Medical 3D Printing Market Size, Share, Growth Analysis, By Product(Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting), By Technology(Surgical Guides, Surgical Instruments, Standard Prosthetics and Implants, Custom Prosthetics and Implants), By Application(Hospitals and Surgical Centers, Dental and Orthopedic Clinics, Academic Institution and Research Laboratories, Pharma-Biotech and Medical Device Companies), By Region - Industry Forecast 2024-2031


Report ID: SQMIG35G2100 | Region: Global | Published Date: July, 2024
Pages: 157 |Tables: 101 |Figures: 71

Medical 3D Printing Market Insights

Medical 3D Printing Market size was valued at USD 2.4 billion in 2019 and USD 2.79 billion in 2019 and it is expected to reach USD 9.41 billion by 2031, at a CAGR of 16.4% during the forecast period (2024-2031).

In the healthcare industry, it is used to produce individualized medical products and equipment. In addition, 3D printing technology meets the growing demand for medical devices that can be adapted to each patient's specific requirements.

It outperforms conventional reconstructive surgeries in a number of ways, including a shorter anesthesia exposure time, a reduction in infection risk, and a reduction in operative risks during complex procedures.

The key factors supporting the growth of the market include the availability of advanced 3D printing materials for dental and medical applications, the rising demand for 3D-printed products in the cosmetics and pharmaceutical industries, the high incidence of dental and orthopedic diseases, the simple development of customized medical products using 3D printing, and the growing applications of 3D printing in the healthcare industry.

A wide range of products, including those with intricate geometry or features specific to a patient's anatomy, are produced by medical device manufacturers using 3D printers.

After printing a small number of devices from a standard design, numerous exact replicas of the same device are made. Additional devices, also known as patient-matched or patient-specific devices, are developed using the patient-specific imaging data.

US Medical 3D Printing Market is poised to grow at a sustainable CAGR for the next forecast year.

Market Snapshot - 2024-2031

Global Market Size

USD 2.4 billion

Largest Segment

Services and Software

Fastest Growth

Services and Software

Growth Rate

16.4% CAGR

Global Medical 3D Printing Market 2021-2028 ($ Bn)
Country Share for North America Region- 2021 (%)

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Medical 3D Printing Market Segmental Analysis

The Medical 3d printing device market is segmented By Product, Technology, Application, end user and Region. By Product, Medical 3D Printing Market is segmented in Equipment, Materials, Services and Software. By Technology, it is segmented into Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Three-Dimensional Printing/Adhesion Bonding/Binder Jetting, Others. By Application, Medical 3D Printing Market is segmented into Surgical Guides, Surgical Instruments, Standard Prosthetics and Implants, Custom Prosthetics and Implants, Tissue-Engineered Products, Hearing Aids, Wearable Medical Devices, Others. By End user, Medical 3D Printing Market is segmented into Hospitals and Surgical Centers, Dental and Orthopedic Clinics, Academic Institution and Research Laboratories, Pharma-Biotech and Medical Device Companies, Clinical Research Organization, Others. By Region, Medical 3D Printing Market is segmented on the basis of North America, Europe, Asia Pacific, Latin America.

Medical 3D Printing Market Analysis by Product

Based on the Product, The software and services dominated the 3d printing medical devices market in 2021. During the forecast period, this market is anticipated to expand due to the services for medical device 3D printing's cost effectiveness, utility, uniformity, and accuracy.

Medical 3D Printing Market Analysis by Application

Based on the Application, the Custom Prosthetics and Implants segment is likely to maintain its current dominance of the market. Plastics, ceramics, metals, and biological materials like skin and bones are just a few of the materials that can be used in 3D printing to make highly customizable prosthetics and implants. The development of this market sector is anticipated to be fueled by the 3D printing of custom implants, which is drawing in new investors and medical device businesses.

