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3D Printing in Medical Applications Market Overview
In the coming years, the global 3D printing in medical applications market size is projected to grow significantly due to the emerging trend of patient-specific products, technological advancements, and increasing support from government as well as private organizations.
The different medical applications of 3D printing are surgical instruments, bioengineering, surgical guides, and medical implants. Out of these, the medical implants application is expected to witness the fastest growth in the near future in the 3D printing in medical applications market, which is attributed to the rising requirement of 3D printing for customizing medical implants that will offer high success rate and value to both the patients and healthcare providers. The category is further divided into cranio-maxillofacial, dental, and orthopedic, among which, the dental and orthopedic applications are predicted to witness considerable growth in the coming years.
The raw materials utilized in 3D printing for medical applications are polymers, ceramics, biological cells, and metals. Out of these, polymers are majorly utilized in the 3D printing in medical applications market, as these materials have biocompatible properties. However, the manufacturers are focusing on the development of biological cells for medical applications in order to obtain perfect results.
The different technologies in the 3D printing in medical applications market are droplet deposition manufacturing, electron beam melting, laser beam melting, and photopolymerization. Among all these, the photopolymerization technology accounted for the major share of the market in the past, as this technology focuses on capturing detailed and highly complex geometry and offers high resolution.
When geography is taken into consideration, North America held the largest 3D printing in medical applications market share in the past, primarily because of the rising research & development investment, which, in turn, is due to the increased focus on technological advancements. The fastest growth is expected to be registered by Europe in the coming years, which is attributed to the rising funding by public and private organizations.
3D Printing in Medical Applications Market Dynamics
One of the major driving factors for the 3D printing in medical applications market growth is the increasing funding by various public and private organizations for providing opportunities to start-ups which are involved in 3D printing. The funding is particularly meant for increasing research and development activities and exploring further applications of 3D printing in the medical field. For example, in April 2018, a Shanghai based start-up, Arigin Medical Co. Ltd., which is focusing on providing medical 3D printing solutions in the field of orthopedics, completed its series A investment round, securing tens of millions RMB in finance.
3D Printing in Medical Applications Market Competitive Landscape
The major players in the 3D printing in medical applications market are engaging in partnerships and collaborations and developing new products in order to increase their share in the market. For example, Amann Girrbach AG, a supplier of digital dental prosthetic solutions, entered into a partnership with 3D Systems Inc. in October 2018 for expanding Ceramill system digital dental workflow with the help of 3D Systems’ NextDent 5100 3D printing solution.
In addition to this, in April 2018, EnvisionTEC GmbH announced the launch of two new medical-grade materials which make printing parts for implantation in human easy and safe. These biomaterials are suitable for usage in biosensor housing, drug release, wound repair, and bone regeneration. Other key players operating in the global 3D printing in medical applications market include EOS GmbH Electro Optical Systems, Stratasys Ltd., Materialise NV, Nanoscribe GmbH, and Voxeljet AG.
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