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3D Printing Market Analysis (2016-2021) – Market Data Forecast

(, June 17, 2017 ) 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.

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.

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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.

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.

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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.

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).

About Market Data Forecast:

Market Data Forecast is a firm working in the area of market research and business intelligence. With rich experience in research across various business domains, they cater to the needs of both individual and corporate clients. From all-encompassing umbrella markets to extremely specific niche markets covering all the major regions across the globe as part of the research scope, their research services offer one of a kind specialities with competitive pricing options. For more info kindly visit, ####

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