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Regional Analysis & Forecasts:
38% of the market's growth will originate from North America during the forecast period. The US is the key market for the global 3D printing of medical devices market in North America. Market growth in this region will be slower than the growth of the market in regions. The increased demand for personalized or customized medical devices will facilitate the global 3D printing medical devices market growth in North America over the forecast period.
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Company Profiles & Landscape:
The global 3D printing medical devices market is fragmented, and the vendors are deploying growth strategies such as new product launches and advances in technology to compete in the market. Some of the key information on the production, sustainability, and prospects of the leading companies include:
- Autodesk Inc. - The company offers 3D printing medical devices such as Fusion 360.
- EnvisionTEC GmBH - The company offers 3D printing medical devices such as Micro Plus CDLM, Envision One CDLM HT, Vida HD cDLM, and others.
- Formlabs Inc. - The company offers 3D printing medical devices such as Form 3, Form 3L, and Fuse 1.
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Key Market Driver: Qualitative and Quantitative Insights
3D printing technologies are increasingly being used to develop patient-matched (or patient-specific) devices and surgical instrumentation by using a patient's own medical imaging. The nature of additive layer manufacturing in 3D printing enables clinicians to fabricate customized implants with any complex shape or geometric feature. This facilitates the creation of engineered porous structures, tortuous internal channels, and internal support structures that would not be possible using conventional subtractive manufacturing techniques irrespective of costs. However, the use of 3D implants can significantly reduce the cosmetic deformities associated with such surgeries. 3D printing is increasingly being used in the construction of custom joint prostheses. In addition to enhanced patient comfort, 3D printing can be used to develop customized prosthetics that suit and fit the wearer. However, the technology allows customization of the hearing aids as per the unique anatomy of the patient's ear canal while being cost-effective and efficient.
Major Market Challenge: Insights to Optimize Risk-return Trade-off
The high capital costs of 3D printing medical devices are restricting its widespread adoption. The high costs are significantly attributed to the equipment required for 3D printing or outsourced print service contracts and the advanced software used for post-processing. The source of high costs of printing is the proprietary raw materials that 3D printer manufacturers sell at high-profit margins. Furthermore, end-users also must make significant investments in training or hiring skilled personnel to ensure the production of high-quality devices. A clinical 3D printing laboratory requires trained ancillary staff to carry out the actual printing of the model. The time required to produce for most 3D printers, while dependent on the number of layers to be printed, typically ranges from hours to days. This limits the viability of its use in mass manufacturing in certain areas unless several hundred 3D printers are purchased and operated simultaneously. These factors are restricting the widespread adoption of 3D printers.
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- Dental 3D Printing Devices Market by Application and Geography - Forecast and Analysis 2021-2025: The dental 3D printing devices market size has the potential to grow by USD 1.29 billion during 2021-2025, and the market's growth momentum will accelerate at a CAGR of 25.80%. The restorative dentistry segment will account for the highest growth in the dental 3D printing devices market because of the increasing prevalence of dental diseases and the growing demand for restorative dental devices. Find More Research Insights Here
- 3D Printing Market in the Healthcare Industry Market by Technology, Application, and Geography - Forecast and Analysis 2021-2025: The 3D printing market in the healthcare industry value is projected to grow by $ 2.53 bn at a CAGR of 18% during 2021-2025. Furthermore, this report extensively covers market segmentation by Technology (Stereolithography, Granular materials binding, and Others), Application (Orthopedic and spinal, Dental, Hearing aids, and Others), and Geography (North America, Europe, Asia, and ROW). Find More Research Insights Here
