3D Printed Medical Devices & Implants Market Size is estimated to grow at a significant rate from 2022 and 2028. Different types of medical devices are produced through 3D printing constitute cranial and orthopedic implants, dental restorations such as external prosthetics and crowns, and surgical instruments. The flexibility offered by 3D printing enables designers to make changes easily without the requirement for setting up additional tools or equipment. Additionally, it also allows manufacturers to create devices with very complex structures or devices that are matched to a patients anatomy.
On the basis of component, the software segment registered commendable share in the market revenue through 2028. This rise is attributed to an upsurge in the adoption of software that impels the usage of additive manufacturing in medtech. This includes spitting out a 3D-printable file of a medical image, ensuring that a 3D printer is printing to spec, designing a complicated 3D structure at a rapid pace, and others.
Based on technology, the 3D printed medical devices & implants market is estimated to record considerable proceeds from laser beam melting segment over the analysis period. This growth is credited to the extensive usage of this powder bed based additive manufacturing process across the industry. The method is deployed by various manufacturers for characterizing the packaging behavior and flow behavior of the raw material powder, which considerably influences the parameters of construction, boosting the market share through the coming years.
The North America 3D printed medical devices & implants market is set to account for a substantial share in the global industry up to 2028. This is due to the soaring adoption of 3D printing as per guidelines from regulators such as the FDA. The regional growth is further promoted by the increasing versatility of the 3D printing numerous medical applications in biologics regulated by the Center for Biologics Evaluation and Research, drugs regulated by the Center for Drug Evaluation and Research, and medical devices regulated by the Center for Devices and Radiological Health (CDRH).
Leading players across the 3D printed medical devices & implants industry include Cyfuse Biomedical, Aspect Biosystems, Medprin, 3D Bioprinting Solutions, Rokit, Materialise, Organovo, BioBots, Formlabs, and others. These companies are focusing on the acceptance of numerous expansion strategies such as product developments, acquisitions, mergers, partnerships, and collaborations for consolidating their position in the market.
For instance, in October 2021, one of the major 3D printing medical device companies, Stratasys, entered into an agreement with Bone 3D, a French medtech startup. This partnership will directly put Stratasys 3D printing technology into the hands of the front-line medical professionals of France.
Assessing COVID impact on 3D printed medical devices & implants market growth
The COVID-19 pandemic has escalated the demand for 3D printed devices with an increasing number of stakeholders interested in the production and designing of these devices. Regulators across various regions are, therefore, focusing on the facilitation of information-sharing regarding the usage of 3D printing and other advanced manufacturing technologies in the context of PPE (personal protective equipment) and other medical device parts. These efforts are anticipated to propel the 3D printed medical devices business landscape across various regions.
The 3D printed medical devices & implants market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD from 2017 to 2028 for the following segments:
Market, by Component
Market, by Technology
- Laser beam melting (LBM)
- Electronic beam melting (EBM)
- Droplet deposition
Market, by Application
Market, by End-use
- Pharmaceutical and biopharmaceutical companies
- Academic institutions
- Surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa