Mélange Health

$ 2.39 Billion Growth Expected in 3D Printing Medical Devices Market | COVID-19 Impact Analysis in Q1 2021| North America to Notice Maximum Growth | Technavio

NEW YORK, May 12, 2021 The global 3D printing medical devices market by application (orthopedic and spinal, dental, hearing aids, and others) and geography (North America, Europe, Asia, and ROW) has been added to Technavio’s offering. The global 3D printing medical devices market is expected to grow by USD 2.39 billion, at a CAGR of almost 18% during 2021-2025.

The market witnessed a slight decline in demand in 2020 due to the outbreak of COVID-19. Several market vendors were forced to manufacture PPE kits to meet the growing demands of healthcare professionals. This brought significant revenue for vendors in the 3D printing medical devices market. However, the reopening of manufacturing units in Q4 2020 coupled with the removal of restrictions is expected to have a positive influence on market growth in 2021.

The market is expected to be driven by factors such as the increased demand for personalized or customized medical devices, increasing adoption of 3D printing technology by medical professionals, and rising cost efficiency and enhanced productivity.

Request a Free Sample Report

3D Printing Medical Devices Market: Opportunities

Governments across the world are increasing their healthcare budgets and introducing various healthcare programs. For instance, the Ministry of Food and Drug Safety in South Korea is exploring fast-track approval options for 3D-printed medical devices. Besides, the rapid growth of the aging population and rising disposable incomes have increased the need for advanced healthcare. Many such factors are expected to create significant growth opportunities for market vendors during the forecast period.

3D Printing Medical Devices Market: Segmentation by Application

Based on the segmentation by application, the market generated maximum revenue in the orthopedic and spinal 3D printing medical devices segment in 2020. The segment is driven by the increasing adoption of 3D printing by hospitals and ambulatory surgery centers to fabricate orthopedic implants. Also, the increasing prevalence of orthopedic and spinal disorders, rising demand for patient-specific orthopedic and spinal implants, growing need for advanced surfaces and structures in the implants, and the aging population are expected to contribute to the growth of the segment during the forecast period.

3D Printing Medical Devices Market: Segmentation by Geography

North America held the largest market share in 2020 and the market growth in the region is expected to be slower compared to the growth of the market in Asia and Europe. The growth of the market in North America can be attributed to the availability of improved healthcare infrastructure, high adoption of 3D printing medical devices in healthcare facilities, and the presence of established vendors. In addition, the proliferation of vendors in the region will fuel the growth of the 3D printing medical devices market during the forecast period.

Develop strategies to make the most of future growth opportunities

Grab an Exclusive Report Now!

3D Printing Medical Devices Market: Major Vendors

3D Systems Corp.

The company offers 3D printing medical devices such as ProJet 360, ProJet 460 Plus, ProJet 5500X, and ProJet 3500 HDMax.

Autodesk Inc.

The company offers productive business solutions through powerful technology products and services. The company offers 3D printing medical devices such as Fusion 360.

EnvisionTEC GmBH

The company offers a wide range of 3D printers with varying surface finishes, functionality, and speed. The company offers 3D printing medical devices such as Micro Plus CDLM, Envision One CDLM HT, Vida HD cDLM, and others.

General Electric Co.

The company offers a range of diagnostic imaging and clinical systems, life science products and services, and digital solutions. The company offers 3D printing medical devices such as Arcam EBM Q10plus.

Materialise NV

The company develops and delivers medical software solutions, medical devices, and other related products and services. The company offers 3D printing medical devices such as materialize mimic InPrint, Materialise 3 Matic Medical and others.

Request for a complete report to know the strategy adopted by Vendors during the COVID-19 recovery phase 

Related Reports on 3D Printing Medical Devices Market:

Global 3D Printing Materials Market – Know about the latest consumer trends, major vendor offerings, and factors impacting the growth of the 3D printing materials market.

Download Exclusive Free Sample Report

Global Dental 3D Printing Devices Market – Global dental 3D printing devices market is expected to witness maximum growth in North America during 2021-2025. Explore information on the production, sustainability, and prospects of several leading companies.

Download Exclusive Free Sample Report

Global 3D Bioprinting Market – Analyze the impact of the COVID-19 pandemic on the 3D bioprinting market, adopt better marketing tactics, and prepare for what’s next.

Download Exclusive Free Sample Report

Global Orthopedic 3D Printed Devices Market – The global orthopedic 3D printed devices market is expected to benefit from the increased demand for personalized or customized orthopedic devices and the rising focus on R&D of 3D bioprinting.

Download Exclusive Free Sample Report

Global 3D Dental Scanners Market – Global 3D dental scanners market is segmented by product (desktop or laboratory 3D dental scanners, intraoral 3D dental scanners, hand-held 3D dental scanners, and CBCT), type (3D dental light scanners and 3D dental laser scanners), and geography (North America, Europe, Asia, and ROW).

Download Exclusive Free Sample Report

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2020
  • Market outlook: Forecast for 2020 – 2025

Five Forces Analysis

  • Five Forces Summary
  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by Application

  • Market segments
  • Comparison by Application
  • Orthopedic and spinal – Market size and forecast 2020-2025
  • Dental – Market size and forecast 2020-2025
  • Hearing aids – Market size and forecast 2020-2025
  • Others – Market size and forecast 2020-2025
  • Market opportunity by Application

Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2020-2025
  • Europe – Market size and forecast 2020-2025
  • Asia – Market size and forecast 2020-2025
  • ROW – Market size and forecast 2020-2025
  • Key leading countries
  • Market opportunity by geography
  • Market drivers
  • Market challenges
  • Market trends

Vendor Landscape

  • Overview
  • Vendor landscape
  • Landscape disruption

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • 3D Systems Corp.
  • Autodesk Inc.
  • EnvisionTEC GmBH
  • Formlabs Inc.
  • General Electric Co.
  • Materialise NV
  • Renishaw Plc
  • SLM Solutions Group AG
  • Stratasys Ltd.
  • The ExOne Company

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Disclaimer: The following Press Release comes to you under a network of a strategic syndication partnership with PR Newswire. Prittle Prattle News takes no editorial responsibility for the same.

Also Read The New Way of Doing Mithai this DiwaliIOB observes Vigilance Awareness

Media of the day

Skip to toolbar