3D Printing Medical Devices Market is expected to reach US$ 6,583.50 million by 2028

According to our latest study on "3D Printing Medical Devices Market Forecast to 2028 - COVID-19 Impact and Global Analysis - by Component, Technology, Application, and End User," the market is projected to reach US$ 6,583.50 million by 2028 from US$ 2,123.11 million in 2021; it is expected to grow at a CAGR of 17.5% from 2021 to 2028. The report highlights the key factors driving the market growth and prominent players with their developments in the printing medical devices market.

Market Segmentation

The 3D printing medical devices market is segmented based on component, technology, application, end user, and geography. Based on component, the 3D printing medical devices market is bifurcated into Software and Services, Equipment {3D Printers, 3D Bioprinters}, Materials {plastics material, metal and metal alloys, bioprinting biomaterial, wax material, and others}. Based on technology, the 3D printing medical devices market is segmented into laser beam melting {direct metal laser sintering, selective laser sintering, selective laser melting, LaserCusing}, Photopolymerization {Stereolithography, Others}, droplet deposition/extrusion based technologies {fused deposition modelling, multiphase solidification, low temperature deposition manufacturing}, Electron Beam Melting. Based on application, the 3D printing medical devices market is segmented into custom prosthetics and implants {craniomaxillofacial implants, custom dental prosthetics and implants, custom orthopedic implants}, surgical guides {dental orthopedic, craniomaxillofacial, spinal guides}, tissue engineering products {bone and cartilage scaffolds, ligament and tendons scaffolds}, surgical instruments {surgical fasteners, scalpels, retractors}, Hearing Aids, Wearable Medical Devices, Standard Prosthetics and Implants. Based on end user, the 3D printing medical devices market is bifurcated into hospitals and surgical centers, dental and orthopedic centers, medical device companies, pharmaceutical and biotechnology companies, academic and research institutes, and others. Geographically, the 3D printing medical devices market is segmented into North America (US, Canada, and Mexico), Europe (UK, Germany, France, Italy, Spain, and Rest of Europe), Asia Pacific (China, Japan, India, Australia, South Korea, and Rest of Asia Pacific), the Middle East & Africa (UAE, Saudi Arabia, Africa, and Rest of Middle East & Africa), and South and Central America (Brazil, Argentina, and Rest of South and Central America).

The material segment held the largest share of the 3D printing medical devices market in 2021. However, the software and service segment is expected to register the highest CAGR of 23.1% during 2021-2028.

Market Players

Leading companies in the 3D printing medical devices market include EOS GmbH Electro Optical Systems, Renishaw PLC, Stratasys Ltd., 3D Systems, Inc., EnvisionTech, Inc., Concept Laser Gmbh (General Electric), 3T RPD Ltd., Proadways Group, SLM Solution Group AG, and Cellink.

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