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Sales of Flexible 3D Printing Medical Devices Are Poised to Account for Revenues over US$ 1,700 Mn by 2022-end

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.

3d-printing medical devices market

Market Taxonomy

Product Type
  • 3D Printers
  • 3D Bio-Printers
  • Materials
  • Software & Services
End User
  • Hospitals
  • Academic Institutes
  • Contract Research Organizations
  • Pharma and Biotech Companies
Application
  • Implants
  • Tissue Engineering
  • External Wearable Devices
Technology
  • Laser Beam Melting
  • Photo polymerization
  • Three-Dimensional Printing
  • Electron Beam Melting
  • Droplet Deposition


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6 Key Estimations for Future of 3D printing medical devices market

  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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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Categories
Pharmaceutical

3D Printing Medical Devices Market to See Huge Growth by 2031 | Companies Cyfuse Biomedical K.K., Stratasys Ltd., SLM Solutions Group AG, Renishaw plc

The global demand for 3D printing medical devices market is expected to exceed US$ 1,700 Mn in revenues by 2022-end, according to a recent research by Fact.MR. The global 3D printing medical devices market is poised to exhibit a high double-digit CAGR during 2017 to 2022. Introduction of 3D-printed tablets has paved new opportunities for 3D-printing technology, increasing its application across the pharmaceutical industry.

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Numerous collaborations have been witnessed worldwide, between academic institutions and major players in the market, who are investing heavily in R&D activities. 3D-printing technology has been revolutionizing the preclinical drug testing, making the testing on 3D-printed organs convenient, thereby resulting into the provision of a substitute for animal testing. This technology is also making it easy for surgeons to improve the complicated procedures’ success rate. The aforementioned factors are expected to augment demand for 3D printing medical devices in the years to come.

3d-printing medical devices market

Potential of 3D-printing in transforming medical devices’ use to treat various diseases is impacting the healthcare sector, enabling construction of non-implantable and implantable medical devices, and cost-effective customizable medical devices. Rise in demand for medical devices that match a patient’s anatomy in orthopedic, and maxillofacial surgery is favoring expansion of medical 3D-printing industry.

Facilitating surgeons in planning surgeries, 3D printing medical devices help in lowering operative risks encountered during complex procedures, reduce duration of anesthesia exposure, decrease risk of infection, enable patients in recovering faster, and dramatically reduce time of hospital stay. These factors might further impact the market growth over the forecast period.

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6 Key Estimations for Future of 3D printing medical devices market
  1. 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.
  2. 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.
  3. 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.
  4. 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.
  5. 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.
  6. The report profiles key players operating in the market, which include Cyfuse Biomedical K.K., Stratasys Ltd., SLM Solutions Group AG, Renishaw plc, Groupe Gorgé SA, Organovo Holdings, Inc., Materialise NV, EnvisionTEC GmbH, General Electric Company, Carbon, Inc., Biomedical Modeling Inc., and 3D Systems Corporation.

The advent of 3D-printed tablets has created new avenues for 3D printing technology, enhancing its application in the pharmaceutical industry. A number of collaborations are being witnessed between leading market players and academic institutions across the globe, investing extensively in research and development activities, which in turn is further influencing the market growth.

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However, factors such as lack of structured regulatory framework, high prices of printers, unfavorable reimbursement policies, limited technical expertise, biocompatibility issues pertaining to 3D-printed medical devices, and concerns related to copyright and patent infringement are expected to hinder the market growth in the near future.

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About Fact.MR

Market research and consulting agency with a difference! That’s why 80% of Fortune 1,000 companies trust us for making their most critical decisions. We have offices in US and Dublin, whereas our global headquarter is in Dubai. While our experienced consultants employ the latest technologies to extract hard-to-find insights, we believe our USP is the trust clients have on our expertise. Spanning a wide range – from automotive & industry 4.0 to healthcare & retail, our coverage is expansive, but we ensure even the most niche categories are analyzed. Reach out to us with your goals, and we’ll be an able research partner.

Contact:
US Sales Office:
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E: sales@factmr.com
Research Insight: https://www.factmr.com/report/248/3d-printing-medical-devices-market
Press Release: https://www.factmr.com/media-release/238/3d-printing-medical-devices-market

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