Biocompatible 3D Printing Materials Market Racing Towards an Excellent CAGR of 13% by 2026

The global Biocompatible 3D Printing Materials Market was valued at USD 394.7 million in 2018 and is expected to reach USD 1,012.2 million in 2026, growing at a CAGR of 13.0% during the forecast period.

The biocompatible 3D printing materials are used in various medical applications including implants & prosthesis, prototyping & surgical guides, tissue engineering, and hearing aid. The 3D priniting technologies are developed to enhance the unique design freedom. The biocompatible 3D printing materials are becoming popular due to its reduced the lead time and excessive costs owing to tool-less processes.

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Rising Demand of biocompatible 3D printing materials in new medical applications and reduced production time and specifically tailored products are expected to drive the growth of the biocompatible 3D printing materials market.

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Growing pharmaceutical industries, growing demand for biocompatible 3D printing materials, particularly in the implants & prosthesis application, and mass customization of biocompatible 3d printing materials and reduced production time and specifically tailored products are the main drivers for the market growth of the global biocompatible 3D printing materials market over the forecast period. Moreover, increase in research and development in new medicals applications across the globe is expected to enhance the market size. This also expected to open investment opportunities in the global market for the manufacturers in the coming years. The rise in adoption of 3d printing technology in bioprinting organs and increase in government spending in 3D printing offers huge growth opportunities for biocompatible 3D printing materials market in the coming years.

However, high cost of materials and complexity of design are expected to hamper the growth of the global biocompatible 3D printing materials market during the forecast period. Moreover, producing low-cost 3d printing materials and developing FDA compliant 3d printing biomaterials are the prime challenges in the global biocompatible 3D printing materials market throughout the forecast period.

Key Findings:

Based on type, the polymer segment is expected to dominate the market with nearly 27% share in the global biocompatible 3D printing materials market in 2018
Based on form, the powder segment accounts of the largest share in the market and held for more than 45% of the total market in 2018.
Based on application, the tissue engineering segment is expected to dominate the market with nearly 25% share in the global biocompatible 3D printing materials market in 2018
North America accounted for nearly 43% share of the global biocompatible 3D printing materials market in 2018

Recent News:

In April 2019, 3D Systems, Inc. Partnered with Georg Fischer AG for innovation and expertise in additive manufacturing with GF Machining Solutions. It is working to efficiently produce complex metal parts within tight tolerances, and reduce total cost of operation.
In April 2019, 3D Systems expands its new Advanced Additive Manufacturing Center in Pinerolo, Italy.

Company Profiles and Competitive Intelligence:

The major players operating in the global biocompatible 3D printing materials market are:
Evonik Industries AG (Germany), 3D Systems, Inc. (US), Stratasys Ltd. (US), Concept Laser, GmBH (Germany), EOS GmBH Electro Optical Systems (Germany), Renishaw PLC. (UK), Formlabs Inc. (US), EnvisionTEC, Inc. (Germany), 3D Composites (US), and Aspect Biosystems Ltd. (Canada) among others.

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This release was published on openPR.