South and Central America 3D Printing Medical Devices Market Trends and Analysis by 2028

The South & Central America 3D printing medical devices market is expected to reach US$ 214.6 million by 2028 from US$ 84.1 million in 2021; it is expected to grow at a CAGR of 14.3% from 2021 to 2028.

3D printers are used to manufacture a variety of medical devices, including those with complex geometry or features that match a patient’s unique anatomy. A few devices are printed from a standard design, and then multiple identical copies of the same device are made. Other devices, called patient-matched or patient-specific devices, are created from the patient-specific imaging data. The choice of technology used for 3D printing depends on many factors, including the intended use of printed products and the simplicity of the printer, among others. Powder bed fusion is the most common technology used for the 3D printing of medical devices. This technique is compatible with various materials used in medical devices, such as titanium and nylon. With 3D printing, creating patient-specific, tactile reference models from CT and MRI scans is both affordable and simple. These models provide an additional perspective that helps physicians better prepare for surgeries, resulting in drastically reduced time and cost of an actual procedure performed within an operating room. This may benefit patients through greater satisfaction, lowered anxiety, and shortened recovery time. In addition to this, the launch of new biocompatible medical 3D printing materials helps in the development of new surgical tools and techniques with the ultimate goal of improving the clinical experience during surgery. The tools that can be printed using 3D printing techniques include sterilizable fixation trays, contouring templates, and implant sizing models, which can be used to size implants in the operating room before the first cut, allowing surgeons to save time and improve accuracy during complex procedures.

COVID-19 cases are on the rise in South and Central America; the rising number of cases in Brazil, Peru, Chile, Ecuador, and Venezuela is anticipated to have a negative impact on the market. There has been an increase in the number of cases in South American countries since the outbreak of COVID-19's second wave. According to the International Council of Nurses, due to high virus transmission, the number of mortalities among health professionals in Brazil is higher than in other nations. As Brazil has many populated areas and regions with small houses with 6-7 people per house, the virus spreads like wildfire. Currently, the south and Central American countries are speedily increasing their clinical programs to fight against the covid-19. The covid-19 has impacted the market in negative way owing to disruptions in supply chain of medical devices and increased emphasis of medical devices companies to manufacture PPE kits, gloves, masks and other infection protection kits which has affected the market growth.

With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the 3D printing medical devices market. The South & Central America 3D printing medical devices market is expected to grow at a good CAGR during the forecast period.

South & Central America 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million)

South & Central America 3D Printing Medical Devices Market Segmentation

By Component  

• Software and Services
• Equipment
  • 3D Printers
  • 3D Bioprinters
• Materials
  • Plastics Material
  • Metal and Metal Alloys
  • Bioprinting Biomaterials
  • Wax
  • Others

By Technology

• Laser Beam Melting
  • Direct Metal Laser Sintering
  • Selective Laser Sintering
  • Selective Laser Melting
  • LaserCusing
• Photopolymerization
  • Stereolithography
  • Others
• Droplet Deposition/Extrusion Based Technologies
  • Fused Deposition Modelling
  • Multiphase Solidification
  • Low Temperature Deposition Manufacturing
• Electron Beam melting

By Application

• Custom Prosthetics and Implants
  • Craniomaxillofacial Implants
  • Custom Dental Prosthetics and Implants
  • Custom Orthopaedic Implants
• Surgical Guides
  • Dental Guides
  • Orthopaedic Guides
  • Craniomaxillofacial Guides
  • Spinal Guides
• Tissue Engineering Products
  • Bone and Cartilage Scaffolds
  • Ligaments and Tendons Scaffolds
• Surgical Instruments
  • Surgical Fasteners
  • Scalpels
  • Retractors
• Hearing Aids
• Wearable Medical Devices
• Standard Prosthetic and Implants
• Others

By End-User

• Hospitals and Surgical Centres
• Dental and Orthopaedic Centres
• Medical Device Companies
• Pharmaceutical and Biotechnology Companies
• Academic and Research Institutes
• Others

By Country

• South & Central America
• Brazil
• Argentina
• Rest of South & Central America

Companies Mentioned

• EOS GmbH Electro Optical Systems
• Stratasys Ltd.
• 3D Systems, Inc.
• EnvisionTech, Inc.
• Concept Laser Gmbh (General Electric)
• SLM Solution Group AG
• Renishaw PL

South and Central America 3D Printing Medical Devices Report Scope