Global Medical 3D Printing Market valued at $1.5-2 bn (2021) is growing at a rate of 15-20% CAGR
by Avez S. ConsultantThe global medical 3D printing market is poised to revolutionize the healthcare
industry. It is being increasingly used in medical and dental market for
prototyping; producing anatomic models for surgical planning; making surgical
guides; and manufacture of implants, instruments and prosthetics. Growing
preference for medical device 3D printing over traditional machining methods
owing to advantages such as less wastage of materials, cost effectiveness for
smaller batches/more complex shapes and better clinical outcomes is driving the
medical device 3D printing market growth. Moreover, the rising aging
population, steady growth in Orthopaedics and dental procedures, and improving
reimbursement scenario are other important factors driving the medical 3D
printing market growth. In terms of opportunities, underpenetrated applications
such as regenerative medicine and point of care 3D printing are likely to be
the high growth areas of the medical device 3D printing market in the coming
years.
Medi-Tech
Insights’ latest research report on medical 3D printing market analyses it with
respect to product, application, technology, end user, and region.
Based on our research & interviews with industry experts, it is evident that surgical planning & patient specific implants are the major applications today while US is largest geographic market with China emerging very quickly as a large medical 3D printing market.
Competitive
Landscape Analysis: Medical 3D Printing Market
In terms of
competitive landscape, 3D Systems, Stratasys, Materialise Medical, EOS 3D,
Arcam, SLM Solutions, and Concept Laser are some of the leading players in the medical
device 3D printing market. On the other hand, Orchestrate 3D, Tiertime 3D,
T&R BioFab, Anatomics, LIMA, Biomodel, and PVA Med are some emerging
players in medical device 3D printing market. The report provides detailed
analysis of key players with respect to business and financial overview, key growth
strategies, and developments.
Investment Trends and Pricing Intelligence Analysis: Medical 3D Printing Market
Benefits aside, 3D printing’s high initial cost and lack of reimbursement have been restraining the medical device 3D printing market growth to some extent. Commercial printers usually range from $10,000 to $500,000. Further, there is cost associated with fixed annual fees for segmentation software, lab space, resource cost and so on. Drawn by the huge promise to disrupt healthcare, many VCs/Investors have backed companies in medical device 3D printing market.
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Created on Nov 24th 2021 05:54. Viewed 208 times.