3D Printed Medical Devices Market Is Projected to Be Around US$ 348.1 Mn With Healthy CAGR of 18.4% by 2028

The growing prevalence of periodontitis, diabetes-related gangrene, bone-dental diseases, osteoarthritis, and peripheral vascular disease is driving the growth of the global 3D printed medical devices market. For instance, in April 2018, researchers at Sri Ramachandra University, India, reported a 42.3% prevalence of periodontal disease in southern India.

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Additionally, a growing number of accidents is again projected to support the growth of the market. For instance, according to the 2018 Fatal Motor Vehicle Crashes: Overview by National Highway Traffic Safety Administration, a U.S. federal agency, 10,511 deaths were registered in the U.S. in 2018.

The rise in the R&D in biocompatible materials and devices is also projected to offer lucrative growth opportunities for players in the global 3D printed medical devices market. For example, in February 2019, researchers from Simon Fraser University reported the development of eco- friendly 3D printed disposable sensor devices with smart 3D form factor using biocompatible cellulose composites.

1. In April 2019, Nexxt Spine, the U.S.-based medical device manufacturer, expanded its metal 3D printing capabilities with the installation of two Concept Laser Mlab 100R systems from GE Additive
2. In February 2019, Aurora Labs, the Australia-based metal 3D printer manufacturer, partnered with the University of Western Australia (UWA) and Royal Perth Hospital (RPH) to develop designs, specifications, and parameters for the 3D printing of titanium medical implants
3. In September 2020, ORBIS® Corporation, an international reusable packaging company, adds the new Odyssey® rackable pallet for use in heavy-duty racking applications to its suite of plastic pallet offerings. The 40-by-48-inch Odyssey pallet is a robust solution that supports heavy loads and provides stability with unique design features, including optional steel reinforcements and molded-in frictional elements.

North America is expected to hold a dominant position in the global 3D printed medical devices market and this is accredited to increasing focus on developing porous 3D printed PEEK porous medical implants. For instance, in January 2020, FossiLabs, LLC, a US-based medical 3D printing start-up, launched its FFF 3D printed bone-like scaffolding structures using a porous PEEK material.

Recent technological advances such as solid-state electronics, computer memory, multi-tasking devices, miniature instruments, etc have been incorporated into the 3D printed medical device projects. Hence the technology is further being applied to new applications in all health care sectors like diagnostic devices, surgical instruments, dental implants, cardiovascular devices, and many more. This technology has also been applied in other industries such as aerospace, automobiles, lighting, etc.

Major Players Covered In This Report: 3D Systems, Inc., Arcam AB, Stratasys Ltd., FabRx Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Cyfuse Biomedical K.K., Bio3D Technologies, PrinterPrezz, Carima, Nexxt Spine, and Aurora Labs.

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