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3D Printing Medical Devices Market Set to Grow at 11.6% CAGR by 2025

3D Printing Medical Devices Market is expected to reach USD 2.01 billion by 2025, from USD 0.83 billion in 2017 growing at a CAGR of 11.6% during the forecast period of 2018 to 2025. The Global 3D Printing Medical Devices Market, By Technology (Laser Beam Melting, Photopolymerization, Electron Beam Melting), Component (Equipment, Materials, Services & Software), Type (Surgical Guides, Surgical Instruments, Tissue Engineering Products), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Forecast to 2025

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Major Players profiled in this report:

Koninklijke Philips N.V, ENVISIONTEC INC, 3D Systems Inc, Stratasys Ltd., Envisiontec GmbH, EOS GmbH Electro Optical Systems, Renishaw plc, Anatomics Pty Ltd., Biomedical Modeling Inc., Organovo Holdings, Inc. SLM Solutions Group AG, Carbon Inc, Prodways Group, Concept Laser GmbH, 3T RPD Ltd, Arcam AB, Wacker Chemie AG, Concept Laser GmbH, FIT AG and among others.

Key Developments in the Market

In September 2018, Wacker Chemie AG (Germany) announced the opening of US 3D printing lab for silicone rubber. Through this the company would expand its business for 3D printing technology in U.S.

In November 2017, Koninklijke Philips N.V, announced the agreement with 3D Systems and Stratasys. Through this agreement the company strengthen their anatomical knowledge that would enhance the impact on clinical trial reviewing complex and multi-disciplinary cases.

Market Segmentation: 

The global 3D printing medical devices market is segmented based on technology, component, type and geography.

By technology the global 3D printing medical devices market is segmented into laser beam melting, photopolymerization, electron beam melting, droplet deposition or extrusion-based technologies and 3dp or adhesion bonding or binder jetting. Laser beam melting is segmented into direct metal laser sintering, selective laser sintering, selective laser melting and lasercusing. Photopolymerization is segmented into digital light processing, stereolithography, Two-Photon Polymerization and Polyjet 3D Printing Technology. Droplet deposition is segmented into fused deposition modelling, multiphase jet solidification.

By component the global 3D printing medical devices market is segmented into equipment, materials, services & software. Equipment is further segmented into 3D printers and 3D Bioprinters. Material is segmented into plastics, metal and metal alloy powders, biomaterials and others. Other segment is further segmented into ceramics, paper and wax.

By type the global 3D printing medical devices market is segmented into surgical guides, surgical instruments, prosthetics and implants, tissue engineering products. Surgical guides are further segmented into dental guides, craniomaxillofacial guides and orthopedic  guides. Surgical instruments are further segmented into surgical fasteners, scalpels, retractors. Prosthetics and implants are further segmented into standard implants, custom implants. Tissue engineering products are segmented into bone and cartilage scaffolds and ligament and tendon scaffolds.

Based on geography, the market report covers data points for 28 countries across multiple geographies namely North America & South America, Europe, Asia-Pacific and, Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, South Africa and, Brazil among others.

Market Definition: Global 3D Printing Medical Devices Market

3 D printing is an additive manufacturing device. Through 3D printing 3D pictures can be generated by piling up the successive layers of raw material. In this the new layer is attached over the older layer. 3D objects can be produced from digital 3D file like computer-aided design (CAD) drawing or through a magnetic resonance image (MRI). 3D printing medical devices are used in producing the orthopedics, cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics. These are a combination of innovative technology, 3D print materials, services and medical-industry experts that helps in clinical researches and economic values.

FDA finalizes the guidance for 3D Printed medical device manufacturers for design, testing and related issues regarding additive for 3D printing devices. According to Global Manufacturing Competitiveness Index in 2016, United States is the second highest in 3D printing technology and total 17% total technology is contributed by United States.

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