The 3D printing medical devices market is projected to reach US$ 6,583.50 million by 2028 from US$ 2,123.11 million in 2021; it is estimated to grow at a CAGR of 17.5% from 2021 to 2028.
3D printing is used to create patient-specific replicas of bones, organs, and blood vessels, as well as innovative surgical cutting and drill guides, and prosthetics. 3D printing developments in healthcare have resulted in light, strong, and safe products, as well as reduced lead times and costs. Custom parts can be made to fit the needs of an individual.
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3D Printing Medical Devices Market: Strategic Insights
Market Size Value in US$ 2,123.11 Million in 2021 Market Size Value by US$ 6,583.50 Million by 2028 Growth rate CAGR of 17.5% from 2021 to 2028 Forecast Period 2021-2028 Base Year 2021
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3D Printing Medical Devices Market: Strategic Insights
| Market Size Value in | US$ 2,123.11 Million in 2021 |
| Market Size Value by | US$ 6,583.50 Million by 2028 |
| Growth rate | CAGR of 17.5% from 2021 to 2028 |
| Forecast Period | 2021-2028 |
| Base Year | 2021 |
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The 3D printing medical devices market is segmented on the basis of component, technology, application, end user, and geography. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America. The report offers insights and in-depth analysis of the market, emphasizing parameters such as market trends, technological advancements, and market dynamics, along with the analysis of the competitive landscape of the globally leading market players.
Lucrative Regions for 3D Printing Medical Devices Market
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Market Insights
High Occurrence of Dental and Orthopedic Diseases Drive 3D Printing Medical Devices Market Growth during Forecast Period
The use of 3D printing technology has gained prominence in the field of implantable medical devices in recent decades due to its high accuracy and precision, and optimum material utilization abilities. The specialty that can benefit the most from the advantages of these tools is dental, orthopedic surgery and traumatology. 3D printing technology can create implantable medical devices of any shape, simple or complex, without being affected by processing issues. It can solve the problems associated with the design and manufacturing of complex implantable medical devices. The 3D printing technique can also be used to produce personalized and customized implantable medical devices.
Tooth decay is the second most common dental issue in the world. The prevalence of orthodontic problem is common in both males and females, with minor differences based on gender. The possibility of individualized products, savings on small-scale productions, simplified sharing and processing of patient image data, and upgrades in education are the forces driving advancements in 3D printing for medicine and dentistry applications.
Increasing Applications of 3D Printing in Healthcare Sector Contributes Significantly to 3D Printing Medical Devices Market Growth
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.
Product Insights
Based on component, the global 3D printing medical devices market is segmented into software and service, equipment, and material. The market for the equipment segment is further bifurcated into 3D printers and 3D bioprinters. The market for the material segment is subsegmented into plastics material, metal and metal alloys, bioprinting biomaterial, wax material, and others. In 2021, the material segment held the largest share of the market. However, the software and service segment is expected to register the highest CAGR in the market during 2021–2028. 3D printing medical devices, particularly surgical instruments/cutting guides, account for 2% of the biological materials. The 3D printing materials are biocompatible, easily printable with tunable degradation rates, and morphologically mimic living tissues as per the NCBI report. Furthermore, recent advancements in novel biodegradable materials have potential applicability in 3D printing in medicine and pharmaceuticals
End-User Insights
Based on end-users, the 3D printing medical devices market is segmented into hospitals and surgical centers, dental and orthopedic centers, medical device companies, pharmaceutical and biotechnology companies, academic and research institutes, and others. The hospitals and surgical centers segment held the largest market share in 2021 and is expected to hold a significant share in the market during the forecast period.
3D Printing Medical Devices Market, by Product – 2021 and 2028
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Product launches, and mergers and acquisitions are highly adopted strategies by the global 3D printing medical devices market players. A few of the recent key market developments are listed below:
In November 2021, 3D Systems launched its high-throughput 3D printing technologies that are expected to improve the additive manufacturing software and a new production-grade photopolymer. The company supporting the customers experience advanced additive manufacturing performance and productivity in the healthcare and industrial market.
Recent initiatives and collaborations by companies, hospitals, and researchers in utilizing 3D printing during the COVID-19 pandemic and rise in support for local 3D printing efforts were lifesaving. The 3D printing community has refocused its medical attention internationally, capitalizing on centralized large-scale manufacturing facilities and locally distributed manufacturing of verified and tested CAD files. The 3D printing technology can transcend and contribute to each of the main strategic principles in a meaningful way. Communities of the 3D printing industry can leverage the technology to rapidly design and manufacture replacements for essential healthcare equipment in response to the depletion of vital medical supplies.
