Vat Photopolymerization 3D Printing Technology Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.17 Billion |
| Market Size (2029) | USD 6.90 Billion |
| CAGR (2024 - 2029) | 26.02 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | North America |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Vat Photopolymerization 3D Printing Technology Market Analysis
The Vat Photopolymerization 3D Printing Technology Market size is estimated at USD 2.17 billion in 2024, and is expected to reach USD 6.90 billion by 2029, at a CAGR of 26.02% during the forecast period (2024-2029).
The major factors driving the vat photopolymerization market are the increasing demand for minimally invasive surgeries, growing technological advancements, high cost-efficiency of vat photopolymerization, rising clinical advantages of vat photopolymerization 3D printing in the healthcare industry, and growing regulatory support for 3D printing medical devices.
The increasing demand for invasive procedures boosts the demand for vat photopolymerization 3D printing technologies in healthcare for printing tailored surgical tools and implants according to patient anatomical specifications and reducing surgical complications by providing custom-fitted implants used in minimally invasive surgery. These factors are expected to drive the market studied over the forecast period.
An article published in February 2022 reported that of the population studied in the United States, about 57% of patients preferred MIS and made their decision under the influence of surgeons as their surgeons were more confident in MIS procedures and reported less perceived disadvantages following their surgery compared with the open surgery cohort. Such studies depict the higher acceptance of MIS among healthcare professionals and patients over traditional procedures. Hence, the growing demand for minimally invasive surgical procedures boosts the utilization of vat photopolymerization 3D printing technology to print patient-specific implants, thereby accelerating the market studied over the forecast period.
Furthermore, the growing clinical advantages of vat photopolymerization 3D printing in the healthcare industry are also expected to increase the adoption of these technologies in the healthcare industry and thereby drive the market studied over the forecast period. For instance, according to an article published in the Journal of Functional Biomaterials in January 2024, biofunctional and biocompatible materials can be used in vat photopolymerization (VPP) 3D printing to manufacture pharmaceutical formulations with composition, dosage, and release profiles tailor-made for each individual patient and also for manufacturing prostheses or substituents of different parts of the body in the fields of dentistry, orthopedics, and general or oral and maxillofacial surgery. Hence, the various clinical advantages of VPP 3D printing in healthcare are expected to increase its utilization and drive the market studied over the forecast period.
Thus, the increasing demand for minimally invasive surgeries and growing clinical advantages offered by vat photopolymerization 3D printing in healthcare are expected to boost the demand for this technology and drive the market studied over the forecast period. However, the high cost of installation of VPP 3D printers is expected to restrain the market studied over the forecast period.
Vat Photopolymerization 3D Printing Technology Market Trends
Orthopedics Segment Expected to Hold a Significant Market Share Over the Forecast Period
Vat photopolymerization 3D printing technologies have various applications in orthopedics, such as for manufacturing orthopedic implants that fit precisely to patient anatomy, surgical guides that ensure the accurate positioning of implants, and the production of anatomical models of bone and joints. The increasing number of sports injuries worldwide, as well as growing technological advancements, are expected to drive the segment’s revenue over the forecast period.
The increasing number of sports injuries is boosting the hospitalization of patients for orthopedic surgeries, and VPP 3D printing is being utilized to produce implants according to patient anatomical specifications to reduce surgical complications and help patients recover quickly. Such developments are expected to drive demand for VPP 3D printing technologies and drive the orthopedics segment. According to an article published in the Journal of Clinical Orthopaedics and Trauma in August 2022, sports injuries, excluding bony injuries and soft tissue injuries, are some of the most chronically painful injuries observed in athletes.
Similarly, according to an article published in Springer in September 2024, a study conducted in Canada demonstrated that the rates of injuries ranged from 12.7 injuries per 100 participants every year in rugby to 33.1 injuries per 100 participants every year in ice hockey. The prevalence rate for injuries to the head was 33.3%; for the wrist or hand, it was 16.0%; for the shoulder, it was 12.8%; and for the knee, it was 12.0%. Hence, the increasing number of sports injuries drives the demand for minimally invasive surgeries in which vat photopolymerization 3D-printed implants are utilized to decrease patient complications. Such developments are anticipated to boost the segment’s revenue over the forecast period.
Increasing strategic activities, such as the launch of new services by key players, are also expected to increase the accessibility of vat photopolymerization 3D printing technology for orthopedic applications and drive the segment over the forecast period.
