3D Printing Medical Devices Market by Component (3D Printer, 3D Bioprinter, Material, Software, Service), Technology (EBM, DMLS, SLS, SLA, DLP, Polyjet), Application (Surgical Guides, Prosthetics, Implants), User (Hospital, ASCs) - Global Forecast to 2026", published by MarketsandMarkets™, the global market is projected to reach USD 5.1 billion by 2026 from USD 2.4 billion in 2021, at a CAGR of 16.3% during the forecast period. The growth of this market is mainly driven by the growing number of 3D printer vendors across major markets, increasing adoption of patient-specific medical devices.
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The software and services of component segment to hold major market share by 2026
Based on the component, the 3D Printing Medical Devices market is segmented into equipment, materials, and software & services. The equipment segment is further divided into 3D printers and 3D bioprinters. Among the components, the software & services segment held a major share of the market.
This segment includes services such as tooling and parts production, rapid prototyping, software services, contract manufacturing of 3D-printed products, preclinical testing, system maintenance, creation of a 3D digital model using 3D software programs such as CAD or scanning software, and expert services for training programs. The increase in the number of training activities focusing on the developing expertise of healthcare professionals on 3D printing technology is a key factor encouraging the growth of this segment during the forecast period.
Based on application, the custom prosthetics and implants segment is expected to account for the largest share of the 3D printing Medical Devices market
Based on application, the market has been segmented into surgical guides, surgical instruments, standard prosthetics and implants, custom prosthetics and implants, tissue-engineered products, hearing aids, wearable medical devices/implantable medical devices, and other medical devices.
The external power supply segment is expected to register the highest growth rate during the forecast period
Based on technology, the 3D Printing Medical Devices market has been segmented into electron beam melting (EBM), laser beam melting (LBM), photopolymerization, droplet deposition or extrusion-based technologies, three-dimensional printing (3DP) or adhesion bonding, and other technologies.
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North America is expected to dominate the global 3D Printing Medical Devices market
North America, comprising the US and Canada, accounted for the largest share of the. Increasing number of vendors manufacturing 3D Printing Medical Devices and a growing number of approvals for 3D Printing Medical Devices are the major factors driving market growth in North America.
Key Market Players
Stratasys Ltd. (US & Israel), 3D Systems Corporation (US), GE Additive (US), Materialise NV (Belgium), Renishaw plc (UK), SLM Solutions Group AG (Germany), Desktop Metal, Inc. (US), Prodways Group (France), Carbon, Inc. (US), CELLINK (Sweden), Organovo Holdings, Inc. (US), EOS (Electro Optical Systems) GmbH (Germany), Biomedical Modeling, Inc. (US), Formlabs, Inc.
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