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Global 3D Printed Medical Devices Market

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3D Printed Medical Devices Market Global Industry Insights 2024
Global 3D Printed Medical
Devices Market Growth, Trends, and Forecasts (2016–2024)
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3D Printing: Ushering in the New Era of Customized Medical Devices
3D printed medical devices are three-dimensional objects, created by attaching successive layers of objects
through a 3D digital file. Such devices are highly customized to suit the patient’s unique needs, which in turn
helps provide better patient outcomes. Moreover, it can also be used to develop anatomical models for medical
related education and for training purposes. This is a rapidly emerging technology facilitating production of
different kinds of medical products such as implants, surgical instruments, and external prosthetics. The
process of 3D printed medical device manufacturing involves multiple steps. These steps depend upon the type
of printing and the complexity of the equipment.
Burgeoning geriatric population in Europe a highly lucrative market
Regional segmentation by Coherent Market Insights comprises North America, Europe, Asia Pacific, Latin
America, Middle East, and Africa. North America accounts for the largest market share, mainly due to presence
of major players and early adoption of advanced medical technologies in countries such as U.S. and Canada.
Europe is the second-largest market, owing to the large target population, especially comprising of elderly
people, with high approval for use of 3D-printed medical devices. Growing disposable income and increasing
awareness levels among the populace in Asia Pacific, along with a large population base is expected to position
Asia Pacific as a high growth market in the near future.
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Prosthetics and implants the mainstay of 3D-printed medical devices
The global 3D printed medical devices market is segmented on the basis of product type, raw material, technology,
end user, and geography. On the basis of product type, the market is segmented into implants, surgical instruments,
prosthetics, tissue engineering devices, and others. Implants is sub-segmented into cranial implants, orthopedic
implants, and dental implants; surgical instruments is sub-segmented into scalpels, retractors, and others; tissue
engineering devices is sub-segmented into bone and cartilage scaffolds and ligament and tendon scaffolds.
Technological advancements making 3D-printed devices more affordable
Factors driving growth of the 3D printed medical devices market include rising technological advancements through
development of innovative 3D printed medical equipment and increasing healthcare spending worldwide. For
instance, Stratasys Ltd. is focusing on development of extensive detailed prototypes or molds made of flexible and
transparent materials for detailed study of chronic diseases. Moreover, aging population also contributes towards
the demand for these devices. This is primarily due to the fact that this particular demographic group is more
susceptible to osteoarthritis, gangrene, as a risk of diabetes and chronic heart disorders. Rising incidence of road
and other accidents is also expected to influence market growth. However, stringent regulatory framework, high cost
of 3D printed devices, and low reimbursement policies are some of the factors restraining market growth for 3D
printed medical devices.
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On the basis of raw material, the market is divided into plastics, biomaterial inks, and metal and alloys.
Plastics are further divided into thermoplastics and photopolymers. Biomaterial inks include polymers,
ceramics and hydrogels.
On the basis of technology, the market is segmented into Fused Deposition Modeling (FDM), Digital Light
Processing (DLP), Stereolithography (SLA), Selective Laser Melting (SLM), Electron Beam Melting (EBM),
Multi Jet Fusion (MJF), and others.
On the basis of end user, the market is classified into hospitals, diagnostic centers, academic institutions,
and others.
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Stratasys Ltd. is one of the major companies for 3D printed medical devices market
Key players operating the 3D medical devices market include : 3D Systems, Inc., Stratasys Ltd., EOS
GmbH Electro Optical Systems, Arcam AB, FabRx Ltd., Bio3D Technologies, EnvisionTEC, Cyfuse
Biomedical K.K., Concept Laser GmbH, 3T RPD, Ltd., and Prodways. Major companies in the market are
constantly working towards introducing innovative products and lower production costs in order to enhance
profitability. For instance, in November 2016, 3D Systems extended its anatomical modeling service aimed
at including pliable MultiJet Printing (MJP) material for patient-specific 3D modelling and printing services.
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