Market Insights
The Global Biocompatible 3D Printing Materials Market is expected to grow from USD 525.85 million in 2022 to USD 1751.73 million by 2028 at a healthy CAGR of 22.2% during the forecast period of 2023-2028.
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What are biocompatible 3D printing materials?
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.
Global Biocompatible 3D Printing Materials Market Report Highlights
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Market Size in 2022
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US$ 525.85 Million
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Market Size in 2028
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US$ 1751.73 Million
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Market Growth by 2023-2028
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CAGR of 22.2%
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Base Year of Study
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2022
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Trend Period
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2017-2021
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Forecast Period
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2023-2028
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Dominant Region
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North America is the largest market and is estimated to lead the market during the forecast period.
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Market Drivers
The global biocompatible 3D printing materials market drivers include the following factors:
- 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.
- 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.
- 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.
- 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.
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Key Players
Some of the major players in the global market are-
Segments Analysis
By Application Type
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.
By Region
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.
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Segmentation
This report studies the market covering 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.
The market is segmented into the following categories.
By Type
- Polymer (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Metal (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Form Type
- Powder (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Liquid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Application Type
- Implants & Prosthesis (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Prototyping & Surgical Guides (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Tissue Engineering (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Hearing Aid (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
- Others (Regional Analysis: North America, Europe, Asia-Pacific, and RoW)
By Region
- North America (Country Analysis: the USA, Canada, and Mexico)
- Europe (Country Analysis: Germany, France, the UK, Russia, and Rest of Europe)
- Asia-Pacific (Country Analysis: China, Japan, India, and Rest of Asia-Pacific)
- Rest of the World (Sub-Region Analysis: Latin America, the Middle East, and Others)
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.
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.
Report – Features
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Market Segmentation
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04
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Regions Covered
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04
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Countries/Sub-Regions Covered
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15
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No. of Figures & Tables
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>120
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Company Profiles
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10
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The following are the key features of the report:
- Overview, industry life cycle analysis, supply chain analysis.
- Environment analysis: Growth drivers and constraints, Porter’s five forces analysis, SWOT analysis.
- Trend and forecast analysis.
- Segment trend and forecast.
- Competitive landscape and dynamics: Market share, product portfolio, Technology launches, etc.
- Attractive segments and associated growth opportunities.
- Emerging trends.
- Strategic growth opportunities for the existing and new players.
- Key success factors.
Target Audience
The following is a list of the customers that the market aims to convert the most:
- Manufacturers
- Suppliers
- Distributors
- Organizations
- Government bodies+
Critical Questions Answered in the Report
- What are the key trends in the market?
- How the market (and its various sub-segments) has grown in the last five years and what would be the growth rate in the next five years?
- What is the impact of COVID-19 on the market?
- What are the key strategies adopted by the major vendors to lead in the market?
- What is the market share of the top vendors?
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.