3D Printed Implants Market Definition And Segments

3D printed implants are artificial devices used to replace a missing or damaged biological structure in the body and are manufactured by laying successive layers of material using inputs from a digital 3D model. The main implantation technologies in 3D printed medical implants are laser beam melting, electronic beam melting, droplet deposition, laminated deposition, and two-photon polymerization. The laser beam melting is a manufacturing process in which 3D components are digitally cut into 2D layers by using a high-performance laser to melt and bond at these points. The various applications include are dental, orthopedic, and craniomaxillofacial that are used by end-users such as medical and surgical centers, pharmaceutical companies, the biotechnology industry, and medical institutions. The 3D printed implants market covered in this report is segmented – 1) By Implantation Technology: Laser Beam Melting, Electronic Beam Melting, Droplet Deposition, Laminated Deposition, Two-photon Polymerization 2) By Application: Dental, Orthopedic, Cranio-maxillofacial 3) By End Users: Medical And Surgical Centers, Pharmaceutical Companies, Biotechnology Industry, Medical Institution The 3D printed implants market size has grown rapidly in recent years. It will grow from $2.67 billion in 2023 to $3.18 billion in 2024 at a compound annual growth rate (CAGR) of 18.9%. The growth in the historic period can be attributed to growth in medical research and development, regulatory approvals, customization and personalization, cost-efficiency and time savings. The 3D printed implants market size is expected to see rapid growth in the next few years. It will grow to $6.38 billion in 2028 at a compound annual growth rate (CAGR) of 19.0%. The growth in the forecast period can be attributed to biocompatible materials innovation, expanded medical applications, remote surgery and telemedicine, global market expansion, patient-specific implant solutions. Major trends in the forecast period include bio-printing and regenerative medicine, material innovations, orthopedic implants dominance, dental applications, collaborations and partnerships, collaborations and partnerships.

Increasing Prevalence Of Medical Conditions In 3D Printed Implants Market

The increasing prevalence of various medical conditions is driving the growth of the 3D printed medical implants market. As the number of people suffering from orthopedic, cardiac, and dental diseases is increasing, the demand for 3D dental crowns, 3D dental bridges, 3D acetabular hip implants, shoulder implants, and various other implants is rising. According to the World Health Organization (WHO), the US had around 65 million people suffering from periodontitis, i.e. Inflammation and infection of the ligaments and bones that support the teeth. This mainly occurred due to the rising prevalence of periodontitis, diabetes-related gangrene, osteoarthritis, and peripheral vascular disease. Similarly, the rise in prevalence of other medical conditions is driving the demand for use of 3D printed medical implants.

Rising Use In Dental Procedures For 3D Printed Implants Market

The rising use in dental procedures is expected to propel the growth of the 3D printed implants market going forward. Dental procedures refer to a wide range of medical treatments and interventions performed by dental professionals, such as dentists and dental hygienists, to diagnose, prevent, or treat various oral health conditions and dental issues. 3D printed implants are used in dental procedures as additive manufacturing for crown and bridge restorations and implants are designed to match the patient's unique dental shape. For instance, in August 2022, according to NHS Digital, a UK-based government agency, dentists performed 24,272 dental activities in the UK for 2021–22, which was an increase of 539 from the previous year. Therefore, the rising use in dental procedures is driving the growth of the 3D printed implants market. Major companies operating in the 3d printed implants market report are Johnson & Johnson, Medtronic PLC, Canon Inc., Siemens Healthineers, Koninklijke Philips N.V., Stryker Corporation, GE Healthcare, Zimmer Biomet Holdings Inc., Bio3D Technologies, Neusoft Medical System, Renishaw PLC, Stratasys Ltd., 3D Systems Corporation, Lima Corporation, Materialise, EOS GmbH Electro Optical Systems, SLM Solutions Group AG, Prodways Group, Arcam AB, EnvisionTEC, axial3D Ltd., Cyfuse Medical, Cyfuse Biomedical K.K., Oxford Performance Materials, Formlabs Inc., FabRx Ltd., 3D LifePrints Ltd., Organovo Holdings Inc., Laser GmbH, 3T RPD Ltd., Xilloc Medical B.V.

Stringent Approval Process For The Growth In The 3D Printed Implants Market

The stringent approval process for the selection of a new material to be used in 3D implants is a time-consuming process that acts as a restraint for the 3D Printed Medical Implants market. 3D Printing requires high-quality materials that should adhere to specific criteria set by regulatory bodies such as US FDA. These regulatory bodies provide procedure guidelines, requirements, and monitor material quality control. For example, the US FDA approved spinal implants made from titanium alloy, but it didn't approve titanium alloy to be used in any other medical device. For each new use of the material, manufacturing companies need to get approval again from regulatory bodies. This causes a lag in the manufacturer's operational cycle and delays the product launch, thus affecting sales and restraining the growth of the 3D printed medical implants market.

