Market Size of 3D Printed Medical Devices Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 3.98 Billion |
| Market Size (2029) | USD 8.47 Billion |
| CAGR (2024 - 2029) | 16.32 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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3D Printed Medical Devices Market Analysis
The 3D Printed Medical Devices Market size is estimated at USD 3.98 billion in 2024, and is expected to reach USD 8.47 billion by 2029, growing at a CAGR of 16.32% during the forecast period (2024-2029).
- As per the Organ Procurement and Transplantation Network (OPTN), in 2018, around 27,281 organ implantations were performed in the United States. Further, over 120,000 people in the country were waiting for an organ transplant by the end of 2018. This shortage could likely be reduced by using 3D bioprinting. The 3D bioprinting method deposits 'bioink,' droplets of living cells or biomaterials, onto a substrate according to digital instructions to reproduce human tissues or organs.
- Moreover, this technology is providing the benefits of personalized treatments at an affordable price to the patients. For instance, 3D printed skin are incorporated on the body of a burnt victim. By using bio-printed skins, doctors minimize the need for skin grafting surgeries. Thus, by applying 3D bio-printed skin, doctors can transfer healthy skin cells to those injury parts, thus making the treatment faster and easier.
- All the above factors are expected to contribute significantly toward the growth of the market. However, securing approval from regulators might impede the widespread medical application of 3D printing during the forecast period.
