3D Printing Polymer Material Market for Medical Application Growth and Forecast by 2028

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.

Polymers are one of the major 3D printing materials. Polymer 3D printing is an emerging technology that has greater applications in industries, particularly in the medical field. 3D printing polymer material consists of polyether ether ketone, polymethylmethacrylate, and polylactic acid. One of the major driver for the 3D printing polymer material market growth is an increasing use of 3D printing in dentistry for various applications. In dentistry, the use of 3D printing has seen a rapid increase. 3D printing technology is highly used by dentists to replace or repair a damaged tooth, create an orthodontic model, and produce crowns, caps, and dentures.

In 2020, North America held the largest revenue share of the global 3D printing polymer material market for medical application. Rising aging population and increasing exposure to loud noises due to the rapid urbanization and industrialization in North America are leading to an increase in the deaf population. This is fostering the demand for hearing aid devices and subsequently favoring the growth of the North America 3D printing polymer material market for medical application. As per the Survey of Income and Program Participation (SIPP), over 600,000 people in the US are deaf, and approximately 28 million of the country's population is suffering from partial deafness. Hence, the region is witnessing a demand for hearing aid devices and providing lucrative opportunities for 3D polymer material manufacturers to expand their market share in North America.

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3D Printing Polymer Material Market: Strategic Insights

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Impact of COVID-19 Pandemic on 3D Printing Polymer Material Market for Medical Application

Before the COVID-19 pandemic, the 3D printing polymer material market for medical application was growing due to high demand for polymers in 3D printing to make different medical devices, instruments, customized implants, and medical models. However, in 2020, various industries had to slow down their operations due to disruptions in value chains caused by the shutdown of national and international boundaries. The COVID-19 pandemic has adversely affected economies and industries in various countries due to lockdowns, travel bans, and business shutdowns. The demand for 3D printing polymer materials in application such as dental implants, dental prosthetics, implant accessories, hearing aids has reduced due to low demand for these products. However, the demand for 3D printing polymers have increased during the COVID-19 pandemic for the production of different personal protective equipment and medical devices.

Polymer 3D printing has established itself as a viable technology to produce ventilator valves, safety goggles, protective face shields, and testing swabs during the pandemic.

Market Insights
Increasing Use of 3D Printing in Dentistry

In dentistry, the use of 3D printing has seen a rapid increase. 3D printing offers various advantages over the subtractive/milling techniques. It allows the production of complex geometries with ease and reduces wastage of material, which is generally lost to milling. 3D printing allows for multiple appliances to be printed at once. Accuracy is also improved with 3D printing. Applications of 3D printing technology in dentistry are wide ranging.

Oral diseases are a major health burden for different countries across the globe and affect people throughout their lifetime. According to the Global Burden of Disease 2017, untreated tooth decay in permanent teeth is the most common health condition. The prevalence of oral diseases continues to increase with rising urbanization and changing living conditions. Different dental products manufactured by using 3D printing technology find extensive applications in the restoration of the dental structure. Hence, the high incidence of dental caries and other dental diseases leads to an increasing use 3D printed products in dentistry.

Application Insights

Based on application, the global 3D printing polymer material market for medical application is segmented into dental and hearing aids. The dental segment held a larger share in the 3D printing polymer material market for medical application in 2020. The 3D printing polymer material market for medical application growth for the segment can be attributed to the high uptake of polymer materials for designing scaffolds structures due to their improved biological and mechanical properties, ease in processing, low production cost, and lightweight properties than metals and ceramics.

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. are among the players operating in the global 3D printing polymer material market for medical application. Market players focus on providing high quality products to meet the customer demand.
 

3D Printing Polymer Material Market Regional Insights

The regional trends and factors influencing the 3D Printing Polymer Material Market throughout the forecast period have been thoroughly explained by the analysts at The Insight Partners. This section also discusses 3D Printing Polymer Material Market segments and geography across North America, Europe, Asia Pacific, Middle East and Africa, and South and Central America.

3D Printing Polymer Material Market Report Scope

3D Printing Polymer Material Market Players Density: Understanding Its Impact on Business Dynamics

The 3D Printing Polymer Material Market is growing rapidly, driven by increasing end-user demand due to factors such as evolving consumer preferences, technological advancements, and greater awareness of the product's benefits. As demand rises, businesses are expanding their offerings, innovating to meet consumer needs, and capitalizing on emerging trends, which further fuels market growth.

Market players density refers to the distribution of firms or companies operating within a particular market or industry. It indicates how many competitors (market players) are present in a given market space relative to its size or total market value.

Major Companies operating in the 3D Printing Polymer Material Market are:

1. Evonik Industries AG
2. STRATASYS LTD
3. Formlabs
4. Henkel AG & COMPANY, KGAA
5. Arkema

Disclaimer: The companies listed above are not ranked in any particular order.

Report Spotlights

• Progressive industry trends in the 3D printing polymer material market for medical application to help players develop effective long-term strategies
• Business growth strategies adopted by developed and developing markets
• Quantitative analysis of the 3D printing polymer material market for medical application from 2019 to 2028
• Estimation of global demand for 3D printing polymer material
• Porter’s Five Forces analysis to illustrate the efficacy of buyers and suppliers operating in the industry
• Recent developments to understand the competitive market scenario
• Market trends and outlook as well as factors driving and restraining the growth of the 3D printing polymer material market for medical application
• Assistance in decision-making process by highlighting market strategies that underpin commercial interest, leading to the market growth
• The size of the 3D printing polymer material market for medical application size at various nodes
• Detailed overview and segmentation of the market, as well as the 3D printing polymer material industry dynamics
• Size of the 3D printing polymer material market for medical application in various regions with promising growth opportunities

3D Printing Polymer Material Market for Medical Application

Material

• Polyether Ether Ketone
• Polymethylmethacrylate
• Polylactic Acid
• Others

Application

• Dental
  • Dental Implants
  • Dental Prosthetics
  • Implant Accessories
  • Others
• Hearing Aids

Company Profiles

• Evonik Industries AG
• STRATASYS LTD
• Formlabs
• Henkel AG & COMPANY, KGAA
• Arkema
• BASF SE
• Roboze
• Bionic Production GmbH
• Orion Additive Manufacturing GmbH
• Solvay S.A.