The scope of our recent study on the "3D Printing Polymer Material Market for Medical Application Forecast to 2028 - COVID-19 Impact and Global Analysis - by Material [Polyether Ether Ketone (PEEK), Polymethylmethacrylate (PMMA), Polylactic Acid (PLA), and Others] and Application (Dental and Hearing Aids)" includes the factors fuelling the market growth, revenue estimation and forecast, and market share analysis, along with the identification of significant market players and their key developments.
The 3D printing polymer material market for medical application was valued at US$ 930.70 million in 2021 and is projected to reach US$ 2,253.65 million by 2028; it is expected to grow at a CAGR of 13.5% from 2021 to 2028.
The medical sector has seen significant benefits from the use of 3D printing technology, including the production of surgical tools, guides, and replicas of human organs for pre-surgical planning. 3D printing can use various types of thermoplastic and thermosetting polymers, and the most commonly used technologies are Fused Deposition Modeling (FDM), Selective Laser Sintering (SLS), and Thermal Inkjet (TIJ) printing.
The global market for 3D printing materials in medical applications is categorized by material, including Polyether Ether Ketone, Polymethylmethacrylate, Polylactic Acid, and others, with Polyether Ether Ketone dominating the market in 2020. This material is frequently used in dental treatments as a substitute for traditional metals and ceramics, creating dental implants, braces, and other devices.
The market is also segmented by geography, with North America having the largest revenue share in 2020. The demand for hearing aid devices due to the increasing deaf population and the widespread use of these materials in the medical field has led to a flourishing 3D printing polymer materials market for medical applications in North America.
Impact of COVID-19 Pandemic on 3D Printing Polymer Material Market for Medical Application
The 3D printing polymer material market for medical applications was on an upward trajectory prior to the COVID-19 pandemic, fueled by the high demand for medical devices like hearing aids. However, the pandemic caused an unprecedented surge in the number of COVID-19 cases worldwide, resulting in various challenges for manufacturers, including difficulties in sourcing raw materials and temporary shutdown of production facilities. As a consequence, the growth of multiple markets was affected. The 3D printing polymer material market for medical applications was not spared, as disrupted supply chains and limited operational efficiency had negative impacts on the industry.
The report includes the segmentation of the global 3D printing polymer material market for medical application as follows:
Based on material, the global 3D printing polymer material market for medical application is segmented into polyether ether ketone, polymethylmethacrylate, polylactic acid, and others. Based on application, the market is segmented into dental and hearing aids. The market for the dental segment is further segmented into dental implants, dental prosthetics, implant accessories, and others. By geography, the 3D printing polymer material market for medical application is broadly segmented into North America, Europe, Asia Pacific (APAC), Middle East & Africa (MEA), and South & Central America. The market in North America is sub segmented into the US, Canada, and Mexico. The European 3D printing polymer material market for medical application is further segmented into Germany, France, the UK, Italy, Russia, and the rest of Europe. The Asia Pacific market is sub segmented into China, India, Japan, Australia, South Korea, and the rest of Asia Pacific. The Middle East & Africa (MEA) 3D printing polymer material market for medical application is further segmented into South Africa, Saudi Arabia, the UAE, and the rest of MEA. The market in South & Central America is sub segmented into Brazil, Argentina, and the rest of South & Central America.
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