Press release
3D Printing Medical Devices Market Forecast to 2025 by Key Players Like Philips, EnvisionTEC, 3D Systems Corporation, Stratasys, EOS, Renishaw, Anatomics, Organovo Holdings, Inc., SLM Solutions Group AG, Carbon, PRODWAYS GROUP and More
The market insights gained through this 3D Printing Medical Devices Market research analysis report facilitates more defined understanding of the market landscape, issues that may interrupt in the future, and ways to position definite brand excellently. This 3D Printing Medical Devices Market report has been prepared by considering several fragments of the present and upcoming market scenario. It consists of most-detailed market segmentation, thorough analysis of major market players, trends in consumer and supply chain dynamics, and insights about new geographical markets. The market insights covered in 3D Printing Medical Devices Market report simplifies managing marketing of goods and services effectively.The report is generated by performing high level market research analysis of key marketplace segments to identify opportunities, challenges, drivers, and market structures for clients. Strategically analyzed facts and figures of the market and keen business insights covered in this 3D Printing Medical Devices Market report would be a key aspect in achieving enduring business growth. This 3D Printing Medical Devices Market research report encompasses different industry verticals for Medical Devices industry such as company profile, contact details of manufacturer, product specifications, geographical scope, production value, market structures, recent developments, revenue analysis, market shares and possible sales volume of the company.
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3D printing is an additive manufacturing device. Through 3D printing 3D pictures can be generated by piling up the successive layers of raw material. In this the new layer is attached over the older layer. 3D objects can be produced from digital 3D file like computer-aided design (CAD) drawing or through a magnetic resonance image (MRI). 3D printing medical devices are used in producing the orthopedics, cranial implants, surgical instruments, dental restorations such as crowns, and external prosthetics. These are a combination of innovative technology, 3D print materials, services and medical-industry experts that helps in clinical researches and economic values.
FDA finalizes the guidance for 3D Printed medical device manufacturers for design, testing and related issues regarding additive for 3D printing devices. According to Global Manufacturing Competitiveness Index in 2016, United States is the second highest in 3D printing technology and total 17% total technology is contributed by United States.
The global 3D printing medical devices market is expected to reach USD 2.01 billion by 2025, from USD 0.83 billion in 2017 growing at a CAGR of 11.6% during the forecast period of 2018 to 2025.
Key Developments in the Market
In September 2018, Wacker Chemie AG (Germany) announced the opening of US 3D printing lab for silicone rubber. Through this the company would expand its business for 3D printing technology in U.S.
In November 2017, Koninklijke Philips N.V, announced the agreement with 3D Systems and Stratasys. Through this agreement the company strengthen their anatomical knowledge that would enhance the impact on clinical trial reviewing complex and multi-disciplinary cases.
Major Market Competitors/Players: Global 3D Printing Medical Devices Market
• Koninklijke Philips N.V,
• ENVISIONTEC INC,
• 3D Systems Inc,
• Stratasys Ltd.,
• Envisiontec GmbH,
• EOS GmbH Electro Optical Systems,
• Renishaw plc,
• Anatomics Pty Ltd.,
• Biomedical Modeling Inc.,
• Organovo Holdings, Inc.,
• SLM Solutions Group AG,
• Carbon Inc,
• Prodways Group,
• Concept Laser GmbH,
• 3T RPD Ltd,
• Arcam AB,
• Wacker Chemie AG,
• Concept Laser GmbH,
• FIT AG,
• Among others
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Major Market Drivers and Restraints:
Increasing demand of applications of 3D printing technology in the healthcare industry
Rising public-private funding for 3D printing activities
Technological Advancements in 3D Printing
Lack of trained care takers for efficient operation of patient handling equipments.
Lack of trained professionals.
Socio-ethical concerns related to the use of 3d-printed products.
Increasing demand for organ transplant.
Reconfiguration of supply chain models of medical device manufacturers.
Market Segmentation:
By Technology:
• Laser Beam Melting
• Photopolymerization
• Electron Beam Melting
• Droplet Deposition Or Extrusion-Based Technologies
• 3dp Or Adhesion Bonding Or Binder Jetting.
By Component:
• Equipment
• Materials
• Services & Software
By Type:
• Surgical Guides
• Surgical Instruments
• Prosthetics and Implants
• Tissue Engineering Products
Based on geography:
• North America
• South America
• Europe
• Asia-Pacific
• Middle East & Africa
Customization of the Report
All segmentation provided above in this report is represented at country level.
All products covered in the market, product volume and average selling prices will be included as customizable options which may incur no or minimal additional cost (depends on customization).
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About Us:
Data Bridge Market Research set forth itself as an unconventional and neoteric Market research and consulting firm with unparalleled level of resilience and integrated approaches. We are determined to unearth the best market opportunities and foster efficient information for your business to thrive in the market. Data Bridge endeavors to provide appropriate solutions to the complex business challenges and initiates an effortless decision-making process.
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Data Bridge Market Research
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Email: sopan.gedam@databridgemarketresearch.com
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