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HEALTHCARE & PHARMACEUTICAL

3D Printing Medical Device Market Segmentation By Technology (Photopolymerization, Laser Beam Melting, Droplet Deposition and Others); By Component (Equipment. Software & Services and Materials) and By Type (Prosthetics & Implants, Surgical Instruments, Tissue Engineering Technology and Surgical Guidelines) - Global Industry Demand Analysis and Opportunity Assessment 2017-2026

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Extensive insights into the Growth of 3D Printing Medical Device Market amidst COVID-19

Before we witness the stabilization of economic growth in Europe and North America, Asia Pacific is estimated to bounce back progressively with countries such as China, India, South Korea and Japan witnessing more opportunities to recover from the losses sustained during COVID-19.

Being the biggest market in Eastern Europe, Russia is estimated to take the lowest hit, offering a sigh of relief to the businesses operating in the country. Whereas, GCC is estimated to observe low investments due to the sliding prices of crude oil.

We evaluate the strategies and commitment of the Giant Players in the market towards creating products and services that customers value and rely on.

In an attempt to control and eliminate the surge of coronavirus cases and meet the demand for required medical devices along with providing efficient medical services, there is a drastic shift of investments from authoritative bodies towards the healthcare sector. Where the aftermath of this pandemic may take years to be measured, Research Nester estimates notable expansion of e-health, gaming, and media and entertainment industries till the whole situation is contained and the plan of action for the recovery process is determined. There is an estimated probability of the growth in businesses going back a year if the condition is controlled in the next 2-3 months.                                                         Request Insights

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IN THE NEWS
  • March 2019: Prodways Group announced that is has launched a 3D automated printing modular system at the IDS dental trade fair which is designed specifically for use in the dental industry.
  • December 2019: Formlabs in association with GE Healthcare announced that both the companies have collaborated to offer customer end-to-end solution that will enable clinicians to easily make 3D printed patient specific models.

Market Overview

The growth of the global 3D printing medical device market is thriving on the back of growing advancement in healthcare infrastructure, increasing expenditure of the government for the development of healthcare industry along with the rising demand for organ transplant amongst individuals around the globe. Additionally, advancement in the 3D printing technology and implementation of 3D printing technology in the healthcare sector are some of the factors anticipated to contribute towards the growth of the global 3D printing medical device market.

The global 3D printing medical device market reached a value of around USD 1000 million in the year 2019 and is expected to garner a value of around USD 3200 million by the end of 2026 by registering a CAGR of around 17% across the globe over the forecast period 2019-2026. Further, the worldwide market of 3D printing medical device is anticipated to achieve an absolute $ opportunity of around USD 2200 million during the forecast period.

Growth Highlights based on Region during 2017-2026

The global 3D printing medical device market is segmented by regions into North America, Latin America, Europe, Asia-Pacific and Middle East and Africa. Among these regions, the market of North America 3D printing medical device is primarily driven by nations such as U.S. and Canada, where U.S. held the dominant market share of around 64% in the year 2017. The growing initiatives observed in the educational institutes along with education grants and R&D funding in leading research institutes in the nation, which are increasingly procuring 3D technology devices along with growing interest of the government of the nation to invest on such devices for advancements and in-depth research and development are driving the growth of the market in the nation. Additionally, the North America 3D printing medical device market, which held a market share of around 35% in the year 2017, is expected to expand by observing the growth rate of around 3.40x over the forecast period, which in turn is estimated to have a positive effect on the demand for 3D printing medical devices in the long run. CLICK TO DOWNLOAD SAMPLE REPORT

Further, Germany, France and UK are the prominent countries that are driving the growth of the Europe 3D printing medical device market, where Germany accounted for the largest market share of around 27% in the year 2017.

3D-Printing-Medical-Device-Market

The study further incorporates Y-O-Y Growth, demand & supply and forecast future opportunity in North America (United States, Canada), Latin America (Brazil, Mexico, Argentina, Rest of LATAM), Europe (U.K., Germany, France, Italy, Spain, Hungary, BENELUX [Belgium, Netherlands, Luxembourg], NORDIC [Norway, Denmark, Sweden, Finland], Poland, Russia, Rest of Europe), Asia-Pacific (China, India, Japan, South Korea, Malaysia, Indonesia, Taiwan, Hong Kong, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa).

Market Segmentation Synopsis

By Technology

The global 3D printing medical device market has been segmented on the basis of technology into photopolymerization, laser beam melting, droplet deposition and others. Photopolymerization segment with around 35% share in the year 2017, occupies the largest market share of 3D printing medical device across the globe. Additionally, photopolymerization segment is anticipated to cross a value of around USD 1200 million by the end of 2026 by registering a CAGR of around 18% over the forecast period. Further, the droplet deposition segment is anticipated to grow with a CAGR of around 17% over the forecast period.

