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on March 26, 2024
3D printing technology has revolutionized the medical industry with its ability to create custom and complex medical devices. 3D printing medical devices are designed to be patient-specific, fit a specific anatomy, and provide more accurate results. These devices offer a range of benefits over traditional manufacturing techniques. The 3D printing medical devices market is estimated to experience a significant growth in the coming years.
The 3D printing medical devices market is anticipated to witness a strong growth during the forecast period (2023-2028). This can be attributed to the increasing demand for patient-specific, cost-effective and high-performance medical devices. Additionally, the growing popularity of 3D printed medical devices among patients and healthcare practitioners is expected to drive the market.
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The increasing demand for personalised medical devices and the growing awareness about 3D printed medical devices are some of the major factors driving the 3D printing medical devices market. Additionally, the rising demand for minimally invasive surgery, the growing adoption of 3D printing technology in the healthcare sector, and the increasing number of research and development activities are expected to fuel the growth of the market.
High cost and lack of technical expertise are some of the major factors restraining the 3D printing medical devices market. Additionally, the limited availability of materials for 3D printing applications and the complex regulatory framework are some of the factors hampering the market growth.
The 3D printing medical devices market is expected to witness a significant growth in the coming years. This can be attributed to the increasing demand for patient-specific medical devices, the growing adoption of 3D printing technology in the healthcare sector, and the increasing number of research and development activities. Additionally, the growing awareness about the advantages of 3D printing technology and the increasing number of applications of 3D printed medical devices are expected to drive the market.
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Key Market Players
Stratasys Ltd. (US & Israel), 3D Systems Corporation (US), GE Additive (US), Materialise NV (Belgium), Renishaw plc (UK), SLM Solutions Group AG (Germany), Desktop Metal, Inc. (US), Prodways Group (France), Carbon, Inc. (US), CELLINK (Sweden), Organovo Holdings, Inc. (US), EOS (Electro Optical Systems) GmbH (Germany), Biomedical Modeling, Inc. (US), Formlabs, Inc. (US), 3T Additive Manufacturing Ltd. (UK), DENTSPLY Sirona, Inc. (US), DWS Systems SRL (Italy), Roland DG (Japan), HP, Inc. (US), and regenHU (Switzerland) among others are some of the major players operating in the global 3D Printing Medical Devices market.
Stratasys Ltd. (US) has a wide range of product offerings in the 3D Printing Medical Devices market, including equipments, materials, software and services. The company sustains its key position in the global 3D printing medical devices market owing to its multiple strategic acquisition Stratasys Ltd. has a strong product portfolio, supporting around medical OEMs, hospitals and specialty clinics worldwide.
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3D Printing Medical Devices Market Report Segmentation
By Component
- Equipment
- Materials
- Services & Software
By Application
- Surgical Guides
- Surgical Instruments
- Standard Prosthetics & Implants
- Custom Prosthetics & Implants
- Tissue-engineered Products
- Hearing Aids
- Wearable Medical Devices
- Other Applications
By Technology
- Laser Beam Melting
- Photopolymerization
- Droplet Deposition/Extrusion-based Technologies
- Electron Beam Melting
- Three-dimensional Printing/Adhesion Bonding/Binder Jetting
- Other Technologies
By End User
- Hospitals & Surgical Centers
- Dental & Orthopedic Clinics
- Academic Institutions & Research Laboratories
- Pharma-Biotech & Medical Device Companies
- Clinical Research Organizations
By Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
Recent Developments
- 3D Systems (US) introduced launched titanium- and nylon-made patient-specific VSP Hybrid Guides for maxillofacial procedures
- Stratasys Ltd. (US) Introduced the J5 DentaJet 3D Printer PolyJet printer for dental laboratories
- Desktop Metal, Inc. (US) acquired EnvisionTEC (Germany). This acquisition will strengthen the company’s existing client base of 3D Printing Medical Devices
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Posted in: Health