According to the latest publication from Meticulous Research®, the global medical 3D printing market would reach $983.2 million by the year 2020 with a CAGR of 20.3% over the period of 2014 to 2020. The research report titled “Global Medical 3D Printing Market Outlook: 2014-2020” analyzes the major drivers, restraints, opportunities, and challenges that have a long and short-term impact on its growth across the globe.
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Medical 3D printing market is segmented by application and by products. The market by application is mainly divided into dental, medical prosthetic, orthopedic, and surgical instruments. Dental application market is further divided into dental implants, dentures, surgical guides, and others. Orthopedic application is further sub segmented into orthopedic implants, and surgical guide, while medical instrument market is further sub segmented into surgical cutting guides, drill guides, bespoke tools, and bio-medical scaffold systems. Medical 3D printing market by products is divided into printers, scanners, materials, and software. Materials are further sub segmented as metals, polymers, ceramics, and biological cells.
The medical 3D printing market is mainly driven by the widening application, government initiatives to promote research activities in 3D printing, increased investments by key players to incorporate this technology, and continuous innovations in this field. However, high cost, environmental issues, patent and copyright issues could limit the growth of market to a certain extent.
The North American region accounted for the largest share in the global medical 3D printing market followed by Europe, and Asia-Pacific. Asia Pacific region provides significant growth opportunities for this market as a result of many technological and healthcare reforms in the region with improved economic conditions and positive approach of the government towards the healthcare sector. The report elucidates various important aspects of the global medical 3D printing market that facilitate the understanding of this market at a granular level.
The report offers meticulous analysis of market dynamics, burning issues, and technological landscape of the global medical 3D printing market. The report provides the competitive landscape of the major players in this market such as Stratasys Ltd, (Israel), 3D Systems, Inc. (U.S.), Arcam, Inc. (Sweden), Concept Laser GmbH (Germany), Digital Wax Systems (Italy), EnvisionTEC (Germany), EOS (Germany), Innovation MediTech (Germany), Materialise (Belgium), Optomec, Inc. (U.S.), Rapid Shape, Inc. (Germany), SLM Solutions GmbH (Germany), and many others with detailed analysis of their product portfolio, financials, and recent developments
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