Medical 3D Printing Plastics Market Size, Share & Trends Report

Medical 3D Printing Plastics Market Size, Share & Trends Analysis Report By Type (ABS, PEEK, PETG, Photopolymer, Polyamide, Polylactic Acid), By Form (Filament, Powder, Ink), And Segment Forecasts, 2020 - 2027

  • Published Date: Jun, 2020
  • Base Year for Estimate: 2019
  • Report ID: GVR-4-68038-717-9
  • Format: Electronic (PDF)
  • Historical Data: 2016 - 2018
  • Number of Pages: 110

Report Overview

The global medical 3D printing plastics market size was valued at USD 209.1 million in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 26.6% from 2020 to 2027. Growing ageing population, increasing healthcare awareness, and COVID-19 pandemic situation are some of the major factors driving the market for medical 3D printing plastics. The market is primarily driven by rising demand for face mask, head and shoe cover, surgical mask and gloves, personal protective gowns, and various other products in tackling the COVID-19 pandemic situation. Besides personal protective wearables, medical 3D printing plastics are widely used in the manufacturing of medical products, such as dental and bone implants, catheters, prosthetics, and various other medical devices.

U.S. medical 3D printing plastics market size

In order to overcome the COVID-19 pandemic situation, various automotive companies such as Ford Motor Company, General Motors Company, and Tesla have started producing masks and face covers using state of art 3D printing technology to cater to the sudden increase in demand for these products. Additionally, various fashion industry companies such as CHANEL, Burberry Limited, Guccio Gucci S.p.A., Dior, and Louis Vuitton have started producing mask and face covers, which is driving the demand for medical 3D printing plastics.

Thermoplastics like PEEK, polylactic acid, and photopolymers are among the commonly utilized plastics in the medical 3D industry on account of the biodegradable nature of the material. Major technologies utilized by the medical industry for 3D printing include stereolithography (SLA), digital light processing (DLP), selective layer sintering (SLS), fused deposition modelling (FDM), electronic beam melting (EBM), and polyjet/inkjet 3D printing.

Key factors propelling demand for medical 3D printing plastics include cost effectiveness, ease in customization, and growing incidences of vascular and osteoarthritis diseases. Moreover, improved technology, favorable government support, and rapid product development are expected to propel demand for medical 3D printing plastics over the forecast period.

Type Insights

In terms of volume, photopolymer dominated the market with a share of 48.05% in 2019. This is attributed to high demand for catheters, hearing aids, surgical masks, medical filters, drug delivery systems, and tissue engineering and cell encapsulation systems. Photopolymer possesses excellent thermo-mechanical properties, such as resistant to chemicals and high thermal accuracy, and it changes its phase from solid to liquid under the ultraviolet light. These properties make it suitable for medical 3D printing application.

ABS is widely used in medical 3D printing process using fused deposition modeling process. It is used to produce medical equipment, nebulizers, compressors, and various other products. ABS possess properties, such a higher strength, flexibility, and durability. ABS can be replaced with polylactic acid as it is biodegradable whereas ABS in biocompatible. Moreover, ABS is recyclable, which make it suitable for the production of prosthetics. Rising health awareness and growing aged population are expected to drive the demand for medical 3D printing plastics over the forecast period.

Form Insights

In terms of volume, filament dominated the market with a share of 74.91% in 2019. Increasing utilization of medical 3D printing plastics to produce a wide range of healthcare products, such as specialized surgical tools in reusable and single use medical devices, is boosting the segment growth. Filament form can be used in various 3D printing processes, including fused deposition modeling (FDM), stereolithography (SLA), selective laser sintering (SLS), and electron beam melting (EMB), based on the type of nozzle.

Medical 3D printing plastics such as ABS, PEEK, PETG, photopolymer, polyamide, polylactic acid are primarily used in filament form in 3D printing process. Filament form of 3D printing plastics can be widely used in other applications, such as automotive, aerospace and defense, electrical and electronics, and consumer goods, based on the specific requirement.