For instance, in May 2024, Create it REAL, a Danish 3D printing research and development center with a special focus on orthopedics, reported the launch of a new digital ordering platform to facilitate access to its custom orthopedic production services. Through this service, the company offers orthopedic implants that are produced using technologies such as stereolithography (SLA), selective laser sintering (SLS), and fused deposition modeling (FDM). Hence, such strategic activities are increasing the accessibility of vat photopolymerization 3D printed orthopedic products, which is projected to drive the segment studied over the forecast period.
Thus, the increasing number of sports injuries and growing strategic activities such as new service launches are boosting the demand for vat photopolymerization 3D technologies in the orthopedic field, thereby driving the segment’s revenue over the forecast period.
North America Expected to Hold a Significant Market Share Over the Forecast Period
The vat photopolymerization 3D printing technology market in North America is driven by factors such as the rising demand for minimally invasive surgeries, advanced healthcare systems, growing demand for customized implants and surgical guides, and rising applications of VPP 3D printing in dentistry and orthopedics.
VPP 3D printing has various applications in dentistry, such as printing dental implants, producing custom orthodontic brackets, and producing surgical guides for various dental procedures. The rising applications of VPP 3D printing are expected to accelerate the launch of new products in the North American market, ultimately driving the market studied over the forecast period.
For instance, in May 2022, Rayshape, a resin additive manufacturing specialist company, reported the launch of the Shape 1+ DLP 3D printer series across North America and Europe. This series contains three new DLP machines: Shape 1+, Shape 1+ HD, and Shape 1+ Dental. Shape 1+ dental has various applications in dentistry, including printing dental implants in a short time period. Hence, the launch of such products in the region increases the accessibility of VAT photopolymerization 3D printing technologies. Such developments are expected to drive the market studied over the forecast period.
Furthermore, the rising demand for minimally invasive surgeries in the region increases the utilization of VPP 3D printing for various purposes, such as the production of orthopedic implants according to patient specifications, which may boost the market studied over the forecast period.
For instance, according to a report published by the Canadian Journal for Surgery in November 2022, minimally invasive surgery decreases length of stay, pain, and complications such as surgical site infection. It is used in 44% of cases across the country, with British Columbia, Ontario, and other territories exceeding that rate. Hence, the increasing demand for minimally invasive surgeries drives the demand for VAT photopolymerization 3D printing technologies for the production of orthopedic implants and surgical guides, which may boost the market studied over the forecast period.
Hence, the increasing application of vat photopolymerization 3D printing technologies in dentistry and rising demand for minimally invasive surgeries are expected to drive the market over the forecast period in North America.
Vat Photopolymerization 3D Printing Technology Industry Overview
The vat photopolymerization 3D printing technology market is semi-consolidated due to the presence of many global and regional players in the field. The major players in the market are adopting various strategic activities such as product launches, collaborations, and fundraising for the development of new solutions. Some of the key players in the market are Formlabs, Rayshape, Peopoly, Asiga, and Tiertime, among others.
Vat Photopolymerization 3D Printing Technology Market Leaders
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Formlabs
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Rayshape
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Peopoly
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Asiga.
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Tiertime
*Disclaimer: Major Players sorted in no particular order
Vat Photopolymerization 3D Printing Technology Market News
- March 2024: Sprybuild, an Israeli start-up, reported the launch of its SLA 3D printer featuring a patented continuous build process on a conveyor belt and rigid optical interface. This 3D printer can be used in the production of dental models, orthopedic insoles, eyeglass frames, hearing aids, and prosthetic components.
- February 2024: SHINING 3D, a 3D digitization and printing solutions provider, reported the launch of AccuFab-CEL, a dental 3D printer, at the largest dental laboratory event in the United States, LabDay 2024.
