3D Printing Medical Devices Market Analysis 2018-2025: FabRx Ltd., Organovo Holdings,EOS GmbH Electro Optical Systems, EnvisionTEC, 3D Systems, Inc., Cyfuse Biomedical K.K., Bio3D Technologies, Arcam AB, Stratasys Ltd., and SLM Solutions Group AG

Industry Trends Analysis
The 3D printing medical devices marketis expected to be around $9.8billion by 2025.This can be attributed to growing prevalence of osteoarthritis in elderly people, rise in number of injuries related to dental and cranio-maxillofacial due to increase in incidences of accidents, and increased awareness regarding personal care.Ease of development of customized medical products with 3D printing technology is another vital factor responsible for the growth of this market. High cost of printers and stringentregulatoryprocessesfor the approval of 3D-printed medical devicesare some of the factors restraining themarket growth.

Component Outlook and Trend Analysis
Plastics segment held a major share of the market in 2016, due to the fundamental utility of plastic in these devices. This segment accounted for more than two-third share of the global market in 2016. Biomaterial inks market is anticipated to grow at the fastest rate from 2017 to 2025 as these inks are the fundamental components required for 3D bio-printing.

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Technology Outlook and Trend Analysis
Selective laser sintering (SLS) 3D printing market was the largest market in 2016. This technology scans X&Y cross-sections on the surface of a powder bed to selectively fuse powdered material. PolyJet / inkjet 3D printing market is projected to dominate the segment over the forecast period. This is attributed to factors such as ability of polyjet printers to ensure precise details and smooth surfaces, its growing demand and increasing applications in tissue engineering and regenerative medicine.

Application Outlook and Trend Analysis
Orthopedic implants segment accounted for the largest share of the overall market in 2016.3D printing has enormous applications in orthopedics to develop patient specific orthopedic implants and casts, which perfectly match the individual’s anatomy. Therefore, this segment is expected to outgrow the other applications during the forecast period.

Regional Outlook and Trend Analysis
North America occupied the largest share of the 3D printing medical devices market in 2016. This growthis attributed to high adoption of technologically advanced products in the region along with emphasis on research and development initiatives. Asia-Pacific market will witness considerable growth during the forecast period due to rising awareness about 3D printing technology for medical devices and favorable government initiatives towards the development of 3D technology. For instance, in April 2014, the Japanese governmentagreed to donate $36.5 million to a consortium of Japanese companies to develop next generation 3D printers for healthcare and aerospace applications.

Competitive Analysis
Product development is one of the key strategies adopted by the companies to strengthen their product portfolio and sustain their positions in the market. For example, in March 2017, 3D systems, one of the largest players in 3D printing market, launched a next generation dental manufacturing platform based on their Figure 4 technology.This technology is expected to deliver better and more predictable treatments along with reduction in operational costs.

Some of the major players in the global 3D printing medical devices market are FabRx Ltd., Organovo Holdings,EOS GmbH Electro Optical Systems, EnvisionTEC, 3D Systems, Inc., Cyfuse Biomedical K.K., Bio3D Technologies, Arcam AB, Stratasys Ltd., and SLM Solutions Group AG.

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Market Opportunities
3D printing is set to revolutionize every single industry, from printing organs and prosthetic limbs, to space stations, science, manufacturing, and many more. It will have powerful impact over the next 10 years as it offers better clinical outcomes and improved economics for doctors and/or patients.This will provide opportunities to speed up the process of medical device prototype development and improve patient care through customized products as well as develop anatomical models for surgical preparations.

3D Printing Medical Devices Market Segmentation:
By Component:
3D Printing Equipment
3D Printers
3D Bioprinters
Materials
Plastics
Thermoplastics
Photopolymers
Biomaterial inks
Polymers
Ceramics
Hydrogels
Metals and Alloys
Services and Software

By Technology:
Digital Light Processing (DLP)
Selective Laser Sintering (SLS) –Powder Based 3D Printing
Electronic Beam Melting (EBM)
Stereolithography (SLA) – Liquid Based 3D Printing
Fused Deposition Modeling (FDM): Plastic Filament Extrusion Based Technology
PolyJet / InkJet 3D Printing

By Application:
Cranio-maxillofacial Implants
Orthopedic Implants
Dental Implants
Internal and External Prostheses

By End User:
Hospitals
Ambulatory Surgical Centers
Diagnostic Centers

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By Region:
North America
U.S
Canada
Mexico
Europe
Germany
France
UK
Italy
Spain
Rest of Europe
Asia-Pacific
Japan
China
Australia
India
South Korea
Rest of Asia-Pacific
Rest of the World
Brazil
South Africa
Saudi Arabia
Turkey
United Arab Emirates
Others

Some of the key questions answered by the report are:
What was the market size in 2016 and forecast from 2017 to 2025?
What will be the industry market growth from 2017 to 2025?
What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
What are the major segments leading the market growth and why?
Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?

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