China 3D Printing Medical Devices Market Analysis

China 3D Printing Medical Devices Market Executive Summary

China's 3D printing medical devices market size was valued at $239 Mn in 2022 and is estimated to expand at a compound annual growth rate (CAGR) of 17.8% from 2022 to 2030 and will reach $ 885 Mn in 2030.

According to data from the World Bank, China's total health expenditure as a percentage of its GDP has been steadily increasing in recent years. China's total health expenditure was 5.6% of its GDP, up from 4.3% in 2009. China's GDP has been growing rapidly in recent years, with an average annual growth rate of 6.7% between 2015 and 2019. In 2019, China's GDP was $14.3 trillion, making it the second-largest economy in the world after the United States.

China is utilizing 3D printing technology more and more in the production of medical devices. With 3D printing technology, China is manufacturing artificial limbs and other body parts. One of the key benefits of 3D printing technology is its ability to produce custom prosthetics that are tailored to each individual's specific demands and anatomy. Currently, China uses 3D printing technology to produce dental implants, bone plates, and surgical equipment. With the advent of 3D printing, it is now possible to create complex and precise devices that are difficult to construct using traditional manufacturing techniques.

In addition, 3D printing technology is being used to make implants for spine surgery, dental procedures, and joint replacements. The outcomes for patients can be improved by customizing implants created with 3D printing to each patient's specific needs. Moreover, 3D printing technology is being used to generate models of the anatomical structures of patients for the purpose of planning surgeries. With these models, surgeons can plan and practice surgeries that will improve outcomes and hasten recovery times. As more healthcare providers and businesses utilize 3D printing technology, the production of medical devices in China is expanding quickly. The spread of 3D printing technology in the Chinese healthcare sector is being fueled by its capacity to generate specialized, intricate, and precise medical gadgets.

Patients who use 3D printing technology may experience better medical outcomes since their treatments may be customized for them. A significant market for 3D printing technology exists in China because of the country's growing demand for customized medical equipment. Due to its ability to produce 3D models of the human body for surgical planning, China has a substantial market for 3D printing technology. 3D printing can drastically reduce surgical timelines and improve patient outcomes by enabling surgeons to plan and carry out surgeries in advance. Medical models can be created using 3D printing technology for instruction and training, giving medical workers first-hand exposure to challenging medical equipment and procedures.

3D printing technology offers an affordable way to produce customized medical supplies in small quantities without the need for expensive manufacturing facilities. Now that the market is open, smaller Chinese businesses can enter and compete with more established ones.

Market Dynamics

Market Growth Drivers

1. Increasing demand for personalized medical devices: 3D printing technology allows for the customization of medical devices, which is becoming increasingly important in the healthcare industry. Patients are looking for devices that are tailored to their specific needs, and 3D printing technology enables the production of such devices
2. Technological advancements: 3D printing technology is evolving rapidly, and new materials and techniques are being developed that allow for the production of more complex and functional medical devices. This is driving the growth of the 3D printing medical device market in China
3. Growing healthcare industry: China's healthcare industry is growing rapidly, and there is an increasing demand for medical devices that are cost-effective and high-quality. 3D printing technology has the potential to meet this demand by offering customized solutions that are both affordable and effective

Market Restraints

1. Regulatory hurdles: As discussed earlier, there are strict regulations in place for 3D printing medical devices in China. These regulations can be a barrier to entry for some manufacturers and can slow down the development and commercialization of new products
2. Limited material availability: 3D printing medical devices require specialized materials that are suitable for use in the human body. Currently, the range of materials available for 3D printing medical devices in China is limited, which can restrict the types of devices that can be produced
3. High production costs: 3D printing technology can be expensive, and the cost of production can be a barrier to entry for some manufacturers. Additionally, the cost of 3D printing materials and equipment can be a barrier to adoption for some healthcare providers

Competitive Landscape

Key Players

• UnionTech (CHN): UnionTech is a Chinese company that specializes in the development and production of industrial-grade 3D printing equipment. The company's products are used in a range of industries, including healthcare
• Auroralaser (CHN): Auroralaser is a Chinese company that specializes in the production of 3D printing medical devices. The company's products include dental implants, orthopedic implants, and surgical guides
• Tiertime (CHN): Tiertime is a Chinese company that produces a range of 3D printers, including those used in the medical industry. The company's printers are used for the production of surgical models, dental models, and other medical devices
• Beijing Long Yuan Automated Fabrication System Co., Ltd. (CHN): This is a Chinese company that produces medical models and implants using 3D printing technology. The company's products include cranial implants, hip replacements, and dental implants
• Shining 3D (CHN): Shining 3D is a Chinese company that produces 3D printers, scanning equipment, and software for use in a range of industries, including healthcare. The company's products are used for the production of surgical models, prosthetics, and dental models
• Medprin Regenerative Medical Technologies (CHN)
• Sichuan 3D Technology (CHN)
• Farsoon Technologies (CHN)

Recent Developments

May 2021: Medprin Regenerative Medical Technologies, a Chinese medical device company specializing in 3D printing technology, raised 1.1 billion yuan ($170 million) in a series B funding round. The company plans to use the funds to expand its research and development capabilities and to scale up the production of its products.

June 2021: the University of Hong Kong and A&G Precision, a Chinese precision engineering company, signed an agreement to establish a joint research center focused on 3D printing medical devices. The center will focus on developing new materials and techniques for the production of medical devices using 3D printing technology.

August 2021: Sichuan 3D Technology, a Chinese company specializing in 3D printing technology, signed an agreement with the Chengdu Hi-tech Zone to establish a research and development center focused on 3D printing medical devices. The center will focus on developing new materials and techniques for the production of medical devices using 3D printing technology.

September 2021: Farsoon Technologies, a Chinese company that produces industrial-grade 3D printing equipment, announced a partnership with UnionTech, another Chinese 3D printing company, to develop a new line of 3D printing equipment for the medical industry. The new equipment will be designed specifically for the production of medical devices, including implants and surgical models.

Healthcare Policies and Regulatory Landscape

China has regulations in place for 3D printing medical devices, which are overseen by the China Food and Drug Administration (CFDA), now known as the National Medical Products Administration (NMPA).

Here are some key points regarding regulations for 3D printing medical devices in China:

1. Registration: All 3D printing medical devices need to be registered with the NMPA before they can be legally sold in China. The registration process includes product testing, clinical trials, and documentation of manufacturing processes and quality control procedures
2. Standards: 3D printing medical devices in China are subject to a number of national standards, including GB/T 29490-2013, which covers the quality management system for medical devices produced by additive manufacturing
3. Quality control: The manufacturing process for 3D printing medical devices must be conducted in a clean environment and strict quality control measures must be in place to ensure the safety and effectiveness of the devices
4. Labeling: 3D-printed medical devices must be labeled in accordance with relevant regulations, including identification of the manufacturer, product name, and usage instructions
5. Post-market surveillance: Manufacturers of 3D printing medical devices are required to monitor the performance of their products once they are on the market, and report any adverse events to the NMPA