The Middle East and Africa Medical Device 3D Printing market is estimated at USD 57.82 million in 2015 and is poised to reach USD 178.27 million by 2020, growing at a CAGR of 25.27%. 3D printing technology has the potential to radically transform the way medical devices are used to treat patients. Today, 3D printing is emerging as a cost effective, efficient, and customized manufacturing option for the medical devices industry—applicable to a range of devices.
It will impact health care in many ways, including implantable and non-implantable medical devices, along with cost-effective customizable devices.
The rising demand for patient-specific products in orthopaedics and maxillofacial surgery in addition to the latest advancements in technologies, diversity of materials that range from polymers to living tissue, growing awareness about the new developments in the healthcare field, funding’s from government agencies, especially in African countries are driving the growth of Middle East and Africa medical device 3D printing market. Further, with the availability of wide range of material options like polymers, nylon etc. and the decrease in 3D models prices have increased the adoptability of 3D printing in medical sector.
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The Middle East and Africa medical device 3D printing market is categorised on the basis of product type into Prosthetics, Medical Implants, Surgical guides, Surgical Instruments and Hearing & Audibility Aid devices. On the basis of Material used for manufacturing the market is segmented under Ceramics, Metal & Metal alloys, Nylon, Plastics, Biomaterials, and Wax. It has been observed that the plastics namely, acrylonitrile butadiene styrene (ABS), and polylactic acid (PLA) along with nylon, have seen an increased usage mainly due to the comfortability and simplicity in application. Further, use of metals with high strength and resistance is expected to have fastest growth in the near future.
In addition, on the basis of technology the market products are segregated under various technologies employed namely, Laser beam melting (LBM), Electron Beam Melting (EBM), Wax deposition Modelling, Droplet Deposition, and Bio Printing.
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Further, on the basis of geography the market is segmented and analysed under regions of Middle East and Africa. South Africa being the most developed country in the African region is set to offer large market not just limiting to its borders but also reaching the potential users in the developing African countries. Coming to the Middle east, some being the world richest countries, thanks to the oil money, is also a potential market for 3D printed medical device as money won’t be a barrier here but lack of support from governments can be an issue for sustainable growth.
With the demand for 3D printed medical device is expected to rise in the near future, many new and existing MNC’s want to capitalize on this niche opportunity. Some of the major companies already operating in the 3D printing industry with significant presence in medical equipment domain are 3D Systems Corporation, Stratasys Ltd., EnvisionTEC GmbH, Renishaw plc, Materialise NV, 3T RPD, Ltd., EOS GmbH Electro Optical Systems, Concept Laser GmbH, Arcam AB, and Prodways.
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