Egypt 3D Printing Medical Devices Market Analysis

Egypt 3D Printing Medical Devices Market Analysis


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Egypt's 3D Printing Medical Devices market size was valued at $8 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 $31 Mn in 2030. The market is segmented by component, application, technology, and end user. The Egypt 3D Printing Medical Devices market will grow as 3D printing technology has made a significant impact in the medical industry by enabling the production of personalized and complex medical devices. T The key market players are Some of the key players in the market include MOBILIS Medical, NovaBone Products, E2E Medical, Human Technology Lab, SymmetrySurgical, Stratasys, Materialise, Stryker, and others.

ID: IN10EGMD002 CATEGORY: Medical Devices GEOGRAPHY: Egypt AUTHOR: Chandani Patel

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Egypt 3D Printing Medical Devices Market Executive Summary

Egypt's 3D Printing Medical Devices market size was valued at $8 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 $31 Mn in 2030. According to the World Bank, Egypt's total healthcare expenditure as a percentage of its GDP was approximately 4.7% in 2019. However, it is worth noting that the Egyptian government has announced plans to increase healthcare spending in the coming years as part of its broader efforts to improve the country's healthcare system.

Egypt has been adopting 3D printing technology in various fields, including medical devices. The use of 3D printing technology in medical device manufacturing is becoming increasingly popular in Egypt due to its numerous advantages such as customization, cost-effectiveness, and faster production time. One notable example of the use of 3D printing in medical devices in Egypt is the production of prosthetics. In the past, prosthetics were expensive, took a long time to produce, and were often not the perfect fit for the patient. However, with 3D printing, prosthetics can be customized to fit the patient's exact measurements, making them more comfortable and functional. Moreover, 3D printing technology has significantly reduced the time and cost of production, making prosthetics more affordable and accessible to patients in need.

Moreover, 3D printing in medical devices in Egypt is in the production of surgical tools and implants. 3D printing technology allows for the production of complex and intricate shapes that traditional manufacturing methods cannot achieve, which is particularly useful in the production of customized implants. Additionally, 3D printing technology enables the production of lightweight and strong materials, which can improve the durability and functionality of medical devices.

The impact of 3D printing on the medical device market in Egypt has been positive. With the increasing adoption of 3D printing technology, the market for medical devices is becoming more competitive, as manufacturers can produce devices faster, more cost-effectively, and with greater customization options. This increased competition is likely to lead to more innovation and development of new medical devices, ultimately benefiting patients in Egypt and around the world. Hence the 3D printing medical device market will grow during the forecast period across the nation.

egypt 3D printing medical devices market

Market Dynamics

Market Growth Drivers

  1. Increased demand for customized medical devices: 3D printing technology enables the production of highly customized medical devices that can be tailored to individual patient needs. This is particularly useful in fields such as orthopedics and dental surgery, where patient-specific implants and prosthetics can improve treatment outcomes
  2. Technological advancements in 3D printing: Advances in 3D printing technology, such as the development of new materials and printing methods, are expected to drive growth in the market. For example, the use of bioprinting technology to produce living tissues and organs for transplantation is an area of active research and development
  3. Cost-effectiveness and efficiency: 3D printing can reduce the time and cost of producing medical devices, which can make them more accessible to patients and healthcare providers

Market Restraints

  1. Lack of regulatory framework: The regulatory framework for 3D printing medical devices is still under development in Egypt, which could hinder growth in the market until clearer regulations are established
  2. Limited access to 3D printing technology: The high cost of 3D printing equipment and materials can limit its availability, particularly in resource-limited settings
  3. Competition from traditional medical device manufacturers: Established medical device manufacturers may be hesitant to adopt 3D printing technology due to concerns about quality and safety, which could limit its uptake in the market

Competitive Landscape

Key Players

  • MOBILIS Medical: This Egyptian company specializes in the design and production of 3D-printed medical devices, including orthopedic implants, prosthetics, and surgical instruments
  • NovaBone Products: This company produces 3D-printed bone graft materials for use in orthopedic and dental surgeries
  • E2E Medical: This company focuses on developing 3D-printed medical devices for neurosurgery, including patient-specific implants and surgical tools
  • Human Technology Lab: This Egyptian company produces 3D-printed prosthetics and orthotics for children and adults
  • SymmetrySurgical: This company offers a range of 3D-printed surgical instruments and tools for various specialties, including orthopedics, neurosurgery, and spine surgery
  • Stratasys: Stratasys is a US-based company that produces 3D printers and provides 3D printing services for a range of industries, including healthcare
  • Materialise: Materialise is a Belgian-based company that provides 3D printing services and software solutions for the healthcare industry
  • Stryker: Stryker is a US-based company that produces a range of medical devices, including 3D-printed implants and surgical instruments

