Published on : Feb 27, 2018
Albany, New York, February 27, 2018: A recently collated research report on the global 3D printing medical device has been broadcasted to the online repository of Market Research Hub (MRH), with the title of “3D Printing Medical Device Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2017 – 2025”. The research study provides a holistic overview of the global market, with a prime focus on regions such as North America, Europe, MEA, APAC and South America. In this 169-pages study, factors influencing the dynamic growth of the global 3D printing medical device market have been addressed. In addition, drivers, restraints, trends and growth opportunities have been disclosed.
Key Highlights from the Report
The 3D printing technology caters to the rising demands of personalized medical care by providing customized medical devices based on specific needs. Vast technological advancements witnessed in the field of 3D printing in the past few years which has given it a positive boost in global market. 3D printing is a process that uses a layer by layer method approach to create a real or physical object from a digital design. As per the research key findings, the global 3D printing medical device market was valued at US$823.0 mn in 2016 and is further anticipated to reach value of US$3513.0 mn by 2025. At this pace, the market will expand at a CAGR of 17.7% from 2017 to 2025.
Further, the report also mentions that the market has also seen a vast rise in its application areas in the recent years and continues to expand at a healthy rate. To give readers detailed insights and analysis on the 3D printing medical device market, the report offers segmentation on the basis of component, technology and end user. The detailed segmentation of the market are highlighted below:
- Technology segmentation includes electron beam melting, selective laser melting, selective laser sintering, photopolymerization, direct metal laser sintering and other.
- Printer, material, software & services are the prime components for 3D printing technology market. Of these, the segment of software and services contributed the largest share to the global market in 2016 and is anticipated to grow in the coming years as well.
- On the basis of aorthopedic & cranial implant, dental restorations, surgical instruments and others (tissue fabrication & external prosthesis). It has been analyzed that the great demand for these products across the globe are collectively working in favor of the global 3D printing medical device market.
- Geographically, the vast technological advancement in the North America medical industry is driving this regional market growth. Also, Asia Pacific is expected to observe strong growth in the adoption of 3D-printed medical devices during the forecast period.
The research further outlines key players that are anticipated to remain active in the expansion of the global 3D printing medical device market through 2026. Some of the chief players dominant in the market are Arcam AB, Cyfuse Biomedical K.K., 3D Systems Inc., FabRx Ltd., Organovo Holdings, SLM Solutions Group AG, EOS GmbH Electro Optical Systems, EnvisonTec, Materialise NV, and Concept Laser.
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