Global 3D Printing in Medical Devices Market is expected to reach $7.2bn by 2031 growing at a CAGR of 16.8% between 2021-2031.
Market Overview
3D printing is a type of additive manufacturing. There are various types of additive manufacturing, but the terms 3D printing and additive manufacturing are often used mutually. 3D printing is a process that generates a three-dimensional object by constructing successive layers of raw material. Every new layer is attached to the previous one until the entity is complete. Objects are generated from a digital 3D file, such as a computer-aided design (CAD) drawing or a Magnetic Resonance Image (MRI).
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The flexibility of 3D printing allows creators to make changes simply without the need to set up additional equipment or tools. It also allows manufacturers to generate devices matched to a patient’s anatomy (patient-specific devices) or devices with very complex internal structures. These capabilities have surged huge interest in the 3D printing of medical devices and other products, comprising food, household items, and automotive parts.
Market Drivers
Rising public-private funding for 3D printing activities
In recent times, there has been a significant rise in public-private funding to support various initiatives in the 3D printing industry such as research and funding activities that are likely to boost the development of 3D printing products and technologies, thereby fuelling the growth of the 3D printing medical devices market. For instance, in September 2020, nTopolgy raised $40M to drive the future of engineering.
Rising public-private funding for 3D printing activities
In recent times, there has been a significant rise in public-private funding to support various initiatives in the 3D printing industry such as research and funding activities that are likely to boost the development of 3D printing products and technologies, thereby fuelling the growth of the 3D printing medical devices market. For instance, in September 2020, nTopolgy raised $40M to drive the future of engineering.
Impact of COVID-19 on 3D Printing Medical Devices Market
Owing to the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the 3D printing medical devices reduced as hospitals became primarily focused on the COVID-19 pandemic. The pandemic has led to a significant increase in the demand for ventilators. The closure of manufacturing facilities owing to shutdowns and disrupted supply chains slightly impacted the growth of the 3D printing medical devices market during the COVID pandemic.
Market Segments
By Component
- 3D Printing Equipment
- Materials
- Plastics
- Metal and Metal Alloy Powders
- Biomaterials
- Other
- Services and Software
By Technology
- Photopolymerization
- Digital Light Processing
- Stereolithography
- Two-Photon Polymerization (2PP)
- Droplet Deposition (DD) Or Extrusion-Based Technologies
- Fused Deposition Modeling (FDM)
- Multiphase Jet Solidification (MJS)
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- Low-Temperature Deposition Manufacturing (LDM)
- Laser Beam Melting (KBM)
- Selective Laser Melting (SLM)
- Direct Metal Laser Sintering (DMLS)
- Selective Laser Sintering (SLS)
- Lasercusing
- Electron Beam Melting (EBM)
- Three Dimensional Printing (3DP) Or Adhesion Bonding
By Medical Product
- Surgical Guides
- Dental Guides
- Craniomaxillofacial (CMF) Guides
- Orthopedic Guides
- Surgical Instruments
- Surgical Fasteners
- Scalpels
- Retractors
- Prosthetics and Implants
- Standard Implants
- Custom Implants
- Tissue Engineering Products
- Bone and Cartilage Scaffolds
- Ligament and Tendon Scaffolds
By End User
- Hospitals & Surgical Centers
- Dental & Orthopedic Clinics
- Academic Institutions & Research Laboratories
- Pharma-Biotech & Medical Device Companies
- Clinical Research Organizations
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