According to a market report by Lucintel, the future of the global 3D printing medical device market looks promising with opportunities in the medical & surgical centers, pharmaceutical & biotechnology, and academic institutions. The global 3D printing medical device market is expected to reach an estimated $4 billion by 2030 from $2.2 billion in 2023, at a CAGR of 7.0% from 2024 to 2030. The major drivers for this market are technological advancements, rising prevalence of osteoarthritis, and increasing public-private funding for 3D printing activities.
A more than 150-page report to understand trends, opportunity and forecast in 3D printing medical device market to 2030 by technology (laser beam melting, photo polymerization, electron beam melting, droplet deposition, and three-dimensional printing (3DP)), component (equipment, materials (plastics, ceramics, and metal), software & services, and others), application (surgical guides, surgical instruments, prosthetics and implants, tissue engineering products, and others), end use (medical and surgical centers, pharmaceutical & biotechnology, etc.), and regions.
Lucintel forecasts that the photo polymerization technology based 3D printing market is expected to witness the highest growth over the forecast period due to the widespread application of this technology across the medical industry, such as manufacturing surgical guides (orthopedic and dental), prosthetics and implants, porous scaffolds, and dental restorations.
Within the 3D printing technology market, equipment, materials, and software & services are major component type. The software & services market is expected to witness the highest growth due to the advent of ongoing technological advancements in software solutions to produce high-quality 3D printed medical products.
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North America is expected to remain the largest market during the forecast period mainly due to the rapid adoption of this technology, established medical infrastructure, and ongoing R&D activities. APAC is likely to witness the highest growth over the forecast period due to establishment of new 3D printing research, training, and education centers and growing efforts by leading market players for expanding their distribution networks in emerging Asian countries.
3D Systems Corporation, Stratasys, GE Healthcare, Materialise NV, Renishaw are the major suppliers in the 3D printing medical device market.
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