Medical Device Additive Manufacturing Market Analysis by 2031
The medical device additive manufacturing market size is projected to reach US$ 25.62 billion by 2031 from US$ 6.93 billion in 2023. The market is expected to register a CAGR of 17.7% during 2023–2031. The development of novel medical devices using CAD-CAM and 3D printing and the demand for personalized medicine are likely to remain key trends in the market.
Medical Device Additive Manufacturing Market Analysis
The additive manufacturing (AM) method, also known as 3D printing, has the potential to produce innovative medical devices and instrumentation, including orthoses, prostheses, medical models, inert implants, and biomanufacturing. AM allows companies to provide extensive customization based on individual patient requirements for medical applications by saving time and reducing the wastage of raw materials. The technique helps overcome the constraints of conventional manufacturing methods—mainly associated with mass customization, fabrication, milling, casting, forging, and so on. Additionally, recent advancements in biomaterials catalyze the clinical implications of healthcare products using AM technology.
Medical Device Additive Manufacturing Market Overview
As highlighted by the AM3D Printing annual medical report by A. S. of Mechanical Engineers (ASME), material extrusion was found to be the most popular category with 55% usage in 2022, followed by vat photopolymerization with 57% and powder bed fusion with 51% acceptance rate. The rest of the processes had a shorter contribution in the medical sector. The US Food and Drug Administration (FDA) encourages the utilization of advanced technologies, including medical device additive manufacturing, to yield better outputs. For instance, in June 2023, the FDA established an additive manufacturing lab to enhance its readiness to handle medical device issues during premarket and post market stages. Therefore, the increasing investments in life science research and medical device technology by the government and private sectors favor medical device additives manufacturing market growth.
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Medical Device Additive Manufacturing Market: Strategic Insights
Medical Device Additive Manufacturing Market
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![](https://www.theinsightpartners.com/assets/images/rd_int_img/cagr.png)
CAGR (2023 - 2031)
17.7%
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Market Size 2023
US$ 6.93 Billion
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Market Size 2031
US$ 25.62 Billion
Market Dynamics
GROWTH DRIVERS
- Mounting Demand for Additive Manufacturing in Orthopedics and Dental Sectors Increase the Medical Device Additive Manufacturing Market Growth
FUTURE TRENDS
- Advancements in Biomaterials Catalyze the clinical implications of healthcare products using AM technology
OPPORTUNITIES
- Demand for Personalized Medicine Increase the Utilization of Additive Manufacturing Technology
Key Players
- 3D Systems, Inc
- GE Additives
- Materialise NV
- 3T Additive Manufacturing Limited
- Renishaw plc
- Stratasys Ltd
- Vaupell, Inc
- PRECISION ADM INC
- EOS Gmbh
- ALLEVI, Inc
Regional Overview
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
Technology
- Laser Sintering
- Electron Beam Melting
- Stereolithography
- Extrusion
Product
- Surgical Guides
- Surgical Instruments
- Implants & Prosthetics
- Tissue Engineering
- Other Products
Drug Type
- Small-Molecule Drugs
- Biologic Drugs
Application
- Dental
- Orthopedic
- Bioengineering
- Craniomaxillofacial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Customize Research To Suit Your Requirement
We can optimize and tailor the analysis and scope which is unmet through our standard offerings. This flexibility will help you gain the exact information needed for your business planning and decision making.
