3D Printing Medical Devices Market To Report Impressive Growth, Revenue To Surge To US$ 2.34 Billion by 2024

With the presence of a large pool of participants, the Global 3D printing medical devices market is displaying a highly competitive business landscape, finds a new research report by Zion Market Research (ZMR). 3D Systems Corporation, EnvisionTec, Stratasys Ltd., Arcam AB, Organovo Holdings, Inc., Bio3D Technologies, Oxford Performance Materials Inc., Materialise NV, Cyfuse Biomedical K.K., and SLM Solutions Group AG are some of the key vendors of 3D printing medical devices across the world. These players are focusing aggressively on innovation, as well as on including advanced technologies in their existing products. Over the coming years, they are also expected to take up partnerships and mergers and acquisitions as their key strategy for business development, states the 3D printing medical devices market study.

Citing an instance, in September 2018, Resolution Medical – a Minneapolis- based firm specializing in the medical devices sector – entered into partnership with Carbon – a 3D printing firm – for adopting latter’s 3D printing technology for manufacturing its medical devices.

Browse the full "3D Printing Medical Devices Market by Components (System, Materials, and Software & Services), by Technology (3D printing, Droplet deposition, Photopolymerization, Laser beam melting, Electron beam melting (EBM), Laminated object manufacturing (LOM), and Others), by Application (External wearable devices, Clinical study devices, Implants, and Tissue engineering), by End-User (Medical and surgical centers, Pharma and biotech companies, and Academic institutions): Global Industry Perspective, Comprehensive Analysis and Forecast, 2017 – 2024" report at https://www.zionmarketresearch.com/report/3d-printing-medical-devices-market       

As estimated in this report, the global 3D printing medical devices market stood at US$0.89 billion in 2017. Witnessing a tremendous rise during the period from 2018 to 2024, the revenue in this printing medical devices market is expected to reach US$ 2.34 billion by the end of the forecast period. The main components available in this 3D printing medical devices market are System, Materials, and Software & Services.

Technological Innovations Witnessed In 3D Printing To Impel Market Growth

“Escalating advancements witnessed in 3D printing technology is likely to boost 3D printing medical devices market over the years ahead,” says the author of this 3D printing medical devices market study. Apart from this, growing public-private funding, easy development of customized medical products, and number of applications of 3D printing in the healthcare industry are majorly contributing towards the 3D printing medical devices market growth. In addition, significant cost savings benefits are expected to major drive the 3D printing medical devices market trends over the next few years.

Stringent regulatory process of 3D-printed medical devices and copyright & patent infringement concerns, however, can restrict the growth of 3D printing medical devices market in the ensuing years. Furthermore, biocompatibility issues associated with 3D printed medical devices and limited technical expertise may inhibit  the growth of the 3D-printed medical devices market.

Presence of Established Medical Infrastructure To Aid Regional Dominance

Regionally, North America has been leading the worldwide 3D printing medical devices market and is anticipated to continue on the dominant position in the years to come, states the 3D printing medical devices market study. The presence of a well-established medical and healthcare infrastructure and skilled healthcare professionals is the main factor behind the dominance of the North America 3D printing medical devices market. Large presence of major market players in North America is another significant factor that is supporting the growth of this regional 3D printing medical devices market.

The global 3D printing medical devices market is segmented as follows:

By Component

• System
• Materials
• Software & Services

By Technology

• 3D printing
• Droplet deposition
• Photopolymerization
• Laser beam melting
• Electron beam melting (EBM)
• Laminated object manufacturing (LOM)
• Others

By Application

• External wearable devices
• Clinical study devices
• Implants
• Tissue engineering

By End-User

• Medical and surgical centers
• Pharma and biotech companies
• Academic institutions

By Region

• North America
  • The U.S.
• Europe
  • UK
  • France
  • Germany
• Asia Pacific
  • China
  • Japan
  • India
• Latin America
  • Brazil
• The Middle East and Africa

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