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Global Medical 3D Printing Market is Pegged at $1.5-2 billion (2020) and is growing at a Lucrative Growth Rate of 15-20% CAGR - Orchestrate 3D, Tiertime 3D, T&R BioFab, Anatomics, LIMA, Biomodel, PVA Med, 3D Systems, Stratasys, EOS 3D

10-29-2021 03:46 PM CET | Health & Medicine

Press release from: Medi-Tech Insights

The medical 3D printing market growth would be driven by patient specific 3D printed implants and growing adoption of POC in 3D printing.

Medical device 3D printing market is poised to revolutionize the healthcare industry. It is being increasingly used in medical and dental market for prototyping; producing anatomic models for surgical planning; making surgical guides; and manufacture of implants, instruments and prosthetics. Growing preference for medical device 3D printing over traditional machining methods owing to advantages such as less wastage of materials, cost effectiveness for smaller batches/more complex shapes and better clinical outcomes is driving the medical device 3D printing market growth. Moreover, the rising aging population, steady growth in orthopedic and dental procedures, and improving reimbursement scenario are other important factors driving the medical 3D printing market growth. In terms of opportunities, underpenetrated applications such as regenerative medicine and point of care 3D printing are likely to be the high growth areas of the medical device 3D printing market in the coming years.

For Customized Research Requirements, Contact Us @ https://meditechinsights.com/contact-us/

Medi-Tech Insights’ latest research report on medical 3D printing market analyses it with respect to product, application, technology, end user, and region.

Based on our research & interviews with industry experts, it is evident that surgical planning & patient specific implants are the major applications today while US is largest geographic market with China emerging very quickly as a large medical 3D printing market.

Improving Reimbursement Scenario would drive the adoption of Medical 3D Printing Market

Governments (especially in developed countries) are taking steps to incentivize use of medical 3D printing. For instance, in 2019, in the U.S., Category III CPT billing codes were introduced for 3D printing. These codes were introduced for surgical planning solutions such as anatomic models and for 3D-printed anatomic guides. In the first phase, the codes would not essentially guarantee the reimbursement. However, it will serve to collect necessary data to decide on future policies for reimbursement.

“Orthopaedic and CMF surgeons are increasingly adopting surgical planning and associated tools made using 3D printing, as they understand the positive impact of patient specific solutions/products on clinical outcomes”
- CEO, Leading Medical 3D Printing Company

Competitive Landscape Analysis & Growth Opportunities: Medical 3D Printing Market

In terms of competitive landscape, 3D Systems, Stratasys, Materialise Medical, EOS 3D, Arcam, SLM Solutions, and Concept Laser are some of the leading players in the medical device 3D printing market. On the other hand, Orchestrate 3D, Tiertime 3D, T&R BioFab, Anatomics, LIMA, Biomodel, and PVA Med are some emerging players in medical device 3D printing market. The report provides detailed analysis of key players with respect to business and financial overview, key growth strategies, and developments.

For Detailed Insights and Customized Requirements, Contact Us @ https://meditechinsights.com/contact-us/

Manoj Sahasrabudhe,
Medi-Tech Insights
Tel No: +32 498 86 80 79
Email: info@meditechinsights.com
Website: https://meditechinsights.com/

Medi-Tech Insights is a healthcare-focused business research & insights firm. Our clients include Fortune 500 companies, blue-chip Investors & hyper-growth Start-ups. We have successfully completed 100+ projects in Digital Health, Healthcare IT, Medical Technology, Medical Devices & Pharma Services in the areas of market assessments, due diligence, competitive intelligence, market sizing and forecasting, pricing analysis & go-to-market strategy.

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