3D Printing Medical Device Market Size Projected to Surge US$ 13.79 Billion Growth by 2034, Exhibit a CAGR of 13.9%: Fact.MR Report

FACT.MR
5 min read
0
In this article:
FACT.MRFACT.MR
FACT.MR

Vital Role of 3D Printing Medical Devices in Transforming Use of Healthcare Devices with Customization

Rockville, April 29, 2024 (GLOBE NEWSWIRE) -- Cases of orthopedic and dental diseases have been steadily increasing across the world over the past years. As a result, demand for 3D-printed medical devices has been rising rapidly. The global 3D printing medical device market has been estimated at US$ 3.76 billion in 2024. As stated in an updated report by Fact.MR, a market research and competitive intelligence provider, worldwide demand for 3D printing medical devices is forecasted to increase at a high-value CAGR of 13.9% from 2024 to 2034.

Get Free Sample Copy of This Report:
https://www.factmr.com/connectus/sample?flag=S&rep_id=248

Some of the key market drivers are rising public as well as private funding for taking 3D printing initiatives and increasing availability of various types of advanced 3D printing materials for dental or medical applications. In addition, increasing preference for 3D-printed products in the fields of cosmetics and pharmaceuticals is also generating lucrative opportunities for market players.

In recent years, the surgical and dental care fields have been changing from traditional to digital technologies and processes. The use of computer-controlled procedures helps manufacture a physical object with the use of a digital design. With the development of 3D printing technology, an increased employment of direct digital production techniques is encountered, which positively impacts market growth.

Report Attribute

Details

Value Projection (2034)

US$ 13.79 Billion

Growth Rate (2024-2034)

13.9% CAGR

No. of pages

170 Pages

No. of Tables

80 Tables

No. of Figures

131 Figures

Key Takeaway from Market Study

  • Worldwide sales of 3D printing medical devices are calculated to reach US$ 3.76 billion in 2024.

  • The global 3D printing medical device market is projected to reach a value of US$ 13.79 billion by 2034.

  • Demand for 3D printing medical devices is forecasted to advance at a double-digit CAGR of 13.9% from 2024 to 2034.

  • North America is forecasted to account for 35.2% of the global market share by the end of 2034.

  • Sales of 3D printing medical devices in South Korea are poised to rise at a CAGR of 14.5% from 2024 to 2034.

  • Worldwide demand for 3D printers is evaluated to increase at a CAGR of 15% and reach a valuation of US$ 5.81 billion by 2034-end.

“Growing demand for 3D printing medical devices is attributed to their use in the quick development of more efficient, reliable, and advanced medical tools,” says a Fact.MR analyst.

Related Market Projections for 2034

Dental 3D Printing Market

US$ 25 Billion

3D Printing Material Market

US$ 16.4 Billion

Key Companies Profiled in This Report

  • 3D Systems Corporation

  • Cyfuse Biomedical K.K.

  • Biomedical Modeling Inc.

  • Stratasys Ltd.

  • Carbon, Inc.

  • SLM Solutions Group AG

  • Renishaw Plc

  • General Electric Company

  • Organovo Holdings, Inc.

  • Envision TEC GmbH

  • Groupe Gorge SA

  • Materialise NV

Presence of Well-established Healthcare Infrastructure in the United States Generating Avenues for Market Players

Sales of 3D printing medical devices in the United States are projected to rise at a CAGR of 15% and reach US$ 1.23 billion by the end of 2034. Increased demand for 3D printing medical devices in the country is owing to the presence of advanced healthcare facilities, including hospitals, diagnostic centers, and many more. Moreover, growing incidences of installation of 3D printers in the healthcare sector are driving opportunities for players.

Get Customization on this Report for Specific Research Solutions:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=248

More Valuable Insights on Offer

Fact.MR, in its new offering, presents an unbiased analysis of the 3D printing medical device market, presenting historical demand data (2018 to 2023) and forecast statistics for the period (2024 to 2034).

The study divulges essential insights into the market based on product (3D printers, 3D bio-printers, material, software & services), technology (laser beam melting, photo polymerization, three-dimensional printing, electron beam melting, droplet deposition), application (surgical guides, surgical instruments, standard prosthetics & implants, tissue-engineered products, hearing aids, external wearable devices), and end user (hospitals, academic institutes, contract research organizations, pharma & biotech companies), across six major regions of the world (North America, Europe, East Asia, Latin America, South Asia & Oceania, and MEA).

Explore More Related Studies Published by Fact.MR Research: 

Dental 3D Printing Market: Global demand for dental 3D printing is forecasted to reach a value of US$ 21.9 billion by 2033-end.

