3D Printed Medical Devices Global Market To Reach Value Of About $3 Billion In 2025
24 Nov, 2021
Global 3D Printed Medical Devices Market Size And Drivers:
The global 3D printed medical devices market is expected to grow from $1.33 billion in 2020 to $1.49 billion in 2021 at a compound annual growth rate (CAGR) of 12%. The growth is mainly due to the companies resuming their operations and adapting to the new normal while recovering from the COVID-19 impact, which had earlier led to restrictive containment measures involving social distancing, remote working, and the closure of commercial activities that resulted in operational challenges. The 3D printed medical devices market is expected to reach $2.78 billion in 2025 at a CAGR of 16.9%. Increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the growth of the 3D printed medical devices market.
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Trends In The Global 3D Printed Medical Devices Market
The increasing use of 3D printing technology in the spine industry is one of the latest trends in the 3D printing medical devices market. The spine industry is adopting 3D printing to produce new innovative products that can promote bone ingrowth and improve implant fixation to spine bone, reduce the number of manufacturing steps, thereby making the 3D printing process more cost-effective in several cases. For instance, Medtronic launched its titanium 3D printed platform – TiONIC Technology. TiONIC Technology is a 3D printed technique that uses laser methods to create implants with enhanced surface textures. Artic-L is the first implant created by the company using TiONIC Technology. The implant is made up of titanium and designed to be used by surgeons in spine surgery. Addition to that, K2M’s Lamellar, introduced its 3D Titanium Technology to create 3D spinal implant. The 3D printing medical device using titanium technology uses an advanced 3D printing method to create structures that were once considered impractical with traditional manufacturing techniques. The implants use titanium powder and are associated with bone growth activity.
Global 3D Printed Medical Devices Market Segments:
The global 3D printed medical devices market is further segmented –
By Type: Implants, Surgical Instruments, Prosthetics, Tissue Engineering Devices, Others
By Application: Orthopedic, Spinal, Dental, Hearing Aids, Other
By Technology: Fused Deposition Modelling, Digital Light Processing, Stereolithography, Selective Laser Melting
By Raw Material: Plastics, Biomaterial Inks, Metals And Alloys
By End User: Hospitals, Diagnostics Centers, Academic Institutions, Others
By Geography: The global 3D printed medical devices market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa.
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https://www.thebusinessresearchcompany.com/report/3d-printed-medical-devices-global-market-report3D Printed Medical Devices Global Market Report 2021 is one of a series of new reports from that provides 3D printed medical devices market overviews, analyzes and forecasts market size and growth for the global 3D printed medical devices market, 3D printed medical devices market share, 3D printed medical devices market players, 3D printed medical devices market segments and geographies, 3D printed medical devices market’s leading competitors’ revenues, profiles and market shares. The 3D printed medical devices market report identifies top countries and segments for opportunities and strategies based on market trends and leading competitors’ approaches.