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3D Printing in Medical Applications Market to Reach US$ 2.76 Billion by 2028, Rising at a CAGR of 15.5%: TMR Report

02-28-2024 07:32 AM CET | Health & Medicine

Press release from: Transparency Market Research

3D Printing in Medical Applications

3D Printing in Medical Applications

The global market for ๐Ÿ‘๐ƒ ๐ฉ๐ซ๐ข๐ง๐ญ๐ข๐ง๐  ๐ข๐ง ๐ฆ๐ž๐๐ข๐œ๐š๐ฅ ๐š๐ฉ๐ฉ๐ฅ๐ข๐œ๐š๐ญ๐ข๐จ๐ง๐ฌ exhibited robust growth, valued at US$ 893.9 million in 2020 and projected to grow at a remarkable CAGR of 15.5% from 2021 to 2028, surpassing a value of US$ 2.76 billion by the end of 2028.

Amid the COVID-19 pandemic, disruptions in medical equipment supply have prompted companies in this sector to leverage 3D printing technology to provide essential respiratory support apparatus to hospitals. Despite facing technical and regulatory hurdles, med-tech firms are urged to intensify research and development efforts to overcome these challenges while also enhancing focus on pharmaceutical formulations. The agility of 3D printing technology allows for rapid iteration of complex designs, significantly shortening prototype lead-times. Furthermore, the adoption of in-house 3D printing is revolutionizing the customization of patient-specific insoles and orthoses, showcasing its versatility and potential in the medical field.

๐†๐ž๐ญ ๐’๐š๐ฆ๐ฉ๐ฅ๐ž ๐๐ƒ๐…:
https://www.transparencymarketresearch.com/sample/sample.php?flag=S&rep_id=1522&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐‚๐จ๐ฆ๐ฉ๐š๐ง๐ข๐ž๐ฌ ๐๐ซ๐จ๐Ÿ๐ข๐ฅ๐ž๐:

Nanoscribe GmbH,3D Systems Corporation,EnvisionTEC GmbH,Voxeljet Technology GmbH,Stratasys Ltd.,Materialise NV, among others

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ž๐ ๐ฆ๐ž๐ง๐ญ๐š๐ญ๐ข๐จ๐ง:

By Application

Surgical Guides
Orthopedic
Dental
Cranio-maxillofacial
Implants
Orthopedic
Dental
Cranio-maxillofacial
Surgical Instruments
Bioengineering

By Technology

Electron Beam Melting (EBM)
Laser Beam Melting (LBM)
Photopolymerization
Stereolithography
Two-Photon Polymerization
Digital Light Processing
Droplet Deposition Manufacturing
Inkjet Printing
Fused Deposition Modeling
Multiphase Jet Solidification

By Raw Material

Metals
Polymers
Ceramics
Biological Cells

๐†๐ž๐ญ ๐“๐ก๐ข๐ฌ ๐„๐ฑ๐œ๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ, ๐ˆ๐ง๐ฌ๐ญ๐š๐ง๐ญ๐ฅ๐ฒ:
https://www.transparencymarketresearch.com/checkout.php?rep_id=1522<ype=S&utm_source=OpenPR&utm_medium=OpenPR&utm_campaign=MansiR

๐Š๐ž๐ฒ ๐ƒ๐ž๐ฏ๐ž๐ฅ๐จ๐ฉ๐ฆ๐ž๐ง๐ญ๐ฌ:

In Octoberย 2021, Houston-based Volumetric, Inc., a startup specializing inย 3D bioprintingย of replacement organs and tissue, was acquired by South Carolina-based 3D Systems Corp. The transaction, which involves around half stock and half cash payments, is valued at US$ 400 Mn.

In Aprilย 2018, EnvisionTEC, a leading global manufacturer of desktop and full-production 3D printers and materials, announced two new medical-grade materials that make printing parts for implantation in humans safe and easy. The company's two new ready-to-print medical grade (MG) materials - a liquid silicone rubber and a biodegradable PCL polyester โ€• are manufactured with the main purity and can be fixed in humans after 3D printing on the company's 3D-Bioplotter series printers.

