Market Size of 3D Printed Medical Devices Industry
Study Period | 2019 - 2029 |
Market Size (2024) | USD 3.98 Billion |
Market Size (2029) | USD 8.47 Billion |
CAGR (2024 - 2029) | 16.32 % |
Fastest Growing Market | Asia Pacific |
Largest Market | North America |
Major Players*Disclaimer: Major Players sorted in no particular order |
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3D Printed Medical Devices Market Analysis
The 3D Printed Medical Devices Market size is estimated at USD 3.98 billion in 2024, and is expected to reach USD 8.47 billion by 2029, growing at a CAGR of 16.32% during the forecast period (2024-2029).
- As per the Organ Procurement and Transplantation Network (OPTN), in 2018, around 27,281 organ implantations were performed in the United States. Further, over 120,000 people in the country were waiting for an organ transplant by the end of 2018. This shortage could likely be reduced by using 3D bioprinting. The 3D bioprinting method deposits 'bioink,' droplets of living cells or biomaterials, onto a substrate according to digital instructions to reproduce human tissues or organs.
- Moreover, this technology is providing the benefits of personalized treatments at an affordable price to the patients. For instance, 3D printed skin are incorporated on the body of a burnt victim. By using bio-printed skins, doctors minimize the need for skin grafting surgeries. Thus, by applying 3D bio-printed skin, doctors can transfer healthy skin cells to those injury parts, thus making the treatment faster and easier.
- All the above factors are expected to contribute significantly toward the growth of the market. However, securing approval from regulators might impede the widespread medical application of 3D printing during the forecast period.
3D Printed Medical Devices Industry Segmentation
3D printing is a method that creates a three-dimensional object by building consecutive layers of raw material. Through this, the manufacturers can create patient-specific devices or devices with very complicated internal structures. Some of the medical devices produced by 3D printing include dental restorations such as crowns, and external prosthetics, surgical instruments and orthopedic and cranial implants. Also, 3D printing enables doctors to work faster, shorten patient theatre time, and improve operation results.
By Offerings | |
Hardware | |
Software |
By Type | |
Surgical Guides | |
Surgical Instruments | |
Prosthetics and Implants | |
Tissue Engineering Products |
By Materials | |
Plastics | |
Metal & Metal Alloy Powders | |
Others |
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3D Printed Medical Devices Market Size Summary
The 3D printed medical devices software market is poised for substantial growth, driven by advancements in technology that enable the creation of customized medical products and equipment. This innovation allows for the production of bespoke prosthetics and implants, which enhance surgical outcomes and patient recovery. The ability to create tailored solutions, such as 3D-printed titanium skull implants and bio-printed skin for burn victims, underscores the transformative potential of this technology in personalized medicine. Despite regulatory challenges, the market is expected to expand significantly, with increasing adoption in healthcare settings worldwide. The United States, known for its high-quality medical devices and robust research and development investments, is a key player in this market, with ongoing regulatory support from entities like the FDA to foster innovation and ensure safety.
Globally, the demand for 3D printed medical devices is further fueled by demographic shifts and healthcare initiatives, such as those in the UAE aimed at enhancing geriatric care and medical tourism. The market's competitive landscape is characterized by the presence of innovative startups and established companies like Materialise NV and 3D Systems Corporation, which are actively developing new solutions to meet evolving healthcare needs. Recent developments, such as portable training simulators and advanced dental device production systems, highlight the industry's commitment to improving medical practices and patient outcomes. As interest in 3D printing technology grows among hospitals and surgical centers, the market is expected to witness significant adoption, offering lucrative opportunities for investors and stakeholders.
3D Printed Medical Devices Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Introduction to Market Drivers and Restraints
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1.3 Market Drivers
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1.3.1 Easy Development of Customized Medical Products Using 3D Printing
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1.3.2 Growing Demand for Organ Transplant
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1.4 Market Restraints
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1.4.1 Stringent Regulatory Process for the Approval of 3D-Printed Medical Devices
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1.5 Industry Value Chain Analysis
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1.6 Industry Attractiveness - Porter's Five Force Analysis
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1.6.1 Threat of New Entrants
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1.6.2 Bargaining Power of Buyers/Consumers
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1.6.3 Bargaining Power of Suppliers
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1.6.4 Threat of Substitute Products
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1.6.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Offerings
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2.1.1 Hardware
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2.1.2 Software
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2.2 By Type
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2.2.1 Surgical Guides
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2.2.2 Surgical Instruments
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2.2.3 Prosthetics and Implants
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2.2.4 Tissue Engineering Products
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2.3 By Materials
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2.3.1 Plastics
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2.3.2 Metal & Metal Alloy Powders
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2.3.3 Others
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2.4 Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 Japan
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2.4.3.2 China
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2.4.3.3 India
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2.4.3.4 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 Latin America
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2.4.4.2 Middle-East & Africa
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3D Printed Medical Devices Market Size FAQs
How big is the 3D Printed Medical Devices Market?
The 3D Printed Medical Devices Market size is expected to reach USD 3.98 billion in 2024 and grow at a CAGR of 16.32% to reach USD 8.47 billion by 2029.
What is the current 3D Printed Medical Devices Market size?
In 2024, the 3D Printed Medical Devices Market size is expected to reach USD 3.98 billion.