Press release
3D Printed Medical Devices Market: Growth Drivers, Trends, and Projections
3D Printed Medical Devices Market
The upsurge in demand for 3D Printed Medical Devices indicates promising market trends and growth, driven by technological advancements and demand for personalization.
What Is The Projected Market Size Of The Global 3D Printed Medical Devices Market And Its Growth Rate?
•2024 Market Size: $3.25 billion
•2025 Market Size: $4:02 billion (CAGR: 23.7%)
•2029 Projected Market Size: $7.79 billion (CAGR: 18.0%)
The market growth is attributed to increased affordability, widespread adoption of 3D printing in healthcare, remote healthcare and telemedicine integration, and a focus on sustainable and eco-friendly practices.
What Is Driving The Growth In The 3D Printed Medical Devices Market?
The prevalence of osteoarthritis and similar musculoskeletal conditions is the driving factor in the 3D printed medical devices market growth. The disorder damage's joint cartilage and surrounding tissues, resulting in loss of joint function. 3D printed devices allow surgeons to create replicas of a patient's joint, which could provide crucial unobservable information in a 2-dimensional scan. Given the rising numbers, by 2040, almost 78 million US adults over 18 are estimated to have doctor-diagnosed arthritis, driving the adoption of 3D printed medical devices.
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Who Are the Key Players Driving 3D Printed Medical Devices Market Growth?
Key players in the 3D printed medical devices market include:
•Siemens AG
•General Electric Company
•Arcam AB
•Hewlett Packard Development Company LP
•Adobe Inc.
•Dassault Systèmes SE
•Phidias Technologies
•Ansys Inc.
What Are The Key Trends In The 3D Printed Medical Devices Market?
Key trends influencing the market growth are:
•Regulatory adaptation to technological advancements
•Integration of artificial intelligence in the production process
•Digital advancements in 3D printing technology
•Integration of point-of-care printing and telemedicine
What Are The Segments Of The Global 3D Printed Medical Devices Market?
The 3D printed medical devices market segments are based on:
1)Type: Implants, Surgical instruments, Prosthetics, Tissue engineering devices, Others
2)Raw Material: Plastics, Biomaterial inks, Metals and Alloys
3)Technology: Fused Deposition Modelling, Digital Light Processing, Stereolithography, Selective Laser melting
4)Application: Orthopedic, Spinal, Dental, Hearing Aids, Others
5)End User: Hospitals, Diagnostics Centers, Academic Institutions, Others
Which Region Leads The 3D Printed Medical Devices Market?
In 2024, North America dominated the 3D printed medical devices market. Western Europe was the second largest region, while other regions such as Asia-Pacific, Eastern Europe, South America, Middle East, and Africa also contributed to the market growth.
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What Is Covered In The 3D Printed Medical Devices Market Global Market Report?
- Market Size Analysis: Analyze the 3D Printed Medical Devices Market size by key regions, countries, product types, and applications.
- Market Segmentation Analysis: Identify various subsegments within the 3D Printed Medical Devices Market for effective categorisation.
- Key Player Focus: Focus on key players to define their market value, share, and competitive landscape.
- Growth Trends Analysis: Examine individual growth trends and prospects in the Market.
- Market Contribution: Evaluate contributions of different segments to the overall 3D Printed Medical Devices Market growth.
- Growth Drivers: Detail key factors influencing market growth, including opportunities and drivers.
- Industry Challenges: Analyze challenges and risks affecting the 3D Printed Medical Devices Market.
- Competitive Developments: Analyze competitive developments, such as expansions, agreements, and new product launches in the market.
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