US $ 657 Million Medical Device 3D Printing Software Market Size | 17.62% CAGR by 2027


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Market highlights

The medical device 3D printing software market is expected to reach USD 657.08 million by 2027 at a CAGR of 17.62% during the forecast period.

Medical device 3D printing software solutions help design medical devices using additive manufacturing. Three-dimensional medical devices are developed from a few layers of essential raw materials. Medical devices are developed from a 3D digital file such as Computer Aided Design (CAD) or Magnetic Resonance Image (MRI). 3D printing technology is flexible and allows designers to modify any aspect without the need for additional tools. 3D printing software for medical devices performs multiple tasks including printing, analysis, design, planning, simulation, as well as visualization and therefore is in huge demand in the global healthcare industry.

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Growing number of applications such as drug delivery, transplantation, 3D printed organs and many more in the healthcare industry is a significant growth factor in the 3D printing software for devices market. medical. The increased demand for efficient customizations of implants for use during surgical procedures, as well as increased investment in R&D, could support the medical device 3D printing software market in the years to come. The expanding application combined with the reasonable price of 3D printers could further stimulate the market demand in the years to come.

Technological innovations are the main trends in the market leading to the emergence of new and improved 3D printed medical products which have driven the demand for healthcare. In addition, the rise of exhaustive research and development activities has given way to effective treatments for several diseases, which in turn are contributing to the demand for 3D printed medical device software. The increasing incidence of orthopedic and dental diseases and the easy creation of personalized medical devices using 3D printing will also help to increase the size of the market in the coming years.

Ongoing technological advancements in software solutions are driving the growth of the medical device 3D printing software market. For a very long time, the 3D printing industry has focused on the development of hardware and materials. The recent trend involves a considerable development of software solutions used in 3D printing of medical devices. The interoperability of software solutions has greatly benefited the 3D printing industry. It reduced the number of steps, tools and effort required to design a model to print. Technical advancements have paved the way for the development of innovative 3D printed products to meet the growing demand for 3D printed medical devices in the healthcare industry. As conventional manufacturing processes take time, major market players focus on developing new products.

3D printing software is used to create a computer aided design using a scanner, modeling software, and a digital camera. The design created using the software can be adjusted and modified before printing. The software used in the 3D printing of medical devices performs several functions such as printing, analysis, visualization, planning and design. The medical industry accounts for 13% of the revenue share of the entire 3D printing industry. Additive manufacturing is used in a variety of healthcare applications, ranging from prosthetics to surgical guides, dental therapy and physiotherapy. 3D printing software provides flexibility and enables healthcare professionals to create patient-centric devices at a reasonable cost. Factors such as technological advancements in software solutions, increasing demand for low cost 3D printed medical devices, and increasing demand for personalized medical devices are driving the market growth.

Segment analysis

The global type-based 3D printing software for medical devices market is segmented into type, function, application, and end-user. On the basis of type, the medical device 3D printing software market has been sub-segmented into integrated and stand-alone. On the basis of function, the medical device 3D printing software market has been segmented into printing, analysis, visualization, planning, design, navigation, and others. On the basis of applications, the medical device 3D printing software market is segmented into medical imaging, dental, surgery, research, physiotherapy, aesthetic medicine, and others. Based on the end user, the global medical device 3D printing software market is segmented into medical device companies, dental laboratories, research institutes, hospitals and clinics, etc.

Regional analysis

The global medical device 3D printing software market has been segmented by region into Americas, Europe, Asia-Pacific, Middle East and Africa. The US medical device 3D printing software market has been segmented into North America and Latin America, with the North American market further divided between the United States and Canada. The European medical device 3D printing software market has been segmented into Western Europe and Eastern Europe. The Western European Medical Device 3D Printing Software market has further been classified into Germany, UK, France, Italy, Spain and the rest of Western Europe. The Asia-Pacific medical device 3D printing software market has been segmented into China, Japan, India, South Korea, Australia, and the rest of Asia-Pacific. The medical device 3D printing software market in the Middle East and Africa has been divided between the Middle East and Africa.

In 2019, the Americas dominated the medical device 3D printing software market with a share of 42.16%, and this trend is expected to continue throughout the forecast period. This is due to the introduction of innovative technologies and their rapid acceptance, as well as the presence of key companies in the region. Additionally, increased research funding by private and public organizations is fueling market growth in the region.

Asia-Pacific is expected to register the highest growth rate during the forecast period of 2020 to 2027. Global players are focusing on collaboration and opening new offices in the region due to the availability of talents. For example, Materialize, one of the leading 3D printing software for medical devices based in the United States, officially opened a new office in China focusing on R&D on 3D printing software. In addition, India and China have a number of startups such as think3D and Osteo3d working on medical device 3D printing software. These startups provide services across the globe, driving the growth of this region.

Main conclusions of the study

The global medical device 3D printing software market is valued at USD 657.08 million and is expected to register a CAGR of 17.62% during the assessment period.

The Americas accounted for the largest share of the global market, which is mainly attributed to the introduction and rapid adoption of advanced technologies and the presence of key players in this region.

On the basis of type, the integrated segment accounted for the largest market share of 75.5% in 2019.

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On the basis of function, the printing segment dominated the market with a value of 28.64% in 2019.

Based on the application, the medical imaging segment dominated the market with a value of 32.68% in 2019.

On the basis of end user, the medical device business segment dominated the market with a value of 37.6% in 2019.

Some of the major players operating in the medical device 3D printing software market are Stratasys Ltd, Nemotec, PS-Medtech, DWS Systems, 3D Systems Corporation, Carima, Real Dimension Inc, Regenhu, 3D Totem, Ackuretta Technologies and Materialize NV .

Competitive landscape

MRFR recognizes the following companies as key players in the global medical device 3D printing software market: Stratasys Ltd (Israel), Nemotec (Italy), PS-Medtech (Netherlands), DWS Systems (Italy), 3D Systems Corporation (United States), Carima (South Korea), Real Dimension Inc (United States), Regenhu (Switzerland), 3D Totem (Israel), Ackuretta Technologies (China) and Materialize NV (Belgium).

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