Advancements In 3D Printed Implants With Impulse Am

Major companies operating in the 3D printed implant market are innovating new products, such as the Impulse AM, to provide reliable services to customers. Impulse AM is designed for 3D medical implants for better visualization during surgical procedures. For instance, in February 2022, DeGen Medical, Inc., a US-based medical device development company, launched Impulse AM. Impulse AM is a spinal implant made from proprietary titanium Puri-Ti using 3D printing technology. This is the first 3D-printed spinal implant to employ Puri-Ti, a different type of titanium material. Impulse AM allows for the creation of complex geometries and structures that are difficult or impossible to produce with traditional manufacturing methods.

Restor3D, Inc. Acquired Conformis Inc. To Expand In 3D Printed Implants Market

In September 2023, Restor3D Inc., an US-based company that provides surgical and medical instruments, including 3D printed implants, acquired Conformis Inc. for an undisclosed amount. With this acquisition, Restor3D Inc. aims to expand its product offerings, improve its capabilities in 3D printed orthopedic implants, and deliver clinically differentiated and cost-effective solutions to patients. Conformis Inc. is a US-based company specializing in 3D-printed orthopedic implants. North America was the largest region in the 3D printed medical implants market in 2023. Asia-Pacific was the second-largest region in the global 3D printed medical implants market. The regions covered in the 3d printed implants market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3D printed implants market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The 3D printed implants market consists of sales of 3D implants created by technologies such as laser beam melting, electronic beam melting, droplet deposition, laminated deposition, and two-photon polymerization. The market value includes the value of related goods sold by the service provider or included within the service offering. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The 3D printed medical implants market research report is one of a series of new reports from The Business Research Company that provides 3D printed medical implants market statistics, including 3D printed medical implants industry global market size, regional shares, competitors with a 3D printed medical implants market share, detailed 3D printed medical implants market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed medical implants industry. This 3D printed medical implants market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

3D Printed Medical Devices Market Definition And Segments

3D printed medical devices are artificial devices that replace a missing body part or biological structure and are manufactured by laying successive layers of material using inputs from a digital 3D model. The main types of 3D printed medical devices are implants, surgical instruments, prosthetics, tissue engineering devices, and others. 3D-printed implants are medical implants that are made using 3D printing technology to create complex geometries. These are made up of raw materials such as plastics, biomaterial inks, metals and alloys. The technologies involved in 3D printed medical devices are fused deposition modeling, digital light processing, stereolithography, and selective laser melting. These provide applications in orthopedic, spinal, dental, hearing aids, and others that are used by end-users such as hospitals, diagnostics centers, academic institutions, and others. The 3D printed medical devices market covered in this report is segmented – 1) By Type: Implants, Surgical instruments, Prosthetics, Tissue engineering devices, Other Types 2) By Raw Material: Plastics, Biomaterial inks, Metals and Alloys 3) By Technology: Fused Deposition Modelling, Digital Light Processing, Stereolithography, Selective Laser melting 4) By Application: Orthopedic, Spinal, Dental, Hearing Aids, Other Applications 5) By End User: Hospitals, Diagnostics Centers, Academic Institutions, Other End Users The 3D printed medical devices market size has grown exponentially in recent years. It will grow from $3.57 billion in 2023 to $4.44 billion in 2024 at a compound annual growth rate (CAGR) of 24.5%. The growth in the historic period can be attributed to customization and personalization, regulatory approvals and standards, rise in demand for patient-specific solutions, collaborations and partnerships, cost-efficiency and time savings. The 3D printed medical devices market size is expected to see exponential growth in the next few years. It will grow to $12.01 billion in 2028 at a compound annual growth rate (CAGR) of 28.2%. The growth in the forecast period can be attributed to increased accessibility and affordability, widespread adoption of 3d printing in healthcare, remote healthcare and telemedicine integration, focus on sustainable and eco-friendly practices, biocompatible material innovations. Major trends in the forecast period include regulatory adaptation to technological advances, integration of artificial intelligence, technological advancements in 3D printing, point-of-care printing, remote printing and telemedicine.

Increasing Prevalence Of Osteoarthritis In 3D Printed Medical Devices Market

The increasing prevalence of osteoarthritis and similar musculoskeletal conditions is one of the major factors driving the growth of the 3D printed medical devices market. Osteoarthritis is a disorder that damages the joint cartilage and surrounding tissues causing pain, stiffness, and loss of joint function to the person affected by it. 3D printing medical devices enable the creation of a replica of a patient's joint, which can provide surgeons with a crucial piece of information that might not be visible on a 2-dimensional scan. The chance of developing osteoarthritis increases with age. For instance, according to the US National Library of Medicine report, by 2040, it is estimated that approximately 78 million (26%) US adults aged 18 years and above will be projected to have doctor-diagnosed arthritis. Thereby driving the adoption of 3D printed medical devices, positively impacting the market growth.

