3D printing is a type of additive manufacturing. Therapeutic gadgets built by using 3D printing technology gauges the ideal match of patient's anatomy. 3D printing medical devices have complex inner structures and its flexible nature enables the medical device designers to roll out improvements, eliminate the necessity of tools and setting up of additional equipment. A few examples of 3D-printing medical devices are cranial and orthopedic implants, dental implants, craniomaxillofacial implants, external prosthetics, and surgical instruments. The global 3D Printing Medical Device Market was valued at US$ 779.7 Mn in 2020 and is expected to reach US$ 1,994.9 Mn by 2030.
3D printing medical devices are enabling surgeons in performing surgeries which can bring down the surgical risks faced due to complex techniques, lessen the span of anesthesia exposure and the risk of contamination. This quickens the patient’s recovery and decreases the time they spend in the hospital. These variables may positively affect the development of the global 3D printing medical device market. 3D printing technology is encouraging surgeons in enhancing the rate of success in complex operations. This technology is making pre-clinical medical testing convenient on 3D-printed organs which is a contrasting option against testing on animals.
Competitive Outlook: 3T RPD LTD., Arcam AB, 3D Systems Corporation, Envision Tec GMBH, EOS GMBH Electrical Optical System, Concept Laser GMBH, Prodways, Renishaw, Materialise NV, AND Stratasys LTD. among others.
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3D Printing Medical Device Market, By Medical Product
On the basis of medical product, the 3D-printed medical product market is categorized into surgical guides, surgical instruments, prosthetics and implants and tissue engineering products. In 2017, the surgical guides segment represents the largest share of the 3D printing medical devices market. 3D printing surgical guides as a part of surgical planning can altogether enhance the precision of implant placement and give precise embed implant restorations. Owing to this, the demand for precise and affordable guides is increasing, which is the key factor driving the development of this market segment.
3D Printing Medical Device Market, By Application
On the basis of application, the market has been divided into cranio-maxillofacial implants, dental implants, and orthopedic implants. Orthopedic implants segment represented a significant revenue share in the overall market when compared with dental implants and cranio-maxillofacial implants in the application segment. The demand for orthopedic implants is increasing due to a rise in obesity and osteoporosis-related fracture among all age groups. Besides this, there is an increasing awareness about the benefits of orthopedic surgeries on the quality of life, especially in countries like China and India, which has propelled the demand for the market.
3D Printing Medical Device Market, By Region
In 2017, North America had the largest share of the global 3D printing medical devices market, while Asia-Pacific is expected to witness sharp development from 2017 to 2022. The new 3D printing research and upcoming training and education centers and rising business endeavors in the developing nations of Asia is adding to the development of the market of 3D-pritning medical devices in this region.
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