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Global 3D Printed Medical Device Market Size Demand, Growth & Opportunity Analysis 2021
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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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printed-medical-device-market-analysis-opportunity-
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