PUBLISHER: Meticulous Research | PRODUCT CODE: 1518329
PUBLISHER: Meticulous Research | PRODUCT CODE: 1518329
Medical 3D Printing Market Size, Share, Forecast, & Trends Analysis by Product (Printer, Material (Polymers, Metals), Software) Application (Dental, Prosthetic, Surgical) Technology (Laser Beam, Electron Beam Melting), End User-Global Forecast to 2030
The global medical 3D printing market is projected to reach $9.6 billion by 2030 at a CAGR of 18.3% from 2023 to 2030.
Succeeding extensive secondary and primary research and in-depth analysis of the market scenario, the report comprises the analysis of key industry drivers, restraints, challenges, and opportunities. The growth of this market is due to the technological advancements in 3D printing, growing prevalence of dental & orthopedic diseases, developments in healthcare infrastructure, and the rising number of surgical procedures. However, the high costs associated With 3D printing and lack of skilled professionals restrains the growth of this market.
Furthermore, the rising adoption of Computer-Aided Design (CAD)/Computer-Aided Manufacturing (CAM) technologies and increasing demand for artificial 3D-printed organs are expected to generate growth opportunities for the players operating in this market. However, less accuracy and repeatability of 3D printing than traditional methods pose major challenges impacting market growth.
The report offers a competitive landscape based on an extensive assessment of the product portfolio offerings, geographic presences, and key strategic developments adopted by leading market players in the industry over four years (2020-2023). The key players operating in the global medical 3D printing market are 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. (U.S.), Formlabs Inc. (U.S.), and DWS S.r.l. (Italy).
In 2023, according to the report, the medical 3D printer segment is anticipated to hold the dominant share of the medical 3D printing market among all the products analyzed. Medical 3D printing systems enhance the understanding of patient anatomy prior to treatment. The widespread use of medical 3D systems for clinical and research applications in medical settings, and technological advancements in medical 3D printing also support the growth of this market. Furthermore, prices for 3D printers used in medical applications can range from USD 5,000 to USD 50,000, depending on technology complexity, printing process, material requirements, and technological sophistication. Due to the high cost of these systems, this segment's revenue share is higher than that of other products.
Among all the applications studied in this report, in 2023, the dental applications segment is expected to account for the largest share of the medical 3D printing market. The large market share of this segment is attributed to the increasing prevalence of dental disorders, and the consequent rise in the adoption of 3D printing for dental applications. According to the World Health Organization (WHO), in 2022, approximately 3.5 billion people had oral diseases. Additionally, in 2020, about 46% of all U.S. adults aged 30 years had gum disease, and 26% of people had tooth decay or untreated cavities. (Source: Centers for Disease Control and Prevention [CDC]). Therefore, the growing number of dental procedures for treating these conditions contributes to this segment's growth in the medical 3D printing market.
Among all the technologies studied in this report, in 2023, the laser beam melting segment is expected to account for the largest share of the medical 3D printing market. The large market share of this segment can be attributed to the benefits offered by laser beam melting technology. It facilitates the production of parts with nearly full density and accelerates the manufacturing process of 3D parts.
Among all the end users studied in this report, in 2023, the hospitals & surgical centers segment is expected to account for the largest share of the medical 3D printing market. The large market share of this segment can be attributed to the increasing utilization of new technologies by hospitals & surgical centers, the high prevalence of orthopedic & dental diseases, the growing adoption of cutting-edge technologies by medical centers, and the high accessibility to 3D printing services.
An in-depth analysis of the geographical scenario of the global medical 3D printing market provides detailed qualitative and quantitative insights into the five major regions (North America, Europe, Asia-Pacific, Latin America, and the Middle East & Africa), along with the coverage of major countries in each region. In 2023, North America is expected to account for the largest share of the medical 3D Printing market. In the region, in 2023, the U.S. is expected to account for the largest share of the medical 3D printing market. The large share of this regional market is attributed to the rapid adoption of 3D printing technology and the increasing collaborations between academic & research organizations in the region. Moreover, the increasing number of organic and inorganic developments by key players, such as new product launches, product approvals, and acquisitions, is expected to contribute to the growth of this regional market.
Medical 3D Printing Market Assessment-by Product
Note: The other polymers segment includes thermosets, hydrogels, and silicone rubbers.
Note: The other ceramics segment includes calcium phosphate salts, glass ceramics, oxides of magnesium and titanium, leucite-reinforced glass ceramics, lithium silicate ceramics, and silicates.
Note: The other materials segment includes elastomer, paper, wax, resin, sand, and wood.
Medical 3D Printing Market Assessment-by Application
Note: The other dental applications segment includes dental impression trays, try-ins, metal frameworks, veneers, and temporary restorations.
Note: The other orthopedic applications segment includes hip implants, ankle implants, jaw implants, cranial implants, and spinal implants.
Note: The other applications segment includes biosensors or biosensor components and stretchable piezoelectric sensors.
Medical 3D Printing Market Assessment-by Technology
Note: The other technologies segment includes multijet printing (MJP) and color jet printing (CJP).
Medical 3D Printing Market Assessment-by End User
Medical 3D Printing Market Assessment-by Geography