The development of technologies in 3D printing is forecasted to spur the 3D printing medical device market share. The market's report is efficiently analyzed as per MRFR, which provides outlooks for the global markets. The market is predicted to be motivated by a CAGR of 18% in the forecast period.
The increased occurrence of injuries that require organs or body parts on an urgenst basis is likely to promote the 3D printing medical device market companies in the near future. The improved focus on advancing easy to use products is estimated to motivate the 3D printing medical device market in the near future.
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Segmental Analysis
The segmental appraisal of the 3D printing medical applications is carried out on the basis of type, component, technology, application and region. The end-user segment of the 3D printing medical device market consists of medical and surgical centers, academic institutions, hospitals, pharma and biotech companies, and contract research organizations. The component segment of the 3D printing medical device market consists of materials software & services, 3D bioprinter and 3D printer. The technology segment of the 3D printing medical device market consists of droplet deposition, photopolymerization, 3D printing, laminated object manufacturing (LOM), laser beam melting, electron beam melting (EBM), and polyjet technology. The application segment of the 3D printing medical device market consists of clinical study devices, external wearable devices, implants and tissue engineering. The types segment of the 3D printing medical device market consists of surgical guides, surgical instruments, prosthetics & implants and tissue engineering product.
Regional Overview
The regional assessment of the 3D printing medical device market consists of Europe, Asia Pacific, North America, Africa and the Middle East. The North American regional market governs the global market across the forecast period. The chief stake is accredited to the collective call for organ transplant throughout the region. Owing to growing financing to advance 3D printing technologies and uses are some of the influences accountable for the growth of the 3D printing medical device market in this region. The European regional market is anticipated to be the next largest 3D printing medical device market. The market augmentation in this region can be credited to government backing and backing of the healthcare sector combined with augmenting research and progress. Additionally, a flourishing number of surgeries owing to changing lifestyles is backing the growth of the 3D printing medical device market in this region. The Asia Pacific regional market is anticipated to be the fastest maturing 3D printing device market in the forecast period due to the intensifying investments in healthcare, the swelling prevalence of continuing diseases, multiplying geriatric inhabitants and developments by market companies in the region. The 3D printing medical device market in the MEA region is projected to report the lowest cut of the global market due to an undersized healthcare sector.
Competitive Analysis
The activation of different avenues for development is estimated to kickstart the market development. The competition in the market is estimated to spur innovation in the market leading to the introduction of new products in the market. The swift changes in consumer preferences are predicted to motivate global market advancement. The favorable influence of global administration is estimated to promote global trade in the market. The discovery of new markets is likely further to enhance the chances for success in the forthcoming period. The upgrades in delivery strategies are anticipated to further boost the market progress in the near future. The foray of digitization-based strategies into operation management and forecasting is predicted to transform the global market in the forecast duration. The investment by market players towards developing the future potential for progress is likely to open up market potential. The establishment of strong research and development protocols is estimated to benefit the market in multiple ways in the future. The focus on sustainability is also assessed to influence the long-term expansion of the market significantly.
The renowned contenders in the 3D printing medical device market are Stratasys Ltd., SLM Solutions Group AG, Renishaw plc, EnvisionTEC, Arcam AB, Organovo Holdings, Inc., Bio3D Technologies, Materialise NV, 3D Systems Corporations, Oxford Performance Materials, Inc., Cyfuse Medical K.K.EOS GmbHConcept, Laser GmbH, Prodways Group, and 3T RPD Ltd.
Industry Updates:
May 2021 restor3d has combined with Kinos Medical, a total ankle replacement business, to expand its presence in the increasing foot and ankle market in the U.S. Patient-oriented 3D-printed implants creator restor3d aims to extend surgeons with 3D printing knowledge, biomaterials and artificial intelligence (A.I.) to mend and rebuild the human body. The business has goods prepared for the regulatory proposal, while some of its goods, such as osteotomy wedges and cervical interbody fusion grafts, have now received endorsement from the U.S. Food and Drug Administration. restor3d aims to augment its medical device solutions by applying the skill in 3D printing of particular biomedical materials safeguarding various properties.
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