Rising Prevalence Of Cardiovascular Diseases In 3D Printed Medical Devices Market

The rising prevalence of cardiovascular diseases is expected to propel the growth of the 3D printed medical device market going forward. Cardiovascular diseases (CVDs) refer to a class of diseases that affect the heart and blood vessels, also known as heart diseases or circulatory diseases. 3D printed medical devices are used in cardiovascular diseases for the creation of patient-specific cardiac models based on medical imaging data, such as computed tomography (CT) scans and magnetic resonance imaging (MRI) as treatments. For instance, in October 2022, according to the National Library of Medicine, a US-based agency, by 2035, 45.1% of the US population is projected to have some form of cardiovascular disease. Total costs of cardiovascular diseases are expected to reach $1.1 trillion in 2035. Additionally, in May 2023, according to the World Heart Federation (WHF), a Switzerland-based non-governmental organization, deaths from cardiovascular diseases were 20.5 million in 2021. Therefore, the rising prevalence of cardiovascular diseases is driving the growth of the 3D printed medical device market. Major companies operating in the 3d printed medical devices market report are Siemens AG, General Electric Company, Arcam AB, Hewlett Packard Development Company LP, Adobe Inc., Dassault Systèmes SE, Phidias Technologies, Ansys Inc., Bio3D Technologies Pte Ltd., Renishaw PLC, Stratasys Ltd., Concept Laser GmbH, 3D Systems Corporation, Protolabs Inc., Materialise NV, Groupe Gorgé SA, SLM Solutions Group AG, Carbon Inc., Formlabs Inc., ExOne Company, Envision TEC Inc., Nano Dimension Ltd., Cyfuse Biomedical K.K., EOS GmbH Electro Optical Systems, Oxford Performance Materials Inc., FabRx Ltd., Organovo Holdings Inc., Laser GmbH, 3T RPD Ltd.

Biocompatibility Challenges In 3D Printed Medical Devices Market

Biocompatibility issues related to 3D printed medical devices restrict the growth of the 3D printed medical devices market. Biocompatibility implies the properties that make a material or a device compatible with the human body. If the material used for the preparation of a 3D printed implant device is not compatible with the patients' biomechanics, then patients may suffer side effects such as abnormal growth of bone and bleeding. Among the most common metals used in the manufacturing of 3D printed medical devices is Titanium. Though Titanium offers reliability and accuracy in creating medical-grade products, some human bodies tend to reject titanium as its chemical composition can inhibit the bone and tissue from interacting with the implant. Apart from these other reasons which may contribute to the failure of metallic implants that are either caused by the material properties of the metal (e.g., high stiffness, high corrosion rate, and toxicity) itself or by the exposure of the bone to infected metal implants i.e., infection.

Advancements In Technology In 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, reducing 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 is designed to be used by surgeons in spine surgery. In addition to that, K2M’s Lamellar introduced its 3D Titanium Technology to create a 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.

Innovations In 3D Printed Medical Devices Market With Truedent

Major companies operating in the 3D printed medical devices market are innovating new products, such as TrueDent, to provide reliable services to customers. TrueDent is a multi-color 3D printed medical device designed for denture solutions. For instance, in February 2022, Stratasys Ltd., a US-based manufacturer of 3D printers, software, and materials for polymer additive manufacturing, launched TrueDent, which is a cleared medical device approved by the Food and Drug Administration (FDA), a US-based federal agency. TrueDent is the first monolithic, multi-color 3D-printed denture solution. This is developed for the 3D printing of permanent dentures and temporary crowns and bridges. This simplifies the process, lowers the costs, and allows for dentures and temporaries to be produced much faster.

Desktop Metal Inc Acquired EnvisionTEC To Provide High-Quality 3D Printing Solution For 3D Printed Medical Devices Market

In February 2021, Desktop Metal Inc., an US-based company that designs and markets 3D printing systems, acquired EnvisionTEC for an undisclosed amount. With this acquisition, Desktop Metal Inc. aims to expand its distribution network and increase its geographic sales capabilities in the medical, dental, and jewellery industries. EnvisionTEC is a US-based company specializing in 3D printed medical devices and solutions with high quality. North America was the largest region in the 3D printed medical devices market in 2023. Western Europe was the second largest region in the global 3D printed medical devices market report. The regions covered in the 3D printed medical devices market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3D printed medical devices market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The 3D printed medical devices market consists of sales of 3D printed prosthetics and implants. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The 3D printed medical devices market research report is one of a series of new reports from The Business Research Company that provides 3D printed medical devices market statistics, including 3D printed medical devices industry global market size, regional shares, competitors with a 3D printed medical devices market share, detailed 3D printed medical devices market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed medical devices industry. This 3D printed medical devices market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

3D Printed Prosthetics Market Definition And Segments

3D printed prosthetics are artificial devices that replace a missing body part and are manufactured by laying successive layers of material using inputs from a digital 3D model. The main types in the 3D printed medical prosthetics are sockets, limbs, joints, covers, and others. Prosthetic limbs are used as artificial limbs for those who need limbs. These are made up of various materials such as polypropylene, polyethylene, acrylics, and polyurethane. These are used by end-users such as hospitals, rehabilitation centers, and prosthetic clinics. The 3D printed prosthetics market covered in this report is segmented – 1) By Type: Sockets, Limbs, Joints, Covers, Other Types 2) By Material: Polypropylene, Polyethylene, Acrylics, Polyurethane 3) By End-User: Hospitals, Rehabilitation Centers, Prosthetic Clinics The 3D printed prosthetics market size has grown strongly in recent years. It will grow from $1.04 billion in 2023 to $1.13 billion in 2024 at a compound annual growth rate (CAGR) of 8.8%. The growth in the historic period can be attributed to growth in customization for individual users, cost-efficiency and affordability, collaborations and partnerships, patient-specific solutions, regulatory approvals and quality standards. The 3D printed prosthetics market size is expected to see strong growth in the next few years. It will grow to $1.56 billion in 2028 at a compound annual growth rate (CAGR) of 8.4%. The growth in the forecast period can be attributed to remote monitoring and adjustments, expansion of pediatric applications, biocompatible material advancements, global accessibility initiatives, rising awareness and acceptance. Major trends in the forecast period include incorporation of sensory technologies, technological convergence, regulatory adaptation to technological advances, advancements in 3d printing technology, integration of bionic technology.

