3D Printing Polymer Material Market Research Report and Outlook by 2028

In 2021, the market for 3D printing polymer materials used in medical applications was valued at approximately US$ 930.70 million, with projections indicating it will grow to around US$ 2,253.65 million by 2028. This growth represents a compound annual growth rate (CAGR) of 13.5% from 2021 through 2028.

3D printing with polymers has become increasingly popular across various sectors, particularly within the medical field. The global market for these materials is segmented by type of material, application, and geographical region. The expansion of this market is primarily driven by the rising demand for 3D printed hearing aids and the growing application of 3D printing technologies in dentistry. To support the growth of the 3D printing polymer material market in medical applications, companies are concentrating on the development of advanced polymers specifically designed for medical 3D printing. Nevertheless, the market faces challenges due to the presence of alternative products.

The segmentation of the global 3D printing polymer material market for medical applications includes categories such as dental and hearing aids, with the dental sector commanding a significant share of the market in 2020. The dental segment is particularly noteworthy due to the increasing adoption of various polymer materials in the creation of 3D dental structures. Furthermore, polymer-based materials are extensively utilized in dentistry as they enable the production of complex 3D designs with exceptional precision, which is essential for prosthetic applications.

In 2020, North America held the largest share of revenue in the global 3D printing polymer material market for medical applications. This region encompasses the United States, Canada, and Mexico, with the US being a key contributor to the market's success. The growing demand for hearing aid devices in North America offers significant opportunities for manufacturers of 3D polymer materials to expand their market presence. The increasing need for hearing aids, driven by a rise in the deaf population and the diverse applications of these materials in healthcare, has contributed to the robust growth of the 3D printing polymer materials market in this region.

Several prominent companies are active in the global 3D printing polymer material market for medical applications, including Evonik Industries AG, STRATASYS LTD, Formlabs, Henkel AG & COMPANY, KGAA, Arkema, BASF SE, Roboze, Bionic Production GmbH, Orion Additive Manufacturing GmbH, and Solvay S.A. These companies operate their manufacturing and distribution networks across various countries to serve a broader customer base. Their primary focus is on delivering high-quality products that align with customer needs.

The overall size of the global 3D printing polymer material market for medical applications has been determined through a combination of primary and secondary research methods. The research process began with extensive secondary research utilizing both internal and external sources to gather qualitative and quantitative data relevant to the market. Additionally, numerous primary interviews were conducted with industry stakeholders to validate the findings and gain deeper analytical insights. Participants in this research included industry experts such as vice presidents, business development managers, market intelligence managers, and national sales managers, as well as external consultants like valuation experts, research analysts, and key opinion leaders specializing in the 3D printing polymer material market for medical applications.