only minimize the rate of re-operation but play an important role in surgical planning and in the coaching of apprenticed surgeons. The advantages of the application of 3D printed models to orthopedics surgery include describing to patients or students the particulars of surgery or to practice the surgery itself. With 3D printing technology, surgeons can presently analyze patient anatomy in a more concrete manner and permit enhanced, more detailed surgical planning in comparison with the conventional 2-dimensional radiological images. Pre-operations can also be performed on plastic models which can be basic support in the placement of screws or surgical plates, to envision the ultimate result of the interference. The surging applications of 3D Printing For Orthopaedic Surgery are therefore fuelling the growth of the 3D Printed Medical Devices Market during the forecast period 2022-2027.

Proliferating Applications Of 3d Bioprinting Are Expected To Boost The Demand Of 3D Printed Medical Devices Market:

Bioprinters or 3D bioprinters are automatized instruments for the additive fabrication of 3D functional tissues and organs based on the digital models that are built through different scans utilizing biomaterials. These bioprinters perform on distinct mechanisms and are typically utilized for distinct purposes relying on the kind of biomaterials utilized. Tissue engineering is one of the most outstanding uses of 3D bioprinting. It permits the fabrication of complicated tissues and organs that can take the place of failed or lost tissues. Typical examples of tissues that have been bio-printed for different purposes include skin, bone and cartilage, blood vessels, and liver tissue. Drug discovery needs time-consuming and expensive procedures that demand considerable financial investment and workforce. Therefore, the development of a method to enhance the capability to predict the efficiency and toxicity of newly established medications earlier in the drug discovery procedure assists in minimizing the time and money needed. Bioprinting can manufacture 3D tissue models that look like that of native tissue and are capable of high throughput assays. Most typically, liver and tumor tissues are the fundamental focus to building tissue models for pharmaceuticals. The proliferating applications of 3d Bioprinting are driving the growth of the 3D Printed Medical Devices Market during the forecast period 2022-2027.

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3D Printed Medical Devices Market Challenges

Challenge Of Sterilizing Polymers Is Hampering The Growth Of The 3D Printed Medical Devices Market

It is quite concerning that medical materials are required to be sterilized frequently. Certain polymers may conform with the regulation on chemical stability or strength. However, they may collapse too soon with expanded and repetitive exposure to sterilization techniques that utilize heat. For 3D printing procedures that utilize temperature to shape polymers, requiring soaring thermal resistance means greater processing temperatures. This may need a special high-temperature printer, heated bed, and probably an enclosed build space to curb environmental conditions to avert bending and contraction. It is not simply heated that can prove challenging for sterilizing medical materials but also cleaning the housing of an instrument with a disinfectant that can deteriorate polymers over time. Eastman Chemical has been recording polymers in medical devices and has discovered that disinfecting polymers with solvents and additional chemicals is responsible for premature declines. These issues are thus hampering the growth of the 3D Printed Medical Devices Market.

3D Printed Medical Devices Industry Outlook

Product launches, mergers and acquisitions, joint ventures, and R&D Activities are key strategies adopted by players in the 3D Printed Medical Devices Market. Key companies of this market are:

Stratasys, Ltd.
3D Systems Corporation
EnvisionTEC GmbH
Materialise NV
SLM Solutions
EOS GmbH
Concept Laser GmbH
Renishaw plc
Prodways Group
EOS GmbH

Recent Developments

In October 2021, Stratasys SSYS currently introduced a novel cybersecurity solution for additive manufacturing termed ProtectAM. The most-recent product introduction is principally targeted at offering improved safety while setting up 3D printing solutions by the U.S. government. As per the Security Technical Implementation Guide issued by the Defence Information System Agency (“DISA”) of the U.S. Department of Defence, the U.S. government is needed to utilize cybersecurity platforms to comply with safety codes.

In June 2021, SLM Solutions introduced another game-changing product termed Free Float. The most recent inclusion in the firm’s portfolio presently authorizes the establishment of metal constituents with formerly impossible designs and unmatched productivity, minimizing complete material application and reducing the end-part cost to accomplish industrial-scale manufacture. Backing structures have baffled the firm’s Chief Engineer, Dieter Schwarze, from the very cognition of the SLM® technology.

In November 2020, Selective Laser Melting pioneer SLM Solutions officially launched its novel SLM® machine NXG XII 600, which is presently accessible for commercial offer. The greatly anticipated machine is outfitted with 12 lasers with 1 KW each and a square build envelope of 600x600x600 mm. NXG XII 600 is the quickest machine on the market, 20 times quicker compared to a single laser machine, and outfitted with innovative technical characteristics like the zoom function to accomplish the greatest productivity and trustworthiness.

Key Takeaways

Geographically, North America 3D Printed Medical Devices Market accounted for the highest revenue share in 2021 and it is poised to dominate the market over the period 2022-2027 owing to the surging high-quality products being provided utilizing progressive technology like 3d printing technology ensuing from considerable financing in research and development in the North American region.

3D Printed Medical Devices Market growth is being driven by the proliferating medical applications of 3d Printing Technology in the healthcare industry by offering advantages like customizations, personalization of medical products, and enhanced productivity. However, the deficiency of a proficient workforce owing to restricted specialized training in additive manufacturing is one of the major factors hampering the growth of the 3D Printed Medical Devices Market. 

3D Printed Medical Devices Market Detailed Analysis on the Strength, Weakness, and Opportunities of the prominent players operating in the market will be provided in the 3D Printed Medical Devices Market report. 

Related Report

Orthopedic Devices Market 

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