3D Printing Medical devices – Market Segmentation
The global 3D printing medical devices market is segmented on the basis of component, technology, application, end user, and geography. Based on component, the market is segmented into software and service, equipment, and material. Based on technology, the 3D printing medical devices market is segmented into laser beam melting, photopolymerization, droplet deposition/extrusion based technologies, and electron beam melting. Furthermore, based on application, the market is segmented into custom prosthetics and implants, surgical guides, tissue engineering products, surgical instruments, hearing aids, wearable medical devices, and standard prosthetics and implants. By end-user, the 3D printing medical devices market is segmented into hospitals and surgical centers, dental and orthopedic centers, medical device companies, pharmaceutical and biotechnology companies, academic and research institutes, and others. The market, by geography, is broadly segmented into North America, Europe, Asia Pacific, the Middle East & Africa, and South and Central America.
Company Profiles
- EOS GmbH Electro Optical Systems
- Renishaw PLC
- Stratasys Ltd.
- 3D Systems, Inc.
- EnvisionTech, Inc.
- Concept Laser Gmbh (General Electric)
- 3T RPD Ltd.
- Proadways Group
- SLM Solution Group AG
- CELLINK
Report Coverage
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
Segment Covered
Component, Technology, Application, and End-User
Regional Scope
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
Country Scope
Argentina, Australia, Brazil, Canada, China, France, Germany, India, Italy, Japan, Mexico, Saudi Arabia, South Africa, South Korea, Spain, UAE, United Kingdom, US
Frequently Asked Questions
Food and Drug Administration (FDA) defines 3D printing medical devices as a process creating a three-dimensional object by building successive layers of raw materials. Each new layer is attached to the previous one until the object is complete. The flexibility of 3D printing allows designers to make changes easily without the need to set up additional equipment or tools. Additionally, it assists manufacturers to create devices matched to a patient's anatomy (patient-specific devices) or devices with very complex internal structures. Such capabilities have sparked huge interest in 3D printing of medical devices and products.
Key factors that are driving the growth of this market are the high occurrence of dental and orthopedic diseases and increasing applications of 3D printing in healthcare sector are expected to boost the market growth for the 3D printing medical devices over the years.
The CAGR value of the 3D printing medical devices market during the forecasted period of 2021-2028 is 17.5%.
The material segment held the largest share of the market in the global 3D printing medical devices market and held the largest market share of 49.79% in 2021.
The photopolymerization segment dominated the global 3D printing medical devices market and accounted for the largest market share of 30.74% in 2021.
The custom prosthetics and implants segment dominated the global 3D printing medical devices market and accounted for the largest market share of 34.71% in 2021.
1. Introduction 24
1.1 Scope of the Study. 24
1.2 The Insight Partners Research Report Guidance. 24
1.3 Market Segmentation. 25
1.3.1 Global 3D Printing Medical Devices Market – By Component 26
1.3.2 Global 3D Printing Medical Devices Market – By Technology. 27
1.3.3 Global 3D Printing Medical Devices Market – By Application. 27
1.3.4 Global 3D Printing Medical Devices Market – By End-User. 28
1.3.5 Global 3D Printing Medical Devices Market – By Geography. 28
2. Key Takeaways 30
3. Research Methodology 36
3.1 Coverage. 37
3.2 Secondary Research. 37
3.3 Primary Research. 37
4. 3D Printing Medical Devices Market – Market Landscape 39
4.1 Overview. 39
4.2 PEST Analysis. 39
4.2.1 North America PEST Analysis. 39
4.2.2 Europe PEST Analysis. 40
4.2.3 Asia Pacific PEST Analysis. 40
4.2.4 Middle East And Africa PEST Analysis. 41
4.2.5 South And Central America PEST Analysis. 41
4.3 Experts Opinion. 42
5. 3D Printing Medical Devices Market – Key Market Dynamics 43
5.1 Market Drivers. 43
5.1.1 High Occurrence of Dental and Orthopedic Diseases. 43
5.1.2 Increasing Applications of 3D Printing in Healthcare Sector. 43
5.2 Market Restraints. 44
5.2.1 Stringent Regulatory Process of Approval of 3D-Printed Medical Devices. 44
5.3 Market Opportunities. 44
5.3.1 Rising Adoption for Organ Transplants. 44
5.4 Future Trends. 44
5.4.1 Development of Personalized Medical Products Using 3D Printing. 44
5.5 Impact Analysis. 45
6. 3D Printing Medical Devices Market– Global Analysis 46
6.1 Global 3D Printing Medical Devices Market Revenue Forecast and Analysis. 46
6.2 Global 3D Printing Medical Devices Market, By Geography - Forecast and Analysis. 47
6.3 Market Positioning of Key Players. 47
7. Global 3D Printing Medical Devices Market Revenue and Forecasts To 2028– by Component 48
7.1 Overview. 48
7.2 Global 3D Printing Medical Devices Market, By Component, 2021 & 2028 (%) 48
7.3 Software and Services. 49
7.3.1 Overview.. 49
7.3.2 Software and Services: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 49
7.4 Equipment 50
7.4.1 Overview.. 50
7.4.2 Equipment: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 50
