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3D Printing Medical Devices - Global Market Trajectory & Analytics

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    Report

  • 408 Pages
  • July 2022
  • Region: Global
  • Global Industry Analysts, Inc
  • ID: 5028086

Global 3D Printing Medical Devices Market to Reach $3.2 Billion by 2026


3D Printing, also referred to as Additive Manufacturing (AM), Layered Manufacturing (LM), Rapid Prototyping (RP), and Additive Fabrication (AF), is described as collection of technologies, which build physical 3D objects, tooling components, final production parts, and prototypes by using a layer by layer process. 3D printing has gained recognition during the coronavirus pandemic. While aerospace and defense, medical and dental sectors are the high-value industries already utilizing the technology, automotive and oil and gas are emerging users. As many countries consider moving key production activities to home, 3D printing is expected to play a vital role in facilitating this migration. As the world grappled to deal with the coronavirus outbreak and the ensuing emergency demand for a wide range of products, 3D-printing emerged as the technology of choice that helped governments and the healthcare communities across the world deliver enhanced medical care to patients. Recent innovations in the area of 3D printing are attracting a larger number of consumers, thereby accelerating the global market growth. Moreover, the seamless development of customized medical products using 3D printing technology is expected to significantly enhance the market growth in the near future. The rapid surge in COVID-19 cases created pressing need to ramp up testing along with protection for healthcare providers. The COVID-19 outbreak led to strong demand for nasopharyngeal swabs for collecting nasal epithelial mucosa for diagnosis and testing. The unpredictable spike in demand for these swabs prompted researchers and various companies to rely on 3D printing for ensuring sufficient availability of these tools.

Amid the COVID-19 crisis, the global market for 3D Printing Medical Devices estimated at US$1.6 Billion in the year 2022, is projected to reach a revised size of US$3.2 Billion by 2026, growing at a CAGR of 16.3% over the analysis period. Systems, one of the segments analyzed in the report, is projected to grow at a 15.9% CAGR to reach US$2 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Materials segment is readjusted to a revised 17.9% CAGR for the next 7-year period. This segment currently accounts for a 29.2% share of the global 3D Printing Medical Devices market. Advent of new and effective technologies and approaches, expanding application areas, and funding support from government agencies are expected to foster demand for 3D printing systems.

The U.S. Market is Estimated at $584.2 Million in 2022, While China is Forecast to Reach $418.5 Million by 2026


The 3D Printing Medical Devices market in the U.S. is estimated at US$584.2 Million in the year 2022. The country currently accounts for a 35.33% share in the global market. China, the world's second largest economy, is forecast to reach an estimated market size of US$418.5 Million in the year 2026 trailing a CAGR of 17.6% through the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 15.4% and 15.7% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 16.8% CAGR while Rest of European market (as defined in the study) will reach US$488.5 Million by the end of the analysis period. Rising technological advancements and growth in research and development activities are some of the major factors set to drive growth in the North America region. Asia-Pacific is also anticipated to grow at a significant rate, attributed to a surge in population and rising number of 3D printing applications in the region.

Services Segment to Reach $408.3 Million by 2026


In the global Services segment, USA, Canada, Japan, China and Europe will drive the 14.2% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$160.5 Million will reach a projected size of US$406 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$32.3 Million by the year 2026.

Select Competitors (Total 93 Featured):

  • 3D Systems Corporation
  • 3T Additive Manufacturing Ltd
  • Anatomics Pty Ltd
  • Biomedical Modeling Inc.
  • Carbon, Inc.
  • Cyfuse Biomedical K.K.
  • EnvisionTEC GmbH
  • EOS GmbH Electro Optical Systems
  • Exone
  • Formlabs
  • General Electric Company
  • Materialise NV
  • Organovo Holdings, Inc.
  • Oxferd Performance Materials, Inc.
  • Prodways
  • Proto Labs
  • Renishaw plc
  • SLM Solutions Group AG
  • Stratasys Ltd.

What`s New for 2022?

  • Global competitiveness and key competitor percentage market shares
  • Market presence across multiple geographies - Strong/Active/Niche/Trivial
  • Online interactive peer-to-peer collaborative bespoke updates
  • Access to the digital archives
  • Complimentary updates for one year
The global analysis and forecast periods covered within the report are 2020-2027 (Current & Future Analysis) and 2012-2019 (Historic Review). Research estimates are provided for 2020, while research projections cover the period 2021-2027.

