Europe Medical Devices Additives Manufacturing Market Key Players and Opportunities by 2027

The Europe medical device additives manufacturing market is expected to reach US$ 1,168.29 million by 2027 from US$ 362.70 million in 2019; it is anticipated to grow at a CAGR of 15.9% during 2019–2027.

The key factors driving the market growth are high investments and expenditure on healthcare and advancing technologies in manufacturing medical devices, strong presence of key market players and the increasing demand for implants of orthopedic, dental and cochlear applications. However, high costs associated to medical device additives manufacturing process is the major factor hindering the market growth in Europe.

Additive manufacturing is a technique used for manufacturing rapid prototypes as well as functional end-use parts. The use of additive manufacturing in the medical industry has witnessed an accelerating adoption in the recent years owing to various technological advancements such as custom-made medical devices. With additive manufacturing being implied in the healthcare industry, the scope for customization and innovation of medical devices has increased considerably over the last few years.

The rising incidence of musculoskeletal and dental diseases and increasing demand for additive manufacturing in healthcare are prime factors contributing to the growth of the market for medical device additives manufacturing. Musculoskeletal conditions affect the human locomotors system, comprising the muscles, bones, joints, tendons, and ligaments. These conditions range from the sudden and acute ones, such as fractures, sprains, and strains, to chronic ones associated with disability and ongoing pain. According to the World Health Organization (WHO), the prevalence and impact of musculoskeletal conditions is likely to rise with the aging world population as well as with the increase in prevalence of risk factors for non-communicable diseases (NCDs). According to the 2018 factsheet by the WHO, musculoskeletal conditions are the second-largest contributor to overall disabilities registered worldwide, with lower back pain being the single leading cause of disability globally.

3D Systems, Inc., GE Additives, Materialise NV, Renishaw plc.are among the major companies in Medical Device Additives Manufacturing market.

European countries were profoundly affected due to the COVID-19 pandemic. For instance, countries such as Italy, Spain, and France have reported the highest number of positive cases and have registered the maximum number of deaths. For instance, according to the European Centre for Disease Prevention and Control, as of July 2020, 203 542 deaths have been registered due to COVID–19. Various companies have undergone severe losses in the last quarter of 2019; they have also faced a negative impact in the year 2020. However, the additive manufacturing market is benefiting through this. The European Association for Additive Manufacturing has requested the European Commission to able to aid in producing medical equipment for hospitals tackled the COVID-19 outbreak. Examples of medical equipment include valves and ventilators. Agency has extended the call to include all AM companies within Europe. Many companies from the European 3Dprinting industry already volunteering to aid hospitals and health centers by proposing the use of their machines.

Italy Medical Device Additives Manufacturing Market, Revenue and Forecast to 2027 (US$ Mn)

 

EUROPE MEDICAL DEVICE ADDITIVES MANUFACTURING MARKET SEGMENTATION

By Technology

• Laser Sintering,
• Electron Beam Melting,
• Stereolithography,
• Extrusion

By Products

• Surgical Guides,
• Surgical Instruments,
• Implants and Prosthetics,
• Tissue Engineering,
• Other Products

By Application

• Orthopedic,
• Bioengineering,
• Craniomaxillofacial

By Country

• Germany
• UK
• France
• Italy
• Spain

Company Profiles

• 3D Systems, Inc.
• GE Additives
• Materialise NV
• Renishaw plc.
• STRATASYS LTD
• VAUPELL, INC.
• EOS Gmbh

Europe Medical Devices Additives Manufacturing Report Scope