Tanzania 3D Printing Medical Device Market is expected to witness growth from $1 Mn in 2022 to $4 Mn in 2030 with a CAGR of 17.20% for the forecasted year 2022-2030. Tanzania population growth and increased prevalence of chronic diseases are contributing to an increase in the demand for 3D printing medical devices. The market is segmented by application, by technology and by end user. Some key players in this market include: MOHAMED MEDICAL SUPPLIES, GE Additive, NAJRAM LIMITED, Stratasys, Medtronic and Prodways Group.
The Tanzania 3D Printing Medical Devices Market size is at around $1 Mn in 2022 and is projected to reach $4 Mn in 2030, exhibiting a CAGR of 17.20% during the forecast period. In Tanzania, healthcare costs were $41 per individual in 2021. Health expenditures per person in the United Republic of Tanzania increased from $20 in 2015 to $40 in 2019, increasing at an average yearly rate of 6.91%. In nominal terms, Tanzania's health sector will receive $0.94 billion in 2020, a 0.4% decline from the $0.93 billion allotted in 2018. The allocation has decreased from 7.0% and 1.80%, respectively, to 6.7% of the overall national budget and 1.5% of GDP.
Tanzanian healthcare could undergo a transformation attributable to 3D printing technology, which is still relatively new and progressing quickly. For patients who have lost limbs, 3D printing technology has made it feasible to design personalised prosthetics. Traditional prostheses can be costly and labor-intensive to make, but 3D printing offers a quicker and more affordable alternative. This is especially helpful in Tanzania, where a large number of people need prosthetic arms because of illnesses like polio and accidents. The development of anatomically precise models of organs, bones, and tissues is made possible by 3D printing technology. This is especially helpful in surgical planning because it allows surgeons to rehearse difficult techniques on 3D-printed models before performing them on actual patients. This can lower the possibility of problems and enhance surgical results.
Market Growth Drivers Analysis
Tanzania population growth and increased prevalence of chronic diseases are contributing to an increase in the demand for 3D printing medical devices. Medical device manufacturing can be done efficiently and affordably using 3D printing. It decreases manufacturing time and labour requirements and does away with the need for costly tooling. In turn, this lowers the cost of 3D-printed medical devices for both individuals and healthcare professionals. Customized medical equipment can be made using 3D printing to meet the unique requirements of each patient. This is especially crucial in the healthcare sector, where individualised care is becoming more widespread. Compared to conventional manufacturing techniques, 3D printing technology can create medical devices that are more exact, accurate, and efficient. Better patient outcomes and general healthcare may result from this. Manufacturers are now able to produce more intricate and advanced medical devices due to the quick evolution of 3D printing technology. The market for medical products made using 3D printing is consequently growing. The market for medical devices is rising, and Tanzania's healthcare sector is expanding quickly. The market for 3D-printed medical devices is growing as a result of the benefits 3D printing has to offer, such as flexible design, quick production, and cost effectiveness.
Market Restraints
Tanzania suffers from a lack of qualified workers with knowledge of 3D printing technology and the production of medical devices, which might restrain market expansion. The lack of widespread knowledge and use of the technology is one of the main issues Tanzania's market for 3D-printed medical devices is currently confronting. The lack of familiarity with 3D printing among many healthcare professionals and consumers could impede market expansion. Access to money may be a problem for many Tanzanian manufacturers who want to engage in the production of medical devices and 3D printing technology. Due to this, the market's expansion may be constrained, and smaller players may find it challenging to contend with more established, larger manufacturers.
Key Players
2021: Tanzania's government and Sinohydro Corporation of China signed a memorandum of agreement in 2021 to establish a manufacturing facility for medical devices there. It is anticipated that the plant, which will concentrate on producing a variety of medical devices, including 3D-printed ones, will support employment growth in Tanzania's healthcare sector.
In Tanzania, medical device regulation is the responsibility of the Tanzania Food and Drugs Administration (TFDA). Manufacturers must apply to the TFDA with details about the device's design, manufacturing procedure, and planned use in order to receive regulatory approval for a 3D-printed medical device. Before approving the device, the TFDA will examine the application and evaluate the device's quality, safety, and effectiveness. The regulatory environment for 3D printed medical devices in Tanzania is still evolving, and makers must overcome some obstacles to thrive in this market. However, there is significant potential for manufacturers to establish themselves as key participants in this quickly expanding industry given Tanzania's increasing demand for 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
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.
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.
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.
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.
Methodology for Database Creation
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