3D Printing in Medical Applications Market: Government & Private Agencies Funding to Propel Growth of this Industry

Since its introduction over a decade ago, 3D printing as a technology has revolutionized manufacturing as a process. Ever increasing cost pressures on medical device manufacturers and their intense need to introduce innovative products has forced them to adopt 3D printing as a means to reduce the manufacturing life cycle and almost completely eliminate the traditional prototyping process. Traditional manufacturing techniques are based on the subtractive method where, the required product is created by cutting or drilling of the base material.

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3D printing builds the desired products layer-by-layer through addition of materials. Hence, this process is also called as additive manufacturing. Although, 3D printing is actually a subset of additive manufacturing, it used synonymously with additive manufacturing in the industry. The overall 3D printing market for medical applications has been categorized on the basis of its applications, raw materials, and technology

The applications market has been focused only on the medical applications of 3D printing and further segmentation has been provided which includes implants, surgical guides, surgical instruments and bioengineered products. The market for these application areas has been extensively analyzed based on number of 3D printed products, acceptance amongst surgeons, and cost. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for each segment.

The 3D printing technology market includes those technologies which are used extensively in medical applications for manufacturing bio-models. These technologies comprises of laser beam melting, electron beam melting, photopolymerization and droplet deposition manufacturing. The market for these segments has been extensively analyzed based on the efficiency of technologies, their application areas and cost. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for each segment.

The raw materials market includes the market focused for use in medical applications. The raw materials market comprises of metals, alloys, polymers, ceramics and others. The market for these raw materials used for manufacturing 3D printed medical products has been extensively analyzed based on the application areas and cost. The market size and forecast in terms of USD million for each product type has been provided for the period 2011 to 2019, considering 2012 as the base year. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for each.

The geographic landscape covers the major regions, namely North America, Europe, Asia and Rest of the World (RoW). The market size and forecasts in terms of revenue (USD million) for the period 2011 to 2019, considering 2012 as the base year, have been provided for this segment. The report also provides the compounded annual growth rate (% CAGR) for the forecast period 2013 to 2019 for the segment.

The market overview section of the report discusses the market dynamics that include drivers, restraints and opportunities influencing the market. In addition, major events have also been discussed in the section that have boosted the growth of the market and expected to further propel the growth during the forecast period. Also, this section covers market attractiveness analysis (by geography) for the year 2012 and Porter’s five forces analysis for the global ultrasound devices market.

Market share (%) by revenue for the major players operating in this market has also been provided for the year 2012 in the competitive landscape section, followed by a list of recommendations for the existing and new players. In addition, the report also profiled key players of the market on various parameters such as business overview, financial overview, product portfolio, business strategies and recent developments of the respective company.

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Some of the significant players in this market include 3D Systems, Stratasys, and EnvisionTEC, Arcam AB, Materialise NV. These market players have been profiled on the basis of attributes such as company overview, recent developments, strategies adopted by the market leaders to ensure growth, sustainability, financial overview and recent developments.

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