+1-518-618-1030 866 - 552 - 3453 USA-Canada Toll Free
Published Date: 2013-08-28Number of Pages: 92

3D Printing in Medical Applications Market (Medical Implants (Dental, Orthopedic, Cranio-maxillofacial), Surgical Guides, Surgical Instruments, Bio-engineered Products) - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019

Global 3D Printing in Medical Applications Market: Snapshot

The 3D printing technology has revolutionized several industries by enabling non-conventional, faster, and economic manufacturing of a variety of products possible. The potential uses of this technology are being uncovered at a rapid pace across the medical industry and many revolutionary medical applications of 3D printing are expected to be uncovered in the next few years.

Transparency Market Research states that the global 3D printing for medical applications market will exhibit growth at a promising pace and will enable significant transformations in the field of healthcare in the near future. The market is expected to rise to a valuation of US$965.5 mn by 2019.

Usage of 3D Printing for Producing Medical Implants to Remain Market’s Most Profitable Segment

On the basis of key applications, the market for 3D printing in the medical field has been segmented in the report into implants, surgical instruments, bioengineering, and surgical guides. Of these, the segment of implants accounted for the dominant share in the global market, valuing at nearly US$337.3 mn in 2015. The segment is expected to exhibit growth at a significant pace over the report’s forecast period and continue to be the dominant contributor to the global 3D printing in medical applications market over the forecast period as well. The report states that the segment of implants will have an opportunity of US$632.7 mn by 2019, accounting for over half of the overall valuation of the global market by the said year.

The immense growth prospects of the 3D printing technology across the implants application can be attributed to the increased demand for implants for a variety of orthopedic, dental, and cranio-maxillofacial disorders. The sub-segment of dental implants will account for the dominant share of revenue contributed by the segment of implants to the 3D printing for medical applications market over the forecast period.

Favorable Medical Reimbursement Scenario to Make Europe Most promising Regional Market

Geographically, the report examines the market for 3D printing in medical applications across regions such as North America, Europe, and Asia Pacific. Of these, the market is presently dominated by North America. The region dominates the market owing to the presence of some of the key players in the 3D printing technology in the U.S. The U.S. accounts for a significant share in the global 3D printing in medical applications market and is expected to remain the hub for future developments in the field as well. Thus, the North America 3D printing in medical applications market is expected to retain its command on the global market throughout the report’s forecast period. However, the market in Europe is expected to outpace North America owing to the rising number of 3D printing companies in the region.

Despite being a slow-growth region for several industries owing to recent economic upheavals across several countries in the past few years, the technologically advanced companies in Europe have been focusing hard on technological innovations such as 3D printing. The Europe market for 3D printing in medical applications is expected to be led by Germany, which is expected to outpace Japan in terms of growth rate in the next few years. The market is also expected to gain significant traction in Europe in the next few years owing to the favorable medical reimbursement policies and a substantial rise in funding from government bodies aimed at technological advancements.

Market to Become Fiercely Competitive in Near Future

Despite the budding stage of the global 3D printing market, companies manufacturing products for medical applications by incorporating the 3D printing technology have significantly increased in number in the recent past. Many new companies are venturing into the market at a rapid pace and are expected to enrich the market through advanced and innovative products in the near future.

Some of the key companies operating in the global 3D printing for medical applications market are Nanoscribe GmbH, 3D Systems Corporation, EnvisionTEC GmbH, Voxeljet Technology GmbH, Stratasys Ltd., and Materialise NV.

 
Since its introduction over a decade ago, 3D printing as a technology has revolutionized manufacturing as a process. Ever increasing cost pressures on medical device manufacturers and their intense need to introduce innovative products has forced them to adopt 3D printing as a means to reduce the manufacturing life cycle and almost completely eliminate the traditional prototyping process. Traditional manufacturing techniques are based on the subtractive method where, the required product is created by cutting or drilling of the base material. 3D printing builds the desired products layer-by-layer through addition of materials. Hence, this process is also called as additive manufacturing. Although, 3D printing is actually a subset of additive manufacturing, it used synonymously with additive manufacturing in the industry. The overall 3D printing market for medical applications has been categorized on the basis of its applications, raw materials, and technology
 
The applications market has been focused only on the medical applications of 3D printing and further segmentation has been provided which includes implants, surgical guides, surgical instruments and bioengineered products. The market for these application areas has been extensively analyzed based on number of 3D printed products, acceptance amongst surgeons, and cost. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for each segment.
 
The 3D printing technology market includes those technologies which are used extensively in medical applications for manufacturing bio-models. These technologies comprises of laser beam melting, electron beam melting, photopolymerization and droplet deposition manufacturing. The market for these segments has been extensively analyzed based on the efficiency of technologies, their application areas and cost. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for each segment.
 
The raw materials market includes the market focused for use in medical applications. The raw materials market comprises of metals, alloys, polymers, ceramics and others. The market for these raw materials used for manufacturing 3D printed medical products has been extensively analyzed based on the application areas and cost. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for each.
 
The geographic landscape covers the major regions, namely North America, Europe, Asia and Rest of the World (RoW). The market size and forecasts in terms of revenue (USD million) for the period 2011 to 2019, considering 2012 as the base year, have been provided for this segment. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for the segment.
 
The market overview section of the report discusses the market dynamics that include drivers, restraints and opportunities influencing the market. In addition, major events have also been discussed in the section that have boosted the growth of the market and expected to further propel the growth during the forecast period. Also, this section covers market attractiveness analysis (by geography) for the year 2012 and Porter’s five forces analysis for the global ultrasound devices market. Market share (%) by revenue for the major players operating in this market has also been provided for the year 2012 in the competitive landscape section, followed by a list of recommendations for the existing and new players. In addition, the report also profiled key players of the market on various parameters such as business overview, financial overview, product portfolio, business strategies and recent developments of the respective company.
 
Some of the significant players in this market include 3D Systems, Stratasys, and EnvisionTEC, Arcam AB, Materialise NV. These market players have been profiled on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.
 
The global 3D printing in medical applications market has been segmented as below:
  • 3D printing in Medical Applications Market, by Applications
    • Surgical Guides
      • Orthopedic
      • Dental
      • Crani-maxillofacial
    • Implants
      • Orthopedic
      • Dental
      • Crani-maxillofacial
    • Surgical Instruments
    • Bioengineering
  • 3D printing in Medical Applications Market, by Technologies
    • Electron Beam Melting (EBM)
      • Laser Beam Melting (LBM)
      • Photopolymerization
    • Stereolithography
      • Two Photon Polymerization
      • Digital Light Processing
    • Droplet Deposition Manufacturing
      • Inkjet Printing
      • Fused Deposition Modeling
      • Multiphase Jet Solidification 
  • 3D Printing in Medical Applications Market, by Raw Materials
    • Metals
    • Polymers
    • Ceramics
    • Biological Cells
  • 3D Printing in Medical Applications Market, by Geography
    • North America
    • Europe
    • Asia-Pacific
    • Rest of the World (RoW)


 
 
Back To Top