Global 3D Printing Medical Device Software Market Overview
3D Printing Medical Device Software Market Size was valued at USD 0.06 Billion in 2023. The 3D Printing Medical Device Software market industry is projected to grow from USD 0.07 Billion in 2024 to USD 0.23 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 15.81% during the forecast period (2024 - 2032). Increased need for affordable 3D-printed medical equipment, technological breakthroughs in software solutions, and growth in demand for personalized medical devices, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
3D Printing Medical Device Software Market Trends
- Technological developments in a software solution is driving the market growth
Medical device 3D printing software carries out a number of tasks, including printing, analysis, visualization, planning, and design. The market for 3D printing medical device software is expanding as a result of ongoing technological advancements in software solutions. The 3D printing business has been concentrating on the creation of hardware and materials for a very long time. The 3D printing of medical equipment has recently seen a significant increase in software development. The 3D printing sector has profited enormously from software compatibility. It has aided in minimizing the procedures, resources, and labor required to create a model for printing. Technical developments have made it possible to create novel 3D-printed goods that will meet the expanding demand for 3D-printed medical equipment in the healthcare sector. Key players in the 3D printing medical device software market are concentrating on the development of unique goods as standard manufacturing procedures take a lot of time.
One of the key drivers behind the market's expansion is the rising prevalence of surgical operations due to a variety of causes around the world. In other words, increasing rates of kidney stones, auto accidents, and other problems are directly causing the market to expand. Rising research and development spending, particularly in developed and developing nations, will further generate attractive chances for market expansion. The development of medical devices is being supported by research and development capabilities, which is accelerating market growth. The market is expanding as a result of the rising number of public-private partnerships for the construction of healthcare infrastructure, particularly in developing nations. The market is also expanding as a result of the increasing introduction of novel technologies for the preservation of stem cells and their storage as a result of a partnership between public and private companies.
The market for 3D printing medical devices is constantly expanding and improving as a result of these advancements in order to increase their effectiveness, speed, and cost-effectiveness. Additionally, the rise in bone and musculoskeletal injuries as well as the prevalence of cardiovascular and neurological disorders are predicted to increase demand for 3D anatomical parts, creating a significant market opportunity for 3D printing medical devices worldwide. Thus, driving the 3D Printing Medical Device Software market revenue.
3D Printing Medical Device Software Market Segment Insights
3D Printing Medical Device Software Type Insights
The 3D Printing Medical Device Software market segmentation, based on type, includes integrated and standalone. Integrated segment dominated the market in 2022. For a more effective workflow, this refers to integrating software solutions with other CAD applications. With integrated software, medical device customisation in accordance with commercial requirements is simple. Since the design elements of such software are already present, no tools or laborious assembly is required. As a result, considerable time and financial savings are made. For instance, Stratasys Ltd. offers GrabCAD 3D printing software, which quickens the CAD-to-print procedure.
3D Printing Medical Device Software Function Insights
The 3D Printing Medical Device Software market segmentation, based on function, includes printing, analysis, planning, design, visualization, navigation. The printing segment dominated the market in 2022. Doctors and other healthcare workers print actual versions of medical devices to help patients visualise and illustrate their use. During the printing process, layers are layered on top of each other to create objects. If the model was made using an extruded-based plastic printer and featured regions that weren't resting on the printing bed, the programme would add "Support" during printing processes. These so-called "Supports" are basically removable printing waste products that act as a foundation for features that could deform while being printed.
3D Printing Medical Device Software Application Insights
The 3D Printing Medical Device Software market segmentation, based on Application, includes medical imaging, dental, surgery, research, physical therapy, aesthetic medicine. Medical imaging segment dominated the 3D Printing Medical Device Software market in 2022.The process of visualising inside body regions in advance of medical intervention is known as medical imaging. It makes use of fluoroscopy, magnetic resonance imaging, and X-ray radiography among other things. 3D printing and medical imaging are related in numerous ways. It assists in providing data for the creation of 3D medical models.
3D Printing Medical Device Software End User Insights
The 3D Printing Medical Device Software market segmentation, based on End User, includes medical device companies, dental laboratories, hospitals & clinics, research institutes, and others. The medical device companies segment dominated the 3D Printing Medical Device Software market in 2022.In 2019, businesses that produce medical devices had the largest market share. Strong 3D printing software was built for medical devices by medical device companies. The production of 3D-printed medical equipment is heavily influenced by the pharmaceutical and biotechnology industries.
Figure 1: 3D Printing Medical Device Software Market, by End User, 2023 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
3D Printing Medical Device Software Regional Insights
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The North America 3D Printing Medical Device Software Market dominated this market in 2022 (45.80%). This is related to the introduction and rapid adoption of cutting-edge technologies as well as the presence of important businesses in the area. Further, the U.S. 3D Printing Medical Device Software market held the largest market share, and the Canada 3D Printing Medical Device Software market was the fastest growing market in the North America region.
Further, the major countries studied in the market report are The US, Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: 3D PRINTING MEDICAL DEVICE SOFTWARE MARKET SHARE BY REGION 2023 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe 3D Printing Medical Device Software market accounted for the healthy market share in 2022. Germany, the U.K., Italy, and France are the biggest markets for 3D printing medical device software. Entrepreneurs are being helped in the development of cutting-edge products by the spike in funding from private players and the growing number of businesses in the field of 3D printing medical device software. Further, the German 3D Printing Medical Device Software market held the largest market share, and the U.K 3D Printing Medical Device Software market was the fastest growing market in the European region.
