SWOT Analysis of 3D Printing Medical Devices Market by Key Players | 3T RPD Ltd., Prodways Group, Oxford Performance Materials, Inc., SLM Solutions Group AG
This press release was originally distributed by SBWire
Pune, Maharashtra – (SBWIRE) – 22/07/2022 – In the healthcare industry, 3D printing, also known as additive manufacturing, is used to produce a variety of medical items including orthopedic and cranial implants, surgical instruments, dental restorations, including crowns and external prostheses. By creating medical equipment specifically tailored to individual needs, 3D printing technology is growing in response to the growing need for individualized medical care. Medical device manufacturers have been driven to use 3D printing to shorten the manufacturing lifecycle and remove the conventional prototyping process due to ever-increasing cost pressures and their great need to develop new products. new products.
According to SNS Insider’s market research report, the 3D printing medical devices market is expected to exceed USD 8.4 billion by 2028 growing at a CAGR of 7.8% during the forecast period 2022- 2028.
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Drivers, constraints, opportunities and challenges
The global 3D printing medical device market has witnessed dynamic growth in recent years owing to accelerating technological development, increasing R&D expenditures, and accelerated customer expansion. Additionally, it is anticipated that the use of 3D printing technology in the healthcare industry will enable efficient preoperative planning, improved surgical technique, better patient outcomes, and a viable substitute for animal testing. . Moreover, the expansion of direct digital manufacturing and the expiration of important patents in the 3D printing industry will help the market expand in the coming years.
The high cost of sophisticated 3D printers, the lack of well-defined regulatory frameworks and refund policies, copyright and patent difficulties in 3D printing patented products, and other factors are expected to hold back market expansion.
Impact of the COVID-19 pandemic
The sudden increase in COVID-19 cases has made it urgent to increase testing and protect healthcare workers. Nasopharyngeal swabs, which are used to collect nasal epithelial lining for diagnostic and testing purposes, were in high demand due to the COVID-19 outbreak. Due to the unpredictable demand for these swabs, researchers and many companies have turned to 3D printing to ensure an adequate supply of these tools.
1. Fusion of the laser beam
2. Electron beam fusion
3. Light curing
4. Droplet deposition
5.Three-dimensional printing/Binder jetting
6. Other technologies
3.Services and software
1. Standard prostheses and implants
2. Personalized prostheses and implants
3. Portable medical devices
5. Tissue engineered products
6. Surgical guides
7. Hearing aids
8. Other applications
Per end user
1. Hospitals and surgical centers
2.University institutions and research laboratories
3. Dental and orthopedic clinics
4. Clinical research organizations
5. Pharmaceutical, biotechnology and medical device companies
The 3D printing medical device market is expected to be driven by the light curing segment in terms of technology. In the process of light-curing, a 3D printing technique, drops of liquid plastic are subjected to a laser beam of UV light, causing the light to solidify the liquid.
The services and software segment recorded a notable percentage of market revenue, broken down by component. This increase is linked to an increase in the adoption of software that encourages the use of additive manufacturing in the medical technology industry.
The hospital and surgical center segment is expected to dominate the 3D printing medical devices market on the basis of end-user. The expansion of the segment is mainly fueled by the growing use of 3Printing in healthcare facilities.
The 3D printing system market is expected to witness significant growth in the Asia-Pacific and LAMEA regions owing to the rise of new businesses and rising public awareness. The development of the 3D printing medical devices market in the Asia-Pacific region is fueled by factors such as increasing government funding to improve 3D printing applications in the healthcare sector, establishment of facilities research and training and awareness of 3D printing through conferences and events. Due to the growing demand for 3D printed medical equipment and growing awareness of these products in the region, North America is expected to experience rapid growth.
Competitive Landscape Insights
Some of the major market players operating in the 3D printing. medical device market.
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1.1 Market definition
1.3 Research hypotheses
2. Research methodology
3. Market dynamics
4. Impact analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukrainian articles
5. Value chain analysis
6. Porter’s 5 forces model
7. PEST analysis
8. 3D Printing Medical Devices Market Segmentation, By Technology
8.1 Laser beam fusion
8.2 Electron beam fusion
8.4 Droplet deposition
8.5 Three-dimensional printing/binder jetting
8.6 Other technologies
9. 3D Printing Medical Devices Market Segmentation, By Component
9.3 Services & Software
10. 3D Printing Medical Devices Market Segmentation, By Application
10.1 Standard prostheses and implants
10.2 Personalized prostheses and implants
10.3 Portable medical devices
10.4 Surgical Instruments
10.5 Tissue-engineered products
10.6 Surgical guides
10.7 Hearing aids
10.8 Other applications
11. 3D Printing Medical Devices Market Segmentation, By End User
11.1 Hospitals and surgical centers
11.2 Academic Institutions and Research Laboratories
11.3 Dental and orthopedic clinics
11.4 Clinical research organizations
11.5 Pharmaceutical, biotechnology and medical device companies
12. Regional Analysis
12.2 North America
12.2.1 United States
12.3.2 United Kingdom
12.3.7 Rest of Europe
12.4.2 South Korea
12.4.6 Rest of Asia-Pacific
12.5 The Middle East and Africa
12.5.3 South Africa
12.6 Latin America
12.6.3 Rest of Latin America
13. Business Profiles
13.1 3D system companies
13.1.2 Products/services offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Cyfuse Medical KK
13.3 Stratasys Ltd.
13.4 EOS GmbH Concept
13.5 3T RPD Ltd.
13.6 Prodways Group
13.7 Oxford Performance Materials, Inc.
13.8 SLM Solutions Group AG
13.9 Arcam AB
13.11 Organovo Holdings, Inc.
13.12 Bio3D Technologies
13.13 Renishaw plc
13.14 Materialize NV
13.15 Laser GmbH
14. Competitive landscape
14.1 Competitive benchmark
14.2 Market Share Analysis
14.3 Recent Developments
Head of business development and strategy
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