3D Printing Medical Devices Market is Forecasted to Expand at an Exceptional 17.1% CAGR through 2031

The 3D Printing Medical Devices Market is set to expand significantly, growing from USD 3.28 billion in 2023 to USD 11.59 billion by 2031, with a remarkable CAGR of 17.1%. Key segments include equipment, materials, services, and cutting-edge technologies like laser beam melting and photopolymerization, highlighting the industry's innovative trajectory.
Global 3D Printing Medical Devices Market Size [https://www.skyquestt.com/report/3d-printing-medical-devices-market] was valued at USD 3.28 Billion in 2023 to USD 11.59 Billion by 2031, at a CAGR of 17.1% during the forecast period (2024-2031). Growing investments in healthcare infrastructure development are driving up the demand for medical devices around the world thereby favoring 3D printing medical devices demand as well. Advancements in additive manufacturing and 3D printing technologies are also expected to play a vital role in the 3D printing medical devices market growth going forward. Rising awareness regarding the benefits of 3D printing medical devices will also create new opportunities for market development in the future.

3D printing medical device companies should focus on increasing awareness regarding the benefits of 3D printing over traditional manufacturing. Launching new 3D printers specifically for medical device manufacturing will also help 3D printing medical device companies stand out from the competition. Developed countries with high healthcare spending are slated to bring in the most revenue for 3D printing medical device providers going forward.

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Innovation Remains the Top Priority for All 3D Printing Medical Devices Providers

3D printing medical device companies can focus on the development of novel 3D printers or 3D printing materials to maximize their business scope in the future. Collaborating and partnering with leading 3D printing technology providers will also help 3D printing medical devices market players enhance their business scope in the long run. Integrating advanced technologies and improving the affordability of medical devices will also create new opportunities for 3D printing medical device companies in the future.

In June 2024, a new medical 3D printer was launched at the RAPID + TCT 2024 event. Stratasys, a leading name in the 3D printing and additive manufacturing business, was behind the launch of the J5 Digital Anatomy 3D printer intended to create accurate yet affordable anatomical models for medical applications.

In June 2024, the Ricoh 3D for Healthcare Innovation Studio was launched in North Carolina, United States. The novel manufacturing facility is a result of the collaborative efforts of Atrium Health Wake Forest Baptist and Ricoh USA Inc. to help provide researchers with accurate 3D printed anatomic models.

Back in March 2023, Invibio Biomaterial Solutions, a renowned provider of biomaterials announced the launch of a new implantable PEEK filament for 3D printing. The launch of PEEK-OPTIMA Trademark AM Filament helped Invibio expand its presence in the global 3D printing medical devices market as demand for 3D printed implants keeps on rising.

In June 2023, EOS, a renowned name in the 3D printing market teamed up with Tecomet, Inc., Precision ADM, and Orthopaedic Innovation Centre (OIC) to launch a new complete solution for 3D printing medical devices helping boost commercialization of novel medical devices.

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3D Printing Medical Devices Market Segmental Analysis:

Product

Equipment

Materials

Services

Software

Technology

Laser Beam Melting

Photopolymerization

Droplet Deposition/Extrusion-based Technologies

Electron Beam Melting

Three-dimensional Printing/Adhesion Bonding/Binder Jetting

Other Technologies

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3D Printing Medical Devices Industry Top Player's Company Profiles

Stratasys Ltd. (US)

3D Systems Corporation (US)

EnvisionTEC (US)

Materialize NV (Belgium)

GE Additive (US)

EOS GmbH (Germany)

SLM Solutions Group AG (Germany)

Formlabs (US)

Renishaw plc (UK)

Organovo Holdings Inc. (US)

Carbon, Inc. (US)

Concept Laser GmbH (Germany)

HP Inc. (US)

Desktop Metal Inc. (US)

Arcam AB (Sweden)

Prodways Group (France)

Voxeljet AG (Germany)

Markforged Inc. (US)

Medtronic plc (Ireland)

Stratasys Direct Manufacturing (US)

Launch of new 3D printers and 3D printing materials presents lucrative opportunities for 3D printing medical devices companies. Integration of advanced technologies and emphasis on reducing time-to-market for novel medical devices will also offer attractive business scope for all market players in the long run.

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