Coherent Market Insights

3D Printed Medical Devices Market to Surpass US$ 1,737.5 Million by 2027

3D Printed Medical Devices Market to Surpass US$ 1,737.5 Million by 2027 - Coherent Market Insights

Publish In: Jan 15, 2020

The manufacturing of 3D printed medical devices involves multiple steps that depend upon the type of printing and the complexity of the equipment. 3D printed medical devices can be tailored to suit the patient’s unique needs and to manufacture anatomical models for medical education and training purposes. 

The global 3D printed medical devices market is estimated to account for US$ 1,737.5 Mn in terms of value by the end of 2027.

Global 3D Printed Medical Devices Market: Drivers

Increasing demand for organ transplants is expected to propel growth of the global 3D printed medical devices market over the forecast period. For instance, according to Health Resources and Services Administration's Healthcare Systems Bureau, over 113,000 people are on the national transplant waiting list in the U.S. as of July 2019.

Global 3D Printed Medical Devices Market: Opportunities

Key players in the market need to focus on implementing design control plan to comply with regulatory requirement in customization of 3D printed medical devices. Moreover, key players can also focus on developing flexible and soft materials mimicking biological tissues to decrease cost of 3D printed medical devices.

Global 3D Printed Medical Devices Market: Restraints 

Development of complex devices using 3D printing can be time-sensitive and requires high-level of expertise. However, there is a lack of lack of skilled workforce, which is impacting the quality of the devices and hindering growth of the market.

Key Takeaways:

The PolyJet / InkJet 3D Printing segment in the global 3D printed medical devices market was valued at US$ 89.3 Mn in 2019 and is expected to reach US$ 348.1 Mn by 2027 at a CAGR of 18.4% during the forecast period. The growth of the segment is attributed to increasing research and development for new product during the forecasted period.

The Orthopedic Implants segment held dominant position in the global 3D printed medical devices market in 2019, accounting for 39.7% share in terms of value, followed by dental implants, respectively. The dominant position of orthopaedic implants is attributed to increasing number of orthopaedic surgeries in developed and developing economies during the forecasted period.

Market Trends

Several governments are focused on implementing guidelines related to licensing of implantable 3D printed medical devices. For instance, in November 2018, Health Canada, the national public health department of the Government of Canada, released a draft guidance document for manufacturers intending to license implantable 3D printed medical devices.

Several governments are also focused on reviewing regulation of personalized and 3d printed medical devices. For instance, in May 2018, Australia’s Therapeutic Goods Administration (TGA) collated the public’s responses to proposed regulatory changes for personalized and 3D printed medical devices.

Regulations

Europe

  • The EU Medical Device law that evaluates the approval of 3D printed medical devices is currently under discussions
  • These devices fall under the category of “custom-made medical devices”
  • Current areas of focus in the new legislative policy being discussed include, stringent quality control, apart from better design specifications and greater inclusion of support technology
  • Formalization of a standard regulatory environment along with harmonized validation process throughout the EU would facilitate the 3-D Printing medical devices industry to develop in a safe and consistent manner, thus guarantying greater patient-safety

Global 3D Printed Medical Devices Market: Competitive Landscape

Major players operating in the global 3D printed medical devices market include, 3D Systems, Inc., Arcam AB, Stratasys Ltd., FabRx Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Cyfuse Biomedical K.K., Bio3D Technologies, PrinterPrezz, Carima, Nexxt Spine, and Aurora Labs.

Global 3D Printed Medical Devices Market: Key Developments

  • In January 2019, PrinterPrezz, a 3D printing service bureau based in the U.S. and specializing in the medical sector, partnered with Growshapes LLC, a distributor of 3D scanners, to help in its development of medical devices
  • In November 2019, Carima, a 3D printer manufacturer, launched a new large-scale DLP 3D printer, DM400d, for producing dental models

Segmentation

Scope of the report

  • 3D Printed Medical Devices Market, By Application Type:
    • Orthopedic Implants
    • Dental Implants
    • Cranio-maxillofacial Implants
    • Internal and External Prostheses
  • 3D Printed Medical Devices Market, By Technology:
    • Stereo lithography (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)
  • 3D Printed Medical Devices Market, By Material:
    • Plastics
      • Thermoplastics
      • Photopolymers
    • Biomaterial Inks
      • Polymers
      • Ceramics
      • Hydrogels
    • Metals and Alloys
  • 3D Printed Medical Devices Market, By End User:
    • Hospitals
    • Ambulatory Surgical Centers
    • Diagnostic Centers
  • 3D Printed Medical Devices Market, By Region:
    • North America
      • By Application Type:
        • Orthopedic 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 Material
        • Plastics
          • Thermoplastics
          • Photopolymers
        • Biomaterial Inks
          • Polymers
          • Ceramics
          • Hydrogels
        • Metals and Alloys
      • By End User
        •  Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
      • By Country:
        • U.S.
        • Canada
    • Latin America
      • By Application Type:
        • Orthopedic 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 Material
        • Plastics
          • Thermoplastics
          • Photopolymers
        • Biomaterial Inks
          • Polymers
          • Ceramics
          • Hydrogels
        • Metals and Alloys
      • By End User
        •  Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
      • By Country:
        • Brazil
        • Mexico
        • Argentina
        • Rest of Latin America
    • Europe
      • By Application Type:
        • Orthopedic 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 Material
        • Plastics
          • Thermoplastics
          • Photopolymers
        • Biomaterial Inks
          • Polymers
          • Ceramics
          • Hydrogels
        • Metals and Alloys
      • By End User
        •  Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
      • By Country:
        • Germany
        • U.K.
        • France
        • Italy
        • Spain
        • Russia
        • Rest of Europe
    • Asia Pacific
      • By Application Type:
        • Orthopedic 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 Material
        • Plastics
          • Thermoplastics
          • Photopolymers
        • Biomaterial Inks
          • Polymers
          • Ceramics
          • Hydrogels
        • Metals and Alloys
      • By End User
        •  Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
      • By Country:
        • China
        • India
        • Japan
        • Australia
        • South Korea
        • ASEAN
        • Rest of Asia Pacific
    • Middle East
      • By Application Type:
        • Orthopedic 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 Material
        • Plastics
          • Thermoplastics
          • Photopolymers
        • Biomaterial Inks
          • Polymers
          • Ceramics
          • Hydrogels
        • Metals and Alloys
      • By End User
        •  Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
      • By Country:
        • GCC
        • Israel
        • Rest of Middle East
    • Africa
      • By Application Type:
        • Orthopedic 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 Material
        • Plastics
          • Thermoplastics
          • Photopolymers
        • Biomaterial Inks
          • Polymers
          • Ceramics
          • Hydrogels
        • Metals and Alloys
      • By End User
        •  Hospitals
        • Ambulatory Surgical Centers
        • Diagnostic Centers
      • By Country:
        • South Africa
        • Central Africa
        • North Africa
  • Company Profiles
    • 3D Systems, Inc.*
      • Company Overview
      • Product Portfolio
      • Key Highlights
      • Financial Overview
      • Strategies
    • Arcam AB
    • Stratasys Ltd.
    • FabRx Ltd.
    • EOS GmbH Electro Optical Systems
    • EnvisionTEC
    • Cyfuse Biomedical K.K.
    • Bio3D Technologies
    • PrinterPrezz
    • Carima
    • Nexxt Spine
    • Aurora Labs

 “*” marked represents similar segmentation in other categories in the respective section.

 

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