3D Printed Medical Devices Market To Increase at Steady Growth Rate
3D Printed Medical Devices Market: Drivers & Restraints
3D printing technology is a manufacturing revolution. The outlook of 3D printing of medical devices is evolving at an extremely rapid pace as the adoption among the medical communities across the globe is increasing. Patients worldwide are experiencing improved quality of care through 3D printed implants and prosthetics. The major restraint in the market is that medical devices have stringent regulations and the adoption of 3D printing technology in medical devices is governed by the rigorous verification and validation of designs and processes which are designed with particular consideration of mechanical and thermal properties, and biocompatibility.
3D Printed Medical Devices Market: Segmentation
The global 3D printed medical devices market is classified on the basis of application type, process type and region.
Based on application, the global 3D printed medical devices market is segmented into the following:
External wearable devices
Clinical Study Devices
Implants surface texture - Complex geometry
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Based on process type, the global 3D printed medical devices market is segmented into the following:
Powder Bed Fusion
Directed Energy Deposition
3D Printed Medical Devices Market: Overview
The global 3D printing market is expected to grow at a CAGR of more than 5% in terms of revenue by 2026 end. The 3D printing technology is designed to transform most of the major industries such as healthcare, aerospace, food & beverages, FMCG products, particularly the manufacturing industry and completely change the way processes were being performed earlier. 3D printing is done by scanning the body and creating prosthetics which match the data acquired from the MRI scans of the body. In handicap patients, 3D printing technology designs patient-specific prosthetics which is a great development in the healthcare industry. Other examples of 3D printing are 3D printed set of teeth, implants, lungs and so on.
3D Printed Medical Devices Market: Region wise Overview
Geographically, global 3D printed medical devices market is classified into regions viz. North America, Latin America, Western Europe, Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan, Middle East and Africa (MEA).U.S. represents the largest region in terms of demand for 3D printed medical devices. With major healthcare facilities in U.S. and Europe adopting 3D printed medical devices, the regions are projected to hold more than half the share collectively in the global market by 2026 end.
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3D Printed Medical Devices Market: Key Players
The key players in global 3D printed medical devices market are Stratasys Ltd., ENVISIONTEC, INC., Optomec, 3D Systems, Inc., Amedica Corporation, Oceanz, Zortrax to name a few.
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