3D Printing Medical Devices Market Outlook

Market Overview

The global 3D printing medical devices market in terms of revenue grew at a CAGR of 22.5% from USD 1,186 million in 2020 to USD 2,180 million in 2023. This trend is expected to continue in the coming years with the global 3D printing medical devices market expected to grow at a CAGR of 19.2% from 2023 to 2028, reaching USD 5,252 million in 2028. One of the primary factors propelling the sales of 3D printing medical devices is the global healthcare expenditure. Hospitals and clinics serve as the primary end users of 3D printing medical devices, as they are the venues where surgical procedures, joint replacements, and emergency medical services are predominantly carried out.

In terms of technology, the Extrusion-Based Technology segment dominated the market studied in 2022, holding a substantial share of 26.9%. The valuation of the Extrusion-Based Technology segment in 2022 stood at USD 485 million, and it is projected to reach USD 1,312 million by 2028. Furthermore, the Selective Laser Melting segment is anticipated to exhibit the highest CAGR of 21.4% during the forecast period from 2023 to 2028.

The hospitals & clinics segment generated USD 961 million in revenue in 2022. It is projected to reach USD 2,775 million by 2028, representing a CAGR of 19.0% over the forecast period of 2023 to 2028. The revenue of research centers & institutes segment has grown from USD 160 million in 2020 to USD 298 million in 2023, with a CAGR of 23.0%, and it is expected to further grow at a CAGR of 22.5% to USD 822 million in 2028. The trend of utilizing medical images for diagnostic and surgical planning applications has been increasingly popular among hospitals and clinics. To reduce production costs, many healthcare facilities are now implementing in-house 3D printing capabilities. As such, hospitals and clinics constitute the largest segment of the end-user market for 3D printed medical instruments. Hospitals tend to be early adopters of new medical technologies that either lower outsourcing costs or can be leveraged to demonstrate the facility’s commitment to innovation.

The 3D printing medical devices market has proven to be highly profitable, despite significant competition among major players. The products sold in this market have considerable profit margins. The prominent players operating in the global 3D printing medical devices market include Stratasys, Ltd., 3D Systems Corporation, GE Additive, Materialise N.V., Renishaw plc, HP Inc., EOS GmbH, Desktop Metal, Inc., SLM Solutions Group AG, Prodways Group SA, BICO Group AB, Carbon, Inc., Formlabs Inc., Markforged Holding Corp., Proto Labs, Inc., among others.

In 2022, the North American 3D printing medical devices market was valued at USD 737 million and is expected to reach USD 2,236 million by 2028. Meanwhile, the Asia-Pacific region is anticipated to exhibit a higher CAGR of 20.4% from 2023 to 2028. The market’s growth in North America is driven by technological advancements, collaborations, and partnerships between manufacturers, research institutions, and commercial organizations. Companies like Smile Direct and Align Technology in the United States are leveraging 3D printing technology for teeth straightening. Additionally, increased investments in healthcare infrastructure by both government and private organizations are specifically targeting the development and implementation of 3D printing technology in the medical field.

This study aims to analyze the global market for various segments of 3D printing medical devices, including:
Technology: Extrusion-Based Technology, Selective Laser Melting, Photopolymerization, Material Jetting, and Others.
Component: Software and Services, Hardware, and Materials.
Raw Material: Polymers, Metal and Metal Alloys, Ceramics, and Others.
Application: Implants and Prosthetics, Surgical Instruments, Anatomical Models, Hearing Aids, and Others.
End-User: Hospitals & Clinics, Research Centers & Institutes, Pharmaceutical & Medical Device Companies, and Others.
Region: North America, Europe, Asia-Pacific, and Rest of World (RoW).