Vat Photopolymerization 3D Printing Technology Market Report - Table of Contents
1. INTRODUCTION
1.1 Study Assumptions and Market Definition
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.2.1 Rising Demand for Minimally Invasive Procedures
4.2.2 Growing Technological Advancements
4.3 Market Restraints
4.3.1 High-cost Installments
4.4 Porter's Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers/Consumers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION (Market Size by Value - USD)
5.1 By Component
5.1.1 Hardware
5.1.2 Software
5.1.3 Services
5.1.4 Materials
5.2 By Technology
5.2.1 Stereolithography (SLA)
5.2.2 Digital Light Processing (DLP)
5.2.3 Continuous Digital Light Processing (CDLP)
5.3 By Application
5.3.1 Dentistry
5.3.2 Orthopedics
5.3.3 Tissue Engineering
5.3.4 Other Applications (Advanced Drug Delivery Systems, Oral Dosage Forms, and Others)
5.4 Geography
5.4.1 North America
5.4.1.1 United States
5.4.1.2 Canada
5.4.1.3 Mexico
5.4.2 Europe
5.4.2.1 Germany
5.4.2.2 United Kingdom
5.4.2.3 France
5.4.2.4 Italy
5.4.2.5 Spain
5.4.2.6 Rest of Europe
5.4.3 Asia-Pacific
5.4.3.1 China
5.4.3.2 Japan
5.4.3.3 India
5.4.3.4 Australia
5.4.3.5 South Korea
5.4.3.6 Rest of Asia-Pacific
5.4.4 Middle East and Africa
5.4.4.1 GCC
5.4.4.2 South Africa
5.4.4.3 Rest of Middle East and Africa
5.4.5 South America
5.4.5.1 Brazil
5.4.5.2 Argentina
5.4.5.3 Rest of South America
6. COMPETITIVE LANDSCAPE
6.1 Company Profiles
6.1.1 Formlabs
6.1.2 3D Systems Inc.
6.1.3 Peopoly
6.1.4 Asiga
6.1.5 Tiertime
6.1.6 Tasly Holding Group
6.1.7 UnionTech
6.1.8 Zortrax
6.1.9 Rayshape
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
Vat Photopolymerization 3D Printing Technology Industry Segmentation
As per the scope of the report, vat photopolymerization is a category of additive manufacturing (AM) processes that create 3D objects in medicine by selectively curing liquid resin through targeted light-activated polymerization.
The vat photopolymerization 3D printing technology market is segmented by component, technology, application, and geography. By component, the market is segmented into hardware, software, services, and materials. By technology, the market is segmented into stereolithography (SLA), digital light processing (DLP), and continuous digital light processing (CDLP). By application, the market is segmented into dentistry, orthopedics, tissue engineering, and other applications. By geography, the market is segmented into North America, Europe, Asia-Pacific, the Middle East and Africa, and South America. The market report also covers the estimated market sizes and trends for 17 countries across major regions globally. The report offers market sizes and forecasts in value (USD) for the above segments.
| By Component | |
| Hardware | |
| Software | |
| Services | |
| Materials |
| By Technology | |
| Stereolithography (SLA) | |
| Digital Light Processing (DLP) | |
| Continuous Digital Light Processing (CDLP) |
| By Application | |
| Dentistry | |
| Orthopedics | |
| Tissue Engineering | |
| Other Applications (Advanced Drug Delivery Systems, Oral Dosage Forms, and Others) |
| Geography | ||||||||
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Vat Photopolymerization 3D Printing Technology Market Research FAQs
How big is the Vat Photopolymerization 3D Printing Technology Market?
The Vat Photopolymerization 3D Printing Technology Market size is expected to reach USD 2.17 billion in 2024 and grow at a CAGR of 26.02% to reach USD 6.90 billion by 2029.
What is the current Vat Photopolymerization 3D Printing Technology Market size?
In 2024, the Vat Photopolymerization 3D Printing Technology Market size is expected to reach USD 2.17 billion.
Who are the key players in Vat Photopolymerization 3D Printing Technology Market?
Formlabs, Rayshape, Peopoly, Asiga. and Tiertime are the major companies operating in the Vat Photopolymerization 3D Printing Technology Market.
Which is the fastest growing region in Vat Photopolymerization 3D Printing Technology Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Vat Photopolymerization 3D Printing Technology Market?
In 2024, the North America accounts for the largest market share in Vat Photopolymerization 3D Printing Technology Market.
What years does this Vat Photopolymerization 3D Printing Technology Market cover, and what was the market size in 2023?
In 2023, the Vat Photopolymerization 3D Printing Technology Market size was estimated at USD 1.61 billion. The report covers the Vat Photopolymerization 3D Printing Technology Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Vat Photopolymerization 3D Printing Technology Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Vat Photopolymerization 3D Printing Technology Industry Report
Statistics for the 2024 Vat Photopolymerization 3D Printing Technology market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Vat Photopolymerization 3D Printing Technology analysis includes a market forecast outlook for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
