Belgium 3D Printing Medical Devices Market Report 2022 to 2030

Belgium 3D Printing Medical Devices Market Analysis

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Belgium 3D Printing Medical Device Market is expected to witness growth from $7 Mn in 2022 to $22 Mn in 2030 with a CAGR of 16.30% for the forecasted year 2022-2030. Because of the rising demand for personalised medical devices, advancements in 3D printing technology, rising healthcare costs, an increase in the number of 3D printing businesses, and government support, the market for 3D printed medical devices in Belgium is anticipated to expand in the upcoming years. The market is segmented by application, by technology and by end user. Some key players in this market include: CERHUM, Spentys, Stryker, Stratasys, GE Additive, Prodways Group and Siemens Healthineers.

ID: IN10BEMD002 CATEGORY: Medical Devices GEOGRAPHY: Belgium AUTHOR: Jigyasu Bhandari

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Belgium 3D Printing Medical Devices Market Executive Summary

The Belgium 3D Printing Medical Devices Market size is at around $7 Mn in 2022 and is projected to reach $22 Mn in 2030, exhibiting a CAGR of 16.30% during the forecast period. Belgium spent 0.3% of GDP on state healthcare administration and insurance in 2015. As a percentage of GDP, Belgium's overall health spending has increased steadily over time, from 10.5% in 2015 to 12.5% in 2020. The total budget is higher than the EU norm. Over the past 10 years, public (total) spending has increased gradually and has usually kept pace with levels in the European Union (EU).

In Belgium, Patients are getting personalised prosthetics due to 3D printing technology. These prosthetics have the potential to enhance patient outcomes and be more comfortable and practical than conventional prosthetics. Spinal implants and tooth implants can now be made specifically for each patient thanks to 3D printing technology. These devices can help patients heal more quickly and lower their risk of complications. The accuracy and effectiveness of surgical operations can be increased by using customised surgical tools made possible by 3D printing, such as guides and jigs. Anatomical models that can be used for surgery planning and training are being produced using 3D printing technology. Producing medical devices can be more affordable due to 3D printing, which does away with the need for expensive moulds and tooling. Patients and healthcare systems may pay less for healthcare as a result of this expense reduction. By cutting the time it takes to produce and transport medical devices, 3D printing can improve the efficiency of healthcare delivery. In addition to reducing treatment wait periods, this can enhance patient outcomes. By lowering the need for numerous surgeries or modifications to medical equipment, 3D printing technology can enhance the patient experience. The quality of life and patient happiness may increase as a result.

Market Dynamics

Market Growth Drivers Analysis

Because of the rising demand for personalised medical devices, advancements in 3D printing technology, rising healthcare costs, an increase in the number of 3D printing businesses, and government support, the market for 3D printed medical devices in Belgium is anticipated to expand in the upcoming years. By making research and development investments, growing their product lines, and forming alliances with healthcare providers, manufacturers in the 3D printing medical devices market can benefit from these growth factors. The quantity of 3D printing businesses in Belgium is increasing, and these businesses are spending money on R&D to advance the technology and broaden its uses. This is anticipated to fuel market expansion for 3D-printed medical equipment.

Market Restraints

The Belgium market for 3D printed medical devices has a sizable growth potential, but manufacturers may encounter a number of market barriers, such as regulatory obstacles, barriers to technology access, problems with quality control, issues with intellectual property, and reimbursement restrictions.

Competitive Landscape

Key Players

CERHUM (BE)
Spentys (BE)
Stratasys
Siemens Healthineers
GE Additive
Stryker
Prodways Group

Notable Recent Deals

2021: For challenging cranio-maxillofacial surgeries, 3D-Side and Maquet, a provider of medical technology, announced a collaboration in 2021 to create patient-specific implants.

