Biocompatible 3D Printing Materials Market by Type and Geography - Global Forecast 2019-2023

Industry Insights

The global biocompatible 3D printing materials market size will grow by USD 618.31 million during 2019-2023 at CAGR close to 22%. The growing preference for additive manufacturing and the rising demand for silicone in additive manufacturing are a few factors that are expected to drive the market growth in the coming years. This report provides a detailed analysis of the market by type (polymer, metal, and others) and geography (APAC, Europe, MEA, North America, and South America). Also, the report analyzes the market’s competitive landscape and offers information on several market vendors, including 3D Systems Inc., EOS GmbH Electro Optical Systems, Evonik Industries AG, Renishaw Plc, and Stratasys Ltd.

Biocompatible 3D printing materials are used to manufacture medical components using additive manufacturing. These materials are either synthetic or natural, which do not trigger negative body reactions.

Key Insights from Biocompatible 3D Printing Materials Market – Global Forecast 2019-2023

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The growing preference for additive manufacturing is one of the key factors contributing to the development of the biocompatible 3D printing materials market. The demand for additive manufacturing is increasing to engineer complex components in the healthcare industry. This will drive the need for biocompatible 3D materials as they are used in additive manufacturing because of their flexibility. Also, using biocompatible 3D materials reduces assembly time and material wastage, minimizing production cost of components. Furthermore, additive manufacturing involves the use of computer-aided design (CAD) for drafting production models, which eliminates the need for tooling. These factors are increasing the popularity of additive manufacturing, which, in turn, is augmenting the demand for biocompatible 3D materials.

Upcoming biocompatible 3D printing materials market trends such as the growing demand for silicone in additive manufacturing will also fuel market growth. Silicone is biocompatible and durable. It also has chemical-resistant properties and provides production design flexibility. As a result, the popularity of silicone as a raw material for additive manufacturing of medical products is increasing. This coupled with the increase in R&D to invent other advanced biocompatible 3D printing materials, will have a positive influence on the growth of the market during the forecast period. As a result of these factors, the market will register close to 22% CAGR during 2019-2023.

Industry Analysis

Type Insights

The biocompatible 3D printing materials type segment has been broadly categorized into polymer, metal, and others. The polymer segment accounted for the highest biocompatible 3D printing materials market share in 2018. During the forecast period, this segment is expected to grow faster compared with the overall market. The metals and other materials segments will register slower growth rate compared with the overall market.

Regional Insights

North America accounted for the highest market share in 2018. The growth of the market in this region will be slower than the market’s growth in other regions. However, it will account for the largest biocompatible 3D printing materials market share throughout the forecast period. The US, Canada, and Mexico are significant revenue contributors to the market in the region. 

The growth of the market in the region is primarily attributed to significant investments in the medical industry and the strong presence of medical device manufacturing bases in the US. In 2017, the country accounted for almost one-third of the global orthopedic and prosthetic market. The majority of prosthetic production involves the use of biocompatible 3D printing materials. These factors have been contributing to the growth of the biocompatible 3D printing materials market in North America.

Top Biocompatible 3D Printing Materials Providers

The market is moderately fragmented. The biocompatible 3D printing materials market analysis report provides insights into the market’s competitive landscape and offers information on the services offered by various companies. To enable service providers in creating strategies to make the most of future growth opportunities, the report also provides information on the upcoming trends and challenges that will influence the market growth.

The report offers a detailed analysis of several companies, including: 

• 3D Systems Inc.
• EOS GmbH Electro Optical Systems
• Evonik Industries AG
• Renishaw Plc
• Stratasys Ltd.

Segments covered in the report

Biocompatible 3D Printing materials market by type

• Polymer
• Metal
• Others

Biocompatible 3D printing materials market by geography

• APAC
• Europe
• MEA
• North America
• South America

Key Highlights of the Biocompatible 3D Printing Materials Market Forecast Report for the Period 2019-2023 

• CAGR of the market during the forecast period 2019-2023 
• Detailed information on factors that will accelerate the growth of the biocompatible 3D printing materials market size during the next five years 
• Precise estimation of the global biocompatible 3D printing materials market size and its contribution to the parent market 
• Accurate predictions on upcoming trends and changes in consumer behavior 
• The growth of the biocompatible 3D printing materials industry across APAC, Europe, MEA, North America, and South America 
• A thorough analysis of the market’s competitive landscape and detailed information on several vendors 
• Comprehensive details of factors that will challenge the growth of biocompatible 3D printing materials providers