Medical 3D Printing Market to Reach $9.6 Billion By 2030. CAGR is 18.3%. Medical 3D-printing technology is a vital tool for healthcare professionals to understand anatomical and pathological functions within clinical and therapeutic environments. Dental implants, surgical instruments, and prosthetics are all produced using 3D printing. To create 3D printed objects, the 3D printing method involves depositing successive layers, such as ceramics or plastics. These models are used by hospitals and point-of care organizations to prepare for treatment and help patients understand complex medical concepts.
The market is expected to grow significantly due to the adoption of computer-aided designing (CAD)/computer assisted manufacturing (CAM) technology and the growing demand for 3D-printed artificial organs. However, the less accuracy and repeatability of 3D printing than traditional methods pose a major challenge to the market’s growth.
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Key Players
Key players in the medical 3D-printing market include Stratasys Ltd., (Israel and U.S.), 3D Systems Corporation, (U.S.), Desktop Metal, Inc., (U.S.), General Electric Company, (U.S.), Materialise NV, (Belgium), Renishaw plc, (U.K.), Autodesk Inc., (U.S.), SLM Solutions Group AG, (Germany), Proto Labs, Inc. (Italy).
3D Printing Technology Advancements Boosters The Medical 3D Printing Industry is Growing
The 3D printing technology has simplified the process of creating physical models in various sizes, generating complex structures and customizing projects, which were previously difficult to produce with traditional manufacturing techniques.
The expansion of the 3D medical printing industry has been greatly aided by the development of CAD/CAS software. The use of 3D imaging systems to design the jaw and oral structure has reduced the amount of time that it takes for patients to receive new aligners. Orthodontists now have the ability to upload case files immediately to the manufacturer, and then modify the design using 3D imaging software and treatment management solutions.
Future Outlook for the Medical 3D printing Market
The market for medical 3D printers is segmented by Product [Medical 3D printing systems (3D Bioprinters, 3D Printers), Material [Polymers (Photopolymers, Thermoplastics, and Other Polymers}, Metals, Ceramics (Zirconia, Alumina, and Other Ceramics), Composites, Other Materials]Applications, Software and Services [Dental Applications (Crowns, Bridges and Dentures, Orthodontic Devices, Surgical Guides & Implants, Other Dental Applications), Orthopedic Application [Orthopedic Implants (Acetabular Cup Implants, Cranio-maxillofacial (CMF) Implants, Bone and Cartilage Scaffolds, Ligament and Tendon Scaffolds, and Other Orthopedic Implants), Surgical Guides, Medical Prosthetics [Hearing Aids, Prosthetic Fairings, Prosthetic Limbs]Surgical Instruments [Surgical Cutting Guides, Drill Guides, Bespoke Tools, Bio-Medical Scaffold Systems]Clinical Study Devices [Drug Discovery and Development, Anatomical Models]’Tissue Engineering and Other Applications] Technology [Laser Beam Melting (Selective Laser Melting (SLM)/ Metal 3D printing, Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS)), Droplet Deposition {Fused Deposition Modeling (FDM), Low-temperature Deposition Manufacturing, Fused Filament Fabrication (FFF), Multiphase Jet Solidification (MJS)), Photopolymerization (Stereolithography (SLA), Digital Light Processing (DLP), Continuous Liquid Interface Production (CLIP), Two-photo Polymerization), Electronic Beam Melting (EBM), and other technology)]End User [Hospitals and Surgical Centers, Medical Device Companies, Dental Laboratories, Pharmaceutical and Biotechnology Companies, Academic and Research Institutes] The study also evaluates industry competitors and analyzes the market at regional and country levels. The study evaluates and analyses the market on a regional and country level.
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Based on product, in 2023, the medical 3D printer segment is expected to account for the largest share of the medical 3D printing market. This segment’s large market share is due to the increased adoption of 3D printers for medical applications and its benefits, including improved success rates in surgery and reduced recovery times.
Based on the application In 2023, it is anticipated that the dental applications will account for the majority of the market. Dental applications have been impacted by 3D printers, which allow dentists and their staff to adopt digital workflows. This has improved practice efficiency as well as patient outcomes. 3D printing technology is used for the production of aligners, dentures, dental models and replicas, crowns, bridges and implants. This can be done in a highly accurate, rapid and cost-effective manner. These benefits are driving the adoption of 3D-printing technology in dental applications. This segment has a large market share.
Based on technology In 2023, it is anticipated that the laser beam melting segment will account for the majority of the market share in medical 3D printing. This technology uses an energy beam focused by a laser as a heat source. It is fast and accurate for many materials that are used in 3D medical printing. This segment has a large market share due to its benefits.
Depending on the end-user In 2023, it is anticipated that the segment of hospitals and surgical centres will account for the majority of the market share in medical 3D printing. The use of 3D technology in surgery allows medical professionals to reduce the time and effort required for surgery while improving surgical outcomes. The demand for 3D medical printing is driven by an expansion of 3D labs that are currently operating and the accessibility of 3D services.
Geographic Review
This research report analyzes major geographies and provides a comprehensive analysis of North America (U.S. and Canada), Europe (Germany, France, U.K., Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), Latin America, and the Middle East & Africa. North America will account for the majority of the market share in 2023. Europe and Asia-Pacific are expected to follow. In 2023, it is also expected that the U.S. will be the biggest market share holder in North America. The U.S. market is expected to grow due to its highly developed healthcare infrastructure and the presence of 3D Systems Corporation and Stratasys Ltd.
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Report answers key questions
- Which market segments are experiencing the highest growth in terms of product, technologies, applications, and regions/countries?
- What is the market size of medical 3D printing around the world?
- What are the market forecasts and estimates for the period 2023–2030?
- What are the high-growth regions and countries?
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