Medical 3D Printing Plastics Market to Grow at 26.2% CAGR, Fueled by Demand for Customized Implants and Prosthetics

In 2022, the global Medical 3D Printing Plastics Market size was USD 334 billion. It is projected to achieve a revenue compound annual growth rate (CAGR) of 26.2% during the forecast period. The primary driver for market revenue growth is the increasing demand for personalized medical implants and prosthetics. The use of 3D printing technology has revolutionized the healthcare sector by enabling the production of prosthetics and implants that are tailored to fit each patient's unique needs, providing superior comfort and effectiveness. The ongoing development of new 3D printing polymers is driven by the need to enhance medical device production efficiency and cost-effectiveness.

The rising prevalence of chronic diseases such as diabetes and arthritis has led to an increased need for medical devices and implants with high strength, biocompatibility, and sterilizing capabilities. The market's revenue growth is also fueled by the use of 3D printing technology in medical research and education.

Get Free Sample PDF (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.reportsanddata.com/download-free-sample/6155

Key players in the Medical 3D Printing Plastics Market:

• Evonik Industries AG
• Solvay
• BASF SE
• Arkema S.A.
• Stratasys Ltd.
• EnvisionTEC
• Oxford Performance Materials, Inc.
• Formlabs
• 3D Systems, Inc.
• Materialise NV

The COVID-19 pandemic has had a mixed impact on the medical 3D printing plastics market. On one hand, it has highlighted the urgent need for rapidly producing medical equipment and personal protective gear that is affordable, which has hastened the development of 3D printing technology in the healthcare sector.

Segments Covered in the Report -

The global medical 3D printing plastics market can be segmented by type, application, and technology outlook.

In terms of type, the market includes Acrylonitrile Butadiene Styrene (ABS), Polylactic Acid (PLA), Polycarbonate (PC), Polyethylene Terephthalate Glycol (PETG), and other materials.

When it comes to applications, the market is divided into medical implants and devices, surgical instruments, and other areas.

Regarding technology outlook, the market can be categorized into Fused Deposition Modeling (FDM), Stereolithography (SLA), and other technologies.

ABS, a type of 3D printing plastic, is commonly used in medical device production due to its high strength and durability. PLA is a biodegradable and bioactive material that is widely used in 3D printing of surgical implants and prosthetics. Polycarbonate is an excellent choice for medical devices and implants requiring transparency and high impact resistance. PETG is a popular material for 3D printing medical models, tools, and equipment.

The market's application outlook is dominated by medical implants and devices, which include dental implants, hearing aids, orthopedic implants, and other products. Surgical instruments are another significant application of 3D printing plastics in the medical industry. Other areas, such as medical research and education, also utilize 3D printing plastics.

Fused Deposition Modeling (FDM) is the most commonly used technology for 3D printing medical devices, implants, and prosthetics. Stereolithography (SLA) is another popular technology that is commonly used in dental applications. Other technologies, such as Selective Laser Sintering (SLS) and Digital Light Processing (DLP), are also used for 3D printing medical devices and implants.

Access Full Report Description with Research Methodology and Table of Contents @ https://www.reportsanddata.com/report-detail/medical-3d-printing-plastics-market

Strategic development:

• A new high-performance polymer, named VESTAKEEP i4 G, was introduced by Evonik Industries AG on 4 May 2020 for medical 3D printing applications. This polymer offers outstanding mechanical properties and biocompatibility, making it an excellent choice for use in medical implants and devices.
• Solvay announced a new partnership with PrinterPrezz, a medical 3D printing company, on 15 December 2020, to develop high-performance medical implants using Solvay's medical-grade KetaSpire PEEK polymer.
• Stratasys Ltd. partnered with Materialise NV on 26 November 2018, to develop innovative 3D printing solutions for the medical industry. This collaboration brings together Stratasys' expertise in 3D printing technology and Materialise's software and 3D printing services.
• Evonik Industries AG launched a new range of medical-grade photopolymers for dental and orthopedic applications on 27 April 2021. These photopolymers are suitable for producing highly precise and detailed 3D printed models of teeth, bones, and other anatomical structures.

Request a customization of the report @ https://www.reportsanddata.com/request-customization-form/6155

Read More About: -

Optical Preclinical Imaging Market - https://www.reportsanddata.com/report-detail/optical-preclinical-imaging-market

Ventricular Assist Devices (VAD) Market - https://www.reportsanddata.com/report-detail/ventricular-assist-devices-market

Auto Injectors Market - https://www.reportsanddata.com/report-detail/auto-injectors-market

Automated Breast Ultrasound (ABUS) Market - https://www.reportsanddata.com/report-detail/automated-breast-ultrasound-market

Blood Warmers Market - https://www.reportsanddata.com/report-detail/blood-warmers-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behaviour shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W
Head of Business Development
Direct Line: +1-212-710-1370
E-mail: sales@reportsanddata.com
Reports and Data | Web: www.reportsanddata.com
Check our upcoming research reports @ https://www.reportsanddata.com/upcoming-reports
Visit our blog for more industry updates @ https://www.reportsanddata.com/blogs

This release was published on openPR.