India 3D Printing Medical Devices Market Analysis

India 3D Printing Medical Devices Market Analysis

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India's 3D printing medical devices market size was valued at $54 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 $222 Mn in 2030. The market is segmented by component, application, technology, and end user. The India 3D Printing Medical Devices market will grow as the 3D printing technology allows for the customization of medical devices, which is becoming increasingly important in the healthcare industry. The key market players are 3D Life Prints, Osteo3d, Ayushman3D, Anatomiz3D Medtech, SLM Solutions, EOS, and others.

ID: IN10INMD002 CATEGORY: Medical Devices GEOGRAPHY: India AUTHOR: Chandani Patel

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India 3D Printing Medical Devices Market Executive Summary

The India 3D Printing Medical Devices market size was valued at $54 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 $222 Mn in 2030.  According to data from the World Bank, India's total health expenditure as a percentage of its GDP has been increasing in recent years. India's total health expenditure was 3.6% of its GDP, up from 3.1% in 2009. India's GDP has also been growing, with an average annual growth rate of 6.9% between 2015 and 2019. In 2019, India's GDP was $2.9 trillion, making it the sixth-largest economy in the world.

3D printing technology is being increasingly used in the medical device industry in India. The technology is being used to produce a wide range of medical devices, including prosthetics, implants, surgical instruments, and anatomical models for surgical planning and training. One of the major benefits of using 3D printing in the medical device industry is that it allows for the production of custom-made devices that are specifically tailored to the needs of individual patients. This can lead to better patient outcomes and improved quality of life.

The use of 3D printing technology in the medical device industry is also having a significant impact on the overall 3D printing market in India. The Indian 3D printing market is expected to grow at a rapid pace in the coming years, driven in part by the increasing demand for medical devices produced using 3D printing technology.

The growth of the 3D printing medical device market in India is being driven by several factors, including the increasing adoption of advanced manufacturing technologies by healthcare providers, the rising prevalence of chronic diseases and the need for personalized medical devices, and the growing awareness of the benefits of 3D printing technology among patients and healthcare professionals. The use of 3D printing technology in the medical device industry in India is having a significant impact on the overall 3D printing market in the country. With the increasing demand for personalized medical devices and the rising adoption of advanced manufacturing technologies, we can expect to see continued growth in the 3D printing medical device market in India in the coming years.

India 3D printing medical devices market report 2022 to 2030

Market Dynamics

Market Growth Drivers

  1. Technological Advancements: Advancements in 3D printing technology have made it possible to produce highly complex and personalized medical devices, which is driving demand for 3D-printed medical devices in India
  2. Rising Healthcare Expenditure: India's healthcare expenditure has been increasing in recent years, driven by a growing population, rising income levels, and a higher burden of disease. This is creating opportunities for companies that produce 3D-printed medical devices
  3. Increasing Government Support: The Indian government has been taking steps to promote innovation in the healthcare sector, including the use of 3D printing technology. For example, the government has established the National Biopharma Mission, which aims to promote the development of innovative medical products, including 3D-printed medical devices
  4. Growing Medical Tourism: India is becoming an increasingly popular destination for medical tourism, with a large number of patients coming from abroad for medical treatment. This is creating opportunities for companies that produce 3D-printed medical devices, particularly in areas such as orthopedics and dental implants

Market Restraints

  1. Lack of Awareness: Many healthcare professionals and patients in India are not aware of the potential benefits of 3D printing technology in the medical field, which is limiting the adoption of 3D printed medical devices
  2. High Costs: The cost of 3D printing technology and materials is relatively high compared to traditional manufacturing methods, which is a barrier to the adoption of 3D printed medical devices in India
  3. Regulatory Challenges: As mentioned earlier, the regulatory environment for medical devices in India is complex and constantly evolving, which is a challenge for companies that produce 3D-printed medical devices
  4. Limited Healthcare Infrastructure: India's healthcare infrastructure is still developing, particularly in rural areas, which limits the availability and accessibility of 3D-printed medical devices

Competitive Landscape

Key Players

  • 3D Life Prints: This company offers a range of 3D-printed medical products, including custom-made prosthetics and implants.
  • Osteo3d: This company produces 3D-printed implants for orthopedic surgeries, using high-strength materials such as titanium and cobalt-chrome.
  • Ayushman3D: This company produces a range of 3D-printed medical products, including prosthetics, implants, and surgical instruments.
  • Anatomiz3D Medtech: This company produces 3D-printed models of patient anatomy for use in surgical planning and training
  • Anatomage: This company produces 3D-printed anatomical models and simulation software for use in medical education and training.
  • 3Dexter: This company produces educational kits and curriculum for teaching 3D printing technology in schools and colleges
  • Sahajanand Medical Technologies: This company produces a range of medical devices, including coronary stents and orthopedic implants, using 3D printing technology
  • Stratasys: This is a US-based company that produces 3D printers and materials for a range of applications, including medical device production. Stratasys has a sales and support office in India
  • 3D Systems: This is another US-based company that produces 3D printers, software, and materials for various industries, including healthcare. 3D Systems has a sales and support office in India
  • Materialise: This is a Belgian company that produces 3D printing software and services, including medical image-based software for surgical planning and custom implant design. Materialise has a sales and support office in India
  • SLM Solutions: This is a German company that produces metal 3D printers for various industries, including medical device production. SLM Solutions has a sales and support office in India
  • EOS: This is a German company that produces industrial 3D printing systems, including metal and polymer printers for medical device production. EOS has a sales and support office in India

Healthcare Policies and Regulatory Landscape

India's 3D printing medical device market is subject to various regulations from different government agencies. Here are some of the key regulations that apply:

3D-printed medical devices are subject to the same regulations as traditional medical devices. In India, medical devices are regulated by the Central Drugs Standard Control Organization (CDSCO). Companies that manufacture or import medical devices must register with the CDSCO and obtain product approvals before they can be marketed in India.

  1. To ensure the safety and effectiveness of 3D-printed medical devices, manufacturers must establish and maintain a quality management system (QMS) in accordance with the requirements of the CDSCO. The QMS must cover all aspects of the product lifecycle, including design, development, manufacturing, and distribution.
  2. India has strong intellectual property laws that protect the rights of patent holders. Companies that produce 3D-printed medical devices must ensure that they are not infringing on the patents of others. Companies that export or import 3D-printed medical devices must comply with relevant customs and trade regulations.
  3. 3D printing technology involves the use of computer systems and networks, which can be vulnerable to cyber-attacks. Companies that produce 3D-printed medical devices must establish and maintain cybersecurity measures to protect sensitive patient data and ensure the security of the product.

Compliance with these regulations is essential for companies that want to enter or operate in the 3D printing medical device market in India. It is important to note that the regulatory environment in India is subject to change, and companies must stay up-to-date with the latest regulations and requirements.

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 Overview Product Applications and Services Recent Developments Partnerships Ecosystem 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

India 3D Printing Medical Devices Market Segmentation

By Component

The India 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 process 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 personalised 3D printed medical equipment among hospitals and surgical centres, 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 India 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 India 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

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Last updated on: 02 May 2024
Updated by: Anish Swaminathan

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