The US 3D printing medical devices market is projected to grow from $1.2 Bn in 2022 to $3.6 Bn by 2030, registering a CAGR of 14.3% during the forecast period of 2022-30. 3D printing enables medical devices to be customized to the individual patient's needs, which can improve patient outcomes and satisfaction. The US 3D printing medical devices market is highly competitive, with several established players and new entrants vying for market share. Some of the major players in the US 3D printing medical devices market include Stratasys, Stryker Corporation, 3D Systems, and Materialise NV
According to projections, the US market for 3D-printed medical equipment would increase from $1.2 billion in 2022 to $3.6 billion in 2030, growing at a CAGR of 14.3% during the forecast period of 2022-30.
A fast-expanding area of the medical device business is the US 3D printing medical devices market. Additive manufacturing, also referred to as 3D printing, is the process of making three-dimensional objects by stacking different materials on top of one another. Implants, prosthetic limbs, and surgical instruments have all been produced using 3D printing in the medical device sector.
Many reasons, including the following, drive the US market for 3D-printed medical devices:
The variety of medical devices that may be produced using 3D printing has increased thanks to the introduction of new 3D printing materials and technology.
The following are some of the major uses of 3D printing in the medical device sector:
The US market for 3D printed medical products is very competitive, with both long-established companies and recent startups contending for market dominance. Stratasys, Stryker Company, 3D Systems, and Materialise NV are among the significant companies in the US market for medical equipment made using 3D printing technology.
Growth Drivers
Many reasons, including the following, drive the US market for 3D-printed medical devices:
Obstacles to the US market for 3D-printed medical devices
The US market for 3D-printed medical equipment is additionally constrained by a number of factors, such as:
Key Players
The market is a highly competitive market with several key players, including:
Other notable players in the US 3D printing medical devices market include Renishaw, Oxford Performance Materials, and Arcam AB.
The US 3D printing medical equipment industry is subject to a number of healthcare rules and regulations. The following are some of the important laws and agencies that regulate the market:
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
By Component
The US 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.
By Application
The US 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.
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.
By End User
The US 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.
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