Global Medical 3D Printing Market By Type (Bio-Printing Organic Living Cells, and 3D Printing Pharmaceuticals), By Application (Dental Products, Medical Implant, Biological Print, and Other Products), By Region, and Key Companies - Industry Segment Outlook, Market Assessment, Competition Scenario, Trends and Forecast 2020-2029

Market.US announces the publication of its most recent generated research report titled, “Global Medical 3D Printing Market by Product Type (Dental Implants, Surgical Guides, Prosthetics and Implants, Bioprinting & Tissue Engineering and Other product types), By Technology (Mechanical Grinding, Industrial Microbial Enzymes), By Components (System/Device, Materials and Software & Services), By Technology (Electron Beam Melting (EBM) Technology, Laser Beam Melting (LBM) Technology, Photopolymerization and Other technologies) and By Region – Global Forecast 2020 to 2030.”, which offers a holistic view of the Global Medical 3D Printing Market through systematic segmentation which encompasses every aspect of this target market.

The Global Medical 3D Printing Market is projected to reach a value of USD $ 6,422.6 Mn by 2030, from USD $ 1,408.2 Mn in 2020, at a CAGR of 16.7%.

3D printing is also called as additive manufacturing, which allows the fabrication of objects (components, finished or semi-finished products) through the aggregation of successive layers of material added to each other in different sectors providing innovations and advancements. 3D printing produces several models and equipment in several industries, such as automotive, aerospace, and healthcare. The healthcare sector is expected to utilized 3D printing in order to provide an accurate and precise product as per customization. Also, a medical 3D printer can also produce sterile surgical instruments, such as hemostats, forceps, scalpel handles, and clamps. In the medical field, 3D printing can produce customized prostheses to suit and fit the wearer. Amputees usually have to wait for weeks or months before they can receive a prosthesis through traditional means

Government investments for the healthcare industry is key contributing factor for the global medical 3D printing market. For instance, China’s Government provides funding to establish manufacturing facilities to produce biomaterials and study 3D printed organs and tissues. For instance, in 2013, the Ministry of Science and Technology of China announced an investment of US$ 6.5 Mn in 3D printing research and development. Such initiatives are expected to enhance existing standards and fill the gaps in the industry. Moreover, the growing application of 3D printing in transplantation, drug delivery, and 3D printed organs are major drivers in global 3D printing in the healthcare industry.

Global Medical 3D Printing Market Revenue (US$ Mn), 2020–2030

Growing awareness and rising demand for implant customizations during surgical procedures and increasing research and development investments drive global 3D printing in the healthcare market. However, stringent regulatory challenges and socio-ethical concerns, including quality assurance and validation, are some factors that may hamper the growth of the market. Also, limited technical expertise to operate and maintain and the high cost of 3D printing software are some factors restraining the market’s growth

Companies operating in the market focus on adding innovative products to existing product portfolios, expanding offerings, and providing cost-effective solutions to create new revenue opportunities for the market’s growth. The ease of use and low or moderate cost of in-house 3D printing has also revolutionized product development. Many manufacturers have adopted this technology to produce brand-new medical equipment and surgical instruments.

Many researchers and surgeons are using CT scans to create 3D models for training purposes. Researchers use a replica of the spine, heart, or any part of the patient to train trainees effectively. CT scans provide good visualization and simulations for training before the surgery. Then, patients are getting a better understanding of procedures and processes. Thus, it surges the 3D printing applications in the research and academic field and indirectly boosts the market growth.

Global Medical 3D Printing Market Attractiveness Analysis by Product Type, 2014–2030

The research report on the global Medical 3D Printing Market includes profiles of some of the major companies such as Renishaw plc, Stratasys Ltd., 3D Systems Corp., Groupe Gorgé SA (Prodways), Carbon, Inc., SLM Solutions Group AG, ExOne, Anatomics Pty Ltd. & Others.

Key Market Segments

Product Type

• Dental Implants
• Surgical Guides
• Prosthetics and Implants
• Bioprinting & Tissue Engineering
• Other product types

Technology

• Mechanical Grinding
• Industrial Microbial Enzymes

Components

• System/Device
• Materials and Software & Services

Technology

• Electron Beam Melting (EBM) Technology
• Laser Beam Melting (LBM) Technology
• Photopolymerization
• Other technologies

Application

• Dental Products
• Medical Implant
• Biological Print
• Other Products

Key Market Players included in the report:

• Renishaw plc
• Stratasys Ltd.
• 3D Systems Corp.
• Groupe Gorgé SA (Prodways)
• Carbon Inc.
• SLM Solutions Group AG
• ExOne
• Anatomics Pty Ltd.

For the Medical 3D Printing Market research study, the following years have been considered to estimate the market size: