3D Printed Medical Devices Market Insights, Forecast, Growth, Trends: 2024-2033

Global 3d printed medical devices market size is expected to reach $12.01 Bn by 2028 at a rate of 28.2%, segmented as by type, implants, surgical instruments, prosthetics, tissue engineering devices, other types

Jul 12, 2024 - 12:29

3D Printed Medical Devices Market Insights, Forecast, Growth, Trends: 2024-2033

Overview and Scope

3D printed medical devices are artificial devices that replace a missing body part or biological structure and are manufactured by laying successive layers of material using inputs from a digital 3D model.

Sizing and Forecast

The 3d printed medical devices market size has grown exponentially in recent years. It will grow from $3.57 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to customization and personalization, regulatory approvals and standards, rise in demand for patient-specific solutions, collaborations and partnerships, cost-efficiency and time savings.

The 3d printed medical devices market size is expected to see exponential growth in the next few years. It will grow to $12.01 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to increased accessibility and affordability, widespread adoption of 3d printing in healthcare, remote healthcare and telemedicine integration, focus on sustainable and eco-friendly practices,biocompatible material innovations, . Major trends in the forecast period include regulatory adaptation to technological advances, integration of artificial intelligence, technological advancements in 3d printing, point-of-care printing, remote printing and telemedicine.

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Segmentation & Regional Insights

The 3d printed medical devices market covered in this report is segmented –

1) By Type: Implants, Surgical instruments, Prosthetics, Tissue engineering devices, Other Types

2) By Raw Material: Plastics, Biomaterial inks, Metals and Alloys

3) By Technology: Fused Deposition Modelling, Digital Light Processing, Stereolithography, Selective Laser melting

4) By Application: Orthopedic, Spinal, Dental, Hearing Aids, Other Applications

5) By End User: Hospitals, Diagnostics Centres, Academic Institutions, Other End Users

North America was the largest region in the 3D printed medical devices market in 2023. Western Europe was the second largest region in the global 3D printed medical devices market report. The regions covered in the 3d printed medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.

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Major Driver Impacting Market Growth

The increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the growth of the 3D printed medical devices market. Osteoarthritis is a disorder that damages the joint cartilage and surrounding tissues causing pain, stiffness, and loss of joint function to the person affected by it. The 3D printing medical devices enable the creation of a replica of a patient's joint, which can provide surgeons with a crucial piece of information that might not be visible on a 2-dimensional scan. The chance of developing osteoarthritis increases with age. For instance, according to the US National Library of Medicine report, by 2040, it is estimated that approximately 78 million (26%) US adults aged 18 years and above will be projected to have doctor-diagnosed arthritis. Thereby driving the adoption of 3D printed medical devices, positively impacting the market growth.

Key Industry Players

Major companies operating in the 3d printed medical devices market report are Siemens AG, General Electric Company, Arcam AB, Hewlett Packard Development Company LP, Adobe Inc., Dassault Systèmes SE, Phidias Technologies, Ansys Inc., Bio3D Technologies Pte Ltd., Renishaw plc, Stratasys Ltd., Concept Laser GmbH, 3D Systems Corporation, Protolabs Inc., Materialise NV, Groupe Gorgé SA, SLM Solutions Group AG, Carbon Inc., Formlabs Inc., ExOne Company, Envision TEC Inc., Nano Dimension Ltd., Cyfuse Biomedical K.K., EOS GmbH Electro Optical Systems, Oxford Performance Materials Inc., FabRx Ltd., Organovo Holdings Inc., Laser GmbH, 3T RPD Ltd.

The 3d printed medical devices market report table of contents includes: