(Australia-NewsWire.Com, January 19, 2017 ) According to the report Medical Device 3D Printing, published by Market Data Forecast, the global market is projected to reach USD 2,368 million by 2021, at a CAGR of 23.45% from 2016 to 2021.
3D printing technology has the potential to radically transform the way medical devices are used to treat patients. Today, 3D printing Market is emerging as a cost effective, efficient, and customized manufacturing option for the medical devices industryapplicable to a range of devices. It is being considered as the next greatest chapter in the industrial uprising
The major factors driving the growth of 3D printed medical device market are, latest advancements in technologies, growing awareness about the new developments in the medical field, diversity of materials that range from polymers to living tissue and supportive policies of governments. In addition, the rising demand for patient-specific products in orthopaedics and maxillofacial surgery and the availability of wide range of material options like polymers, nylon etc. and the reduction in prices of 3D models have increased the adoption of 3D printing in various medical fields.
3D Printed Medical Devices market is segmented as following: Based on Product Type: Medical Implants Orthopedic Implants Dental Implants Craniomaxillofacial Implants Prosthetics Tissue Engineering Surgical Instruments Surgical Guides Hearing & Audibility Aid Based on Material: Plastics Biomaterials Metal & Metal Alloys Ceramics Nylon Wax Based on Technology: Laser Beam Melting (LBM) Electron Beam Melting (EBM) Droplet Deposition Photopolymerization Wax deposition Modelling Bio Printing Geographical Segmentation: North America 3D Printed Medical Devices Market Europe 3D Printed Medical Devices Market Asia-Pacific 3D Printed Medical Devices Market Latin America 3D Printed Medical Devices Market Middle-East & Africa 3D Printed Medical Devices Market
The major companies operating in the 3D printing industry with significant presence in medical equipment domain are 3D Systems Corporation (U.S.), Stratasys Ltd., EnvisionTEC GmbH (Germany), Materialise NV (Belgium), EOS GmbH Electro Optical Systems (Germany), Arcam AB (Sweden), 3T RPD, Ltd. (U.K.), Prodways(France), Concept Laser GmbH (Germany) and Renishaw plc (U.K.),
The 3D Printed Medical Devices Market study offers the following deliverables: Global, regional and country-level analysis and forecasts of the study market; providing Insights on the major countries/regions in which this industry is blooming and to also identify the regions that are still untapped Segment-level analysis in terms of technology, component, and type along with market size forecasts and estimations to detect key areas of industry growth in detail Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics Study of the effect of exogenous and endogenous factors that affect the global market; which includes broadly demographic, economics, and political, among other macro-environmental factors presented in an extensive PESTLE Analysis Study the micro environment factors that determine the overall profitability of an Industry, using Porters five forces analysis for analysing the level of competition and business strategy development A comprehensive list of key market players along with their product portfolio, current strategic interests, key financial information, legal issues, SWOT analysis and analyst overview to study and sustain the market environment Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies An executive summary, abridging the entire report in such a way that decision-making personnel can rapidly become acquainted with background information, concise analysis and main conclusions Expertly devised analyst overview along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market
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