Medical Device Additive Manufacturing Market: Strategic Insights
-
CAGR (2023 - 2031)17.7% -
Market Size 2023
US$ 6.93 Billion -
Market Size 2031
US$ 25.62 Billion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/tip-logo.jpg)
Market Dynamics
- Mounting Demand for Additive Manufacturing in Orthopedics and Dental Sectors Increase the Medical Device Additive Manufacturing Market Growth
- Advancements in Biomaterials Catalyze the clinical implications of healthcare products using AM technology
- Demand for Personalized Medicine Increase the Utilization of Additive Manufacturing Technology
Key Players
- 3D Systems, Inc
- GE Additives
- Materialise NV
- 3T Additive Manufacturing Limited
- Renishaw plc
- Stratasys Ltd
- Vaupell, Inc
- PRECISION ADM INC
- EOS Gmbh
- ALLEVI, Inc
Regional Overview
![](https://www.theinsightpartners.com/assets/images/rd_int_img/ig-regional.png)
- North America
- Europe
- Asia-Pacific
- South and Central America
- Middle East and Africa
Market Segmentation
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_danger.png)
- Laser Sintering
- Electron Beam Melting
- Stereolithography
- Extrusion
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Surgical Guides
- Surgical Instruments
- Implants & Prosthetics
- Tissue Engineering
- Other Products
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_primary.png)
- Small-Molecule Drugs
- Biologic Drugs
![](https://www.theinsightpartners.com/assets/images/rd_int_img/cust_bullet_warning.png)
- Dental
- Orthopedic
- Bioengineering
- Craniomaxillofacial
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Medical Device Additive Manufacturing Market Drivers and Opportunities
Mounting Demand for Additive Manufacturing in Orthopedics and Dental Sectors to Favor Market
Permanent orthopedic implants such as joint replacements for the knee, hip, or wrist or some of the temporary fixation devices such as plates, pins, screws, and wires can be inserted into the body to let fractured bones heal within a short period. These devices are designed using AM technologies and offer advantages such as choice of customization, option for appropriate and wide range of materials, and the ability to design complex shapes and structures. Propelling incidences of orthopedic interventions and endodontic operations are significant drivers of medical device additive manufacturing market share.
Demand for Personalized Medicine
The healthcare industry is increasingly focused on achieving better patient outcomes through personalized medical devices that match each patient's anatomy or physiology. Examples include orthopedic implants and prosthetic leg sockets. Personalized medical devices offer several advantages, including reducing the cost of care, improving functionality and aesthetics, and increasing load distribution. Advanced technologies such as additive manufacturing and medical imaging can support the design and manufacturing. As per an article published by the MDPI Journals in April 2022, tailoring drug doses, dosage forms, and drug release adjustments to individual patients can optimize their therapy. Extrusion-based 3D printing techniques, such as fused filament fabrication (FFF) and semi-solid extrusion (SSE), are versatile, precise, feasible, and cost-effective. Hence, AM technology is seen to have a positive impact on the market, as it has an opportunity to customize medical devices to cater to the specific needs of the patients.
Medical Device Additive Manufacturing Market Report Segmentation Analysis
Key segments that contributed to the derivation of the medical device additive manufacturing market analysis are technology, product, and application.
- The medical device additive manufacturing market is segmented based on technology into laser sintering, electron beam melting, stereolithography, and extrusion. The laser sintering segment held the largest market share in 2023.
- By product, the market is segmented into surgical guides, surgical instruments, implants & prosthetics, tissue engineering, and other products. The surgical instruments segment held the largest share of the market in 2023.
- By application, the market is segmented into dental, orthopedic, bioengineering, and craniomaxillofacial. The orthopedic segment held a significant share of the market in 2023.
Medical Device Additive Manufacturing Market Share Analysis by Geography
The geographic scope of the medical device additive manufacturing market report is mainly divided into five regions: North America, Asia Pacific, Europe, Middle East & Africa, and South & Central America. Asia Pacific is expected to grow with the highest CAGR in the coming years.
The medical device additive manufacturing market in North America is analyzed based on the three major countries: the US, Canada, and Mexico. The US is estimated to have a larger share of the North America medical device additive manufacturing market in 2023. The growth in this region is characterized by increased demand for customized devices and advancements in medical device technologies supported by many investors and government funding.
Moreover, increasing focus on advanced method incorporation in healthcare, government, and private initiatives for the promotion of early disease diagnosis and increasing focus toward research in customized medical devices is further expected to stimulate the growth and contribute to exceptional revenue generation for the medical device additive manufacturing market in North America.
