Mexico 3D Printing Medical Devices Market Report 2022 to 2030

Mexico 3D Printing Medical Devices Market Analysis

$ 3999

Mexico 3D Printing Medical Device Market is expected to witness growth from $45 Mn in 2022 to $152 Mn in 2030 with a CAGR of 16.55% for the forecasted year 2022-2030. In Mexico, the rise in chronic diseases, Mexico's ageing population, the growing use of 3D printing technology, and rising healthcare expenditure are all factors that are driving up the demand for 3D Printing medical devices in Mexico. The market is segmented by application, by technology and by end user. Some key players in this market include: GE Healthcare, Stryker, Medtronic, Philips Healthcare and Boston Scientific.

ID: IN10MXMD002 CATEGORY: Medical Devices GEOGRAPHY: Mexico AUTHOR: Jigyasu Bhandari

Buy Now

Mexico 3D Printing Medical Devices Market Executive Summary

The Mexico 3D Printing Medical Devices Market size is at around $45 Mn in 2022 and is projected to reach $152 Mn in 2030, exhibiting a CAGR of 16.55% during the forecast period. As a percentage of GDP, health spending in Mexico increased significantly from 5.4% in 2019 to 6.2% in 2020, compared to an average rise of 0.9% across the Organization for Economic Cooperation and Development region. In 2020, Mexico's gross domestic product (GDP) was 6.2% devoted to healthcare. The average person in Mexico still has to pay out-of-pocket costs, despite the fact that the percentage has decreased from 55% to 45%.

Mexico's healthcare industry is increasingly utilising 3D printing technology. In Mexico, Custom-fit prostheses can be created using 3D printing technology, making them more comfortable and useful for patients. Comparing 3D printing to conventional manufacturing techniques, production time and expenses can also be decreased. Implants made using 3D printing can be tailored to a patient's anatomy, increasing their efficacy and lowering the chance of problems. This is especially helpful for difficult procedures like cranial repair. Surgical tools made using 3D printing can be more accurate and effective than conventional instruments. Additionally, it may make it possible to create intricate geometries that are challenging to manufacture using conventional production techniques. For planning and practising surgeries, 3D printing can produce precise medical models. This can increase the surgical operations' accuracy and safety.

Mexico 3D Printing Medical Device Market Analysis

Market Dynamics

Market Growth Drivers Analysis

In Mexico, the rise in chronic diseases, Mexico's ageing population, the growing use of 3D printing technology, and rising healthcare expenditure are all factors that are driving up the demand for 3D Printing medical devices in Mexico. It is now feasible to produce precise, high-quality medical devices that meet or exceed industry standards thanks to recent developments in 3D printing technology. More individualised healthcare choices are being demanded by patients, and 3D printing technology now makes it possible to produce medical devices that are uniquely tailored to meet the needs of each patient. The Mexican government has proven its support for the expansion of the 3D printing industry, including the production of medical devices, through initiatives like the National 3D Printing Strategic Plan.

Market Restraints

Competitive Landscape

Key Players

Competitive Landscape

Key Players

Philips Healthcare
Medtronic
Boston Scientific
GE Healthcare
Stryker
Siemens Healthineers

Notable Recent Deals

2020: A new 3D printing lab specialising in the manufacturing of medical devices has been established thanks to a collaboration between 3D printing industry pioneer Stratasys and Mexico's Tecnológico de Monterrey. The facility creates a variety of medical devices, including prosthetics and surgical guides, using Stratasys' 3D printing technology.

Healthcare Policies and Regulatory Landscape

The Federal Commission for Protection against Sanitary Risks is in charge of managing medical equipment regulations in Mexico. Medical instruments made using 3D printing technology are subject to regulation and approval by COFEPRIS. The COFEPRIS regulations must be followed by makers in order to get their 3D printed medical devices approved in Mexico. These requirements include putting the device through a rigorous testing and approval procedure to show its quality, safety, and efficacy. The healthcare policies in Mexico, in addition to regulatory standards, have an impact on the market for 3D printed medical devices. The government mainly finances Mexico's healthcare system, which places a strong emphasis on giving all citizens access to affordable care. Due to their emphasis on accessibility and affordability, 3D printed medical devices may be a desirable choice for healthcare providers seeking to cut expenses and enhance patient outcomes.

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.