Press release
Medical Device 3D Printing Market Size, Trends, and Key Players 2024-2031
Medical Device 3D Printing Industry SizeThe Global Medical Device 3D Printing Market reached US$ 2.6 billion in 2022 and is projected to witness lucrative growth by reaching up to US$ 7.9 billion by 2031. The global medical device 3D printing market is expected to exhibit a CAGR of 15.7% during the forecast period (2024-2031).
Additive manufacturing, commonly known as 3D printing, revolutionizes the medical industry by crafting personalized three-dimensional objects. This innovative process involves depositing materials layer by layer, including plastics, metals, or even biological components. Through 3D printing, medical practitioners can tailor-make devices and implants to precisely fit each patient's unique anatomy. This customization enhances device effectiveness and patient comfort, ultimately leading to improved medical outcomes.
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Medical Device 3D Printing Industry Trends
The global medical device 3D printing market is experiencing robust growth driven by increasing demand in the dental industry. The adoption of 3D printing in dentistry is expanding rapidly, with applications ranging from the preparation of tools and prosthetics to dental implants. Furthermore, the technology is poised to advance into bioprinting, allowing for the creation of tissue-like structures in the near future.
Key players in the industry are focusing on the development of 3D printing specifically tailored for dental applications, recognizing its significant impact on the dental sector. Additive manufacturing technology is being fully utilized in dentistry, revolutionizing traditional practices.
One significant application of 3D printing in dentistry is the creation of dental implants, which involves a multi-step process. One crucial step is the fabrication of a surgical guide customized to fit the patient's existing teeth and gums. Using data from cone beam X-rays to assess the structure and density of the jawbone, experts can accurately design the placement of the patient's future dental implant. This precision enhances the success rate and efficiency of dental implant procedures, demonstrating the transformative potential of 3D printing technology in dentistry.
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Industry Segmentation
By Product
Equipment
Materials
Services and Software
By Technology
Laser Beam Melting
Photopolymerization
Droplet Deposition/Extrusion-based Technologies
Electron Beam Melting
Three-dimensional Printing/Adhesion Bonding/Binder Jetting
Other Technologies
By Application
Surgical Guides
Surgical Instruments
Standard Prosthetics and Implants
Custom Prosthetics and Implants
Tissue-Engineered Products
Hearing Aids
Wearable Medical Devices
Other Applications
By End-user
Hospitals and Surgical Centers
Dental and Orthopedic Clinics
Academic Institutions and Research Laboratories
Pharma-Biotech and Medical Device Companies
Clinical Research Organizations
Industry Key Players
Major players are Stratasys Ltd., EnvisionTEC, Koninklijke Philips N.V., 3D Systems, Inc., EOS, Renishaw plc, Materialise, 3T Additive Manufacturing Ltd., General Electric Company, Carbon Inc and Prodways Group.
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