According to a new market report published by Lucintel, the future of the 3D printing medical device market looks promising with opportunities in surgical centers, pharmaceutical & biotechnology sectors, and academic institutions. The global 3D printing medical device market is expected to grow with a CAGR of 18% from 2020 to 2025. The major drivers for this market are growing technological advancements in 3D printing and increasing investment made by governments around the world in the healthcare sector.
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3D printing medical devices are medical devices produced by process that creates a three-dimensional object by building successive layers of raw materials for orthopedic and cranial implants, surgical instruments, and dental restorations, such as crowns and external prosthetics. In this market, laser beam melting, photo polymerization, electron beam melting, droplet deposition and three-dimensional printing (3dp) are the major technologies of 3D printing medical devices. Lucintel forecasts that photo polymerization will remain the largest technology segment over the forecast period, as there is a widespread application of this technology across the medical industry for manufacturing surgical guides (orthopedic and dental), prosthetics and implants, porous scaffolds, and dental restorations.
Within this market, surgical guides will remain the largest application segment over the forecast period due to increasing use of the digitally driven process for accurate surgical planning.
Asia Pacific is expected to witness the highest growth over the forecast period due to growing establishment of new 3D printing research, training, and education centers and rising efforts by leading market players for expanding their distribution networks in emerging Asian countries.
Stratasys, Envisiontec, 3D Systems, Electro Optical Systems, Renishaw, Materialise, Arcam, 3TRPD, Concept Laser, Prodways, Carbon 3D, Organovo, and Biomedical Modeling are among the major suppliers in the global 3D printing medical device market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global 3D printing medical device market by technology, component, application, end use, and region. Lucintel has prepared a comprehensive research report titled “Growth Opportunities in the Global 3D Printing Medical Device Market 2020-2025: Trends, Forecast, and Opportunity Analysis.” This Lucintel report serves as a catalyst for growth strategy, as it provides comprehensive data and analysis on trends, key drivers, and directions. The study includes trends and forecast for the global 3D printing medical device market by technology, component, application, end use, and region as follows:
By Technology [Value ($ Million) shipment analysis for 2014 – 2025]:
Laser Beam Melting
Photo Polymerization
Electron Beam Melting
Droplet Deposition
Three-Dimensional Printing (3DP)
By Component [Value ($ Million) shipment analysis for 2014 – 2025]:
Equipment
Materials
Software & Services
Others
By Application [Value ($ Million) shipment analysis for 2014 – 2025]:
Surgical Guides
Surgical Instruments
Prosthetics and Implants
Tissue Engineering Products
By End Use [Value ($ Million) shipment analysis for 2014 – 2025]:
Surgical Centers
Pharmaceutical & Biotechnology
Academic Institutions
By Region [Value ($ Million) shipment analysis for 2014 – 2025]:
United States
Canada
Mexico
United Kingdom
Spain
Germany
Italy
France
This more than 150-pages research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or visit us at helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global Management Consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, Growth Consulting, M&A, and Due diligence services to executives and key decision makers in a variety of industries. For further information, visit www.lucintel.com.