3D Printing Medical Devices Market Trends, Key Players, Overview, Competitive Breakdown and Regional Forecast by 2025
The Global 3D Printing Medical Devices market was valued at USD 1378.6 Million in 2019 and is projected to surpass USD 3790.8 Million by 2026, expanding at CAGR of 18.54% during the forecast period, 2020 – 2026. The growth of the market is attributed to the technological advancements, increasing public and private funding for 3D printing activities, easy development of customized medical products, and growing applications in the healthcare industry.
3D printing is a process that manufactures a three-dimensional object by building successive layers of raw material. Medical devices produced by 3D printing technology helps medical device manufacturers to achieve high complexity, high sterilization, and digital monitoring, all at reduced overall costs. The use of 3D printing helps in the creation of customized implants with exact geometric features and complex shapes to match the contours of the individual’s body.
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