Global 3D Printing Medical Device Market to Climb up to USD 3.42460027 BN by 2026
Posted On February 25, 2020
The Global 3D Printing Medical Device Market is anticipated to grow at a compound annual growth rate (CAGR) of 17% during 2020-2026 while it was close to USD 1.1479112 BN in 2019. The market will outgrow to USD 3.42460027 BN by 2026 as per the research conducted by Value Market Research. Global 3D printing medical devices market is anticipated to develop due to boosting investment by the government in the healthcare sector, and heightening specialized techniques in 3D printing with its increasing demand. Though several facets that may hinder the advancements in the market in future are high price of printers, biocompatibility problems of 3D printed medical devices and insufficient technical skill in medical appliances. The risen demand for customized orthopaedic equipment will be one among the key drivers in the global 3D printing devices market.
3D printings are the extensively operated medical devices and can further be used for other products, comprising household items, and automotive parts due to its abilities. This 3D printing technology is used to deal with various sorts of therapies such as titanium replacements, and the creation of limb prosthetics, etc. Surgical instrumentation is advanced as per patient condition by utilizing medical imaging and 3D printing. The use of 3D printing assists in the creation of customized implants with distinct geometric features and shapes to adjust the patterns of the individual’s physique. 3D printing also facilitates the creation of inner support systems, and porous engineered contours. This is motivating physicians to employ the technology for formulating patient-specific tools for numerous orthopaedic applications.
The detailed research study “Global 3D Printing Medical Device Market Report By Product (External Wearable Devices, Clinical Study Devices, Implants Surface Structures-Complex Geometry And Other Devices), By Application (Medical & Surgical Centers, Pharma & Biotech Companies And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2019-2026”, assists in understanding the market dynamics with qualitative as well as quantitative data. The study researches the historical trends of the industry along with understanding all the geo-economic conditions related to the 3d printing medical device market, thus making the foundation of the report strong and reliable.
On the basis of product, external wearable devices, clinical study devices, implants surface structures-complex geometry and other devices are the segments considered in the report. External wearable devices dominated the segment due to increase in dependence on wearable medical implants along with its low cost and durability.By application the market is bifurcated into -medical & surgical centers, pharma & biotech companies and others. Medical and surgical centre accounts for the highest market share.
The regions - North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa are deeply studied with respect to all the 3D Printing Medical Devices market segments covered in the report.
North America holds the maximum share majorly due to established medical industry as well as high level research and development infrastructure. The regional research assists in taking informed decision related to the regional strategic plans.
The Report Segments Global 3D Printing Medical Device Market -
- External Wearable Devices
- Clinical Study Devices
- Implants Surface Structures-Complex Geometry
- Other Devices
- Medical & Surgical Centers
- Pharma & Biotech Companies
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Players Profiled In the Report:
DePuy Synthes, Exactech, Inc., K2M, Inc., KLS Martin Group, Limacorporate S.p.a., Oxford Performance Materials, Smith and Nephew Plc, Stryker Corporation and Zimmer Biomet.
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