3D Printed Medical Devices & Implants Market Size, Industry Analysis Report, Regional Outlook, Application Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026
Report ID: GMI4104
3D Printed Medical Devices & Implants market size is expected to grow significantly from 2019 to 2025.
3D printed medical devices & implants market is primarily driven by growing demand for customized 3D printed devices and implants. Rising investments in R&D have enabled amalgamation of advanced technology within the devices thus, offering several opportunities for industry growth. Technological advancements in 3D printing will further stimulate the 3D printed medical devices & implants business growth.
Moreover, focus of industry players on effective generation of standard and complicated customized medical implants and devices will serve to be positive impact rendering factor in the market growth. Growing awareness pertaining to availability of advanced solutions in the healthcare industry coupled with adoption of innovative technologies will thus, spur the 3D printed medical devices & implants market size. However, high cost associated with 3D printed devices and medical implants may impede business growth over the forecast period.
Software segment accounted for considerable revenue share in 2018 and will witness significant growth over the analysis timeline. Increasing investments in development of software solutions to manufacture high quality 3D printed medical devices and implants will drive the segment growth. Growing need for personalized and economical 3D printed devices will thus, surge the demand for advanced 3D printing software solutions.
Dental segment is projected to witness lucrative growth during the analysis timeframe. Segment growth is attributed to availability of affordable, customized and technological products in dentistry. Focus of companies on creation of 3D printed implants, crowns, bridges, as well as surgery and rental restorations offer significant growth opportunities, thus, proving beneficial for the segment growth.
Surgical centers segment held substantial revenue share in 2018 and is estimated to witness robust growth over the coming years. Growing preference for personalized medical care will surge the demand for customized medical devices and implants based on individual needs. Moreover, ability of 3D printed devices to minimize complications during intricate surgical procedures, risk of infection as well as duration of anesthesia exposure will favor segment growth. Thus, adoption of 3D printing technology in surgical centers for early patient recovery and shorter hospital stay will drive segment growth during the forecast timeframe.
North America 3D printed medical devices & implants market held significant revenue share in 2018 and will show similar trend over the forecast period. Awareness among people regarding availability of technologically advanced products coupled with increasing healthcare expenditure in the region will augment the business growth. Well-developed healthcare facilities and strong foothold of key industry players will foster regional business growth.
Some of the prominent players operating in 3D printed medical devices & implants market include Aspect Biosystems, 3D Bioprinting Solutions, Stratasys, Cyfuse Biomedical, BioBots, Materialise, Formlabs, Medprin, Rokit and Organovo. Industry players are focusing their efforts on novel product launches and strategic alliance such as mergers and acquisitions to gain more revenue and maintain market position.
3D Printed Medical Devices & Implants Market, By Component, 2014-2025 (USD Million)
3D Printed Medical Devices & Implants Market, By Technology, 2014-2025 (USD Million)
- Laser beam melting (LBM)
- Electronic beam melting (EBM)
- Droplet deposition
3D Printed Medical Devices & Implants Market, By Application, 2014-2025 (USD Million)
3D Printed Medical Devices & Implants Market, By End-use, 2014-2025 (USD Million)
- Pharmaceutical and biopharmaceutical companies
- Academic institutions
- Surgical centers
The above information is provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Abbott Laboratories
- Danaher Corporation
- DIALAB GmbH
- Diazyme Laboratories
- F. Hoffmann-la Roche Ltd
- Pointe Scientific
- Randox Laboratories
- Sentinel Diagnostics
- Siemens Healthineers
- Thermo Fisher Scientific
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