The GMI Research foresees a huge expansion in the growth of the 3D Printing Medical Devices Market over the forecast period. This is primarily because of the augmenting application of printing technology across the medical industry.
Introduction of the 3D Printing Medical Devices Market
3D printing is the procedure of fabricating a three-dimensional instrument by forming consecutive layers of raw material. The material is highly elastic and helps the producers to produce devices coordinated with the anatomy of patients with complicated internal structures. 3D printing is used in an extensive range of healthcare operations such as neurosurgery, gastroenterology, cardiology, and plastic surgery. 3D printing in the medical industry is primarily implemented for customized treatment.
3D Printing Medical Devices Market Dynamics
The growing allowance by public and private organizations for 3D printing activities and the ongoing technological innovation in the 3D printing sector are the chief drivers propelling the growth of the global 3D Printing Medical Devices market. Further, the augmenting acquisition of 3D printed medical devices across several medical uses such as 3D printed orthopaedic and dental devices will positively influence the market growth. Besides this, various producers are emphasizing continuous product launches, such as the initiation of novel designs of 3D printed medical instruments with customization depending on the specific needs of patients will strengthen the market size. Thus, this continuous technological innovation will supplement the market growth.
Moreover, the increasing incidences of organ failure have persuaded the patients to choose for an organ transplant, thus, supplementing the market demand. The increasing digitalised production process and the lapse of important patents in the 3D printing sector will impel market growth. However, the rigorous managerial process for the adoption of 3D Printed Medical Devices, the inflated cost of medical products and the insufficient competent professionals will restrain the market growth.
Component Segment Analysis
Based on the Component, the Global 3D Printing Medical Devices market can be bifurcated into Materials, Equipment, and Services & Software. Amongst which, the equipment segment is anticipated to fuel at a higher rate over the coming years. This is due to the augmenting application of 3D printing medical instruments for several applications such as 3D orthopaedic and 3D printed dental instruments. Moreover, the ongoing technological innovation in 3D printing such as the innovation of bioprinting will further supplement the demand for 3D printing equipment, thereby complementing the market growth.
Regional Drivers
Based on regional analysis, the Asia-Pacific region is anticipated to lead the market with the highest CAGR during the forecast period. This is because of the development of modern 3D printing research & training institutes in order to acquire more technical proficiency to direct and sustain the 3D printers. In addition, the prominent players are emphasising the augmentation of their distribution channels primarily across the developing nations such as China, India, and Japan, which will complement the growth of the 3D printing medical devices market. For instance, Envision entered into an agreement with DKSH, with an intention to proliferate the printing solutions market across the Philippines, Malaysia, Taiwan, Singapore, and Vietnam. Thus, the aggravating presence of multinational players along with the advancements in 3D medical printing technology will generate huge opportunities for market growth.
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3D Printing Medical Devices Market Segmentation:
Segmentation by Technology
- Laser Beam Melting
- Direct Metal Laser Sintering
- Selective Laser Sintering
- Selective Laser Melting
- Laser using
- Photopolymerization
- Digital Light Processing
- Stereolithography
- Two-Photon Polymerization (2PP)
- Polyjet 3D Printing Technology
- Electron Beam Melting
- Droplet Deposition Or Extrusion-Based Technologies
- Fused Deposition Modeling (FDM)
- Multiphase Jet Solidification
- Low-Temperature Deposition Manufacturing
Segmentation by Component
- Equipment
- 3D Printers
- 3D Bioprinters
- Materials
- Plastics
- Thermoplastics
- Photopolymers
- Metal and Metal Alloy Powders
- Bioprinting Biomaterials
- Others
- Services & Software
Segmentation by Type
- Surgical Guides
- Dental Guides
- Craniomaxillofacial Guides
- Orthopaedic Guides
- Surgical Instruments
- Surgical Fasteners
- Scalpels
- Retractors
- Prosthetics and Implants
- Standard Implants
- Custom Implants
- Custom Orthopaedic Implants
- Custom Dental Implants
- Custom Craniomaxillofacial Implants
- Tissue Engineering Products
- Bone and Cartilage Scaffolds
- Ligament and Tendon Scaffolds
Segmentation by Region:
- Asia Pacific
- China
- Japan
- India
- Rest of APAC
- North America
- United States of America
- Canada
- Europe
- United Kingdom
- Germany
- France
- Spain
- Rest of Europe
- RoW
- Brazil
- South Africa
- Saudi Arabia
- UAE
