Conventional manufacturing methods usually involve a number of manufacturing steps, assembly procedures, and the use of different components. On the other hand, by creating intricate medical devices as a single, integrated component, 3D printing can simplify the production process. This reduction in complexity can help to expedite production processes, simplify supply chains, and lessen the possibility of mistakes or failures during assembly. The range of medical equipment that can be 3D printed has increased with the advent of new materials designed with printing in mind. Bioresorbable polymers and some metal alloys are examples of biocompatible materials with the necessary mechanical properties that are already accessible for use in medicine.
According to SPER market research, ‘3D Printing Medical Devices Market Size- By Component, By Application, By End User, By Technology - Regional Outlook, Competitive Strategies and Segment Forecast to 2033’state that the Global 3D Printing Medical Devices Market is predicted to reach USD 13.19 billion by 2033 with a CAGR of 14.71%.
The market for 3D printed medical devices is expected to grow at an opportune pace due to the advancements in digital solutions across several industries, such as dentistry and other medical operations. By using automated procedures, the clinical workflow is intended to be optimized. The dental sector is considered as one example of the many different types of medical procedures that have undergone a clear transition from conventional modes of process following. In recent years, there has been a movement in the usual trend of dental operations to include surgeries and digital dentistry.
The lack of qualified workers is one of the main obstacles impeding the use of additive manufacturing. The problem stems from the fact that there is a restricted pool of resources available for employees who are knowledgeable about 3D printing. This element is further impacted by the quickly changing material and technological landscape of 3D printing devices for medical applications. Industrial applications of 3D printed medical equipment are hindered by the fact that additive manufacturing has not yet gained widespread acceptance and that there is a significant gap between academic and textual applications of the technology.
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The COVID-19 pandemic is expected to increase demand for reconditioned medical equipment, such as mechanical ventilators. Reconditioned medical equipment is negatively impacted by a significant disruption in the supply chain that the healthcare sector is also coping with. A device that has been reconditioned to a level equivalent to brand-new equipment is called a 3D printing medical device.
3D Printing Medical Devices Market Key Players:
Geographically, North America the dominant region in the global market for 3D Printing Medical Devices. Better healthcare infrastructure, a rise in the use of 3D printing medical devices in healthcare facilities, and the presence of major market players in the area are some of the major factors driving the growth of the global market for these devices in North America. Key players are Autodesk Inc, Biomerics LLC, Desktop Metal Inc, General Electric Co., Medtronic Plc, Qualtech Consulting Corp. and Stratasys Ltd.
Global 3D Printing Medical Devices Market Segmentation:
By Component: Based on the Component, Global 3D Printing Medical Devices Market is segmented as; 3D Bioprinter, 3D Printer, Material Software, Service.
By Application: Based on the Application, Global 3D Printing Medical Devices Market is segmented as; Implant, Prosthetics and Surgical Guides.
By End User: Based on the End User, Global 3D Printing Medical Devices Market is segmented as; Hospitals and Research Centres.
By Technology: Based on the Technology, Global 3D Printing Medical Devices Market is segmented as; DLP, DLMS, EBM, Polyjet, SLS, SLA.
By Region: This research also includes data for North America, Asia-Pacific, Latin America, Middle East & Africa and Europe.
This study also encompasses various drivers and restraining factors of this market for the forecast period. Various growth opportunities are also discussed in the report.
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3D Printing Medical Devices Market Scope
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3D Printing Medical Devices valued approximately USD 0.75 Billion in 2016 is anticipated to grow with healthy growth rate of more than 17.5% over the forecast period 20172025.
The Key drivers of the market include Technological advancements, rising publicprivate funding, and increasing applications in the healthcare industry.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 subsegment of the market are explained below:Click here to Get free PDF Sample @ https://www.grandresearchstore.com/report-sample/3d-printing-medical-devices-market-28By Technology:Laser Beam MeltingPhotopolymerizationElectron Beam MeltingDroplet Deposition Or ExtrusionBased TechnologiesThreeDimensional Printing 3DP Or Adhesion Bonding Or Binder JettingComponent:EquipmentMaterialServices and SoftwareType:Surgical GuidesSurgical InstrumentsProsthetics and ImplantsTissue Engineering ProductsRegions:North AmericaU.S.CanadaEuropeUKGermanyAsia PacificChinaIndiaJapanLatin AmericaBrazilMexicoRest of the WorldGet the Complete Report & TOC @ https://www.grandresearchstore.com/life-sciences/3d-printing-medical-devices-market-28Furthermore, the years considered for the study are as follows:Historical year — 2015Base year — 2016Forecast period — 2017 to 2025Some of the key manufacturers involved in the market are Stratasys Ltd, SLM Solutions Group AG, Organovo Holdings, Inc, Biomedical Modeling Inc. and Anatomics Pty Ltd companies are spending a lot on their research and development programs to keep up with the dynamically changing technologies in the market.
