250 Pages 3D-Printing Medical Devices Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider Offers In-depth Insights into 3D-Printing Medical Devices Market
The Fact.MR survey conducted on the 3D-printing medical devices market offers insights into key drivers and restraints affecting the market growth. The report highlights compelling insights into 3D-printing medical devices demand outlook in terms of Product Type, End User, and Technology
According to the latest study by Fact.MR, the global 3D-printing medical devices sales will rise at a 14.4% CAGR during the forecast period from 2017 to 2022, surpassing a valuation of US$ 1,700 through 2022. The main objective of the market study is to highlight the factors affecting the demand and sales of the 3D-printing medical devices market. The report also unfold the upcoming trends, opportunities, and challenges in the landscape to assist the businesses in strategizing the plan of action for the expansion.
Technological Innovation in Medical Devices Revolutionizing the Healthcare System
The medical device industry is a heterogeneous, innovative and dynamic sector. From telemedicine to artificial intelligence, robotic surgery and 3D printing, technology is revolutionizing the healthcare industry. The intersection of healthcare and technology has led to numerous advancements in medical devices. New-age medical technology has transformed the way doctors and patients participate and interact with each other. The introduction of advanced medical devices such as drug-device combinations (DDCs), preventive and predictive equipment’s, self-care devices is completely transforming the medical world.
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Increasing investments by public and government bodies in healthcare sector is positively impacting the 3D-printing medical devices market. Governments across the globe are introducing various initiatives to strength the medical device sector with major emphasis on research and development (R&D). 3D-printing medical devicesmanufacturing companies and healthcare service providers have started offering personalized patient care and access to complete end-to-end medical device products and services. They are focusing on developing and enhancing product prototyping and minimizing operation cost.With the onset of COVID-19 pandemic the sales of 3D-printing medical devices witnessed a huge upsurge and the trend is likely to continue in the future.
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6 Key Estimations for Future of 3D printing medical devices market
- Followed by tissue engineering, implants will continue to be the most lucrative application of the 3D-printing medical devices, in terms of revenues. Sale of 3D-printing medical devices for application in building external wearable devices is estimated to exhibit a comparatively lower CAGR through 2022.
- Software & services are anticipated to remain preferred among products in the global market. Revenues from software & services are expected to account for more than one-third share of the market throughout the forecast period. In addition, sales of 3D-printing materials will exhibit the highest CAGR through 2022.
- Photo polymerization is projected to remain the largest adopted technology in the global market for 3D-printing medical devices, followed by the laser beam melting technology. In addition, sales of electron beam melting technology, and three-dimensional printing technology are expected to exhibit a similar CAGR through 2022.
- On the basis of end-users, hospitals will remain dominant in the market, with sales poised to exceed revenues worth US$ 1,000 Mn by 2022-end.
- Asia-Pacific excluding Japan (APEJ) will emerge as the fastest expanding market for 3D-printing medical devices during the forecast period. In terms of revenues, North America is expected to be the most lucrative region for growth of the market.
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Key market players profiled in the report include
- Biomedical Modeling Inc.
- Carbon Inc.
- General Electric Company
- EnvisionTEC GmbH
- Materialise NV
- Organovo Holdings Inc.
- Groupe Gorgé SA
- Renishaw plc
- SLM Solutions Group AG
- Stratasys Ltd.
- Cyfuse Biomedical K.K.
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