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3D Printing Medical Devices Market Share, Growth & Industry Forecast Report, 2020-2027

04-06-2021 01:17 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: GMI Research

Growth opportunities in the 3D printing medical devices market look promising over the next six years. This is mainly due to the continuous technological advancements in the 3D printing industry, the growing direct digital manufacturing process, increasing public-private funding for 3D printing activities, followed by the rising adoption of 3D printed medical devices in many medical applications.

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3D Printing Medical Devices Market Dynamics (including market size, share, trends, forecast, growth, forecast, and industry analysis)

Key Drivers

The key drivers supporting the growth of the global 3D printing medical devices market are the augmenting private-public funding for the devices and the ongoing technological innovations in the industry. The growing adoption of 3D printed medical devices in several medical uses like 3D printed dental and orthopaedic devices will further augment the market growth during the forecast period. Leading manufacturers continuously focus on product innovations and advancements to introduce new designs with personalization depending on the patient-specific requirements. Continuous advancement in technology is expected to propel the market growth over the forecast period. With the increase in organ failure cases, the patients are encouraged to choose organ implant, thus fuelling the demand for the global 3D printing medical devices.

Additionally, the expiry of patents in the 3D printing industry and the direct digital manufacturing process will further stimulate the growth of medical devices over the coming years. However, the strict regulatory process associated with 3D Printed Medical Devices' approval, the high cost of 3D printing medical products, and the lack of trained professionals will hinder the global 3D printing medical devices.

To Know More About 3D Printing Medical Devices Market - https://www.gmiresearch.com/report/global-3d-printing-medical-devices-market/

Regional Drivers

Based on the regional coverage, Asia-Pacific is projected to expand at the faster CAGR over the forecast period due to the development of new 3D printing research & training centres with more technical competence for operating and maintaining the 3D printers. Moreover, the leading market players emphasize on the augmentation of their distribution channels across developing countries like China, India, and Japan, which will further fuel the demand for the 3D printing medical devices market. For example, EnvisionTEC signed an agreement with DKSH to expand EnvisionTEC's 3D printing solutions market across Malaysia, Taiwan, the Philippines, Vietnam, and Singapore. The expansion of multinational giants coupled with the innovations in the 3D medical printing technology will result in new opportunities in the Asian 3D Printing Medical Devices market.

3D Printing Medical Devices Market’s leading Manufacturers:

• Prodways Group
• 3T Additive Manufacturing Ltd.
• Renishaw plc.
• 3D Systems, Inc.
• EnvisionTEC
• Concept Laser GmbH
• Arcam AB
• EOS GmbH Electro Optical Systems
• Stratasys Ltd.
• Materialise

3D Printing Medical Devices Market Segmentation:

Segmentation by Technology:
• Laser Beam Melting
o Direct Metal Laser Sintering
o Selective Laser Sintering
o Selective Laser Melting
o Lasercusing
• Photopolymerization
o Digital Light Processing
o Stereolithography
o Two-Photon Polymerization (2PP)
o Polyjet 3D Printing Technology
• Electron Beam Melting
• Droplet Deposition or Extrusion-Based Technologies
o Fused Deposition Modelling (FDM)
o Multiphase Jet Solidification
o Low-Temperature Deposition Manufacturing
• Three-Dimensional Printing (3DP) or Adhesion Bonding or Binder Jetting

Segmentation by Component:
• Equipment
o 3D Printers
o 3D Bioprinters

• Materials
o Plastics
o Thermoplastics
o Photopolymers
o Metal and Metal Alloy Powders
o Bioprinting Biomaterials
o Others

• Services & Software

Segmentation by Type:

• Surgical Guides
o Dental Guides
o Craniomaxillofacial Guides
o Orthopedic Guides

• Surgical Instruments
o Surgical Fasteners
o Scalpels
o Retractors

• Prosthetics and Implants
o Standard Implants
o Custom Implants
o Custom Orthopedic Implants
o Custom Dental Implants
o Custom Craniomaxillofacial Implants

• Tissue Engineering Products
o Bone and Cartilage Scaffolds
o Ligament and Tendon Scaffolds

Segmentation by Region:

• North America
o United States of America
o Canada

• Asia Pacific
o China
o Japan
o India
o Rest of APAC

• Europe
o United Kingdom
o Germany
o France
o Spain
o Rest of Europe

• RoW
o Brazil
o South Africa
o Saudi Arabia
o UAE
o Rest of the world (remaining countries of the LAMEA region)

Media Contact

Company Name: GMI RESEARCH
Contact Person: Sarah Nash
Email: enquiry@gmiresearch.com
Phone: Europe – +353 1 442 8820; US – +1 860 881 2270
Address: Dublin, Ireland
Website: www.gmiresearch.com

About GMI Research

GMI Research is a market research and consulting company that offers business insights and market research reports for large and small & medium enterprises. Our detailed reports help the clients to make strategic business policies and achieve sustainable growth in the particular market domain. The company's large team of seasoned analysts and industry experts with experience from different regions such as Asia-Pacific, Europe, North America, among others, provides a one-stop solution for the client. Our market research report has in-depth analysis, which includes refined forecasts, a bird's eye view of the competitive landscape, key factors influencing the market growth, and various other market insights to aid companies in making strategic decisions. Featured in the 'Top 20 Most Promising Market Research Consultants' list of Silicon India Magazine in 2018, we at GMI Research are always looking forward to helping our clients to stay ahead of the curve.

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