7.4.2.1 3D Printers. 51
7.4.2.1.1 Overview.. 51
7.4.2.1.2 3D Printers: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 52
7.4.2.2 3D Bioprinters. 52
7.4.2.2.1 Overview.. 52
7.4.2.2.2 3D Bioprinters: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 53
7.5 Materials. 54
7.5.1 Overview.. 54
7.5.2 Materials: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 54
7.5.2.1 Plastics Material 55
7.5.2.1.1 Overview.. 55
7.5.2.1.2 Plastics Material: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 55
7.5.2.2 Metal and Metal Alloys. 56
7.5.2.2.1 Overview.. 56
7.5.2.2.2 Metal and Metal Alloys: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 56
7.5.2.3 Bioprinting Biomaterials. 57
7.5.2.3.1 Overview.. 57
7.5.2.3.2 Bioprinting Biomaterials: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 57
7.5.2.4 Wax Materials. 58
7.5.2.4.1 Overview.. 58
7.5.2.4.2 Wax Materials: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 58
7.5.2.5 Others (Ceramics and Paper) 59
7.5.2.5.1 Overview.. 59
7.5.2.5.2 Others (Ceramics and Paper): 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 59
8. 3D Printing Medical Devices Market Revenue and Forecasts To 2028 – Technology 60
8.1 Overview. 60
8.2 Global 3D Printing Medical Devices Market Share by Technology - 2021 & 2028 (%) 60
8.3 Laser Beam Melting. 61
8.3.1 Overview.. 61
8.3.2 Laser Beam Melting: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 61
8.3.2.1 Direct Metal Laser Sintering. 62
8.3.2.1.1 Overview.. 62
8.3.2.1.2 Direct Metal Laser Sintering: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 62
8.3.2.2 Selective Laser Sintering. 63
8.3.2.2.1 Overview.. 63
8.3.2.2.2 Selective Laser Sintering: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 63
8.3.2.3 Selective Laser Melting. 64
8.3.2.3.1 Overview.. 64
8.3.2.3.2 Selective Laser Melting: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 64
8.3.2.4 LaserCusing. 65
8.3.2.4.1 Overview.. 65
8.3.2.4.2 LaserCusing: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 65
8.4 Photopolymerization. 66
8.4.1 Overview.. 66
8.4.2 Polyphotomerization: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 66
8.4.2.1 Stereolithography. 67
8.4.2.1.1 Overview.. 67
8.4.2.1.2 Stereolithography: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 67
8.4.2.2 Others (Digital Light Processing, Two Photon Polymerization, Polyjet Painting) 68
8.4.2.2.1 Overview.. 68
8.4.2.2.2 Others (Digital Light Processing, Two Photon Polymerization, Polyjet Painting): 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 68
8.5 Droplet Deposition/Extrusion Based Technologies. 69
8.5.1 Overview.. 69
8.5.2 Droplet Deposition/Extrusion Based Technologies: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 69
8.5.2.1 Fused Deposition Modelling. 70
8.5.2.1.1 Overview.. 70
8.5.2.1.2 Fused Deposition Modelling: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 70
8.5.2.2 Multiphase Solidification. 71
8.5.2.2.1 Overview.. 71
8.5.2.2.2 Multiphase Solidification: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 71
8.5.2.3 Low Temperature Deposition Manufacturing. 72
8.5.2.3.1 Overview.. 72
8.5.2.3.2 Low Temperature Deposition Manufacturing: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 72
8.6 Electron Beam Melting. 74
8.6.1 Overview.. 74
8.6.2 Electron Beam Melting: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 74
9. 3D Printing Medical Devices Market Revenue and Forecasts To 2028 – Application 75
9.1 Overview. 75
9.2 Global 3D Printing Medical Devices Market Share by Application - 2021 & 2028 (%) 75
9.3 Custom Prosthetics and Implants. 76
9.3.1 Overview.. 76
9.3.2 Custom Prosthetics and Implants: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 76
9.3.2.1 Craniomaxillofacial Implants. 77
9.3.2.1.1 Overview.. 77
9.3.2.1.2 Craniomaxillofacial Implants: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 77
9.3.2.2 Custom Dental Prosthetics and Implants. 78
9.3.2.2.1 Overview.. 78
9.3.2.2.2 Custom Dental Prosthetics and Implants: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 78
9.3.2.3 Custom Orthopaedic Implants. 79
9.3.2.3.1 Overview.. 79
9.3.2.3.2 Custom Orthopaedic Implants: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 79
9.4 Surgical Guides. 80
9.4.1 Overview.. 80
9.4.2 Surgical Guides: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 80
9.4.2.1 Dental Guides. 81
9.4.2.1.1 Overview.. 81
9.4.2.1.2 Dental Guides: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 81
9.4.2.2 Orthopaedic Guides. 82
9.4.2.2.1 Overview.. 82
9.4.2.2.2 Orthopaedic Guides: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 82
9.4.2.3 Craniomaxillofacial Guides. 83
9.4.2.3.1 Overview.. 83
9.4.2.3.2 Craniomaxillofacial Guides: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 83
9.4.2.4 Spinal Guides. 84
9.4.2.4.1 Overview.. 84
9.4.2.4.2 Spinal Guides: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 84
9.5 Tissue Engineering Products. 85
9.5.1 Overview.. 85
9.5.2 Tissue Engineering Products: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 85
9.5.2.1 Bone and Cartilage Scaffolds. 86
9.5.2.1.1 Overview.. 86
9.5.2.1.2 Bone and Cartilage Scaffolds: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 86
9.5.2.2 Ligament and Tendons Scaffolds. 87
9.5.2.2.1 Overview.. 87
9.5.2.2.2 Ligament and Tendons Scaffolds: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 87
