Biocompatible 3D Printing Materials Market Size to Reach USD 2259.75 Million in 2028 | Reports and Data

Growing demand for biocompatible 3D printing materials in several medical applications is driving the market revenue growth

The global biocompatible 3D printing materials market size reached USD 467.26 Million in 2020 and is expected to reach USD 2259.75 Million in 2028 and register a CAGR of 22.1% over the forecast period, according to latest analysis by Reports and Data. The biocompatible 3D printing materials market revenue growth is propelled by numerous factors including mass customization of biocompatible 3D printing materials, and rising government investments in the integration of 3D printing technology in various medical applications. Furthermore, the biocompatible 3D printing materials are advantageous in terms of expediting production of medical devices by reducing the time that is generally required in converting a Computer Aided Design (CAD) to the physical part. Additionally, as compared to the high material utilization in various traditional methods, the 3D printing of biomaterials is highly energy efficient as well as environmentally-friendly, and this advanced printing can produce custom and specifically-tailored parts on demand, which are further promoting the overall revenue growth of the global biocompatible 3D printing materials market.

Three-dimensional (3D) printing is emerging as a trend for the fabrication of complex structures in the biocompatible 3D printing materials market. High accuracy, and layer-by-layer addition of various intelligent materials is paving the way for dynamic 3D structures for stakeholders and manufacturers in the market. Moreover, 3D printing has shown exponential growth in the production of scaffolds that are utilized in tissue engineering. Therefore, biocompatible 3D printing technology is being increasingly used for tissue regeneration in magneto-responsive polymers, and vascular tissue engineering applications, which are some of the factors also supporting the market revenue growth.

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Technological advancements and rapid digitization have streamlined the daily operations of the pharmaceutical industry. Increasing spending on medicine due to growing geriatric populace, rising incidence of chronic diseases, increasing number of product launches, and growing number of R&D activities are some key factors contributing to revenue growth of the market. Increasing focus on patient engagement solutions, rising focus to cater to growing unmet clinical demand, adoption of advanced technologies to streamline workflows in healthcare sector, and availability of skilled healthcare professionals has been positively impacting the pharma & healthcare industry. The emergence of COVID-19 pandemic has further increased focus on healthcare facilities, teleconsultation and telemedicine, and increased burden on the healthcare industry compelling governments and companies to invest heavily to cater to the growing global demand.

Further key findings in the report

• Based on application, the implants & prosthesis segment is predicted to account for the largest revenue share in the global market going ahead, owing to increasing demand from patients suffering from different critical health ailments, and growing number of accidents.

• The prototyping & surgical guides segment is expected to hold the second-largest revenue share in the global market during the forecast period. Prototyping & surgical guides made with biocompatible 3D printing materials, allowing clinical training, education, and device testing without the use of animal models and human cadavers, which is a major factor contributing to the revenue growth of this segment.

• North America market is predicted to hold the largest revenue share in the global market between 2021 & 2028, due to the presence of major biocompatible 3D printing companies, which are continually striving to increase their market share through innovation and expansion. Moreover, government initiative in substantial research with regard to healthcare for reducing the cost of several medical applications is another factor supporting the revenue growth of this regional market.

• Leading companies operating in the market are 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).

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For the purpose of this report, Reports and Data has segmented the global biocompatible 3D printing materials market on the basis of type, form, application, and region:

Type Outlook (Revenue, USD Million, 2018 - 2028)

• Polymer
• Metal
• Others

Form Outlook (Revenue, USD Million, 2018 - 2028)

• Powder
• Liquid
• Others

Application Outlook (Revenue, USD Million, 2018 - 2028)

• Implants & Prosthesis
• Prototyping & Surgical Guides
• Tissue Engineering
• Hearing Aids
• Others

Regional Outlook (Revenue, USD Million, 2018 - 2028)

• North America
o US
o Canada
o Mexico
• Europe
o Germany
o U.K.
o France
o Italy
o Spain
o BENELUX
o Rest of Europe
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Rest of APAC
• MEA
o Saudi Arabia
o UAE
o South Africa
o Rest of MEA

In conclusion, the report offers a comprehensive analysis of the factors expected to drive the global Biocompatible 3D Printing Materials market growth over the forecast period of 2021-2028. The report is an all-inclusive document covering the market landscape and a futuristic perspective on its growth and progress. The report also provides an analysis of the entry-level driving and restraining factors for the new entrants contributing to the market. The report also offers strategic recommendations to the established players as well as new entrants to help them gain a strong foothold in the market.

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