The Global Medical Device 3D Printing Market report published by Market Data Forecast provides a detailed account of the Market Trends via Customized Research presented as Strategic Analyses, Company Profiles, Competitive Landscape, etc. According to the report, the Medical Device 3D Printing Market is estimated to be USD 826 million in 2015 and predicted to rise to USD 2368 million by 2020 with a CAGR of 23.45 %. The market is segmented by Product Type (Medical Implants, Prosthetics, Tissue Engineering, Surgical Guides, Surgical Instruments and Hearing & Audibility Aid devices), by Material Type (Plastics, Biomaterials, Metal & Metal alloys, Ceramics, Nylon and Wax), and by Technology (Laser beam melting (LBM), Electron Beam Melting (EBM), Droplet Deposition, Wax deposition Modelling and Bio Printing). Further, on the basis of geography the market analysed under North America, Europe, Asia-Pacific, Latin America and Middle-East & Africa.
The rising demand for patient-specific products in maxillofacial and orthopaedics surgery, technological advancements, growing awareness about the new developments in medical field, availability of diverse materials that range from polymers to living tissue, supportive policies and fundingâ€™s from governments along with the prices of 3D models coming down altogether augmented the adoptability of 3D printed medical devices.
According to the report, plastics like acrylonitrile butadiene styrene (ABS), and polylactic acid (PLA) are found to be in increased use along with nylon, which are considered as simplest to work with. There is a faster growth expected in the use of metals which has greater strength and resistance for 3D printing
The most developed nations have the potential for growth in coming few years owing to their technological advancements. Currently, North America is the leading consumer of 3D printed medical devices which accounts for nearly 40% of the global market and it is followed by European countries. While the emerging economies of Asia-Pacific region offer significant market and are always a target for future growth.
Some of the major companies operating in the 3D printing industry with significant presence in medical equipment domain are Stratasys Ltd. 3D Systems Corporation (U.S.), EnvisionTEC GmbH (Germany), Renishaw plc (U.K.), EOS GmbH Electro Optical Systems (Germany), Materialise NV (Belgium), 3T RPD, Ltd. (U.K.), Concept Laser GmbH (Germany), Arcam AB (Sweden), and Prodways (France).
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