3D Printing in Medical Devices Market is Expected to Grow at a CAGR of 16.8% between 2021-2031 | Arcam AB, Prodways, 3T RPD

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, topology 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.

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Market Segments

By Component

3D Printing Equipment
Materials
Plastics
Metal and Metal Alloy Powders
Biomaterials
Other

Services and Software

By Technology

Photopolymerization
Digital Light Processing
Stereolithography
Two-Photon Polymerization (2PP)
Droplet Deposition (DD) Or Extrusion-Based Technologies
Fused Deposition Modeling (FDM)
Multiphase Jet Solidification (MJS)
Low-Temperature Deposition Manufacturing (LDM)
Laser Beam Melting (KBM)
Selective Laser Melting (SLM)
Direct Metal Laser Sintering (DMLS)
Selective Laser Sintering (SLS)
Lasercusing
Electron Beam Melting (EBM)
Three Dimensional Printing (3DP) Or Adhesion Bonding

By Medical Product

Surgical Guides
Dental Guides
Craniomaxillofacial (CMF) Guides
Orthopedic Guides
Surgical Instruments
Surgical Fasteners
Scalpels
Retractors
Prosthetics and Implants
Standard Implants
Custom Implants
Tissue Engineering Products
Bone and Cartilage Scaffolds
Ligament and Tendon Scaffolds

By End User

Hospitals & Surgical Centers
Dental & Orthopedic Clinics
Academic Institutions & Research Laboratories
Pharma-Biotech & Medical Device Companies
Clinical Research Organizations

By Region

North America
Europe
Asia Pacific
Rest of the World

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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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