Universal $9.8 Bn 3D Printing Medical Devices Market | FabRx, Organovo Holdings,EOS GmbH Electro Optical Systems, EnvisionTEC, 3D Systems, Cyfuse Biomedical K.K., Bio3D Technologies, Arcam AB, Stratasys and SLM Solutions Group AG

A Research Study Titled, “3D Printing Medical Devices Market by Component, Technology, Application, and End User – Global Industry Analysis and Forecast to 2025” published by Crystal Market Research, states that the 3D printing medical devices market is projected to be around $9.8 billion by 2025.

3D Printing Medical Devices - Competitive Analysis:

Product development is one of the key strategies adopted by the companies to strengthen their product portfolio and sustain their positions in the market. For example, in March 2017, 3D systems, one of the largest players in 3D printing market, launched a next generation dental manufacturing platform based on their Figure 4 technology.This technology is expected to deliver better and more predictable treatments along with reduction in operational costs.

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Some of the major players in the global 3D printing medical devices market are FabRx Ltd., Organovo Holdings,EOS GmbH Electro Optical Systems, EnvisionTEC, 3D Systems, Inc., Cyfuse Biomedical K.K., Bio3D Technologies, Arcam AB, Stratasys Ltd., and SLM Solutions Group AG.

3D Printing Medical Devices - Industry Trends Analysis:

The 3D printing medical devices marketis expected to be around $9.8billion by 2025.This can be attributed to growing prevalence of osteoarthritis in elderly people, rise in number of injuries related to dental and cranio-maxillofacial due to increase in incidences of accidents, and increased awareness regarding personal care.Ease of development of customized medical products with 3D printing technology is another vital factor responsible for the growth of this market. High cost of printers and stringentregulatoryprocessesfor the approval of 3D-printed medical devicesare some of the factors restraining themarket growth.

3D Printing Medical Devices - Component Outlook and Trend Analysis:

Plastics segment held a major share of the market in 2016, due to the fundamental utility of plastic in these devices. This segment accounted for more than two-third share of the global market in 2016. Biomaterial inks market is anticipated to grow at the fastest rate from 2017 to 2025 as these inks are the fundamental components required for 3D bio-printing.

3D Printing Medical Devices - Technology Outlook and Trend Analysis:

Selective laser sintering (SLS) 3D printing market was the largest market in 2016. This technology scans X&Y cross-sections on the surface of a powder bed to selectively fuse powdered material. PolyJet / inkjet 3D printing market is projected to dominate the segment over the forecast period. This is attributed to factors such as ability of polyjet printers to ensure precise details and smooth surfaces, its growing demand and increasing applications in tissue engineering and regenerative medicine.

3D Printing Medical Devices - Market Opportunities:

3D printing is set to revolutionize every single industry, from printing organs and prosthetic limbs, to space stations, science, manufacturing, and many more. It will have powerful impact over the next 10 years as it offers better clinical outcomes and improved economics for doctors and/or patients.This will provide opportunities to speed up the process of medical device prototype development and improve patient care through customized products as well as develop anatomical models for surgical preparations.

3D Printing Medical Devices Market Segmentation:

3D Printing Medical Devices - By Component: 3D Printing Equipment, 3D Printers, 3D Bioprinters, Materials, Plastics, Thermoplastics, Photopolymers, Biomaterial inks, Polymers, Ceramics, Hydrogels, Metals and Alloys, Services and Software

3D Printing Medical Devices - By Technology:

Digital Light Processing (DLP)
Selective Laser Sintering (SLS) –Powder Based 3D Printing
Electronic Beam Melting (EBM)
Stereolithography (SLA) – Liquid Based 3D Printing
Fused Deposition Modeling (FDM): Plastic Filament Extrusion Based Technology
PolyJet / InkJet 3D Printing

3D Printing Medical Devices - By Application:

Cranio-maxillofacial Implants
Orthopedic Implants
Dental Implants
Internal and External Prostheses

3D Printing Medical Devices - By End User:

Hospitals
Ambulatory Surgical Centers
Diagnostic Centers

3D Printing Medical Devices - Application Outlook and Trend Analysis:

Orthopedic implants segment accounted for the largest share of the overall market in 2016.3D printing has enormous applications in orthopedics to develop patient specific orthopedic implants and casts, which perfectly match the individual’s anatomy. Therefore, this segment is expected to outgrow the other applications during the forecast period.

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3D Printing Medical Devices - By Region:

North America - U.S, Canada, Mexico

Europe - Germany, France, UK, Italy, Spain, Rest of Europe

Asia-Pacific - Japan, China, Australia, India, South Korea, Rest of Asia Pacific

Rest of the World - Brazil, South Africa, Saudi Arabia, United Arab Emirates, Others

3D Printing Medical Devices - Regional Outlook and Trend Analysis:

North America occupied the largest share of the 3D printing medical devices market in 2016. This growthis attributed to high adoption of technologically advanced products in the region along with emphasis on research and development initiatives. Asia-Pacific market will witness considerable growth during the forecast period due to rising awareness about 3D printing technology for medical devices and favorable government initiatives towards the development of 3D technology. For instance, in April 2014, the Japanese governmentagreed to donate $36.5 million to a consortium of Japanese companies to develop next generation 3D printers for healthcare and aerospace applications.

3D Printing Medical Devices - List of Tables:

Table 1.Global 3D Printing Medical Devices Market, By Component, 2016-2025 ($Million)
Table 2.3D Printing Equipment Market, By Type, 2016-2025 ($Million)
Table 3.3D Printing Equipment Market, By Region, 2016-2025($Million)
Table 4.3D Printers Market, ByRegion, 2016-2025 ($Million)
Table 5.3D Bioprinters Market, By Region, 2016-2025 ($Million)
Table 6.Materials Market, By Type, 2016-2025 ($Million)
Table 7.Materials Market, By Region, 2016-2025 ($Million)
Table 8.Plastics Market, By Type, 2016-2025 ($Million)
Table 9.Plastics Market, By Region, 2016-2025 ($Million)
...

3D Printing Medical Devices - List of Figures:

Figure 1.Global 3D Printing Medical Devices MarketShare, By Component, 2016 & 2025
Figure 2.3D Printing Medical Devices Market, By Technology, 2016 ($Million)
Figure3.3D Printing Medical Devices Market, By Application, 2016 ($Million)
Figure4.3D Printing Medical Devices Market, By End User, 2016 ($Million)
Figure5.3D Systems, Inc.: Net Revenues, 2014-2016 ($Million)
Figure6.3D Systems, Inc.: Net Revenue Share, By Segment, 2016
Figure7.3D Systems, Inc.: Net Revenue Share, By Geography, 2016
Figure8.Arcam AB: Net Revenues, 2014-2016 ($Million)
...

Key Findings of the Research Study:

• Plastics segment accounted for more than two-third share of the global market in 2016.

• Polymers segment accounted for over one-third share of the overall market in 2016, due to their primary use in bio-model printing.

• North America dominated the global 3D printing medical devices market in 2016, holding over one-third share of the market, owing to the presence of advanced healthcare infrastructure and highly sophisticated research and development facilities.

• Europe is anticipated to be the second fastest growing 3D printing medical devices market registering a double digit growth rate over the forecast period.

• India and China are projected to witness robust growth during the forecast period, due to high patient population and increase in need for advanced health care services due to growing disposable income.

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