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Medical Industry Promote 3D Printing in Medical Applications Market

06-28-2018 07:39 AM CET | Health & Medicine

Press release from: P&S Market Research - Biotechnology

Medical Industry Promote 3D Printing in Medical Applications

The global 3D printing in medical applications market is growing significantly due to increasing demand for speedy medical solutions in the industry. Massive unexplored market in 3D printing industry of developing economies are creating ample opportunities for the 3D printing in medical applications market to grow at a considerable rate in the coming years.The advanced research and development facilities by the companies are supporting the demand of the 3D printing in medical applications industry.

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On the basis of applications, the 3D printing market can be categorized as medical implants, bioengineering, surgical guides and surgical instruments. The medical implant segment is expected to grow at the fastest rate among all applications in the coming years. Medical implants are further segmented as dental implants, orthopedic implants and cranio-maxillofacial implants. Moreover, medical guides are further segmented as orthopedic surgical guide, dental surgical guide and cranio-maxillofacial surgical guide. On the basis of technology of 3D printing in medical applications, the market can be categorized as electron beam melting, photopolymerization, laser beam melting, and droplet deposition manufacturing.

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Some of the factors driving the growth of 3D printing in medical applications market are increasing number of applications, rise in government and private funding, reduction in time and cost of medical procedures, rise in customized 3D printed medical products, and technological advancement in order to broaden the scope of medical applications.

Geographically, North America will be leading the global 3D printing in medical applications market in the coming years, due to technological advancement to broaden the scope of medical applications. Moreover, Europe is the fastest growing region in the global 3D printing in medical applications market. The major reason for the fastest growth in the region is increasing government funding in 3D printing market.

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Some of the companies operating in the 3D printing in medical applications market are Eos GmbH Electro Optical Systems, Materialise NV, EnvisionTEC GmbH, 3D Systems Corporation, Nanoscribe GmbH, Voxeljet Technology GmbH, and Stratasys Ltd.

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