Medical Device Additive Manufacturing Market Report Scope
Report Attribute | Details |
---|---|
Market size in 2023 | US$ 6.93 Billion |
Market Size by 2031 | US$ 25.62 Billion |
Global CAGR (2023 - 2031) | 17.7% |
Historical Data | 2021-2022 |
Forecast period | 2024-2031 |
Segments Covered |
By Technology
|
Regions and Countries Covered | North America
|
Market leaders and key company profiles |
- Sample PDF showcases the content structure and the nature of the information with qualitative and quantitative analysis.
Medical Device Additive Manufacturing Market News and Recent Developments
The medical device additive manufacturing market is evaluated by gathering qualitative and quantitative data from primary and secondary research, which includes essential corporate publications, association data, and databases. A few of the developments in the medical device additive manufacturing market are listed below:
- Precision ADM, Inc. received approval from Health Canada for its CANSWAB nasopharyngeal swabs, the first Canadian-made COVID-19 testing products. The 3D-printed swabs have been clinically tested and proven to be as effective as traditional flocked swabs. Precision ADM has secured a facility to manufacture and ship hundreds of thousands of CANSWAB nasopharyngeal swabs weekly. (Source: Precision ADM, Inc, Press Release, July 2020)
- Armadillo Additive, a contract manufacturer based in Granbury, Texas, USA, launched a new advanced metal additive manufacturing facility. The facility focuses on precision engineering for the medical device sector. The company has installed a FormUp 350 Laser Beam Powder Bed Fusion (PBF-LB) additive manufacturing machine from AddUp and specializes in producing Ti-6Al-4V Grade 23 titanium products. (Source: Armadillo Additive, Inc., Press Release, February 2024)
Medical Device Additive Manufacturing Market Report Coverage and Deliverables
The “Medical Device Additive Manufacturing Market Size and Forecast (2021–2031)” report provides a detailed analysis of the market covering below areas:
- Medical device additive manufacturing market size and forecast at global, regional, and country levels for all the key market segments covered under the scope
- Medical device additive manufacturing market trends, as well as market dynamics such as drivers, restraints, and key opportunities
- Detailed PEST/Porter’s Five Forces and SWOT analysis
- Medical device additive manufacturing market analysis covering key market trends, global and regional framework, significant players, regulations, and recent market developments
- Industry landscape and competition analysis covering market concentration, heat map analysis, prominent players, and recent developments in the medical device additive manufacturing market
- Detailed company profiles
![Report Coverage](https://www.theinsightpartners.com/assets/rdimages/report_coverage.png)
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
![Segment Covered](https://www.theinsightpartners.com/assets/rdimages/segment_covered.png)
Segment Covered
Technology ; By Product ; and By Application , and Geography
![Regional Scope](https://www.theinsightpartners.com/assets/rdimages/regional_scope.png)
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
![Country Scope](https://www.theinsightpartners.com/assets/rdimages/country_scope.png)
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, United Arab Emirates, United Kingdom, United States
Frequently Asked Questions
North America dominated the medical device additive manufacturing market in 2023.
Factors Including mounting demand for additive manufacturing in healthcare, recent advancements in biomaterials, rising government funding and product launches by the market players are the driving factors the medical device additive manufacturing market growth.
Development of novel medical devices using CAD-CAM and 3D printing and the demand for personalized medicine are future trends in the market.
3D Systems, Inc; GE Additives; Materialise NV; 3T Additive Manufacturing Limited; Renishaw plc; Stratasys Ltd; Vaupell, Inc; PRECISION ADM INC; EOS Gmbh; and ALLEVI, Inc are some leading players operating in the medical device additive manufacturing market.
The medical device additive manufacturing market is estimated to reach US$ 25.62 billion by 2031.
The medical device additive manufacturing market is anticipated to grow at a CAGR of 17.7% during 2023-2031.