Global 3D Printed Medical Device Market Size Demand, Growth & Opportunity Analysis 2021

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Copyright © Research Nester Pvt. Ltd. www.researchnester.com Global 3D Printed Medical System Market Outlook : Industry Insights & Opportunity Evaluation, 2015-2021

Transcript of Global 3D Printed Medical Device Market Size Demand, Growth & Opportunity Analysis 2021

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Global 3D Printed Medical System Market Outlook :

Industry Insights & Opportunity Evaluation,

2015-2021

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Global 3D Printed Medical Device Market

Overview

3D printing also known as additive manufacturing is a

procedure of creating three dimensional hard objects using

digital file. The formation of a 3D printed object is

completed by means of additive processes. 3D printing is

now majorly being used in various industrial sectors

including manufacturing, healthcare and automotive all

over the world.

The global 3D printed medical device market is envisioned

to reach USD 2.20 Billion over the forecast period i.e.

2015-2021, exhibiting a compound annual growth rate

(CAGR) of 25.6%. Geographically, the global 3D printed

medical device market is segmented into North America,

Latin America, Western and Eastern Europe, Asia-Pacific,

Middle East and North Africa (MENA) and Rest of World.

Market Segmentation

By Components

On the basis of components, the global 3D printed medical

device market is segmented are as follows:

3D printing equipment

Materials

Services & software

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By Technology

On the basis of technology, the global 3D printed medical

device market is segmented are as follows:

Electron Beam Melting (EBM)

Laser Beam Melting (LBM)

Photo polymerization

Droplet Deposition (DD) Or Extrusion-Based

Technologies

Three-Dimensional Printing (3DP) or Adhesion

Bonding

By Product

Based on products, the global 3D printed medical device

market is segmented as mentioned below:

Surgical Guides

Surgical Instruments

Prosthetics And Implants

Tissue Engineering Products

By Application

On the basis of application, the global 3D printed medical

device market is segmented as:

External wearable devices

Clinical Study Devices

Implants surface texture - Complex geometry

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Growth drivers and challenges

Technical innovations in 3D printing, increasing

government support, and increasing applications of 3D-

printed organs in organ transplantation surgeries are

expected to be the main growth drivers of global 3D

printed medical device market over the forecast period i.e.

2015-2021.

In addition to that, escalating demand of organ transfer

coupled with mergers and collaborations in 3D printing

market are believed to garner the global 3D printed

medical device market during 2015-2021.

However, high cost involved in 3D printing system and

specific skills required to operate 3D printing technology

are few of the major challenges which are expected to

hamper the growth of global 3D printed medical device

market in future.

Market size

With 37% of share in 2015, North America dominated the

global 3D printed medical device market. The market in

the region is anticipated to flourish owing to growing

awareness in patients, expanding health care spending and

rising expenditure on research and development.

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Europe is the second largest 3D printed medical devices

market behind North America. The market in the region is

expected to augment from rising demands of customized

medical instruments and devices.

The Asia-Pacific 3D printed medical device market is

estimated to nurture at highest CAGR over the period of

2015-2021 sparked by expanding government budget to

improve establishment of 3D printing research centers in

countries such as India and China.

Key Players

The global 3D printed medical devices market

encompasses some of the key players including Stratasys

Inc., Envision TEC, Materialise NV, Robohand, Worrell,

Rainbow Biosciences, etc.

Scope and Context

Overview of the Parent Market

Analyst View

Market Size and Growth

North America (U.S., Canada)

Latin America (Mexico, Brazil, Rest of Latin America)

Western and Eastern Europe (Germany, Italy, Spain,

France, U.K, Benelux, Hungary, Rest Of Western

Europe, Russia Poland, Rest of Eastern Europe)

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Asia-Pacific (China, India, Singapore, Japan, Australia

& New Zealand & Rest of Asia)

Rest of World

Segmentation

By Components

By Technology

By Products

By Application

By Geography

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their

Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in

current dynamic environment

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