3d printing polymer material Market

The 3D printing polymer material market for medical application was valued at US$ 930.70 million in 2021 and is projected to reach US$ 2,253.65 million by 2028; it is expected to grow at a CAGR of 13.5% from 2021 to 2028.  

Polymer 3D printing has gained popularity in various industries, especially in the medical sector. The global market for 3D printing polymer materials for medical applications is categorized based on material, application, and geography. The market growth is driven by the high demand for 3D printed hearing aids and the increasing use of 3D printing in dentistry for various applications. To fuel growth in the 3D printing polymer material market for medical applications, industry players are focusing on developing innovative polymers for medical 3D printing. However, the market growth is hampered by the availability of substitute products.

The global 3D printing polymer material market for medical applications is segmented based on application into dental and hearing aids, with the dental segment holding a larger market share in 2020. The dental segment is a prominent application area in the market due to the increasing use of various polymer materials in 3D dental structures. Additionally, polymer-based materials are widely used in the dental segment as they help achieve complex-shaped 3D designs with high accuracy, which is crucial for prosthetic dentistry.

The largest revenue share of the global 3D printing polymer material market for medical application was held by North America in 2020. The market includes the US, Canada, and Mexico, with the US being a major contributor to the market. The rising demand for hearing aid devices in North America presents opportunities for manufacturers of 3D polymer materials to increase their market share in the region. The high demand for hearing aid devices, driven by the increase in the deaf population and the wide applications of these materials in the medical field, has led to the flourishing of the 3D printing polymer materials market for medical applications in North America.

There are several key players in the global 3D printing polymer material market for medical application, 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 market players operate their production and distribution services in various countries worldwide to cater to a wider customer base. The focus of these players is to provide high-quality products that meet customer demand.

The overall global 3D printing polymer material market size for medical application has been derived using both primary and secondary source. To begin the research process, exhaustive secondary research has been conducted using internal and external sources to obtain qualitative and quantitative information related to the market. Also, multiple primary interviews have been conducted with industry participants to validate the data, as well as to gain more analytical insights into the topic. The participants of this process include industry experts such as VPs, business development managers, market intelligence managers, and national sales managers, along with external consultants such as valuation experts, research analysts, and key opinion leaders, specializing in the 3D printing polymer material market for medical application.