Global Medical 3D Printing Market By products 2021 (%)

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Medical 3D Printing Market Regional Insights

North America is anticipated to maintain its dominance throughout the forecast period. Due to the three major North American nations that are taken into account in the United States, Canada, and Mexico, The overall market for 3D printing in healthcare is dominated by North America and is expected to remain so throughout the forecast period. This is due to numerous collaborations between academic and commercial organizations in this region and widespread adoption of 3D printing technology. This region's dominance has also been aided by advances in 3D printing technology, an increase in funding for their development, and an increase in the number of patients there. The market's expansion is fueled by the rise in acquisition, product launch, and approval by key players operating in North America.

Asia Pacific is also expected to have high growth as the healthcare industry in emerging economies is expanding. Government bodies are investing in developing healthcare infrastructure to safeguard against unpredicted pandemic and disease outburst.

Global Medical 3D Printing Market By Geography, 2021-2028
  • Largest
  • Fastest

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Medical 3D Printing Market Dynamics

Medical 3D Printing Market Drivers

Investment in Healthcare Infrastructure to Boost Growth of Medical 3D Printing Market

  • Public-private funding for a variety of initiatives in the 3D printing industry has significantly increased in recent years. The market for medical 3D printing is expected to expand as a result of these kinds of research and funding efforts, which are expected to accelerate the advancement of 3D printing technologies and products. Investment to develop healthcare infrastructure will further boost demand for 3D printing in the medical industry.

Medical 3D Printing Market Restraints

Shortage of Skill to Hinder Market Growth

  • The lack of skilled workers is a major obstacle to the adoption of additive manufacturing or 3D printing. The rapid pace of technological and material advancement in the 3d printing medical devices market further exacerbates the fact that there is a very limited pool of resources available for staff who are well-versed in the process. There are not enough training programs available for additive manufacturing, and there is a large and difficult-to-bridge gap between academia and the industry. The product's final quality is affected by the workforce's lack of knowledge of the design and production cycle in additive manufacturing. The medical device industry's overall adoption of 3D printing would be hampered by the absence of such a workforce.

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Medical 3D Printing Market Competitive Landscape

Due to the presence of numerous manufacturing companies in the nation, the market for 3D printed medical devices is highly fragmented .By investing in R&D, incorporating cutting-edge technology into their products, and bringing new products to market, market leaders maintain their dominance. Partnerships, strategic alliances, agreements, mergers, and other strategies are employed.

Medical 3D Printing Market Top Players Company Profiles

  • Stratasys
  • EnvisionTEC
  • Koninklijke Philips N.V
  • EOS
  • Renishaw Plc
  • Materialize
  • 3T Additive Manufacturing Ltd
  • Carbon Inc
  • Prodways Group
  • SLM Solutions
  • Organovo Holdings
  • Anatomics Pty Ltd
  • FIT AG

Medical 3D Printing Market Recent Developments

  • In April 2021, 3D Systems (US) launched titanium- and nylon-made patient-specific VSP Hybrid Guides for maxillofacial procedures.
  • In March 2021, Stratasys Ltd. (US) Introduced the J5 DentaJet 3D Printer PolyJet printer for dental laboratories.

Medical 3D Printing Key Market Trends

  • With the intention of incorporating technology into the clinical workflow, digitization of dental and medical procedures has advanced significantly over time. Digital dentistry and surgeries are replacing traditional ones in the industry. The use of computer-controlled processes to create a physical object directly from a digital design is known as direct digital manufacturing. Direct digital manufacturing is becoming a technology that is used a lot more than traditional methods of manufacturing because of advances in 3D printing. Because it eliminates the need to invest in tooling, shortens the period of time between design and production, and boosts production, it provides a distinct set of advantages.

Medical 3D Printing Market SkyQuest Analysis

Sky Quest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Services team that Collects, Collates, Co-relates, and Analyses the Data collected using Primary Exploratory Research backed by robust Secondary Desk research.

According to our global medical 3D printing market analysis, the service and software segment dominated the market in 2021. North America is anticipated to maintain its dominance throughout the forecast period. Players in the market are competing by curating customized products for consumers. This will provide them with an edge over their competitors.