Increasing public-private funding for 3D printing activities, high incidence of dental and orthopedic diseases, easy development of customized medical products using 3D printing, growing applications of 3D printing in the healthcare industry, availability of advanced 3D printing materials for dental and medical applications, and the increasing demand for 3D-printed products in the cosmetics and pharmaceutical industries, are the key factors supporting the growth of the market.
[497 Pages Report] The 3D Printing Medical Devices market is projected to reach USD 5.1 billion by 2026 from USD 2.4 billion in 2021, at a CAGR of 16.3% during the forecast periodCOVID-19 Impact on the global 3D Printing Medical Devices marketAs a result of the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the 3D Printing Medical Devices diminished as hospitals became primarily focused on the COVID-19 pandemic.
The closure of manufacturing facilities due to lockdowns and disrupted supply chains slightly impacted the growth of the 3D Printing Medical Devices market at the regional level in 2020.
The company manufactured field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields.Market DynamicsTechnological Advancements in 3D PrintingIncreasing Public-Private Funding for 3D Printing ActivitiesrialsEasy Development of Customized Medical Products Using 3D PrintingGrowing Applications of 3D Printing in the Healthcare IndustryIn recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry.
Such research and funding activities are expected to boost the development of 3D printing products and technologies, thereby driving the growth of the 3D printing medical devices market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90799911The digitization of dentistry and medical procedures has advanced immensely over the years, with the intention of improving the clinical workflow through the incorporation of technology.
Direct digital manufacturing involves the application of computer-controlled processes for developing a physical object directly from a digital design.
Increasing public-private funding for 3D printing activities, high incidence of dental and orthopedic diseases, easy development of customized medical products using 3D printing, growing applications of 3D printing in the healthcare industry, availability of advanced 3D printing materials for dental and medical applications, and the increasing demand for 3D-printed products in the cosmetics and pharmaceutical industries, are the key factors supporting the growth of the market.
[497 Pages Report] The 3D Printing Medical Devices market is projected to reach USD 5.1 billion by 2026 from USD 2.4 billion in 2021, at a CAGR of 16.3% during the forecast periodCOVID-19 Impact on the global 3D Printing Medical Devices marketAs a result of the pandemic, during March 2020 and throughout the second quarter of 2020, access to customers to sell and implement the 3D Printing Medical Devices diminished as hospitals became primarily focused on the COVID-19 pandemic.
The closure of manufacturing facilities due to lockdowns and disrupted supply chains slightly impacted the growth of the 3D Printing Medical Devices market at the regional level in 2020.
The company manufactured field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields.Market DynamicsTechnological Advancements in 3D PrintingIncreasing Public-Private Funding for 3D Printing ActivitiesrialsEasy Development of Customized Medical Products Using 3D PrintingGrowing Applications of 3D Printing in the Healthcare IndustryIn recent years, there has been a significant increase in public-private funding to support various initiatives in the 3D printing industry.
Such research and funding activities are expected to boost the development of 3D printing products and technologies, thereby driving the growth of the 3D printing medical devices market.Download PDF Brochure @ https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=90799911The digitization of dentistry and medical procedures has advanced immensely over the years, with the intention of improving the clinical workflow through the incorporation of technology.
Direct digital manufacturing involves the application of computer-controlled processes for developing a physical object directly from a digital design.
Global 3D Printing Medical Devices Market: by Types (surgical guides and others), by Component (system and others), by Technology (3D printing and others), by Application (external wearable devices, implants and others), by End-users - Forecast till 2023 3D printing functions an essential part of the medical and dental manufacturing sector and is the preferred choice of medical device manufacturers, for its cost-effective production of all types of medical devices such as the custom-made knee, hearing aids, hip implants, and prostheses.
Global 3D printing medical devices market is anticipated to grow due to influential factors such as the increase in investment by the growing use of 3D printing device in the healthcare industry the governments towards the healthcare sector, rising technological advancements in 3D printing, and easy production of medical devices.
According to a report issued by Market Research Future (MRFR), the Global Medical 3D Printing Companies has been assessed to grow at a CAGR of 18% during the forecast period from 2018 to 2023.
Key PlayersThe key players identified in the global 3D printing medical devices market are 3D Systems Corporations, 3T RPD Ltd., Arcam AB, Bio3D Technologies, EnvisionTEC, Cyfuse Medical K.K.EOS GmbHConcept, Laser GmbH, Materialise NV, Organovo Holdings, Inc., Oxford Performance Materials, Inc., Renishaw plc, Prodways Group, Stratasys Ltd., and SLM Solutions Group AG.
Segmental AnalysisThe global market for 3D printing medical devices has been segmented into types, component, technology, application, end-users, and regions.Based on types, the global 3D printing medical device market has been segmented into prosthetics & implants, surgical guides, surgical instruments, and tissue engineering product.
The surgical guide segment has been assessed to account for the largest market share in the type segment over the forecast period, due to its advantage of providing accurate implant restoration, resulting in a rise in the demand for the surgical guide has been increasing, and this is a crucial factor driving the growth of this market segment.
