“The Global 3D Printing Medical Devices Market was valued at US$ 983.7 Mn in 2018 and is expected to grow at a significant CAGR over six years forecast period 2019-2025 owing to the growing applications of 3d printing in the healthcare industry”
Precision Business Insights (PBI) in its report titled “Global 3D Printing Medical Devices Market: Market Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2018 and Forecast 2019-2025” assesses the market performance over six years forecast period over 2019-2025. The report analyses the market value forecast and provides the strategic insights into the market driving factors, challenges that are hindering the market revenue growth over forecast period.
The global 3D printing medical devices market was valued at US$ 983.7 Mn in 2018 and growing at a CAGR of XX% over the forecast period owing to dynamics such as constant technological improvements in 3D printing, surge in public and private investments to advance novel 3D printing technologies, increase in adoption of 3D-printed implants and organs are boosting the demand of healthcare 3D printing market. Moreover, rising demand of organ transplantation, strategic alliance of industry by collaborations and acquisitions to develop market share is shown in the 3D printing market report. Though, high cost related with advanced 3D printers, shortage of both structured regulatory frameworks and insurance plans, copyright and patent issues related with the 3D printing of patented products is anticipated to obstruct the market growth.
Global 3D printing medical devices market segmented on the basis of application, technology, raw materials, end user, and region.
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Implants segment accounted for higher revenue share
Based on application, global 3D printing medical devices market segmented Surgical Guides, Implants, Surgical Instruments, Bioengineering, and Others Implants market is expected to dominate the 3D printing medical devices market over the forecast period owing to increasing applications of implants such as orthopedic, dental, and crani-maxillofacial in the healthcare industry. Surgical instruments and bioengineering segments are expected to show significant growth rate over the forecast years.
North America holds leading position in Global 3D Printing Medical Devices Market
PBI’s global 3D printing medical devices market report analyses the market in different regions such as North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. According to regional analysis, North America is expected to account for larger revenue share in 2018 and the same trend is projected to follow over 2019-2025 owing to continuous advancements in technology, extensive adoption of the 3D printing technology in the region, upsurge in research & development investments, and numerous collaborations between academic & commercial organizations. Asia Pacific and Europe are expected to grow with a significant CAGR over the forecast period.
Recent Developments in the Global 3D Printing Medical Devices Market
- In May 2017, Stratasys Ltd extended its strategic partnership with Desktop Metal, Inc. (US) to accelerate the adoption and accessibility of metal additive manufacturing
- In May 2017, EnvisionTEC launched seven new materials, namely, Silicone TG, PCL 45K RG, LT Support RG, and HT Support RG for industrial and medical 3D printers
- In June 2017, 3D Systems collaborated with rms Company (US) to develop solid organ scaffolds for human transplantation. This will help the company to strengthen its product offerings..
Key player’s profiles in the report are FabRx Ltd. (UK), Organovo Holdings (U.S.), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC, 3D Systems Inc. (Germany), Bio3D Technologies (Singapore), Arcam AB (Sweden), and Stratasys Ltd. (U.S.).
- Surgical Guides
- Surgical Instruments
Droplet Deposition (DD)
Fused deposition modeling (FDM) technology
Low-temperature Deposition Manufacturing (LDM)
Multiphase Jet Solidification (MJS)
Stereo lithography (SLA)
Continuous Liquid Interface Production (CLIP)
Two-Photon Polymerization (2PP)
Laser Beam Melting
Selective Laser melting (SLM)
Selective Laser Sintering (SLS)
Direct Metal Laser Sintering (DMLS)
- Electronic Beam Melting (EBM)
- Laminated Object Manufacturing
- Biological Cells
- Specialty Clinics
- Ambulatory Surgical Centers
- North America
- Latin America
- Middle East and Africa (MEA)
By Raw Materials
By End User
- Rest of Europe
- Australia & New Zealand
- ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
- South Korea
- Rest of Asia-Pacific
- Rest of Latin America
Middle East and Africa (MEA)
- Gulf Cooperation Council (GCC) Countries
- South Africa
- Rest of MEA
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