Report Metric Details
Market size value in 2023 USD 2.4 billion
Market size value in 2031 USD 9.41 billion
Growth Rate 16.4%
Forecast period 2024-2031
Forecast Unit (Value) USD Billion
Segments covered
  • Product
    • Laser Beam Melting, Photopolymerization, Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Three-Dimensional Printing/Adhesion Bonding/Binder Jetting, Others
  • Technology
    • Surgical Guides, Surgical Instruments, Standard Prosthetics and Implants, Custom Prosthetics and Implants, Tissue-Engineered Products, Hearing Aids, Wearable Medical Devices, Others
  • Application
    • Hospitals and Surgical Centers, Dental and Orthopedic Clinics, Academic Institution and Research Laboratories, Pharma-Biotech and Medical Device Companies, Clinical Research Organization, Others
Regions covered North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA)
Companies covered
  • Stratasys
  • EnvisionTEC
  • Koninklijke Philips N.V
  • EOS
  • Renishaw Plc
  • Materialize
  • 3T Additive Manufacturing Ltd
  • Carbon Inc
  • Prodways Group
  • SLM Solutions
  • Organovo Holdings
  • Anatomics Pty Ltd
  • FIT AG
Customization scope

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  • Segments by type, application, etc
  • Company profile
  • Market dynamics & outlook
  • Region

Historical Year 2019

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Table Of Content

Executive Summary

Market overview

  • Exhibit: Executive Summary – Chart on Market Overview
  • Exhibit: Executive Summary – Data Table on Market Overview
  • Exhibit: Executive Summary – Chart on Medical 3D Printing Market Characteristics
  • Exhibit: Executive Summary – Chart on Market by Geography
  • Exhibit: Executive Summary – Chart on Market Segmentation
  • Exhibit: Executive Summary – Chart on Incremental Growth
  • Exhibit: Executive Summary – Data Table on Incremental Growth
  • Exhibit: Executive Summary – Chart on Vendor Market Positioning

Parent Market Analysis

Market overview

Market size

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • SWOT Analysis

KEY MARKET INSIGHTS

  • Technology Analysis
    • (Exhibit: Data Table: Name of technology and details)
  • Pricing Analysis
    • (Exhibit: Data Table: Name of technology and pricing details)
  • Supply Chain Analysis
    • (Exhibit: Detailed Supply Chain Presentation)
  • Value Chain Analysis
    • (Exhibit: Detailed Value Chain Presentation)
  • Ecosystem Of the Market
    • Exhibit: Parent Market Ecosystem Market Analysis
    • Exhibit: Market Characteristics of Parent Market
  • IP Analysis
    • (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
  • Trade Analysis
    • (Exhibit: Data Table: Import and Export data details)
  • Startup Analysis
    • (Exhibit: Data Table: Emerging startups details)
  • Raw Material Analysis
    • (Exhibit: Data Table: Mapping of key raw materials)
  • Innovation Matrix
    • (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
  • Pipeline product Analysis
    • (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
  • Macroeconomic Indicators

COVID IMPACT

  • Introduction
  • Impact On Economy—scenario Assessment
    • Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
  • Revised Market Size
    • Exhibit: Data Table on Medical 3D Printing Market size and forecast 2021-2027 ($ million)
  • Impact Of COVID On Key Segments
    • Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
  • COVID Strategies By Company
    • Exhibit: Analysis on key strategies adopted by companies

MARKET DYNAMICS & OUTLOOK

  • Market Dynamics
    • Exhibit: Impact analysis of DROC, 2021
      • Drivers
      • Opportunities
      • Restraints
      • Challenges
  • Regulatory Landscape
    • Exhibit: Data Table on regulation from different region
  • SWOT Analysis
  • Porters Analysis
    • Competitive rivalry
      • Exhibit: Competitive rivalry Impact of key factors, 2021
    • Threat of substitute products
      • Exhibit: Threat of Substitute Products Impact of key factors, 2021
    • Bargaining power of buyers
      • Exhibit: buyers bargaining power Impact of key factors, 2021
    • Threat of new entrants
      • Exhibit: Threat of new entrants Impact of key factors, 2021
    • Bargaining power of suppliers
      • Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
  • Skyquest special insights on future disruptions
    • Political Impact
    • Economic impact
    • Social Impact
    • Technical Impact
    • Environmental Impact
    • Legal Impact