Rising Number Of Accidental Injuries In 3D Printed Prosthetics Market

The rising number of accidental injuries is driving the growth of the 3D printing prosthetic devices market. Accidental injuries can cause serious damage to a person, and these injuries can sometimes lead to amputation. In 2021, car crashes in the US resulted in the death of 42915 people which was the highest in 16 years. According to a report from the National Centre for Health Statistics, approximately 50,000 new amputation cases come up each year in the US. An increase in incidences of other medical conditions such as diabetes and vascular diseases is also leading to a rise in amputation cases, thus boosting the sales of 3D printing prosthetics. For instance, according to a report published in the American Journal of Managed Care, it was estimated that, globally, one patient leg is amputated every 30 seconds and around 85% of these amputations were a result of a diabetic foot ulcer. Therefore, the rising number of accidental injuries is driving the growth of the 3D printed prosthetics market.

Increasing Prevalence Of Bone Cancer In 3D Printed Prosthetics Market

The increasing prevalence of bone cancer is expected to propel the growth of the 3D printed prosthetics market going forward. Bone cancer is a rare type of cancer that originates in the bone tissue itself (primary bone cancer) or spreads to the bones from other parts of the body. 3D printed prosthetic devices are used in bone cancer to repair bones damaged by cancer and replace conventional tumor prostheses and auto or allobone grafts for bone reconstruction. For instance, in January 2023, according to the American Cancer Society, a US-based voluntary health organization, there were 2,140 deaths and 3,970 new cases diagnosed with bone cancer in 2023, and there were 2,060 deaths and 3,610 new cases of bone cancer in 2021. Therefore, the increasing prevalence of bone cancer is driving the growth of the 3D printed prosthetics market. Major companies operating in the 3D printed prosthetics market report are HP Inc., Laser GmbH, Otto Bock HealthCare GmbH, EOS GmbH, Renishaw PLC, Stratasys Ltd., 3D Systems corporation, Materialise NV, Groupe Gorge SA, Carbon Inc., SLM Solutions Group AG, Prodways Group, Formlabs Inc., Arcam AB, EnvisionTEC, Freedom Innovations LLC, LimbForge Inc., Concept Laser GmbH, Open Bionics Ltd., UNYQ Inc., Mecuris GmbH, YouBionic S.r.l., Protosthetics LLC, Bionico Hand Solutions, Create Prosthetics Inc., Bio3D Technologies Pte Ltd., 3T RPD Ltd., Photopolymerization, laser beam melting, The biomedical model of medicine, Ultimaker BV, XYZprinting Inc., Beijing Long Yuan Automated Fabrication System Co.Ltd., Organovo Holdings Inc.

Impact Of COVID-19 In 3D Printed Prosthetics Market

The delay in elective procedures attributed to the COVID-19 outbreak is to act as a major factor to limit the growth of the 3D printed medical prosthetics market. Many countries and hospitals have diverted their healthcare resources to deal with COVID-19 patients. For instance, according to the Centers for Medicare & Medicaid Services (CMS) safety guidelines, all the elective and non-essential surgical, dental, and medical procedures are delayed in the USA during the 2019 Novel COVID-19 (COVID-19) outbreak. Hence, the delays in surgical or elective procedures are projected to decline the demand for the 3D printed medical prosthetics market shortly.

Advancements In 3D Printing Prosthetics Market With Galileo System

Companies in the 3D printing prosthetics market are focusing on the development of waterproof prosthetic devices. The aim behind this innovation is to provide the user with an increased range of mobility, especially in athletics. In April 2022, Protosthetics, a US-based company that manufactures prosthetics devices, launched Galileo for 3D printing prosthetics. Galileo is a 3D printing solution that combines the best technology, materials, and support to provide a seamless answer to orthotics and prosthetics (O&P) practices. Galileo system connects clinicians to experts in 3D printing to make successful sockets happen in real-time.

