The 3D printing medical devices market is projected to reach US$ 6,583.50 million by 2028 from US$ 2,123.11 million in 2021; it is estimated to grow at a CAGR of 17.5% from 2021 to 2028.
Factors such as the high occurrence of dental and orthopedic diseases and increasing applications of 3D printing in the healthcare sector boost the growth of the market. However, the stringent regulatory process regarding the approval of 3D printed medical devices hampers the market growth.
3D printing is a technique for creating three-dimensional objects by layering raw materials together. Until the object is complete, each new layer is attached to the previous one. The flexibility of 3D printing allows designers to make changes easily without setting any additional equipment or tools. Additionally, it assists manufacturers to create patient-specific devices or devices with very complex internal structures. Such capabilities have sparked huge interest in 3D printing of medical devices and products.
Based on component, the 3D printing medical devices market is segmented into software and service, equipment, and material. Based on technology, the market is segmented into laser beam melting, photopolymerization, droplet deposition/extrusion based technologies, and electron beam melting. By application, the 3D printing medical devices market is segmented into custom prosthetics and implants, surgical guides, tissue engineering products, surgical instruments, hearing aids, wearable medical devices, and standard prosthetics and implants. Based on end-user, the 3D printing medical devices market is segmented into hospitals and surgical centers, dental and orthopedic centers, medical device companies, pharmaceutical and biotechnology companies, academic and research institutes, and others.
Global Agency for Orthopedic, World Health Organization, and International Society for Prosthetics and Orthotics are among the primary and secondary sources referred to while preparing the report on the 3D printing medical devices market.