Press release
3D Printing in Medical Devices Market worth $30.19 billion by 2030, growing at a CAGR of 22.99% - Exclusive Report by 360iResearch
The "3D Printing in Medical Devices Market by Product Type (Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds, Prosthetics & Implants), Technology (Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Laser Beam Melting), Component, End User - Global Forecast 2024-2030" report has been added to 360iResearch.com's offering.The Global 3D Printing in Medical Devices Market to grow from USD 7.09 billion in 2023 to USD 30.19 billion by 2030, at a CAGR of 22.99%.
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Various 3D printing technologies have emerged in the medical device industry, offering innovative solutions for orthopedic implants, surgical instruments, and patient-specific models. The significant advantage of 3D printing is its ability to manufacture highly-customized devices tailored to individual patient's anatomy and requirements. 3D-printed cranial implants can be designed based on precise measurements from scans or MRI images, ensuring an accurate fit while minimizing complications during surgery. Patient-specific guides help surgeons accurately plan and execute complex procedures, such as joint replacement surgeries, with greater precision. In recent years, 3D printing has emerged as a driving force for innovation in medical devices owing to its inherent benefits in customization and rapid prototyping. There is an increasing trend toward using this technology for personalized medicine and patient-specific prosthetics, orthopedic implants, dental appliances, and surgical instruments. These applications have been facilitated by advancements in biocompatible materials such as metals, polymers, ceramics, and even biological substances, such as hydrogels, for tissue engineering. Despite its numerous benefits, the widespread adoption of 3D printing in medical devices faces challenges owing to higher costs associated with the 3D printed medical devices, and a lack of expertise to operate these devices act as a restraining factor. Moreover, ongoing R&D efforts by market companies to advance 3D printing materials for medical purposes are expected to revolutionize 3D printing in the medical device industry.
The Americas represents a highly developing landscape for 3D printing in the medical devices market due to the presence of strong healthcare infrastructure, rising R&D investments, and strict FDA regulations that encourage innovation in 3D printing. The favorable government initiatives and investments for introducing 3D printing in medical devices across Australia, India, and South Korea is benefiting the market growth in the Asia-Pacific. The massive presence of advanced technologies that assist in 3D printing with ongoing research and development (R&D) activities encourages the availability of novel 3D printing medical devices in the EMEA region. In Europe, EU countries have unified their regulations under the Medical Device Regulation (MDR), which mandates strict control over 3D-printed medical device manufacturing.
Market Segmentation & Coverage:
This research report categorizes the 3D Printing in Medical Devices Market in order to forecast the revenues and analyze trends in each of following sub-markets:
Based on Product Type, market is studied across Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds, Prosthetics & Implants, Surgical Guides, Surgical Instruments, and Tissue Engineering Products. The Prosthetics & Implants is further studied across Custom Implants and Standard Implants. The Surgical Guides is further studied across Craniomaxillofacial Guides, Dental Guides, and Orthopedic Guides. The Surgical Instruments is further studied across Retractors, Scalpels, and Surgical Fasteners. The Prosthetics & Implants commanded largest market share of 29.12% in 2023, followed by Surgical Guides.
Based on Technology, market is studied across Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Laser Beam Melting, and Photopolymerization. The Droplet Deposition/Extrusion-Based Technologies is further studied across Fused Deposition Modeling, Low-Temperature Deposition Manufacturing, and Multiphase Jet Solidification. The Laser Beam Melting is further studied across Direct Metal Laser Sintering, Selective Laser Melting, and Selective Laser Sintering. The Photopolymerization is further studied across Digital Light Processing, Polyjet 3D Printing Technology, Stereolithography, and Two-Photon Polymerization. The Photopolymerization commanded largest market share of 33.17% in 2023, followed by Droplet Deposition/Extrusion-Based Technologies.
Based on Component, market is studied across Equipment, Materials, and Services & Software. The Materials is further studied across Ceramics, Paper, and Resin. The Equipment commanded largest market share of 41.55% in 2023, followed by Materials.
Based on End User, market is studied across Academic Institutions & Research Laboratories, Ambulatory Surgical Centers, Diagnostic Centers, and Hospitals. The Hospitals commanded largest market share of 56.37% in 2023, followed by Diagnostic Centers.
