Technological advancements, increasing public-private funding, easy development of customized medical products, and growing applications in the healthcare industry. Moreover, direct digital manufacturing, the expiry of key patents in the coming years, and the growing demand for organ transplant provide significant growth opportunities in the industry.

The overall 3D printing medical devices industry is witnessing a new phase of technological developments, with the launch of technologically advanced products. In June 2017, 3D Systems (US) launched the Simbionix SPINE Mentor, a hands-on simulated training tool for minimally invasive surgical procedures. The Simbionix SPINE Mentor is a combination of medical tools and 3D printing to develop hybrid spinal surgery training solutions. Moreover, companies are also focusing on launching planning systems using 3D printing with the aim to enhance the medical surgery procedures. Moreover, launching innovative products in the market helps companies gain a competitive advantage and drive the uptake of their products.

In recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry. In June 2017, the government of Quebec, Canada contributed around USD 2.299 million to establish a medical 3D printer center in Quebec. This medical center provides point-of-care 3D printing services for developing customized prosthesis. Thus, increasing research and funding activities are expected to boost the development of 3D printing products and technologies, thereby driving the growth of the 3D printing medical devices market.

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3D printing techniques have empowered medical practitioners, researchers, and medical device manufacturers due to their use in dental & orthodontic treatments, orthopedic implants, tissue engineering, and drug development. Among all the healthcare applications, 3D printing is highly successful in dental practices, prosthetics, and Hearing Aids as this technology is not only cost-effective but also provides a high degree of customization as per individual needs. Thus, the increasing adoption of 3D printing across various healthcare industries is driving market growth.

Photopolymerization is the most widely adopted technology used in the 3D printing process; however, there are several alternative technologies that can be used in this process. Droplet Deposition (DD) or Extrusion based Technologies, Laser Beam Melting, Electron Beam Melting, and Three Dimensional Printing (3DP) or Adhesion Bonding or Binder Jetting are few such alternatives that are considered in different cases.

Laser beam melting is a rapidly growing 3D printing technology that allows the fabrication of complex, multifunctional metal or alloy parts by the CAD-directed melting of precursor powder beds using a laser as the source of energy. It is the best-suited technology for the production of small parts, such as dental copings and hybrid parts of machines for minimally invasive surgery, due to its high accuracy. On the other hand, electron beam melting is a new technology process and has various advantages over other technologies. With a high melting rate, it is suitable for manufacturing oxygen-sensitive metals such as titanium and is free from oxidation issues as it takes place under vacuum. Thus, in the near future, EBM may be the fastest-growing platform for 3D printing due to its higher energy density and scanning method with low operating costs.

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