Europe 3D Printing Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services, Equipment {3D Printers, 3D Bioprinters}, Materials {Plastics Material, Metal and Metal Alloys, Bioprinting Biomaterial,

Europe 3D Printing Medical Devices Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Component (Software and Services, Equipment {3D Printers, 3D Bioprinters}, Materials {Plastics Material, Metal and Metal Alloys, Bioprinting Biomaterial, Wax Material, and Others}), Technology (Laser Beam Melting {Direct Metal Laser Sintering, Selective Laser Sintering, Selective Laser Melting, LaserCusing}, Photopolymerization {Stereolithography, Others}, Droplet Deposition/Extrusion Based Technologies {Fused Deposition Modelling, Multiphase Solidification, Low Temperature Deposition Manufacturing}, Electron Beam Melting ), Application (Custom Prosthetics and Implants {Craniomaxillofacial Implants, Custom Dental Prosthetics and Implants, Custom Orthopedic Implants}, Surgical Guides {Dental Orthopedic, Craniomaxillofacial, Spinal Guides}, Tissue Engineering Products {Bone and Cartilage Scaffolds, Ligament and Tendons Scaffolds}, Surgical Instruments {Surgical Fasteners, Scalpels, Retractors},

The Europe 3D printing medical devices market is expected to reach US$ 1,986.9 million by 2028 from US$ 642.6 million in 2021. The market is estimated to grow at a CAGR of 17.5% from 2021-2028. Tooth decay is the second most common dental issue in Europe. The prevalence of orthodontic disorders is common in males and females, with minor differences based on gender. The possibility of individualized products, savings on small-scale productions, simplified sharing and processing of patient image data, and upgrades in education are the forces driving advancements in 3D printing for medicine and dentistry applications. The 3D printing technique is primarily focused on applications in oral surgeries and prosthodontics, followed by orthodontics; however, only a few publications on applications in periodontics and endodontics specialty are available. The clinical use of 3D printing technology provides the surgeons with an advance image processing of a realistic physical model of the anatomy on which they will operate.

Based on component, the 3D printing medical devices market is segmented into software and services, equipment, and material. In 2021, the material segment accounted for the largest share. Moreover, the software and services segment is expected to grow at the highest CAGR during the forecast period.

Due to the COVID-19 outbreak, the European Commission decided to delay the transition from MDD to MDR. This permits the medical device sector and Notified Bodies (NBs) to concentrate on the current issue and devote all of their resources to combatting the coronavirus. However, there has been no indication on whether the in-vitro diagnostic Regulation (IVDR) 2017/246, which is set to take effect in May 2021 would be postponed. This adds to the strain on IVD makers, who must stay on track with the improvements required to move to IVDR. They must also deal with the increased demand for key diagnostic tests as well as the difficulty of kit manufacture and distribution during the pandemic. The European Commission has temporarily made the export of certain medical gadgets, such as personal protective equipment (PPE) and other similar protective gear, subject to authorization. Medical device companies that are contractually obligated to supply devices to nations outside of the EU may find this problematic. Norway, Lichtenstein, and Switzerland are exempt from this authorization.

The overall Europe 3D printing medical devices market size has been derived using both primary and secondary sources. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. The process also serves the purpose of obtaining an overview and forecast for the Europe 3D printing medical devices market with respect to all the segments pertaining to the region. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data, as well as to gain more analytical insights into the topic. Participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the Europe 3D printing medical devices market. Companies adopt a few strategies, such as mergers and acquisitions and market initiatives, which promotes market growth. EOS GmbH Electro Optical Systems; Renishaw PLC; Stratasys Ltd.; 3D Systems, Inc.; EnvisionTech, Inc.; Concept Laser Gmbh (General Electric); Proadways Group; SLM Solution Group AG; 3T RPD Ltd.; and CELLINK are among the key players operating in the market in this region.

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