3D Printing Medical Devices Market Driven by Growing Geriatric Demographic
Rising Sophistication in 3D Printing Processes to Drive 3D Printing Medical Devices Market
The global 3D printing medical devices market is expected to exhibit a robust 18% CAGR over the forecast period from 2018 to 2023, according to the latest research report from Market Research Future (MRFR). The global 3D printing medical devices market is studied in great detail in the report, which includes a thorough analysis of the market’s historical trajectory as well as forecasts for the market’s growth over the forecast period from 2018 to 2023. The leading drivers and restraints affecting the global market are also studied in the report, giving readers a clear and comprehensive picture of the market’s growth prospects over the forecast period.
Free Sample Copy with Considering Coivd19 Impact on this Market @ https://www.marketresearchfuture.com/sample_request/6830
3D printing medical devices has become a favored procedure in the healthcare industry due to the various benefits of the 3D printing process. With 3D printing, complicated shapes and parts can be easily produced, with little complication. Advancements in the field of CAD (computer-assisted design) have made 3D printing medical devices easy. This has driven the global 3D printing medical devices market, as widespread use has also led to a reduction in costs, making 3D printed medical devices easier to afford. With 3D printing, the amount of waste is also reduced, as the printing processes are precise and do not allow for the generation of much waste.
The growing number of geriatrics around the world is likely to be a major driver for the global 3D printing medical devices market. Geriatrics require numerous transplants, such as hip replacements and others, increasing the demand for 3D printed medical devices. The growing acceptance of 3D printed medical devices among geriatrics is likely to remain a major driver for the 3D printing medical devices market, as the geriatric demographic is likely to remain the major consumer of 3D printed medical devices. On the other hand, the high prices of 3D printers and unfavorable reimbursement policies are likely to be the major restraints on the global 3D printing medical devices market over the forecast period. The relative novelty of 3D printed medical devices is the key factor behind this phenomenon, and over time, these complications are likely to be smoothed over.
Competitive Analysis:
Leading players in the global 3D printing medical devices market include 3T RPD Ltd., Prodways Group, Renishaw plc, Laser GmbH, EOS, Cyfuse Biomedical KK, Bio3D Technologies, Materialise NV, Oxford Performance Materials Inc., Organovo Holdings Inc., Arcam AB, EnvisionTEC, SLM Solutions Group AG, Stratasys Ltd., and 3D Systems Corporation.
Major players in the global 3D printing medical devices market are likely to focus on product development and refinement as the major strategy over the forecast period.
Segmentation:
The global 3D printing medical devices Industry is segmented on the basis of types, component, technology, application, end use, and region.
By types, the global 3D printing medical devices market is segmented into surgical guides, surgical instruments, prosthetics and implants, and tissue engineering products. The surgical guides segment is likely to hold the largest share in the global 3D printing medical devices market over the forecast period.
By component, the global 3D printing medical devices market is segmented into system, materials software and services, 3D bioprinters, and 3D printers. The software and services segment is likely to dominate the global 3D printing medical devices market over the forecast period due to the imperative need for CAD and other design principles in 3D printing processes.
By technology, the global market is segmented into 3D printing, droplet deposition, photopolymerization, laser beam melting, electron beam melting, laminated object manufacturing, polyjet technology, and others. Photopolymerization is likely to hold the largest share in the global 3D printing medical devices market over the forecast period.
By application, the global 3D printing medical devices market is segmented into external wearable devices, clinical study devices, implants, and tissue engineering. The external wearable devices segment holds the largest share in the market.
By end use, the market is segmented into hospitals, medical and surgical centers, pharma and biotech companies, academic institutions, and contract research organizations.
Regional Analysis:
The Americas and Europe are likely to hold dominant shares in the global 3D printing medical devices market.
OBTAIN RESEARCH REPORT DETAILS WITH TOC @ https://www.marketresearchfuture.com/reports/3d-printing-medical-devices-market-6830
NOTE: Our team of researchers are studying Covid19 and its impact on various industry verticals and wherever required we will be considering covid19 footprints for a better analysis of markets and industries. Cordially get in touch for more details.
About Market Research Future:
At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Services.
Contact:
Akash Anand
Market Research Future
+1 646 845 9312
Email: sales@marketresearchfuture.com
