3d Printed Medical Devices Market

3D Printed Medical Devices Market: Orthopaedic Implants Application Segment to Dominate the Market Through 2026: Global Industry Analysis & Opportunity Assessment, 2016 – 2026

3D printed medical devices are state-of-the-art medical devices that involve a process of developing three dimensional solid objects from a digital model. Patient specific treatment is the main advantage of 3D printing technology in the healthcare industry. In the domain of healthcare, 3D printing technology is used to develop medical devices such as dental implants, orthopaedic implants, prosthetics, and hearing aids. Furthermore, hospitals and academic institutes use 3D printing technology to develop various models for training purposes. 3D printed medical devices considered in the report typically use technologies such as stereolithography (SLA), selective layer sintering (SLS), digital light processing (DLP), fused deposition modelling (FDM), polyjet / inkjet 3D printing, and electronic beam melting (EBM).

In terms of revenue, the global 3D printed medical devices market is anticipated to grow at a CAGR of 17.7% during the forecast period and is projected to be valued at US$ 1469.4 million by the end of 2026.

Increasing geriatric population and a rise in the number of accidents is fuelling the global market for 3D printed medical devices

Growth of the global 3D printed medical devices market is principally driven by increasing geriatric population across the globe, thus increasing the risk of diabetes-related gangrene cases, peripheral vascular disease, and osteoarthritis among elderly individuals. Additionally, increasing incidence of accidents due to rapid modernisation, use of fast moving machinery, and increasing prevalence of chronic diseases is expected to fuel market growth over the forecast period. However, relatively low adoption of 3D printing technology and regulatory considerations may hinder the growth of the 3D printed medical devices market over the forecast period. 

Market Segmentation

By Material

By Application

By Technology

By Distribution Channel

By Region

  • Plastics

    • Thermoplastics

    • Photopolymers

  • Biomaterial Inks

    • Polymers

    • Ceramics

    • Hydrogels

  • Metals and Alloys

  • Orthopaedic Implants

  • Dental Implants

  • Cranio-maxillofacial Implants

  • Internal and External Prostheses

  • Stereolithography (SLA) – Liquid

  • Based 3D Printing

  • Selective Laser Sintering (SLS) –Powder Based 3D Printing

  •  Digital Light Processing(DLP)

  • Fused Deposition Modeling (FDM): Plastic Filament Extrusion Based Technology

  • Electronic Beam Melting (EBM)

  • PolyJet / InkJet 3D Printing

  • Hospitals

  • Diagnostic Centers

  • Ambulatory Surgical Centres (ASCs)

  • North America

  • Latin America

  • Western Europe

  • Eastern Europe

  • APEJ

  • Japan

  • Middle East and Africa (MEA)

The plastics segment is expected to remain dominant throughout the forecast period

In terms of revenue share, the plastics material segment dominated the global 3D printed medical devices market in 2015 and is expected to dominate throughout the forecast period. The plastics segment is expected to account for 72.0% market share of the global 3D printed medical devices market in 2016. In terms of value, the biomaterial Inks segment is expected to register the highest CAGR of 20.1 % during the forecast period.

Orthopaedic segment is the largest segment by application

In terms of revenue share, the orthopaedic implants application segment dominated the global 3D printed medical devices market in 2015 and is expected to dominate throughout the forecast period, registering a higher CAGR as compared to other application type segments. The orthopaedic segment is expected to account for 19.9% market share of the global 3D printed medical devices market in 2016.

Polyjet/Inkjet 3D printing to be the dominant segment by technology type

In terms of revenue share, the SLS technology segment dominated the global 3D printed medical devices market in 2015 whereas the polyJet / inkJet 3D printing segment is expected to dominate throughout the forecast period, registering a steady CAGR.

Hospital segment is the largest segment as per the distribution channel segment

In 2016, the hospital segment is estimated to account for the highest market share, expected to reach a value of US$ 862.1 Mn by 2026, and is anticipated to remain the dominant segment during the forecast period.

North America to be the largest market for 3D printed medical devices

In terms of value, North America is expected to be the dominant regional market by 2016 end, and is expected to register a CAGR of 19.2% over the forecast period. Western Europe is expected to be the second fastest growing market registering a CAGR of 18.5% over the forecast period followed by Eastern Europe, APEJ, and Japan.

global 3D printed medical devices market

Key players are focussing on introducing innovative marketing strategies to increase their market share

Some key players in the global 3D printed medical devices market are 3D Systems, Inc., Arcam AB, Stratasys Ltd., FabRx Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Cyfuse Biomedical K.K., and Bio3D Technologies. Increasing mergers and acquisitions and introducing innovative marketing strategies are some of the important steps taken by key market players to increase their consumer base.

