3D Printing Medical Devices Market Drivers and Challenges, Opportunities Insights 2019–2026

3D Printing Medical Devices Market

The 3D printing medical devices market is expected to grow at a CAGR of 17.3% during the forecast period, 2019–2026.

Medical and surgical centers are projected to drive the demand for 3D printing medical devices during the forecast period, 2019–2026. Additionally, the rapid adoption of technological advancements such as portable, multi-material, colored 3D printers, and others in the medical industry is also propelling the demand for 3D printed devices. Moreover, with novel applications in surgical implants and prosthetics, 3D printing technology is revolutionizing the medical field – offering medical practitioners an opportunity to develop customized and patient-specific implants.

3D printing, also known as additive manufacturing, is the process of creating three-dimensional solid objects from digital files/designs. It enables the creation of complex functional shapes by cutting out or hollowing a piece of metal or plastic. In 3D printing, an object is created by laying several successive layers of materials till the object is created. Medical printing devices offer an array of benefits to users across the healthcare lifecycle. 3D printing facilitates improved treatment outcomes, procedural efficiency, and minimizes reintervention costs, offering potential benefits as a widespread care pathway for complicated injuries.

Medical printers are likely to gain traction in the 3D printing medical devices market, owing to the increasing demand for 3D printed medical devices for creating patient-specific organ replicas, which are utilized by surgeons to practice before performing complicated operations. Photopolymerization is a 3D printing technology where liquid drops of plastic are exposed to a laser beam of UV light; during this process, the light converts the liquid into a solid. 3D-printable prosthetics and orthopedic implants are expected to experience strong growth in the 3D printing medical device market. These technological applications are expected to change the aspect of medicine as doctors, physicians, surgeons, and other related experts are able to develop prosthetics that are patient-specific or customized according to the patient’s requirement. Such devices can be printed by anyone and anywhere to design and custom print design parts, which has made prosthetics more accessible and affordable to wearers around the globe.

North America is expected to witness dynamic growth owing to the rising demand for 3D printing medical devices, coupled with the growing awareness about these devices in the region. For instance, FORECAST 3D, a U.S.-based service bureau, announced the acquisition of 12 HP Jet Fusion 3D printers with the capacity to offer full-run 3D manufacturing. Additionally, in June 2018, the University of California (UCSF) partnered with the Chinese 3D printer manufacturer, INTAMSYS to launch the 3D printed orthopedics research initiative with cost-effective technical orthopedic implants.

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The Major Prominent Players Covered in this Report:
3D Systems Corporations, Bio3D Technologies, Cyfuse Medical K.K., EnvisionTEC, Arcam AB, Materialise NV, Organovo Holdings, Inc., Oxford Performance Materials, Inc., SLM Solutions Group AG, and Stratasys Ltd.

By Component, Printers, Materials, Software and Services
By Technology, Electron Beam Melting, Selective Laser Melting, Selective Laser Sintering, Photopolymerization, Direct Metal Laser Sintering, Others
By Application, Orthopedic & Cranial Implant, Dental Restorations, Surgical Instruments, Tissue Fabrication, External Prosthesis

NOTE: Our analysts monitoring the situation across the globe explains that the market will generate remunerative prospects for producers post the COVID-19 crisis. The report aims to provide an additional illustration of the latest scenario, economic slowdown, and COVID-19 impact on the overall industry.

Geographically, this report is segmented into several key regions, with sales, revenue, market share and growth rate of Steerable Medical Devices in these regions, from 2019 to 2026, covering:
North America (United States, Canada and Mexico)
Europe (Germany, UK, France, Italy, Russia and Turkey etc.)
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

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Key 3D Printing Medical Devices Market Trends:
- The report identifies, determines, and forecasts the Global 3D Printing Medical Devices Market segments based on their type, sub-type, technology used, applications, end-users, and regions.
- Industry to Industry Holds Largest Share in the 3D Printing Medical Devices Market
- It examines the micro-markets based on their growth trends, development patterns, future prospects, and contribution to the overall market.
- Demand from Regional / geographical is Expected to Drive the Growth
- Rising Adoption of Market Segments in this Growth
- North American, Europe is Expected to Witness Higher Growth Rate over the Forecast Period
- It studies the competitive developments such as partnerships and collaborations, mergers and acquisitions (M&A), research and development (R&D) activities, product developments, and expansions in the Global 3D Printing Medical Devices Market.

Key Questions Answered in The Report:
What will the 3D Printing Medical Devices market growth rate?
What are the key factors driving the global 3D Printing Medical Devices market?
Who are the key manufacturers in the 3D Printing Medical Devices market space?
What are the market opportunities, market risk, and market overview of the 3D Printing Medical Devices market?
What are sales, revenue, and price analysis of top manufacturers of the 3D Printing Medical Devices market?
Who are the distributors, traders, and dealers of the 3D Printing Medical Devices market?
What are the market opportunities and threats faced by the vendors in the global Steerable Medical Devices Industry?
What are sales, revenue, and price analysis by types and applications of the 3D Printing Medical Devices Industry?
What are sales, revenue, and price analysis by regions of 3D Printing Medical Devices industry?
What are the driving factors contributing to market growth during the short, medium, and long term?

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