The 3D printing polymer material market for medical application in South America is expected to grow from US$ 43.65 million in 2021 to US$ 104.33 million by 2028; it is estimated to grow at a CAGR of 13.3% from 2021 to 2028.
In dentistry, the use of 3D printing has seen a rapid increase. 3D printing technology is becoming a staple technology in the field of dentistry. For dental sciences, 3D printing is an ideal technology due to the accuracy and customization incorporated into products made by 3D printing. 3D printing offers various advantages over subtractive/milling techniques. It allows the production of complex geometries with ease and reduces the wastage of material generally lost to milling. 3D printing technology offers a lucrative advantage in terms of reduced labor and time consumption. It facilitates the creation of a digital workflow wherein every step is completed virtually without a need for multiple laboratory procedures. 3D printing allows for multiple appliances to be printed at once. Accuracy is also improved with 3D printing. Increased production capacity and more accurate end results benefit both dentists and patients. Applications of 3D printing technology in dentistry are wide-ranging. Dentists extensively use 3D printing technology to replace or repair a damaged tooth, create an orthodontic model, and produce crowns, caps, and dentures. In addition, 3D printing is increasingly being used to produce dental devices such as aligners and bridges. Oral diseases are a major health burden for different countries across the region and affect people throughout their lifetime. The prevalence of oral diseases continues to increase with increasing urbanization and changes in living conditions. Different dental products manufactured by using 3D printing technology find extensive applications in restoring the dental structure. Hence, the high incidence of dental caries and other dental diseases increases the use of 3D printed products in dentistry. Further, newer and better materials are also being developed for 3D printing in dentistry by different companies operating in the 3D printing polymer market. This is further boosting the adoption of 3D printing technology in dentistry. Hence, the increasing use of 3D printing in dentistry for various applications mainly drives the 3D printing polymer material market.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 South America 3D printing polymer material market for medical application is expected to grow at a good CAGR during the forecast period.
South America 3D Printing Polymer Material Market for Medical Application Revenue and Forecast to 2028 (US$ Million)
South America 3D Printing Polymer Material Market for Medical Application Segmentation
The South America 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 South America 3D printing polymer material market for medical application is classified into South Africa, Saudi Arabia, the UAE, and the Rest of MEA.
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 South America 3D printing polymer material market for medical application.