Essentium Inc. Partnered With Vorum To Expand In 3D-Printed Prosthetic Devices Market

In May 2022, Essentium Inc., a US-based company that provides 3D printed prosthetic devices and solutions, made a partnership with Vorum for an undisclosed amount. With this partnership, Essentium Inc. and Vorum expand into biocompatible 3D printing for the orthotics and prosthetics industry and introduce a line of biocompatible additive manufacturing materials. Vorum is a Canada-based company that provides 3D printing solutions for the prosthetics, orthotics, and footwear industries. North America was the largest region in the 3D printing medical prosthetics market in 2023. Asia-Pacific was the second-largest region in the global 3D printed prosthetics market. The regions covered in the 3d printed prosthetics market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the 3d printed prosthetics market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain The 3D printed prosthetics market consists of sales of 3D printed instruments such as sockets, limbs, joints, covers, and others. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The 3D printed medical prosthetics market research report is one of a series of new reports from The Business Research Company that provides 3D printed medical prosthetics market statistics, including 3D printed medical prosthetics industry global market size, regional shares, competitors with a 3D printed medical prosthetics market share, detailed 3D printed medical prosthetics market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printed medical prosthetics industry. This 3D printed medical prosthetics market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

3D Printing Services Market Definition

3D printing services refer to a technique for building three-dimensional objects layer by layer from a computer-generated design. A 3D item is produced by the additive method of 3D printing, which involves building up layers of material. It is known as additive manufacturing. The main service offerings of 3D printing service are tooling, parts production, software services, system maintenance, expert service. It is used for prototyping, tooling, functional parts manufacturing by various end users including consumer products, automotive, healthcare, aerospace and defense. Prototyping is a fundamental step in the process of creating a new product by physically representing a concept. Designers use prototyping to transform a concept into a working product. It consists of several steps that assist designers, product owners, or business analysts in determining essential concerns such as user demands, navigation, information architecture, usability, accessibility, and user interface (UI) or visual design.

3D Printing Services Market Segmentation

The 3d printing services market covered in this report is segmented – 1) By Service Offering: Tooling, Parts Production, Software Services, System Maintance, Expert Service 2) By Application: Prototyping, Tooling, Functional Parts Manufacturing 3) By End user: Consumer Products, Automotive, Healthcare, Aerospace And Defense

3D Printer Market Definition And Segments

A 3D printer is a machine that creates solid 3D objects from a digital blueprint. The main printer types of 3D printers are desktop 3D printers and industrial 3D printers. A desktop 3D printer is a small 3D printer that can create objects from scratch. Because they fit on the surface of a regular desk, they're called 'desktop 3D printers.' They don't necessitate a vast, open area. Desktop 3D printers, on the other hand, are small and portable. The various technologies of the 3D printer include stereo lithograph (SLA), fused deposition modeling (FDM), selective laser sintering (SLS), direct metal laser sintering (DMLS), polyjet or multijet printing (MJP), inkjet printing, electron beam melting (EBM), laser metal deposition (LMD), direct light projection (DLP), and other technologies. The various end-user industries involved are aerospace and defense, healthcare, food, construction and architecture, and other end-user industries. The 3d printer market covered in this report is segmented – 1) By Printer Type: Desktop 3D Printer, Industrial 3D Printer 2) By Technology: Stereolithography (SLA), Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), Direct Metal Laser Sintering (DMLS), PolyJet or MultiJet Printing (MJP), Inkjet Printing, Electron Beam Melting (EBM), Laser Metal Deposition (LMD), Direct Light Projection (DLP), Other Technologies 3) By End-use Industry: Automotive, Aerospace & Defense, Healthcare, Food, Construction & Architecture, Other End-Use Industries The 3d printer market size has grown rapidly in recent years. It will grow from $20.98 billion in 2023 to $24.61 billion in 2024 at a compound annual growth rate (CAGR) of 17.3%. The growth in the historic period can be attributed to strong economic growth in emerging markets, an increase in the use of 3d printed products in the automotive industry, and a rise in government investments in 3d printing. The 3d printer market size is expected to see rapid growth in the next few years. It will grow to $48.67 billion in 2028 at a compound annual growth rate (CAGR) of 18.6%. The growth in the forecast period can be attributed to the high demand for 3d printed medical devices, growing demand for prototyping applications, and government initiatives. Major trends in the forecast period include technological advancements by major companies in the 3d printer manufacturing market, rapid shift from prototyping to functional parts manufacturing, launch of innovative products to help expand product portfolio, use of 3d printers in the building and construction industry for green and environment-friendly projects and increase in mergers and acquisitions.

Expanding Automotive Industry Fuels Growth In The 3D Printer Market

The expanding automotive industry is expected to propel the growth of the 3D printer market going forward. The automotive industry refers to a sector that involves various companies and organizations engaged in the design, development, manufacturing, marketing, selling, repairing, and modification of motor vehicles. 3D printing has revolutionized the automotive industry in several ways, including the ability to produce highly customized parts, reduce lead times and tooling costs, and create complex geometries that would be difficult or impossible to produce with traditional methods. For instance, in August 2023, according to the Board of Governors of the Federal Reserve System, a US-based government agency, total vehicle production in the United States increased to 11.77 million units in July, up from 10.91 million units in June. Therefore, the expanding automotive industry is driving the growth of the 3D printer market.

