Romania 3D Printing Medical Devices Market Analysis Report [2022-30] I Insights10

Romania 3D Printing Medical Devices Market Analysis

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Romania 3D Printing Medical Device Market is expected to witness growth from $9 Mn in 2022 to $29 Mn in 2030 with a CAGR of 16.55% for the forecasted year 2022-2030. An increasing ageing population, shorter time to market, improved 3D printing technology, and rising healthcare costs are some of the market growth drivers for Romania 3D Printing medical devices market. The market is segmented by application, by technology and by end user. Some key players in this market include: BioSintex, PRION POCT, Stryker, GE Additive, Prodways Group and Stratasys.

ID: IN10ROMD002 CATEGORY: Medical Devices GEOGRAPHY: Romania AUTHOR: Jigyasu Bhandari

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Romania 3D Printing Medical Devices Market Executive Summary

The Romania 3D Printing Medical Devices Market size is at around $9 Mn in 2022 and is projected to reach $29 Mn in 2030, exhibiting a CAGR of 16.55% during the forecast period. In 2020, Romania became the 48th-largest medical instrument importer in the globe by bringing in $358 Mn. Medical supplies were Romania's 52nd-highest purchase that year. Germany ($104 Mn), the Netherlands ($58.9 Mn), China ($37.5 Mn), Austria ($16.5 Mn), and Italy ($16.3 Mn) account for the majority of Romania's medical apparatus imports. Imports from the United States make up 2.71% of all imports with an expected value of $9.71 Mn. Pharmaceutical sales in Romania totalled $4.4 billion in 2021, or $232.6 per individual, 1.6% of GDP, and 26.7% of health spending.

In Romania, 3D printing is a faster way of production. This may result in shorter wait times for people in need of medical equipment and more effective healthcare services. In order to help surgeons, plan complicated surgeries, 3D printing is also used to make anatomically accurate models of a patient's body part or organ. Better surgical results and patient outcomes may result from this. Using 3D printing technology, surgeons can create anatomical models of patient-specific anatomy, enabling them to plan surgeries and practise procedures before operating on a patient. Dental prostheses, implants, and aligners are all produced using 3D printing in the field of dentistry. The manufacturing procedure for 3D printed medical devices is quicker. As a result, people who require medical devices may not have to wait as long, and healthcare services may become more effective.

Romania 3D Printing Medical Device Market Analysis

Market Dynamics

Market Growth Drivers Analysis

An increasing ageing population, shorter time to market, improved 3D printing technology, and rising healthcare costs are some of the market growth drivers for Romania 3D Printing medical devices market. The demand for 3D Printing medical devices is rising in Romania as the country's population ages. With the help of 3D printing, older people can have implants, prosthetics, and orthotics made specifically for their needs, increasing their comfort and mobility. The time to market has been greatly shortened by the speed at which 3D printed medical devices can be produced. Because of this, manufacturers have been able to respond to the evolving requirements of the healthcare sector more quickly, which has increased demand for their devices. The cost of healthcare in Romania has been rising, and it is predicted that this trend will continue in the years to come. Increased spending in the healthcare industry and a rise in demand for cutting-edge medical devices, including 3D printed ones, are the results of this. More complex and intricate medical devices are now feasible to produce thanks to the ongoing developments in 3D printing technology. This has broadened the spectrum of medical device applications for 3D printing, creating more opportunities for Romanian manufacturers.

Market Restraints

In Romania, Manufacturers may spend a lot of time navigating Romania's complicated regulatory framework for 3D printed medical devices. This might cause Romanian product creation and market entry to be delayed. Current limitations on the materials that can be used to 3D print medical devices can limit the kinds of devices that can be made. For businesses seeking to diversify their product lines, this can be a major obstacle.

Competitive Landscape

Key Players

BioSintex (RO)
PRION POCT (RO)
Stratasys
GE Additive
Stryker
Prodways Group

Notable Recent Deals

2021: Brinter, a Finnish 3D printing business, and the Institute for Laser, Plasma and Radiation Physics (INFLPR) in Romania made an agreement in 2021 to work together on creating 3D-printed bone implants. In order to create specialised bone implants, the collaboration will make use of INFLPR's expertise in materials science and Brinter's 3D printing expertise.

Healthcare Policies and Regulatory Landscape

Romania adheres to the EU's regulatory structure when it comes to medical device regulation. The National Agency for Medicines and Medical Devices (ANMDM), which is in charge of the licencing, assessment, and supervision of medical devices on the Romanian market, regulates medical devices, including 3D-printed medical devices. Under the Ministry of Health's supervision, the ANMDM is in charge of making sure that medical devices adhere to the performance, quality, and safety requirements outlined in EU laws. Manufacturers must adhere to the EU Medical Device Regulation (MDR) and acquire a CE mark, which certifies that the product meets the necessary performance and safety standards, in order to market a 3D-printed medical device in Romania. Romania, along with the rest of the EU, accepts the CE symbol. Before medical devices can be marketed in Romania, the ANMDM also mandates that they be registered with the organisation.

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.