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The ability to build human-specific implants by integrating bioactive cells, drugs, and proteins is booming the 3D printing technology in the medical and pharmaceutical field. 3D printing is an additive manufacturing method in which 3D objects are developed by depositing continuous layers of materials such as plastic, living cells, metal, ceramics, and liquids.
Currently, 3D printing is majorly used in the manufacturing of surgical equipment, medical implants, and complex internal body part replacements. According to the American Academy of Implant Dentistry, a number of people with dental implants in the U.S. have reached 3 million. Also the number is growing by an estimated 500,000 each year thus increasing the demand for dental 3D printed products.
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3D printing devices in the medical field is continuously growing and upgrading for enhancing its effectiveness, speed, and cost efficiency, helping it to drive the global 3D printing medical devices market. Also, growth in bone and musculoskeletal injuries, rising prevalence of cardiovascular as well as neurological disorders are expected to raise the demand for 3D anatomical parts, which is expected to offer a huge opportunity for the global 3D printing medical devices market during the forecast period.
Certain advantages served by 3D printing such as faster manufacturing of complex anatomical parts, advanced precision in manufacturing, simplified manufacturing process, and easy design manipulations are significant factors for the growth of global 3D printing medical devices market.
However, unavailability of 3D printing medical devices in emerging nations, high prices of the 3D printed medical products and implants, limited technical expertise, lack of reimbursement policies, etc., are some of the restraining factors for the growth of the global 3D printing medical devices market.
Some of the major players in the global 3D printing medical devices market are 3T RPD Ltd., Renishaw plc., Concept Laser GmbH, GENERAL ELECTRIC, Arcam AB, EOS GmbH Electro Optical Systems, Materialise, ENVISIONTEC, INC., 3D Systems, Inc., Stratasys Ltd., Cyfuse Biomedical K.K., ORGANOVO HOLDINGS, INC., and others.
· Dental Products
· Cardiovascular Products
· Neurological products
· Orthopedic Products
· Cranio-maxillofacial products
· Fused Deposition Modelling (FDM)
· Selective Laser Sintering (SLS)
· Electron Beam Manufacturing (EBM)
· Binder Jetting
By End User
· Research Centers
· Pharmaceutical & Biotechnology Companies
· North America (USA and Canada)
· Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
· Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
· Latin America (Brazil, Mexico, and Rest of Latin America)
· Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Among the segmentation, dental 3D printed products are high in demand and also hold a larger segment in the global 3D printing medical devices market. Also, cardiovascular and orthopedic products are likely to contribute its share in the global 3D printing medical devices market during the forecast period.
Geographically, the global 3D printing medical devices market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. North America dominated the global 3D printing medical devices market in 2017 owing to an aging population, rising prevalence of cardiovascular diseases, and growth in replacement & implant procedures. Technological advancements in 3D printing technology such as personalized prosthetics, tissue engineering, and bio-printing will further extend the demand for global 3D printing medical devices market during the forecast period.
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