Medical 3D Printing Market to be Worth $9.6 Billion by 2030

The Medical 3D Printing Market is projected to reach $9.6 billion by 2030, at a CAGR of 18.3% from 2023 to 2030. Medical 3D printing technology plays a crucial role in helping healthcare professionals understand the pathological and anatomical functions in clinical and therapeutic environments. 3D printing technology is used to produce dental implants, prosthetics, and surgical instruments. The 3D printing process involves depositing successive layers of different materials, such as ceramics, plastics, elastomers, and paper, to create 3D-printed objects. These models help point-of-care organizations and hospitals prepare for treatments and facilitate learning and comprehension of intricate medical concepts.

Furthermore, the rising adoption of computer-aided design (CAD)/computer-aided manufacturing (CAM) technologies and the increasing demand for artificial 3D-printed organs are expected to offer significant market growth opportunities. However, the less accuracy and repeatability of 3D printing than traditional methods pose a major challenge to the market's growth.

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Key Players:

The key players operating in the medical 3D printing market are Stratasys Ltd. (Israel and U.S.), 3D Systems Corporation (U.S.), Desktop Metal, Inc. (U.S.), General Electric Company (U.S.), Materialise NV (Belgium), Renishaw plc (U.K.), Autodesk Inc. (U.S.), SLM solutions group AG (Germany), Proto Labs, Inc. (U.S.), Formlabs Inc. (U.S.), and DWS S.r.l. (Italy).

Medical 3D Printing Market: Future Outlook

The medical 3D printing market is segmented based on Product [Medical 3D printing systems (3D Bioprinters, 3D Printers), Material [Polymers (Photopolymers, Thermoplastics, and Other Polymers}, Metals, Ceramics (Zirconia, Alumina, and Other Ceramics), Composites, Other Materials], Software, Services], Application [Dental Applications (Crowns, Bridges and Dentures, Orthodontic Devices, Surgical Guides & Implants, Other Dental Applications), Orthopedic Application [Orthopedic Implants (Acetabular Cup Implants, Cranio-maxillofacial (CMF) Implants, Bone and Cartilage Scaffolds, Ligament and Tendon Scaffolds, and Other Orthopedic Implants), Surgical Guides, Medical Prosthetics [Hearing Aids, Prosthetic Fairings, Prosthetic Limbs], Surgical Instruments [Surgical Cutting Guides, Drill Guides, Bespoke Tools, Bio-Medical Scaffold Systems], Clinical Study Devices [Drug Discovery and Development, Anatomical Models], Tissue Engineering, and Other Applications], Technology [Laser Beam Melting (Selective Laser Melting (SLM)/ Metal 3D printing, Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS)), Droplet Deposition {Fused Deposition Modeling (FDM), Low-temperature Deposition Manufacturing, Fused Filament Fabrication (FFF), Multiphase Jet Solidification (MJS)), Photopolymerization (Stereolithography (SLA), Digital Light Processing (DLP), Continuous Liquid Interface Production (CLIP), Two-photo Polymerization), Electronic Beam Melting (EBM), and other technology)], End User [Hospitals and Surgical Centers, Medical Device Companies, Dental Laboratories, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes] and Geography. The study also evaluates industry competitors and analyzes the market at the regional and country levels.

Based on product, in 2023, the medical 3D printer segment is expected to account for the largest share of the medical 3D printing market. The large market share of this segment is attributed to the increasing adoption of 3D printing for medical applications, along with its advantages, such as increased success rates in surgeries and reduced patient recovery time.

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Based on application, in 2023, the dental applications segment is expected to account for the largest share of the market. 3D printing technology has made a significant impact in the field of dentistry by enabling dentists to implement digital workflows that enhance practice efficiency and patient treatment outcomes. Specifically, 3D printing is used to produce aligners, retainers, anatomical dental replicas and models, crowns, bridges, and implants in a rapid, cost-effective, and highly accurate manner, resulting in customized solutions for patients. These benefits drive the increased adoption of 3D printing technology in dental applications, contributing to the large market share of this segment.

Based on technology, in 2023, the laser beam melting segment is expected to account for the largest share of the medical 3D printing market. This technology uses a highly focused energy beam from a laser to provide an effective heat source, allowing for a high level of speed and accuracy for a wide range of materials used in medical 3D printing. These benefits contribute to the large market share of this segment.

Based on end user, in 2023, the hospitals and surgical centers segment is expected to account for the largest share of the medical 3D printing market. 3D printing technology in surgery enables medical professionals to achieve better surgical outcomes with increased accuracy and precision while reducing surgical time. The expansion of currently operational 3D printing labs and the growing accessibility to 3D printing services drive the demand for medical 3D printing.

Geographic Review

This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. In 2023, North America is expected to account for the largest share of the medical 3D printing market, followed by Europe and Asia-Pacific. Furthermore, in 2023, the U.S. is expected to be the largest market shareholder in North America. The market growth in the U.S. is attributed to the highly developed healthcare infrastructure, the presence of key medical 3D printing companies such as Stratasys Ltd. (Israel and U.S.) and 3D Systems Corporation (U.S.), and the high adoption of 3D printing in healthcare facilities.

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Key questions answered in the report:

Which are the high-growth market segments in terms of product, technology, application, and region/country?

What was the historical market size for medical 3D printing across the globe?

What are the market forecasts and estimates for the period 2023-2030?

What are the major drivers, restraints, and opportunities in the global medical 3D printing market?

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This release was published on openPR.