9.6 Surgical Instruments. 88
9.6.1 Overview.. 88
9.6.2 Surgical Instruments: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 88
9.6.2.1 Surgical Fasteners. 89
9.6.2.1.1 Overview.. 89
9.6.2.1.2 Surgical Fasteners: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 89
9.6.2.2 Scalpels. 90
9.6.2.2.1 Overview.. 90
9.6.2.2.2 Scalpels: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 90
9.6.2.3 Retractors. 91
9.6.2.3.1 Overview.. 91
9.6.2.3.2 Retractors: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 91
9.7 Hearing Aids. 92
9.7.1 Overview.. 92
9.7.2 Hearing Aids: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 92
9.8 Wearable Medical Devices. 93
9.8.1 Overview.. 93
9.8.2 Wearable Medical Devices: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 93
9.9 Standard Prosthetics and Implants. 94
9.9.1 Overview.. 94
9.9.2 Standard Prosthetic and Implants: 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 94
10. Global 3D Printing Medical Devices Market Revenue and Forecasts To 2028– by End-User 95
10.1 Overview. 95
10.2 Global 3D Printing Medical Devices Market, By End-User 2021 & 2028 (%) 95
10.3 Hospitals and Surgical Centres. 96
10.3.1 Overview.. 96
10.3.2 Hospitals and Surgical Centres: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 96
10.4 Dental and Orthopaedic Centres. 97
10.4.1 Overview.. 97
10.4.2 Dental and Orthopaedic Centres: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 97
10.5 Medical Device Companies. 98
10.5.1 Overview.. 98
10.5.2 Medical Device Companies: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 98
10.6 Pharmaceutical and Biotechnology Companies. 99
10.6.1 Overview.. 99
10.6.2 Pharmaceutical and Biotechnology Companies: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 99
10.7 Academic and Research Institutes. 100
10.7.1 Overview.. 100
10.7.2 Academic and Research Institutes: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 100
10.8 Contract Research Organizations (CRO’s) 101
10.8.1 Overview.. 101
10.8.2 Contract Research Organizations (CRO’s): 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 101
11. 3D Printing Medical Devices Market Revenue and Forecasts to 2028 – Geographical Analysis 102
11.1 North America: 3D Printing Medical Devices Market 102
11.1.1 Overview.. 102
11.1.2 North America: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 103
11.1.3 North America: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 103
11.1.3.1 US: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 104
11.1.3.1.1 Overview.. 104
11.1.3.1.2 US: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 104
11.1.3.2 Canada: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 105
11.1.3.2.1 Overview.. 105
11.1.3.2.2 Canada: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 105
11.1.3.3 Mexico: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 106
11.1.3.3.1 Overview.. 106
11.1.3.3.2 Mexico: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 106
11.2 Europe: 3D Printing Medical Devices Market 107
11.2.1 Overview.. 107
11.2.2 Europe: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 108
11.2.3 Europe: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 108
11.2.3.1 Germany: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 109
11.2.3.1.1 Overview.. 109
11.2.3.1.2 Germany: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 109
11.2.3.2 France: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 109
11.2.3.2.1 Overview.. 109
11.2.3.2.2 France: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 110
11.2.3.3 Italy: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 110
11.2.3.3.1 Overview.. 110
11.2.3.3.2 Italy: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 110
11.2.3.4 Spain: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 111
11.2.3.4.1 Overview.. 111
11.2.3.4.2 Spain: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 111
11.2.3.5 United Kingdom: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 112
11.2.3.5.1 Overview.. 112
11.2.3.5.2 United Kingdom: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 112
11.2.3.6 Rest of Europe: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 113
11.2.3.6.1 Overview.. 113
11.2.3.6.2 Rest of Europe: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 113
11.3 Asia-Pacific: 3D Printing Medical Devices Market 114
11.3.1 Overview.. 114
11.3.2 Asia-Pacific: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 115
11.3.3 Asia-Pacific: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 115
11.3.3.1 Australia: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 116
11.3.3.1.1 Overview.. 116
11.3.3.1.2 Australia: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 116
11.3.3.2 China: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 117
11.3.3.2.1 Overview.. 117
11.3.3.2.2 China: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 117
11.3.3.3 India: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 118
11.3.3.3.1 Overview.. 118
11.3.3.3.2 India: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 118
11.3.3.4 Japan: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 119
11.3.3.4.1 Overview.. 119
11.3.3.4.2 Japan: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 119
11.3.3.5 South Korea: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 120
11.3.3.5.1 Overview.. 120