In Octoberย 2021, Stratasys entered into a partnership with France-based med-tech startup Bone 3D that will see healthcare institutions in France gain direct access to Stratasys 3D printing equipment

๐Œ๐š๐ซ๐ค๐ž๐ญ ๐“๐ซ๐ž๐ง๐๐ฌ:

Key trends shaping the market include the integration of artificial intelligence and machine learning in 3D printing processes, the emergence of 4D printing for dynamic medical implants, and the convergence of 3D printing with biotechnology for organ printing. Additionally, advancements in materials science and additive manufacturing techniques drive innovation in the development of biocompatible materials and complex medical structures.

๐…๐ฎ๐ญ๐ฎ๐ซ๐ž ๐Ž๐ฎ๐ญ๐ฅ๐จ๐จ๐ค:

The future outlook for the 3D printing in medical applications market is promising, with ongoing research and development efforts focused on addressing existing challenges and expanding the scope of applications. Continued collaborations between academia, industry, and regulatory bodies are expected to drive innovation and facilitate the adoption of 3D printing technology in mainstream healthcare.

๐Š๐ž๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐’๐ญ๐ฎ๐๐ฒ ๐๐จ๐ข๐ง๐ญ๐ฌ:

Key areas for further study include the impact of 3D printing on healthcare accessibility and affordability, the scalability of 3D printing technologies for mass production, and the long-term clinical outcomes of 3D-printed medical devices and implants.

๐๐ซ๐จ๐ฐ๐ฌ๐ž ๐Œ๐จ๐ซ๐ž ๐‘๐ž๐ฉ๐จ๐ซ๐ญ๐ฌ ๐›๐ฒ ๐“๐Œ๐‘:

๐“๐š๐ฆ๐ฉ๐จ๐ง๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/19/2672545/0/en/Global-Sales-of-Tampons-is-Expected-to-Accelerate-at-a-Whopping-5-2-CAGR-Reaching-US-8-1-Billion-by-2031-observes-TMR-Study.html

๐‚๐ก๐ข๐ฅ๐ฅ๐ž๐ซ๐ฌ ๐Œ๐š๐ซ๐ค๐ž๐ญ- https://www.globenewswire.com/news-release/2023/05/19/2672484/0/en/Chillers-Market-to-Reach-US-7-1-Billion-in-2031-Expanding-at-a-CAGR-of-4-7-Exclusive-Report-by-Transparency-Market-Research.html

๐€๐›๐จ๐ฎ๐ญ ๐“๐ซ๐š๐ง๐ฌ๐ฉ๐š๐ซ๐ž๐ง๐œ๐ฒ ๐Œ๐š๐ซ๐ค๐ž๐ญ ๐‘๐ž๐ฌ๐ž๐š๐ซ๐œ๐ก

Transparency Market Research, a globalย market research companyย registered at Wilmington, Delaware, United States, provides custom research and consulting services. Our exclusive blend of quantitative forecasting and trends analysis provides forward-looking insights for thousands of decision makers. Our experienced team of Analysts, Researchers, and Consultants use proprietary data sources and various tools & techniques to gather and analyses information.

Our data repository is continuously updated and revised by a team of research experts, so that it always reflects the latest trends and information. With a broad research and analysis capability, Transparency Market Research employs rigorous primary and secondary research techniques in developing distinctive data sets and research material for business reports.

๐‚๐จ๐ง๐ญ๐š๐œ๐ญ:

Nikhil Sawlani
Transparency Market Research Inc.
CORPORATE HEADQUARTER DOWNTOWN,
1000 N. West Street,
Suite 1200, Wilmington, Delaware 19801 USA
Tel:ย +1-518-618-1030
USA - Canada Toll Free: 866-552-3453
Website:ย https://www.transparencymarketresearch.comย ย  ย 
Email:ย sales@transparencymarketresearch.com
Follow Us:ย LinkedIn|ย Twitter|ย Blogย |ย YouTube

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