Global-3D-Printing-Medical-Device

Market Drivers and Challenges

Growth Indicators

The healthcare sector has always generated a major share of the total turnover of 3D printing technology owing to the increasing applications in the healthcare industry. 3D printing technology is massively used in dental, orthopedic and acoustic fields in the healthcare industry for innovative areas such as 3D printing of tissues, organs and bones amongst others, where the application of these devices has seen significant growth. 3D printing technology helps to print surgical instruments such as hemostats, forceps, scalpel handles and others. These technology and devices are also used by manufacturers to develop product prototypes, which helps specialists in the industry to perform their day-to-day task as well as develop advanced tools in the healthcare industry. Apparently, increasing geriatric population around the world, which demands a greater share of organ implants, is also anticipated to drive the growth of the global 3D printing medical device market.

Barriers

Stringent regulation of the governments of nations around the world for the utilization of 3D printing technology as access to these devices can severely possess a threat to the healthcare industry are some of the factors anticipated to impact negatively towards the growth of the global 3D printing medical device market.

Competitive Landscape

Some of the affluent industry leaders in the global 3D printing medical device market are Prodways Group, Formlabs, Stratasys Ltd., 3D Systems, Inc., Materialise NV, Organovo Holdings, Inc., Renishaw plc, Envisiontec, Inc., EOS GmbH and General Electric.

FREQUENTLY ASKED QUESTIONS

Global 3D Printing Medical Device Market

1 INTRODUCTION

1.1 MARKET DEFINITION

1.2 MARKET SEGMENTATION

1.3 RESEARCH TIMELINES

1.4 ASSUMPTIONS

1.5 LIMITATIONS

2 RESEARCH METHODOLOGY

2.1 DATA MINING

2.2 SECONDARY RESEARCH

2.3 PRIMARY RESEARCH

2.4 SUBJECT MATTER EXPERT ADVICE

2.5 QUALITY CHECK

2.6 FINAL REVIEW

2.7 DATA TRIANGULATION

2.8 BOTTOM-UP APPROACH

2.9 TOP DOWN APPROACH

2.10 RESEARCH FLOW

2.11 DATA SOURCES

3 EXECUTIVE SUMMARY

3.1 MARKET OVERVIEW

3.2 GLOBAL 3D PRINTING MEDICAL DEVICES MARKET GEOGRAPHICAL ANALYSIS (CAGR %)

3.3 GLOBAL 3D PRINTING MEDICAL DEVICES MARKET, BY TECHNOLOGY (USD MILLION)

3.4 GLOBAL 3D PRINTING MEDICAL DEVICES MARKET, BY COMPONENT (USD MILLION)

3.5 GLOBAL 3D PRINTING MEDICAL DEVICES MARKET, BY TYPE (USD MILLION)

3.6 FUTURE MARKET OPPORTUNITIES

3.7 GLOBAL MARKET SPLIT

4 MARKET OUTLOOK

4.1 GLOBAL 3D PRINTING MEDICAL DEVICES MARKET OUTLOOK

4.2 MARKET DRIVERS

4.2.1 INCREASING APPLICATIONS OF 3D PRINTING IN HEALTHCARE SECTOR

4.2.2 GROWTH IN THE AGEING POPULATION WORLDWIDE

4.3 MARKET RESTRAINTS

4.3.1 STRINGENT REGULATORY CONCERNS

4.3.2 HIGH CAPITAL INVESTMENT AND RUNNING COST

5 MARKET, BY TECHNOLOGY

5.1 OVERVIEW

5.2 LASER BEAM MELTING

5.2.1 DIRECT METAL LASER SINTERING

5.2.2 SELECTIVE LASER SINTERING

5.2.3 LASERCUSING

5.2.4 SELECTIVE LASER MELTING

5.3 PHOTOPOLYMERIZATION

5.3.1 DIGITAL LIGHT PROCESSING

5.3.2 CONTINUOUS LIQUID INTERFACE PRODUCTION

5.3.3 STEREOLITHOGRAPHY

5.3.4 TWO-PHOTON POLYMERIZATION (2PP)

5.3.5 POLYJET 3D PRINTING TECHNOLOGY

5.4 ELECTRON BEAM MELTING

5.5 DROPLET DEPOSITION OR EXTRUSION-BASED TECHNOLOGIES

5.5.1 FUSED DEPOSITION MODELING (FDM)

5.5.2 MULTIPHASE JET SOLIDIFICATION

5.5.3 LOW-TEMPERATURE DEPOSITION MANUFACTURING

5.6 THREE-DIMENSIONAL PRINTING (3DP) OR ADHESION BONDING OR BINDER JETTING

6 MARKET, BY COMPONENT

6.1 OVERVIEW

6.2 EQUIPMENT

6.2.1 3D PRINTER

6.2.2 3D BIOPRINTER.

