Dublin, Dec. 20, 2021 (GLOBE NEWSWIRE) -- The "3D Printed Medical Devices Global Market Report 2021: COVID-19 Growth and Change to 2030" report has been added to ResearchAndMarkets.com's offering.
The global 3d printed medical devices market is expected to grow from $1.33 billion in 2020 to $1.49 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The market is expected to reach $2.78 billion in 2025 at a CAGR of 16.9%.
Major players in the 3D printed medical devices market are 3D Systems Corporation, EnvisionTEC, Stratasys Ltd., Arcam AB and Cyfuse Biomedical.
The 3D printed medical devices market consist of sales of 3D printed medical devices and related services. 3D printing is a process to create three dimensional medical devices with the help of computer-aided design. Some of the 3D printed medical devices include orthopaedic and cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics.
Biocompatibility issues related to 3D printed medical devices restrict the growth of the 3D printed medical devices market. Biocompatibility implies to the properties that make material or a device compatible with the human body. If the material used for the preparation of 3D printed implant device is not compatible with the patients' biomechanics, then patients may suffer side effects such as abnormal growth of bone and bleeding.
Among the most common metal used in the manufacturing of 3D printed medical devices is Titanium. Though Titanium offers reliability and accuracy in creating medical grade products, some human bodies tend to reject titanium as its chemical composition can inhibit the bone and tissue from interacting with the implant.
Apart from these other reasons which may contribute to the failure of metallic implants that are either caused by the material properties of the metal (e.g., high stiffness, high corrosion rate, and toxicity) itself or by the exposure of the bone to infected metal implants i.e., infection.
The increasing use of 3D printing technology in the spine industry is one of the latest trends in the 3D printing medical devices market. The spine industry is adopting 3D printing to produce new innovative products that can promote bone ingrowth and improve implant fixation to spine bone, reduce the number of manufacturing steps, thereby making the 3D printing process more cost-effective in several cases.
For instance, Medtronic launched its titanium 3D printed platform - TiONIC Technology. TiONIC Technology is a 3D printed technique that uses laser methods to create implants with enhanced surface textures. Artic-L is the first implant created by the company using TiONIC Technology. The implant is made up of titanium and designed to be used by surgeons in spine surgery. Addition to that, K2M's Lamellar, introduced its 3D Titanium Technology to create 3D spinal implant.
The 3D printing medical device using titanium technology uses an advanced 3D printing method to create structures that were once considered impractical with traditional manufacturing techniques. The implants use titanium powder and are associated with bone growth activity.
Increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the growth of the 3D printed medical devices market. Osteoarthritis is a disorder that damages the joint cartilage and surrounding tissues causing pain, stiffness, and loss of joint function to the person affected by it.
The 3D printing medical devices enable to create an exact replica of a patient's joint which can provide surgeons with a crucial piece of information which might not be visible on a 2-dimensional scan. The chance of developing the osteoarthritis increases with age.
For instance, according to the US National Library of Medicine report, by 2040, it is estimated that approximately 78 million (26%) US adults aged 18 years and above will be projected to have doctor-diagnosed arthritis. Thereby driving the adoption of 3D printed medical devices, positively impacting the market growth.
Key Topics Covered:
1. Executive Summary
2. 3D Printed Medical Devices Market Characteristics
3. 3D Printed Medical Devices Market Trends and Strategies
4. Impact Of COVID-19 On 3D Printed Medical Devices
5. 3D Printed Medical Devices Market Size and Growth
5.1. Global 3D Printed Medical Devices Historic Market, 2015-2020, $ Billion
5.1.1. Drivers Of the Market
5.1.2. Restraints On the Market
5.2. Global 3D Printed Medical Devices Forecast Market, 2020-2025F, 2030F, $ Billion
5.2.1. Drivers Of the Market
5.2.2. Restraints On the Market
6. 3D Printed Medical Devices Market Segmentation
6.1. Global 3D Printed Medical Devices Market, Segmentation by Type, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Implants
- Surgical instruments
- Prosthetics
- Tissue engineering devices
- Others
6.2. Global 3D Printed Medical Devices Market, Segmentation by Application, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Orthopedic
- Spinal
- Dental
- Hearing Aids
- Other
6.3. Global 3D Printed Medical Devices Market, Segmentation by Technology, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Fused Deposition Modelling
- Digital Light Processing
- Stereolithography
- Selective Laser melting
6.4. Global 3D Printed Medical Devices Market, Segmentation by Raw Material, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Plastics
- Biomaterial inks
- Metals and Alloys
6.5. Global 3D Printed Medical Devices Market, Segmentation by End User, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
- Hospitals
- Diagnostics Centres
- Academic Institutions
- Others
7. 3D Printed Medical Devices Market Regional and Country Analysis
7.1. Global 3D Printed Medical Devices Market, Split by Region, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
7.2. Global 3D Printed Medical Devices Market, Split by Country, Historic and Forecast, 2015-2020, 2020-2025F, 2030F, $ Billion
Companies Mentioned
- 3D Systems corporation
- EnvisionTEC
- Stratasys Ltd.
- Arcam AB
- Cyfuse Biomedical
- Materialise NV
- Organovo Holdings
- EOS GmbH
- FabRx Ltd.
- Concept Laser
- SLM Solutions
- Oxford Performance Materials Inc.
- Bio3D Technologies
- Laser GmbH
- Prodways Group
- 3T RPD Ltd.
- Photopolymerization
- laser beam melting
- Electron beam melting
- Laminated object manufacturing
- Formlabs
- Concept Laser
- EOS GmbH Electro Optical Systems
- Renishaw Plc
- Groupe Gorge SA
- Biomedical Modelling
- Carbon Inc.
- General Electric Company
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