Global 3D printing medical devices market projected to reach USD 1.88 billion by 2022 from USD0.84 billion in 2017, at a CAGR of 17.5%. Factors like technological advancements, increasing public-private funding, easy development of customized medical products, & growing applications in healthcare industry are expected to drive growth of 3D printing medical devices market.
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Report studies the 3D printing medical devices market based on technology, component, and type. The report also studies factors (such as drivers, restraints, opportunities, and challenges) affecting market growth.
It analyzes opportunities & challenges in market for stakeholders and provides details of competitive landscape for market leaders.
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1 3D Printing Medical Devices: Market Overview
2 Asia-Pacific: 3D Printing Medical Devices Market, By Technology
3 3D-Printed Medical Products Market, By Type, 2017 vs 2022 (USD Million)
4 Geographical Snapshot of the 3D Printing Medical Device Market
North America is expected to account for the largest share of the global 3D printing medical devices market, while Asia-Pacific is expected to witness the highest growth during 2017 to 2022. A number of factors such new 3D printing research, training, and education centers, and rising efforts by leading market players for expanding their distribution networks in emerging Asian countries are contributing to the growth of the 3D printing medical devices market in this regional segment.
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In 3D printing medical devices market report the emerging Asian countries offer high-growth opportunities for market players. As of 2017, Asia-Pacific 3D printing medical devices market is expected to grow at highest CAGR during forecast period.
Establishment of new 3D printing research, training, & education centers, and rising efforts by leading market players for expanding their distribution networks in emerging Asian countries are factors propelling growth of market in Asia-Pacific.
Breakdown of primary interviews: by company type, designation, and region:
- By Company Type - Tier 1 – 35%, Tier 2 – 40% and Tier 3 – 25%
- By Designation – C-level – 30%, Director Level – 22%, others – 50%
- By Region – North America - 37%, Europe – 32%, APAC – 26%, RoW – 9%
Key players operating in 3D printing medical devices market. Stratasys Ltd (Israel & U.S.), 3D Systems Corporation (U.S.), EnvisionTEC GmbH (Germany), EOS GmbH Electro Optical Systems (Germany), Renishaw plc (U.K.), Materialise NV (Belgium), 3T RPD, Ltd.
(U.K.), Arcam AB (Sweden), Concept Laser GmbH (Germany), and Prodways (France).
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Furthermore, rising demand for organ transplantation, expiry of key patents, and strong mergers and acquisitions to enhance 3D printing medical devices market share are offering high-growth opportunities for market players. However, stringent regulatory process for approval of 3D-printed medical devices & high cost of 3D-printed organs & tissues are some of key restraints hampering market growth.
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