Market Size by Region

  • Chart on Market share by geography 2021-2027 (%)
  • Data Table on Market share by geography 2021-2027(%)
  • North America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • USA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Canada
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Europe
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Germany
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Spain
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • France
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • UK
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Europe
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Asia Pacific
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • China
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • India
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Japan
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Korea
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of Asia Pacific
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Latin America
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • Brazil
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of South America
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
  • Middle East & Africa (MEA)
    • Chart on Market share by country 2021-2027 (%)
    • Data Table on Market share by country 2021-2027(%)
    • GCC Countries
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • South Africa
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)
    • Rest of MEA
      • Exhibit: Chart on Market share 2021-2027 (%)
      • Exhibit: Market size and forecast 2021-2027 ($ million)

KEY COMPANY PROFILES

  • Competitive Landscape
    • Total number of companies covered
      • Exhibit: companies covered in the report, 2021
    • Top companies market positioning
      • Exhibit: company positioning matrix, 2021
    • Top companies market Share
      • Exhibit: Pie chart analysis on company market share, 2021(%)

Methodology

For the Medical 3D Printing Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:

1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.

2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Medical 3D Printing Market.

3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.

4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.

Analyst Support

Customization Options

With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Medical 3D Printing Market:

Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.

Regional Analysis: Further analysis of the Medical 3D Printing Market for additional countries.

Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.

Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.

Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.

Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.

Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.

Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.

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FAQs

Medical 3D Printing Market size was valued at USD 2.4 billion in 2019 and USD 2.79 billion in 2019 and it is expected to reach USD 9.41 billion by 2031, at a CAGR of 16.4% during the forecast period (2024-2031).

Due to the presence of numerous manufacturing companies in the nation, the market for 3D printed medical devices is highly fragmented .By investing in R&D, incorporating cutting-edge technology into their products, and bringing new products to market, market leaders maintain their dominance. Partnerships, strategic alliances, agreements, mergers, and other strategies are employed. 'Stratasys', 'EnvisionTEC', 'Koninklijke Philips N.V', '3D Systems Inc,', 'EOS', 'Renishaw Plc', 'Materialize', '3T Additive Manufacturing Ltd', 'General Electric', 'Carbon Inc', 'Prodways Group', 'SLM Solutions', 'Organovo Holdings', 'Anatomics Pty Ltd', 'FIT AG'

Public-private funding for a variety of initiatives in the 3D printing industry has significantly increased in recent years. The market for medical 3D printing is expected to expand as a result of these kinds of research and funding efforts, which are expected to accelerate the advancement of 3D printing technologies and products. Investment to develop healthcare infrastructure will further boost demand for 3D printing in the medical industry.

With the intention of incorporating technology into the clinical workflow, digitization of dental and medical procedures has advanced significantly over time. Digital dentistry and surgeries are replacing traditional ones in the industry. The use of computer-controlled processes to create a physical object directly from a digital design is known as direct digital manufacturing. Direct digital manufacturing is becoming a technology that is used a lot more than traditional methods of manufacturing because of advances in 3D printing. Because it eliminates the need to invest in tooling, shortens the period of time between design and production, and boosts production, it provides a distinct set of advantages.

North America is anticipated to maintain its dominance throughout the forecast period. Due to the three major North American nations that are taken into account in the United States, Canada, and Mexico, The overall market for 3D printing in healthcare is dominated by North America and is expected to remain so throughout the forecast period. This is due to numerous collaborations between academic and commercial organizations in this region and widespread adoption of 3D printing technology. This region's dominance has also been aided by advances in 3D printing technology, an increase in funding for their development, and an increase in the number of patients there. The market's expansion is fueled by the rise in acquisition, product launch, and approval by key players operating in North America.

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