The Asia Pacific 3D Printing Medical Device Software market is expected to register significant growth from 2023 to 2032. International businesses are focusing on collaboration and opening new operations there because of the local talent pool.Moreover, China’s 3D Printing Medical Device Software market held the largest market share and the Indian 3D Printing Medical Device Software market was the fastest growing market in the Asia-Pacific region.
3D Printing Medical Device Software Key Market Players & Competitive Insights
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the 3D Printing Medical Device Software market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, 3D Printing Medical Device Software industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the 3D Printing Medical Device Software industry to benefit clients and increase the market sector. In recent years, the 3D Printing Medical Device Software industry has offered some of the most significant advantages to medicine. Major players in the 3D Printing Medical Device Software market, including Stratasys Ltd, Nemotec, PS-Medtech, DWS Systems, 3D Systems Corporation, Carima, Real Dimension Inc, Regenhu, 3D Totem, Ackuretta Technologies, and Materialise NV, are attempting to increase market demand by investing in research and development Types.
Comprehensive 3D printing solutions are provided by 3D Systems Corp (3D Systems). The business creates, develops, produces, and sells 3D printers, software, materials made of plastic and metal, and digital design tools. Stereolithography (SLA), selective laser sintering (SLS), direct metal printing (DMP), multijet printing (MJP), and colour jet printing (CJP) printers are all available from 3D Systems. Various 3D printers, 3D scanners, software, digitizers, healthcare simulators, and materials are also available. Additionally, the business provides dental, individualised healthcare, medical equipment, and regenerative medicine services. Companies in the automobile, aerospace, government, defence, technology, electronics, education, consumer goods, energy, and healthcare industries can purchase its products. Through distributors, channel partners, and direct sales agents, 3D Systems offers its goods. The region of the Americas, Asia Pacific, Europe, the Middle East, and Oceania all have businesses operated by the corporation. The U.S. city of Rock Hill, South Carolina, is where 3D Systems is headquartered. VSP Hybrid Guides for maxillofacial treatments composed of titanium and nylon and customised for each patient were introduced by 3D Systems (US) in April 2021.
The company Stratasys Ltd. (Stratasys) provides 3D printing services and additive manufacturing services. The business sells 3D printers, consumables, and operating system packages. Along with this, it offers other services including strategic advice, quick prototyping, contract engineering, on-site installation, customer support and warranty, direct manufacturing paid-parts services, maintenance, and training. Dental laboratories now have access to the J5 DentaJet 3D Printer PolyJet printer from Stratasys Ltd. (US) as of March 2021.
Key Companies in the 3D Printing Medical Device Software market include
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Stratasys Ltd
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Nemotec
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PS-Medtech
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DWS Systems
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3D Systems Corporation
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Carima
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Real Dimension Inc
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Regenhu
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3D Totem
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Ackuretta Technologies
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Materialise NV
3D Printing Medical Device Software Industry Developments
February 2021:EnvisionTEC was purchased by Desktop Metal, Inc. (US) from Germany. The 3D printing medical devices company's current clientele will be strengthened by this purchase.
3D Printing Medical Device Software Market Segmentation
3D Printing Medical Device Software Type Outlook
3D Printing Medical Device Software Function Outlook
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Printing
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Analysis
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Planning
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Design
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Visualization
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Navigation
3D Printing Medical Device Software Application Outlook
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Medical Imaging
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Dental
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Surgery
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Research
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Physical Therapy
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Aesthetic Medicine
3D Printing Medical Device Software End User Outlook
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Medical Device Companies
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Dental Laboratories
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Hospitals & Clinics
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Research Institutes
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Others
3D Printing Medical Device Software Regional Outlook
- North America
- Europe
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- Australia
- South Korea
- Australia
- Rest of Asia-Pacific
- Rest of the World
- Middle East
- Africa
- Latin America
Report Attribute/Metric |
Details |
Market Size 2023 |
USD 0.06 Billion |
Market Size 2024 |
USD 0.07 Billion |
Market Size 2032 |
USD 0.23 Billion |
Compound Annual Growth Rate (CAGR) |
15.81% (2024-2032) |
Base Year |
2023 |
Market Forecast Period |
2024-2032 |
Historical Data |
2018- 2022 |
Market Forecast Units |
Value (USD Billion) |
Report Coverage |
Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends |
Segments Covered |
Type, Function, Application, End User, and Region |
Geographies Covered |
North America, Europe, Asia Pacific, and the Rest of the World |
Countries Covered |
The U.S., Canada, German, France, U.K, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil |
Key Companies Profiled |
Stratasys Ltd, Nemotec, PS-Medtech, DWS Systems, 3D Systems Corporation, Carima, Real Dimension Inc, Regenhu, 3D Totem, Ackuretta Technologies, and Materialise NV |
Key Market Opportunities |
Increasing demand in the dental industry |
Key Market Dynamics |
Technological advancements in software solutions, increasing demand for low-cost 3D printed medical devices, and rise in demand for customized medical devices |
3D Printing Medical Device Software Market Highlights:
Frequently Asked Questions (FAQ) :
The 3D Printing Medical Device Software market size was valued at USD 0.06 Billion in 2023.
The market is projected to grow at a CAGR of 15.81% during the forecast period, 2024-2032.
North America had the largest share in the market
The key players in the market are Stratasys Ltd, Nemotec, PS-Medtech, DWS Systems, 3D Systems Corporation, Carima, Real Dimension Inc, Regenhu, 3D Totem, Ackuretta Technologies, and Materialise NV
The Integrated Type dominated the market in 2022.
The Printing Function had the largest share in the market.