Healthcare Policies and Regulatory Landscape

A combination of state and private healthcare providers makes up Belgium's well-established healthcare system. Through a number of organisations, including the Federal Public Service for Health, the Federal Agency for Medicines and Health Products, and the Belgian Health Care Knowledge Centre, the government controls and oversees the healthcare industry. The Medical Devices Regulation (MDR) and the In Vitro Diagnostic Regulation (IVDR), which are applicable to all EU member states, set the legal framework for 3D printed medical devices in Belgium. With the help of these laws, medical devices and in vitro diagnostic devices sold in the EU will be of the highest possible standard of performance, safety, and quality. Before their devices can be marketed and sold in Belgium, manufacturers of 3D-printed medical devices must abide by these laws and acquire the required certifications. The country's enforcement of these laws is the responsibility of the Belgium Federal Agency for Medicines and Health Products.

1. Executive Summary
1.1 Device Overview
1.2 Global Scenario
1.3 Country Overview
1.4 Healthcare Scenario in Country
1.5 Regulatory Landscape for Medical Device
1.6 Health Insurance Coverage in Country
1.7 Type of Medical Device
1.8 Recent Developments in the Country

2. Market Size and Forecasting
2.1 Market Size (With Excel and Methodology)
2.2 Market Segmentation (Check all Segments in Segmentation Section)

3. Market Dynamics
3.1 Market Drivers
3.2 Market Restraints

4. Competitive Landscape
4.1 Major Market Share

4.2 Key Company Profile (Check all Companies in the Summary Section)

4.2.1 Company
4.2.1.1 Overview
4.2.1.2 Product Applications and Services
4.2.1.3 Recent Developments
4.2.1.4 Partnerships Ecosystem
4.2.1.5 Financials (Based on Availability)

5. Reimbursement Scenario
5.1 Reimbursement Regulation
5.2 Reimbursement Process for Diagnosis
5.3 Reimbursement Process for Treatment

6. Methodology and Scope

3D Printing Medical Devices Market Segmentation

By Component (Revenue, USD Billion):

The 3D Printing Medical Devices market is divided into equipment, materials, and software & services depending on the component. In 2020, the market for 3D printed medical devices was dominated by software and services. During the forecast period, the cost-effectiveness, utility, uniformity, and accuracy provided by services for medical device 3D printing are anticipated to drive the segment's expansion.

Equipment
- 3D Printers
- 3D Bioprinters
Materials
Plastics
- Thermoplastics
- Photopolymers
Metals and Metal Alloys
Biomaterials
Ceramics
Paper
Wax
Other Materials
Services & Software

By Application (Revenue, USD Billion):

The market for 3D-printed medical devices is divided into wearable/implantable medical devices, other medical devices, standard prosthetics and implants, custom prosthetics and implants, tissue-engineered goods, surgical guides, and surgical tools based on the application. In 2020, the custom prosthetics and implants market sector held a greater market share. Biological materials (such skin and bones), plastics, ceramics, and metals are just a few of the materials that may be used to create highly customizable prosthetics and implants using 3D printing. The development of this market sector is anticipated to be fueled by 3D printing of custom implants, which is drawing in new investors and medical device businesses.

Surgical Guides
- Dental Guides
- Craniomaxillofacial Guides
- Orthopedic Guides
- Spinal Guides
Surgical Instruments
Surgical Fasteners
Scalpels
Retractors
Standard Prosthetics & Implants
Orthopedic Implants
Dental Prosthetics & Implants
Craniomaxillofacial Implants
Bone & Cartilage Scaffolds
Ligament & Tendon Scaffolds
Custom Prosthetics & Implants
Tissue-engineered Products
Hearing Aids
Wearable Medical Devices
Other Applications

By Technology (Revenue, USD Billion):

The market for 3D printing medical devices has been divided into various technological categories, including electron beam melting (EBM), laser beam melting (LBM), photopolymerization, droplet deposition or extrusion-based technologies, three-dimensional printing (3DP) or adhesion bonding, and others. The segment of these that accounted for the biggest market share in 2020 was laser beam melting (LBM). The significant market share of this sector is linked to the technology's expanding use in the dentistry sector and in the production of implants for minimally invasive surgery.