3D Printers Revolutionizing Manufacturing Driving Growth In The Industry

The rising manufacturing industry is expected to propel the growth of the 3D printer market going forward. The manufacturing industry encompasses the production of physical goods through various processes, from raw materials to finished products. 3D printers enhance the manufacturing industry by enabling rapid prototyping, customized part production, and on-demand manufacturing, reducing time and costs. For instance, in July 2023, according to Eurostat, a UK-based government statistical agency, industrial output in the European area witnessed a 0.2% increase. Moreover, a 0.1% increase was reported in the European Union during the period between May and April 2023. Therefore, the rising manufacturing industry is driving the growth of the 3D printer market. Major companies operating in the 3d printer market report are 3D Systems Corporation, Stratasys Ltd., GE Company, EOS GmbH, Hewlett Packard, SLM Solutions Group AG, The ExOne Company, Formlabs, MarkForged Inc., Voxeljet AG, Bharma3, JGroup Robotics, Altem, Novabeans, CMK Corporation, Modix, Karkhana.io, Breezam, Addentax, mago, BMF Precision, Fuji Xerox, Think 3D, UnionTech 3D, Sichuan Revotek, Regenovo Biotech, Tiertime, Shining 3D, Winsun, HuaShang Tenda, Prodways, BeAM, AddUp, 3D Ceram, The BigRep GmbH, Renishaw, AMMA Solutions, 3D Parts Ltd., Volumic, 3D Criar, 3D Procer, Alcateia, AMS, 3D Bioprinting Solutions, Anisoprint, AMT Spetsavia, UrbanAlps, Hewlett Packard (HP), Proto Labs, Materialise, Nano Dimension, Organovo, SondaSYS, Cosine Additive, 3D Print Pulse, Sethi3D, Sciaky Inc., BigRep 3D, Robtec, Optomec, Zortrax, Kikai Labs, CHIMAK 3D, Trimaker, Trideo, VOXEL 3D, 3D Manzil, 3Dvinci, Immensa, Shisan, Etba3ly 3D, Akhani 3D, Rapid 3D, Artec 3D, 3D Africa

High Cost In 3D Printer Hampered Market Growth

The high cost associated with 3D printing hampers the growth of the 3D printer market. Various factors contribute to the higher costs of 3D printing tools. To name a few, the energy that 3D printing requires to manufacture objects is massively expensive and the energy required by some of the 3D printing processes uses up to 50-100 times more electricity than injection molding machines. Furthermore, the software needed to run the 3D printers is costly and must be modified regularly to make them functional and effective. The cost of a 3D printer can vary by tens of thousands of dollars, from basic $200 fused filament fabrication (FDM) machines to the most advanced ones. The high cost associated with 3D printing limits the demand for 3D printers thereby restraining the growth of the 3D printer manufacturing market.

Next Generation Advancements In 3D Printer

Major companies in the 3D printer market are producing printers that have the vast Asia-Pacific and can print faster than conventional 3D printers. For instance, the stereo lithograph apparatus (SLA) 3D printer from Nexa3D will be 6 times faster than the machines of the other competitors and it’s the Asia-Pacific would also be 2.5 times larger. The project production time for prototypes is also reduced from hours to minutes and it is equipped with durable materials that can withstand ultra-fast 3D printing. For instance, in 2022, Xact Metal, a US-based 3D printer manufacturer, launched the XM300G 3D printer. The Xact Metal XM300G Series is intended to provide small-to-medium-sized businesses with industrial-grade 3D printing capabilities at a competitive price. It is programmable with single, dual, or quad lasers. With its new 3D printer, the company is going after several industries, including aerospace, automotive, and general manufacturing.

Innovative Advancements In The 3D Printer Market

Major companies operating in the 3D printer market are focusing on developing innovative and high-performance FFF 3D printers, such as Magneto X, to gain a competitive edge in the market. The Magneto X is the world's first desktop FFF 3D printer utilizing MagLev technology, designed for high-speed, precise, and optimized 3D printing. For instance, in September 2023, Peopoly, a Hong Kong-based 3D printer manufacturer company, launched the Magneto X 3D printer, the world’s first MagLev-based desktop FFF 3D printer. The Magneto X has been designed to enhance and optimize the performance of desktop 3D printing. Based on familiar FFF technology, the Magneto X goes beyond traditional belts and pulleys, enabling high-speed, great surface finish, and truly precise 3D printing at the desktop powered by magnets.

3D Systems Enhances Medical 3D Printing Capabilities With Kumovis And Titan Additive Acquisitions

In February 2022, 3D Systems, a US-based 3D printing company, acquired Kumovis and Titan Additive LLC for an undisclosed amount. With this acquisition, 3D Systems will add a novel extrusion technique to its vast polymer printing healthcare portfolio, allowing the firm to extend its addressable market for tailored healthcare applications. Kumovis is a Germany-based manufacturer of 3D printers creating medical applications and Titan Additive is a US-based manufacturer of hybrid machines combining 3D printing from filament or granules with machining. North America was the largest region in the 3D printer market in 2023. Asia-Pacific was the second-largest region in the global 3D printer market report. The regions covered in the 3d printer market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the 3D printer market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Canada, Spain The 3D printer market consists of sales of machinery which are used in various applications such as functional prototyping, concept modeling, anatomical modeling, composite tooling. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The 3D printer market research report is one of a series of new reports from The Business Research Company that provides 3D printer market statistics, including 3D printer industry global market size, regional shares, competitors with a 3D printer market share, detailed 3D printer market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printer industry. This 3D printer market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

