3D Printing Medical Devices Market will expand at a healthy CAGR of around 16.8% over the period of 2021 to 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.

New York, According to a new market research report published by Global Insight Services 3D Printing Medical Devices Market is expected to reach US$ XX bn by 2031. 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.

Market Overview

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.

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Market Drivers

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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Market Opportunities

Direct digital manufacturing

The rising digitization of dentistry and medical procedures has advanced greatly over the years, with the aim of improving the clinical workflow through the incorporation of technology. The industry is witnessing a shift from traditional to digital dentistry and surgeries. Direct digital manufacturing comprises the application of computer-controlled processes for developing a physical object directly from a digital strategy. With the expansion in 3D printing, direct digital manufacturing is becoming a widely used technology as compared to traditional manufacturing techniques. It provides a unique set of advantages as it eliminates the investment in tooling, lowers the lag time between designing and production, and raised production.

Market Players of Global 3D Printing Medical Devices Market

The key players in the global 3D printing medical devices market are Stratasys Ltd., 3D Systems Corporation, Materialise NV, Envisiontec GmbH, Eos GmbH Electro Optical Systems, Renishaw PLC., 3T RPD, Ltd., Arcam AB, Concept Laser GmbH and Prodways among others.

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Reasons to buy 3D Printing Medical Devices Market Report:

• Develop comprehensive understanding of market landscape - industry structure, value-chain, key players, trends, drivers, and challenges
• Drive revenue and market-entry strategy by gaining insights into which segments and geographies are largest and likely to grow fastest
• Formulate sales and marketing strategies by gaining understanding of competitors, their positioning, and strengths & weaknesses
• Develop business and M&A strategies through understanding of latest trends and emerging players in the market
• Refine your business plans by understanding impact of disruptions such as Covid-19 and Russia-Ukraine conflict on the market

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