Based on Region, market is studied across Americas, Asia-Pacific, and Europe, Middle East & Africa. The Americas is further studied across Argentina, Brazil, Canada, Mexico, and United States. The United States is further studied across California, Florida, Illinois, New York, Ohio, Pennsylvania, and Texas. The Asia-Pacific is further studied across Australia, China, India, Indonesia, Japan, Malaysia, Philippines, Singapore, South Korea, Taiwan, Thailand, and Vietnam. The Europe, Middle East & Africa is further studied across Denmark, Egypt, Finland, France, Germany, Israel, Italy, Netherlands, Nigeria, Norway, Poland, Qatar, Russia, Saudi Arabia, South Africa, Spain, Sweden, Switzerland, Turkey, United Arab Emirates, and United Kingdom. The Europe, Middle East & Africa commanded largest market share of 38.07% in 2023, followed by Americas.
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FPNV Positioning Matrix:
The FPNV Positioning Matrix is essential for assessing the 3D Printing in Medical Devices Market. It provides a comprehensive evaluation of vendors by examining key metrics within Business Strategy and Product Satisfaction, allowing users to make informed decisions based on their specific needs. This advanced analysis then organizes these vendors into four distinct quadrants, which represent varying levels of success: Forefront (F), Pathfinder (P), Niche (N), or Vital(V).
Market Share Analysis:
The Market Share Analysis offers an insightful look at the current state of vendors in the 3D Printing in Medical Devices Market. By comparing vendor contributions to overall revenue, customer base, and other key metrics, we can give companies a greater understanding of their performance and what they are up against when competing for market share. The analysis also sheds light on just how competitive any given sector is about accumulation, fragmentation dominance, and amalgamation traits over the base year period studied.
Key Company Profiles:
The report delves into recent significant developments in the 3D Printing in Medical Devices Market, highlighting leading vendors and their innovative profiles. These include 3D Systems Corporation, Abbott Laboratories, Anatomics Pty Ltd., Anisoprint SARL, Ansys, Inc., Apium Additive Technologies GmbH, Arkema SA, BICO Group, Biomedical Modeling Inc., Carbon, Inc., EOS GmbH, Evonik Industries AG, Formlabs Inc., GE HealthCare Technologies Inc., Henkel AG & Co. KGaA, Johnson & Johnson Services, Inc., Materialise NV, Organovo Holdings Inc., Prodways Group, Proto Labs, Inc., RapidMade Inc., Renishaw PLC, Restor3d, Inc., Siemens AG, SLM Solutions Group AG, Smith & Nephew PLC, Solvay S.A., Stratasys Ltd., Stryker Corporation, Thermo Fisher Scientific Inc., Zimmer Biomet Holdings, Inc., and Zortrax S.A..
Key Topics Covered:
1. Preface
2. Research Methodology
3. Executive Summary
4. Market Overview
5. Market Insights
6. 3D Printing in Medical Devices Market, by Product Type
7. 3D Printing in Medical Devices Market, by Technology
8. 3D Printing in Medical Devices Market, by Component
9. 3D Printing in Medical Devices Market, by End User
10. Americas 3D Printing in Medical Devices Market
11. Asia-Pacific 3D Printing in Medical Devices Market
12. Europe, Middle East & Africa 3D Printing in Medical Devices Market
13. Competitive Landscape
14. Competitive Portfolio
The report provides insights on the following pointers:
1. Market Penetration: Provides comprehensive information on the market offered by the key players
2. Market Development: Provides in-depth information about lucrative emerging markets and analyzes penetration across mature segments of the markets
3. Market Diversification: Provides detailed information about new product launches, untapped geographies, recent developments, and investments
4. Competitive Assessment & Intelligence: Provides an exhaustive assessment of market shares, strategies, products, certification, regulatory approvals, patent landscape, and manufacturing capabilities of the leading players
5. Product Development & Innovation: Provides intelligent insights on future technologies, R&D activities, and breakthrough product developments
The report answers questions such as:
1. What is the market size and forecast of the 3D Printing in Medical Devices Market?
2. Which are the products/segments/applications/areas to invest in over the forecast period in the 3D Printing in Medical Devices Market?
3. What is the competitive strategic window for opportunities in the 3D Printing in Medical Devices Market?
4. What are the technology trends and regulatory frameworks in the 3D Printing in Medical Devices Market?
5. What is the market share of the leading vendors in the 3D Printing in Medical Devices Market?
6. What modes and strategic moves are considered suitable for entering the 3D Printing in Medical Devices Market?
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