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Report Overview
2023
Base Year
2018-2023
Historical Year
2024-2032
Forecast Year
Global Biocompatible 3D Printing Materials Market Outlook
The global biocompatible 3D printing materials market reached a value of around USD 622.08 million in 2023 and is expected to grow at a CAGR of 20% during the forecast period of 2024-2032.
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The rising preference for additive manufacturing is one of the major factors driving the growth of the biocompatible 3D printing materials industry. The increasing demand for silicone in additive manufacturing owing to its sustainable and biocompatible nature is expected to provide a further boost to the industry as it offers flexibility in product design.
Market Segmentation
The biocompatible 3D printing materials industry can be divided into segments like type, application, and form. Based on its type, the market can be categorised as polymer, metal, and others. Based on its application, the market can be segmented into:
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- Implants and Prosthesis
- Prototyping and Surgical Guides
- Tissue Engineering
- Hearing Aid
- Others
Based on its form, the market can be divided into powder, liquid, and others. The EMR report looks into the regional markets for biocompatible 3D printing materials like North America, Latin America, Europe, the Middle East and Africa, and the Asia Pacific.
Market Analysis
The growing demand for additive manufacturing is one of the key factors contributing to the development of the biocompatible 3D printing materials industry. The demand for additive manufacturing is growing as it is used to produce complex components in the healthcare industry due to its flexible nature.
The powder is the leading segment in the global market for biocompatible 3D printing materials. The powder form is compatible with many 3D printers and is therefore used in medical applications such as implants and prostheses, tissue engineering, and surgical tools. Silicone is becoming increasingly popular as a raw material for the additive manufacturing of medical products owing to its chemical resistant properties and flexibility. The use of biocompatible 3D materials also reduces assembly time and wastage of material; thus, minimising production cost of components. This, coupled with the increased investment in the R&D sector to invent other advanced biocompatible 3D printing materials, is expected to impact the market positively during the forecast period.
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Competitive Landscape
The report presents a detailed analysis of the following key players in the global biocompatible 3D printing materials industry, looking into their capacity, competitive landscape, and latest developments like capacity expansions, plant turnarounds, and mergers and acquisitions:
- 3D Systems, Inc. (NYSE: DDD)
- Evonik Industries AG
- Stratasys Ltd.
- General Electric Company (Concept Laser GmbH)
- Renishaw
- Aspect Biosystems Ltd.
- Detax Ettlingen
- Others
The EMR report gives an in-depth insight into the industry by providing a SWOT analysis as well as an analysis of Porter’s five forces.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Type |
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| Breakup by Form |
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| Breakup by Application |
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| Breakup by Region |
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| Market Dynamics |
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| Competitive Landscape |
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| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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Key Questions Answered in the Report
In 2023, the global biocompatible 3D printing materials market attained a value of nearly USD 622.08 million.
The market is estimated to witness a healthy growth, expanding at a CAGR of 20% between 2024 and 2032.
The major drivers of the market include the growing demand for additive manufacturing (AM), also known as 3D printing, and the rapid technological advancements.
The increased investment in the R&D sector to invent other advanced biocompatible 3D printing materials is expected to be a key trend guiding the growth of the industry.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Polymer, and metal, among others are the different types of the product in the market.
Powder, and liquid, among others are the significant forms of the product in the market.
Implants and prosthesis, prototyping and surgical guides, tissue engineering, and hearing aid, among others are the various applications of the product.
The major players in the industry are 3D Systems, Inc., Evonik Industries AG, Stratasys Ltd., General Electric Company (Concept Laser GmbH), Renishaw, Aspect Biosystems Ltd., and Detax Ettlingen, among others.
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