Indonesia 3D Printing Medical Devices Market Report 2022 to 2030

Indonesia 3D Printing Medical Devices Market Analysis

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Indonesia 3D Printing Medical Device Market is expected to witness growth from $18 Mn in 2022 to $60 Mn in 2030 with a CAGR of 16.30% for the forecasted year 2022-2030. The Demand for 3D printed medical devices has increased in Indonesia as more people are becoming conscious of the advantages of early and accurate diagnosis. The development of 3D-printed medical equipment is being fueled by Indonesia's expanding network of private hospitals and clinics. The market is segmented by application, by technology and by end user. Some key players in this market include: PT Adira Quantum Radiology, PT Medison Jaya Raya, GE Healthcare, Stryker, Medtronic, Stryker and Philips Healthcare.

ID: IN10IDMD002 CATEGORY: Medical Devices GEOGRAPHY: Indonesia AUTHOR: Jigyasu Bhandari

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Indonesia 3D Printing Medical Devices Market Executive Summary

The Indonesia 3D Printing Medical Devices Market size is at around $18 Mn in 2022 and is projected to reach $60 Mn in 2030, exhibiting a CAGR of 16.30% during the forecast period. Indonesia is expected to spend $30.18 billion more on healthcare between 2022 and 2028. Spending is projected to total $69.3 billion in 2028. As a country with a middle income and recent industrialization, Indonesia is viewed as such. It is the 17th biggest economy in the world by nominal GDP and ranks seventh in terms of GDP. The estimated $40 billion Internet economy for Indonesia in 2019 is expected to grow to $130 billion by 2025.

In Indonesia's medical sector, 3D printing technology has a variety of uses and advantages. It is a crucial tool for the nation's healthcare workers due to its capacity to produce individualised medical devices, surgical planning, cut costs, and enhance patient outcomes. To aid in the planning of surgeries, doctors can use 3D printing technology to make models of organs and other bodily parts. By doing so, surgery can be completed more quickly and with better results. Medical equipment and prostheses can cost less thanks to 3D printing. This technology eliminates the need for outsourcing and may even lower costs by allowing medical personnel to manufacture prosthetics and other devices internally. Compared to conventional manufacturing techniques, 3D printing technology can create medical devices more quickly. When a patient requires a medical device right away in an emergency, this can be especially helpful.

Indonesia 3D Printing Medical Device Market Analysis

Market Dynamics

Market Growth Drivers Analysis

The demand for 3D printed medical devices has increased in Indonesia as more people are becoming conscious of the advantages of early and accurate diagnosis. The development of 3D-printed medical equipment is being fueled by Indonesia's expanding network of private hospitals and clinics. Private hospitals and clinics are putting money into cutting-edge imaging technology in order to draw in patients and provide top-notch treatment. Indonesia is a rapidly expanding centre for health tourism, drawing visitors from all over the world to its high-calibre, low-cost medical care. As a consequence, there is a growing need for 3D printed medical devices in the nation. With new materials, programmes, and hardware being created on a regular basis, the 3D printing sector is continuously changing. As a result, Indonesian manufacturers can utilise cutting-edge technology to assist in the production of high-quality medical devices.

Market Restraints

In Indonesia, setting up a facility for 3D printing medical devices can be costly, and for some manufacturers, this cost may be unaffordable. Indonesia's 3D printing market is still in its infancy, so there may be infrastructure restrictions regarding things like availability of 3D printers, materials, and trained labour. In Indonesia, the market for 3D printed medical devices is still comparatively young, but there are already established players who may have more resources and expertise. The regulatory structure in Indonesia's medical device industry is still in its infancy, and this makes it challenging for manufacturers to operate in the market.

Competitive Landscape

Key Players

PT Adira Quantum Radiology (ID)
PT Medison Jaya Raya (ID)
PT. Lima Sukses Mandiri (ID)
Medtronic
Boston Scientific
GE Healthcare
Stryker

Notable Recent Deals

2022: The collaboration between the 3D printing business PT. Lima Sukses Mandiri (LSM) and the medical equipment distributor PT. Refinity Indonesia Medika in 2022 was one significant transaction that took place in the Indonesian market for 3D printing medical devices. A 3D printing production line for medical equipment, such as face shields, safety gear, and other devices, was the goal of the collaboration.

Healthcare Policies and Regulatory Landscape

The Ministry of Health (MOH) and the National Office of Drug and Food Control (NADC) oversee Indonesia's healthcare laws and regulations (BPOM). There aren't many laws that explicitly address the use of 3D printed medical devices because the technology is still relatively new in Indonesia's medical sector. To guarantee patient safety, the MOH and BPOM have established standards and laws for 3D Printing medical devices. Manufacturers of 3D Printing medical devices in Indonesia must register their goods with BPOM in order to import, distribute, and sell these devices. Testing and evaluation of the product's effectiveness, safety, and quality are part of the registration procedure. Companies are required to follow the Good Manufacturing Practices (GMP) and Good Distribution Practices (GDP) regulations established by BPOM once the product has been licenced. For businesses to offer medical devices in Indonesia, they also need a distribution permit.

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.