3D Printing Polymer Material Market to Garner US$ 2,253.65 million, Globally, by 2028 at 13.5% CAGR; Industry Trends, Share, Size, Top Key Players Analysis and Forecast Research 2028

The 3D printing polymer material market for medical application was valued at US$ 930.70 million in 2021 and is projected to reach US$ 2,253.65 million by 2028; it is expected to grow at a CAGR of 13.5% from 2021 to 2028.

3D printing technology has found various uses in the medical sector, from 3D printed surgical guides and tools to replicas of human organs for presurgical planning. Thermoplastic polymers and thermosetting polymers are used for 3D printing. Fused deposition modeling (FDM), selective laser sintering (SLS), and thermal inkjet (TIJ) printing are among the most commonly used 3D printer technologies in medical applications.

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Major key players covered in this 3D Printing Polymer Material Market report:
• Evonik Industries AG
• STRATASYS LTD
• Formlabs
• Henkel AG & COMPANY, KGAA
• Arkema
• BASF SE
• Roboze
• Bionic Production GmbH
• Orion Additive Manufacturing GmbH
• Solvay S.A.

The global market is segmented into five main regions-North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. North America held the largest revenue share of the market in 2020. The 3D printing polymers materials market for medical applications is flourishing in North America due to the high demand for hearing aid devices because of the rise in the deaf population and wide applications of these materials in the medical field.

Impact of COVID-19 Pandemic on 3D Printing Polymer Material Market for Medical Application

Prior to the COVID-19 pandemic, the 3D printing polymer material market for medical application was growing due to the high demand for hearing aid devices and other medical devices. However, due to the pandemic, there was unprecedented rise in the number of COVID-19 cases across the globe. The difficulties faced by manufacturers in the procurement of raw materials and the subsequent shutdown of manufacturing facilities hampered the growth of the various markets. The 3D printing polymer material market for medical application also experienced the tremors of the disturbed supply chains and limited operational efficiencies.

The study conducts SWOT analysis to evaluate strengths and weaknesses of the key players in the 3D Printing Polymer Material market. Further, the report conducts an intricate examination of drivers and restraints operating in the market. The report also evaluates the trends observed in the parent market, along with the macro-economic indicators, prevailing factors, and market appeal according to different segments. The report also predicts the influence of different industry aspects on the 3D Printing Polymer Material market segments and regions.

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The report includes the segmentation of the global 3D printing polymer material market for medical application as follows:

Based on material, the global 3D printing polymer material market for medical application is segmented into polyether ether .., polymethylmethacrylate, polylactic acid, and others. Based on application, the market is segmented into dental and hearing aids. The market for the dental segment is further segmented into dental implants, dental prosthetics, implant accessories, and others. By geography, the 3D printing polymer material market for medical application is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market in North America is subsegmented into the US, Canada, and Mexico. The European 3D printing polymer material market for medical application is further segmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The Asia Pacific market is subsegmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The Middle East & Africa (MEA) 3D printing polymer material market for medical application is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The market in South & Central America is subsegmented into Brazil, Argentina, and the rest of South & Central America.

The overall global 3D printing polymer material market size for medical application has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the 3D printing polymer material market for medical application.

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