3D Printing Medical Devices Market Research Report

 

The GMI Research forecasts that the 3D printing medical devices market is witnessing an upsurge in demand over the forecast period starting from 2020 till 2027. This is mainly due to the growing public-private funding for 3D printing activities and the rapid technological advancements in the 3D printing industry.

Introduction of the 3D Printing Medical Devices Market:

3D printing is the process of creating a three-dimensional object by building successive layers of raw material. 3D printing is flexible and helps the manufacturers to bring devices matched to a patient’s anatomy with complex internal structure. 3D printing is used in a large range of healthcare settings such as cardiology, cardiothoracic surgery, gastroenterology, oral, neurosurgery, ophthalmology, maxillofacial surgery, and plastic surgery.

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3D Printing Medical Devices Market Dynamics

The growing public-private funding for 3D printing activities and the rapid technological advancements in the 3D printing industry are the major factors driving the growth of the global 3D printing medical devices market. The rising adoption of 3D printed medical devices in different medical applications such as 3D printed orthopedic devices and 3D printed dental devices will enhance the demand of the global 3D printing devices market during the forecast period. The manufacturers are emphasizing on rapid product innovation, such as the launch of new designs of 3D printed medical devices with personalization according to the patient-specific requirement. This increasing technological advancement will boost the growth of the market in the upcoming years.

The significant shift in the number of organ failure cases is promoting the patients to opt for an organ transplant, thus surging the demand for 3D printing on medical devices across the globe. In addition to this, the rising direct digital manufacturing process, and the expiry of key patents in the 3D printing industry will further propel the growth of the global 3D printing medical devices during the forecast period. On the other edge of the spectrum, the strict regulatory process for the approval of 3D printed medical devices, the high cost of 3D printing medical products and the limited trained professionals will restraint the growth of the global 3D printing medical devices.

Key Players of the Global 3D Printing Medical Devices Market:

·        Stratasys Ltd.

·        EnvisionTEC

·        3D Systems, Inc.

·        EOS GmbH Electro Optical Systems

·        Renishaw plc.

·        Materialise

·        Arcam AB

·        3T Additive Manufacturing Ltd.

·        Concept Laser GmbH

·        Prodways Group

3D Printing Medical Devices Market Segmentation:

Global 3D Printing Medical Devices Market Report Segment by Technology:

·        Laser Beam Melting

o    Direct Metal Laser Sintering

o    Selective Laser Sintering

o    Selective Laser Melting

o    Lasercusing

·        Photopolymerization

o    Digital Light Processing

o    Stereolithography

o    Two-Photon Polymerization (2PP)

o    Polyjet 3D Printing Technology

·        Electron Beam Melting

·        Droplet Deposition or Extrusion-Based Technologies

o    Fused Deposition Modelling (FDM)

o    Multiphase Jet Solidification

o   Low-Temperature Deposition Manufacturing

·        Three-Dimensional Printing (3DP) or Adhesion Bonding or Binder Jetting

Global 3D Printing Medical Devices Market Report Segment by Component:

·        Equipment

o    3D Printers

o    3D Bioprinters

·        Materials

o    Plastics

§   Thermoplastics

§   Photopolymers

o   Metal and Metal Alloy Powders

o    Bioprinting Biomaterials

o    Others

·        Services & Software

Global 3D Printing Medical Devices Market Report Segment by Type:

·        Surgical Guides

o    Dental Guides

o    Craniomaxillofacial Guides

o    Orthopedic Guides

·        Surgical Instruments

o    Surgical Fasteners

o    Scalpels

o    Retractors

·        Prosthetics and Implants

o    Standard Implants

o    Custom Implants

§   Custom Orthopedic Implants

§   Custom Dental Implants

§   Custom Craniomaxillofacial Implants

·        Tissue Engineering Products

o    Bone and Cartilage Scaffolds

o    Ligament and Tendon Scaffolds

Global 3D Printing Medical Devices Market Report Segment by Region:

·        North America

o   United States of America

o   Canada

·        Asia Pacific

o   China

o   Japan

o   India

o   Rest of APAC

·        Europe

o   United Kingdom

o   Germany

o   France

o   Spain

o   Rest of Europe

·        RoW

o   Brazil

o   South Africa

o   Saudi Arabia

o   UAE

o   Rest of the world (remaining countries of the LAMEA region)

About GMI Research

GMI Research is a full-service market research and business-consulting organization that offers global as well as medium and small businesses with bespoke industry and market analysis to help them in making the toughest business decision. We have a team of industry experts that provides unbiased insights on reports to best meet the specific needs of our clients. GMI Research’s analysts rely on secondary research to lay down the foundation of every report. We use not only the internal but also the external databases to cull out relevant information of the industry. Our main aim is to keep our clients abridged of the emerging opportunities and challenges in a wide range of industries. We provide step-by-step assistance to our client, through strategic and consulting services to reach a managerial and actionable decision. Featured in the ‘Top 20 Most Promising Market Research Consultants’ list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping businesses stay ahead of the curve.

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