The Middle East and Africa 3D Printing Medical Devices Market size is estimated to be worth USD 403.27 million by 2027 from USD 114.13 million in 2022, growing at a CAGR of 28.7% from 2022 to 2027.
Growing incidences of chronic illnesses and the need for the well-being of patients after surgery are key drivers for the growth of the market. Furthermore, increasing demand to produce high-quality equipment in less time for different applications in the medical sector is fuelling the market demand. The next biggest chapter in the industrial uprising is 3D printing, and the technology is moving fast. 3D printing technology has the potential to transform the treatment of patients with medical devices radically. It will affect health care in many respects, like implantable and implantable medical devices and cost-effective, flexible devices. So, altogether these factors are driving the growth of the MEA 3D Printing Medical Devices market.
However, installing and maintaining the devices is somewhat expensive, and the market demand is shrinking. In addition, sudden changes in economic strategies can also have a negative impact on the expansion of the Middle East & Africa market for medical devices for 3D printing.
Increasing demand for customer-specific products in orthopedics and maxillofacial surgery, in addition to the recent technological advances, diversity of materials ranging from polymers to living tissue, increased awareness of new developments in healthcare, financing from government agencies, particularly in African countries, are driving the growth of 3D Printing Medical Devices Market in the Middle East and Africa. Growing funding for the maintenance of modern equipment from private and public entities is projected to provide market growth opportunities. In addition, raising the geriatric population and increasing the number of emergency cases involving injuries is likely to boost the market growth.
This research report on the MEA 3D printing medical devices market has been segmented and sub-segmented into the following categories:
Regionally, Africa is the most developed country in the African region set to offer a large market not just limiting to its borders but also reaching potential users in the developing African countries. Coming to the Middle East, some being the world's richest countries, thanks to the oil money, is also a potential market for 3D printed medical devices as money won’t be a barrier here, but lack of support from governments can be an issue for sustainable growth.
KEY MARKET PLAYERS:
A few of the companies playing a leading role in the MEA 3D Printing Medical Devices Market profiled in this report are 3D Systems Corporation, Stratasys Ltd., EnvisionTEC GmbH, Renishaw plc, Materialise NV, 3T RPD, Ltd., EOS GmbH, Electro-Optical Systems, Concept Laser GmbH, Arcam AB and Prodways.
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