Medical 3D Printing Consumables Market, Global Outlook and Forecast 2023-2029

As per Market Research Future (MRFR) analysis, the global 3D printing medical devices industry is projected to grow at a CAGR of 18% from 2018 to 2023 (forecast period).3D printing plays a vital role in the development of medical and dental devices.

A computer-aided design drawing or a magnetic resonance image is a 3D object created from a digital 3D image.

Various types of materials are used to create a 3D image.Market DynamicsThe global market for 3D printing medical devices is expected to expand due to growing government spending in the healthcare sector, rising technological developments in 3D printing, easy production of medical devices, and the growing use of 3D printing devices in the healthcare sector.

This is a very cost-effective and preferred choice for medical device manufacturers for all kinds of medical devices such as prostheses, hearing aids, custom knee, and hip implants.

The 3D printing medical devices are expected to show substantial growth during the forecast period due to various technological developments in this field.

In addition, a variety of other factors, such as investment in R, rapidly growing consumer base, increasing the reach of biomedical applications, have driven market growth.However, some aspects that may hinder future market growth are unfavorable reimbursement policies, high printer costs, biocompatibility issues for 3D printed medical devices, and limited technical knowledge in medical devices.SegmentationThe global market for 3D printing medical devices has been segmented into types, components, technology, application, and end-users.Based on types, the global market for 3D printing medical devices is classified into the segments of surgical guides, prosthetics & implants, surgical instruments, and tissue engineering products.

Global 3D Printing Medical Devices Market: by Types (surgical guides and others), by Component (system and others), by Technology (3D printing and others), by Application (external wearable devices, implants and others), by End-users - Forecast till 2023 3D printing functions an essential part of the medical and dental manufacturing sector and is the preferred choice of medical device manufacturers, for its cost-effective production of all types of medical devices such as the custom-made knee, hearing aids, hip implants, and prostheses.

Global 3D printing medical devices market is anticipated to grow due to influential factors such as the increase in investment by the growing use of 3D printing device in the healthcare industry the governments towards the healthcare sector, rising technological advancements in 3D printing, and easy production of medical devices.

According to a report issued by Market Research Future (MRFR), the Global Medical 3D Printing Companies has been assessed to grow at a CAGR of 18% during the forecast period from 2018 to 2023.

Key PlayersThe key players identified in the global 3D printing medical devices market are 3D Systems Corporations, 3T RPD Ltd., Arcam AB, Bio3D Technologies, EnvisionTEC, Cyfuse Medical K.K.EOS GmbHConcept, Laser GmbH, Materialise NV, Organovo Holdings, Inc., Oxford Performance Materials, Inc., Renishaw plc, Prodways Group, Stratasys Ltd., and SLM Solutions Group AG.

Segmental AnalysisThe global market for 3D printing medical devices has been segmented into types, component, technology, application, end-users, and regions.Based on types, the global 3D printing medical device market has been segmented into prosthetics & implants, surgical guides, surgical instruments, and tissue engineering product.

The surgical guide segment has been assessed to account for the largest market share in the type segment over the forecast period, due to its advantage of providing accurate implant restoration, resulting in a rise in the demand for the surgical guide has been increasing, and this is a crucial factor driving the growth of this market segment.

Increasing public-private funding for 3D printing activities, high incidence of dental and orthopedic diseases, easy development of customized medical products using 3D printing, growing applications of 3D printing in the healthcare industry, availability of advanced 3D printing materials for dental and medical applications, and the increasing demand for 3D-printed products in the cosmetics and pharmaceutical industries, are the key factors supporting the growth of the market.

[497 Pages Report] The 3D Printing Medical Devices market is projected to reach USD 5.1 billion by 2026 from USD 2.4 billion in 2021, at a CAGR of 16.3% during the forecast periodCOVID-19 Impact on the global 3D Printing Medical Devices marketAs a result of the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the 3D Printing Medical Devices diminished as hospitals became primarily focused on the COVID-19 pandemic.

The closure of manufacturing facilities due to lockdowns and disrupted supply chains slightly impacted the growth of the 3D Printing Medical Devices market at the regional level in 2020.

The company manufactured field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields.Market DynamicsTechnological Advancements in 3D PrintingIncreasing Public-Private Funding for 3D Printing ActivitiesrialsEasy Development of Customized Medical Products Using  3D PrintingGrowing Applications of 3D Printing in the Healthcare IndustryIn recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry.

Such 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.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90799911The digitization of dentistry and medical procedures has advanced immensely over the years, with the intention of improving the clinical workflow through the incorporation of technology.

Direct digital manufacturing involves the application of computer-controlled processes for developing a physical object directly from a digital design.

3D printing is a process which makes use of a digital design to create a physical object.

