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Main article: 3D printing in medicine
2023: Global 3D Printer Medical Products Market Size Reaches $2.1 Billion for the Year
At the end of 2023, the global market for medical devices created by 3D printing amounted to approximately $2.1 billion. In the future, steady growth is expected in this area, as stated in a study by BCC Research, the results of which were published in mid-July 2024.
It is noted that 3D printing technology has revolutionized the healthcare sector, significantly affecting the production speed and availability of medical devices. 3D printing can create personalized devices tailored to the individual needs of patients, such as implants and prostheses. Customized components improve treatment outcomes and improve patient comfort. In the dental industry, 3D printing allows you to quickly and accurately manufacture crowns, bridges and dentures.
During the COVID-19 pandemic, 3D printing technologies played a key role in solving production and supply problems. 3D printing provides an efficient and cost-effective alternative to traditional manufacturing methods in which medical devices are manufactured directly using digital models. This eliminates a number of time-consuming steps and complex processes. Therefore, the demand for 3D printing systems in the field of health care is constantly growing. Among the key market players are named 3D Systems, Carbon, Cellink, Fabrx, Formlabs, GE Aerospace, HP Development, Materialise, Prodways Group, Proto Labs, Regenhu, Renishaw, Stratasys, etc.
Analysts at BCC Research believe that the market for medical devices created on 3D printers will continue to develop rapidly. The CAGR (compound percentage CAGR) from 2024 to 2029 is expected to be 14.7%. As a result, the industry will reach $4.5 billion by the end of the period under review[1]
2016: Market Size of $660 Million
In September 2017, Gartner's data on the 3D printing market in medicine was released. Most often, dental products are created on 3D printers.
According to The Wall Street Journal (WSJ), citing a Gartner study, in 2016, global spending on medical products obtained using volumetric printing reached $660 million. Approximately 34% of this amount came from dental implants.
Sales of the remaining 3D-printed implants accounted for 19.1% of the total volume. The third most popular category was endoprosthetics (13.2%). In addition, as can be seen in the diagram above, 3D printing creates auditory prostheses (8.7%), surgical instruments (8.3%), medical components (6.3%), drugs (4.3%) and tissue culture technologies (2.3%).
Anurag Gupta, vice president of research at Gartner, says 3D printing in healthcare "could have a revolutionary impact on the Internet and cloud computing a few years ago."
One of the main problems on the way of mass introduction of such technologies is the high cost of printing equipment - from 10 to 400 thousand dollars. In addition, owners of 3D printers have to incur "hidden costs," says Jimmy Beacham, head of 3D printing at GE Healthcare. The fact is that engineers have to convert digital images received from MRI, CT or ultrasound scanners into data that can be used to create a volume model.
The WSJ article also cites another problem - 3D printing takes a long time. For example, Mayo Clinic specialists took 60 hours to create a 3D model of a pelvis with a patient's tumor.[2]
See also
- 3D Printers (Global Market)
- 3D Printing Projects
- AMT-Spetsavia
- Apis Cor
- Evolution of additive manufacturing technologies
Notes
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