Medical Device 3D Printing Market Share, Size, Forecast and Trends by 2021

The Global Medical Device 3D Printing market is estimated at USD 826 Million in 2015 and is poised to reach USD 2368 million by 2020, growing at a CAGR of 23.45%

The medical device industry is facing a plethora of challenges which involves the regulatory challenges and reducing the iterative designs. Under this scenario, 3D printing seems to be the most promising option as it uses layer-by-layer build-up process to create 3-dimensional objects.

3D printing plays an expanding role in medical and dental manufacturing. It is very cost-effective, efficient and customizable option in for the medical devices industry for devices including dental implants, hearing aids, prostheses, custom-made knee and hip implants, and surgical instruments.

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The use of 3D printing in medical devices has been growing and it has limitless applications. 3D printing has a long way to go in coming years. It can be used to develop many new medical devices that were earlier difficult to create, expensive, or not patient-friendly. 3D printing also has a large potential to reduce tooling costs and accelerate lead time and regulatory submissions.

The factors influencing the Global Market for Medical Device 3D Printing Market, either positively or negatively are presented in the DROC analysis. One of the major driving forces for growth in the medical 3D printing industry is the rising demand for patient-specific products in orthopeadics and maxillofacial surgery. In addition, the latest advancements in technologies, growing awareness about the new developments, diversity of materials that range from polymers to living tissue, supportive policies and funding from government are also helping in market growth. Now, with the prices of 3D models coming down and also the availability of a broad range of material options have increased the adaptability of 3D printing in healthcare sector.

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For granular level understanding, the Medical Device 3D Printing Market is segmented based on the following categories with Market Size Estimations and Y-o-Y Forecasts presented for each sub-segments.
By Product Type
• Medical Implants
Orthopaedic Implants
Dental Implants
Craniomaxillofacial Implants
• Prosthetics
• Tissue Engineering
• Surgical Instruments
• Surgical Guides
• Hearing & Audibility Aid

By Material
• Plastics
• Biomaterials
• Metal & Metal Alloys
• Ceramics
• Nylon
• Wax

By Technology
• Laser Beam Melting (LBM)
• Electron Beam Melting (EBM)
• Droplet Deposition
• Photopolymerization
• Wax deposition Modelling
• Bio Printing

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On the basis of geography the market is segmented and analysed under regions namely, North America, Europe, Asia-Pacific, Latin America & Middle-East and Africa. The most developed nations have the potential for growth in coming few years due to their technological advancements. Currently North America is the leading consumer of 3D printing technology in the healthcare industry and accounts for nearly 40% of the entire market share in 2015. Europe is the second major market for medical 3D printing applications While the emerging economies of Asia-Pacific region offer significant market and are always a target for future growth.
• North America Medical Device 3D Printing Market
• Europe Medical Device 3D Printing Market
• Asia-Pacific Medical Device 3D Printing Market
• Latin America Medical Device 3D Printing Market
• Middle East and Africa Medical Device 3D Printing Market

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Some of the major companies operating in the 3D printing industry with significant presence in medical equipment domain are 3D Systems Corporation (U.S.), Stratasys Ltd., Renishaw plc (U.K.), EOS GmbH Electro Optical Systems (Germany), EnvisionTEC GmbH (Germany), Materialise NV (Belgium), Arcam AB (Sweden), 3T RPD, Ltd. (U.K.), Prodways(France) and Concept Laser GmbH (Germany).

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The Medical Device 3D Printing Market study offers the following deliverables:
• Global, regional and country-level analysis and forecasts of the study market; providing Insights on the geographical areas in which this industry is blooming
• Segment-level analysis on basis of producttype, application, colour along with market size forecasts and y-o-y estimations to detect key areas of industry growth in detail
• Identification of key drivers, restraints, opportunities, and challenges (DROC) in the market and their impact on shifting market dynamics
• Study of macro and micro environmental factors that effect the global market presented in an extensive strategic analyses section containing PESTLE and Porter’s Five Forces Analyses
• A comprehensive listing of key market players along with company overview, product portfolios, key financial information (subjected to availability), SWOT analysis and analyst overview to study and sustain the market environment
• Competitive landscape analysis listing out the mergers, acquisitions, collaborations in the field along with new product launches, comparative financial studies and recent developments in the market by the major companies
• Expertly devised Market Outlook along with Investment opportunities to provide both individuals and organizations a strong financial foothold in the market

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