3D Printing Medical Devices Market

3D Printing Medical Devices Market: Useful Analysis from Healthcare Market Experts

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3D printing is a process that creates a three-dimensional object by building successive layers of raw material. Each new layer is attached to the previous one until the object is complete. In the healthcare industry, the 3D printing process is used in a wide range of applications, such as producing dental crowns and bridges; developing prototypes; and manufacturing surgical guides, implants, and hearing aid devices.

The 3D printing market is witnessing a new phase of technological developments, with the launch of technologically advanced products. In June 2017, 3D Systems (US) launched the Simbionix SPINE Mentor, a hands-on simulated training tool for minimally invasive surgical procedures.

The Simbionix SPINE Mentor is a combination of medical tools and 3D printing to develop hybrid spinal surgery training solutions. Moreover, companies are also focusing on launching planning systems using 3D printing with the aim to enhance medical surgery procedures.

Moreover, launching innovative products in the market helps companies gain a competitive advantage and drive the uptake of their products.

The 3D Printing Medical Devices Market is projected to grow from an estimated USD 0.84 billion in 2017 to USD 1.88 billion by 2022, at a CAGR of 17.5% during the forecast period.

3D Printing Medical Devices Market

In recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry. In June 2017, the government of Quebec, Canada contributed around USD 2.299 million to establish a medical 3D printer center in Quebec.

This medical center provides point-of-care 3D printing services for developing customized prosthesis.  Thus, increasing research and funding activities are expected to boost the development of 3D printing products and technologies, thereby driving the growth of the 3D printing medical devices market.

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3D printing techniques have empowered medical practitioners, researchers, and medical device manufacturers due to their use in dental & orthodontic treatments, orthopedic implants, tissue engineering, and drug development.

Among all the healthcare applications, 3D printing is highly successful in dental practices, prosthetics, and hearing aids as this technology is not only cost-effective but also provides a high degree of customization as per individual needs. Thus, the increasing adoption of 3D printing across various healthcare industries is driving the market growth.

Technological advancements in 3D printing, increasing public-private funding for 3D printing activities, and growing applications of 3D printing in the healthcare industry are the major drivers for the market.

The increasing adoption of direct digital manufacturing and expiry of key patents of 3D printed products contributes to the growth of the global 3D printing medical devices market, across the globe. Furthermore, with the growing applications of 3D printing in the healthcare industry, surgeons have started using 3D printing in a number of surgical procedures.

For instance, in January 2016, surgeons at the Guy’s and St Thomas’ NHS Foundation Trust (U.K.) used 3D printing for supporting the successful transplantation of an adult kidney into a child. Likewise, in June 2015, an Australian maxillofacial surgeon collaborated with the Melbourne University and 3D Medical Limited (Australia), to implant a 3D-printed titanium prosthetic jaw in a patient.

Related: Dental Implant And Prosthetic Manufacturers To Boost Dental Biomaterials
Related: Medical Holography: New Technologies Transforming The Healthcare And Pharmaceutical Business

Tissue engineering products

Tissue engineering involves the growth of new organs or connective tissues from a Collagen scaffold or cells to develop a functional organ for implantation. The market for this segment is mainly driven by the rising patient pool, growing ageing population, increasing demands for ligaments and tendon scaffolds, and a rising number of injury cases.

Surgical Guides

Patient-specific surgical guides are built to fit the specific shape of bones using drill sleeves and slits to enhance surgical accuracy and safety. The increasing use of the digitally-driven process for accurate surgical planning is the key factor contributing to its market growth.

Surgical Instruments

3D printing technologies in the medical field have been used to craft a variety of surgical tools that can be affordably tailored to match particular surgeon or patient preferences. These instruments are made using metals that are sterilizable, biocompatible, and non-toxic, and do not cause allergic reactions or shed particles. The market for this segment is mainly driven by increasing awareness among people about 3D printed products, rapid production rate, and cost benefits.

Prosthetics & Implants

3D printing is used on a large scale in manufacturing highly customizable prosthetics and implants out of a variety of materials, including biological material (such as skin and bone), plastic, ceramics, and metals. Growing demand for implants, rising ageing population, and faster replacement time are driving market growth in this segment.

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Photopolymerization

Photopolymerization is the most widely adopted technology in the 3D printing process; however, there are several alternative technologies that can be used in this process. Droplet Deposition (DD) or Extrusion based Technologies, Laser Beam Melting, Electron Beam Melting, and Three Dimensional Printing (3DP) or Adhesion Bonding or Binder Jetting are few such alternatives that are considered in different cases.

Laser beam melting is a rapidly growing 3D printing technology that allows the fabrication of complex, multifunctional metal or alloy parts by the CAD-directed melting of precursor powder beds using a laser as the source of energy. It is the best-suited technology for the production of small parts, such as dental copings and hybrid parts of machines for minimally invasive surgery, due to its high accuracy.

On the other hand, electron beam melting is a new technology process and has various advantages over other technologies. With a high melting rate, it is suitable for manufacturing oxygen-sensitive metals such as titanium and is free from oxidation issues as it takes place under vacuum. Thus, in the near future, EBM may be the fastest-growing platform for 3D printing due to its higher energy density and scanning method with low operating costs.

Geographical Region Covered

In 2016, North America accounted for the largest share of the market due to factors such as increasing government initiatives and rising demand for organ transplants. However, the Asia-Pacific region is expected to register the highest CAGR during the forecast period.

The establishment of new 3D printing research, training, and education centers, and rising efforts by leading market players for expanding their distribution networks in emerging Asian countries are factors propelling the growth of the 3D printing medical devices market in Asia-Pacific.

3D Printing Medical Devices Market

Leading Companies in 3D Printing Medical Devices Market

Major players in 3D printing medical devices market include Stratasys, Ltd. (Israel & US), 3D Systems Corporation (US), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), EOS GmbH (Germany), Arcam AB (Sweden), Concept Laser GmbH (Germany), Renishaw plc (UK), Prodways Group (France), and 3T RPD Ltd. (UK).

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