3D Printing Building Construction Market Definition And Segments

3D printing building construction is the process of building, altering, repairing, improving, or demolishing any structures or buildings using 3D print technology. 3D printing is a computer-controlled sequential layering of materials to form three-dimensional shapes. It is particularly beneficial for prototyping and the production of geometrically complex components. The main types of 3D printing building construction are modular and full-building. Modular building entails generating standardized structural components in an off-site factory and then assembling them on-site. The processes used are extrusion, powder bonding, and others, and the materials used are concrete, plastic, metal, hybrid, and others. 3D printing building construction includes residential, commercial, and industrial construction. The 3d printing building construction market covered in this report is segmented – 1) By Construction Type: Modular, Full Building 2) By Process: Extrusion, Powder Bonding, Other Processes 3) By Material Type: Hybrid, Plastic, Metal, Other Material 4) By End-User: Residential Buildings, Institutional Buildings And Commercial Buildings The 3d printing building construction market size has grown exponentially in recent years. It will grow from $0.11 billion in 2023 to $0.33 billion in 2024 at a compound annual growth rate (CAGR) of 201.7%. The growth in the historic period can be attributed to technological advances, rising investments in renewable energy infrastructure, efficiency over conventional construction, reduction in manufacturing expenditure, development of 3d printing technology, and the exponential rise in urbanization. The 3d printing building construction market size is expected to see exponential growth in the next few years. It will grow to $7.7 billion in 2028 at a compound annual growth rate (CAGR) of 119.7%. The growth in the forecast period can be attributed to an increase in new construction projects globally, green construction methods, and a rise in disposable income. Major trends in the forecast period include using robotic arm extruders to improve productivity, investing in 3d prefabrication buildings and modularization techniques to enhance construction efficiencies, and adopting green construction techniques to develop environmentally-friendly buildings, using strategic partnerships and collaborations to strengthen the position.

The Economic Advantages Of 3D Printing In Building Construction

The capability to build complex structures within a stipulated time for a reasonable cost is a major factor driving the demand for 3D printing in the building construction market. 3D printing building construction is cost-effective, saves time, provides more precision, is safe, cuts labor costs, is environmentally friendly, and easily helps build complex building structures. 3D printing in construction is economical in terms of material usage when compared with the traditional manufacturing process. Moreover, 3D printing reduces labor costs by 50%–80%, production time by 50%–75%, and construction waste by 30%–60%. Therefore, the economic benefits offered by 3D printing construction are expected to significantly boost the market's growth.

Increasing Construction Activities Propel Growth In The 3D Printing Building Construction Market

Increasing construction activities are expected to propel the growth of the 3D printing building construction market. Construction activities refer to the processes involved in delivering buildings, infrastructure, industrial facilities, and associated activities through to the end of their lives. The utilization of 3D printing in building construction enhances construction efficiency, minimizes waste, and facilitates intricate architectural designs. For instance, in September 2021, according to reports published by Oxford Economics, a UK-based economic information services company, the global construction output was $10.7 trillion in 2020, and between 2020 and 2030, it is anticipated to increase by 42%, or $4.5 trillion, to reach $15.2 trillion. Therefore, increasing construction activities are driving the growth of the 3D printing building construction market. Major companies operating in the 3d printing building construction market report are ICON Technology, Inc., Mighty Buildings, Inc., Branch Technology, Contour Crafting Corporation, Apis Cor, PERI Group, XtreeE, Mx3D, CyBe Construction B.V., Sanska Group, Yingchuang Building Technique (China), Sika AG, Skanska, LafargeHolcim and Dus Architects, Winsun, Zhuoda Group, Novabeans, Tata Project, Punj Lioyd, Larsen & Toubro and UltraTech Cement, Tvasta Manufacturing Solutions, Ozaz Global, Yingchuang New Materials, Reliance Infrastructure Limited, Komatsu Ltd., Sekisui House, Daiwa House Industries, Mitsui & Co Ltd., Panasonic Homes, Muscle Corporation, Hankyu Hanshin Holdings Inc., Obayashi Corporation, Shimizu Corporation, Takenaka Corporation, Kajima Corporation, Ying Chuang Construction Technology (WinSun), Shanghai Construction Group Co. Ltd., China MCC17, China Construction Eighth Engineering Div, Shanghai Yannuo Building Materials, China Minsheng Drawin Technology Investment, Dou Shupeng, Kejia Construction, Caterpillar Inc., Acciona, WASP, BatiPrint, Be More 3D, Constructions 3D, CSP s.r.l, COBOD, LifeTec Construction Group Inc., SQ4D, 3DCriar, Constructora Conconcreto, Arup, Aedive (Peru), Materialise Oderbrecht, Camargo Corrêa, Andrade Gutierrez, Queiroz Galvão, MRV Engenharia, SalfaCorp, Mourik General Contractors, Gilbane Building Company, McCrory Construction Company, BESIX 3D, Concreative LLC, ACCIONA S.A., Immensa Technology Labs, Emaar Properties, DuBox, EQUATE, Xtreme Africa

High Initial Capital Requirement Hinders Growth

A high initial capital investment requirement is anticipated to impact the growth of the 3D printing building construction market over the coming years. The high cost of 3D printers and their maintenance is a major challenge for industry players. According to Winsun 3D Builders, a 3D printing construction company, the high initial investment of 3D concrete printers is currently at a level that requires high capital and decent construction projects in order to support small and medium-sized companies to overcome the capital requirements for expansion and growth. The requirement of high initial capital to set up the process is expected to hinder the growth of the 3D printing building construction market in the forecast period.