Healthcare Policies and Regulatory Landscape

In Egypt, the regulatory framework for 3D printing medical devices is still under development. Currently, there are no specific regulations that govern the use of 3D printing technology in healthcare or medical device manufacturing. However, medical devices produced using 3D printing technology are subject to general regulations and guidelines for medical devices set by the Egyptian Drug Authority (EDA). These regulations require medical device manufacturers to obtain a license from the EDA before marketing their products in Egypt. The EDA requires manufacturers to comply with certain quality and safety standards, including ISO 13485, which specifies requirements for a quality management system for medical devices.

Additionally, the EDA has issued guidelines for the registration and licensing of medical devices, which require manufacturers to submit a technical file that includes information on the device design, materials used, manufacturing process, and performance data.

The Ministry of Health and Population is also involved in regulating the use of 3D printing in healthcare. In 2020, the Ministry issued guidelines for the use of 3D printing technology in healthcare, which cover various aspects, including equipment and material selection, validation and verification of the 3D printing process, and post-processing and finishing of 3D printed devices.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

Egypt 3D Printing Medical Devices Market Segmentation

By Component

The Egypt market is divided into three categories based on the component: equipment, materials, and software & services. End customers frequently employ software and services for designing and processing control of 3D-printed medical devices, particularly for bespoke items. The cost-effectiveness, utility, uniformity, and precision given by services for medical device 3D printing, together with a rise in demand for personalized 3D printed medical equipment among hospitals and surgical centers, are driving the market demand for software & surgical guides.

  • Equipment
    • 3D Printers
    • 3D Bioprinters
  • Materials
  • Plastics
    • Thermoplastics
    • Photopolymers
  • Metals and Metal Alloys
  • Biomaterials
  • Ceramics
  • Paper
  • Wax
  • Other Materials
  • Services & Software

By Application

The Egypt market is divided into surgical guides, surgical tools, tissue-engineered goods, hearing aids, wearable medical devices/implantable medical devices, standard prostheses and implants, custom prosthetics and implants, and other medical devices based on the application. Due to the widespread adoption of 3D printing technology in the production of prosthetics and implants, the increased availability of high-quality biomaterials and ceramics for 3D printing, and ongoing industry investment in the development of novel 3D printers, the custom prosthetics and implants segment is expected to hold a larger share of the market in 2022.

  • Surgical Guides
    • Dental Guides
    • Craniomaxillofacial Guides
    • Orthopedic Guides
    • Spinal Guides
  • Surgical Instruments
  • Surgical Fasteners
  • Scalpels
  • Retractors
  • Standard Prosthetics & Implants
  • Orthopedic Implants
  • Dental Prosthetics & Implants
  • Craniomaxillofacial Implants
  • Bone & Cartilage Scaffolds
  • Ligament & Tendon Scaffolds
  • Custom Prosthetics & Implants
  • Tissue-engineered Products
  • Hearing Aids
  • Wearable Medical Devices
  • Other Applications

By Technology

According to technology, the global market has been divided into three categories: three-dimensional printing (3DP) or adhesion bonding; electron beam melting (EBM); laser beam melting (LBM); photopolymerization; droplet deposition or extrusion-based technologies; and other technologies. The laser beam melting (LBM) segment is anticipated to hold the greatest market share in 2022, in large part due to the growing use of this technology in the dental sector and for the production of implants for minimally invasive surgery.

  • Laser Beam Melting
    • Direct Metal Laser Sintering
    • Selective Laser Sintering
    • Selective Laser Melting
    • LaserCUSING
  • Photopolymerization
  • Digital Light Processing
  • Stereolithography
  • Two-photon Polymerization
  • PolyJet 3D Printing
  • Fused Deposition Modeling
  • Multiphase Jet Solidification
  • Low-temperature Deposition Manufacturing
  • Microextrusion Bioprinting
  • Droplet Deposition/Extrusion-based Technologies
  • Electron Beam Melting
  • Three-dimensional Printing/Adhesion Bonding/Binder Jetting
  • Other Technologies

By End User

The Egypt market has been divided into hospitals and surgical facilities, dental and orthopedic clinics, academic institutions and research labs, pharma-biotech and medical device firms, and clinical research organizations based on end users. In 2022, hospitals and surgical centers are anticipated to hold the greatest market share. The high proportion of this market may be due to the ongoing expansion of internal 3D printing capabilities, the expansion of existing 3D printing laboratories, the rising affordability of 3D printing services, and the quick uptake of cutting-edge technology by hospitals in developed markets.

