New York, NY January 04, 2021 (GLOBE NEWSWIRE) – Facts and Factors has a new research report titled. released “Market for 3D printed medical products by technology (electron beam melting (EBM), laser beam melting (LBM), direct metal laser sintering (DMLS), digital light processing, photopolymerization): by type (surgical guides, dental guides, orthopedic guides, surgical instruments, scalpels, Prosthetics and Implants, Tissue Engineering Products) and by Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends and Forecasts, 2020-2026 ”.
According to the research study, the 3D Printed Medical Device Market was valued at $ 1,130 million in 2019 and is expected to reach $ 3,510 million by 2026. The global 3D printed medical device market is expected to grow at an average annual growth rate (CAGR) of 17.8% from 2019 to 2026.
The global 3D printed medical device market is being driven by economic development, technological advancement, and increasing investment in research and development in medical science.
3D printing is the process of making a three-dimensional solid object from a digital file. This object is created by adding layers of material successively until the object is created. This is why this process is also known as additive manufacturing. Over the past few years, 3D printing has developed significantly and can now play crucial roles in many applications, the most important of which are in manufacturing, medicine, architecture, custom art and design. Complex medical devices are also created with the help of 3D printing technology. The flexibility that 3D printing offers has made it extremely popular with manufacturers and designers. Modifications can be made without significant changes in the manufacturing process. Personalized medical devices that match the patient’s anatomy and other intricate devices can be easily manufactured using 3D printing technology at no significant cost. All of these advantages have sparked great interest in 3D printing medical devices and other products such as household items and automotive tools, etc.
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• 2020 updated Report introduction, overview and in-depth industry analysis
• 225+ pages research report (including updated research)
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• Regional analysis updated in 2020 with graphical representation of size, share and trends
• Contains a list of tables and figures
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- Market size and forecast by sales | 2020-2026
- Market Dynamics – Leading Trends, Growth Drivers, Restrictions, and Investment Opportunities
- Market Segmentation – A detailed analysis by product, type, end user, application, segment and geography
- Competitive Landscape – Top Key Vendors and Other Prominent Vendors
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Medical devices made with 3D printing technology include orthopedic and cranial implants, surgical instruments, dentures such as crowns, and external prosthetics. Medical imaging plays an important role in the medical industry, X-ray, laser, CT and MRI scans have become an essential part of medical treatment. Modern technology has improved the ability to use these foolproof images to create 3D objects. Access to this technology has unlocked the enormous potential of the medical device industry. It has completely revolutionized the prosthetic industry, these devices can be prepared individually for everyone and thus increase their effectiveness. Surgical implants require precision, so the one-size-fits-all approach cannot cure the patient. 3D printing ensures surgical implants with high precision. It has also reduced the cost of implants, making them available, affordable and accessible to the poor population. 3D printing is also useful in creating the patient-specific anatomy model, which could be used to examine the medical problem in detail from multiple angles. It is also useful for training professionals.
Top market participants
Leading and leading companies in the 3D printing medical device market include Advanced Solutions Life Sciences, Aspect Biosystem, Cyfuse Biomedical KK, Envisiontec, and Nano Dimension.
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3D Printed Medical Device Market: Main Drivers and Barriers
The demand for Market share of 3D printed medical devices is expected to be driven by increasing healthcare demand. It can be observed that the largest share of 3D printing has always been in the medical field since 2012 and this trend will continue over the entire forecast period. Various applications in the medical industry support this growth. The predominant application today is dental, orthopedic and acoustic. In recent years, 3D printing applications have become more common. 3D printing technology has already made it possible to print surgical instruments such as hemostats, tweezers, scalpels. Handles, etc. In addition, 3D printed medical devices is expected to grow tremendously due to the high investment in research and development of these devices by public and private institutions and the increasing collaboration between industry, hospitals and the university, which has streamlined on-demand research. The increasing amount of research in medicine and materials science has enabled product innovation and a reduction in the cost of 3D printed medical devices, and has further improved accessibility. It is observed that 3D printing of tissues, organs and bones will play an important role in the growth of the 3D printed medical devices market during the forecast period. However, bottlenecks in the form of regulatory frameworks in different countries can dampen market growth and concerns about the biocompatibility of the material are few limiting factors.
Browse the full “Market for 3D printed medical products by technology (electron beam melting (EBM), laser beam melting (LBM), direct metal laser sintering (DMLS), digital light processing, photopolymerization): by type (surgical guides, dental guides, orthopedic guides, surgical instruments, scalpels, Prosthetics and Implants, Tissue Engineering Products) and by Region Global Industry Outlook, Market Size, Business Intelligence, Consumer Preferences, Statistical Surveys, Comprehensive Analysis, Historical Developments, Current Trends and Forecasts, 2020-2026 “ Report on https://www.fnfresearch.com/3d-printed-medical-device-market
Global 3D printed medical device Market: Technology analysis
- Electron Beam Melting Technology (EBM)
- Laser beam melting (LBM) technology
- Direct metal laser sintering (DMLS)
- Digital light processing
Global 3D printed medical device Market: type analysis
- Surgical guides
- Dental guides
- Orthopedic tours
- surgical instruments
- Prosthetics and implants
- Tissue engineering products
The global 3D printed medical device market is experiencing significant growth that is expected to continue in the coming years. With a massive surge in media and entertainment demand, construction is likely to be a major driver of the global 3D printed medical device market.
The 3D Printed Medical Devices market research report offers an acute assessment and taxonomy of the 3D Printed Medical Devices industry by practically segmenting the market based on various application, industry end-users, and regions. By analyzing the historical and forecast trends, all segments and sub-segments were assessed using the bottom-up approach and different market sizes were forecast for the fiscal years 2020 to 2026.
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3D Printed Medical Device Market: Updated Regional Analysis
In terms of geography, North America region is viewed as a major growth area in the 3D printed medical device market due to investments in 3D printed medical devices and the aging of the population. The Europe region will also be an important market for medical products such as implants. In addition, the Asia-Pacific market is expected to grow due to investment by key players in emerging markets.
Important findings from primary research
- Increased demand for medical prosthetics and implants in a developed economy.
- The increasing demand for personalized medicine is also driving the market for 3D printed medical devices
- Development of the research and development infrastructure in the market for 3D printed medical devices.
Key recommendations from analysts
- There is a great demand for 3D printed medical devices in applications such as prosthetics, implants, and surgical devices. The demand for organs and tissues from 3D printed medical device technology is expected.
- The North America region is expected to have a larger share of the 3D printed medical device market in the coming years.
- Prosthetic segments are seen as key driving segments of the market during the forecast period
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