Ai-Powered Flexibility In 3D Printing In Building Construction

Increasing flexibility in 3D printing operations using artificial intelligence technology (AI) is a major trend shaping the growth of the 3D printing building construction market. In October 2022, Luyten 3D, an Australia-based building and construction company providing 3D printing launched Platypus X12 concrete printer, an AI-powered mobile concrete 3D printer for application in the building and construction industry. It is one of the world’s largest printers and flexible to transform in size of 12 x 6 mobile crane in 20 minutes, which helps in expanding its capability to print large-scale structures. It has the capabilities of integrating acoustic and optical-based artificial intelligence for data-driven concrete printing. Moreover, the printer has an anti-clogging head that is patented.

3D Printing Building Construction Companies Focus On Cost-Effective Printers

Major companies operating in the 3D printing building construction market are increasing their focus on developing innovative solutions such as cost-effective 3D printers to maximize revenue in the market. Cost-effective 3D printers are 3D printing machines or devices that offer affordability in terms of their purchase price and operational costs while maintaining reasonable performance and quality standards for producing three-dimensional objects. For instance, in July 2023, Holcim's 14Trees, a UK-based construction solutions provider, launched the first construction 3D printer manufactured in Africa, called Iroko. The printer is specifically designed for the construction of residential and commercial buildings ranging from one to two stories, and it offers a 30% cost savings compared to other construction 3D printers available, along with reduced operational expenses.

India Cements And Tvasta Collaborate For Affordable Housing Through 3D Printing

In May 2022, India Cements, a company engaged in manufacturing cement, collaborated with Tvasta Manufacturing Solution, a start-up providing 3D printing for the construction industry. Through this collaboration, India Cements and Tvasta would conduct research and development (R&D) and exchange technology to create new raw material formulations for 3D printing applications and provide support to major projects to create affordable and time-efficient housing solutions. Tvasta Manufacturing Solution was founded in 2016 and is focused on leveraging robotics in the 3D printing platform. Asia-Pacific was the largest region in the 3D printing building construction market in 2023. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the 3d printing building construction market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa The countries covered in the 3d printing building construction market report are Australia, China, India, Indonesia, Japan, South Korea, Bangladesh, Thailand, Vietnam, Malaysia, Singapore, Philippines, Hong Kong, New Zealand, USA, Canada, Mexico, Brazil, Chile, Argentina, Colombia, Peru, France, Germany, UK, Austria, Belgium, Denmark, Finland, Ireland, Italy, Netherlands, Norway, Portugal, Spain, Sweden, Switzerland, Russia, Czech Republic, Poland, Romania, Ukraine, Saudi Arabia, Israel, Iran, Turkey, UAE, Egypt, Nigeria, South Africa The 3D printing buildings construction market includes revenues earned by entities by constructing 3D printing buildings. The 3D printing buildings construction work performed includes new work, additions, alterations, maintenance, and repairs. The 3D printing building is constructed using a 3D printer machine that deposits material or concrete layer by layer. These are particularly used for prototyping or building complex components. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The 3D printing building construction market research report is one of a series of new reports from The Business Research Company that provides 3D printing building construction market statistics, including 3D printing building construction industry global market size, regional shares, competitors with a 3D printing building construction market share, detailed 3D printing building construction market segments, market trends and opportunities, and any further data you may need to thrive in the 3D printing building construction industry. This 3D printed building construction market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.

3D Printing Building Construction Market Definition

3D printing building construction market consists of the sales revenue earned by entities (organizations, sole traders, and partnerships) that construct buildings through 3D printers and offer related services. Establishments that use 3D printing to create construction components and print entire buildings are included in this market. The 3D printing building construction market includes new work, additions, alterations, maintenance and repairs.

Diagnostic And Monitoring Ophthalmic Devices And Equipment Market Definition

The diagnostic and monitoring ophthalmic devices and equipment market consists of sales of diagnostic and monitoring ophthalmic devices and equipment and related services by entities (organizations, sole traders and partnerships) that manufacture diagnostic and monitoring ophthalmic devices and equipment. The diagnostic and monitoring ophthalmic devices are used for the diagnosis and monitoring of diseases related to the retina and cornea by measuring affix lenses and refractive errors. These devices also help to identify the power of the intra ocular lens (IOLs) and analyze the visual field. These devices include ultrasound imaging systems, optical coherence tomography scanners, ophthalmoscopes, corneal topographers, specular microscopes, slit lamps, fundus cameras, anomaloscope, haploscope, ophthalmic lens gauge, stereopsis measuring Instrument, retinoscopes, stereoscope and others.