The 3D-printed medical devices market is expected to grow at a CAGR of 16.3% between 2021 and 2026, from USD 2.4 billion to USD 5.1 billion. The prevalence of dental and orthopaedic diseases, the ease of 3D printing custom medical products, the availability of advanced 3D printing materials for dental and medical applications, and the growing demand for 3D-printed products in the cosmetics and pharmaceutical industries are the key factors supporting the growth of the m3D industry.
Other important drivers supporting the market’s expansion are advances in 3D printing, customization and personalization, increased R&D spending, the availability of a huge patient base, and a surge in biomedical applications. High costs connected with 3D printing, as well as increased reimbursement issues and worries about copyright and patents, are also hampering the expansion of 3D printing in the healthcare business. The shortage of experienced personnel is also a problem. Opportunities for market expansion will arise as a result of advances in pharmaceutical applications and the availability of bio-printed tissues and organs in the years to come. There has also been a quick expansion in the client base, an increase in biomedical applications, and a significant increase in R&D efforts for 3D printers in both academia and industry. There has also been a rise in collaborations between academic institutions, hospitals, and businesses.
3D Systems Corporation, Formlabs Inc., General Electric, Exone Company, Materialise NV, Oxferd Performance Materials, Inc., Proto Labs, SLM Solutions Group AG, Organovo Holdings Inc., and Stratasys Ltd. are just a few of the well-known companies profiled in this research for their competitive analyses and company profiles.
How will COVID-19 affect sales of medical 3D printing devices around the world?
As hospitals shifted their attention to the COVID-19 pandemic as a result of the outbreak, 3D printing medical device vendors found it more difficult to reach clients in March and the rest of the second quarter of 2020. Ventilators are in high demand as a result of the epidemic. The geographical growth of the 3D-printed medical devices market in 2020 was slightly hampered by the closure of manufacturing facilities as a result of lockdowns and interrupted supply chains. Suppliers such as Stratasys Ltd. helped to alleviate shortages of nasopharyngeal swabs and face shields as demand increased. Nasopharyngeal swabs and face shields are printed in 3D and individually packaged for use in the field.
Review of the Technology Segment
Laser beam melting (SLS, SLM, DMLS, EBM, laminated object manufacturing, and others) and droplet deposition (SLA, continuous liquid interface production (clip), two-photon polymerization (2pp)) are some of the technologies used in the 3D printing of healthcare products, which are segmented by technology (color jet printing and MultiJet printing). 3D printing in healthcare relies heavily on droplet deposition technology because of its broad use in healthcare applications and strong heat and chemical durability. As a result, electron beam melting will be the fastest-growing market category over the next few years.
The issue is that the startup and ongoing operating costs are exorbitant.
Financing constraints may make setting up 3D printing facilities unattainable for small and medium-sized end customers. This is a major issue for the market. After 1–2 years, the ROI for high-resolution 3D printers can only be fulfilled; the cost of a 3D printer for producing craniomaxillofacial implants is roughly USD 3,500–4,000. Installation and use of such devices is extremely complicated for healthcare facilities reliant on federal financing (the procedure of acquiring funds is lengthy for these hospitals). In order to save money, much smaller dentistry and orthopedic practices may opt to use the services of service bureaus or laboratories to produce their products.
Frequently asked questions
- How much is 3D printing in the healthcare market worth?
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