Laser Beam Melting
- Direct Metal Laser Sintering
- Selective Laser Sintering
- Selective Laser Melting
- LaserCUSING
Photopolymerization
Digital Light Processing
Stereolithography
Two-photon Polymerization
PolyJet 3D Printing
Fused Deposition Modeling
Multiphase Jet Solidification
Low-temperature Deposition Manufacturing
Microextrusion Bioprinting
Droplet Deposition/Extrusion-based Technologies
Electron Beam Melting
Three-dimensional Printing/Adhesion Bonding/Binder Jetting
Other Technologies

By End User (Revenue, USD Billion):

Hospitals and surgical centers, dentistry and orthopaedic clinics, academic institutions & research laboratories, pharma-biotech & medical device firms, and clinical research organizations make up the different end-user segments of the 3D printing medical devices market. The sector of hospitals and surgical centers held the biggest market share in 2020. The significant market share of this sector can be due to the increased uptake of cutting-edge medical technology by hospitals, the expansion of existing 3D printing facilities, and the rising affordability of 3D printing services.

Hospitals & Surgical Centers
Dental & Orthopedic Clinics
Academic Institutions & Research Laboratories
Pharma-Biotech & Medical Device Companies
Clinical Research Organizations

Methodology for Database Creation

Our database offers a comprehensive list of healthcare centers, meticulously curated to provide detailed information on a wide range of specialties and services. It includes top-tier hospitals, clinics, and diagnostic facilities across 30 countries and 24 specialties, ensuring users can find the healthcare services they need.

Additionally, we provide a comprehensive list of Key Opinion Leaders (KOLs) based on your requirements. Our curated list captures various crucial aspects of the KOLs, offering more than just general information. Whether you're looking to boost brand awareness, drive engagement, or launch a new product, our extensive list of KOLs ensures you have the right experts by your side. Covering 30 countries and 36 specialties, our database guarantees access to the best KOLs in the healthcare industry, supporting strategic decisions and enhancing your initiatives.

How Do We Get It?

Our database is created and maintained through a combination of secondary and primary research methodologies.

1. Secondary Research

With many years of experience in the healthcare field, we have our own rich proprietary data from various past projects. This historical data serves as the foundation for our database. Our continuous process of gathering data involves:

Analyzing historical proprietary data collected from multiple projects.
Regularly updating our existing data sets with new findings and trends.
Ensuring data consistency and accuracy through rigorous validation processes.

With extensive experience in the field, we have developed a proprietary GenAI-based technology that is uniquely tailored to our organization. This advanced technology enables us to scan a wide array of relevant information sources across the internet. Our data-gathering process includes:

Searching through academic conferences, published research, citations, and social media platforms
Collecting and compiling diverse data to build a comprehensive and detailed database
Continuously updating our database with new information to ensure its relevance and accuracy

2. Primary Research

To complement and validate our secondary data, we engage in primary research through local tie-ups and partnerships. This process involves:

Collaborating with local healthcare providers, hospitals, and clinics to gather real-time data.
Conducting surveys, interviews, and field studies to collect fresh data directly from the source.
Continuously refreshing our database to ensure that the information remains current and reliable.
Validating secondary data through cross-referencing with primary data to ensure accuracy and relevance.

Combining Secondary and Primary Research

By integrating both secondary and primary research methodologies, we ensure that our database is comprehensive, accurate, and up-to-date. The combined process involves:

Merging historical data from secondary research with real-time data from primary research.
Conducting thorough data validation and cleansing to remove inconsistencies and errors.
Organizing data into a structured format that is easily accessible and usable for various applications.
Continuously monitoring and updating the database to reflect the latest developments and trends in the healthcare field.

Through this meticulous process, we create a final database tailored to each region and domain within the healthcare industry. This approach ensures that our clients receive reliable and relevant data, empowering them to make informed decisions and drive innovation in their respective fields.