3D Printing in Medical Devices Market by Product Type (Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds, Prosthetics & Implants), Technology (Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Laser Beam Melting), Component, En
3D Printing in Medical Devices Market by Product Type (Bone & Cartilage Scaffolds, Ligament & Tendon Scaffolds, Prosthetics & Implants), Technology (Droplet Deposition/Extrusion-Based Technologies, Electron Beam Melting, Laser Beam Melting), Component, End User - Global Forecast 2024-2030
The 3D Printing in Medical Devices Market size was estimated at USD 7.09 billion in 2023 and expected to reach USD 8.69 billion in 2024, at a CAGR 22.99% to reach USD 30.19 billion by 2030.
Various 3D printing technologies have emerged in the medical device industry, offering innovative solutions for orthopedic implants, surgical instruments, and patient-specific models. The significant advantage of 3D printing is its ability to manufacture highly-customized devices tailored to individual patient's anatomy and requirements. 3D-printed cranial implants can be designed based on precise measurements from scans or MRI images, ensuring an accurate fit while minimizing complications during surgery. Patient-specific guides help surgeons accurately plan and execute complex procedures, such as joint replacement surgeries, with greater precision. In recent years, 3D printing has emerged as a driving force for innovation in medical devices owing to its inherent benefits in customization and rapid prototyping. There is an increasing trend toward using this technology for personalized medicine and patient-specific prosthetics, orthopedic implants, dental appliances, and surgical instruments. These applications have been facilitated by advancements in biocompatible materials such as metals, polymers, ceramics, and even biological substances, such as hydrogels, for tissue engineering. Despite its numerous benefits, the widespread adoption of 3D printing in medical devices faces challenges owing to higher costs associated with the 3D printed medical devices, and a lack of expertise to operate these devices act as a restraining factor. Moreover, ongoing R&D efforts by market companies to advance 3D printing materials for medical purposes are expected to revolutionize 3D printing in the medical device industry.
Regional Insights
The Americas represents a highly developing landscape for 3D printing in the medical devices market due to the presence of strong healthcare infrastructure, rising R&D investments, and strict FDA regulations that encourage innovation in 3D printing. The favorable government initiatives and investments for introducing 3D printing in medical devices across Australia, India, and South Korea is benefiting the market growth in the Asia-Pacific. The massive presence of advanced technologies that assist in 3D printing with ongoing research and development (R&D) activities encourages the availability of novel 3D printing medical devices in the EMEA region. In Europe, EU countries have unified their regulations under the Medical Device Regulation (MDR), which mandates strict control over 3D-printed medical device manufacturing.
Market Insights
Market Dynamics
The market dynamics represent an ever-changing landscape of the 3D Printing in Medical Devices Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.
Market Drivers
High demand for personalized or customized medical devices
Awareness about 3D printing of medical devices provided by regulatory authorities
Market Restraints
High cost and quality concerns of 3D printed medical device
Market Opportunities
Advancements in printing materials and emergence of bioprinting
Enhanced potential in point-of-care diagnostics manufacturing
Market Challenges
Dearth of trained professionals for using 3D-printed medical device
Market Segmentation Analysis
Product Type: Increasing demand for prosthetics & implants for increased satisfaction with medical treatments
Technology: Rising adoption of photopolymerization technology for manufacturing microscale devices
Component: Growing utilization of various equipments based on material compatibility, and production speed
End User: Wider application across the hospitals for better patient care and efficiently streamline clinical workflows
Market Disruption Analysis
Porter’s Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis
FPNV Positioning Matrix
The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the 3D Printing in Medical Devices Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).
Market Share Analysis
The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the 3D Printing in Medical Devices Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.
Recent Developments
restor3d to acquire fellow 3D printed medical device firm Conformis
Restor3d, Inc., a 3D printed medical device company, has entered into a definitive merger agreement to acquire all outstanding shares of Conformis, Inc. The merger states that the combined portfolios of restor3d and Conformis will provide clinically differentiated and cost-effective solutions across various areas of the orthopedic landscape, including shoulder, foot & ankle, spine, and large joints. This strategic merger will enable the company to serve the needs of patients along with healthcare professionals alike.
EOS, Tecomet, Precision ADM, and OIC partner to provide end-to-end solution for medical device 3D printing
EOS GmbH, Tecomet, Inc., Orthopaedic Innovation Centre (OIC), and Precision ADM Inc have formed a collaborative partnership aiming to deliver a comprehensive end-to-end solution for 3D printing in medical devices. The range of services offered by this collaboration includes front-end engineering and design services, 510k approval pathways, device and machine validation, pre-clinical testing, and commercialization. The complete end-to-end solution this partnership provides is designed to reduce product development lead time and time to market while minimizing overall risk.
Formlabs Introduces BioMed Durable Resin for Strong, Impact-Resistant Medical Devices
Formlabs Inc. has developed BioMed Durable Resin, a material that is biocompatible and certified as USP Class VI. This resin is specifically designed for patient-specific instruments (PSI), customizable surgical instruments, and product development workflows that require biocompatibility. It is manufactured in an FDA-registered ISO 13485 facility and can be safely used in applications involving long-term skin contact, as well as short-term contact with tissue, bone, and dentin.
