3D Printing Medical Devices Market is growing at a Robust CAGR of 16.8% between 2021-2031

Global 3D Printing in Medical Devices Market is expected to reach $7.2bn by 2031 growing at a CAGR of 16.8% between 2021-2031.

Global 3D Printing Medical Devices Market report from Global Insight Services is the single authoritative source of intelligence on 3D Printing Medical Devices Market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters' and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.

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3D printing is a type of additive manufacturing. There are various types of additive manufacturing, but the terms 3D printing and additive manufacturing are often used mutually. 3D printing is a process that generates a three-dimensional object by constructing successive layers of raw material. Every new layer is attached to the previous one until the entity is complete. Objects are generated from a digital 3D file, such as a computer-aided design (CAD) drawing or a Magnetic Resonance Image (MRI). The flexibility of 3D printing allows creators to make changes simply without the need to set up additional equipment or tools. It also allows manufacturers to generate devices matched to a patient's anatomy (patient-specific devices) or devices with very complex internal structures. These capabilities have surged huge interest in the 3D printing of medical devices and other products, comprising food, household items, and automotive parts.

Rising public-private funding for 3D printing activities:

In recent times, there has been a significant rise in public-private funding to support various initiatives in the 3D printing industry such as research and funding activities that are likely to boost the development of 3D printing products and technologies, thereby fuelling the growth of the 3D printing medical devices market. For instance, in September 2020, nTopolgy raised $40M to drive the future of engineering.

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Impact of COVID-19 on 3D Printing Medical Devices Market:

Owing to the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the 3D printing medical devices reduced as hospitals became primarily focused on the COVID-19 pandemic. The pandemic has led to a significant increase in the demand for ventilators. The closure of manufacturing facilities owing to shutdowns and disrupted supply chains slightly impacted the growth of the 3D printing medical devices market during the COVID pandemic.

Key Players:

- Stratasys Ltd.
- 3D Systems Corporation
- Materialise NV
- Envisiontec GmbH
- Eos GmbH Electro Optical Systems
- Renishaw PLC.
- 3T RPD, Ltd.
- Arcam AB

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