Global 3D Printed Medical Devices Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027
MarketResearch.biz, in its upcoming report titled, “Global 3D Printing Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”, offers in-depth insights, revenue details, and other vital information regarding the global 3D printing market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2027. The report also offers insightful and detailed information regarding the various key players operating in the global 3D printing market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global 3D printing market is estimated to exhibit a XX.X% CAGR in terms of value during the forecast period 2017–2027. The global market report has been segmented on the basis of component, technology, application, and region.
Advanced process with high degree of accuracy, efficient use of raw materials, ability to build customized products to offer patient specific treatment, and high competency techniques over traditional techniques are advantages of 3D printing in the healthcare industry. Technologies used to create 3D printed devices include stereolithography (SLA), selective layer sintering (SLS), digital light processing (DLP), fused deposition modelling (FDM), polyjet / inkjet 3D printing, and electronic beam melting (EBM). 3D printing technology is used to develop a wide variety of medical devices such as orthopedic implants, prosthetics, dental implants, and hearing aids, etc. Furthermore, 3D printing technology is also used by hospitals and academic institutes to develop models for training purposes.
Major factors driving growth of the global 3D printed medical devices market include rising prevalence of chronic diseases such as peripheral vascular diseases, diabetes-related gangrene cases, osteoarthritis, cases related to dental issues or facial disorders. In addition, factors such as increasing incidences of accidents, increasing geriatric population, rising awareness regarding personal care, and government initiatives for R&D activities and product innovations are expected to fuel growth of the global 3D printed medical devices market over the forecast period.
High cost involved for production, 3D printing software and installation are major factors restraining growth of the global 3D printing market. Moreover, lack of skilled, qualified practitioners and labors to follow standard protocol are factors restraining the global 3D printing market. However, increasing competition among major key players is expected to result in cost reduction of 3D printing products which in turn will further increase product demand.
North America market is dominating the global 3D printed medical devices market, followed by Europe. North America market is holds major share in the global market owing to high development of 3D technology, and rising demand for organ transplants across this region.
Market segmentation and key players operating in the global market:
Global market segmentation by Material:
- Biomaterial Inks
- Metals and Alloys
Global market segmentation by technology:
- Stereolithography (SLA) – Liquid
- Based 3D Printing
- Selective Laser Sintering (SLS) –Powder Based 3D Printing
- Digital Light Processing(DLP)
- Fused Deposition Modeling (FDM): Plastic Filament Extrusion Based Technology
- Electronic Beam Melting (EBM)
- PolyJet / InkJet 3D Printing
Global market segmentation by type:
- Orthopaedic Implants
- Dental Implants
- Cranio-maxillofacial Implants
- Internal and External Prostheses
Global market segmentation by application:
- Diagnostic Centers
- Ambulatory Surgical Centres (ASCs)
Global market segmentation by region:
- North America
- Asia Pacific
- Rest of the World
Particular Scope Region
- North America
- Rest of Europe
- Asia Pacific
- South Korea
- Rest of Asia Pacific
- Latin America
- Rest of Latin America
- Middle East and Africa
- South Africa
- Rest of Middle East and Africa
Actual Year 2019 Estimated Year 2020 Forecast Period 2020–2029 Revenue in US$
- Stratasys Ltd.
- Concept Laser GmbH
- 3D Systems Corporation
- Arcam AB
- Optomec Inc.
- Microtec Gesellschaft Fur Microcomputervertrieb MBH
- EOS GmbH
- The ExOne Company
- Materialise NV
- Beijing Tiertime Technology Co. Ltd.
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