Austin, Dec. 17, 2024 (GLOBE NEWSWIRE) -- According to SNS Insider, The Global 3D Printing Medical Devices Market was valued at USD 2.69 billion in 2023 and is projected to reach USD 11.46 billion by 2032, growing at a CAGR of 17.49% from 2024 to 2032.
The 3D Printing Medical Devices Market is experiencing rapid growth, fueled by technological advancements and increasing demand for personalized healthcare solutions.
Market Overview
3D printing technology is rapidly evolving in healthcare. Its ability to quickly prototype custom medical devices and their implants, prosthetics, and surgical instruments with higher demand creates the perfect setting for it. Reasons contributing to its growth can be attributed to the demand for personalized medicine, least invasive procedures, and high-performance results. The growing usage of 3D printers and bioprinters provides healthcare providers with tools for producing customized solutions tailored to the individual patient, enhancing the effectiveness of treatments and recovery times.
At the same time, there are increases in the abilities of technologies through 3D printing for printing of complex models, anatomical patient-specific models, biocompatible implants, and surgical guides. Furthermore, an increasing demand for tissue engineering and bio-printing is generating more technological, sophisticated products. Moreover, with increasing advancement and changing technological features, it helps the use of bio-printing across orthopedic, dental, and craniomaxillofacial surgery and resultantly propels the expansion of market size.
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Major Players Analysis Listed in this Report are:
- Stratasys Ltd.
- EnvisionTEC
- 3D Systems Inc.
- EOS GmbH
- Renishaw plc
- GE Additive
- Desktop Metal Inc.
- CELLINK
- Materialise
- 3T Additive Manufacturing Ltd.
- General Electric Company
- Carbon Inc.
- Prodways Group
- SLM Solutions
- Organovo Holdings Inc.
- FIT AG
- Wacker Chemie AG
- Dentsply Sirona
- DWS Systems SRL
- Roland DG
- HP Inc.
- regenHU
- Fluicell
- Proto Labs
- GESIM
- Triastek
- Inventia
- FabRx
- Apprecia Pharmaceuticals
3D Printing Medical Devices Market Report Scope:
| Report Attributes | Details |
| Market Size in 2023 | US$ 2.69 billion |
| Market Size by 2032 | US$ 11.46 billion |
| CAGR | CAGR of 17.49% From 2024 to 2032 |
| Base Year | 2023 |
| Forecast Period | 2024-2032 |
| Historical Data | 2020-2022 |
| Key Regional Coverage | North America (US, Canada, Mexico), Europe (Eastern Europe [Poland, Romania, Hungary, Turkey, Rest of Eastern Europe] Western Europe] Germany, France, UK, Italy, Spain, Netherlands, Switzerland, Austria, Rest of Western Europe]), Asia Pacific (China, India, Japan, South Korea, Vietnam, Singapore, Australia, Rest of Asia Pacific), Middle East & Africa (Middle East [UAE, Egypt, Saudi Arabia, Qatar, Rest of Middle East]), Africa [Nigeria, South Africa, Rest of Africa], Latin America (Brazil, Argentina, Colombia Rest of Latin America) |
Segment Analysis
By Component Analysis
3D Printers remained the largest and most significant segment in the 3D Printing Medical Devices Market. In 2023, the 3D printers segment held approximately 40.0% of the market share. This dominance is attributed to the growing need for custom medical devices, implants, and surgical tools. These printers enable rapid prototyping, reducing lead time and costs, while offering precision in the production of patient-specific solutions such as prosthetics and implants. The adoption of these technologies is being driven by the demand for personalized, high-quality medical devices that cater to specific patient needs, and the trend towards minimally invasive surgeries.
Meanwhile, 3D Bioprinters represent the fastest-growing segment within this category, thanks to breakthroughs in bioprinting technology. This segment is gaining traction due to its application in tissue engineering, organ modeling, and regenerative medicine. These printers are also becoming crucial in pharmaceutical testing and the development of patient-specific biological solutions. As research in regenerative medicine expands, the role of bioprinters is expected to grow significantly. This segment is poised to witness substantial growth due to increasing investments in bioprinting technologies and the expanding need for personalized treatments.
By Type Analysis
In 2023, the Surgical Guides segment was the market leader, holding a 35.0% share. Surgical guides are extensively used in orthopedics, dental procedures, and craniomaxillofacial surgeries. These guides assist surgeons in performing precise procedures, enhancing surgical outcomes, and reducing the risk of complications. The increased focus on precision surgeries and faster recovery times is driving the demand for surgical guides.
Within the surgical guides category, Orthopedic Guides experienced the fastest growth, fueled by the rising number of orthopedic surgeries and the demand for customized solutions. These guides help surgeons plan and perform complex surgeries, such as joint replacements, using patient-specific models based on 3D-printed replicas of the patient’s anatomy. This not only improves surgical outcomes but also reduces the chances of revision surgeries and complications, contributing to the growth of this segment.
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3D Printing Medical Devices Market Key Segmentation:
By Component
- Software and Services
- Equipment
- 3D Printers
- 3D Bioprinters
- Biomaterials
By Type
- Surgical Guides
- Dental Guides
- Craniomaxillofacial Guides
- Orthopedic Guides
- Surgical Instruments
- Retractors
By Technology
- Electron Beam Melting (EBM) Technology
- Laser Beam Melting (LBM) Technology
- Direct Metal Laser Sintering (DMLS)
- Selective Laser Melting (SLM)
- Selective Laser Sintering (SLS)
- Photopolymerization
Regional Analysis
North America dominated the 3D Printing Medical Devices Market in 2023, accounting for a considerable share of the global market. The region is primarily driven by the presence of key market players, advanced healthcare infrastructure, and significant investments in research and development. The U.S. continues to be a leader in medical device innovations, and with a growing demand for personalized medical solutions, North America is expected to continue its market leadership.
The Asia Pacific region is also emerging to be a key player because of increased healthcare investments and soaring adoption of 3D printing technology in emerging markets like China and India. As these countries further invest in the modernization of healthcare, the market in the region would grow at a rapid pace because of a sense of growing demand for customized medical solutions and bioprinting technologies.
Recent Developments
- In October 2024, U.S.-based bio fabrication firm Biological Lattice Industries raised USD 1.8 million in pre-seed funding to push forward with its AI-enabled software designed to simplify the bio fabrication process. The company aims to make bio fabrication easier for the global R&D market.
- In October 2024, LuxCreo ventured into the USD 500 billion medical device market. With that, LuxCreo offered same-day and scalable manufacturing for its EMA 3D sleep apnea device, looking to transform the future of the production speed and scalability industry.
- NanoHive Medical raised USD 7 million in Series C funding in August 2024 to further its US commercial team, enhance its Hive portfolio of Soft Titanium spinal devices, and enter international markets. This investment will also be directed toward new product development and smart sensor implant technologies.
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Table of Contents – Major Key Points
1. Introduction
2. Executive Summary
3. Research Methodology
4. Market Dynamics Impact Analysis
5. Statistical Insights and Trends Reporting
5.1 Incidence and Prevalence (2023)
5.2 Prescription Trends (2023), by Region
5.3 Device Volume, by Region (2020-2032)
5.4 Healthcare Spending, by Region (Government, Commercial, Private, Out-of-Pocket), 2023
6. Competitive Landscape
7. 3D Printing Medical Devices Market Segmentation, by Component
8. 3D Printing Medical Devices Market Segmentation, by Type
9. 3D Printing Medical Devices Market Segmentation, by Technology
10. Regional Analysis
11. Company Profiles
12. Use Cases and Best Practices
13. Conclusion
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