  • Hospitals & Surgical Centers
  • Dental & Orthopedic Clinics
  • Academic Institutions & Research Laboratories
  • Pharma-Biotech & Medical Device Companies
  • Clinical Research Organizations

Insights10 will provide you with the reports within 10 key parameters which are:

  1. Market Overview
  2. Market Growth Drivers & Restraints
  3. Epidemiology of Disease Type
  4. Market Segmentation
  5. Market Share
  6. Competitive Landscape
  7. Key Company Profiles
  8. Healthcare Policies & Regulatory Framework
  9. Reimbursement Scenario
  10. Factors Driving Future Growth

Based on our many years of experience, we believe that these are the parameters that are critical to decision-making for business stakeholders. Our focused approach to developing reports focused on 10 key parameters, enabled us to arrive at the name “Insights10”.

 

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Primary Interviews: We have developed a network of experts, freelancers, and researchers across countries through which we engage with local experts to gather key data points and assumptions about each market. We also engage regularly with some of the best market research agencies such as Atheneum, GuidePoint, GLG, etc. to conduct surveys and interviews, and build intelligence. We have language translators as a part of our team, who between them can cover 30+ languages allowing us to extract better local insights.

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Stage II: Market Data Analysis and Statistical Model

Market Trends: We generally look at macro parameters and micro indicators. The macro parameters include changes in government policies, demand and supply of the market, government intervention programs, and major market share. The micro indicators are GDP growth, market size, market volume, etc. We also understand nuances specific to each country like the US, Canada, India, Germany, etc., and have worked across 60+ countries and hence not only understand global trends but how these differ by country, how payment models, market structure, cultural parameters, etc. differ in each country.

Market Sizing and Analysis: Our expert data analytics team has created various market forecast models by employing the top-down approach i.e. starting with the large overall market and segmenting different areas and the bottom-up approach i.e. starting with population and epidemiology and rolling up based on spend, etc., estimating the size of the market, and distributing among the geographic and/or product segments.

The top-down approach is mainly used for new product forecasting and the bottom-up approach is used for demand estimation of any product for different countries summed up to form the total market. We are able to round off insights and build stronger forecasts because we always do both these methods and triangulate the final numbers.

The study on the market covers the analysis of the leading geographies such as Asia-Pacific, Africa, Europe, Middle East, North America, and  Latin America for the period of 2022 to 2030. The qualitative analysis covers the industry landscape and trends, market opportunities, competitive landscape, and policy and regulatory scenario, and the quantitative analysis covers different market estimates and forecasts.

Data Triangulation & Validation:

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We make sure to finalize the numbers in alignment with the market research. Firstly, our internal experts ensure thorough validation and checking to ensure accurate and precise analysis and then validation is also done using a multiple-data analysis model. Two-level validation is done and entails the finalization of the report scope and the way of representation pattern.

 

 

Stage III: Interpretation and Presentation

Analysis & Interpretation: The information gathered is then analyzed and synthesized. The second series of interviews are done if necessary to check and validate. The future opportunities are analyzed by understanding product commercialization and many other factors. It also comprises the analysis of data discrepancies observed across various data sources. Information procured from secondary and primary results is then, interpreted by considering the following parameters: (a partial list)

  • Establishing market drivers and trends
  • Analyzing the regulatory landscape to understand future growth
  • Market Segment based analysis to obtain revenue/volume
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Data curated from the analysis and interpretation are drawn to portray all in one consolidated report.

Presentation & Reporting: The market research report is presented in different forms such as charts by using a scientific approach for easy understanding. Historic, current, and future analysis is provided for each market in terms of both value and volume. The size of the market is interpreted in the US Dollar value and the respective unit, based on the product, for volume consumption.

The foreign exchange rates are calculated on the respective dates and for the respective regions covered in the study.

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Last updated on: 04 October 2023
Updated by: Shivam Zalke

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