3D Printing Medical Devices Market to grow by USD 3.96 billion from 2022-2027, North America to account for 39% of market growth – Technavio
NEW YORK, Sept. 19, 2023 /PRNewswire/ — The 3D printing medical devices market size is expected to grow by USD 3.96 billion from 2022 to 2027. In addition, the momentum of the market will progress at a CAGR of almost 18.81% during the forecast period, according to Technavio Research. The market is segmented by Application (Orthopedic and spinal, Dental, Hearing aids, and Others), End-user (Hospitals and clinics, Academic institutes, Pharma and biotech companies, and Others), and Geography (North America, Europe, Asia, and Rest of World (ROW)). North America will contribute 39% to the growth of the global market during the forecast period. Factors like better healthcare infrastructure, increased adoption of 3D printing medical devices in healthcare facilities, and the presence of prominent market players in the region drive the regional 3D printing medical devices market. There is an increasing promotion of several professional societies in this region supporting the use of 3D printing technologies for medical applications. For instance, the Society for Manufacturing Engineers has a dedicated medical 3D printing workgroup. Hence, such factors drive the growth of the 3D printing medical devices market during the forecast period. This report offers an up-to-date analysis of the current market scenario, the latest trends and drivers, and the overall market environment. Read FREE PDF Sample Report
Company Profile:
3D Systems Corp., Anatomics Pty Ltd., Autodesk Inc., Biomerics LLC, Boston Scientific Corp., Desktop Metal Inc., EOS GmbH, Formlabs Inc., General Electric Co., Groupe Gorge, INTAMSYS TECHNOLOGY CO. LTD., MATERIALISE NV, Mecuris GmbH, Medtronic Plc, Organovo Holdings Inc., Qualtech Consulting Corp., Renishaw Plc, Schultheiss GmbH, SLM Solutions Group AG, Stratasys Ltd.
3D Systems Corp: The company offers 3D printing medical devices such as ProJet 360, ProJet 460 Plus, ProJet 5500X, and ProJet 3500 HDMax.
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3D Printing Medical Devices Market: Segmentation Analysis
By Segment – The orthopedic and spinal segment is significant during the forecast period. This segment enables the manufacturing of lattice structures that significantly enhance the healing process following the implant in the body. Furthermore, the key material which is used for the production of 3D-printed orthopedic implants is titanium. Learn about the contribution of each segment summarized in concise infographics and thorough descriptions. View a FREE PDF Sample Report
“Besides analyzing the current market scenario, our report examines historic data from 2017 to 2021”- Technavio
3D Printing Medical Devices Market: Driver & Trend:
- Increased demand for personalized or customized medical devices
- Increasing adoption of 3D printing technology by medical professionals
- Rising cost efficiency and enhanced productivity
The rising cost efficiency and enhanced productivity drive the 3D printing medical devices market. Cost efficiency, productivity, and capabilities are some of the main advantages of 3D printing over traditional manufacturing processes. This printing technology offers increased design flexibility and potential improvements in function and is cost-efficient as it wastes less raw materials and may minimize processing costs as it avoids waste and extraction costs. It enables the generation of customized implants or prosthetics by leveraging this technology. This includes those which are utilized for spinal, dental, or craniofacial disorders in a cost-effective manner. Hence, such factors drive the 3D printing medical devices market during the forecast period.
Strategic alliances among market vendors are a key trend in the 3D printing medical devices market. Identify key trends, drivers, and challenges in the market. Download a FREE sample to gain access to this information.
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What are the key data covered in this 3D printing medical devices market report?
- CAGR of the market during the forecast period
- Detailed information on factors that will drive the growth of the 3D printing medical devices market between 2022 and 2027.
- Precise estimation of the 3D printing medical devices market size and its contribution to the market in focus on the parent market
- Accurate predictions about upcoming trends and changes in consumer behavior
- Growth of the 3D printing medical devices market across North America, Europe, Asia, and ROW
- A thorough analysis of the market’s competitive landscape and detailed information about vendors
- Comprehensive analysis of factors that will challenge the growth of 3D printing medical devices market vendors.
ToC:
Executive Summary
Market Landscape
Market Sizing
Historic Market Sizes
Five Forces Analysis
Market Segmentation by Application
Market Segmentation by End-user
Market Segmentation by Geography
Customer Landscape
Geographic Landscape
Drivers, Challenges, & Trends
Company Landscape
Company Analysis
Appendix
About Technavio
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