Table of Contents

TABLE OF CONTENTS
TABLE OF CONTENTS 1
FIGURES AND TABLES 5
Part 1. Key Findings 8
Part 2. Scope and Methodology 9
Report Scope 10
Technology 10
Component 10
Raw Material 10
Application 10
End-User 10
Region 11
Research Methodology 12
Part 3. 3D Printing Medical Devices Market Overview 14
Summary 14
Introduction 16
Part 4. Market Dynamics 17
Growth Drivers and Future Trends 17
Restraints and Challenges 19
Opportunities 22
Technology Outlook 25
Part 5. Global 3D Printing Medical Devices Market by Technology 27
Extrusion-Based Technology 28
Selective Laser Melting 28
Photopolymerization 29
Material Jetting 30
Others 31
Part 6. Global 3D Printing Medical Devices Market by Component 34
Software and Services 34
Hardware 35
Materials 36
Part 7. Global 3D Printing Medical Devices Market by Raw Material 38
Polymers 38
Metal and Metal Alloys 39
Ceramics 40
Others 41
Part 8. Global 3D Printing Medical Devices Market by Application 42
Implants and Prosthetics 42
Surgical Instruments 44
Anatomical Models 44
Hearing Aids 45
Others 46
Part 9. Global 3D Printing Medical Devices Market by End-User 49
Hospitals & Clinics 49
Research Centers & Institutes 50
Pharmaceutical & Medical Device Companies 51
Others 52
Part 10. Global 3D Printing Medical Devices Market by Region 53
North America 56
Europe 58
Asia-Pacific 60
Rest of World 62
Part 11. Competitive Analysis 65
Competition Overview 65
Recent Developments 66
Stratasys, Ltd. 69
Business Overview 69
3D Printing Medical Solutions 71
3D Printing Medical Systems 71
Contact Information 72
3D Systems Corporation 73
Business Overview 73
Contact Information 75
EOS GmbH 76
Business Overview 76
Contact Information 76
Materialise N.V. 77
Business Overview 77
Materialise N.V. Medical Business 79
Contact Information 80
Desktop Metal, Inc. 81
Business Overview 81
Contact Information 83
HP Inc. 84
Business Overview 84
Contact Information 84
Carbon, Inc. 86
Business Overview 86
Contact Information 86
Formlabs Inc. 87
Business Overview 87
Contact Information 87
Markforged Holding Corp. 88
Business Overview 88
Contact Information 90
Proto Labs, Inc. 91
Business Overview 91
Contact Information 93
SLM Solutions Group AG 94
Business Overview 94
SLM®125 96
Contact Information 96
GE Additive 97
Business Overview 97
Contact Information 97
Renishaw plc 98
Business Overview 98
Contact Information 101
Prodways Group SA 102
Business Overview 102
Contact Information 102
BICO Group AB 103
Business Overview 103
Contact Information 103
Disclaimer 104
FIGURES AND TABLES
Global 3D Printing Medical Devices Market, Net Growth, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by Technology, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by Technology, CAGR Historic and Forecast, 2020-2028
Global 3D Printing Medical Devices Market by Component, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by Component, CAGR Historic and Forecast, 2020-2028
Global 3D Printing Medical Devices Market by Raw Material, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by Raw Material, CAGR Historic and Forecast, 2020-2028
Global 3D Printing Medical Devices Market by Application, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by Application, CAGR Historic and Forecast, 2020-2028
Global 3D Printing Medical Devices Market by End-User, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by End-User, CAGR Historic and Forecast, 2020-2028
Global 3D Printing Medical Devices Market Share by Region, 2022
Global 3D Printing Medical Devices Market by Region, 2020-2028 (USD Million)
Global 3D Printing Medical Devices Market by Region, CAGR Historic and Forecast, 2020-2028
North America 3D Printing Medical Devices Market, Net Growth, 2020-2028 (USD Million)
North America 3D Printing Medical Devices Market Share by Country, 2022
Europe 3D Printing Medical Devices Market, Net Growth, 2020-2028 (USD Million)
Europe 3D Printing Medical Devices Market Share by Country, 2022
Asia-Pacific 3D Printing Medical Devices Market, Net Growth, 2020-2028 (USD Million)
Asia-Pacific 3D Printing Medical Devices Market Share by Country, 2022
Rest of World 3D Printing Medical Devices Market, Net Growth, 2020-2028 (USD Million)
Rest of World 3D Printing Medical Devices Market Share by Country, 2022
Stratasys, Ltd. Financial Overview (USD Million)
Stratasys, Ltd. Revenue, by Segment, 2022
Stratasys, Ltd. Revenue, by Region, 2022
3D Systems Corporation Financial Overview (USD Million)
3D Systems Corporation Revenue, by Segment, 2022
3D Systems Corporation Revenue, by Type, 2022
3D Systems Corporation Revenue, by Region, 2022
Materialise N.V. Financial Overview (EUR Million)
Materialise N.V. Revenue, by Segment, 2022
Materialise N.V. Revenue, by Region, 2022
Materialise N.V. Medical Software Revenue (Medical) (in 000€)
Materialise N.V. Medical Devices and Services Revenue (in 000€)
Desktop Metal, Inc. Financial Overview (USD Thousand)
Desktop Metal, Inc. Revenue, by Segment, 2022
Desktop Metal, Inc. Revenue, by Region, 2022
HP Inc. Financial Overview (USD Million)
Markforged Holding Corp. Financial Overview (USD Million)
Markforged Holding Corp. Revenue, by Segment, 2022
Markforged Holding Corp. Revenue, by Region, 2022
Proto Labs, Inc. 3D Printing Revenue (USD Thousand)
Proto Labs, Inc. Financial Overview (USD Million)
Proto Labs, Inc. Revenue, by Segment, 2022
Proto Labs, Inc. Revenue, by Region, 2022
SLM Solutions Group AG Financial Overview (EUR Million)
SLM Solutions Group AG Revenue, by Segment, 2022
SLM Solutions Group AG Revenue, by Region, 2022
Renishaw plc Analytical Instruments and Medical Devices Revenue (in 000 GBP)
Renishaw plc Financial Overview (GBP Million)
Renishaw plc Revenue, by Segment, 2023
Renishaw plc Revenue, by Type, 2023
Renishaw plc Revenue, by Region, 2023
Prodways Group SA Financial Overview (EUR Million)
BICO Group AB Financial Overview (SEK Million)