The 3D printing medical devices market is projected to reach USD 6.9 Billion in 2028 from USD 2.7 billion in 2022 with a CAGR of 17.1% during the forecast period. Due to Technological advancements, the cost-effectiveness of 3D printing devices, the availability of customization, and the capability of these valuable products used in industries such as healthcare, where patient-specific medical devices and prosthetics can be manufactured with precision and Sustainability, and waste reduction the market is witnessing the highest growth.
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Key Market Players
key players operating in the 3D Printing medical devices market are Stratasys Ltd. (Israel), EnvisionTEC (US), 3D Systems, Inc. (US), EOS (US), Renishaw plc (UK), Materialise (Belgium), 3T Additive Manufacturing Ltd. (US), GENERAL ELECTRIC COMPANY (US), Carbon, Inc. (US), Prodways Group (France)among
Stratasys Ltd. was founded in 1989 and is headquartered in Eden Prairie, Minnesota, USA. The company has a strong presence in the 3D printing industry and offers a wide range of additive manufacturing solutions, including 3D printers, materials, software, and services. Stratasys serves various industries, including aerospace, automotive, consumer goods, education, healthcare, and more. Its products include 3D printing systems, consumable materials, and software.
3D Systems Corporation was founded in 1986 and is headquartered in Rock Hill, South Carolina, USA. The company is one of the pioneers in the field of 3D printing and offers a broad portfolio of 3D printers, materials, software, and services. 3D Systems serves a wide range of industries, including aerospace, automotive, consumer goods, healthcare, and more.
3D Systems uses various 3D printing technologies—stereolithography (SLA), selective laser sintering (SLS), film-transfer imaging (FTI), ColorJet Printing (CJP), multi-jet printing (MJP), direct metal printing (DMP), and plastic-jet printing (PJP). Accura, DuraForm, LaserForm, CastForm, LaserForm, and VisiJet are a few of the notable 3D printing material brands of 3D Systems.
Desktop Metal, Inc. was founded in 2015 and is headquartered in Burlington, Massachusetts, USA. The company focuses on developing and commercializing metal 3D printing systems, offering a range of innovative solutions for various industries. Desktop Metal aims to make metal 3D printing more accessible and cost-effective through its proprietary technologies.
Materialise is a provider of AM software solutions and complex 3D plastic printing services for industries such as healthcare, industrial manufacturing, aerospace, automotive, art and architecture, and consumer goods. The company operates through 3 business segments—Materialise Manufacturing, Materialise Medical, and Materialise Software. It employs technologies such as SLS, SLA, FDM, multi-jet modeling, and vacuum casting.
Renishaw is a scientific technology and engineering company specializing in precision management and healthcare. It has a wide range of products and services, ranging from wind turbine manufacturing and jet engines to brain surgery and dentistry.
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North America to dominate the 3D Printing medical devices market.
North America’s 3D printing medical devices market is anticipated to register the highest growth over the forecast period of 2023 to 2028. North America accounted for the largest share of 45.5% of the total 3D printing medical devices market in 2023. This market is projected to reach USD 2,720.6 million by 2028 from USD 1,244.0 million in 2023, at a CAGR of 16.9% during the forecast period.
Asia Pacific is witnessed to grow with the highest CAGR of 18.5% during the forecast period. There is an increasing awareness and acceptance of 3D printing in the healthcare industry across the Asia Pacific region.
Recent Developments
- In Feb 2023 Stratasys Ltd launched TrueDent resin, which is used in labs for the application in dental structure shades.
- In May 2023 CELLINK launched Lumen X a new benchtop DLP bioprinter.
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