3D Printing Printed Medical Devices Market will reach USD 7.92
Luton, Bedfordshire, UK, Sep 06, 2022 (GLOBE NEWSWIRE) — Accuracy Consultancy, the market research and consultancy wing of Improve Digital Consultancy Private Limited, has completed and published the final version of the report of detailed research on 3D Printing Medical Devices Market.
The global 3D printing medical devices market is expected to reach USD 7.92 billion by 2029, from USD 2.07 billion in 2020, growing at a CAGR of 16.1% from 2022 to 2029.
The demand for 3D printed medical devices is booming due to the many benefits they offer. They are widely used by surgeons to reduce the duration of anesthesia and to plan surgical procedures. Dental restorations, orthopedic implants, external prostheses, etc. are some examples of 3D printed medical devices. This should drive sales of 3D printing materials for years to come.
Three-dimensional (3D) printing is a rapidly developing technology that has the potential to bring significant improvements to surgical practices requiring surgical equipment. It is a type of manufacturing process in which materials such as plastic or metal are layered together to create a three-dimensional product from a digital model. Orthopedics was one of the first medical specialties to use 3D printing. It is used by orthopedic surgeons in their clinical practice for patient-specific orthopedic purposes.
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Insight: SLM Solutions partnered with Canwell Medical in 2020. This partnership will allow Canwell Medical to use SLM machines to manufacture 3D printed surgical implants. Application and technical assistance as well as research and development support will be provided to Canwell Medical to move towards mass production and product certification.
Insight: In March 2021, Stratasys Ltd. launched a Poly Jet J5 DentaJet 3D printer for dental laboratories.
Regional outlook- North America is expected to hold the largest share of the global 3D printed medical device market. North America (3D printed medical device market) had the highest share, accounting for 41% of the total market. The existence of the United States, the world’s largest producer and consumer of medical devices, particularly surgical tools, contributes to the region’s growth.
Product portfolio: The company has a product portfolio in the 3D printed medical device market that includes:
3D Printed Medical Devices Market: The proliferating applications of 3D bioprinting are expected to drive the market demand for 3D printed medical devices. The presence of major industry players leading strategic initiatives will drive the market share. Bioprinters, also known as 3D bioprinters, are automated tools that enable the additive manufacturing of 3D functional tissues and organs using digital models created using various scans and biomaterials. Depending on the type of biomaterials used, these bioprinters work on different mechanisms and are often used for different purposes.
3D Printed Medical Devices Market Scope and Segmentation
|Attributes||Details (current scenario)|
|CAGR (3D Printed Medical Devices Market)||16.1% (Analysis of the current market)|
|Main competitors||Stratasys, Ltd., 3D Systems Corporation, EnvisionTEC GmbH, Materialize NV, SLM Solutions, EOS GmbH, Concept Laser GmbH, Renishaw plc, Prodways Group.|
|Personalization available||Yes, the report can be customized according to your needs. (Free 15% customization)|
|delivery format||PDF and Excel by e-mail|
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These responses will include a comprehensive review of the following:
- Current market infrastructures
- Opportunities and Challenges in the 3D Printed Medical Devices Market
- Future growth potential in specific industries
- Main geographical and 3D printing market segments of printed medical devices to be targeted, and target groups of end users and their potential operational volumes
- Representing and dispatching value chain opportunities
- 3D Printing Printed Medical Devices Market size and growth rate through the forecasted period.
- The main drivers of the market
- Major trends in the 3D printed medical devices market are hampering the market expansion.
- Obstacles to market expansion.
- The best merchants in the 3D printed medical device market.
- In-depth SWOT analysis
- Threats and opportunities faced by the current vendors in the 3D Printed Medical Devices Market.
- Trending factors that are affecting the 3D Printed Medical Devices Markets across various regions.
- Initiatives with a strategic focus on the best suppliers.
- PEST study of the five main market regions.
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