3D Cell Culture Market: The global 3D cell culture market size is estimated at US$ 572.8 million in 2024 and is forecasted to reach US$ 1.42 billion by 2034-end.

3D Dental Scanners Market: Worldwide demand for 3D dental scanners is set to surge at 10.8% CAGR from 2022 to 2027.

About Fact.MR:

Fact.MR is a distinguished market research company renowned for its comprehensive market reports and invaluable business insights. As a prominent player in business intelligence, we deliver deep analysis, uncovering market trends, growth paths, and competitive landscapes. Renowned for its commitment to accuracy and reliability, we empower businesses with crucial data and strategic recommendations, facilitating informed decision-making and enhancing market positioning. With its unwavering dedication to providing reliable market intelligence, FACT.MR continues to assist companies in navigating dynamic market challenges with confidence and achieving long-term success. With a global presence and a team of experienced analysts, FACT.MR ensures its clients receive actionable insights to capitalize on emerging opportunities and stay ahead in the competitive landscape.

Contact:
US Sales Office
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583, +353-1-4434-232 (D)
Sales Team: sales@factmr.com
Follow Us: LinkedIn | Twitter | Blog


Advertisement

Recommended Stories

  • Why Biden's tariffs on Chinese EVs will have little immediate impact on the US auto market

    President Biden quadrupled tariffs on Chinese-made EVs. The catch? Hardly any Americans are buying these cars anyway.

  • Is There Actually an RMD Cut-Off Age?

    Required minimum distributions (RMDs) are the minimum amount that you must withdraw from certain tax-advantaged retirement accounts. They begin at age 72 or 73, depending on your circumstances and continue indefinitely. There is, unfortunately, no age when RMDs stop. You … Continue reading → The post At What Age Do RMDs Stop? appeared first on SmartAsset Blog.

  • Walmart to cut jobs at headquarters, relocate others

    (Reuters) -Walmart Inc announced on Tuesday that it plans to cut hundreds of jobs at its corporate headquarters and relocate a majority of its U.S. and Canada-based remote workforce to three offices, a shift in strategy after initially endorsing virtual work during the pandemic. "We are asking the majority of associates working remotely, and the majority of associates within our offices in Dallas, Atlanta, and our Toronto Global Tech office, to relocate," Donna Morris, Walmart's chief people officer wrote in a memo to its U.S. campus associates on Tuesday. The world's largest retailer and the country's largest private employer, with 2.1 million workers globally, said most of the relocations will be to its headquarters in Bentonville, Arkansas, while some will move to its offices in the San Francisco Bay Area or Hoboken, New Jersey.

  • Walmart lays off hundreds of employees and requires others to relocate

    Walmart on Tuesday announced layoffs affecting several hundred jobs at the retail giant’s campus offices. It also said it will require most remote workers and personnel in its Dallas, Atlanta and Toronto offices to relocate to its primary offices in Bentonville, Arkansas; Hoboken, New Jersey; and the San Francisco Bay Area. The news, conveyed via a Walmart staff memo provided to The Associated Press, said the relocations will serve the goal of “bringing more of us together more often.”

  • BYD Debuts First Pickup Truck in Mexico

    Chinese automaker BYD has launched its first pickup truck, debuting a luxury plug-in hybrid in Mexico to compete with global rivals in China’s second-largest market for auto exports.

  • With America Off-Limits, China EV Makers Aim to Conquer Rest of World

    Carmakers in China are accelerating a sales push in Europe and Southeast Asia and are looking to produce more abroad.

  • Warren Buffett Holds $175 Billion of His Portfolio in 2 Stocks That Could Rise 34% and 17%, According to a Pair of Wall Street Analysts

    If you want to learn how to succeed like Buffett, understanding his biggest investment decisions would be a good place to start.

  • Meet the Two Super Safe Stock Market Sectors That Just Hit 52-Week Highs

    Investors are getting defensive, and that's driving higher prices in the utility and consumer staples sectors.

  • Kraft Heinz ‘explores interest’ in Oscar Mayer sale

    The sale could bring in between $3bn and $5bn, according to the Wall Street Journal, which cited people familiar with the matter.

  • 3M shareholders vote down executives' pay packages in annual meeting

    Former top boss at L3 Harris Technologies Bill Brown succeeded Roman as CEO on May 1. Roman transitioned to become 3M's executive chairman on the same day. Brown takes the helm after a period of what has been seen as poor financial performance, which 3M has tried to mitigate by rolling out a major restructuring that includes cutting thousands of jobs and the spinoff of its healthcare business into a listed company.