Global 3D Printing Medical Devices Market Scope |
Report Coverage |
Details |
Page number |
120 |
Base year |
2020 |
Forecast period |
2021-2025 |
Growth momentum & CAGR |
Accelerate at a CAGR of 17.8% |
Market growth 2021-2025 |
$ 2.38 billion |
Market structure |
Fragmented |
YoY growth (%) |
14.00 |
Regional analysis |
North America, Europe, Asia, and ROW |
Performing market contribution |
North America at 38% |
Key consumer countries |
US, Germany, Japan, China, and France |
Competitive landscape |
Leading companies, competitive strategies, consumer engagement scope |
Companies profiled |
3D Systems Corp., Autodesk Inc., EnvisionTEC GmBH, Formlabs Inc., General Electric Co., Materialise NV, Renishaw Plc, SLM Solutions Group AG, Stratasys Ltd., and The ExOne Company |
Market Dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID 19 impact and future consumer dynamics, market condition analysis for the forecast period, |
Customization preview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
Table of Contents
1 Executive Summary
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 01: Parent market
- Exhibit 02: Market characteristics
- 2.2 Value chain analysis
- Exhibit 03: Value Chain Analysis: Healthcare Equipment
3 Market Sizing
- 3.1 Market definition
- Exhibit 04: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 05: Market segments
- 3.4 Market outlook: Forecast for 2020 - 2025
- Exhibit 06: Global - Market size and forecast 2020 - 2025 ($ million)
- Exhibit 07: Global market: Year-over-year growth 2020 - 2025 (%)
4 Five Forces Analysis
- 4.1 Five Forces Summary
- Exhibit 08: Five forces analysis 2020 & 2025
- 4.2 Bargaining power of buyers
- Exhibit 09: Bargaining power of buyers
- 4.3 Bargaining power of suppliers
- Exhibit 10: Bargaining power of suppliers
- 4.4 Threat of new entrants
- Exhibit 11: Threat of new entrants
- 4.5 Threat of substitutes
- Exhibit 12: Threat of substitutes
- 4.6 Threat of rivalry
- Exhibit 13: Threat of rivalry
- 4.7 Market condition
- Exhibit 14: Market condition - Five forces 2020
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 15: Application - Market share 2020-2025 (%)
- 5.2 Comparison by Application
- Exhibit 16: Comparison by Application
- 5.3 Orthopedic and spinal - Market size and forecast 2020-2025
- Exhibit 17: Orthopedic and spinal - Market size and forecast 2020-2025 ($ million)
- Exhibit 18: Orthopedic and spinal - Year-over-year growth 2020-2025 (%)
- 5.4 Dental - Market size and forecast 2020-2025
- Exhibit 19: Dental - Market size and forecast 2020-2025 ($ million)
- Exhibit 20: Dental - Year-over-year growth 2020-2025 (%)
- 5.5 Hearing aids - Market size and forecast 2020-2025
- Exhibit 21: Hearing aids - Market size and forecast 2020-2025 ($ million)
- Exhibit 22: Hearing aids - Year-over-year growth 2020-2025 (%)
- 5.6 Others - Market size and forecast 2020-2025
- Exhibit 23: Others - Market size and forecast 2020-2025 ($ million)
- Exhibit 24: Others - Year-over-year growth 2020-2025 (%)
- 5.7 Market opportunity by Application
- Exhibit 25: Market opportunity by Application
6 Customer landscape
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 27: Market share by geography 2020-2025 (%)
- 7.2 Geographic comparison
- Exhibit 28: Geographic comparison
- 7.3 North America - Market size and forecast 2020-2025
- Exhibit 29: North America - Market size and forecast 2020-2025 ($ million)
- Exhibit 30: North America - Year-over-year growth 2020-2025 (%)
- 7.4 Europe - Market size and forecast 2020-2025
- Exhibit 31: Europe - Market size and forecast 2020-2025 ($ million)
- Exhibit 32: Europe - Year-over-year growth 2020-2025 (%)
- 7.5 Asia - Market size and forecast 2020-2025
- Exhibit 33: Asia - Market size and forecast 2020-2025 ($ million)
- Exhibit 34: Asia - Year-over-year growth 2020-2025 (%)
- 7.6 ROW - Market size and forecast 2020-2025
- Exhibit 35: ROW - Market size and forecast 2020-2025 ($ million)
- Exhibit 36: ROW - Year-over-year growth 2020-2025 (%)
- 7.7 Key leading countries
- Exhibit 37: Key leading countries
- 7.8 Market opportunity by geography
- Exhibit 38: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.2 Market challenges
- Exhibit 39: Impact of drivers and challenges
9 Vendor Landscape
- 9.2 Vendor landscape
- Exhibit 40: Vendor landscape
- 9.3 Landscape disruption
- Exhibit 41: Landscape disruption
- Exhibit 42: Industry risks
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 43: Vendors covered
- 10.2 Market positioning of vendors
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