Global medical 3D printing plastics market share

Powder form of medical 3D printing plastics produces components that possess properties, such as ductility, shock resistance, and elasticity. Powder form of 3D printing material is primarily used in selective laser sintering process. Components produced using powder, along with selective laser sintering, have high dimensional accuracy and no post processing. Moreover, components with thin walls and complex shapes can be produced very easily.

Regional Insights

North America dominated the market for medical 3D printing plastics with a volume share of 44.89% in 2019. This is attributed to various factors such as rising awareness among the consumers, increasing healthcare spending, and growing demand for disposable plastics. The main products driving the demand for plastics include masks, surgical gloves, orthopedic sutures, inhalation masks, and catheters. In addition, rapidly rising COVID-19 positive cases in U.S. are expected to result in an increased demand for generic drugs and medical devices, which is driving the demand for medical 3D printing plastics, thereby positively influencing the market growth in the region over the forecast period.

Asia Pacific is expected to expand at the fastest CAGR of 22.5% in terms of volume from 2020 to 2027. The regional market is majorly driven by growing demand from developing economies, such as China, India, and Malaysia. The countries in Asia Pacific are investing in the healthcare industry owing to rising population, GDP growth, which has positively impacted the living standards, and rising healthcare awareness among the consumers. Moreover, growing elderly population, along with other factors, is expected to drive the demand for medical 3D printing plastics over the forecast period.

Key Companies & Market Share Insights

Most of the key players operating in the market have integrated their raw material production and distribution operations to maintain product quality and expand regional presence. This provides companies a competitive advantage in the form of cost benefits, thus increasing the profit margins. Companies are undertaking research and development activities to develop new industrial plastics to sustain market competition and changing end-user requirements. Research activities focused on the development of new medical 3D printing materials, which combine several properties, are projected to gain wide acceptance in this industry in the coming years. Some of the prominent players in the global medical 3D printing plastics market include:

  • 3D Systems, Inc.

  • Apium Additive Technologies GmbH

  • Arkema

  • DSM

  • ENVISIONTEC, INC.

  • Evonik Industries AG

  • SABIC

  • Solvay

  • Stratasys Ltd.

  • Victrex plc.

Medical 3D Printing Plastics Market Report Scope

Report Attribute

Details

Market size value in 2020

USD 265.4 million

Revenue forecast in 2027

USD 1.38 billion

Growth Rate

CAGR of 26.6% from 2020 to 2027

Market demand in 2020

4,871.6 tons

Volume forecast in 2027

19,283.0 tons

Growth Rate

CAGR of 21.7% from 2020 to 2027

Base year for estimation

2019

Historical data

2016 - 2018

Forecast period

2020 - 2027

Quantitative units

Volume in tons, revenue in USD million and CAGR from 2020 to 2027

Report coverage

Volume and revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Type, form, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; MEA

Country scope

U.S.; Canada; Mexico; U.K.; Germany; France; Italy; China; India; Japan; Brazil; Argentina; Saudi Arabia; South Africa

Key companies profiled

3D Systems, Inc.; Apium Additive Technologies GmbH; Arkema; DSM; ENVISIONTEC, INC.; Evonik Industries AG; SABIC; Solvay; Stratasys Ltd; Victrex plc.

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Segments Covered in the Report

This report forecasts revenue and volume growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2016 to 2027. For the purpose of this study, Grand View Research has segmented the global medical 3D printing plastics market report on the basis of type, form, and region:

  • Type Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

    • ABS

    • PEEK

    • PETG

    • Photopolymer

    • Polyamide

    • Polylactic Acid

  • Form Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

    • Filament

    • Powder

    • Ink

  • Regional Outlook (Volume, Tons; Revenue, USD Million, 2016 - 2027)

    • North America

      • U.S.

      • Canada

      • Mexico

    • Europe

      • Germany

      • U.K.

      • France

      • Italy

    • Asia Pacific

      • China

      • India

      • Japan

    • Central & South America

      • Brazil

      • Argentina

    • Middle East & Africa

      • Saudi Arabia

      • South Africa

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