Research Nester has recently
announced new market demand assessment research titled ”Global 3D Printed
Medical Device market–Demand, Opportunity, Growth, Future Prospects and
Competitive Analysis, 2015–2021”. 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.
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.
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.
To know more about this research, kindly
visit:
For Table of Content & Free Sample Report Contact:
Ajay Daniel
Email: ajay.daniel@researchnester.com
U.S. +1 646 586 9123
U.K. +44 203 608 5919
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