Nigeria 3D Printing Medical Devices Market Report 2022 to 2030

Nigeria 3D Printing Medical Devices Market Analysis

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Nigeria 3D Printing Medical Device Market is expected to witness growth from $3 Mn in 2022 to $10 Mn in 2030 with a CAGR of 17.30% for the forecasted year 2022-2030. The demand for 3D printing medical devices is increasing in Nigeria due to the country's expanding population and rising prevalence of chronic illnesses. The market is segmented by application, by technology and by end user. Some key players in this market include: AfricaMed, Stratasys, Stryker, GE Additive, GBioMed and Prodways Group.

ID: IN10NGMD002 CATEGORY: Medical Devices GEOGRAPHY: Nigeria AUTHOR: Jigyasu Bhandari

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Nigeria 3D Printing Medical Devices Market Executive Summary

The Nigeria 3D Printing Medical Devices Market size is at around $3 Mn in 2022 and is projected to reach $10 Mn in 2030, exhibiting a CAGR of 17.30% during the forecast period. Merely 3.75% of Nigeria's $495 Bn GDP is spent on public healthcare. By 2050, Nigeria's current 206 Mn population is projected to nearly double. The Nigerian government has provided pharmaceutical firms, product manufacturers, and service providers in the healthcare industry with state loan facilities totalling $254.6 Mn. In contrast to the sub-Saharan norm of 35%, about 72% of household health care costs are paid out of pocket. likewise, only 5% of medical expenses are paid by insurance.

In Nigeria, by offering a better fit, more comfort, and enhanced functionality, 3D Printed Medical devices can enhance patient outcomes. Compared to conventional manufacturing techniques, 3D printing is a much quicker way to make medical devices. In an emergency where time is of the essence, this can be particularly helpful. Particularly in remote locations where conventional manufacturing and distribution routes might not be accessible, 3D printing can expand access to medical devices. Medical device prototypes and models can be made using 3D printing, enabling researchers and developers to test and improve their designs more rapidly and effectively. By only producing the precise quantity of material required for each medical device, 3D printing can reduce waste. The price of manufacturing medical devices can be greatly decreased by 3D printing. Large-scale production lines are required in traditional manufacturing techniques, which can be costly. A single customised medical device can be created using 3D printing without facing the same high costs.

Nigeria 3D Printing Medical Device Market Analysis

Market Dynamics

Market Growth Drivers Analysis

The demand for 3D printing medical devices is increasing in Nigeria due to the country's expanding population and rising prevalence of chronic illnesses. This demand can be met with the aid of 3D printing technology, which makes it possible to produce affordable and customised medical equipment. Manufacturers can make medical devices more affordably than before due to 3D printing technology. The use of 3D printing technology makes it possible to create medical devices that are specifically tailored to each patient's anatomy, improving patient results. By lowering the possibility of complications and enhancing patient comfort and happiness, this technology contributes to the expansion of the Nigerian market for 3D printed medical devices.

Market Restraints

In Nigeria, Manufacturers of 3D Printing medical devices must abide by stringent regulatory requirements in order to guarantee the security and effectiveness of their devices. For manufacturers attempting to market 3D printed medical devices in Nigeria, the regulatory climate can be complicated and difficult. Because Nigeria's healthcare system is still being built out, it's possible that there won't be as much access to the money, tools, and skilled labour that are required to create and disseminate 3D printed medical devices. Manufacturers may run the chance of having their intellectual property rights violated or copied in Nigeria, where it can be difficult to protect those rights.

Competitive Landscape

Key Players

AfricaMed (NG)
GBioMed (NG)
Stratasys
GE Additive
Stryker
Prodways Group

Notable Recent Deals

2022: Nigerian healthtech startup Field Intelligence collaborated with PrinterPrezz, a 3D printing business located in Maryland, to use 3D printing technology to create locally produced medical devices. The alliance intended to improve access to reasonably priced healthcare and address Nigeria's shortage of medical equipment.

Healthcare Policies and Regulatory Landscape

The primary regulatory authority in charge of the registration, oversight, and control of 3D Printing medical devices in Nigeria is the National Agency for Food and Drug Administration and Control (NAFDAC). All medical devices that are imported, produced, and disseminated in Nigeria must adhere to strict safety and quality standards, according to NAFDAC's mission. NAFDAC mandates that 3D-printed medical devices go through a rigorous registration procedure in order to ensure that they are safe and effective. This procedure calls for the submission of thorough details regarding the medical device's quality, safety, and efficacy as well as clinical evidence to back its use. The National Health Insurance Scheme (NHIS), which was created by the Federal Ministry of Health, seeks to give all Nigerians access to affordable, high-quality healthcare. The NHIS provides coverage for a variety of medical services, including surgery, testing procedures, and medical devices.

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.