3D printing medical devices market is expected to generate revenue of around USD 2.34 billion by the end of 2024, growing at a CAGR of around 18% between 2018 and 2024.
3D printings have huge potential in medical devices and other products, including food, household items, and automotive parts due to its capabilities.
Definition of the Global 3D Printing Medical Devices Market
3D printing medical devices, as the name suggests, are medical equipment that is made utilizing 3D technology. This entails the use of a variety of different manufacturing procedures/techniques, all of which are dependent on the creation of a digital file/image of the thing to be created before using a variety of ways.
The impact of COVID-19 on the global market for 3D-printed medical devices
As a result of the pandemic, access to clients to sell and implement 3D Printing Medical Devices decreased in March 2020 and during the second quarter of 2020, as hospitals focused solely on the COVID-19 epidemic. The epidemic has resulted in a huge surge in ventilator demand. Manufacturing facility closures due to lockdowns and interrupted supply chains had a minor impact on the geographical growth of the 3D Printing Medical Devices market in 2020.
Established vendors like Stratasys Ltd backed up the increasing demand and helped to alleviate crucial shortages of nasopharyngeal swabs and face shields. Field-ready, individually packaged, sterile 3D-printed nasopharyngeal swabs and face shields were produced by the company.
Increasing dental implants, orthopedic diseases, highly customizable and easy-to-use medical products that can be developed using 3D printing, and increasing application of 3D printing in the healthcare and pharmaceutical sectors are the factors that will propel the market forward during the forecasted period.
The Global 3D Printing Medical Devices Market study offers a comprehensive analysis of the industry.
The research includes a detailed analysis of the market’s major segments, trends, drivers, restraints, competitive landscape, and other important variables.
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Key global participants in the 3D Printing Medical Devices Market include:
- 3D Systems Corporation
- Stratasys Ltd, Arcam AB
- Organovo Holdings Inc.
- Bio3D Technologies
- Oxford Performance Materials Inc.
- Materialise NV
- Cyfuse Biomedical K.K.
- SLM Solutions Group AG
3D Printing Medical Devices Market Scope
The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- Services and Software
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- Laser Beam Melting
- Droplet Deposition/Extrusion-based Technologies
- Electron Beam Melting
- Three-dimensional Printing/Adhesion Bonding/Binder Jetting
- Other Technologies
3D Printing Medical Devices Market segmented by regions/countries:
- North America ( United States)
- Europe ( Germany, France, UK)
- Asia-Pacific ( China, Japan, India)
- Latin America ( Brazil)
- The Middle East & Africa
What this 3D Printing Medical Devices Market research report offers:
1. Global 3D Printing Medical Devices Market size, share assessments for the regional and country-level segments.
2. Global Market Trends, Drivers, Constraints, Growth Opportunities, Threats, Challenges, Investment Opportunities, and recommendations.
3. 3D Printing Medical Devices Market forecasts for 5 years along with historical data of all the mentioned segments, sub-segments, and the regional markets.
4. Competitive landscaping mapping the key trends.
5. Major company profiling with their detailed strategies, financials, and recent developments.
6. Strategic recommendations for the new companies and startups.
8. Supply chain trends map the latest technological advancements.
9. Strategic recommendations in business segments based on the market estimations.
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