The APAC 3D printing polymer material market for medical application is expected to grow from US$ 235.31 million in 2021 to US$ 587.59 million by 2028; it is estimated to grow at a CAGR of 14.0% from 2021 to 2028.
Players operating in the 3D printing polymer material market are highly focused on developing new polymers for 3D printing. Also, different companies have made efforts to make new and innovative polymers for medical 3D printing. These new and innovative polymers will allow manufacturers to create new products and more personalized devices with complex internal designs. For instance, in 2020, the chemical company Henkel and California-based SLA 3D printer manufacturer Nexa3D launched a new polymer for 3D printing called xMED412. The newly launched polymer can be used to manufacture products such as orthotics guides and braces and print nasal testing swabs for COVID-19. Moreover, in May 2020, Evonik launched implant-grade polyether ether ketone (PEEK) filament for medical applications in 3D printing. VESTAKEEP i4 3DF PEEK filament is an implant-grade material based on VESTAKEEP i4 G, a highly viscous, high-performance polymer from Evonik. This 3D-printable implant material can be used in orthopedics and maxillofacial surgery. Furthermore, in November 2021, Evonik launched new Resomer PrintPowder polymers for the 3D printing of personalized, implantable medical devices. The powders have a broader range of customizable mechanical properties and degradation rates. This allows them to be used for more complex and tailored medical devices, including orthopedic, dental, or soft tissue applications. Hence, new product innovations will offer lucrative opportunities for the growth of the 3D printing polymer material market for medical applications during the forecast period.With the new features and technologies, vendors can attract new customers and expand their footprints in emerging markets. This factor is likely to drive the 3D printing polymer material market for medical application. The APAC 3D printing polymer material market for medical application is expected to grow at a good CAGR during the forecast period.
APAC 3D Printing Polymer Material Market for Medical Application Revenue and Forecast to 2028 (US$ Million)
APAC 3D Printing Polymer Material Market for Medical Application Segmentation
The APAC 3D printing polymer material market for medical application is segmented based on material, application, and country. Based on material, the market is segmented into polyether ether ketone (PEEK), polymethylmethacrylate (PMMA), polylactic acid (PLA), and other material. The polyether ether ketone (PEEK) segment dominated the market in 2020 and is expected to be the fastest-growing segment during the forecast period. In terms of application, the market is broadly divided into dental and hearing aids. The dental segment dominated the market in 2020 and is expected to be the fastest-growing segment during the forecast period. Based on country, the APAC 3D printing polymer material market for medical application is classified into Australia, China, India, Japan, South Korea, and the Rest of APAC.
Arkema; BASF SE; Evonik Industries AG; Formlabs; Henkel AG & COMPANY, KGAA; Roboze; Solvay S.A.; and Stratasys Ltd. are among the leading companies in the APAC 3D printing polymer material market for medical application.
