Global 3D Printed Medical Devices Market: Orthopedic Implants to Retain its Dominance through 2027

3D Printed Medical Devices Market
3D Printed Medical Devices Market

According to Future Market Insights, the global 3D printed medical devices market will expand at significant CAGR throughout the assessment period. A reporter from FMI has fielded several questions based on presumptive report on global 3D printed medical devices market.

What is your take on expansion of global 3D printed medical devices market?

According to Future Market Insights’ report, the global market for 3D printed medical devices is estimated to growth at 18.1% CAGR during the assessment period (2017-2027). The global market was pegged at US$ 330 Mn in 2017.

What are the factors driving the demand for 3D printing medical devices?

Medical devices manufacturers are specially focusing on innovations due to rising popularity of 3D printing medical devices. Complex features such as soft and hard areas, porous and solid structures, multi-color and multi material that seemed to be difficult by implementing conventional manufacturing techniques, which is made simpler via 3D printing. Patients-specific implants are being produced on the basis of MRI and CT scans given by surgeons that result in minimization of overall surgical cost. This resulted in increasing popularity of 3D printed medical devices across the globe.

Are there any types of global market based on application type, which is the leading segment in the market?

The global market, on the basis of application type has been segmented into implants, orthopedics, dental implants, as well as ceanio-maxillofacial implants. Among these, orthopedic implants application segment had procured for larger revenue share of the global market equated to other types. Orthopedic implants segment is anticipated to reach valuation of almost US$ 170 Mn in 2017 and is poised to reach approximately US$ 970 Mn by the end of 2027, witnessing expansion at 19.2% CAGR throughout the assessment period.

What are the segments of market on the basis of material type?

The 3D printed medical devices market has been segmented into alloys and metals on the basis of material type. The biomaterial inks segment was projected to reach valuation of approximately US$ 65 Mn in 2017 and is estimated to reach valuation of nearly US$ 400 Mn in 2027, securing 20 CAGR throughout the forecast period.

How will you define growth of the market at regional level?

In terms of revenues, the Western Europe is anticipated to expand ar 18.6% CAGR, on the other hand Eastern Europe is projected to grow at 15.5% throughout the assessment period. The market in the Western Europe was pegged at almost US$ 65 Mn in the year 2017 and is poised to reach valuation of approximately US$ 360 Mn in 2027. On the other hand, the market in Eastern Europe is projected to reach almost US$ 160 Mn in 2027, up from US$ 40 Mn in 2017.

What are the prominent players in the market?

The report reveals several players in the market such as 3D Systems, Inc., EOS GmbH Electro Optical Systems, Arcam AB, FabRx Ltd., and Stratasys Ltd. are observed as the leading players contributing more to the growth of the market. However, EnvisionTEC, Formlabs, Inc. and Cyfuse Biomedical K.K. have consolidated their footprints in the global market.

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About Anurag Sharma 38 Articles
Delivering high-quality research and consulting projects at tight deadlines remains Anurag Sharma's forte. An experienced market research professional, he has helped business of varied scales make key strategic decisions. Anurag is a specialist in the medical devices market research domain, and has accurately predicted the trends in the market. Anurag is an avid traveller and music aficionado; in his free time, he loves to introspect and plan ahead.