11.3.3.5.2 South Korea: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 120
11.3.3.6 Rest of Asia-Pacific: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 121
11.3.3.6.1 Overview.. 121
11.3.3.6.2 Rest of Asia-Pacific: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 121
11.4 South and Central America: 3D Printing Medical Devices Market 122
11.4.1 Overview.. 122
11.4.2 South and Central America: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 123
11.4.3 South and Central America: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 123
11.4.3.1 Brazil: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 124
11.4.3.1.1 Overview.. 124
11.4.3.1.2 Brazil: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 124
11.4.3.2 Argentina: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 125
11.4.3.2.1 Overview.. 125
11.4.3.2.2 Argentina: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 125
11.4.3.3 Rest of South and Central America: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 126
11.4.3.3.1 Overview.. 126
11.4.3.3.2 Rest of South and Central America: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 126
11.5 Middle East and Africa: 3D Printing Medical Devices Market 127
11.5.1 Overview.. 127
11.5.2 Middle East and Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 128
11.5.3 Middle East and Africa: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 128
11.5.3.1 South Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 129
11.5.3.1.1 Overview.. 129
11.5.3.1.2 South Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 129
11.5.3.2 Saudi Arabia: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 129
11.5.3.2.1 Overview.. 129
11.5.3.2.2 Saudi Arabia: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 130
11.5.3.3 U.A.E: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 130
11.5.3.3.1 Overview.. 130
11.5.3.3.2 U.A.E: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 130
11.5.3.4 Rest of Middle East and Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 131
11.5.3.4.1 Overview.. 131
11.5.3.4.2 Rest of Middle East and Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 131
12. Impact of COVID-19 Pandemic on 3D Printing Medical Devices Market 133
12.1 North America: Impact Assessment of COVID-19 Pandemic. 133
12.2 Europe: Impact Assessment of COVID-19 Pandemic. 135
12.3 Asia-Pacific: Impact Assessment of COVID-19 Pandemic. 136
12.4 South and Central America: Impact Assessment of COVID-19 Pandemic. 137
12.5 Middle East and Africa: Impact Assessment of COVID-19 Pandemic. 138
13. 3D Printing Medical Devices Market –Industry Landscape 139
13.1 Overview. 139
13.2 Growth Strategies Done by the Companies in the Market, (%) 139
13.3 Organic Developments. 140
13.3.1 Overview.. 140
13.4 Inorganic Developments. 140
13.4.1 Overview.. 140
14. COMPANY PROFILES 141
14.1 EOS gmbh. 141
14.1.1 Key Facts. 141
14.1.2 Business Description. 141
14.1.3 Products and Services. 141
14.1.4 Financial Overview.. 142
14.1.5 SWOT Analysis. 143
14.1.6 Key Developments. 143
14.2 Renishaw plc. 144
14.2.1 Key Facts. 144
14.2.2 Business Description. 144
14.2.3 Products and Services. 144
14.2.4 Financial Overview.. 145
14.2.5 SWOT Analysis. 146
14.2.6 Key Developments. 147
14.3 STRATASYS LTD. 148
14.3.1 Key Facts. 148
14.3.2 Business Description. 148
14.3.3 Products and Services. 148
14.3.4 Financial Overview.. 149
14.3.5 SWOT Analysis. 150
14.3.6 Key Developments. 150
14.4 3D Systems, Inc. 151
14.4.1 Key Facts. 151
14.4.2 Business Description. 151
14.4.3 Products and Services. 151
14.4.4 Financial Overview.. 152
14.4.5 SWOT Analysis. 153
14.4.6 Key Developments. 153
14.5 ENVISIONTEC. 154
14.5.1 Key Facts. 154
14.5.2 Business Description. 154
14.5.3 Products and Services. 154
14.5.4 Financial Overview.. 154
14.5.5 SWOT Analysis. 155
14.5.6 Key Developments. 155
14.6 General Electric. 156
14.6.1 Key Facts. 156
14.6.2 Business Description. 156
14.6.3 Products and Services. 156
14.6.4 Financial Overview.. 157
14.6.5 SWOT Analysis. 158
14.6.6 Key Developments. 158
14.7 3T Additive Manufacturing Limited. 159
14.7.1 Key Facts. 159
14.7.2 Business Description. 159
14.7.3 Products and Services. 159
14.7.4 Financial Overview.. 159
14.7.5 SWOT Analysis. 160
14.7.6 Key Developments. 160
14.8 Prodways Group. 161
14.8.1 Key Facts. 161
14.8.2 Business Description. 161
14.8.3 Products and Services. 161
14.8.4 Financial Overview.. 162
14.8.5 SWOT Analysis. 163
14.8.6 Key Developments. 163
14.9 SLM Solutions. 164
14.9.1 Key Facts. 164
14.9.2 Business Description. 164
14.9.3 Products and Services. 164
14.9.4 Financial Overview.. 164
14.9.5 SWOT Analysis. 166
14.9.6 Key Developments. 166
14.10 CELLINK. 167
14.10.1 Key Facts. 167
14.10.2 Business Description. 167
14.10.3 Products and Services. 167
14.10.4 Financial Overview.. 168
14.10.5 SWOT Analysis. 169
14.10.6 Key Developments. 169
15. Appendix 170
15.1 About The Insight Partners. 170
15.2 Glossary of Terms. 170
LIST OF TABLES
Table 1. Organic Developments Done by Companies. 140
Table 2. Inorganic Developments Done by Companies. 140
Table 3. Glossary of Terms. 170
LIST OF FIGURES
Figure 1. 3D Printing Medical Devices Market Segmentation. 25
Figure 2. 3D Printing Medical Devices Market, By Region. 26
Figure 3. Global 3D Printing Medical Devices Market Overview. 30
