Yahoo Finance 3D Printing Medical Devices Market Research Report 2021-2028 | Size, Share, Growth, Trends, Revenue, Forecast
Key Prominent Players Covered in the 3D Printing Medical Devices Market Research Report Are Arcam AB (Sweden),Renishaw plc (UK),Organovo Inc. (USA),Concept Laser GmbH (Germany),General Electric (USA),Cyfuse Biomedical (Japan),few others.
Pune, India, July 29, 2021 (GLOBE NEWSWIRE) -- The global ”3D printing medical devices market“ is expected to witness considerable growth as demand for 3D printers in manufacturing surgical equipment rises. According to the Guardian, the technology is supposed to be worth $ 1.3 billion approximately by 2021. Key insights into this unique market have been provided by Fortune Business Insights in its report, titled “3D Printing Medical Devices Market”, Size, Share and Global Trend By Products (Dental Products, Cardiovascular Products, Neurological products, Orthopedic Products, Cranio-maxillofacial products), By Technology (Fused Deposition Modelling, Bioprinting, Selective Laser Sintering, Electron Beam Manufacturing, Stereo-lithography), By Application (Medical, Pharmaceutical, Others), By End User (Hospitals, Research Centers), and Geography Forecast till 2026”.
The report analyses various factors that can potentially influence the market. 3D printers, also known as additive manufacturing printers and fabrication printers, design and build three-dimensional models and products of services and components. They build 3D designs and directly create the end product using computer-aided design software.
Request a Sample Copy of the Research Report:
Growing Application in the Medical Field
While 3D printing is being used in many different fields, its growing application in the medical field has garnered a lot of attention. This bodes well for the global 3D printing medical devices market which stands to gain from increasing utilization of the 3D printing technology. Forbes estimates that as bio-printers become more affordable, cost of medical procedures will see a decline.
Primarily, 3D printing is being used in a few core medical areas which include surgical tools, prosthetics, bio-printing tissues and organoids, and patient-specific surgical models. Moreover, increasing rate of neurological disorders, cardiovascular disorders, and bone and musculoskeletal deformities and injuries is expected to expand the market base of the global 3D printing medical devices market.
Leading Players operating in the 3D Printing Medical Devices Market are:
Key players are involved in mergers and acquisition to strengthen their market position. Owing to increasing competition frequent innovations are taking place in the market. Some of the companies operating the industry are:
Arcam AB (Sweden),
Renishaw plc (UK),
Organovo Inc. (USA),
Concept Laser GmbH (Germany),
General Electric (USA),
Cyfuse Biomedical (Japan),
few others.
For More Information : https://www.fortunebusinessinsights.com/industry-reports/3d-printing-medical-devices-market-100724
Innovations and Collaborations to Drive the Market Competition
The global 3D printing medical devices market is poised for rapid expansion as market players look to maintain their competitive edge. This is being done through innovative product development and collaborations. For example, recently, the US-based company, UNYQ, launched a 3D printed prosthetic leg socket called UNYQ Socket. In 2018, General Electric and VA Puget Sound Health Care System partnered to develop advanced 3D printed materials for US veterans.
Fortune Business Insights identifies some key players in the global 3D printing medical devices market. These include Arcam AB (Sweden), Renishaw plc (UK), Organovo Inc. (USA), Concept Laser GmbH (Germany), General Electric (USA), Cyfuse Biomedical (Japan), and a few others.
Dental Segment to Lead the Demand
“3D printed dental products are expected to capture the largest market share during the forecast period,” a lead analyst at Fortune Business Insights states. “This segment will be closely followed orthopedic and cardiovascular products. Combination of all three segments will fuel the global 3D printing medical devices market till 2026,” adds the analyst.
North America to Dominate the Market
Being home to some of the most innovative companies involved in 3D printing technologies, North America is expected to have a significant market share in the global 3D printing medical devices market. Moreover, factors such as rising prevalence of cardiovascular diseases, a steadily aging population, and rapid technological advancements in 3D printing in medical field will keep North America in the lead. The global 3D printing medical devices market will get boosted as a result.
Have Any Query? Ask Our Experts:https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/3d-printing-medical-devices-market-100724
Market Growth Expected to be Restrained
3D printing technology comes with its share of disadvantages. One of its biggest restraining factors is the high cost of 3D printed medical products such as implants and devices. Therefore, for the global 3D printing medical devices market to grow at a faster pace, 3D printed medical products need to become more cost-effective for patients. Since it’s a relatively new technology, there is limited technical expertise to operate and maintain 3D printers. 3D printers are also not easily available in developing countries. Lastly, 3D printers in any field are not environment friendly as building ending products requires plastic. This can have a negative impact on the growth and development of the global 3D printing medical devices market in the forecast period.
Market Segmentation:
By Products
Dental Products
Cardiovascular Products
Neurological products
Orthopedic Products
Cranio-maxillofacial products
Others
By Technology
Fused Deposition Modelling (FDM)
Bioprinting
Selective Laser Sintering (SLS)
Electron Beam Manufacturing (EBM)
Stereo-lithography
Binder Jetting
Others
By Application
Medical
Pharmaceutical
Others
By End User
Hospitals
Research Centers
Pharmaceutical & Biotechnology Companies
Others
By Geography
North America (USA and Canada)
Europe (UK, Germany, France, Italy, Spain, Scandinavia, and Rest of Europe)
Asia Pacific (Japan, China, India, Australia, Southeast Asia, and Rest of Asia Pacific)
Latin America (Brazil, Mexico, and Rest of Latin America)
Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)
Reasons to Purchase this Report:
Comprehensive analysis of the 3D Printing Medical Devices Market growth drivers, obstacles, opportunities, and other related challenges.
Tracks the developments, such as new product launches, agreements, mergers and acquisitions, geographical expansions, and joint ventures.
Identifies market restraints and boosters.
Identifies all the possible segments present in the market to aid organizations in strategic business planning.
Get your Customized Research Report: https://www.fortunebusinessinsights.com/enquiry/customization/3d-printing-medical-devices-market-100724
SECONDARY RESEARCH IS CONDUCTED TO DERIVE THE FOLLOWING INFORMATION:
Details such as revenues, market share, strategies, growth rate, product & their pricing by region/country for all major companies
Details in relation to prevalence, incidence, patient numbers, distribution of patients, average price of treatment, etc.
Number of end user facilities by region/country and average annual spending or procurement of devices by type of end user facility
Number of procedures and average price of procedures
Replacement rate and pricing of capital equipment
Market dynamics in relation to the market under focus – Drivers, restraints, trends, and opportunities
Market & technological trends, new product developments, product pipeline.
About Us:
Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.
Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.
At Fortune Business Insights™ we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune - 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: sales@fortunebusinessinsights.com
Fortune Business Insights™
