The 3D Printing Medical Devices Market should see a stand-out year in 2020 | Fortune Business Insights(TM)

The global 3D printing medical devices market is expected to witness considerable growth as demand for 3D printers in manufacturing surgical equipment rises. According to the Guardian, the technology is supposed to be worth $ 1.3 billion approximately by 2021. Key insights into this unique market have been provided by Fortune Business Insights in its report, titled " 3D Printing Medical Devices Market Size, Share and Global Trend By Products (Dental Products, Cardiovascular Products, Neurological products, Orthopedic Products, Cranio-maxillofacial products), By Technology (Fused Deposition Modelling, Bioprinting, Selective Laser Sintering, Electron Beam Manufacturing, Stereo-lithography), By Application (Medical, Pharmaceutical, Others), By End User (Hospitals, Research Centers), and Geography Forecast till 2026". The report analyses various factors that can potentially influence the market. 3D printers, also known as additive manufacturing printers and fabrication printers, design and build three-dimensional models and products of services and components. They build 3D designs and directly create the end product using computer-aided design software.

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Leading Players operating in the [] are:

Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:

o Arcam AB (Sweden),
o Renishaw plc (UK),
o Organovo Inc. (USA),
o Concept Laser GmbH (Germany),
o General Electric (USA),
o Cyfuse Biomedical (Japan),
o few others.

Market Growth Expected to be Restrained
3D printing technology comes with its share of disadvantages. One of its biggest restraining factors is the high cost of 3D printed medical products such as implants and devices. Therefore, for the global 3D printing medical devices market to grow at a faster pace, 3D printed medical products need to become more cost-effective for patients. Since it's a relatively new technology, there is limited technical expertise to operate and maintain 3D printers. 3D printers are also not easily available in developing countries. Lastly, 3D printers in any field are not environment friendly as building ending products requires plastic. This can have a negative impact on the growth and development of the global 3D printing medical devices market in the forecast period.

Market Segmentation:
By Products
o Dental Products
o Cardiovascular Products
o Neurological products
o Orthopedic Products
o Cranio-maxillofacial products
o Others
By Technology
o Fused Deposition Modelling (FDM)
o Bioprinting
o Selective Laser Sintering (SLS)
o Electron Beam Manufacturing (EBM)
o Stereo-lithography
o Binder Jetting
o Others
By Application
o Medical
o Pharmaceutical
o Others
By End User
o Hospitals
o Research Centers
o Pharmaceutical & Biotechnology Companies
o Others
By Geography
o North America (USA and Canada)
o Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
o Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
o Latin America (Brazil, Mexico, and Rest of Latin America)
o Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)

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