North America 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 Bioma

North America 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, Retra

The North America 3D printing medical devices market is expected to grow from US$ 848.0 million in 2021 to US$ 2,672.9 million by 2028; it is estimated to register a CAGR of 17.8% from 2021 to 2028. 3D printers are used to manufacture various medical devices, including those with complex geometry or features that match a patient’s unique anatomy. A few devices are printed from a standard design, and then multiple identical copies of the same device are made. Patient-matched or patient-specific devices are created from the patient-specific imaging data. The technology used for 3D printing depends on many factors, including the intended use of printed products and the simplicity of the printer. Powder bed fusion is the most common technology used for the 3D printing of medical devices. This technique is compatible with several materials used in medical devices, such as titanium and nylon. With 3D printing, creating patient-specific, tactile reference models from CT scans and MRI is affordable and simple. These models provide an additional perspective that helps physicians better prepare for surgeries, resulting in drastically reduced time and cost of a medical procedure performed inside an operating room. This may benefit patients through greater satisfaction, lowered anxiety, and shortened recovery time. In addition to this, the launch of new biocompatible medical 3D printing materials helps develop new surgical tools and techniques to improve the clinical experience during surgeries. The tools that can be printed using 3D printing techniques include sterilizable fixation trays, contouring templates, and implant sizing models. It can be used to size implants in the operating room before the first cut, allowing surgeons to save time and improve accuracy during complex procedures.

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.

The ongoing COVID-19 outbreak has highlighted the importance of 3D printing in addressing crucial shortages in the medical product supply chain. The 3D-printing industry is currently focused on the US and Western European countries. In early March 2020, the medical community in the US faced significant shortages of personal protective equipment (PPE), PPE attachments, and medical instruments required to treat COVID-19 patients. Individuals and businesses in the US designed and manufactured additively built PPE, PPE attachments, and medical gadgets to fulfill the needs of the healthcare community. As hospitals focused on the COVID-19 pandemic, access to clients to sell and implement 3D printing medical devices decreased in March 2020 and during the second quarter of 2020. The shutdown of manufacturing facilities due to lockdowns and interruptions in supply chains had a minor impact on the geographical growth of the 3D printing medical devices market in 2020. Established vendors recovered due to the increasing demand and helped reduce crucial shortages of nasopharyngeal swabs and face shields.

The overall North America 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 North America 3D printing medical devices market with respect to all the market segments. Also, multiple primary interviews have been conducted with industry participants and commentators to validate the data and 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 North America 3D printing medical devices market. Companies adopt a few strategies, such as mergers, acquisitions, and market initiatives, which promote 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; and CELLINK are among the key players operating in the market in this region.

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