“3D Printed Medical Device Market: Global Demand Analysis & Opportunity Outlook 2021”
The global 3D printed medical device market is segmented into components such as 3D printing equipment, materials and software & services. Among these segments, software & services segment is expected to occupy top position in overall 3D printed medical device market during the forecast period. Rising demand and utilization of advanced software solutions to manufacture 3D printed medical devices are expected to strengthen the growth of software & services segment. Moreover, software and services segment is projected to witness highest CAGR during the forecast period.
Global 3D printed medical device market is expected to flourish at a CAGR of 25.6% during the forecast period. Moreover, the global 3D printed medical device market is expected to garner USD 2.2 Billion by the end of 2021. Technical innovations, high expenditure on research and development activities, increasing utilization in healthcare sector are some of the major factor behind the growth of global 3D printed medical device market.
North America dominated the overall market of 3D printed medical device, with a market share of 37% in 2015. Further, North America is projected to continue its dominance over the forecast period owing to the presence of enhanced healthcare infrastructure in the region. Further, high adoption rate of advanced healthcare technologies by hospitals in North America is expected to propel the growth of 3D printed medical device market. Asia Pacific is estimated to witness significant growth in 3D printed medical device market during the forecast period. Tremendous growth in healthcare sector is anticipated to trigger the growth of 3D printed medical device market in Asia Pacific region.
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Emerging Medical Applications
Rising application of 3D printing techniques in healthcare is expected to boost the growth of 3D printed medical device market during the forecast period. Further, increasing adoption by end users to produce customized implantable devices is anticipated to fuel the growth of global 3D printed medical device market.
Technological Innovations and Advancements
Innovation and continuous advances in technologies are driving the growth of 3D printed medical device market. Moreover, development of patient matched 3D printing medical devices is expected to trigger the growth of 3D printed medical device market during the forecast period. However, high cost of 3D printing and limitation regarding the printing material choice are likely to inhibit the growth of the global 3D Printed Medical Device Market in the near future.
The report titled “3D Printed Medical Device Market: Global Demand Analysis & Opportunity Outlook 2021” delivers detailed overview of the global 3D printed medical device market in terms of market segmentation by components, by technology, by product, by application and by region. Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.
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This report also provides the existing competitive scenario of some of the key players of the global 3D printed medical device market which includes company profiling of Stratasys Ltd., Envision TEC Inc., Materialise NV, Worrell Design Inc., Rainbow Biosciences, LLC, 3D Systems, Inc., FabRx Ltd., EOS GmbH, Cyfuse Biomedical K.K. and Renishaw plc. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global 3D printed medical device market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
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