Table of Contents

I. METHODOLOGYII. EXECUTIVE SUMMARY
1. MARKET OVERVIEW
  • Influencer Market Insights
  • World Market Trajectories
  • Impact of Covid-19 and a Looming Global Recession
  • 2020 Marked as a Year of Disruption & Transformation
  • World Economic Growth Projections (Real GDP, Annual % Change) for 2019 to 2022
  • A General Review on Impact on Medical Equipment & Supplies
  • 3D Printing Gains Recognition Amid the Pandemic
  • 3D Printing Tuned to Tackle Emergency
  • List of Application Areas of 3D Printing, Especially for Fighting Against Covid-19 Pandemic
  • Printing Based Diagnostic Tools by Manufacturers
  • 3D Printing Medical Devices - Global Key Competitors Percentage Market Share in 2022 (E)
  • Competitive Market Presence - Strong/Active/Niche/Trivial for Players Worldwide in 2022 (E)
  • 3D Printing: A Transformative Technology
  • 3D Printing Defined
  • 3D Printing: Key Advantages & Limitations of the Intriguing Technology
  • How 3D Printing Gains Over Commercial Manufacturing
  • Additive Manufacturing (AM): Applications Timeline
  • Healthcare: A Promising Market for 3D Printing Technology
  • Commonly Used Materials for 3D Printing by Various Printing Processes
  • Global Market for 3D Printing Materials in Healthcare Sector by Material Type: 2019
  • Types of 3D Printing Technologies
  • Outlook
  • Technological Advancements to Play an Essential Role
  • Growing Opportunities in the Production of Surgical Tools
  • Competition
  • Recent Market Activity
  • World Brands
2. FOCUS ON SELECT PLAYERS
3. MARKET TRENDS & DRIVERS
  • 3D Printing Comes to Aid to Alleviate the Shortage of PPE Amid the Pandemic
  • Face Masks
  • Market Penetration of Face Masks Worldwide in 1Q 2020 (In %)
  • Global Disposable Masks Market Estimates and Forecasts in US$ Million: 2012, 2019, 2020, and 2024
  • Face Shields & Auxiliary Accessories
  • 3D Printing Based Personal Protective Equipment From Manufacturers
  • Ventilator Devices Deficit Helps 3D Printing Venture into Exciting Direction amid COVID-19 Crisis
  • 3D Printing Based Ventilator Devices and Accessories
  • 3D Organ & Tissue Printing: Wide Possibilities Ahead
  • 3-D Bioprinting Gives New Hope to Address Organ Shortage for Transplantation
  • Global Organ Transplantation Procedure Volume in Thousands: 2016 and 2024
  • 3D Printing Raises Pertinent Hopes to Treat Organs Damaged by COVID-19
  • Regulations for Bioprinting: Need of the Hour
  • 3D Printing Facilitates Development of Novel Geometries and Custom Implants
  • 3D Printing Seeks Role in Smart Medical Implants Domain
  • Orthopedic Implants: A High Growth Segment
  • Rising Prevalence of Osteoporosis, Arthritis and Other Orthopedic Disorders and the Ensuing Demand for Orthopedic Implants Open a Strong Business Case for 3D Printing
  • Growth Drivers in a Nutshell
  • Select Musculoskeletal Conditions - Percentage Breakdown by Age Group
  • Global Osteoporosis Prevalence: Number of People with Osteoporosis in Millions by Select Country/Region for 2012 and 2022P
  • World Market for Orthopedic Prosthetic Implants in US$ Million: 2015 and 2022
  • Dental 3D Printing: A High Growth Market
  • Global Dental 3D Printing Applications Market (2020P): Percentage Breakdown of Value Sales by Type - Dental Models, PFM Bridge Substructures, PFM Crown Substructures, Surgical Guides, Temporary Restorations, Wax Casting Patterns and Others
  • 3D Printing Improves Laboratory Workflows
  • Additive Manufacturing Transforms Dental Restorations
  • Global Restorative Dentistry Market Breakdown (in %) by Product for 2019
  • Global Dental Restorative Supplies Market Size in US$ Billion for the Years 2015, 2020, and 2025
  • Impact of COVID-19 on Dental Market
  • State of Dental Practice Amid COVID-19
  • 3D Printing Aids in Preoperative Surgical Planning
  • Role of 3D CAD (Computer Aided Design) in 3D Printing
  • Tissue Engineering Advances Allowing Fabrication of 3D Scaffolds Inside Human Body
  • Key 3D Printing Applications in Tissue Engineering
  • Bone Tissue Engineering
  • Skin Tissue Engineering
  • Nerve Tissue Engineering
  • Vascular Tissue Engineering
  • Other Tissue Engineering Applications
  • Additive Manufacturing of Metal Parts: An Evolving Market
  • NIST Researchers Develop New Method for 3D Printing of Gels and Soft Materials
  • Mass Customization is Key to Growth
  • 3D Printing Ensures Best-in-Class Medical Packaging
  • A Glance at Regulatory Scenario
  • Need for Ethical Approach to Avoid Copyright Infringement
  • Rising Healthcare Expenditure: A Crucial Macro Growth Driver
  • World Healthcare Expenditure (In US$ Billion) for the Years 2017-2023
4. GLOBAL MARKET PERSPECTIVEIII. MARKET ANALYSIS
UNITED STATES
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United States for 2022 (E)
  • Active Players in United States
CANADA
JAPAN
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Japan for 2022 (E)
  • Active Players in Japan
CHINA
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in China for 2022 (E)
EUROPE
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Europe for 2022 (E)
FRANCE
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in France for 2022 (E)
GERMANY
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Germany for 2022 (E)
  • Active Players in Germany
ITALY
UNITED KINGDOM
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in the United Kingdom for 2022 (E)
REST OF EUROPE
ASIA-PACIFIC
  • 3D Printing Medical Devices Market Presence - Strong/Active/Niche/Trivial - Key Competitors in Asia-Pacific for 2022 (E)
REST OF WORLD
IV. COMPETITION
  • Total Companies Profiled: 93

Companies Mentioned

A selection of companies mentioned in this report includes:

  • 3D Systems Corporation
  • 3T Additive Manufacturing Ltd
  • Anatomics Pty Ltd
  • Biomedical Modeling Inc.
  • Carbon, Inc.
  • Cyfuse Biomedical K.K.
  • EnvisionTEC GmbH
  • EOS GmbH Electro Optical Systems
  • Exone
  • Formlabs
  • General Electric Company
  • Materialise NV
  • Organovo Holdings, Inc.
  • Oxferd Performance Materials, Inc.
  • Prodways
  • Proto Labs
  • Renishaw plc
  • SLM Solutions Group AG
  • Stratasys Ltd.