3D Printing Medical Devices Market To Hit Double-Digit of CAGR by 2026

Large patient population, expansion of distribution networks by the key market players, awareness about benefits of 3D printing technology and its adoption across the emerging countries in Asia-Pacific are the factors that drive the growth of the 3D printing medical devices market globally. In addition, growing government investments to enhance the application of 3D printing technology in various industries, including healthcare, is likely to drive the demand of this market. Stringent regulatory process which delay the approval of 3D-printed medical devices along with lack of trained professional are the key factors that may hinder the growth of the market. Demand for organ transplantation along with mergers & acquisitions adopted by several companies to consolidate their market share create growth opportunities.

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By component, the 3D printed equipment segment is expected to grow at the highest rate during the forecast period

On the basis of components, the 3D printing medical devices market is segmented into software & services, equipment (3D printers and 3D bioprinters), and materials (plastics, metal & metal alloys powder, bioprinting biomaterials, and others). In 2017, the software & services segment accounted for the largest share of the 3D printing medical devices market. Whereas, the 3D printing equipment segment is poised to witness the highest growth rate during the forecast period.

By technology, the photopolymerization segment was the largest contributor to the 3D printing medical devices market in 2017

Based on technology, the global 3D printing medical devices market is segmented into five broad categories, namely, electron beam melting, laser beam melting, photopolymerization, droplet deposition (DD) or extrusion-based technologies, and three-dimensional printing (3DP) or adhesion bonding or binder jetting. The photopolymerization technology segment commanded the largest share of the global 3D printing medical devices market in 2017. This is attributed to the widespread application of this technology across the medical industry, for manufacturing surgical guides (orthopedic, dental, and CMF guides), prosthetics and implants, porous scaffolds, and dental restorations.

The 3D printed medical devices market is estimated to grow at a CAGR of about XX.X% over the forecast period 2020 - 2026.

- As per the Organ Procurement and Transplantation Network (OPTN), in 2018, around 27,281 organ implantations were performed in the United States. Further, over 120,000 people in the country were waiting for an organ transplant by the end of 2018. This shortage could likely be reduced by using 3D bioprinting. The 3D bioprinting method deposits "bioink," droplets of living cells or biomaterials, onto a substrate according to digital instructions to reproduce human tissues or organs.

- Moreover, this technology is providing the benefits of personalized treatments at an affordable price to the patients. For instance, 3D printed skin are incorporated on the body of a burnt victim. By using bio-printed skins, doctors minimize the need for skin grafting surgeries. Thus, by applying 3D bio-printed skin, doctors can transfer healthy skin cells to those injury parts, thus making the treatment faster and easier.

- All the above factors are expected to contribute significantly toward the growth of the market. However, securing approval from regulators might impede the widespread medical application of 3D printing during the forecast period.

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Key Market Growth Drivers

Increasing incidences of chronic diseases and the need for patient's wellbeing after surgeries are key driving factors for the market to grow. In addition, growing demand to manufacture high-quality equipment in less time for various applications in the medical sector is fuelling the demand of the market.

Major Challenges

However, the cost for installation and maintenance of the devices is a bit expensive and this is declining the demand of the market. Rapid changes in the economic strategies may also impact negatively on the growth of this 3D printing medical devices market.

Potential Opportunities

Growing support from the private and public organizations in maintaining advanced equipment is anticipated to provide growth opportunities for the market. Increasing the geriatric population and the rise in the number of emergency cases with injuries are likely to bolster the growth of the market.

Key market players included are

o Stratasys Ltd.,
o 3D Systems Corporation,
o Materialise NV,
o Envisiontec GmbH,
o Eos GmbH Electro Optical Systems,
o Renishaw PLC.,
o 3T RPD, Ltd.,
o Arcam AB,
o Concept Laser GmbH and Prodways

Table Of Content

Chapter: 1 INTRODUCTION
1.1. REPORT DESCRIPTION
1.2. KEY BENEFITS
1.3. KEY MARKET SEGMENTS
1.4. RESEARCH METHODOLOGY
1.4.1. Secondary research
1.4.2. Primary research
1.4.3. Analyst tools & models

Chapter: 2 EXECUTIVE SUMMARY
2.1. CXO PERSPECTIVE

Chapter: 3 MARKET OVERVIEW
3.1. MARKET DEFINITION AND SCOPE
3.2. KEY FINDINGS
3.2.1. Top investment pockets
3.2.2. Top winning strategies
3.3. MARKET SHARE ANALYSIS, 2016
3.4. PORTER'S FIVE FORCES ANALYSIS
3.5. MARKET DYNAMICS
3.5.1. Drivers
3.5.2. Restraints
3.5.3. Opportunities

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