3D Printing Medical Devices Market at $2.13B by 2020


Reading time ( words)

According to a new market research report "3D Printing Medical Devices Market - by Component (3D Printers, 3D Bioprinters, Materials, Services & Software), Technology (EBM, LBM, Photopolymerization, 3DP, and DD), Medical Products (Surgical Guides, Equipment, Implant) - Global Forecast to 2020", published by MarketsandMarkets, the report studies the global 3D Printing Medical Devices Market over the forecast period of 2015 to 2020. The market is poised to grow at a CAGR of 25.3% from 2015 to 2020, to reach USD 2.13 Billion by 2020.

On the basis of components, the global 3D Printing Medical Devices Market is segmented into 3D printing equipment, materials, and services & software. The 3D printing equipment market is further segmented into 3D printers and 3D bioprinters; while, the materials segment is further classified into plastics (thermoplastics and photopolymers), metal and metal alloy powders, biomaterials, and others (ceramic, nylon, paper, and wax).

Based on technology, the global 3D Printing Medical Devices Market is divided into five segments, namely, electron beam melting (EBM), laser beam melting (LBM), photopolymerization, droplet deposition (DD) or extrusion-based technologies, and three-dimensional printing (3DP) or adhesion bonding. The laser beam melting (LBM) segment is further categorized into direct metal laser sintering (DMLS), selective laser melting (SLM), selective laser sintering (SLS), and LaserCUSING. Likewise, the photopolymerization segment is divided into digital light processing, stereolithography, and two-photon polymerization. The droplet deposition (DD) segment is also further categorized into low-temperature deposition manufacturing (LDM), multiphase jet solidification (MJS), and fused deposition modeling (FDM).

On the basis of medical products, the global 3D Printing Medical Devices Market is divided into surgical guides (dental guides, craniomaxillofacial (CMF) guides, and orthopedic implants), surgical instruments (retractors, scalpels, and surgical fasteners), prosthetics and implants (standard implants and custom implants), and tissue engineering products (bone & cartilage scaffolds and ligament & tendon scaffolds).

A number of factors such as continuous technological advancements in 3D printing, rising public and private investments to develop new 3D printing technologies and applications, and growing acceptance of 3D-printed organs and implants are fueling the demand of this market. In addition, growing demand of organ transplantation, strong mergers and acquisitions to enhance market share, and expiry of key patents are offering new growth opportunities for existing market players as well as new entrants in the global 3D printing medical devices market. On the other hand, the stringent regulatory process for the approval of 3D-printed medical products and high cost of 3D-printed organs are restricting the number of end users in the global 3D printing medical devices market.

As of 2015, North America holds the largest share of the global 3D printing medical devices market, followed by Europe. However, the Asia-Pacific market is expected to grow at the highest CAGR from 2015 to 2020. A number of factors, including increased government funding to enhance 3D printing applications in the healthcare industry, establishment of research and training centers, and rising awareness of 3D printing through conferences and events are propelling the growth of the 3D Printing Medical Devices Market in the Asia-Pacific region. However, dearth of skilled professionals and high cost of 3D printing systems restricts its demand in the developing Asian countries.

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

Share

Print


Suggested Items

Worldwide Semiconductor Equipment Billings at $13.3 Billion in 2Q19; Down 20%

09/12/2019 | SEMI
Worldwide semiconductor manufacturing equipment billings reached $13.3 billion in the second quarter of 2019, down 20% from the same quarter of 2018 and 3% from than the previous quarter.

Uncertainties in the Market Rise while a Bounce in NAND Flash Prices Remains Unlikely in 3Q

06/20/2019 | TrendForce
According to the latest investigations by DRAMeXchange, a division of TrendForce, demand for smartphones and servers go below expected levels in 2019 as the US-China trade dispute heats up.

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.



Copyright © 2020 I-Connect007. All rights reserved.