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19-Jun-2024

Global 3D Printed Medical Devices Market Set to Expand Rapidly, Projected to Reach USD 3.6 Billion by 2033

The global 3d printed medical devices market is poised for substantial growth, projected to achieve a robust compound annual growth rate (CAGR) of 16.3% from 2023 to 2033. According to recent market analysis, the sector, valued at USD 799.8 million in 2023, is anticipated to surpass USD 3.6 billion by the end of the forecast period.

The advent of 3D printing technology in medical applications has revolutionized orthopedic and surgical practices, offering lighter, stronger, and safer alternatives to conventional devices. These advancements enable the creation of precise replicas of organs, bones, and blood vessels, enhancing treatment outcomes and patient care.

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The market’s growth is driven by the increasing adoption of 3D-printed medical products that reduce lead times and treatment costs. Particularly in orthopedics, the technology supports the development of modern orthobiologics and regenerative medicines, meeting the growing demand for customized surgical solutions. This transformation is evident in the production of surgical implants and tools, including clamps, forceps, and needle drivers, which improve surgical precision and patient recovery.

“The 3D printed medical devices market is at the forefront of innovation in healthcare,” commented FMI. “We’re witnessing significant advancements in personalized medicine and surgical planning, which are crucial in improving patient outcomes and minimizing surgical risks.”

Moreover, the integration of 3D printing in dental applications and biomaterials has further expanded treatment possibilities, providing tailored solutions for each patient’s oral health needs.

Key Takeaways: 3D Printed Medical Devices Market

  • The 3D printed medical devices market is expected to grow significantly at a CAGR of 16.3% from 2023 to 2033, reaching a value of USD 3.6 billion by 2033.
  • Advancements in digital technologies like digital dentistry are driving market growth by optimizing clinical workflows and enabling direct digital manufacturing.
  • 3D printing offers reduced production time, eliminates tooling investments, and increases production capability.
  • The US is leading the market with a projected CAGR of 16.9% and a market share of USD 1.4 billion by 2033. High presence of key players and strategic initiatives are contributing to this growth.
  • China is expected to grow at a CAGR of 16.7% due to rising automation and adoption of 3D printed medical devices.
  • Japan’s market is expected to reach USD 291.6 million by 2033 with a CAGR of 16.6%. This growth is driven by advancements in 3D bioprinting and production of 3D printed medicines.
  • Germany’s market is experiencing a CAGR of 18.3% due to advancements in 3D printing technology, availability of diverse materials, and high demand for orthopedic devices.

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Competition Scenario:

The key players in the 3D printed medical devices market are actively engaging in collaborative efforts to drive technological advancements and expand their production capacities.

Recent developments include:

  • In October 2021, 3D Systems, Inc. acquired Volumetric Biotechnologies to enhance their biological expertise and tissue engineering capabilities.
  • In November 2021, EOS invested in Metalpine, an Austrian metal powder producer, to foster joint development of innovative and sustainable metal powders.

Key Contributors of the 3D Printed Medical Devices Market are:

  • 3D Systems, Inc.
  • Arcam AB
  • Stratasys Ltd.
  • FabRx Ltd.
  • EOS GmbH Electro Optical Systems
  • EnvisionTEC
  • Cyfuse Biomedical K.K.
  • Bio3D Technologies

Key Segments:

By Application:

  • Orthopaedic Implants
  • Dental Implants
  • Cranio-maxillofacial Implants
  • Internal and External Prostheses

By Technology:

  • Stereolithography (SLA) – Liquid-Based 3D Printing
  • Selective Layer Sintering (SLS) – Powder-Based 3D Printing
  • Digital Light Processing(DLP)
  • Fused Deposition Modeling (FDM): Plastic Filament Extrusion Based
  • PolyJet / InkJet 3D Printing
  • Electronic Beam Melting (EBM)

By Distribution Channel:

  • Hospitals
  • Ambulatory Surgical Centers
  • Diagnostic Centers

By Material Type:

  • Plastics
    • Thermoplastics
    • Photopolymers
  • Biomaterial Inks
    • Polymers
    • Ceramics
    • Hydrogels
  • Metals and Alloys

By Region:

  • North America
  • Latin America
  • Europe
  • Asia Pacific (APAC)
  • The Middle East & Africa (MEA)

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About Future Market Insights (FMI)

Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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Last Updated: 19-Jun-2024