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3D Printing in Medical Applications Market Revenue to Attain USD 16.88 Bn by 2033
12 Dec 2024
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3D Printing in Medical Applications Market Revenue and Trends 2023 to 2033
The global 3D printing in medical applications market size is predicted to attain around USD 16.88 billion by 2034 from USD 4.13 billion in 2024, with a CAGR of 16.94% during the forecast period. The increasing use of prosthetics and implants during surgical procedures drives market growth.
Market Overview
3D printing in medical applications refers to the use of 3D printing/additive manufacturing technology to create medical devices and surgical instruments. 3D printing also enables the rapid production of orthotic devices and prosthetics according to patient needs. It is also used to create functional tissues and organs by bioprinting and is also used across several applications in pharmaceutical testing and regenerative medicine.
The rising usage of medical devices is a major factor boosting the growth of the market. Regulatory bodies such as the FDA are setting guidelines to promote the use of 3D printing medical devices. Moreover, collaborations between healthcare professionals and market players are accelerating the production of medical devices.
Ongoing technological advancements further bolster market growth. Implementing advanced technologies like artificial intelligence (AI) or machine learning (ML) helps create customized models of tissues, organs, or implants by processing patient data. AI also helps monitor 3D printing in real time, identifies irregularities or flaws, and enhances the printing and design of several devices.
For instance, in June 2024, Element Materials Technology announced the launch of Element RegNav, its first AI-powered regulatory intelligence platform for medical devices that combines AI with expert guidance to support medical device manufacturers in identifying the regulations, standards, requirements, and testing needed to support the FDA submission process.
Report Highlights of the 3D Printing in Medical Applications Market
By application, the medical implants segment dominated the market in 2023 due to the rising demand for implantable medical devices. The manufacturing process of implantable medical devices is complex. However, 3D printing technology creates complex shapes without any issues. It also enables the design of novel geometry, such as microscopic holes for the blood vessels on spine implants. For instance, in August 2024, Stratasys Ltd. and CollPlant Biotechnologies launched a new type of 3D-printed breast implant made with a special bio-ink that promotes the growth of natural tissues and degrades over time. The new 3D-printed breast implant is a safer option compared to traditional silicone implants.
By raw material, the polymers segment led the market in 2023. Polymers enable designs with various topologies and layouts that cannot be done with the use of other technologies. Polymers enlarge and contract when heated and cooled. Moreover, the low cost of polymers makes them a preferred material.
By technology, the droplet deposition manufacturing segment held the largest share of the market in 2023, as it helps create several models with accurate management of the 3D printing process.
3D Printing in Medical Applications Market Trends
Rising Demand for Customized Implants: The increasing demand for customized prosthetics or dental implants is expected to drive the market. 3D printing has made it possible to create biodegradable, biocompatible implants that suit the particular patient’s requirement. Moreover, it enables quick prototyping of medical devices, accelerating the development process. For instance, in February 2024, Materialise, a 3D printing pioneer and leader in personalized medical solutions, launched its Personalized TMJ Total Arthroplasty System, a solution to treat patients requiring total temporomandibular joint (TMJ) arthroplasty.
Increasing Demand for Regenerative Medicine: 3D printing helps create complex tissue and organ structures that mimic natural human tissues and organs. This is essential for developing scaffolds that promote cell growth and tissue regeneration. For instance, in June 2024, the University of Texas Health Science Center launched its Center for Regenerative Sciences. This new research initiative will focus on developing advanced tissue regeneration strategies and 3D printing of tissues and acellular scaffolds.
Regional Analysis
North America dominated the market in 2023. This is mainly due to the rising advancements in healthcare technologies. The region is recognized as an early adopter of advanced healthcare technology, including 3D printing. The heightened adoption of medical devices. Moreover, there is a significant rise in demand for customized implants, which further contributes to regional market growth.
On the other hand, Asia Pacific is expected to witness the fastest growth in the 3D printing in medical applications market during the forecast period. This is mainly due to the rising usage of surgical devices, coupled with the rising number of surgeries. Moreover, rising government investments in improving healthcare infrastructure and rising adoption of technologies are likely to propel the growth of the market in the region.
3D Printing in Medical Applications Market Coverage
Report Attribute
Key Statistics
Market Revenue in 2024
USD 4.13 Billion
Market Revenue by 2033
USD 16.88 Billion
CAGR
16.94% from 2024 to 2033
Quantitative Units
Revenue in USD million/billion, Volume in units
Largest Market
North America
Base Year
2023
Regions Covered
North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa
3D Printing in Medical Applications Market Players
3D Systems
Markforged
Organovo
EnvisionTEC
Siemens
Arkema
Struktur
Stratasys
Materialise
Formlabs
Market News
In June 2024, Ricoh USA, Inc. established a point-of-care 3D medical device manufacturing facility to improve clinical outcomes and quality of life. The facility provides clinicians with easy and immediate access to development, design, and manufacturing services for patient-specific, 3D-printed anatomic models used for surgical planning and patient education.
In May 2024, Create it REAL announced a plan to launch a new digital ordering platform to facilitate access to its custom orthopedic production services and has developed a suite of technologies tailored to the design and mass customization of 3D printed products and aims to streamline the ordering process for orthopedic professionals.
Market Segmentation
By Applications
Medical Implants
Bioengineering Products
Surgical Guides
Surgical Instruments
By Raw Materials
Polymers
Ceramics
Metals
Biological Cells
By Technology
Electron Beam Melting
Laser Beam Melting
Photo Polymerization
Droplet Deposition Manufacturing
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