Figure 4. Material Segment Held Largest Share of Component Segment in 3D Printing Medical Devices Market 31
Figure 5. Asia Pacific is Expected to Show Remarkable Growth During the Forecast Period. 32
Figure 6. 3D Printing Medical Devices Market, by Geography (US$ Million) 33
Figure 7. Global 3D Printing Medical Devices Market- Leading Country Markets (US$ Million) 34
Figure 8. Global 3D Printing Medical Devices Market, Industry Landscape. 35
Figure 9. North America: PEST Analysis. 39
Figure 10. Europe: PEST Analysis. 40
Figure 11. Asia Pacific: PEST Analysis. 40
Figure 12. Middle East And Africa: PEST Analysis. 41
Figure 13. South And Central America: PEST Analysis. 41
Figure 14. Experts Opinion. 42
Figure 15. Global 3D Printing Medical Devices Market– Revenue Forecast and Analysis – 2021 - 2028. 46
Figure 16. Global 3D Printing Medical Devices Market – By Geography Forecast and Analysis – 2021 - 2028. 47
Figure 17. Market Positioning of Key Players in Global 3D Printing Medical Devices Market 47
Figure 18. Global 3D Printing Medical Devices Market, by Component, 2021 & 2028 (%) 48
Figure 19. Software and Services: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 50
Figure 20. Equipment: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 51
Figure 21. 3D Printers: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 52
Figure 22. 3D Bioprinters: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 53
Figure 23. Materials: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 54
Figure 24. Plastics Material: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 55
Figure 25. Metal and Metal Alloys: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 56
Figure 26. Bioprinting Biomaterials: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 57
Figure 27. Wax Materials: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 58
Figure 28. Others (Ceramics and Paper): 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 59
Figure 29. Global 3D Printing Medical Devices Market Share by Technology - 2021 & 2028 (%) 60
Figure 30. Laser Beam Melting: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 61
Figure 31. Direct Metal Laser Sintering: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 62
Figure 32. Selective Laser Sintering: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 63
Figure 33. Selective Laser Melting: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 64
Figure 34. LaserCusing: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 65
Figure 35. Polyphotomerization: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 66
Figure 36. Stereolithography: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 67
Figure 37. Others (Digital Light Processing, Two Photon Polymerization, Polyjet Painting): 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 69
Figure 38. Droplet Deposition/Extrusion Based Technologies: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 70
Figure 39. Fused Deposition Modelling: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 71
Figure 40. Multiphase Solidification: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 72
Figure 41. Low Temperature Deposition Manufacturing: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 73
Figure 42. Electron Beam Melting: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 74
Figure 43. Global 3D Printing Medical Devices Market Share by Application - 2021 & 2028 (%) 75
Figure 44. Custom Prosthetics and Implants: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 76
Figure 45. Craniomaxillofacial Implants: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 77
Figure 46. Custom Dental Prosthetics and Implants: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 78
Figure 47. Custom Orthopedic Implants: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 79
Figure 48. Surgical Guides: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 80
Figure 49. Dental Guides: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 81
Figure 50. Orthopedic Guides: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 82
Figure 51. Craniomaxillofacial Guides: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 83
Figure 52. Spinal Guides: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 84
Figure 53. Tissue Engineering Products: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 85
Figure 54. Bone and Cartilage Scaffolds: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 86
Figure 55. Ligament and Tendons Scaffolds: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 87
Figure 56. Surgical Instruments: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 88
Figure 57. Surgical Fasteners: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 89
Figure 58. Scalpels: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 90
Figure 59. Retractors: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 91
Figure 60. Hearing Aids: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 92
Figure 61. Wearable Medical Devices: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 93
Figure 62. Standard Prosthetic and Implants: 3D Printing Medical Devices Market Revenue and Forecasts To 2028 (US$ Million) 94
Figure 63. Global 3D Printing Medical Devices Market, by End-User, 2021 & 2028 (%) 95
Figure 64. Hospitals and Surgical Centers: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 96
