South Africa 3D Printing Medical Devices Market Report 2022 to 2030

South Africa 3D Printing Medical Devices Market Analysis

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South Africa's 3D Printing Medical Device Market is expected to witness growth from $19 Mn in 2022 to $70 Mn in 2030 with a CAGR of 17.53% for the forecasted year 2022-2030. South Africa's 3D Printing Medical Devices market is expected to grow as a result of the rising prevalence of chronic diseases, aging populations, and rising healthcare expenditure. The market is segmented by application, by technology, and by end user. Some key players in this market include Gabler Medical, MediQ SHS, Stryker, Stratasys, GE Additive, and Prodways Group.

ID: IN10ZAMD002 CATEGORY: Medical Devices GEOGRAPHY: South Africa AUTHOR: Jigyasu Bhandari

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South Africa 3D Printing Medical Devices Market Executive Summary

South Africa's 3D Printing Medical Device Market is expected to grow from $19 Mn in 2022 to $70 Mn in 2030 with a CAGR of 17.53% for the forecasted year 2022-30. The South African government spends more money on healthcare (14% as opposed to 11%). The administration has been trying to make the health budget line item larger. Implementing National Health Insurance (NHI) will be challenging due to the high cost, which is predicted to hit US$16.5 Bn annually by 2025. $16.4 billion, or 1.1% more than the previous year, was allocated for healthcare in the South Africa Health budget.

In South Africa, 3D printing has attracted a lot of interest and is being used to produce personalized medicinal equipment for patients. Custom medical devices can be produced using 3D printing and are made specifically for each patient. By doing this, the device is guaranteed to fit precisely and offer the necessary support or treatment. The use of costly tooling and manufacturing techniques is not necessary with 3D printing. This makes it an affordable option for manufacturing medical devices, especially those that are required in small quantities. Medical device production is much quicker with 3D printing than it is with conventional manufacturing techniques. In an emergency where speed is of the essence, this is especially helpful. When compared to conventional devices, 3D-printed medical equipment offers patients greater support, comfort, and functionality. Since 3D printing only uses the precise quantity of material required to create the object, it generates very little waste.

South Africa 3D Printing Medical Device Market Analysis

Market Dynamics

Market Growth Drivers Analysis

The South African 3D Printing Medical Devices market is expected to grow as a result of the rising prevalence of chronic diseases, aging populations, and rising healthcare expenditure. This tendency is likely to be advantageous for manufacturers who can offer cutting-edge solutions that satisfy the requirements of healthcare professionals and patients. For some medical devices, especially those made in small numbers, 3D printing may be more affordable than conventional manufacturing techniques. As a result, more healthcare professionals are using 3D printing, and the market for 3D-printed medical equipment is expanding. The variety of medical devices that can be made using 3D printing has increased with the development of new 3D printing technologies and materials. Manufacturers now have new opportunities to build cutting-edge solutions that satisfy the requirements of patients and healthcare professionals.

Market Restraints

The South African 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

Gabler medical (SA)
MediQ SHS (SA)
Stratasys
GE Additive
Stryker
Prodways Group

Notable Recent Deals

2020: The Medical University of South Africa (MEDUNSA) and Materialise, a provider of 3D printing software and services, announced a partnership in 2020 to create a 3D printing medical training facility. The facility is made to offer practical training in 3D printing technology and its uses in healthcare to medical workers.

Healthcare Policies and Regulatory Landscape

In South Africa, the licencing, importation, and distribution of 3D-printed medical devices are subject to the Medicines and Related Substances Act (No. 101 of 1965). The requirements of this act must be met by any 3D printed medical device that is planned for domestic marketing. For the safety and quality of 3D-printed medical devices in South Africa, standards are established by the South African Bureau of Standards (SABS). Guidelines for the testing and certification of 3D printed medical equipment, including specifications for material properties, mechanical testing, and biocompatibility, have been released by SABS. South Africa's National Department of Health (NDoH) is in charge of creating and enforcing healthcare laws and rules. For the use of 3D printing technology in healthcare, the NDoH has created guidelines that include suggestions for clinical validation, quality control, and patient safety.

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.