Medical Device Additive Manufacturing Market with Leading Key Insights – Vaupell, STRATASYS, Allevi, Materialise NV, GE Additives, 3D Systems

Additive manufacturing is a technique used for manufacturing rapid prototypes as well as functional parts. The use of additive manufacturing in the medical industry has increased in the recent years owing to technological advancements. With the rising adoption of additive manufacturing in the healthcare sector, the scope for customization and innovation of medical devices has increased considerably over the last few years.

The medical device additive manufacturing market is expected to reach US$ 4,440.5 million by 2027 from US$ 1,350.4 million in 2019; it is estimated to grow at a CAGR of 16.2% from 2020 to 2027.

Download sample PDF Copy @ https://www.theinsightpartners.com/sample/TIPHE100000975/?openpr-10144

Based on technology, the medical device additive manufacturing market is segmented into laser sintering, stereolithography, electron beam melting, and extrusion. In 2019, the laser-sintering segment accounted for the largest share of the market. The growth of the market for this segment is attributed to the fact that there is no need to provide support structures for fragile and thin parts of devices, unlike the devices produced with the use of stereolithography. Further, high precision in geometries achieved by laser sintering is not possible with any other technology, which would contributes dominance of this segment in the market in the coming years.

Additive manufacturing is majorly beneficial in medical fields such as production of new orthopedic products, fabrication of customized maxillofacial prostheses, and casting of dental implants. Further, it is also receiving attention as a method used in biomedical modeling and organ printing. The increase in demand for additive manufacturing has encouraged medical device manufacturing companies to invest significantly in the development of commercial models and reduction of the cost of modeling.

Additive manufacturing (AM), also known as 3D printing, holds great potential to transform the conventional process of manufacturing of medical products and components. Additive manufacturing allows companies to provide extensive customization based on the individual patient requirements for medical applications. This helps save time and efforts by allowing the manufacturing of medical devices and implants that are ideal fit for patient’s needs. The technique helps overcome the constraints of traditional manufacturing methods—mainly associated with the mass customization; fabrication; milling, casting, and forging; and so on.

Medical Device Additive Manufacturing Market– by Technology

Laser Sintering
Stereolithography
Electron Beam Melting
Extrusion
Medical Device Additive Manufacturing Market– by Product

Surgical Instruments
Implants and Prosthetics
Surgical Guides
Tissue Engineering
Other Products

Medical Device Additive Manufacturing Market– by Application

Orthopedic
Dental
Craniomaxillofacial
Bioengineering

Buy Complete Report @ https://www.theinsightpartners.com/buy/TIPHE100000975/?openpr-10144

Further, axial3D, a company developing automated 3D printing solutions for healthcare sector, announced the completion of a funding round for raising US$ 3 million in funds to expand its operations in the US. Thus, the increasing demand for the additive manufacturing technology in healthcare, leading to rising investments by market players for its advancement, fuels the growth of the medical device additive manufacturing market.

About Us:
The Insight Partners is a one stop industry research provider of actionable intelligence. We help our clients in getting solutions to their research requirements through our syndicated and consulting research services. We are a specialist in Life Science, Technology, Healthcare, Manufacturing, Automotive and Defense, Food Beverages, Chemical etc.

Contact Us:
Call: +1-646-491-9876
Email: sales@theinsightpartners.com

This release was published on openPR.