Leading Players in 3D Printing Medical Device Market to Focus on Innovations and Developments

3D-printing

The 3D printing industry has been growing at a fast pace with a significant rise in the number of applications across diverse industries. The global market for 3D printing medical devices is projected to offer lucrative opportunities for market players in the next few years. Technological advancements in the 3D printing industry and the rising number of applications of 3D printing in the healthcare segment are estimated to support the development of the 3D printing medical devices market in the next few years.

In 2016, the global market for 3D printing medical devices was worth US$823.0 mn. The market is estimated to exhibit a promising 17.70% CAGR between 2017 and 2025, states a new study by Transparency Market Research.

North America to Witness High Growth in Near Future

The global market for 3D printing medical devices has been classified on the basis of geography into five segments, such as Latin America, Europe, North America, Asia Pacific, and the Middle East and Africa. The growth prospects of the leading regional segments have been mentioned below:

North America – North America held a large share of the global 3D printing medical devices market in the last few years. This region is projected to remain in the similar position in the next few years, thanks to the existence of several leading players. In addition to this, the rising focus of the key players on technological advancements, along with the rising research activities are estimated to support the overall development of the North America 3D printing medical devices market in the next few years.

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Europe – This region is anticipated to witness a strong growth in the next few years and remain in the second leading position in the coming few years. The rise in the investments by the leading players and the availability of advanced medical infrastructure are considered as the key factors that are estimated to push the growth of the 3D printing medical devices market across Europe in the coming few years.

Asia Pacific – The 3D printing medical device market in Asia Pacific is predicted to witness a rapid growth in the coming few years. The rise in the need for 3D printing medical devices, owing to the rising population and the increasing contribution from India, Japan, and China are projected to support the development of the market in the coming few years.

Entry of New Players to Enhance Competitive Landscape

The global 3D printing medical devices market is likely to witness a high level of competition in the next few years, thanks to the entry of several new entrants in the market. The rising investments by the key players for research activities and innovations in the 3D printing field are estimated to enhance the competitive landscape of the market in the near future. In addition to this, the rise in the number of collaborations and strategic partnerships is predicted to accelerate the growth of the 3D printing medical device market in the coming few years. The key players engaged in the 3D printing medical devices market across the globe are EnvisonTec, Cyfuse Biomedical K.K., Organovo Holdings, 3D Systems Inc., Concept Laser, Arcam AB, SLM Solutions Group AG, Materialise NV, and FabRx Ltd.

 

 

 


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