Biocompatible 3D Printing Materials Market Analysis| 2023-2028

Market Insights

"The Biocompatible 3D Printing Materials Market was estimated at USD 525.85 million in 2022 and is likely to grow at a CAGR of 22.2% during 2023-2028 to reach USD 1751.73 million in 2028."

Wish to Get a Free Sample? Register Here.

Market Dynamics

Introduction

Biocompatible 3D printing materials are materials that are low in viscosity and help produce tough parts. These are mainly known for their applications for medical purposes.

Biocompatible 3D printing materials can be of polymer, metal, or others. They are available in powder, liquid, and also in other forms. Implants & prosthesis, prototyping & surgical guides, tissue engineering, hearing aid, and others are some of the application areas where these materials are used.

Market Drivers

The global biocompatible 3D printing materials market drivers include the following factors:

1. Advancements in 3D Printing Technology: 3D printing technology has revolutionized the 3d printing market, enabling the production of customized and complex structures with precise control over designs, multi-material capabilities, and integration of bioactive agents. 3D printing technology is preferred to generate medical structures since it improves the product-performance and can meet specific requirements and offer safe and reliable products.
2. Growing Medical Applications: Medical applications use biocompatible 3D printing materials in manufacturing implants, prosthetics, tissues, etc. to guarantee safe interaction with the human body. For instance, in February 2023, a US-based 3D printer and material maker Stratasys announced the launch of dentures made with a new biocompatible resin material in realistic color and tooth detail. 3D-printed permanent dentures aim to reduce cost.
3. Biodegradability and Sustainability: The push for environmentally friendly solutions in various industries extends to healthcare. Biocompatible and biodegradable materials are becoming more popular since they are safe for the human body as well as sustainable.
4. Aging Population and Increasing Chronic Conditions: The global aging population and the prevalence of chronic diseases are connected, and both substantially rise the demand for medical devices and implants. Since biocompatible materials are viable and safe for the human body, these are considered promising solutions for patient-specific products.

Segments Analysis

By Application Type

"The Implants & Prosthesis segment is estimated to be the largest application segment of the market in the coming five years".

• The market is segmented as implants & prosthesis, prototyping & surgical guides, tissue engineering, hearing aid, and others.
• The Implants & Prosthesis segment is estimated to be the largest application segment of the market in the coming five years, in terms of both value and volume. This growth is owing to the increased demand from patients suffering from grave health disorders and the rising number of accidents. Prototyping & surgical guides account for the second-largest application of biocompatible 3D printed materials.
• When made with biocompatible 3D printing materials, they enable clinical training, education, and device testing without the use of human cadavers and animal models. Usually, polymers are the favored choice for this application. Henceforth, prototyping lessens the dependence on live models and decreases the cost and time for clinical procedures and testing.  

Regional Analysis

"North America is the largest market and is estimated to lead the market during the forecast period as well".

• The growth of the market in the region is owing to the presence of leading biocompatible 3D printing companies, consisting of 3D systems (US), who are incessantly striving to pace up their market share through innovation and expansion. Further, the government in North America has undertaken substantial research concerning healthcare to bring down the cost of various medical applications.     

?

To know which region offers the best growth opportunities, Click Here.

Key Players

The following are the key players in the Biocompatible 3D Printing Materials Market (arranged alphabetically).

• Advanced Solutions, Inc.
• Apium Additive Technologies GmbH
• Aspect Biosystems Ltd.
• Bioink Solutions, Inc.
• Cellink AB
• Concept Laser GmbH
• Detax Ettlingen
• Evonik Industries AG
• Formlabs, Inc.
• Hoganas AB.

Note: The above list does not necessarily include all the top players in the market.

Are you the leading player in this market? We would love to include your name. Write to us at sales@stratviewresearch.com

Report Features

This report provides market intelligence most comprehensively. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

What Deliverables Will You Get in this Report?

Research Methodology

• This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. 
• More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. 
• We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and industry experts to obtain both qualitative and quantitative insights.

Customization Option

Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: 

Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.