3D Printing Medical Devices Market:
The objective of the study is to define market sizes of different segments & countries in previous years and to forecast the values to the next eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry with respect to each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as drivers & restraining factors which will define the future growth of the market. Additionally, it will also incorporate the opportunities available in micro markets for stakeholders to invest, detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:
- Laser Beam Melting
- Electron Beam MeltingDroplet Deposition Or Extrusion-Based Technologies
- Three-Dimensional Printing 3DP Or Adhesion Bonding Or Binder Jetting
- Services and Software
- Surgical Guides
- Surgical Instruments
- Prosthetics and Implants
- Tissue Engineering Products
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3D printing technology revolutionized manufacturing process around industry perpendicularly. In medical field 3D printing has led to development of innovative and efficient products. Ever increase in cost pressures on medical device manufacturers and their intense need to introduce innovative products has forced them to adopt 3D printing to reduce the manufacturing life cycle and to eliminate the traditional prototyping process. Increasing medical & pharma business, mainly because of increase in awareness regarding consumer health along with the increase in health issues are boosting the 3D printing equipment market.
On the basis of geographical regions3D printing medical devices marketis segmented as Latin America, Europe, North America, Asia-Pacific, The Middle East and Africa. North America is the leading consumer of 3D printing in the healthcare industry, followed by Europe. The 3D printing systems market would expect to exhibit significant growth in the Asia-Pacific and LAMEA regions, owing to the increase in number of start-up companies and its rising awareness.
Factors such as increased government funding to enhance 3D printing applications in the healthcare industry, establishment of research and training centers, and raising awareness of 3D printing through conferences and events are propelling the growth of the3D printing medical devices marketin the Asia-Pacific region. However, the dearth of skilled professionals and the high cost of 3D printing systems restricts its demand in the developing Asian countries. For instance, in April 2014, the Japanese government donated $36.5 million for Japanese companies for the development of next gen 3D printers for the healthcare and the aerospace applications.
Some of the players in the global3D printing medical devices marketare FabRx Ltd. (UK), Organovo Holdings (U.S.), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC, 3D Systems Inc. (Germany),, Cyfuse Biomedical K.K. (Japan), Bio3D Technologies (Singapore), Arcam AB (Sweden), and Stratasys Ltd. (U.S.)
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