3D Printed Medical Devices Market to Expand at a CAGR of 18.1% during 2017-2027


Reading time ( words)

Future Market Insights presents pertinent insights and a revised forecast of the global 3D printed medical devices market in its published report titled '3D Printed Medical Devices Market": Global Industry Analysis (2012-2016) and Opportunity Assessment (2017-2027)'. The global 3D printed medical devices market is expected to expand at a CAGR of 18.1% during the forecast period 2017-2027. Increasing prevalence of chronic diseases and rising awareness regarding personal care are major factors that are driving the growth of the 3D printed medical devices market.

Increased Ability to Innovate Aids the Global 3D Printed Medical Devices Market

With increasing popularity of 3D printing, medical devices manufacturers are particularly focused on innovations. Substantial need for individualized yet economical medical solutions is met through 3D printing. Complex features of integration such as hard and soft areas, solid and porous structures, multi-material and multi-color, which seemed to be difficult by implementing conventional manufacturing techniques, is made simpler through 3D printing. Patient-specific implants are being manufactured based on CT and MRI scans provided by surgeons, which results in reduction of the overall surgical cost. This has increased the popularity of 3D printed medical devices all around the world.

Global 3D Printed Medical Devices Market: Segmentation and Forecast

The global 3D printed medical devices market is segmented based on application, technology, material type, end user and region. On the basis of application, the market has been segmented into orthopedic Implants, dental implants and cranio-maxillofacial implants. Orthopaedic implants application segment accounted for a higher revenue share in global 3D printing devices as compared to others in application segment. Orthopaedic implants segment in the application category of the global 3D printed medical devices market was estimated to be valued at nearly US$ 170 Mn in 2017 and is slated to reach a valuation of nearly US$ 970 Mn in 2027, exhibiting a CAGR of 19.2% during the period of assessment.

Based on the material type, 3D printed medical devices market is segmented into metals and alloys, biomaterial inks and plastics. The biomaterial inks segment was estimated to be valued at nearly US$ 65 Mn in 2017 and is anticipated to reach a valuation of nearly US$ 400 Mn in 2027, displaying a CAGR of 20% during the period of forecast.

Based on the end user, 3D printed medical devices market is segmented into hospitals, ambulatory surgical centres and diagnostic centres. Hospital end user segment accounts for higher demand for 3D printing devices as compared to other distribution channel segments such as ambulatory surgical centres and diagnostic centres, registering a CAGR of 18.7% over the forecast period.

Global 3D Printed Medical Devices Market: Regional Forecast

On the basis of region, the global 3D printed medical devices market has been segmented into North America, Latin America, Western Europe, Eastern Europe, Asia Pacific excluding Japan, Japan and the Middle East and Africa. Revenues in Western Europe are expected to grow at a CAGR of 18.6%, whereas Eastern Europe is anticipated to grow at 15.5% over the forecast period. The Western Europe 3D printed medical devices market was estimated to be valued at nearly US$ 65 Mn in 2017 and is slated to reach a value of nearly US$ 360 Mn in 2027. The Eastern Europe 3D printed medical devices market was estimated to be valued at nearly US$ 40 Mn in 2017 and is anticipated to reach a value of nearly US$ 160 Mn in 2027.

Global 3D Printed Medical Devices Market: Competitive Landscape

Some of the players in the global 3D printed medical devices market include 3D Systems, Inc., Arcam AB, Stratasys Ltd., FabRx Ltd., EOS GmbH Electro Optical Systems, EnvisionTEC, Cyfuse Biomedical K.K. and Formlabs, Inc. among others. Key players are focusing on strengthening their position by establishing new facilities in North America region. Moreover, companies are targeting Asia-Pacific region and Europe by distribution agreements with local players. In order to increase their revenue, major players in the North America region are entering into agreements with hospitals and academic institutes.

About Us

Future Market Insights (FMI) is a leading market intelligence and consulting firm. We deliver syndicated research reports, custom research reports and consulting services which are personalized in nature. FMI delivers a complete packaged solution, which combines current market intelligence, statistical anecdotes, technology inputs, valuable growth insights and an aerial view of the competitive framework and future market trends.

Share


Suggested Items

Telecom (Compute and Storage) Infrastructure Market to Reach $16.35B in 2022

09/03/2018 | IDC
A new forecast from IDC sizes the market for compute and storage infrastructure for Telecoms at nearly $10.81 billion in 2017. However, as Telecoms aggressively build out their infrastructure, IDC projects this market to see a healthy five-year compound annual growth rate (CAGR) of 6.2% with purchases totaling $16.35 billion in 2022.

What’s Coming in 3D Printing Technology in 2018

12/27/2017 | Cullen Hilkene, 3Diligent
First, the arrival of extrusion metal printing. Today's extrusion printers are the most prevalent and, arguably, user-friendly 3D Printers in the market. Now, after years of there being zero metal extrusion printers, there will be two in the new year from Desktop Metal and Markforged. These technologies promise new materials and a higher degree of user friendliness for metal printing.

Global LED Market Expected to Record a CAGR of close to 17% until 2020

05/26/2016 | Business Wire
This research report titled ‘Global LED Market 2016-2020’ provides an in-depth analysis of market growth in terms of revenue and emerging market trends. The market size is calculated on the basis of revenue generated from four segments, including general lighting, backlighting, automotive lighting, and others.



Copyright © 2018 I-Connect007. All rights reserved.