Biocompatible 3D Printing Materials Market study from 2022 to 2030 providing insights into key players, growth drivers and industry challenges

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Biocompatible 3D Printing Materials Market: Introduction

Three-dimensional (3D) bioprinting combines growth factors, cells, and biomaterials to make biomedical components that closely mimic the characteristics of natural tissues. Basically, 3D bioprinting builds the fabric-like structure using a layer-by-layer process. Later, this structure is used in medical and tissue engineering applications. Biomaterials are various components, which are used for bioprinting. These components can be used in the implant and prosthetic industry as they are biocompatible in nature. Titanium, polyamide, PEEK and cobalt-chromium alloy are some of the common biomaterials

These materials are used in 3D printing to form lattice structures or net-like structures on the surface of surgical implants. Moreover, they are useful in the integration of Osseo and can reduce rejection. 3D printing made with biocompatible material produces advanced surface geometry and improves survival rates compared to traditional products. These 3D printed items have unique characteristics of porosity and the ability to conform to the user’s anatomy to provide a high level of customization and modification. Therefore, biocompatible 3D printing materials are widely used in the implant and prosthetic industry.

Global Biocompatible 3D Printing Materials Market Forecast:

The global biocompatible 3D printing materials market size was USD 428.22 million in 2020, and it is predicted to reach a valuation of USD 2914.36 million by the end of 2030 with a developing rate (CAGR) of 22.0% between 2022 and 2030. .

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Global Biocompatible 3D Printing Materials Market: Market Dynamics

Market factors:

In additive manufacturing (AM), metal is the main area of ​​interest that has led to the growth of investments in recent years. The industry for biocompatible 3D printing materials is seeing increasing demand in the aerospace and defense sectors. Credit goes to the ability of biocompatible 3D printing materials to reduce aerospace part weight and increase overall efficiency.

The main driving force of the industry is its unique characteristics of mass customization of biocompatible 3D printing materials. These materials can be used in various industries, such as hearing aids, dental implants, tissue engineering and drug delivery. This wide range of implications has created several opportunities for the market to expand globally. Biocompatible 3D printing materials are used in the manufacture of prototypes for medical practices and medical equipment. This segment has been dominating the market owing to the growing demand for manufacturing and critical engineering applications in the medical industry. The biocompatible 3D printing materials industry is expected to register significant growth, which is attributed to the government policy to increase spending in the healthcare sector.

Challenges:

Although they have significant use in several end-use sectors, this biocompatible 3D printing technique is proving to be very expensive. Therefore, many market players have opted for traditional 3D printing materials instead. Also, you must obtain approval from the respective government agencies for the production of these materials. This aspect is expected to limit the expansion of the global biocompatible 3D printing materials business in the coming years.

Global Biocompatible 3D Printing Materials Market: Regional Analysis

North America dominated the biocompatible 3D printing materials market and accounted for the largest revenue share of 55.0% of global revenue in 2020. This high share is attributed to government policies to increase spending in the health sector, to the growing demand of aerospace. and the defense industry, as well as critical engineering and manufacturing applications in the medical industry.

However, the Asia-Pacific region is also expected to have the highest CAGR in the global market during the forecast period.

Key Segmentation of the Global Biocompatible 3D Printing Materials Market:

The global biocompatible 3D printing materials market can be divided into types, applications and geographical landscapes, etc.

By type:

Per application:

  • Implants & Prostheses
  • Prototyping and surgical guides
  • Creation of fabrics
  • Hearing aids
  • Others

By geographic landscape:

  • North America
  • Europe
  • Asia Pacific
  • South America
  • Middle East and Africa

Main Key Players

  • Evonik Industries AG (Germany),
  • ConceptLaser GmbH (Germany),
  • 3D Systems, Inc. (USA),
  • EOS GmBH Electro-Optical Systems (Germany),
  • Stratasys Ltd. (United States),
  • EnvisionTEC, Inc. (Germany),
  • 3D composites (USA),
  • Renishaw APIs. (UK),
  • Formlabs Inc. (USA),
  • Aspect Biosystems Ltd. (Canada)

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