How is the global 3D Printer medical device market?
On May 28, 2022, GLOBE NEWSWIRE announced the release of the report “Global 3D Printer Medical Device Market Analysis Report 2022”. Key data for this report comes from 3D Systems, EnvisionTEC, Stratasys Ltd., ArcamAB, Cyfuse Biomedical, materialiseNV, Organovo Holdings, EOSGmbH, FabRx Ltd. and Concept Laser.
Market Analysis Overview
The global 3D Printer medical device market is expected to grow from USD 2.29 billion in 2021 to USD 2.76 billion in 2022 at a compound annual growth rate (CAGR) of 20.4%. The market is expected to grow at a CAGR of 13.0% to USD 4.49 billion by 2026.
This market includes, sales of 3D Printer medical devices and related services. 3D Printer is the process of creating three-dimensional medical devices with the help of computer-aided design. Some 3D Printer medical devices, including orthopedic and cranial implants, surgical instruments, dental restorations such as crowns, and external restorations.
The main types of 3D Printer medical devices are implants, surgical instruments, prosthetics, tissue engineering instruments, etc. Technical advantages, 3D Printer can be used to manufacture medical implants with complex geometries.
These are made up of raw materials such as plastics, bio-inks, metals and alloys. The technologies involved in 3D Printer medical devices include molten deposition modeling, digital light processing, stereo lithography and selective laser melting, etc.
Application Prospects Overview
The technology is suitable for orthopaedic, spinal, dental, hearing aids and other end-user use such as hospitals, diagnostic centers, academic institutions, etc.
Growing increase in osteoarthritis and similar musculoskeletal disorders is one of the major factors driving the growth of the 3D Printer medical devices market. Osteoarthritis, a disease that damages joint cartilage and surrounding tissue, causes pain, stiffness and loss of joint function in people.
3D Printer medical devices, which can help patients create replicas of joints, can also provide surgeons with critical information that may not be visible in 2D scans. Globally, the risk of developing osteoarthritis increases with age, according to a report.
For example, a report from the U.S. National Library of Medicine estimates that by 2040, approximately 78 million (26 percent) U.S. adults age 18 and older will have arthritis. To this end, the development of 3D Printer medical equipment will be further promoted in the future, which will have a positive impact on the market growth.
Problems Encountered So Far
Biocompatibility issues associated with 3D Printer medical devices are restraining the growth of the 3D Printer medical devices market. Biocompatibility means the properties that make a material or device compatible with the human body.
If the 3D Printer implant is not compatible with the patient’s biomechanics, the patient may experience side effects such as abnormal bone growth and bleeding. Currently, the most commonly used material in the manufacture of 3D Printer medical devices is the metal titanium.
Although titanium offers reliability and accuracy in the manufacture of medical-grade 3D Printer constructs, there is a population that rejects titanium, primarily because of its chemical composition, which inhibits the interaction of bone and tissue with implants. In addition to this, there are a number of reasons for implant failure, such as high stiffness, high corrosion rates, toxicity, or infection due to bone exposure to infected metal implants.
The spine industry is also one of the latest trends in the future medical device market. The goal of innovative products is achieved through 3D Printer technology that promotes bone ingrowth and improves implant fixation to the spinal bone, shortening the manufacturing process, increasing patient satisfaction, and in some cases more cost-effective benefit.
For example, Medtronic Titanium 3D Printer Platform – TiONIC Technology. Implants with enhanced surface textures are fabricated using laser methods. Artic-L is the company’s first metal implant made using TiONIC technology. Can be used by surgeons in spine surgery. And K2M’s Lamellar, which also uses titanium to make 3D spinal implants. One of the unique advantages of using metal 3D Printer technology is the realization of structures once considered impractical by traditional manufacturing techniques.