3D Printing Medical Device Market - An Insight On the Important Factors and Trends Influencing the Market

3D printing or an additive manufacturing is a process that uses a layer by layer method approach to create a real or physical object from a digital design. The technology is still in its early stage in healthcare and holds strong potential for a wide variety of medical applications. The global market for 3D printing medical devices has witnessed massive advancements in the past few years and several new 3D printing technologies, materials, and devices have entered the global marketplace.

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By component, the global 3D printing medical device market is segmented into printer, material, software and services. Of these, the segment of software and services contributed the largest share to the global market in 2016 and is anticipated to grow at a decent compound annual growth rate during forecast period owing to increased support and maintenance services provided by this segment.

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This is the result of already installed printers in the market, and to provide installation services, support and maintenance of these printers, there is a growing demand for software and services segment. Over the forecast period, the materials segment is anticipated to grow at a prominent rate.

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Extensive technological advancements occurring in the 3D printing sector since the advent of this concept is primarily responsible for the global 3D printing market to depict a fantastic performance. This is mainly due to the ample applications of the technology in the field of medicine, apart from being equally useful in construction, automobile, and military.

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