The report “3D Printed Medical Devices Market: Global Industry Analysis and Opportunity Assessment, 2016–2026” presents a 10-year forecast for the global 3D printed medical devices market between 2016 and 2026. Our main objective is to offer insights on the advancements in the global 3D printed medical devices market. Our comprehensive study demonstrates market dynamics that are expected to influence the current environment and future status of the global 3D printed medical devices market over the forecast period (2016 – 2026). In this report, we have focussed on market performance and identified the drivers, restraints, and trends likely to influence the global 3D printed medical devices market over the forecast period. We have also provided information on opportunities available for manufacturers and key players operating in the global 3D printed medical devices market.  

Report description

The global 3D printing devices market is segmented on the basis of technology into:

  • Stereolithography (SLA) – Liquid Based 3D Printing
  • Selective Layer Sintering (SLS) – Powder Based 3D Printing
  • Digital Light Processing (DLP)
  • Fused Deposition Modelling (FDM): Plastic Filament Extrusion Based
  • PolyJet / InkJet 3D Printing
  • Electronic Beam Melting (EBM)

The report begins with the market definition, followed by definitions of the different technologies used in 3D printing devices. The market dynamics section includes our in-depth analysis of the key trends, drivers, restraints, opportunities, and macro-economic factors influencing the growth of the global 3D printed medical devices market.

The next section of the report analyses the market on the basis of application and presents a forecast in terms of value for the next 10 years. On the basis of application, the global 3D printed medical devices market is categorised into:

  • Orthopedic Implants
  • Dental Implants
  • Cranio-maxillofacial Implants
  • Internal and External Prostheses

The report also analyses the market on the basis of material used and presents a forecast in terms of value for the next 10 years. On the basis of type of material, the global 3D printed medical devices market is categorised into:

  • Plastics
    • Thermoplastics
    • Photopolymers
  • Biomaterial Inks
    • Polymers
    • Ceramics
    • Hydrogels
  • Metals and Alloys

The report analyses the market on the basis of distribution channel and presents a forecast in terms of value for the next 10 years. On the basis of distribution channel, the global 3D printed medical devices market is categorised into:

  • Hospitals
  • Ambulatory Surgical Centres
  • Diagnostic Centres

Next, the report analyses the market on the basis of region and presents a forecast in terms of value for the next 10 years. On the basis of region, the global 3D printed medical devices market is segmented into:

  • North America
  • Latin America
  • Western Europe
  • Eastern Europe
  • APEJ
  • Japan
  • Middle East & Africa (MEA)

In the final section of the report, a competitive landscape has been included to provide a dashboard view of key companies operating in the global 3D printed medical devices market. This section is primarily designed to provide clients with an objective and detailed comparative assessment of key providers specific to a market segment in the 3D printed medical devices market and the potential players. This section also includes market strategies and SWOT analysis of the main players operational in the global 3D printed medical devices market.

Research methodology

To deduce the market size, the report considers various aspects based on secondary research. The forecast presented in the report assesses total revenue generated and expected revenue contribution by the global 3D printed medical devices market. When developing the market forecast, the report begins with sizing the current market, which forms the basis for market forecasting. Given the characteristics of the market, we have triangulated the data via different analysis based on supply side and demand side drivers and other dynamics of the global 3D printed medical devices market.

It is imperative to note that in an ever-fluctuating global economy, we not only conduct forecasts in terms of CAGR, but also analyse the market on the basis of key parameters such as year-on-year (Y-o-Y) growth to understand the predictability of the market and to identify the right opportunities for market players operating in the global 3D printed medical devices market. Another key feature of this report is the analysis of all key segments in terms of absolute dollar opportunity. This is usually overlooked while forecasting the market. However, absolute dollar opportunity is critical in assessing the level of opportunity that a provider can look to achieve, as well as to identify potential resources from a sales and delivery perspective in the global 3D printed medical devices market. To understand the growth and performance of key segments in the global 3D printed medical devices market, we have developed a market attractiveness index to help providers identify existing market opportunities in the global 3D printed medical devices market.