Global Medical 3D Printing Plastics Market by Form (Ink, Powder, Filament), by Type (Polylactic Acid, PETG, PEEK, Photopolymer, Polyamide, ABS) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global medical 3D printing plastics market was valued at USD 265.4 Million in 2020. It is expected to grow at a compound annually growth rate (CAGR of 26.2%) between 2021 and 2028. Market for medical 3D printing plastics is driven by the growing aging population, rising healthcare awareness, and the COVID-19 Pandemic. This market is driven by the rising demand for personal protective gowns, medical masks, head and shoes covers, surgical masks and glove, personal protective gowns, as well as other products to combat the COVID-19 epidemic. Medical 3D printing plastics can be used for medical purposes, including dental and bone implants, caths, prosthetics and other medical devices.

To address the COVID-19 epidemic, several automotive companies, including Ford Motor Company, General Motors Company and Tesla, have begun producing masks and faces covers using 3D printing technology. This is to meet the rapid increase in demand. Several fashion companies, including CHANEL, Burberry Limited and Guccio Gucci S.p.A. Dior and Louis Vuitton, have begun producing masks and face covers to meet the growing demand for medical 3D printed plastics.

Because of their biodegradability, thermoplastics such as PEEK and polylactic acid are some of the most commonly used plastics in medical 3D printing. The medical industry uses several technologies for 3D Printing. These include stereolithography, digital light processing (DLP), selective layers sintering(SLS), fused Deposition Modeling (FDM), electronic melt (EBM), polyjet/inkjet 3D Printing.

The key factors driving medical 3D printing plastics demand include their cost-effectiveness, customization ease, and increasing incidences of osteoarthritis and vascular diseases. In the future, medical 3D printing plastics will be in high demand due to improved technology, government support, and rapid product developments.

Type Insights

Photopolymer was the dominant market player in terms of revenue with a 47.9% share in 2020. This can be attributed to high demand for catheters and hearing instruments, surgical and medical masks, as well as drug delivery systems, tissue engineering, cell encapsulation and tissue engineering systems. Photopolymer has excellent thermo-mechanical properties. It is resistant to chemicals and can change its phase from liquid to solid under ultraviolet light. These properties make Photopolymer suitable for medical 3D printing applications.

ABS is used extensively in medical 3D printing processes using fused deposition modeling. It is used in the production of medical equipment, compressors and other products. ABS has properties such as greater strength, flexibility and durability. ABS can be substituted with polylactic acid, which is biodegradable. ABS is biocompatible. ABS can also be recycled, making it ideal for prosthetics production. The demand for medical 3D printed plastics is expected to rise due to rising health awareness and a growing elderly population.

Form Insights

With a market share of 75.1%, filament was the leader in terms of revenue in 2020. The segment is growing due to the increasing use of medical 3D printing plastics for a wide variety of healthcare products. This includes specialized surgical tools and single-use medical devices. Filament can be used in a variety of 3D printing processes including stereolithography (SLA), fused deposition modeling(FDM), selective laser sintering/SLS) and electron beam melting. This depends on the type nozzle.

The 3D printing of medical plastics, such as PEEK, PETG and photopolymer, is primarily done in filament form. The filament form of 3D-printed plastics can also be used in many other industries, including automotive, aerospace, defense and electronics and consumer goods.

The powder form of medical 3D printer plastics creates components with properties such as ductility and shock resistance. 3D printing material in powder form is used mainly for selective laser sintering. Powder components are extremely accurate and require no post-processing. Components with complex shapes and thin walls can also be made easily.

Regional Insights

North America was the dominant market for medical 3D printing plastics in 2020 with a volume share at 45.9%. This can be attributed to a variety of factors, including rising awareness among consumers, increased healthcare spending and growing demand for disposable materials. Plastics are most commonly used for masks, surgical gloves and inhalation masks. The rapidly increasing COVID-19 positive rate in the U.S. is expected to drive the demand for generic drugs, medical devices, and will positively impact the market growth over the forecast period.

Asia Pacific will grow at a 27.3% CAGR in volume between 2021 and 2028. Asia Pacific's growing demand is primarily driven by developing countries like India, China, and Malaysia. Due to their growing population and GDP growth, the countries of Asia Pacific are investing heavily in healthcare. This has had a positive impact on living standards and raised healthcare awareness among consumers. The demand for medical 3D printed plastics is expected to rise due to the increasing elderly population and other factors.

Market Share Insights & Key Companies

To maintain product quality and increase their market presence, many of the major players in the market have merged their raw material production with distribution. Companies gain a competitive edge through cost savings, which increases profit margins. Research and development is underway by companies to develop industrial plastics that can withstand market competition and change in end-user needs. In the next few years, this industry will see widespread acceptance of research activities that focus on medical 3D printing materials. These materials combine multiple properties. The following are some of the major players in the medical 3D printing plastics market:

• 3D Systems, Inc.

• Apium Additive Technologies GmbH

• Arkema

• DSM

• ENVISIONTEC, INC.

• Evonik Industries AG

• SABIC

• Solvay

• Stratasys Ltd.

• Victrex plc.

Up Market Research published a new report titled “Medical 3D Printing Plastics Market research report which is segmented by Form (Ink, Powder, Filament), by Type (Polylactic Acid, PETG, PEEK, Photopolymer, Polyamide, ABS), By Players/Companies Evonik Industries AG, 3D Systems Inc, DSM, Stratasys Ltd, Solvay, Victrex plc, ENVISIONTEC INC, Arkema, Apium Additive Technologies GmbH, SABIC”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Medical 3D Printing Plastics Market Report Segments:

The market is segmented by Form (Ink, Powder, Filament), by Type (Polylactic Acid, PETG, PEEK, Photopolymer, Polyamide, ABS).

Medical 3D Printing Plastics Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Medical 3D Printing Plastics Market

Overview of the regional outlook of the Medical 3D Printing Plastics Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Medical 3D Printing Plastics Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Medical 3D Printing Plastics Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. Ink

                2. Powder

                3. Filament

                1. Polylactic Acid

                2. PETG

                3. PEEK

                4. Photopolymer

                5. Polyamide

                6. ABS

8. Market scenario by region, sub-region, and country.
9. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
10. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
11. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Medical 3D Printing Plastics Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Medical 3D Printing Plastics Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.