Biocompatible 3D Printing Materials Market (COVID-19 Updated), By Product, By Form, By Application, and By Geography - Analysis, Share, Trends, Size, & Forecast From 2020 - 2026
発行: AnalystView Market Insights
ページ情報: 英文 193 Pages
Biocompatible 3D printing materials market was valued at USD 390.8 million by 2019, growing with 21.6% CAGR during the forecast period, 2020-2026
Biocompatible 3D printing is a manufacturing process that involves using biological-based material like cells and tissues, alternatively, it also uses biocompatible material that is safe and non-toxic to the human body. The bioink works by creating the required product/structure in a layered fashion. Various 3-dimensional and 4-dimensional structures are being manufactured using high-quality printing material. The Bioink works by preparing a scaffolding layer that contains nutrients that would enable the growth of the structure that consist of cells or tissues.
Novel biomaterials are constantly being discovered that work towards improving the science of 3D printing and its biocompatibility. This was reaffirmed by an article published by the National Centre of Biotechnology (February 2018), stated that various materials such as metals, ceramics, composites, and polymers are used as materials for bioprinting due to their high functionality. Furthermore, it is projected that consistent innovation and ongoing medical advancements will spur the growth of the Biocompatible 3D printing industry globally. Growing demand for this technology in tissue engineering of human tissues & organs holds immense scope of future industry growth.
In terms of products, the biocompatible 3D printing materials industry is divided into polymers and metals. Polymers are among the most widely used biocompatible 3D bioprinting material. Polymers may be natural and synthetic, of which natural polymers closely replicate the real extracellular network. Some of the examples of natural biocompatible polymers are gellan hum, agarose-chitosan, and hyaluronic acid.
Based on the form, the industry is segmented into powder, and liquid. Currently, the powder segment is one of the fastest-growing and the largest market as it is the most commonly used form in the printing technique. This product is generally preferred due to its high strength and firmness compared to other types. The National Centre for Biotechnology, 2019 stated that filaments or powders are used in fused deposition modeling (FDM) or selective laser sintering (SLS) as the bioink for bioprinting of the required structure. In addition, powder-based materials are widely used for bone and tissue engineering methods.
Depending upon the application, the worldwide industry has been classified into implant & prosthesis, prototyping & surgical guides, tissue engineering, and hearing aids. Of which, the implant and prosthetics category is accounted for the significant revenue share and has been known to be the most popular application. This application category is gaining popularity amongst the physicians and patients and being considered as a first treatment option. In addition, the aging population coupled with the development of advanced products will support the segment growth further.
North America accounted for the largest market share of the biocompatible 3D printing materials in 2019. The region is well equipped with the advanced technologies and facilities required to carry out the manufacturing of these biocompatible printing materials. Due to the growing demand for orthopedic surgeries such as Knee replacements and Hip replacements, the demand for biocompatible printing materials will increase consistently in this region. For instance, the Agency for Healthcare Research and Quality stated that there are over 6,00,000 knee replacements performed in the U.S. each year. This would, in turn, support the regional growth to a great extent.
On the contrary, the Asia Pacific region is projected to grow with a promising growth rate during the study period. Countries such as India and China are witnessing strong growth in the 3D bioprinting materials owing to the rising investment by multi-national companies coupled with increasing R&D activities.
Key Vendor Takeaway
The major market players in the industry are Evonik Industries AG, 3D Systems, Inc., Renishaw plc, Elix Polymers SLU, Envisiontec, Inc., Stratasys Ltd., Apium Additive Technologies GmbH, Formlabs Inc., Concept Laser GmbH, and Sandvik AB. Strategic mergers and acquisitions coupled with new product developments will help companies to increase their market share. For instance, Stratasys offers MED610, MED625FLX, and MED620 biocompatible materials that are an ideal options for dental and medical applications. Such introductions will help companies to attract more customers.
The market size and forecast for each segment and sub-segments has been considered as below:
Historical Year - 2015 to 2018
Base Year - 2019
Estimated Year - 2020
Projected Year - 2026
Traders, Distributors, and Suppliers
Government and Regional Agencies
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
BIOCOMPATIBLE 3D PRINTING MATERIALS MARKET PLAYERS
Concept Laser GmbH
Apium Additive Technologies GmbH
3D Systems, Inc.
Evonik Industries AG
Elix Polymers SLU
BIOCOMPATIBLE 3D PRINTING MATERIALS MARKET BY PRODUCT
BIOCOMPATIBLE 3D PRINTING MATERIALS MARKET BY FORM
BIOCOMPATIBLE 3D PRINTING MATERIALS MARKET BY APPLICATION
Prototyping & Surgical Guides
Implant & Prosthesis
BIOCOMPATIBLE 3D PRINTING MATERIALS MARKET, BY REGION
Rest of Europe
Rest of APAC
Rest of LATAM
Middle East and Africa
United Arab Emirates
Rest of MEA