3D printing technology in the medical device segment helps in creation of limb prosthetics, titanium replacements for hips and jaws and plastic tracheal splints, etc.

3D printing is preferred by many doctors before surgeries of any organ part which reduces error.Demand ScenarioThe global medical device 3D printing market was USD 1.13 billion in 2018 and is estimated to reach USD 3.19 billion by 2025 at a CAGR of 15.89% during the forecast period.Click Here to Get Sample Premium Report @ https://www.trendsmarketresearch.com/report/sample/3932Growth by RegionNorth America leads the market owing to factors such as increasing demand for organ transplants, highly developed healthcare infrastructure and significant government and private investments for the development of advanced 3D printing technologies and applications.Asia-Pacific will have strong growth rate in the adoption of 3D-printed medical devices which in turn drives the market growth in this region.

New 3D printing research, training, and education centers and rising efforts by top market players in countries like China, India and Japan has also triggered the demand for 3D printing medical device.

Africa as well as Latin America regions will witness moderate growth during the forecasted period due to lack of awareness regarding 3D printing technologies in these regionsYou can Buy This Report from Here @ https://www.trendsmarketresearch.com/checkout/3932/SingleDrivers vs ConstraintsSome of the key factors that drives the growth of the 3D printing medical devices market includes technological advancements, increasing public-private funding, easy development of customized medical products, growing demand for 3D printed prosthetics and implants, dental restorations, surgical instruments, and tissue fabrication and growing applications in the healthcare industry.Stringent regulatory process, copyright & patent infringement concerns, limited technical expertise and biocompatibility issues associated with 3D printed devices are some of the factors that can restrain the market’s growth.Industry Trends and UpdatesIn July 2018, K2M Enhances got its FDA clearance and CE mark for its CAYMAN® United Plate System, following which it enhanced its CASCADIA™ Lateral 3D Interbody System which now features Lamellar 3D Titanium Technology™.

3D-printed lateral cage becomes the first-ever 3D surgical solution which has modular fixation capabilities.Request For Report Discounts @ https://www.trendsmarketresearch.com/report/discount/3932In July 2017, GE Additive and Stryker announced an Additive Manufacturing Partnership to support Stryker’s growth in additive manufacturing.

The global 3D printing medical devices market is expected to exceed US$ 1,700 Mn in revenues by 2022-end, according to a recent research by Fact.MR.

Numerous collaborations have been witnessed worldwide, between academic institutions and major players in the market, who are investing heavily in R activities.

3D-printing technology has been revolutionizing the preclinical drug testing, making the testing on 3D-printed organs convenient, thereby resulting into the provision of a substitute for animal testing.

The aforementioned factors are expected to augment demand for 3D printing medical devices in the years to come.Read Report Summary: https://www.factmr.com/report/248/3d-printing-medical-devices-marketPotential of 3D-printing in transforming medical devices’ use to treat various diseases is impacting the healthcare sector, enabling construction of non-implantable and implantable medical devices, and cost-effective customizable medical devices.

Facilitating surgeons in planning surgeries, 3D printing medical devices help in lowering operative risks encountered during complex procedures, reduce duration of anesthesia exposure, decrease risk of infection, enable patients in recovering faster, and dramatically reduce time of hospital stay.

These factors might further impact the market growth over the forecast period.Followed by tissue engineering, implants will continue to be the most lucrative application of the 3D-printing medical devices, in terms of revenues.

Increasing public-private funding for 3D printing activities, high incidence of dental and orthopedic diseases, easy development of customized medical products using 3D printing, growing applications of 3D printing in the healthcare industry, availability of advanced 3D printing materials for dental and medical applications, and the increasing demand for 3D-printed products in the cosmetics and pharmaceutical industries, are the key factors supporting the growth of the market.

[497 Pages Report] The 3D Printing Medical Devices market is projected to reach USD 5.1 billion by 2026 from USD 2.4 billion in 2021, at a CAGR of 16.3% during the forecast periodCOVID-19 Impact on the global 3D Printing Medical Devices marketAs a result of the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the 3D Printing Medical Devices diminished as hospitals became primarily focused on the COVID-19 pandemic.

The closure of manufacturing facilities due to lockdowns and disrupted supply chains slightly impacted the growth of the 3D Printing Medical Devices market at the regional level in 2020.

The company manufactured field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields.Market DynamicsTechnological Advancements in 3D PrintingIncreasing Public-Private Funding for 3D Printing ActivitiesrialsEasy Development of Customized Medical Products Using  3D PrintingGrowing Applications of 3D Printing in the Healthcare IndustryIn recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry.

Such 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.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90799911The digitization of dentistry and medical procedures has advanced immensely over the years, with the intention of improving the clinical workflow through the incorporation of technology.

Direct digital manufacturing involves the application of computer-controlled processes for developing a physical object directly from a digital design.