6.3 MATERIALS

6.3.1 PLASTIC

6.3.1.1 THERMOPLASTIC

6.3.1.2 PHOTOPOLYMER

6.3.2 METAL AND METAL ALLOY POWDER

6.3.3 BIO PRINTING BIOMATERIALS.

6.3.4 OTHERS

6.3.4.1 CERAMICS

6.3.4.2 PAPER

6.3.4.3 WAX

6.4 SERVICES AND SOFTWARE

7 MARKET, BY TYPE

7.1 OVERVIEW

7.2 SURGICAL GUIDELINES

7.2.1 DENTAL GUIDES

7.2.2 CRANIOMAXILLOFACIAL GUIDES

7.2.3 ORTHOPEDIC GUIDES

7.3 SURGICAL INSTRUMENTS.

7.3.1 SURGICAL FASTENERS

7.3.2 SCALPELS

7.3.3 RETRACTORS

7.4 PROSTHETICS AND IMPLANTS

7.4.1 STANDARD IMPLANTS

7.4.2 CUSTOM IMPLANTS

7.4.2.1 CUSTOM ORTHOPEDIC IMPLANTS

7.4.2.2 CUSTOM DENTAL IMPLANTS.

7.4.2.3 CUSTOM CRANIOMAXILLOFACIAL IMPLANTS

7.5 TISSUE ENGINEERING PRODUCTS

7.5.1 BONE AND CARTILAGE SCAFFOLDS

7.5.2 LIGAMENT AND TENDON SCAFFOLDS

8 MARKET, BY GEOGRAPHY

8.1 VERVIEW

8.2 NORTH AMERICA

8.2. 1U.S.

8.2.2 CANADA

8.2.3 MEXICO

8.3 EUROPE

8.3.1 GERMANY

8.3.2 FRANCE

8.3.3 UK

8.3.4 REST OF THE EUROPE

8.4 ASIA PACIFIC

8.4.1 CHINA

8.4.2 INDIA

8.4.3 JAPAN

8.4.4 REST OF ASIA PACIFIC

8.5 ROW

8.5.1 MIDDLE EAST & AFRICA

8.5.2 LATIN AMERICA.

8.5.2.1 Brazil

8.5.2.2 Argentina

8.5.2.3 Rest of Latin America

9 COMPETITIVE LANDSCAPE

9.1 OVERVIEW

9.2 COMPETITIVE SCENARIO

9.3 COMPANY RANKING ANALYSIS

10 COMPANY PROFILES

10.1 STRATASYS LTD.

10.1.1 COMPANY OVERVIEW

10.1.2 COMPANY INSIGHTS.

10.1.3 SEGMENT BREAKDOWN

10.1.4 PRODUCT BENCHMARKING

10.1.5 KEY DEVELOPMENT

10.1.6 SWOT ANALYSIS

10.2 3D SYSTEMS, INC.

10.2.1 COMPANY OVERVIEW

10.2.2 COMPANY INSIGHTS.

10.2.3 SEGMENT BREAKDOWN

10.2.4 PRODUCT BENCHMARKING

10.2.5 KEY DEVELOPMENT

10.2.6 SWOT ANALYSIS

10.3 MATERIALISE NV

10.3.1 COMPANY OVERVIEW

10.3.2 COMPANY INSIGHTS.

10.3.3 SEGMENT BREAKDOWN

10.3.4 PRODUCT BENCHMARKING

10.3.5 KEY DEVELOPMENT

10.3.6 SWOT ANALYSIS

10.4 ORGANOVO HOLDINGS, INC

10.4.1 COMPANY OVERVIEW

10.4.2 COMPANY INSIGHTS

10.4.3 PRODUCT BENCHMARKING

10.4.4 KEY DEVELOPMENTS

10.5 RENISHAW PLC

10.5.1 COMPANY OVERVIEW

10.5.2 COMPANY INSIGHTS

10.5.3 SEGMENT BREAKDOWN

10.5.4 PRODUCT BENCHMARKING

10.5.5 KEY DEVELOPMENTS

10.6 FORMLABS

10.6.1 COMPANY OVERVIEW

10.6.2 COMPANY INSIGHTS

10.6.3 PRODUCT BENCHMARKING

10.6.4 KEY DEVELOPMENTS

10.7 ENVISIONTEC, INC

10.7.1 COMPANY OVERVIEW

10.7.2 COMPANY INSIGHTS

10.7.3 PRODUCT BENCHMARKING

10.8 PRODWAYS GROUP

10.8.1 COMPANY OVERVIEW

10.8.2 COMPANY INSIGHTS

10.8.3 SEGMENT BREAKDOWN

10.8.4 PRODUCT BENCHMARKING

10.8.5 KEY DEVELOPMENT

10.9 EOS GMBH

10.9.1 COMPANY OVERVIEW

10.9.2 COMPANY INSIGHTS

10.9.3 PRODUCT BENCHMARKING

10.10 ARCAM EBM.

10.10.1 COMPANY OVERVIEW

10.10.2 PRODUCT BENCHMARKING


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