Global 3D printing medical devices market expected to reach $11.46 billion by 2032
From GlobeNewswire: 2024-12-17 08:41:00
The Global 3D Printing Medical Devices Market was valued at USD 2.69 billion in 2023 and is projected to reach USD 11.46 billion by 2032, growing at a CAGR of 17.49% from 2024 to 2032. The market is driven by technological advancements and the demand for personalized healthcare solutions, with 3D printing technology revolutionizing healthcare by providing customized medical devices, implants, and surgical tools.
3D printing technology is rapidly evolving in healthcare, with increasing demand for personalized medicine and high-performance results. The market is witnessing growth in the printing of complex models, patient-specific implants, and surgical guides, driving the market size expansion. The use of bio-printing across various medical fields is enhancing the effectiveness of treatments and recovery times.
The 3D Printing Medical Devices Market report highlights key players in the industry, including Stratasys Ltd., 3D Systems Inc., and GE Additive. The market size is expected to grow from USD 2.69 billion in 2023 to USD 11.46 billion by 2032, at a CAGR of 17.49% from 2024 to 2032, with key regional coverage in North America, Europe, Asia Pacific, Middle East & Africa, and Latin America.
3D printers are a significant segment in the market, holding approximately 40.0% of the market share in 2023. Meanwhile, 3D Bioprinters are the fastest-growing segment due to their application in tissue engineering and regenerative medicine. Surgical guides, particularly Orthopedic Guides, are driving growth in the market by enhancing surgical outcomes and reducing complications.
North America dominated the 3D Printing Medical Devices Market in 2023, driven by key market players and advanced healthcare infrastructure. The Asia Pacific region is also emerging as a key player, with increased healthcare investments and adoption of 3D printing technology in countries like China and India. Recent developments include U.S.-based Biological Lattice Industries raising USD 1.8 million in pre-seed funding for bio fabrication software. LuxCreo enters medical device market with EMA 3D sleep apnea device, offering same-day manufacturing. NanoHive Medical raises $7 million in Series C funding for Soft Titanium spinal devices and international market expansion. Access detailed 3D Printing Medical Devices Market Analysis & Outlook Report 2024-2032 for insights on market dynamics, statistics, and competitive landscape. Explore buying options for reports and subscriptions through SNS Insider, a leading global market research agency.
Read more at GlobeNewswire: 3D Printing Medical Devices Market Size to Reach USD 11.46