Global 3D Printing Medical Device Market 2018 Research In-Depth Analysis, Applications, Forecasts To 2024

The report defines the global 3D printing in the medical device manufacturing as the process of that creates a three-dimensional object by building successive layers of solid objects from a digital file. 3D is a common type of additive manufacturing that plays a crucial role in the medical and dental device manufacturing. In this system, each new layer is attached to the previous one until the object is complete. Medical devices produced by 3D printing include Medical Implant, Surgical Instrument, orthopedic and cranial implants, and dental restorations.

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Easy development of customized medical products using 3D printing drives the growth of the 3D printing medical device market. Manufacturing of medical devices is an expensive process that required high precision. 3D printing enables the production of the medical and dental device for complex geometries at a commercially viable cost. It allows the mass customization of medical instruments and implants. It is a very cost-effective, efficient and customizable option for the medical devices industry for devices including dental implants, hearing aids, and prostheses. It is also used for creating patient-specific organ models that surgeons can use it for practice before performing complicated operations.

Various factors contribute in the growth of 3D printing medical devices including rapidly changing in medical practice, development of new medical procedures, improvements in existing procedures and growing demand of new and improved medical devices and diagnostics procedure. The growing acceptance and favorable government policies are anticipated to boost the demand for 3D printing in medical device manufacturing.

Market Segmented by Type

On the basis of Technology, the global 3D printing of medical device market is segmented into Electron Beam Melting, Selective Laser Melting, Photopolymerization, Direct Metal Laser Sintering, Laminated Object Manufacturing, and Laser Beam Melting.

Electron beam melting is the process of 3D printing used in the printing of metal parts. In this process, the electric beam selectively metaled the thin layer of metal. This powder is then deposited in the form of thin layers to create the model. The electron beam is managed by the electromagnetic coils that provide extremely fast and accurate beam control. This electronic beam melting fabrication process provides robust, solid, high-quality metal structures in the medical devices applications. On the other hand, the selective laser melting is similar to laser melting but working with a laser instead of an electron beam. In addition, the growing demand for laser and electric beam melting processes drive the growth of these segment in the 3D printing of the medical device market.

Market Segmented by Applications

The report highlighted by applications of 3D printing in the medical device market into Surgical Guide, Medical Implant, Surgical Instrument, Bioengineering. Among these applications, Medical Implant, and Surgical Instrument applications hold significant market shares.

Food and Drug Administration (FDA) has approved more than 20 different implants ranging from cranial implants to hip, knee, and spinal implants approved with the help of several 3D printing technologies. The 3D printing offers cost-efficient production alternative to the conventional casting of medical implants that drives the growth of medical implants in the 3D printing in the medical devices market.

Market Segmented by End User

Global 3D printing of the medical device market by End User is segregated into Medical and Surgical Centers, Pharma and Biotech Companies, Academic Institutions. The rapidly growing demand for 3D printing devices from the medical and surgical centers are driving the growth of 3D Printing Medical Devices Market worldwide.

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Regional Analysis

The market analysis of 3D motion capture covers major geographic regions, such as North America, Europe, Asia-Pacific and Rest of the World (RoW). Among these geographies, North America holds the maximum shares in the 3d printing market followed by Europe. Various factors are responsible for the growth of the North America 3D Printing Medical Device market that includes ongoing technological advancements and developed healthcare infrastructure. Moreover, research and development initiatives by US government and the presence of some of the world’s leading players are also anticipated to offer prominent opportunities for the growth of the 3D printing medical device market in forthcoming years.

Asia Pacific is expected to grow with the highest CAGR in the global 3D printing of medical device market owing to the growing healthcare infrastructure, rising demand for cost-effective medical implants and others.

Competitive Landscape

The key companies in the global 3D printing medical device market include 3D Systems Corporation, EnvisonTec, Stratasys Ltd, Arcam AB, Cyfuse Biomedical KK, Organovo Holdings, EOS GmbH, FabRx Ltd., Materialise NV, and Concept Laser. Rapid technological developments in the 3D printing enable start-ups to provide better and efficient solutions to the consumers. On the other hand, the dominating players in this market focusing on the acquisition of these new startups that will further help them to increase their product portfolio.

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