Strategy Analysis & Recommendation
The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the 3D Printing in Medical Devices Market. This critical assessment involves a thorough analysis of the organization’s resources, capabilities, and overall performance to identify its core strengths and areas for improvement.
Key Company Profiles
The report delves into recent significant developments in the 3D Printing in Medical Devices Market, highlighting leading vendors and their innovative profiles. These include 3D Systems Corporation, Abbott Laboratories, Anatomics Pty Ltd., Anisoprint SARL, Ansys, Inc., Apium Additive Technologies GmbH, Arkema SA, BICO Group, Biomedical Modeling Inc., Carbon, Inc., EOS GmbH, Evonik Industries AG, Formlabs Inc., GE HealthCare Technologies Inc., Henkel AG & Co. KGaA, Johnson & Johnson Services, Inc., Materialise NV, Organovo Holdings Inc., Prodways Group, Proto Labs, Inc., RapidMade Inc., Renishaw PLC, Restor3d, Inc., Siemens AG, SLM Solutions Group AG, Smith & Nephew PLC, Solvay S.A., Stratasys Ltd., Stryker Corporation, Thermo Fisher Scientific Inc., Zimmer Biomet Holdings, Inc., and Zortrax S.A..
Market Segmentation & Coverage
This research report categorizes the 3D Printing in Medical Devices Market to forecast the revenues and analyze trends in each of the following sub-markets:
Product Type
Bone & Cartilage Scaffolds
Ligament & Tendon Scaffolds
Prosthetics & Implants
Custom Implants
Standard Implants
Surgical Guides
Craniomaxillofacial Guides
Dental Guides
Orthopedic Guides
Surgical Instruments
Retractors
Scalpels
Surgical Fasteners
Tissue Engineering Products
Technology
Droplet Deposition/Extrusion-Based Technologies
Fused Deposition Modeling
Low-Temperature Deposition Manufacturing
Multiphase Jet Solidification
Electron Beam Melting
Laser Beam Melting
Direct Metal Laser Sintering
Selective Laser Melting
Selective Laser Sintering
Photopolymerization
Digital Light Processing
Polyjet 3D Printing Technology
Stereolithography
Two-Photon Polymerization
Component
Equipment
Materials
Ceramics
Paper
Resin
Services & Software
End User
Academic Institutions & Research Laboratories
Ambulatory Surgical Centers
Diagnostic Centers
Hospitals
Region
Americas
Argentina
Brazil
Canada
Mexico
United States
California
Florida
Illinois
New York
Ohio
Pennsylvania
Texas
Asia-Pacific
Australia
China
India
Indonesia
Japan
Malaysia
Philippines
Singapore
South Korea
Taiwan
Thailand
Vietnam
Europe, Middle East & Africa
Denmark
Egypt
Finland
France
Germany
Israel
Italy
Netherlands
Nigeria
Norway
Poland
Qatar
Russia
Saudi Arabia
South Africa
Spain
Sweden
Switzerland
Turkey
United Arab Emirates
United Kingdom
Please Note: PDF & Excel + Online Access - 1 Year
1. Preface
1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders
2. Research Methodology
2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update
3. Executive Summary
4. Market Overview
5. Market Insights
5.1. Market Dynamics
5.1.1. Drivers
5.1.1.1. High demand for personalized or customized medical devices
5.1.1.2. Awareness about 3D printing of medical devices provided by regulatory authorities
5.1.2. Restraints
5.1.2.1. High cost and quality concerns of 3D printed medical device
5.1.3. Opportunities
5.1.3.1. Advancements in printing materials and emergence of bioprinting
5.1.3.2. Enhanced potential in point-of-care diagnostics manufacturing
5.1.4. Challenges
5.1.4.1. Dearth of trained professionals for using 3D-printed medical device
5.2. Market Segmentation Analysis
5.2.1. Product Type: Increasing demand for prosthetics & implants for increased satisfaction with medical treatments
5.2.2. Technology: Rising adoption of photopolymerization technology for manufacturing microscale devices
5.2.3. Component: Growing utilization of various equipments based on material compatibility, and production speed
5.2.4. End User: Wider application across the hospitals for better patient care and efficiently streamline clinical workflows
5.3. Market Trend Analysis
5.3.1. Presence of native and established medical device market vendors offering innovative 3D printing technologies in the Americas
5.3.2. Government support to increase the manufacturing and usage of 3D medical devices in Asia-Pacific region
5.3.3. Advancements, Research and Development, and Investments in 3D Printing for Medical Devices in Europe and Middle East
5.4. Cumulative Impact of Russia-Ukraine Conflict
5.5. Cumulative Impact of High Inflation
5.6. Porter’s Five Forces Analysis
5.6.1. Threat of New Entrants
5.6.2. Threat of Substitutes
5.6.3. Bargaining Power of Customers
5.6.4. Bargaining Power of Suppliers
5.6.5. Industry Rivalry
5.7. Value Chain & Critical Path Analysis
5.8. Regulatory Framework Analysis
6. 3D Printing in Medical Devices Market, by Product Type
6.1. Introduction
6.2. Bone & Cartilage Scaffolds
6.3. Ligament & Tendon Scaffolds
6.4. Prosthetics & Implants
6.5. Surgical Guides
6.6. Surgical Instruments
6.7. Tissue Engineering Products
7. 3D Printing in Medical Devices Market, by Technology