Figure 65. Dental and Orthopedic Centers: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 97
Figure 66. Medical Device Companies: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 98
Figure 67. Pharmaceutical and Biotechnology Companies: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 99
Figure 68. Academic and Research Institutes: 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 100
Figure 69. Contract Research Organizations (CRO’s): 3D Printing Medical Devices Market Revenue and Forecasts to 2028 (US$ Million) 101
Figure 70. North America: 3D Printing Medical Devices Market, by Key Country – Revenue (2021) (US$ Million) 102
Figure 71. North America 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 103
Figure 72. North America: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 103
Figure 73. US: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 104
Figure 74. Canada: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 105
Figure 75. Mexico: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 106
Figure 76. Europe: 3D Printing Medical Devices Market, by Key Country – Revenue (2021) (US$ Million) 107
Figure 77. Europe 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 108
Figure 78. Europe: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 108
Figure 79. Germany: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 109
Figure 80. France: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 110
Figure 81. Italy: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 111
Figure 82. Spain: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 111
Figure 83. United Kingdom: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 112
Figure 84. Rest of Europe: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 113
Figure 85. Asia-Pacific: 3D Printing Medical Devices Market, by Key Country – Revenue (2021) (US$ Million) 114
Figure 86. Asia-Pacific 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 115
Figure 87. Asia-Pacific: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 115
Figure 88. Australia: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 116
Figure 89. China: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 117
Figure 90. India: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 118
Figure 91. Japan: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 119
Figure 92. South Korea: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 120
Figure 93. Rest of Asia-Pacific: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 121
Figure 94. South and Central America: 3D Printing Medical Devices Market, by Key Country – Revenue (2021) (US$ Million) 122
Figure 95. South and Central America 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 123
Figure 96. South and Central America: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 123
Figure 97. Brazil: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 124
Figure 98. Argentina: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 125
Figure 99. Rest of South and Central America: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 126
Figure 100. Middle East and Africa: 3D Printing Medical Devices Market, by Key Country – Revenue (2021) (US$ Million) 127
Figure 101. Middle East and Africa 3D Printing Medical Devices Market Revenue and Forecast to 2028 (US$ Million) 128
Figure 102. Middle East and Africa: 3D Printing Medical Devices Market, by Country, 2021 & 2028 (%) 128
Figure 103. South Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 129
Figure 104. Saudi Arabia: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 130
Figure 105. U.A.E: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ MILLION) 131
Figure 106. Rest of Middle East and Africa: 3D Printing Medical Devices Market – Revenue and Forecast to 2028 (US$ Million) 132
Figure 107. Impact of COVID-19 Pandemic in North American Country Markets. 134
Figure 108. Impact of COVID-19 Pandemic in European Country Markets. 135
Figure 109. Impact of COVID-19 Pandemic in Asia Pacific Country Markets. 136
Figure 110. Impact of COVID-19 Pandemic in South and Central America Country Markets. 137
Figure 111. Impact of COVID-19 Pandemic in Middle East and Africa Country Markets. 138
Figure 112. Growth Strategies Done by the Companies in the Market, (%) 139
The List of Companies - 3D Printing Medical Devices Market
- EOS GmbH Electro Optical Systems
- Renishaw PLC
- Stratasys Ltd.
- 3D Systems, Inc.
- EnvisionTech, Inc.
- Concept Laser Gmbh (General Electric)
- 3T RPD Ltd.
- Proadways Group
- SLM Solution Group AG
- CELLINK
The Insight Partners performs research in 4 major stages: Data Collection & Secondary Research, Primary Research, Data Analysis and Data Triangulation & Final Review.
- Data Collection and Secondary Research:
As a market research and consulting firm operating from a decade, we have published many reports and advised several clients across the globe. First step for any study will start with an assessment of currently available data and insights from existing reports. Further, historical and current market information is collected from Investor Presentations, Annual Reports, SEC Filings, etc., and other information related to company’s performance and market positioning are gathered from Paid Databases (Factiva, Hoovers, and Reuters) and various other publications available in public domain.
Several associations trade associates, technical forums, institutes, societies and organizations are accessed to gain technical as well as market related insights through their publications such as research papers, blogs and press releases related to the studies are referred to get cues about the market. Further, white papers, journals, magazines, and other news articles published in the last 3 years are scrutinized and analyzed to understand the current market trends.
- Primary Research:
The primarily interview analysis comprise of data obtained from industry participants interview and answers to survey questions gathered by in-house primary team.
For primary research, interviews are conducted with industry experts/CEOs/Marketing Managers/Sales Managers/VPs/Subject Matter Experts from both demand and supply side to get a 360-degree view of the market. The primary team conducts several interviews based on the complexity of the markets to understand the various market trends and dynamics which makes research more credible and precise.
A typical research interview fulfils the following functions:
- Provides first-hand information on the market size, market trends, growth trends, competitive landscape, and outlook
- Validates and strengthens in-house secondary research findings
- Develops the analysis team’s expertise and market understanding
Primary research involves email interactions and telephone interviews for each market, category, segment, and sub-segment across geographies. The participants who typically take part in such a process include, but are not limited to:
- Industry participants: VPs, business development managers, market intelligence managers and national sales managers
- Outside experts: Valuation experts, research analysts and key opinion leaders specializing in the electronics and semiconductor industry.
Below is the breakup of our primary respondents by company, designation, and region:
Once we receive the confirmation from primary research sources or primary respondents, we finalize the base year market estimation and forecast the data as per the macroeconomic and microeconomic factors assessed during data collection.
- Data Analysis:
Once data is validated through both secondary as well as primary respondents, we finalize the market estimations by hypothesis formulation and factor analysis at regional and country level.
- 3.1 Macro-Economic Factor Analysis:
We analyse macroeconomic indicators such the gross domestic product (GDP), increase in the demand for goods and services across industries, technological advancement, regional economic growth, governmental policies, the influence of COVID-19, PEST analysis, and other aspects. This analysis aids in setting benchmarks for various nations/regions and approximating market splits. Additionally, the general trend of the aforementioned components aid in determining the market's development possibilities.
- 3.2 Country Level Data:
Various factors that are especially aligned to the country are taken into account to determine the market size for a certain area and country, including the presence of vendors, such as headquarters and offices, the country's GDP, demand patterns, and industry growth. To comprehend the market dynamics for the nation, a number of growth variables, inhibitors, application areas, and current market trends are researched. The aforementioned elements aid in determining the country's overall market's growth potential.
- 3.3 Company Profile:
The “Table of Contents” is formulated by listing and analyzing more than 25 - 30 companies operating in the market ecosystem across geographies. However, we profile only 10 companies as a standard practice in our syndicate reports. These 10 companies comprise leading, emerging, and regional players. Nonetheless, our analysis is not restricted to the 10 listed companies, we also analyze other companies present in the market to develop a holistic view and understand the prevailing trends. The “Company Profiles” section in the report covers key facts, business description, products & services, financial information, SWOT analysis, and key developments. The financial information presented is extracted from the annual reports and official documents of the publicly listed companies. Upon collecting the information for the sections of respective companies, we verify them via various primary sources and then compile the data in respective company profiles. The company level information helps us in deriving the base number as well as in forecasting the market size.
- 3.4 Developing Base Number:
Aggregation of sales statistics (2020-2022) and macro-economic factor, and other secondary and primary research insights are utilized to arrive at base number and related market shares for 2022. The data gaps are identified in this step and relevant market data is analyzed, collected from paid primary interviews or databases. On finalizing the base year market size, forecasts are developed on the basis of macro-economic, industry and market growth factors and company level analysis.
- Data Triangulation and Final Review:
The market findings and base year market size calculations are validated from supply as well as demand side. Demand side validations are based on macro-economic factor analysis and benchmarks for respective regions and countries. In case of supply side validations, revenues of major companies are estimated (in case not available) based on industry benchmark, approximate number of employees, product portfolio, and primary interviews revenues are gathered. Further revenue from target product/service segment is assessed to avoid overshooting of market statistics. In case of heavy deviations between supply and demand side values, all thes steps are repeated to achieve synchronization.
We follow an iterative model, wherein we share our research findings with Subject Matter Experts (SME’s) and Key Opinion Leaders (KOLs) until consensus view of the market is not formulated – this model negates any drastic deviation in the opinions of experts. Only validated and universally acceptable research findings are quoted in our reports.
We have important check points that we use to validate our research findings – which we call – data triangulation, where we validate the information, we generate from secondary sources with primary interviews and then we re-validate with our internal data bases and Subject matter experts. This comprehensive model enables us to deliver high quality, reliable data in shortest possible time.
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